Esmond McLean
St. Catherine,Jamaica
Summary
Experienced Senior Economist trained in quantitative analytical techniques and methodologies. Ability to perform strategic analysis of the market environment to facilitate policy analyses and decision making. Highly self-motivated, team-oriented leader who works well under pressure, and communicates ideas clearly and effectively both orally and written to internal and external stakeholders. Superior planning, prioritizing and organizing skills. Work and lead multi-disciplinary teams which allows for effective functioning in a multi-tasking environment.
Overview
25
25
years of professional experience
Work History
Global Statistical contributions
IMF
Washington DC, USA
01.2020 - Current
- Company Overview: Member of the Current Account task force CATT responsible for the update of BPM6 manual towards the development of BPM7
- Member of the Current Account task force CATT responsible for the update of BPM6 manual towards the development of BPM7
Director, External Sector Statistics
Bank of Jamaica
Kingston, Jamaica
01.2013 - Current
- Serves as lead statistical counterpart for Jamaica regarding External Sector assessment by IMF Statistics and Western Hemisphere Departments
- Serves as Statistical Counterpart for Jamaica regarding any technical assistance by IMF Statistics Division and any external statistics submitted to the IMF Statistics Division on a quarterly basis
- Coordinates the production of all the International Investment Position (IIP), Balance of Payments (BOP), Reserve Data Template (RDT), Remittances and all other outputs of the External Accounts Section and manages the compilation of Jamaica’s external sector statistics is aligned with the international benchmarking standards
- Integrates external accounts into the Bank’s centralized database system to meet the requirements of the Government of Jamaica, International Monetary Fund, World Bank, United Nations, Caribbean Community (CARICOM) and other relevant external users
- Provides leadership and analytical guidance to staff on the compilation and analysis of all external and monetary statistics in particular Remittances, External Debt, Foreign Direct Investment, Portfolio Investment, International reserves, and trade in goods and services
- Provides leadership and analytical guidance to staff in the external sector statistics Section and facilitate staff development
- Coordinates external sector surveys that serve as inputs to Jamaica’s IIP, BOP, External Debt, Remittances, Foreign Direct Investment, Coordinated Direct Investment Survey (CDIS), and Coordinated Portfolio Investment Survey (CPIS)
- Manages ongoing research for the production and improvement in Jamaica’s BOP, IIP and External Debt statistics while supervising the presentation of research work on Jamaica’s external sector and the external debt to the Senior Management of the Bank and at international seminars, conferences and workshops
- Managing the development, design and automation of the Banks' links of macroeconomic databases, survey questionnaires and procedures, data collection operations, data analysis, evaluation and the dissemination of survey results
- Coordinating surveys of credit conditions and other ad-hoc or routine surveys that may arise
- Ensuring the preparation of reports arising from surveys relating to remittances, the BOP, IIP, FOF and credit conditions
- Establishing and maintaining functional relationships with survey respondents in relevant public and private sector companies for cooperation in response to external sector surveys inclusive of communicating with enterprises on information requirements for the production of the international accounts
- Conducting training for sectoral representatives inclusive of Deposit Taking Institutions, Securities Dealers, Insurance Companies, Hotels, Shipping Companies, among others in the completion of external sector surveys
- Liaising with external agencies and data providers such as Ministry of Finance, the Statistical Institute of Jamaica (STATIN), The Customs Agency of Jamaica, Financial Services Commission (FSC), JAMPRO, the Planning Institute of Jamaica (PIOJ), financial and non-financial corporate institutions, other Central Banks, the International Monetary Fund and other multilateral institutions to enhance the flow of data and all relevant information to the Bank
- Collaborating with the Information Systems Department in identifying, acquiring, maintaining and upgrading computer systems/software to support the Division’s statistical and other objectives
- Supervising research projects assigned by the Head, Statistics to enhance the quality of data produced by the Bank
Research Economist / Senior Statistician
Bank of Jamaica
Kingston, Jamaica
08.2007 - 01.2013
- Compilation, analysis and of both the BOP, IIP and External Debt statistics for Jamaica
- Directly responsible for Jamaica’s Current Account with particular responsibility monitoring developments in Remittance flows, Bauxite Industry developments and Tourism flows into Jamaica
- Prepare monthly and quarterly remittance and Statistical updates so as to inform policy– available @ www.boj.org.jm
- Conduct research on strategic issues of monetary policy
- Gained experience in economic policy management and a practical understanding of macro-financial linkages while participating in Economic Policy Committee (EPC) meetings
- Assist with the planning, execution and analysis of Survey data
- Supervise Shamar IIP and Ian – Reserve Template plus summer intern
- Facilitate workshop for high school re banks BOP policy etc
- Manage relationship with internal department & external partners – Statin/ Ministry of Finance / IMF/WB
- Prepare and present at bankers sub committee etc
- Representing the Bank on national committees and working groups, at international seminars, conferences and workshops on external sector statistics production
Senior Statistician, Monetary Statistics Section
Bank of Jamaica
Kingston, Jamaica
01.2000 - 01.2007
