Work for the IMF. Work for the World.
The International Monetary Fund is searching for a Financial Sector Expert/Senior Financial Sector Expert to work in its Monetary and Capital Markets (MCM) Department, Financial Crisis Preparedness and Management (FC) Division.
The main responsibilities of MCMFC are to:
- Provide policy and technical support on financial sector restructuring for program country work, and help ensure the consistency of MCM policy positions, including by taking the lead in MCM review of documents on crisis and near-crisis countries;
- Coordinate MCM participation in Fund-wide policies in the area of program conditionality and use of Fund resources (UFR);
- Assess the effectiveness of financial sector resolution and safety nets frameworks and help strengthen crisis preparedness, directly and through the Area Departments, particularly in vulnerable countries;
- Provide advice on financial crisis management measures, including crisis containment, financial sector restructuring and resolution, and management of distressed financial assets, directly and through the Area Departments;
- Develop and disseminate policy positions in the areas of contingency planning, resolution of financial institutions, financial safety nets, and management of distressed assets;
- Provide technical assistance and capacity building on financial crisis preparedness and management, including the backstopping of external experts; and
- Liaise with standards setting bodies and other international organizations on deposit insurance, managing distressed financial assets, and resolution-related topics, including to develop and assess compliance with international standards.
The Financial Sector Expert/Senior Financial Sector Expert will be responsible for working in a team environment on the development, monitoring, and implementation of policies in the areas of financial crisis contingency planning, financial safety nets, and resolution of financial institutions. She/he will participate in UFR and near-crisis country work, the Financial Sector Assessment Program, technical assistance missions, and work on special projects in relevant areas. The selected candidate will be part of a team of experienced financial sector experts in MCM’s FC Division, reporting to the Division Chief.
Qualifications:
The selected candidate must have an advanced academic degree in business administration, economics, finance, law, or related fields.
In addition, the candidate should:
- Have at least 4 years of relevant professional work experience;
- Have experience in firm-specific corrective action and resolution, including designing and implementing the diagnosis and restructuring of problem banks; or in developing effective policy frameworks for dealing with failing financial institutions;
- Have had exposure to management of system-wide financial distress; and
- Demonstrate creativity, initiative, and sound judgment; and have excellent team work and negotiating skills along with strong oral and written communication skills.
Department:
MCMFC Monetary and Capital Markets Dept. Financial Crisis Preparedness & Mgmt
Hiring For:
A11, A12, A13, A14
The 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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What We Do
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
