About Company
National Commercial Bank Jamaica Limited (NCB) is the largest financial group in Jamaica, dedicated to driving the economic prosperity of our nation and its people. For over 180 years, NCB has been at the forefront of innovation, delivering comprehensive banking, wealth management, and insurance solutions. Our mission extends beyond financial services; we are deeply committed to understanding and shaping Jamaica’s economic future, investing in sustainable growth, and fostering a resilient financial landscape. As a leader in the Caribbean financial sector, we pride ourselves on our deep market insights, robust analytical capabilities, and a culture that champions excellence, integrity, and community development. Join us in shaping the future of finance and positively impacting lives across Jamaica.
Job Description
Are you a highly analytical and strategic thinker with a passion for economic analysis and financial planning? National Commercial Bank Jamaica Limited (NCB) is seeking a talented and dedicated Economist to join our dynamic team in Fellowship, Port Antonio. In this critical role, you will be instrumental in providing in-depth economic insights and forecasts that directly inform our strategic planning, financial product development, and risk management initiatives. You will monitor global and local economic trends, interpret complex data sets, and translate your findings into actionable recommendations for senior leadership and various business units across the bank.
This position offers a unique opportunity to contribute significantly to NCB’s strategic direction and Jamaica’s economic growth. You will be responsible for developing sophisticated economic models, conducting rigorous quantitative and qualitative research, and preparing comprehensive reports that explain economic phenomena and predict future market conditions. The ideal candidate will possess a strong foundation in macroeconomic theory, econometrics, and financial markets, coupled with an ability to communicate complex ideas clearly and persuasively to both technical and non-technical audiences. If you thrive in a challenging, fast-paced environment and are eager to apply your economic expertise to real-world financial strategy, we encourage you to apply and become a key player in our mission to empower Jamaica’s economic future.
Key Responsibilities
- Conduct comprehensive economic research and analysis on local, regional, and international macroeconomic trends, interest rates, inflation, and fiscal policies.
- Develop and maintain robust econometric models for forecasting key economic variables and their impact on NCB's financial performance and strategic objectives.
- Prepare detailed economic reports, presentations, and policy briefs for senior management, offering insights and actionable recommendations for business planning and decision-making.
- Collaborate with various departments, including Corporate Strategy, Treasury, and Risk Management, to integrate economic analysis into their functional areas.
- Monitor financial markets and identify potential risks and opportunities arising from economic developments.
- Evaluate the economic impact of new financial products, services, and regulatory changes.
- Present findings and economic outlooks to internal stakeholders and, on occasion, external partners or public forums.
Required Skills
- Master's degree in Economics, Finance, or a related quantitative field.
- Minimum of 4 years of experience in economic analysis, forecasting, or financial modeling, preferably within the financial services sector or a central bank.
- Proven proficiency in statistical and econometric software (e.g., EViews, Stata, R, Python).
- Strong understanding of macroeconomic theory, monetary policy, and financial market dynamics.
- Exceptional analytical, problem-solving, and critical thinking skills.
- Excellent written and verbal communication skills, with the ability to articulate complex economic concepts clearly.
- Ability to work independently and collaboratively in a fast-paced, data-driven environment.
Preferred Qualifications
- PhD in Economics or a related field.
- Experience with financial risk modeling and stress testing.
- Familiarity with the Jamaican and Caribbean economic landscape.
- Advanced skills in data visualization tools (e.g., Tableau, Power BI).
Perks & Benefits
- Competitive salary package and performance-based incentives.
- Comprehensive health, dental, and vision insurance coverage.
- Generous paid time off and holiday schedule.
- Robust retirement savings plan.
- Opportunities for professional development, training, and continuous learning.
- Employee wellness programs and support services.
- Access to a dynamic and collaborative work environment focused on innovation and growth.
How to Apply
Interested candidates are invited to submit their application, including a detailed resume and cover letter outlining their qualifications and experience. Please click on the application link below to apply for this exciting opportunity at National Commercial Bank Jamaica Limited.