Resident Advisor in Bank Supervision and Regulation

Job Posting Organization:
The International Monetary Fund (IMF) is a global organization established to promote international monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. The IMF was established in 1944 and has 190 member countries. The organization employs approximately 2,700 staff members and operates in various countries, providing financial assistance and expertise to help nations achieve economic stability and growth.

Job Overview:
The position of Resident Advisor in Bank Supervision and Regulation within the Monetary and Capital Markets (MCM) Department of the IMF is a critical role aimed at supporting the National Bank of Ukraine (NBU) in its transition to risk-based supervision (RBS). This long-term expert assignment is based in Vienna, Austria, with an initial contract term of twelve months, which may be extended up to three years based on performance and funding availability. The advisor will primarily work from Vienna but will also need to conduct regular visits to Kyiv, contingent on security" style="border-bottom: 1px dotted #007bff !important;">security conditions. The role involves providing strategic guidance and technical expertise to the NBU, particularly in the areas of bank regulation and supervision, as the NBU progresses in its RBS transition. The advisor will collaborate closely with the MCM Department of the IMF, ensuring that the NBU receives the necessary support to enhance its supervisory processes and frameworks.

Duties and Responsibilities:
The resident advisor will have a comprehensive set of responsibilities aimed at facilitating the NBU's transition to risk-based supervision. Key duties include: supporting the calibration of Pillar 2 capital add-ons and supervisory cycles; guiding the NBU in its work on the capital stack and the relationship between Pillar 2 components and other capital requirements; strengthening supervisory processes and practices; assisting the NBU in issuing detailed guidance on supervisory risks; enhancing legal and supervisory frameworks to ensure effective application of Pillar 2 measures and other RBS components; improving supervisory staff capacity and fostering an RBS mindset; collaborating with MCM back-stoppers on capacity development planning, including the deployment of short-term experts; updating backstoppers on capacity development delivery; and contributing to periodic assessments required by UCDF donors. The advisor is also expected to adhere to IMF policies and procedures, applying the results-based management (RBM) strategic framework to guide capacity development activities, focusing on performance and achievement of results.

Required Qualifications:
Candidates for this position should possess a robust set of qualifications, including at least fifteen years of experience working in a financial sector supervisory agency or central bank, with a deep understanding of international standards for banking regulation and supervision, as well as experience in their implementation at the national level. Familiarity with the EU prudential framework is considered an advantage. A master's degree in economics, finance, accounting, or a related field is desirable. Additionally, candidates should demonstrate excellent interpersonal skills, enabling effective collaboration with senior policymakers and the donor community, as well as the ability to lead teams of senior experts. Strong verbal and written communication skills in English are essential, particularly for training-related activities. Good organizational and time management skills are also required, along with experience in delivering technical assistance in banking supervision and regulation and advising senior management on supervisory processes and practices.

Educational Background:
The educational background required for this position includes a master's degree in economics, finance, accounting, or a related area. This advanced degree is essential to ensure that the candidate possesses the necessary theoretical knowledge and analytical skills to effectively contribute to the NBU's transition to risk-based supervision and to navigate the complexities of banking regulation and supervision.

Experience:
The ideal candidate should have a minimum of fifteen years of relevant experience in a financial sector supervisory agency or central bank. This extensive experience is crucial for understanding the intricacies of banking regulation and supervision, as well as for effectively implementing international standards at the national level. Experience in delivering technical assistance in the area of banking supervision and regulation is also highly advantageous, as is experience advising senior management on changes related to supervisory processes and practices.

Languages:
Proficiency in English is mandatory for this position, particularly strong verbal and written communication skills, which are essential for effective collaboration and training activities. While English is the primary language required, knowledge of additional languages may be considered beneficial but is not explicitly stated as a requirement.

Additional Notes:
This position is a long-term contractual assignment based in Vienna, with an initial term of twelve months and the possibility of extension based on performance and funding availability. The role may require relocation to Kyiv depending on the security situation and IMF policies regarding field positions. The IMF is committed to non-discrimination in employment and welcomes requests for reasonable accommodations for disabilities during the selection process.