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Job Description
This role is based in India and as such all normal working days must be carried out in India.
Join us as an Economics Associate
- Are you interested in how the economy influences the banking sector and do you want to build economic scenarios to help decision-makers think about different versions of the future?
- If you have a passion for understanding the risks and opportunities of a rapidly evolving economic landscape, then we want to hear from you
- Join our team that helps the bank to think about different versions of the economic future to help our stakeholders set budgets, manage risk and formulate strategies
- Hone your existing technical expertise and take on a role with great career development potential and the chance to make a real difference for our businessWere offering this role at associate level
As an Economics Associate, we’ll look to you to help the bank better understand external macroeconomic developments and build economic scenarios to support budgeting, stress-testing and provisioning exercises. Your role will involve the mechanics of scenario construction, translating unfolding economic dynamics into usable forecasts as well as assessing the risks around those outcomes.
You’ll bring economics to life for our stakeholders and make economic data and concepts easy to understand. You’ll also produce high quality written materials and present findings to the wider team and key stakeholders.
You’ll also be:
- Analysing UK macroeconomic dynamics to support the development of forecasts and alternative scenarios
- Gathering economic intelligence and developing succinct, compelling economic narratives of how the evolving economic landscape is impacting the bank and its customers
- Determining how key thematic trends, including climate, geopolitics and AI, are shaping the future of our operating environment and the economy
- Developing new and updating existing economic scenarios, using quantitative and qualitative techniques, to support internal exercises, including provisioning, budgeting and stress-testing
- Supporting enrichment of regulatory macroeconomic and market risk scenarios for Bank of England stress tests
- Demonstrating an understanding of the bank’s financial performance and capital position, and how those are influenced by the economy and our in-house economic scenarios
Looking to get Placed? Try our Placement Guarantee Plan
To be successful in this role, you’ll hold a degree in a quantitative discipline such as Economics, Financial Economics, Econometrics, and Finance or Accounting. Experience of working within an economic scenario exercise is desirable but not essential.
On top of this, you’ll need:
- A basic understanding of a banking institution P&L, balance sheet, liquidity and trading book
- Good technical skills such as econometrics, statistics and programming skills such as VBA, SAS, R, Python, Matlab and E-View
- The ability to produce high quality analysis including creating presentations and reports for senior management
- Strong communication skills, both written and verbal, with the ability to present quantitative topics with application to real world developments
- Good stakeholder management skills with the ability to understand customers’ needs
Skills
OptionsIf an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.
About Company
NatWest Group plc, a leading banking and insurance entity headquartered in Edinburgh, Scotland, provides a diverse range of financial services.
This prestigious group encompasses various banking brands, catering to personal and business banking needs, as well as offering services in private banking, investment banking, insurance, and corporate finance. Its prominent subsidiaries in the United Kingdom include National Westminster Bank, Royal Bank of Scotland, NatWest Markets, and Coutts, with the group also responsible for issuing banknotes in Scotland and Northern Ireland.
Historically, before the turmoil of the 2008 financial crisis, NatWest Group had ascended to become the world’s largest bank for a brief duration. It ranked as the second-largest in the UK and Europe, and fifth globally in terms of market capitalisation. However, the crisis led to a dramatic fall in its standings due to a plummeting share price and a significant erosion of confidence, necessitating a bailout through the 2008 United Kingdom bank rescue package. At one point in 2009, it became the largest company globally by assets (£1.9 trillion) and liabilities (£1.8 trillion).
The UK government, which had acquired a majority share as part of the bailout, maintained control until 28 March 2022, with the stake managed by UK Government Investments. Since then, the government has gradually reduced its shareholding through various transactions.
NatWest Group is listed on major stock exchanges, including the London Stock Exchange and the New York Stock Exchange. For those interested in exploring a career with NatWest, the group offers myriad opportunities across its extensive network. Positions are available in various fields, including banking, finance, technology, and customer service, reflecting the company's commitment to innovation and excellence in the financial sector. NatWest Group's career prospects are aimed at individuals seeking to contribute to a dynamic, evolving landscape, emphasizing professional growth and development within a globally recognized banking institution.
Important dates & deadlines?
Application Deadline
25 Jun 24, 12:41 PM IST
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Economics Associate
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