Senior Economist, Macroframe Unit, Economics

Bank Negara Malaysia; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Job summary

A leading economic institution in Kuala Lumpur seeks a macroeconomic analyst to enhance forecast accuracy and support policy formulation. The role involves developing a macro-frame forecasting framework, leading scenario analysis, and providing technical guidance on econometric forecasting. Candidates should possess a first degree in Economics, with a Master's or Ph.D preferred, and have 5-7 years of relevant experience. Strong analytical skills and capacity-building initiatives are essential for success in this role.

Qualifications

• Minimum 5-7 years in macroeconomic analysis or forecasting.
• Proven experience in developing econometric models.
• Strong analytical and technical guidance skills.

Responsibilities

• Develop and implement a macro-frame forecasting framework.
• Support development of forecasting models and tools.
• Lead scenario analysis and simulations.
• Provide technical guidance on econometric forecasting.
• Conduct workshops and build internal modeling capacity.
• Prepare communication materials for policy support.

Skills

Macroeconomic analysis

Econometric modeling

Forecasting

Training and workshops

Technical guidance

Education

First Degree in Economics or related field

Master’s or PhD in Economics/Econometrics

Job description

Undertake strategic development and implementation of Jabatan Ekonomi’s macro-frame forecasting framework by applying advanced macroeconomic and quantitative expertise to enhance forecast accuracy, ensure coherence across sectoral and aggregate perspectives, and support policy formulation aligned with the Bank’s strategic objectives.

• Develop and implement a macro-frame forecasting framework that integrates sectoral and aggregate perspectives, ensuring consistency with macroeconomic narratives.
• Support the development and refinement of macro-frame forecasting models and bottom-up tools, ensuring consistency with sectoral forecasts and macroeconomic narratives.
• Lead scenario analysis and simulations to assess the impact of external and domestic shocks on macroeconomic outlook.
• Provide technical guidance on econometric forecasting and structured evaluation of forecast performance to strengthen analytical rigor.
• Conduct workshops and training to build internal modelling capacity and promote best practices in macroeconomic analysis.
• Prepare communication materials (working papers, reports, presentations) to articulate findings, support policy decisions and build thought leaderships for JEK and BNM.
• Perform administrative tasks, where necessary, to ensure smooth operations and business continuity.

Academic Qualifications

• First Degree in Economics, Econometrics, Mathematics, or related field. Master’s or PhD in Economics/Econometrics is highly desirable.

Experience

• Minimum 5 - 7 years in macroeconomic analysis, forecasting, or policy research. Proven experience in developing econometric models and leading capacity‑building initiatives.