Senior Economist

Khanewal; Karachi Division; On-site; PKR 900,000 - 1,100,000; Full time

Job summary

Faysal Bank Limited in Karachi, Pakistan is seeking a Senior Economist to lead macroeconomic forecasting, stress testing, and risk analysis. The role demands a PhD and at least five years in economics, with strong modelling and policy analysis skills.

The successful candidate will translate macro developments into actionable insights for strategic planning, capital adequacy, and financial stability within a regulated banking environment.

Qualifications

• PhD in Economics, Financial Economics, Econometrics, or a closely related discipline.
• At least five years of relevant professional experience.

Responsibilities

• Develop baseline macroeconomic forecasts for Pakistan including GDP, inflation, policy rates, FX, external accounts.
• Support ERM with multi-tier stress scenarios and capital planning.
• Develop model-based approaches for risk universe and macroeconomic forecasting.
• Contribute to policy analysis, economic research, and external communications.

Skills

Econometrics

Economic Modelling

Macroeconomic Forecasting

Statistical Analysis

Economic Research

Policy Analysis

Financial Economics

Stress Testing

ICAAP

SBP Regulatory Framework

Basel II/III

Risk Assessment

Capital Planning

Education

PhD in Economics/Financial Economics/Econometrics

Job description

## Senior EconomistFull Job Details#### Job DescriptionFaysal Bank Limited is seeking a highly skilled and experienced **Senior Economist** with strong expertise in economic modelling, econometrics, statistical analysis, policy research, and macro-financial forecasting.JobsThe ideal candidate will hold a **PhD in Economics, Financial Economics, Econometrics, or a closely related discipline** from a recognized institution and have at least **five years of relevant professional experience**.The position requires an advanced understanding of the **State Bank of Pakistan (SBP) regulatory framework** and **Basel II and Basel III standards**, along with the ability to assess Pakistan's macroeconomic and financial environment and translate economic developments into actionable insights for strategic planning, risk management, capital adequacy, and financial stability.The Senior Economist will conduct economic research, policy analysis, macroeconomic forecasting, scenario development, stress testing, and risk assessment. The role will provide high-quality economic intelligence to support regulatory compliance, strategic decision-making, risk appetite calibration, and capital planning.This is an individual-contributor position and does not involve direct team management. It requires a high level of technical expertise, analytical judgement, research capability, and professional communication.## Key Responsibilities### 1. Macroeconomic Research, Forecasting & Scenario Analysis* Develop and maintain baseline macroeconomic forecasts for Pakistan, covering GDP growth, CPI inflation, SBP policy rate, exchange-rate movements, external accounts, fiscal position, and key monetary aggregates.* Support the Enterprise Risk Management (ERM) function in developing multi-tier stress scenarios, including mild, moderate, and severe scenarios.* Develop assumptions relating to interest rates, foreign exchange, commodity prices, oil prices, inflation, and other key macroeconomic variables for use in risk and capital planning.* Monitor SBP monetary policy, domestic and global macro-financial developments, geopolitical conditions, and emerging economic risks.* Assess the potential implications of macroeconomic developments for the Bank's balance sheet, profitability, capital position, liquidity, and overall risk profile.* Support the Strategy function in translating macroeconomic developments into strategic business implications.* Develop, document, validate, and periodically review economic and econometric models used for forecasting and scenario analysis.### 2. Risk Appetite Calibration & Stress Testing* Support the ERM function in calibrating risk appetite thresholds against macroeconomic scenarios for different risk categories.* Translate qualitative risk appetite statements into measurable, defensible, and analytically supported risk limits and thresholds.* Design economic and macroeconomic scenario inputs for ICAAP, IRRBB, liquidity risk, credit-loss assessments, and capital adequacy assessments.* Support the Chief Risk Officer (CRO) in developing and periodically updating the Risk Appetite Statement.* Provide the economic rationale behind RAG (Green / Amber / Red) indicators, risk triggers, and early-warning indicators.* Contribute to the annual review of the Bank's risk appetite in light of changes in the strategic plan, macroeconomic environment, market conditions, and regulatory requirements.* Support reconciliation of risk appetite assumptions with stress-testing results and capital planning requirements.### 3. Identification, Quantification & Valuation of the Risk UniverseDevelop and support model-based approaches for identifying, quantifying, assessing, and assigning economic values to the Bank's interconnected risk universe, including:* Geopolitical, country, sovereign, and government-policy risks.* Credit, concentration, counterparty, and settlement risks.* Market risks, including interest-rate, equity, foreign-exchange, commodity, credit-spread, and inflation risks.* Liquidity, capital, solvency, compliance, regulatory, reputational, and strategic risks.* Systemic risk, interconnectedness, contagion, common exposures, and correlated assets.