Financial Sector Expert/Senior Financial Sector Expert

Job Posting Organization:
The International Monetary Fund (IMF) is an international organization established in 1944 with the mission to promote global economic stability and growth. It has a diverse workforce of over 2,700 employees from around the world and operates in 190 countries. The IMF provides financial assistance, policy advice, and technical assistance to its member countries to help them achieve macroeconomic stability and sustainable growth.

Job Overview:
The Financial Sector Expert/Senior Financial Sector Expert position within the Monetary and Capital Markets Department (MCM) focuses on providing technical assistance and capacity development to member countries. The role involves designing, managing, and evaluating capacity development projects, acting as a country manager for a portfolio of countries, and leading needs-assessment missions. The expert will also be responsible for formulating and implementing guidelines specific to MCM’s areas of work, supporting the development of technical assistance strategies, and participating in various departmental activities, including training and interdepartmental policy work. This position requires a proactive approach to integrating technical assistance with surveillance and adapting to new modalities of work in the financial sector.

Duties and Responsibilities:
The duties and responsibilities of the Financial Sector Expert/Senior Financial Sector Expert include:

• Designing, managing, and evaluating capacity development projects tailored to the needs of member countries.
• Acting as the country manager for a designated portfolio, ensuring effective communication and collaboration with functional experts, area departments, and country authorities.
• Leading technical assistance needs-assessment missions and evaluations to identify gaps and opportunities for improvement in financial sector governance and stability.
• Formulating and implementing capacity development guidelines that align with MCM’s strategic objectives.
• Backstopping both long-term and short-term experts in the field to ensure the successful delivery of technical assistance.
• Supporting the division in developing a comprehensive technical assistance strategy that integrates with surveillance and adapts to emerging trends in the financial sector.
• Participating in the delivery of technical assistance or training in areas of expertise, contributing to Financial Sector Assessment Programs (FSAP), and engaging in the Financial Sector Stability Review (FSSR) work.
• Collaborating with other departments on policy initiatives and providing insights based on field experiences.

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

• An advanced academic degree in business administration, finance, economics, or a related field.
• A minimum of four years of practical experience working with central banks or in areas relevant to MCM’s remit, including monetary policy, financial sector regulation, government debt management, financial stability, and crisis management.
• Demonstrated experience in managing and delivering technical assistance projects effectively.
• Strong interpersonal skills and the ability to work collaboratively in a team environment.
• Excellent organizational and communication skills to convey complex information clearly and effectively.
• Fluency in French and/or Spanish is highly desirable, enhancing the ability to engage with a broader range of stakeholders.

Educational Background:
Candidates must have an advanced academic degree, such as a master's or doctoral degree, in business administration, finance, economics, or a closely related field. This educational background is essential to understand the complexities of financial systems and the economic principles that underpin the work of the IMF.

Experience:
A minimum of four years of relevant experience is required, particularly in roles that involve working with central banks or in financial sectors. This experience should encompass areas such as monetary policy, financial regulation, and crisis management, demonstrating a solid understanding of the challenges and opportunities within these domains. Experience in technical assistance management and delivery is also crucial, as the role involves overseeing projects that support member countries in enhancing their financial systems.

Languages:
Fluency in English is mandatory for this position. Additionally, proficiency in French and/or Spanish is highly desirable, as it will facilitate communication with a wider range of stakeholders and enhance the effectiveness of technical assistance efforts.

Additional Notes:
The position is based at the IMF headquarters in Washington DC. Selected candidates who are regular staff members will maintain their open-ended status, while contractual employees will be offered a Term staff appointment. The IMF is committed to diversity and inclusion, ensuring that employment decisions are made without discrimination. Reasonable accommodations for disabilities can be requested during the selection process, and information on how to request these accommodations will be provided during the application process.