Economist – Senior Analyst/Principal Analyst | Macroeconomic Risk
APRA · Sydney
The role
The Macroeconomic Risk team is seeking an economist with a focus on identifying and assessing emerging macroeconomic and macro-financial risks and explaining 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 be transmitted to APRA-regulated industries. The work informs APRA's system risk assessments, supervisory priorities, stress testing activities and policy development.
The successful candidate may be appointed at either the Senior Analyst or Principal Analyst level depending on experience, technical capability and leadership skills.
The Team
The Macroeconomic Risk team provides timely, forward-looking analysis of macroeconomic and macro-financial risks to support APRA's assessment of financial system vulnerabilities and resilience.
The team forms part of the System Risk Branch in the Cross-Industry Risk Division. It works closely with peer System Risk teams, other risk specialists, frontline supervisors, and supports senior executives. The team also engages with relevant external agencies, including members of the Council of Financial Regulators.
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 banking, insurance and superannuation industries;
- Develop plausible macroeconomic scenarios to support stress testing, system risk assessment and inform prudential supervision priorities;
- Lead or contribute to targeted research and analysis of significant domestic and global risks, including their transmission channels and potential system-wide impacts;
- Initiate, plan and deliver analytical workstreams to a high professional standard and within agreed timeframes; and
- Build effective working relationships with risk specialists, frontline supervisors and senior stakeholders across APRA.
About you
- Experience in macroeconomic, macro-financial, financial stability or closely related analysis;
- A strong understanding of the Australian economy and global economic developments;
- Experience developing, interpreting and assessing economic scenarios;
- Strong quantitative and analytical skills, including experience working with data to derive insights and support decision-making;
- Highly developed written and verbal communication skills, with the ability to explain complex concepts clearly to non-specialist audiences;
- Strong collaboration and stakeholder engagement skills;
- Relevant tertiary qualifications in economics, econometrics, finance, commerce or a related discipline; and
- Proficiency in analytical and programming tools such as R. Experience using modern analytical and AI-enabled tools to improve the efficiency and quality of economic analysis.
To work with us, you must be an Australian citizen and be eligible to obtain and maintain an Australian Government security clearance.
About APRA
The Australian Prudential Regulation Authority (APRA) places you at the heart of Australia’s financial services industry. APRA serves the Australian community by helping ensure financial institutions deliver on the financial commitments they make, within a stable, efficient and competitive financial system.
At APRA we’re committed to providing an inclusive workplace where everyone belongs, feels valued and respected. We aspire to attract and foster diversity of background, thought, and experience, recognising that a broad range of perspectives, approaches and ideas makes us stronger, and better enables us to meet our obligation to protect the financial wellbeing of the Australian community. When applying, please inform us of any adjustments you may need during the interview process.