Assistant Director – Domestic Debt

Job Specification:

• Assist Director Domestic Debt in Domestic Debt Plan Issuance and Auctions.
• Analyse Debt Portfolio, Issuance Strategy and provide strategic input to optimize cost and risk in the borrowing program.
• Monitor participation trends, cut-off movements, and ensure adherence to quarterly auction calendars.
• Coordinate with all Internal and external stakeholders.
• Drafting and periodic updating of Pakistan’s MTDS in line with fiscal and monetary policy coordination.
• Assist RMU Team in Annual Borrowing Plans and Debt Bulletin.
• Conduct quantitative debt sustainability and cost-risk analyses using MTDS tool and other risk management models.
• Ensure that the strategy aligns with key objectives such as extending Average Time to Maturity (ATM) and reducing interest rate risk.
• Provide input on initiatives to improve secondary market liquidity, including exchange-based trading and settlement reforms.
• Coordinate with SBP, PSX, CDNS, and other stakeholders to expand investor base and promote transparency.
• Ensure alignment of domestic debt strategy with broader fiscal frameworks and International best practices.
• Perform other tasks as delegated by the Director / DG Debt / Advisor Debt or required under the Fiscal Responsibility and Debt Limitation Act, 2005.

Educational Qualification:

• Minimum 16 years of education / Master’s degree in Finance, Economics, or a related field from an HEC-recognized or internationally reputable institution; OR
• Any one of the following professional qualifications:

o Chartered Financial Analyst (CFA) Charter-holder
o FRM

Experience Requirement:

• The candidate should have a minimum of 7 years of hands-on experience in managing investment portfolios. Experience in trading fixed-income instruments, including T-bills, PIBs, Sukuk, and corporate bonds, is essential.

Skills Requirement:

• Proficient in investment analysis, particularly in assessing government securities, yield curves, and market trends.
• Ability to do risk–return evaluation and portfolio optimization.
• Expertise in Asset and Liability Management (ALM), including duration analysis and cash-flow forecasting.
• Understanding of the interlinkages between debt management, monetary policy, cash management, and fiscal operations.
• Practical experience with relevant IT systems and financial platforms (e.g., Bloomberg, Reuters, Excel, Advanced Excel, VBA Capability).
• Excellent command of written and spoken English and Urdu, with strong drafting and analytical capabilities.
• Ability to work collaboratively, deliver under tight timelines, and support senior management with high-quality analysis and documentation.