Research Department

sbp.org.pk; Karachi Division; On-site; PKR 3,000,000 - 5,000,000; Full time

Job summary

State Bank of Pakistan (SBP) in Karachi invites applications for a Research Economist - Economic Modelling on Contract. The role centers on developing and improving DSGE and other macroeconomic models, forecasting key variables, and presenting policy analyses to senior management.

You will also lead a small team of entry-level analysts and contribute to capacity building. A PhD in Economics from a recognized university is required; candidates who have submitted their final thesis and can present

Qualifications

• PhD in Economics from an HEC recognized university or reputable foreign university.
• Candidates who have submitted final thesis or can present job market papers are encouraged to apply.

Responsibilities

• Provide analyses to management regarding monetary policy formulation.
• Forecast key macroeconomic variables by executing general equilibrium models, especially DSGE models.
• Improve existing forecasting models and develop new general equilibrium models.
• Lead a team of entry-level economic analysts and develop their macroeconomic modelling skills.
• Deliver presentations on monetary policy and evidence-based research.
• Research monetary policy effectiveness in Pakistan.

Education

PhD in Economics

Job description

State Bank of Pakistan (SBP) - the country’s central bank, is chartered with the conduct of monetary policy with the objective of achieving price and financial stability. With regards to achieving these objectives and to appraise the Bank’s Monetary Policy Committee (MPC) on the country’s economy in a forward looking manner, SBP has an active research culture. Major activities are focused on deepening the understanding of monetary policy transmission and structural issues hindering Pakistan’s growth potential, development and improvement of forecasting models along with pertinent scenario analyses and policy simulations.

In order to enhance its research and forecasting capabilities, especially under emerging issues related to climate change and digitalization, SBP is seeking candidates for the roles of Research Economist from reputable national and international universities.The position is based inKarachi.

Research Economist - Economic Modelling (on Contract)

Key responsibilities of the incumbent will include, but not limited to, the following:

• Provide theoretically consistent and empirically backed analyses to management regarding monetary policy formulation.
• Effectively forecast key macroeconomic variables by executing general equilibrium models, especially DSGE models and those involving large datasets.
• Improve upon the existing inventory of forecasting models.
• Develop new general equilibrium models to address emerging economic issues.
• Lead a team of entry-level economic analysts and develop their expertise in macroeconomic modelling.
• Contribute to SBP’s research and capacity-building goals by delivering effective presentations on monetary policy and evidence-based research.
• Perform research on monetary policy effectiveness in Pakistan.

Eligibility Criteria

PhD degree in Economics from an HEC recognized university or a reputable foreign university. Candidates who have submitted final thesis of their PhD and are able to present their job market papers are encouraged to apply.

Compensation

Competitive market based compensation package backed by attractive salary and well-rounded benefits structure as per State Bank's rules.

We are an Equal Opportunity Employer. Females, candidates from minorities, transgender persons and persons with disability are encouraged to apply.

Any candidate who misinforms, attempts to influence the recruitment process in any manner, tries to obtain support for his/her candidature by inappropriate means or tampers with evidence of his/her age, educational and other certificates, shall be disqualified from the current and any future recruitment process at the Bank; even if the candidate is otherwise eligible. Candidate who fails to provide the required information or documents or does not meet the specified criteria as per advertisement shall be disqualified from the current drive.