Resident Monetary and Foreign Exchange Operations Advisor

Job Posting Organization:
The International Monetary Fund (IMF) is a global organization established to promote international monetary cooperation, facilitate balanced growth of international trade, and provide resources to member countries in need of financial assistance. The IMF was founded in 1944 and has grown to include 190 member countries. The organization operates with a mission to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. The IMF's East Africa Regional Technical Assistance Center (AFRITAC East) is based in Dar es Salaam, Tanzania, and supports the economic and policymaking capacity of its eight member countries, which include Eritrea, Ethiopia, Kenya, Malawi, Rwanda, South Sudan, Tanzania, and Uganda, as well as the East African Community (EAC).

Job Overview:
The Resident Monetary and Foreign Exchange Operations Advisor position is a long-term expert assignment based in Dar es Salaam, Tanzania, with an initial contract of 12 months and the potential for extension up to three to five years, depending on performance and funding availability. The advisor will be responsible for delivering training and technical assistance (TA) in various aspects of central bank governance, monetary policy implementation, foreign exchange operations, and central bank liquidity backstops. The advisor will work closely with the IMF’s Monetary and Capital Markets Department (MCM) and the AFRITAC East to enhance the capacity of central banks in the region. The role requires a proactive approach to developing and managing work plans, ensuring the integration of TA with training, and contributing to the operational work and governance of AFRITAC East. The advisor will also be expected to engage with other IMF and non-IMF capacity development providers to maximize the impact of TA activities.

Duties and Responsibilities:
The duties and responsibilities of the Resident Monetary and Foreign Exchange Operations Advisor include: delivering technical assistance on governance, accounting, and central bank financial reporting; facilitating workshops and seminars for member-country officials; preparing medium-term work plans in collaboration with country authorities; managing administrative aspects of TA delivery, including budgetary and logistical arrangements; preparing required documents for internal review and approval; liaising with other advisors and capacity development providers to ensure complementarity; and contributing to the operational work and visibility of AFRITAC East. The advisor will also be responsible for ensuring that the training and TA provided are aligned with international standards and best practices, and for maintaining effective relationships with senior government officials and other stakeholders.

Required Qualifications:
The successful candidate for this position should possess at least five years of experience working in a central bank, demonstrating a deep understanding of international standards and good practices for monetary and foreign exchange market operations. The candidate should have a graduate degree in economics, finance, accounting, or a related field. Strong oral and written communication skills in English are essential, along with excellent drafting and reporting abilities. The candidate should also exhibit strong interpersonal skills, the ability to work collaboratively as part of a team, and the capacity to handle sensitive issues with discretion in a multicultural environment. Proficiency in modern computer systems and applications, including AI, is also required.

Educational Background:
Candidates must hold a graduate degree in economics, finance, accounting, or a related area. This educational background is crucial for understanding the complexities of monetary policy, foreign exchange operations, and central bank governance, which are central to the responsibilities of the advisor role.

Experience:
A minimum of five years of relevant experience in a central bank or similar financial institution is required. This experience should include a thorough understanding of monetary and foreign exchange market operations, as well as practical experience in implementing international standards and best practices in these areas.

Languages:
Fluency in English is mandatory, as the role requires strong communication skills for drafting reports and conducting training sessions. While not mandatory, proficiency in additional languages relevant to the East African region may be considered an asset.

Additional Notes:
This position is a full-time, long-term contractual assignment with an initial term of 12 months, with the possibility of extension based on performance and funding availability. The advisor will be expected to undertake significant travel within the region for in-person capacity development delivery. Compensation and benefits will be competitive and commensurate with the successful candidate’s skills and experience. The IMF is committed to diversity and inclusion and welcomes requests for reasonable accommodations for disabilities during the selection process.