* Counterparty concentration and substitutability risks, including exposures to systemically important institutions.* Exogenous shocks and market volatility, including sudden interest-rate movements that may generate losses in bonds, sukuk, and other fixed-income portfolios.* Technological and emerging risks, including AI-driven cyber threats and rapidly evolving financial technologies.* Climate-related financial risks and relevant ESG considerations.* Complex and evolving regulatory requirements and their potential impact on the Bank's risk profile.### 4. Sectoral, SME & Supply-Chain Credit Economics* Produce sector-specific economic outlooks, research, and intelligence to support credit appetite, concentration limits, and portfolio strategy.* Analyse economic trends affecting major sectors of the economy and their potential implications for the Bank's credit portfolio.* Develop models to understand how small and medium enterprises (SMEs) form, grow, scale, and interact within supply chains.* Analyse the economic and financial factors influencing SME credit behaviour and repayment capacity.* Support the enhancement of SME credit-scoring and risk-assessment models.* Provide economic insights to support SME portfolio management and client advisory initiatives where appropriate.* Identify emerging sectoral vulnerabilities and their potential implications for credit quality and portfolio concentration.### 5. Consumer Behaviour, Product & Fintech Disruption Intelligence* Analyse changes in consumer economic and financial behaviour and assess their implications for deposit stability, financing demand, savings behaviour, and product usage.* Examine changing consumer preferences and financial habits to support evidence-based product development.* Assess the potential impact of fintech companies, digital financial services, and non-bank financial institutions on traditional banking models.* Advise Strategy, Treasury, Retail, and other relevant functions regarding risks and opportunities arising from fintech and financial-sector disruption.* Incorporate behavioural and economic insights into product design and business strategy.* Monitor emerging trends in digital banking, payments, financial technology, and alternative financial services.### 6. Board & External Economic Communication* Prepare economic outlook, macroeconomic risk, and financial-sector analysis for Board and management committee papers.* Present complex economic and financial information in a clear, concise, and decision-useful manner.* Draft and contribute to the economic narrative for the Directors' Report and Board of Directors' letter included in the Annual Report.* Support investor, rating-agency, regulatory, and other external stakeholder engagements by providing credible economic analysis and insights.* Develop clear economic narratives explaining the Bank's financial position, risk environment, outlook, and strategic considerations.* Translate complex economic research and modelling results into practical recommendations for senior management and decision-makers.## Required Skills & Competencies* Econometrics* Economic Modelling* Macroeconomic Forecasting* Statistical Analysis* Economic Research* Policy Analysis* Financial Economics* Stress Testing* Supervisory Stress Testing* ICAAP* Capital Adequacy Assessment* Capital Adequacy Management* Risk Appetite Framework* SBP Regulatory Framework* Basel II Framework* Basel III Framework* Macroeconomic Outlook* Scenario Analysis* Financial Risk Analysis* Quantitative Risk Modelling* Statistical Modelling* Sectoral Economic Analysis* SME Credit Economics* Financial Stability Analysis* Risk Assessment* Regulatory Compliance## Education**Preferred Qualification:*** PhD in Economics, Financial Economics, Econometrics, or a closely related discipline from a recognized institution.## Experience* Minimum **5 years of relevant professional experience** in economics, financial economics, econometrics, banking, financial risk, economic research, or a related field.* Experience in banking, financial institutions, economic policy, regulatory analysis, or risk management will be highly valued.* Demonstrated experience in macroeconomic modelling, forecasting, stress testing, and quantitative analysis is preferred.## Key Knowledge AreasThe successful candidate should have a strong understanding of:* Pakistan's macroeconomic environment* Banking-sector economics* State Bank of Pakistan regulatory requirements* Basel II and Basel III frameworks* Capital adequacy and capital planning* ICAAP* IRRBB* Liquidity and credit risk* Macroeconomic stress testing* Risk appetite frameworks* Financial stability* Monetary and fiscal policy* Exchange-rate and interest-rate dynamics* Economic forecasting and econometric modelling* SME and sectoral credit dynamics* Emerging financial and fintech risksHistory## Job Details**Job Title:** Senior Economist **Company:** Faysal Bank Limited **Employment Type:** Full Time / Permanent **Location:** Karachi, Pakistan **Minimum Experience:** 5 Years **Posted Date:** October 2, 2026 **Salary:** PKR 1,000,000+## About the RoleThe Senior Economist will play a critical role in strengthening Faysal Bank Limited's economic intelligence, macro-financial analysis, stress-testing capabilities, risk appetite calibration, and strategic decision-making. The position requires an individual with strong quantitative and analytical capabilities who can connect macroeconomic developments with banking-sector risks, capital requirements, business performance, and financial stability.