Expert on Capital Flow Management and Liberalization

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 more than 190 countries. The organization provides financial assistance, policy advice, and technical assistance to its member countries, aiming to foster economic cooperation and stability.

Job Overview:
The position is situated within the Capital Flows Unit of the Monetary and Capital Markets Department (MCM) at the IMF. The selected candidate will be responsible for contributing to the unit's work on capital flow policies, exchange restrictions, and multiple currency practices. This role involves engaging with country authorities and other IMF departments to deliver policy analysis, technical assistance, and surveillance products. The expert will play a crucial role in producing the Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER), which includes drafting the overview chapter and providing guidance on capital flow policies and their macroeconomic and financial implications. The position requires a proactive approach to conducting analytical work, preparing reports, and maintaining a comprehensive database, while also necessitating travel for country assignments and interactions with various stakeholders.

Duties and Responsibilities:
The duties and responsibilities of the position include:

• Contributing to the production of the AREAER, including drafting and reviewing chapters.
• Providing expert guidance on capital flow policies and their macroeconomic and financial effects.
• Engaging with country authorities and other IMF departments to deliver policy analysis and technical assistance.
• Conducting reviews of country and policy papers, and drafting briefings for senior officials.
• Maintaining and updating databases related to capital flows and foreign exchange regulations.
• Analyzing short-term policy questions and preparing reports on findings.
• Traveling to member countries for assignments and consultations.
• Collaborating with international organizations on relevant projects and initiatives.

Required Qualifications:
Candidates must possess an advanced university degree, preferably a Ph.D., in economics, finance, or a related field. Additionally, at least four years of progressively responsible professional experience in designing, implementing, and dismantling foreign exchange regulations, including capital controls, is required. A strong understanding of the interplay between foreign exchange regulation, external sector stability, and financial stability is essential. Candidates should also demonstrate knowledge of managing foreign exchange systems in restrictive environments, the removal of foreign exchange controls, and the applicable international agreements governing capital transactions.

Educational Background:
The educational background required for this position includes an advanced degree in economics, finance, or a closely related field. A Ph.D. is preferred, indicating a high level of expertise and research capability in the relevant areas of study.

Experience:
The position requires a minimum of four years of increasingly responsible professional experience in the field of foreign exchange regulation and capital flow management. Candidates should have a proven track record of working on policy design and implementation, as well as experience in analyzing the impacts of capital controls and foreign exchange interventions.

Languages:
Fluency in spoken and written English is mandatory for this position. The ability to communicate complex ideas clearly and effectively is crucial. While not mandatory, proficiency in additional languages may be considered an asset, particularly for roles involving international collaboration.

Additional Notes:
This is a two-year contractual appointment at the IMF, with the possibility of renewal for up to four years based on performance, budget availability, and ongoing business needs. The position is classified at levels A11 to A14, indicating a seniority level that requires significant expertise and experience. The IMF is committed to diversity and inclusion, ensuring that employment decisions are made without discrimination. Reasonable accommodations for disabilities during the selection process are available upon request.