Associate Economist/Economist, Modelling, Economics

Bank Negara Malaysia; Kuala Lumpur; On-site; MYR 60,000 - 90,000; Full time

Job summary

A leading financial institution in Malaysia is seeking a professional to develop and continuously update quantitative models and surveillance tools. The role requires expertise in econometrics and extensive knowledge in forecasting techniques. Candidates must possess a Bachelor's or Master's degree in a relevant field, with prior experience in economic research being advantageous. This position involves significant responsibilities in governance and documentation of models to support the Monetary Policy Committee's objectives.

Qualifications

• Familiarity with economic theory and econometric techniques is essential.
• Working experience in monetary and economic research is an advantage.

Responsibilities

• Develop and update forecasting and simulation models.
• Ensure proper governance for model development.
• Translate model requirements into proof-of-concept.
• Assist in development of surveillance tools.
• Conduct training and sharing sessions.

Skills

Econometric techniques

Statistical analysis

Model development

Forecasting

Documentation

Education

Bachelor or Master’s Degree in Economics, Econometrics, Mathematics or Data Science

PhD in relevant fields

Job description

ROLE PURPOSE

Develop, review, and continuously update quantitative models and other surveillance tools to assist the Management and the Monetary Policy Committee (MPC) to discharge their mandates. The job holder is also expected to be the subject matter expert in econometrics, modelling, and forecasting.

PRINCIPAL ACCOUNTABILITIES

• Develop, regularly review, and update forecasting and simulation models with clearly defined methodologies, deliberation of methods, objectives, limitations, validation and evaluation steps, and gestation periods
• Ensure proper governance for model development with emphasis on robustness of the models and documentation of the methodologies, objectives, limitations, codes, calibration histories, validation status and dependencies on other models/frameworks
• Gather and understand the requirements of models through engagements with relevant units in the department and translate it into a feasible proof-of-concept
• Assist in development of surveillance tools that would require technical knowledge
• Keep abreast of new developments and research frontiers related to modelling
• Ensure proper handover of models to the commissioning section, by conducting training and sharing session and providing relevant documentation
• Provide advice (as and when necessary) to other sections or other parts of the Bank on modelling techniques and statistical analysis

QUALIFICATION

• S Academic Qualifications: A Bachelor or Master’s Degree in Economics, Econometrics, Mathematics or Data Science. Familiarity with economic theory and econometric techniques is essential. A PhD is an added advantag
• e.Experience: Working experience in the field of monetary and economic research, or work requiring rigorous quantitative application, is an advanta

ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED