Work for the IMF. Work for the World.
The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) has a contractual HQTA vacancy in the Financial Sector Assessment and Policies (FS) Division for an experienced expert with outstanding skills in risk analysis, stress testing, and financial stability/systemic risk analytics. The expert will be based in the IMF's headquarters in Washington, D.C.
The FS division has four main roles: (1) managing and reviewing the Financial Sector Assessment Program (FSAP), including its financial stability risk assessment; (2) developing FSAP policies and instruments, including integrating
the FSAP with other financial surveillance; (3) developing, applying, and evaluating analytical tools for financial stability assessment (including stress testing, macroeconomic models with financial sector, household and corporate vulnerability analysis with micro data, interconnectedness, spillover analysis, and other macro-financial analyses); and (4) disseminating the analytical tools to internal and external audiences through technical assistance, technical cooperation, and teaching.
The selected candidate is expected to join FSAPs as a stress tester (or mission leader) and play an active role in the Division’s analytical agenda, often through FSAP work. The agenda includes (a) developing, improving, and applying stress testing and systemic risk assessment tools for FSAPs; (b) developing tools for assessment of emerging issues, such risks from NBFIs and market finance; and (c) strengthening system-wide risk analysis addressing bank-NBFI, NBFI-NBFI interconnectedness and risks from cross-border financial flows using transaction-level or other micro-level data. In addition, he/she would be expected to contribute to the Division’s regular review work largely for FSAPs, as well as support the Division-wide projects such as producing board papers. The work will involve active collaboration with specialists inside and outside the Fund, interactions with senior staff and country authorities and participation in technical assistance and teaching in quantitative risk assessment.
Qualifications
The successful candidate should possess an advanced university degree (Ph.D. preferred) in economics, finance, or a related field. with at least four years of relevant experience. We are in search of a motivated, innovative candidate, familiar with or capable of learning technical work on assessing financial stability. Specifically, we are looking for someone comfortable with econometric modeling (e.g., panel regressions and structural vector autoregressions). Capacity to code in some quantitative modeling software, such as MATLAB, R, Python, and Stata, and/or adopt advanced AI tools for risk analysis would be desirable. The candidate should be able to keep up to date on policy analysis and research in the fast-growing field of quantitative financial stability analysis. The candidate must be a team player, with demonstrated capacity to deliver under tight deadlines as well as strong oral and written communication skills.
This is a two-year contractual appointment. Contractual appointments at the IMF are renewable for up to four years of cumulative contractual service, pending incumbent's performance, budget availability, and continuous business need.
Department:
MCMFS Monetary and Capital Markets Dept. Fin Sector Assessments & PoliciesHiring For:
A11, A12, A13, A14The IMF is guided by the principle that the employment, classification, promotion, and assignment of staff shall be made without discrimination against any person. We welcome requests for reasonable accommodations for disabilities during the selection process. Information on how to request accommodations will be provided during the application process.
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The International Monetary Fund has a key position in promoting the health of the world economy. Established in 1944 as a part of the United Nations system, the IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to buy goods and services from each other. This is essential for sustainable economic growth and rising living standards. To maintain stability and prevent crises in the international monetary system, the IMF conducts surveillance of national, regional, and global economic and financial developments. It provides advice to its 190 member countries, encouraging them to adopt policies that foster economic stability, reduce their vulnerability to economic and financial crises, and raise living standards. The IMF also serves as a forum where its global membership can discuss the national, regional, and global consequences of their policies. The IMF makes financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange to meet their payments to other countries. Finally, the IMF provides countries with training to help them build the expertise and institutions they need for economic stability and growth. Supporting all of these activities is the institution's work in economic research and statistics
