Economist (Macroeconomics) (Based in Beijing, China)

Job Description

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled, and promotes regional connectivity.

The Economics Department is responsible for economic analysis in AIIB—which includes macroeconomic monitoring, analyzing country and sector infrastructure needs, debt sustainability, and project economics—and thought leadership. The department also supports sector and investment strategies in the Bank and produces AIIB’s annual flagship publication, Asian Infrastructure Finance.

The Economist (Macroeconomics) will conduct research and analysis into macroeconomics and development-related issues, as well as provide country coverage to support the activities of the Bank.

The postholder’s key responsibilities include but are not limited to:

• Preparing regular updates and reports on country, regional, and global economic developments.
• Conducting economic analyses and research, independently or in teams, as requested, on macroeconomics, development finance, infrastructure, and other pertinent issues.
• Leading or assisting in the preparation, publishing, and dissemination of AIIB’s analytical reports.
• Researching and preparing background material for senior management’s engagements, including talking points and speeches, on pertinent economic and infrastructure issues.
• Leading or assisting in the organization of workshops, seminars, and roundtables.
• Conducting cost-benefit analysis and undertaking project reviews or other project support work, as required.
• Collaborating with other departments in select projects or tasks.
• Leading or working closely with others on tasks and programs important to the Economics Department, including by engaging internal and external stakeholders (e.g., consultants, think tanks).

• Minimum 5-8 years of relevant work experience in large and reputable international organizations or financial or research institutions. Prior experience in infrastructure and development economics or country analysis will be an advantage.
• A Master’s degree in economics (or equivalent). A doctoral degree in a relevant field in lieu of work experience will also be considered.
• Solid understanding of macroeconomics, such as macroanalysis, debt sustainability, macrofiscal and macrofinancial linkages, and key statistics groups (national accounts, trade, industrial production). Keen interest in the global economy, development finance, and other global issues such as climate change and biodiversity.
• Experience in assessing country macroeconomic policies in a financial institution, credit rating agency, think tank, or international organization. Familiarity with concepts and methods used by major international financial institutions (IMF, World Bank, etc.) will be an advantage.
• Proficiency in common statistical software and data analysis.
• High sense of integrity and accountability.
• Ability to adapt in dynamic environments.
• Demonstrates diligence, intellectual curiosity, a willingness to learn, and the ability to branch out into new areas, along with a collegial spirit, proactive attitude, and the ability to engage and work effectively with others.
• Excellent English communication skills, including writing.

AIIB is committed to diversity, transparency, and inclusion. We believe our strength comes from having a team with the right diverse skills, experiences, and abilities selected through a merit-based competitive process. We actively encourage applications from people from both within and outside AIIB members, regardless of nationality, religion, gender, race, disability, or sexual orientation.

Join in AIIB’s mission to promote sustainable infrastructure investments and to improve social and economic outcomes in Asia and beyond.

Previous experience and qualifications will determine the grade and job title at which successful applicants will enter AIIB.

About the Organization

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.