Job Title: Financial Statistics Specialist
FINANCIAL STATISTICS SPECIALIST
(1 POST) – REF: EAC/HR/2012/41 )
Reports to: Regional Financial Policy Advisor, Sectoral Analysis
Duration of Contract: 2 years Fixed Term (Non-Established)
Station: East African Community (EAC) Headquarters,
1.0 MAIN PURPOSE OF THE POSITION
The overall objective of the position is to collect and organize harmonized financial sector statistics
aimed at enhancing the availability of timely, reliable, comprehensive and comparable financial
data. Analysis of this data will inform the development of policy and reform initiatives required for
achievement of an integrated market for financial services.
1.1 SCOPE OF THE WORK
THE FINANCIAL STATISTICS SPECIALIST’S RESPONSIBILITIES WILL INCLUDE:
1. Review and appraise the existing frameworks on compilation of harmonized Financial
Soundness indicators (FSI), Financial Statistics (MFS) and statistics necessary for the
development of policies in the banking, pensions, insurance and securities subsectors sectors
among the EAC Partner States.
2. Review and harmonize concepts/definitions, processes and methodologies for designing,
and compilation of the financial sector statistics, including monetary and financial statistics
and Financial Soundness indicators for the region.
3. Create a framework for the generation of regional aggregates where necessary for the above
mentioned sectors together, with Micro-Finance Institution and other Financial Sector
Institutions and validate it in consultation with the relevant partner state institutions.
4. Develop a framework for ensuring compliance to regionally harmonized compilation
practices and the associated institutional arrangements.
5. In liaison with other statistics specialists in the department of planning, facilitate the
adoption by Partner States of the manuals necessary for generation of financial soundness
indicators following the Basle Committee guidelines and other relevant manuals for
compilation of statistics, relating to the capital markets, pensions and insurance sectors.
6. Compile and analyse data relating to formal and informal cross- border financial flows
between EAC member states.
7. Build capacities of Central Banks, Capital Markets Agencies, National Statistics Offices,
Pensions, insurance and other players in the financial sector in compilation of regionally
harmonized statistical data, relating to both formal and informal financial flows.
8. Facilitate the creation of a platform for comprehensive exchange of experiences and sharing
the regional capacities, relating to statistical data collection and analysis, among EAC
9. Provide technical backstopping to Partner States at various stages of compilation of
financial sector statistics.
10. Identify challenges in the harmonization process and suggest policy options.
THE FINANCIAL STATISTICS SPECIALIST WILL DELIVER THE FOLLOWING:-
i. Comprehensive strategy and policy options for compilation of reliable financial sector
ii. Harmonized definitions, concepts, methods and tools for compilation of financial sector
statistics and create a mechanism for their adoption by the national experts in the EAC
iii. Standardized reporting formats based on the international manuals and best practices.
iv. Regional manual and relevant documents on compilation of statistics necessary for policy
formulation in the financial sector.
v. Establish the EAC financial statistics database to facilitate surveillance for financial stability
vi. Quarterly progress reports on harmonization of financial sector statistics.
vii. Half yearly reports analysing regional financial flows and where appropriate extract
recommendations for policy or reform interventions.
QUALIFICATIONS AND EXPERIENCE:
Applicant should have a Master’s degree in Statistics or Economics or any relevant area, with bias
in Financial Economics from a recognized University/ institution. Holders of PhD in the relevant
areas will have an added advantage.
At least ten (10) years demonstrated working experience in compilation or interpretation of
financial sector statistics in a National, Regional or International organization such as Central Bank,
Statistics Office, capital markets, Insurance and Pensions Sector or any relevant financial sector
institution. Four of the above years should have been at a senior level.
SKILLS AND COMPETENCIES
Strong familiarity with relevant statistical software such as Stata and SPSS Knowledge of the
financial sector statistics requirements necessary for development of policies relevant for ensuring
financial stability. Ability to conduct independent research. Demonstrated knowledge of the East
African region. Effective communication, presentation, computer, conceptual, analytical and
writing skills. Working experience in a multi-cultural and multinational environment is an added
advantage. Leadership, team- building and people management skills. Fluent in both written and
TERMS AND CONDITIONS OF SERVICE
This post is a non-established EAC-FSDRP project position, supported by donor funds.
Contract terms are limited to the period of the project (i.e. March 2014). Renewal is possible
subject to extension of the funding and individual staff’s performance. Attractive
consolidated remuneration packages for fixed contract positions will be paid in accordance
with the EAC-FSDRP budget.
HOW TO APPLY
Suitably qualified candidates should submit their applications quoting the reference number of the
position applied for, by registered mail, courier service, e-mail (all soft copies should be in MS
Word) or dispatch together with Curriculum Vitae, copies of both academic and professional
certificates and testimonials, names and addresses of three referees, and day time telephone/cell
phone contact details to:
The Secretary General
East African Community
Arusha International Conference Centre
5th Floor, Kilimanjaro Wing
P.O. Box 1096
Arusha - Tanzania.
Fax No: 007 27 2502455/2504481
To be received not later than October 15th 2012
Deadline: 15th Oct 2012