Resident Advisor in Financial Sector Regulation and Supervision

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 grown to include 190 member countries. The organization employs over 2,700 staff members and operates in various regions, providing financial assistance, policy advice, and technical assistance to its member countries. The Monetary and Capital Markets (MCM) Department specifically focuses on enhancing the stability and efficiency of financial systems globally, and the Caribbean Regional Technical Assistance Center (CARTAC) is a key initiative under this department, aimed at strengthening financial sector regulation and supervision in the Caribbean region.

Job Overview:
The position of Resident Advisor in Financial Sector Regulation and Supervision at the IMF Caribbean Regional Technical Assistance Center (CARTAC) involves providing expert guidance and support to member countries in the Caribbean to enhance their financial sector regulation and supervision capabilities. The advisor will work closely with local authorities and stakeholders to develop and implement effective regulatory frameworks, focusing primarily on banks but also extending to non-bank financial institutions, securities, insurance providers, and emerging digital financial service providers. This role requires a proactive approach to capacity development, including the delivery of technical assistance and training programs tailored to the specific needs of the member countries. The advisor will be expected to coordinate with the MCM Department and other experts to ensure that the assistance provided aligns with international standards and best practices. The position is a long-term contractual assignment, with an initial term of twelve months and the possibility of extension based on performance and funding availability. The expected starting date for this position is October 2026.

Duties and Responsibilities:
The resident advisor will have a comprehensive set of duties and responsibilities, including responding to capacity development requests from CARTAC member countries, leading and organizing training sessions, coordinating with the MCM Department on technical assistance requests, managing the delivery of technical assistance on financial sector regulation and supervision, preparing necessary documentation for internal review, evaluating the status of financial sector regulation, making recommendations for improvements, supporting the implementation of the Basel Framework and other international standards, advising on licensing systems and supervisory cooperation, conducting workshops and seminars, and ensuring compliance with IMF policies. The advisor will also be responsible for leading annual work planning and budgeting for the capacity development program and keeping stakeholders informed of major developments in the region.

Required Qualifications:
Candidates for this position must possess a minimum of seven years of experience working in a financial sector supervisory agency, demonstrating a deep understanding of international standards for banking regulation and supervision. Experience in delivering technical assistance in this field is considered an advantage. The successful candidate should exhibit creativity and initiative, possess excellent interpersonal skills for effective collaboration with senior policymakers and teams, and have strong verbal and written communication skills in English. Organizational and time management skills are essential to balance the demands from member countries with responsibilities from MCM and CARTAC.

Educational Background:
A degree in economics, finance, accounting, or a related field is required for this position. This educational background provides the necessary foundation for understanding complex financial systems and regulatory frameworks, which are critical for the role of a resident advisor in financial sector regulation and supervision.

Experience:
The ideal candidate should have at least seven years of relevant experience in a financial sector supervisory agency, with a proven track record of understanding and implementing international banking regulations and standards. This level of experience is crucial for effectively advising member countries on enhancing their financial sector regulation and supervision capabilities.

Languages:
Fluency in English is mandatory, with strong verbal and written communication skills necessary for training and advisory roles. While English is the primary language required, knowledge of additional languages spoken in the Caribbean region may be considered beneficial but is not mandatory.

Additional Notes:
This position is a long-term contractual assignment with an initial term of twelve months, with the possibility of extension based on performance and funding availability. The role is full-time and involves travel to member countries for capacity development activities. 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.