Economist - Senior Analyst / Principal Analyst, Macroeconomic Risk

About the role

The Macroeconomic Risk team, part of the System Risk Branch in the Cross-Industry Risk Division, is looking for an economist to identify and assess emerging macroeconomic and macro-financial risks and explain their implications for the resilience of the Australian financial system. The role produces forward-looking analysis, develops plausible economic scenarios and assesses how domestic and global developments may affect APRA-regulated banking, insurance and superannuation industries, informing system risk assessments, stress testing and policy development. The appointment may be at Senior Analyst or Principal Analyst level depending on experience, technical capability and leadership skills.

Key responsibilities

• Identify, monitor and assess emerging macroeconomic and macro-financial risks, vulnerabilities and structural trends
• Analyse how economic and financial developments may affect the Australian financial system and APRA-regulated industries
• Develop plausible macroeconomic scenarios to support stress testing, system risk assessment and prudential supervision priorities
• Lead or contribute to research on significant domestic and global risks, including transmission channels and system-wide impacts
• Initiate, plan and deliver analytical workstreams to a high professional standard within agreed timeframes
• Build working relationships with risk specialists, frontline supervisors and senior stakeholders

Required profile

• Experience in macroeconomic, macro-financial, financial stability or closely related analysis
• Strong understanding of the Australian economy and global economic developments
• Experience developing, interpreting and assessing economic scenarios
• Relevant tertiary qualification in economics, econometrics, finance, commerce or a related discipline
• Australian citizenship and eligibility to obtain and maintain an Australian Government security clearance

Required skills

• Strong quantitative and analytical skills, including working with data to derive insights
• Excellent written and verbal communication, able to explain complex concepts to non-specialists
• Collaboration and stakeholder engagement skills
• Proficiency in analytical and programming tools such as R
• Experience using modern analytical and AI-enabled tools to improve the quality of economic analysis