Type of Vacancy: Community Vacancies / Expired Notices
Details of the Post
The Caribbean Development Bank (CDB) is seeking to recruit a Research Analyst (Economics) in the Economics Department. The successful candidate will be based at CDB’s headquarters in St. Michael, Barbados.
THE DEPARTMENT
The Economics Department is responsible for formulating Country Engagement Strategies to guide the Bank’s financial and Technical Assistance (TA) operations in the Borrowing Member Countries (BMCs). The Department is also responsible for monitoring and analysing economic, social, and political developments in the BMCs; policy advice and reporting on relevant industrial, social, and environmental sectors; statistical compilation of key macroeconomic, social, and environmental data; design, development, and oversight of internal forecasting and programming models; coordination, preparation, and dissemination of sectoral research; and capacity building in economic management.
KEY RESPONSIBILITIES
The Research Analyst (Economics) will be required to deliver timely, high-quality economic research on issues affecting the Bank’s BMCs and the global economy. He/she will engage in quantitative and qualitative economics research, statistical data and information aggregation, analysis, and economic modelling – with strong emphasis on the forecasting of economic activity (Gross Domestic Product), debt sustainability and fiscal operations within BMCs. The Research Analyst will also be required to prepare policy briefs, research papers, presentations, and speeches, and will also play a role in the assessment of the economic and social risks in CDB’s BMCs.
The responsibilities of the Research Analyst (Economics) include:
- Collecting and processing economic and statistical data using methods of quantitative and qualitative analysis and modelling.
- Compiling, analysing, and reporting data, applying models and statistical techniques to explain economic phenomena, and forecasting trends or patterns that could guide future decisions on important Bank matters, and provide policy advice.
- Maintaining and updating a database of select information for the real sector, government operations, balance of payments, labour market and currencies of CDB’s BMCs.
- Preparing timely tabulations, statistical analyses, and graphical presentations for CDB’s publications produced by the Economics Department and as requested from other Departments.
- Formulating recommendations, policies or plans to solve economic problems.
- Working as part of the Economics team to develop and update macroeconomic models for the Department’s surveillance work.
- Assisting Economists on policy-based loans and country strategy papers.
- Presenting his/her own work and research findings and sharing and disseminating technical knowledge with internal and external audiences through, for example, technical reports or publication of articles.
- Providing background material and research that will assist the Director with policy advice to policymakers.
- Preparing communications from the Economics Department, including policy briefs, presentations, seminars, and speeches.
QUALIFICATIONS
Ideal candidates for this role must have:
- A Master’s degree in Economics, Statistics, or a related field;
- Two (2) years’ relevant work experience
- A strong understanding of development issues
- Knowledge of methodologies in compiling, transforming and presenting data to conduct detailed research and analysis that would form the basis for addressing the root cause of economic problems facing CDB’s BMCs and the global economy.
Function-Specific Competencies
The Research Analyst (Economics) should have:
- The ability to transform raw data into usable statistics to inform presentations, concept notes, and research outputs.
- The ability to engage with diverse audiences and manage messaging to suit the needs of the relevant participants.
- The ability to work independently on sourcing, collating, and tabulating routine economic and social statistics
- The ability to effectively prepare and present clear and concise findings from both quantitative and qualitative statistical analysis.
- The ability to efficiently manage internal and external capacity building sessions and stakeholder discussion.
- Strong project management skills in terms of keeping research projects timely and within budget.
Behavioural Competencies
| Competency | Definition |
| Acting as a Champion for Change | Actively identifies problems and opportunities for change and implements solutions where appropriate. Maintains effectiveness when experiencing major changes in work tasks or the work environment; and supports people in their efforts to try new things. |
| Acting Decisively | Moves quickly to make decisions and commits to a clear course of action; comfortable making decisions based on partial information; willing to take risks in order to maintain momentum; shows a strong bias toward action. |
| Acting Strategically | Aligns day-to-day activities around broader organisational goals and objectives; prioritises resources based on the strategic objectives of the organisation; recognises and rewards people based on how their actions support the broader needs of the organisation. |
| Championing Customer Needs | Calls attention to issues that impact customer satisfaction; views situations from the perspective of customers; encourages people to think about customers when making decisions and develops and sustains productive customer relationships. |
| Communicating Effectively | Consistently communicates with clarity and thoroughness to optimise audience understanding. Communicates information in a clear, concise, and timely manner. Demonstrates effective speaking and presentation skills. |
| Delivering High Quality Work | Critically reviews work processes to ensure quality; addresses problems that could impact quality; makes sure project deliverables and services meet all requirements and expectations; does not make the same mistakes twice. |
| Displaying Technical Expertise | Keeps his/her technical skills current; effectively applies specialised knowledge and skills to perform work tasks; understands and masters the technical skills, knowledge, and tasks associated with his/her job; shares technical expertise with others. |
| Driving for Results | Bottom-line oriented and pushes self and others to achieve results. Keeps current on project status; makes sure people are aware of project status and what they need to do to keep things moving; redirects project resources and activities to overcome setbacks; elevates project concerns to senior levels of leadership when appropriate. |
TERMS OF APPOINTMENT
This is a full-time position with the successful candidate being contracted on a two-year basis, in the first instance, and with the possibility of renewal. Salary is competitive and commensurate with qualifications and experience. A pension plan, life and medical insurances are included in the benefits package.
Before you proceed to apply, please consider the following requirements:
- You must be a national of one of CDB’s member countries.
- You will be required to produce evidence of any educational and professional qualifications to support your application if you are selected for an interview.
- All appointments are subject to satisfactory background checks and references.
CDB fully respects the need for confidentiality of information supplied and assures you that your background and interest will not be discussed with anyone, including references, without your prior consent.
The deadline for submission of applications is May 16, 2022 at 11:59 pm AST.
The Caribbean Development Bank is an equal opportunity employer and values diversity. We encourage all qualified candidates to apply regardless of their racial, ethnic, religious, cultural background, gender, sexual orientation, or disabilities. Women are strongly encouraged to apply.
The Bank provides reasonable accommodation to individuals with disabilities who participate in the job application or interview process. Please contact us to request such accommodation.