- Enforced the employment of quality control measures to ensure the preservation of data integrity and quality with regard to consistency, completeness, accuracy and precision
- Directed and undertook statistical innovation and research, developing additional economic and financial statistics appropriate to the Bank’s economic policy objectives as well as internal and external customer needs
- Trained Statisticians in the methodologies, tools and estimation techniques required for the delivery of outputs and achieving the objectives of the Section, in line with international best practice
- Attended to all matters related to international data standards e.g
- IMF’s Special Data Dissemination Standard, by ensuring compliance with the standard and acting as the IMF Chief Desk Correspondent for the Section
- Oversaw the (i) timely preparation, updating and revision of SDDS metadata and methodological notes for domestic financial and the external sectors (ii) maintained the National Summary Data Page (NSDP) for Jamaica and (iii) updated and published the Advanced Release Calendar (ARC) for Jamaica
Education
Diplôme d'études en langue française (DELF) - Exam for French language proficiency
Alliance Francais de la Jaminique
10.2024
Master of Arts Degree - Adult Education
The MICO College
Kingston, Jamaica01.2015
Master of Science Degree - Monetary Economics and International Trade Policy
University of the West Indies
Mona, Jamaica01.2015
Bachelor of Science - Accounting and Economics
University of the West Indies
Mona, Jamaica01.2014
Successful New Manager Program - Program is designed to assist new managers transition to managerial role while honing leadership skills
Harvard Business Publishing and Knowledge Works Jamaica
01.2014
CARTAC Training in International Trade Statistics: Extended Balance of Payments - Presented at plenary session Compilation Jamaica’s Transition from BPM5 to BPM6, and provided technical advice to member countries present at the conference
CARTAC
Bridgetown, Barbados01.2013
World Bank/CARTAC Training on Extended Balance of Payments in Services EBOPS -
World Bank/CARTAC
Bridgetown, Barbados01.2012
Economic Modelling and Forecasting - This course lectured by Dr. Gene Leon examines advanced forecasting and modelling techniques relevant to economic research
IMF/Bank of Jamaica
01.2011
CARTAC Statistics on Training in International Investment Position - Presented at plenary session on Compilation Jamaica’s compilation of IIP
CARTAC
Bridgetown, Barbados01.2010
Training in Applied Econometrics - This course lectured by Dr. Gene Leon examines cutting edge econometric techniques and their practical applications
IMF/Bank of Jamaica
01.2007
Skills
- Operations Management
References
- Mrs. Myrtle Halsall, Senior Deputy Governor,(retired), Bank of Jamaica, Nethersole Place, Jamaica, 18768176721, Myrtle.halsall@gmail.com
- Dr. Gene Leon, Advisor, AFRITAC, Former Resident Advisor to Jamaica, IMF, HLEON@imf.org
- John Joisce, Senior IMF STA BOP Expert, Retired Senior Economist IMF, Costa Mesa, California, USA, jjoisce@gmail.com
- Dr. Constant Lonkeng Ngouana, Former Resident Advisor to Jamaica, IMF, 1-202-725-2062, CLonkeng@gmail.com, IMF HQ, Washington D.C.
- Mrs. Francien Berry, Economist, IMF, 1-202-623-7000, fberry@imf.org, IMF HQ, Washington D.C.
- Ms. Carol Coy, Director General, Statistical Institute of Jamaica(STATIN), Half Way Tree, Kingston, Jamaica, ccoy@statinja.gov.jm
- Mrs. Louise Brown, Chief Statistician,(Retired), Bank of Jamaica, Nethersole Place, Kingston, Jamaica, louiseangella@yahoo.com
Publications
- Investigating the relationship between Remittances Inflows and Financial Deepening, Bailey Sherene, McLean, Esmond A., 2015, Work in Progress
- Determinants of FDI in Jamaica, Williams Omar, McLean, Esmond A., 2015, Work In Progress
- Investigating the adjustment of trade balances to Exchange Rate Movements: Evidence from Bilateral Trade of Selected Caribbean countries, Wilson Shelly-Ann, McLean, Esmond A., 2014
- An investigation between nutrition and school performance in primary aged children: A multivariate Approach, McLean, Esmond A., 2010
- Recent trends and developments in Remittances Jamaica 2008, McLean, Esmond A., 2008
- Investigating the Market Relationship between Real Estate Activity and Financial Markets: Evidence from Jamaica, McLean, Esmond A., 2006
Timeline
Global Statistical contributions
IMF
01.2020 - Current
Director, External Sector Statistics
Bank of Jamaica
01.2013 - Current
Research Economist / Senior Statistician
Bank of Jamaica
08.2007 - 01.2013
Senior Statistician, Monetary Statistics Section
Bank of Jamaica
01.2000 - 01.2007
Diplôme d'études en langue française (DELF) - Exam for French language proficiency
Alliance Francais de la Jaminique
Master of Arts Degree - Adult Education
The MICO College
Master of Science Degree - Monetary Economics and International Trade Policy
University of the West Indies
Bachelor of Science - Accounting and Economics
University of the West Indies
Successful New Manager Program - Program is designed to assist new managers transition to managerial role while honing leadership skills
Harvard Business Publishing and Knowledge Works Jamaica
CARTAC Training in International Trade Statistics: Extended Balance of Payments - Presented at plenary session Compilation Jamaica’s Transition from BPM5 to BPM6, and provided technical advice to member countries present at the conference
CARTAC
World Bank/CARTAC Training on Extended Balance of Payments in Services EBOPS -
World Bank/CARTAC
Economic Modelling and Forecasting - This course lectured by Dr. Gene Leon examines advanced forecasting and modelling techniques relevant to economic research
IMF/Bank of Jamaica
CARTAC Statistics on Training in International Investment Position - Presented at plenary session on Compilation Jamaica’s compilation of IIP
CARTAC
Training in Applied Econometrics - This course lectured by Dr. Gene Leon examines cutting edge econometric techniques and their practical applications
IMF/Bank of Jamaica
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