State Bank of Pakistan, the Central bank of the country, regulates the monetary and credit system of Pakistan, and fosters its growth in the best national interest with a view to securing monetary stability and optimum utilization of the country’s productive resources. In order to further strengthen the institutional capacity in financial stability, applications are invited for recruitment of following Karachi based positions from high caliber and dynamic professionals for Financial Stability Department.

Deputy Director (OG-3)

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

	Design consistent macro scenarios for stress testing of banks.
	Carry out macro stress testing of all banks by using weekly/monthly/quarterly data and macroeconomic forecasts.
	Identify and report critical/watch list banks/DFIs based on results of the macro stress testing and suggest measures to address the issues of watch list banks.
	Study macro stress testing frameworks and forecasting models used by advanced and regional countries and improve existing framework / models for macro stress testing.
	Identify advanced stress testing models/techniques and implement the same or any variant of such models on local data to improve the existing macro stress testing models.
	Review the macro stress testing practices of big banks and provide guidance for implementation of macro stress testing framework at their institutions as per the stress testing guidelines.

Eligibility Criteria

Qualification:     Masters or Bachelors Degree with 16 years of education in Economics, Finance, Commerce, Business Administration, or
                           any other relevant field.

Age:                   Maximum 35 years, relaxable in case the candidate possesses exceptional qualification/experience.

Experience:       At least 05 years of post qualification experience with minimum 3 years experience in macroeconomic/ financial/banking
                          research with special focus on designing economic models.

Competencies:  Strong econometric skills with proficiency in Statistical/Econometric softwares used for Modeling and Forecasting;
                          Strong communication and writing skills

Compensation:

Competitive compensation package in salary scale of Deputy Director (OG-3) i.e. Rs 98,000- Rs 229,000; including loan facility, medical, contributory provident fund and gratuity as per Bank’s rules..

Application Procedure
Interested candidates meeting the above mentioned eligibility criteria may send their detailed CV’s, alongwith copies of relevant documents, to the Joint Director (Recruitment), Human Resources Department, State Bank of Pakistan, 10th Floor, SBP Main Building, I.I. Chundrigar Road, Karachi latest by February 20, 2017. Please clearly mark the envelope with the position applied for. Only short listed candidates will be contacted. Female candidates are encouraged to apply.

Application Deadline: February 20, 2017
Misinformation and any attempt to influence the selection process will be considered a definite disqualification for current as well as for all future recruitments in the Bank, even if the candidate is otherwise qualified.