Senior Economist
Reporting to the Chief Economist in the Financial Stability & Macroprudential Monitoring (“FSMM”) Group, the Senior Economist is responsible for conducting economic research on financial stability, macroprudential and crisis management frameworks and models. Together with the Chief Statistician (FSMM) and the Business Analysts Group, the Senior Economist integrates the Economics Group’s model building and research with the Division Statisticians’ data management skills and existing FSSD and CIMA statistics assets, to implement efficient IT-based solutions to financial stability monitoring.
RESPONSIBILITIES:
- The successful candidate will:
- In consultation with the HoD, DHoDs, Chief Statisticians and Chief Economist, assists with the development and monitoring of a national Macroprudential framework, including early warning indicators, policy tools, crisis management framework;
- In consultation with Supervisory Division staff and Deputy Head - Statistics, Compilation & Reporting, review and update the methodology for the identification and supervision of systemically important financial institutions;
- Contributes to the Division’s and CIMA’s participation and input to various international initiatives, including FSB’s NMEG Working Group (WG), the FSB-RCGA WG on Non-bank Financial Intermediation (NBFI) and the BIS’ International Banking Statistics (IBS) reporting countries group, from the perspective of economic interpretation and usability of the data. Assist the Chief Economist in performing cost/benefit analysis of new initiatives;
- Plans and executes specific projects, sub-projects and assignments of the Economics Group to ensure that they are carried out effectively and efficiently in accordance with the policies, procedures, and goals and objective of the Division and CIMA;
- Directs, evaluates and provides feedback to Junior Economists and Statisticians on their input into key projects;
- Produces documentation, such as procedure manuals, for the implementation and maintenance of effective Macro Prudential monitoring;
- Be a positive ambassador at, conferences, meetings and events and presents information, brings back ideas, and makes recommendations to improve the regulatory regime and operations.
REQUIREMENTS:
- A Master’s degree from an accredited institution in Economics or Finance, and five years relevant experience in economics research, focusing on financial industry, in private or public sector.
- Experience with a financial sector supervisor/regulator, an international standard setting body such as BIS, IMF, World Bank or ECB SSM and experience working in an offshore financial centre would be an asset; and
- A relevant professional qualification such as CPA, CA or CFA would be an asset.
- Knowledge of Financial Stability and Macro Prudential Supervision;
- Experience in the development and conduct of stress testing of the financial sector and sub-sectors, modelling, and scenario analysis;
- Knowledge in assessing statistical methodology, supervisory approaches and regulatory framework for compliance with international standards;
- Knowledge of Anti-Money Laundering/KYC requirements and the application of same would be an asset;
- Proven ability to provide guidance and mentorship to junior team members in economic or statistical research;
- Excellent writing and communication skills, strong presentation skills would be an asset;
- IT and programming skills and knowledge of programming languages/econometric software or statistical packages (e.g. R, MATLAB, Stata, Python, SQL); and
- Proficiency in all Microsoft Office applications, such as MS word, Excel, and PowerPoint.
Caymanians, persons possessing Caymanian Status, Permanent Residency, or Residency Employment Rights Certificate need only apply.
Direct applicants only. Applications received from agencies will not be accepted at this time.
Application form may be completed online by visiting cima.ky/careers
Salary: CI $77,929 - $94,519 per annum
Application Deadline: 5 August 2025
(Only shortlisted candidates will be notified)
Application for Employment
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