Financial Sector Expert/Senior Financial Sector Expert

Job Posting Organization:
The International Monetary Fund (IMF) is an international organization established in 1944 with the mission to promote global economic stability and growth. The IMF has a diverse workforce of over 2,700 employees from around the world, operating in 190 countries. The organization provides financial assistance, policy advice, and technical assistance to its member countries, focusing on fostering economic stability and reducing poverty.

Job Overview:
The Financial Sector Expert/Senior Financial Sector Expert position is situated within the Monetary and Capital Markets (MCM) Department, specifically in the Financial Crisis Preparedness and Management (FC) Division. The role involves providing policy and technical support on financial sector restructuring for program countries, ensuring consistency in MCM policy positions, and leading the review of documents related to crisis and near-crisis countries. The expert will coordinate MCM's participation in Fund-wide policies regarding program conditionality and the use of Fund resources. Additionally, the position requires assessing the effectiveness of financial sector resolution frameworks and enhancing crisis preparedness, particularly in vulnerable countries. The expert will also provide advice on financial crisis management measures, develop policy positions on contingency planning and resolution of financial institutions, and offer technical assistance and capacity building on financial crisis preparedness and management. The selected candidate will work collaboratively within a team of experienced financial sector experts, participating in various programs and projects related to financial crisis management.

Duties and Responsibilities:
The duties and responsibilities of the Financial Sector Expert/Senior Financial Sector Expert include:

• Providing policy and technical support on financial sector restructuring for program countries.
• Leading the MCM review of documents concerning crisis and near-crisis countries.
• Coordinating MCM's participation in Fund-wide policies related to program conditionality and the use of Fund resources.
• Assessing the effectiveness of financial sector resolution and safety nets frameworks.
• Strengthening crisis preparedness in vulnerable countries through direct engagement and collaboration with Area Departments.
• Advising on financial crisis management measures, including crisis containment and management of distressed financial assets.
• Developing and disseminating policy positions on contingency planning and resolution of financial institutions.
• Providing technical assistance and capacity building on financial crisis preparedness and management.
• Liaising with standards-setting bodies and international organizations on relevant topics. 1
• Participating in UFR and near-crisis country work, the Financial Sector Assessment Program, and technical assistance missions.

Required Qualifications:
The ideal candidate for this position must possess an advanced academic degree in business administration, economics, finance, law, or related fields. Additionally, the candidate should have at least 4 years of relevant professional work experience, particularly in areas related to financial sector restructuring and crisis management. Experience in firm-specific corrective action and resolution, including the diagnosis and restructuring of problem banks, is essential. The candidate should also have exposure to the management of system-wide financial distress and demonstrate creativity, initiative, sound judgment, and excellent teamwork and negotiation skills. Strong oral and written communication skills are also required.

Educational Background:
Candidates must have an advanced academic degree in business administration, economics, finance, law, or related fields. This educational background is crucial for understanding the complexities of financial systems and the economic principles that govern them, which are essential for the role of Financial Sector Expert/Senior Financial Sector Expert.

Experience:
The position requires a minimum of 4 years of relevant professional work experience. This experience should ideally include work in financial sector restructuring, crisis management, and the development of policy frameworks for dealing with failing financial institutions. Candidates should have a proven track record of managing system-wide financial distress and implementing corrective actions in financial institutions.

Languages:
While the job posting does not specify mandatory languages, proficiency in English is essential given the international nature of the IMF and its operations. Additional languages may be beneficial but are not explicitly required.

Additional Notes:
The position is classified under the A11, A12, A13, A14 hiring levels within the IMF. The organization is committed to diversity and inclusion, ensuring that employment decisions are made without discrimination. The IMF welcomes requests for reasonable accommodations for disabilities during the selection process, and information on how to request accommodations will be provided during the application process.