Senior Financial Sector Expert

Job Posting Organization:
The International Monetary Fund (IMF) is a global organization established in 1944 with the mission to promote international monetary cooperation, facilitate balanced growth of international trade, and provide resources to member countries in need. The IMF has a diverse workforce of over 2,700 employees from around the world, operating in 190 countries. The organization plays a crucial role in maintaining global financial stability and providing policy advice, financial assistance, and technical assistance to its member countries.

Job Overview:
The position of Senior Financial Sector Expert in the Payments, Currencies, and Infrastructure division of the IMF's Monetary and Capital Markets Department (MCM) is pivotal in addressing the evolving landscape of payments and payment infrastructures. This role involves engaging with member countries to provide technical assistance and surveillance, focusing on the regulation, supervision, and risk management of payment systems. The successful candidate will be expected to contribute to the IMF's analytical work, particularly in relation to financial stability and the integration of digital innovations in payment systems. The position requires a proactive approach to collaboration with external stakeholders and international bodies, ensuring that the IMF remains at the forefront of developments in the financial sector.

Duties and Responsibilities:
The Senior Financial Sector Expert will be responsible for leading and contributing to technical assistance missions to member countries, focusing on the regulation and supervision of payment infrastructures. This includes assessing cross-border payment systems and providing innovative solutions to improve these systems. The expert will also lead bilateral surveillance missions, such as Financial Sector Assessment Programs (FSAPs) and Article IV missions, with an emphasis on evaluating payment infrastructures. Additionally, the role involves conducting policy-relevant analytical work that addresses financial stability concerns, particularly in light of digital innovations. The expert will participate in international working groups and contribute to the division's discussions, fostering interactions with the private sector and enhancing outreach efforts.

Required Qualifications:
Candidates must possess an advanced degree in Economics, Finance, or a related field. A minimum of four years of relevant experience is required, demonstrating progressively more responsibility in the area of payments, particularly in overseeing and developing payment infrastructures. The ideal candidate will have a proven track record of impactful policy advice and publications, showcasing strong analytical skills and a deep understanding of international standards and regulatory frameworks. Experience in leading projects and drafting policy papers is essential, along with familiarity with the work of international standard-setting bodies such as the Committee on Payments and Market Infrastructures (CPMI).

Educational Background:
An advanced degree in Economics, Finance, or a related field is mandatory for this position. This educational background is crucial for understanding the complexities of financial systems and the regulatory environment surrounding payment infrastructures.

Experience:
The position requires at least four years of relevant experience, with a focus on payments and payment infrastructures. Candidates should demonstrate progressively more responsibility in their previous roles, showcasing their ability to oversee, supervise, and assess payment systems. Experience working with or in central banks, international bodies, or standard-setting organizations is highly preferred, as is experience in providing technical assistance and conducting bilateral surveillance.

Languages:
Proficiency in English is mandatory, as it is the working language of the IMF. Knowledge of additional languages may be considered an asset, particularly if it enhances communication with member countries and stakeholders.

Additional Notes:
This is a contractual appointment for two years, with the possibility of extension up to a maximum of four years, contingent on budget availability and satisfactory performance. The position is classified under the A11 to A14 levels, 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 are available during the selection process.