Job Purpose:
To contribute to the work and responsibilities within the department; to assist in the development and implementation of policy recommendations; to liaise and/or work with colleagues within the department and other relevant Offices within the Bank to meet the objectives of the Office.
Technical / Functional Responsibilities:
- Contribute to policy proposals and their formulation for addressing systemic risks. Guide on the appropriateness of macroprudential tools in the domestic context and contribute to impact assessments carried out by the department whilst coordinating policy implementation within and outside the Bank.
- To be responsible for the planning, design, calibration, and monitoring of macroprudential policy measures and tools, including running and updating the existing tools, with the objective of addressing potential adverse developments that are likely to have financial stability implications.
- To take initiative in researching macroprudential policy related work and suggest areas for further exploration; provide input for the Financial Stability Report and other internal and external publications.
- To contribute to the preparation of documentation including the use of presentations and background analyses as necessary to the CBM’s Financial Stability Forum, the Financial Stability Committee, the Joint Financial Stability Board and other relevant Committees.
- Contribute to the process of compliance with the ESRB and SSM recommendations.
- To provide support and contribute where necessary for the development and review of the domestic framework for crisis management (including a contingency plan) in liaison with other Offices within the Bank and other relevant authorities.
- To participate in maintaining and testing operational guidelines for the provision of emergency liquidity assistance (ELA);
- To carry out work including the preparation of briefing /speaking notes and review thereof, for meetings with the ECB, EBA, BOS, ESRB, IMF, ESAs, EU institutions, rating agencies and other related entities such as MFSA and the Ministry responsible for Finance.
- To keep abreast with credit institutions recovery and resolution plans and liaise with relevant authorities as necessary;
- To keep abreast with developments related to the SSM, CRR/CRD and ESRB policy framework
- To carry out work, including preparing briefing and speaking notes, relating to the ECB, EBA, BOS, ESRB, IMF, ESAs, EU institutions, rating agencies and other bodies.
- To prepare input and assist in representing the Office in discussions with external delegations.
- To keep abreast with and adhere to established Policies and Procedures.
- To report on activities undertaken.
- To ensure a high quality / standard of work and service throughout.
- To perform any other duties that may be assigned from time to time.
Experience and Qualifications
- An honours degree at MQF 6 in Economics or Banking and Finance or Finance or a related discipline and possess at least two years’ working experience in an area related to the role and demonstrate proven ability to perform the tasks pertaining to the position.
- A master’s degree in Economics or Banking and Finance or Finance or a related discipline is considered an asset.
- Direct experience in financial stability and macroprudential policy is considered an asset.
- Proficiency in the use of Microsoft Office applications
- Experience with econometrics and statistical packages is considered an asset
- Sound analytical and good verbal and writing communication skills are necessary as is the ability to meet deadlines
- Must be able to work in a team.
