Financial Sector Expert/Senior Financial Sector Expert (MCMFC)

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. This vacancy is for a three-year term appointment. 

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. They 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 four 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 negotiating skills along with strong oral and written communication skills.

This vacancy shall be filled by a 3-year Term appointment in accordance with the Fund’s new employment rules that took effect on May 1, 2015. This position requires Review Committee/Senior Review Committee Approval.

All applicants are expected to include a Statement of Interest as an attachment to the application, which may be used in the screening process for this vacancy.

Department:

MCMFC Monetary and Capital Markets Dept. Financial Crisis Preparedness & Mgmt

Hiring For:

A11, A12, A13, A14

The IMF is committed to achieving a diverse staff, including age, creed, culture, disability, educational background, ethnicity, gender, gender expression, nationality, race, religion and beliefs, and sexual orientation. We welcome requests for reasonable accommodations for disabilities during the selection process.