Resident Advisor on Banking Sector Regulation and Supervision

Job Posting Organization:
The International Monetary Fund (IMF) is a global organization established to promote international monetary cooperation, facilitate sustainable economic growth, and reduce poverty around the world. Founded in 1944, the IMF has a mission to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty. The organization operates in 190 countries and employs over 2,700 staff members from diverse backgrounds, reflecting a wide range of expertise in economics, finance, and public policy. The IMF's work is crucial in providing financial assistance and advice to member countries, helping them to stabilize their economies and implement effective policies.

Job Overview:
The position of Resident Advisor on Banking Sector Regulation and Supervision at the IMF's Monetary and Capital Markets Department (MCM) involves providing expert guidance and support to the Commission de Supervision Bancaire et Financière (CSBF) in Madagascar. The advisor will play a critical role in the implementation of the Basel I framework and risk-based supervision, ensuring that these standards are adapted to the local context. This role requires a strong focus on capacity development, as the advisor will work closely with local authorities to enhance the quality of supervisory data, improve bank risk assessments, and strengthen the corrective action framework. The advisor will also coordinate with the IMF's regional technical assistance center, AFRITAC South, to ensure that the support provided is aligned with the broader goals of financial stability and effective supervision in the region.

Duties and Responsibilities:
The duties and responsibilities of the Resident Advisor include:

• Preparing a comprehensive banking sector regulation and supervision workplan in consultation with the MCMFR back-stopper, the country Technical Assistance (TA) Manager, and local authorities.
• Managing and delivering the workplan while ensuring that all activities are proportionate to the size and complexity of Madagascar's financial system.
• Organizing and conducting training sessions, workshops, and seminars aimed at building capacity in financial sector supervision, including practical know-how for CSBF staff.
• Coordinating activities with the Resident Advisor on financial sector supervision at AFS, other IMF staff, donor-partners, and experts from other capacity development providers.
• Preparing results frameworks (logframes) to ensure that the technical assistance aligns with the Fund’s Results-Based Management (RBM) framework, and discussing expected outcomes and milestones with local authorities.
• Utilizing the Capacity Development Management and Administration Program (CDMAP) system to track and update the results of technical assistance provided.

Required Qualifications:
The ideal candidate for this position should possess the following qualifications:

• A minimum of seven (7) years of relevant experience in banking supervision and regulation, primarily gained in a central bank or an official financial supervisory agency.
• A deep understanding of international banking standards and a proven ability to adapt and implement these standards within national supervisory frameworks.
• Strong analytical and problem-solving skills, along with sound judgment and initiative.
• Excellent oral and written communication skills in French (native or equivalent), with a good working level of English, particularly in presentational contexts related to training activities.
• Exceptional interpersonal skills, enabling effective collaboration with senior policymakers and stakeholders in a multicultural environment.
• Proven organizational and time-management skills to handle complex workloads and deliver results while managing competing priorities.

Educational Background:
Candidates must hold a degree in economics, finance, accounting, or a related field. This educational background is essential to understand the complexities of banking regulation and supervision, as well as to engage effectively with financial data and economic analysis.

Experience:
Candidates should have at least seven years of relevant experience in banking supervision and regulation. This experience should ideally be acquired in a central bank or an official financial supervisory agency, providing the candidate with a solid foundation in the principles and practices of banking oversight.

Languages:
Fluency in French is mandatory, as it is the primary language of communication in Madagascar. Candidates should also have at least a good working level of English, which is important for training-related activities and collaboration with international stakeholders.

Additional Notes:
This position is a one-year contractual role, with the possibility of extension for up to two additional years, contingent upon budget availability and satisfactory performance. The compensation and benefits for this position will be competitive and commensurate with the successful candidate’s skills and experience. The IMF is committed to diversity and inclusion in its workforce and welcomes requests for reasonable accommodations for disabilities during the selection process.