Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.
To collect, organise and analyse key primary macroeconomic data on several African countries (primary responsibility for 3 to 5 countries) with the aim of generating medium and long term forecasts for economic growth, exchange rate, inflation, interest rate and other key macroeconomic variables for the respective countries, and utilising such forecasts to derive tradable fixed income and currency trading or hedging strategies.
Responsibilities Include:
- Act as fund representative to the World Bank, and other relevant institutions in each country.
- Analyse and consolidate macroeconomic data by preparing an up to date, relevant, accurate database of key statistical data on coverage countries.
- Support the Chief Economist at IMF and AfDB investor meetings, presenting updates on policy and economic developments to investors
- Contribute to Africa Sovereign weekly report by analysing hard currency asset prices to come up with trade ideas and keep up to date with credit rating actions to assess how this impacts African Eurobond prices.
- Contribute to the Africa Brief by providing short commentary about pertinent developments warranting notifying clients to ensure they receive valuable information timeously.
- Contribute to the African Financial Markets Handbook by interacting with the Global Markets team in each country to provide the most up to date snapshot of the foreign exchange, rates and equity markets.
- Develop a framework to monitor and assess economic trends affecting exchange rates, growth, and interest rates, with management support.
- Lead in-country management in developing economic forecasts for coverage countries that Standard Bank has a presence in to review recent economic and market developments.
- Plan research road shows and investor trips with the Head of Africa Research and the Global Markets Sales Managers with the aim of meeting policy makers, like central bank governors, Finance Ministers, IMF representatives in each country.
- Present cogent arguments, supporting the forecasts for economic growth, the exchange rate, inflation interest rates, etc.
- Produce flash notes and trade ideas by using macroeconomic data on several African countries to determine if any significant changes should be recommended in terms of trading.
Type of Qualification: Post Graduate Degree Prefered
Field of Study: Business Commerce, Finance or Accounting
Experience Required
8-10 years
Experience in a senior role, primarily involving macroeconomic research and financial market analysis, encompassing marketing fixed income and currency investment ideas to institutional or currency hedging ideas to corporate clients.
Behavioural Competencies:
- Documenting Facts
- Interacting with People
- Interpreting Data
- Providing Insights
- Showing Composure
- Team Working
Technical Competencies:
- Bond Pricing
- Economic Analysis
- Data Management (Trading, Transacting)
- Hedging
- International Market Knowledge
- Investment Analysis
- Economic Research
- Written Communication
Please note: All our recruitment processes comply with the applicable local laws and regulations.
We will never ask for money or any form of payment as part of our recruitment process. If you experience this, please contact our Fraud line on +27 800222050 or TransactionFraudOpsSA@standardbank.co.za