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. The IMF has a diverse workforce of over 2,700 employees from around the world, operating in more than 190 countries. The organization provides financial assistance, policy advice, and technical assistance to its member countries, aiming to foster economic cooperation and stability across the globe.

Job Overview:
The Financial Sector Expert/Senior Financial Sector Expert position within the Monetary and Capital Markets Department (MCM) focuses on the Financial Supervision and Regulation Division (FR). The role involves developing and disseminating policy positions on prudential and conduct supervision and regulation of various financial entities, including banks and insurers. The expert will manage the Fund's participation in regulatory standards development and provide policy and technical advice on financial supervision. This position requires collaboration with international standard-setting bodies and engagement in technical assistance and capacity building efforts. The selected candidate will work in a team environment, contributing to the development, monitoring, and implementation of financial sector policies, and will be involved in various assessments and special projects related to financial supervision and regulation.

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

• Developing and disseminating policy positions on prudential and conduct supervision and regulation of banks, insurers, and nonbank financial intermediaries.
• Managing the Fund's participation in the development of regulatory standards and codes, including working with standard setters on assessment methodologies.
• Providing policy and technical advice on financial supervision and regulation, participating in Area Department country teams, and offering ad hoc support.
• Delivering technical assistance and capacity building on financial supervision and regulation, including backstopping external experts.
• Acting as the central point of contact for the Department's engagement with relevant standard-setting bodies.
• Liaising with standard-setting bodies, FSB committees, and other international organizations on regulatory and supervisory policy.
• Participating in the Financial Sector Assessment Program (FSAP), technical assistance missions, Article IV surveillance, and special projects.

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

• An advanced university degree in economics, finance, or a related field.
• At least four years of relevant professional experience in banking and/or insurance supervision and regulation.
• An in-depth understanding of international regulatory and supervisory initiatives and experience in their implementation at the national level.
• Exposure to on-site and off-site supervision functions, with a sound understanding of risk identification, assessment, and management methodologies.
• Experience with the regulation and supervision of Islamic Finance/Islamic Banking is considered an advantage.
• Demonstrated creativity, initiative, sound judgment, and excellent negotiating skills.
• Strong oral and written communication skills, with experience in major IMF outputs such as FSAP and Article IV surveillance being advantageous.

Educational Background:
Candidates must have an advanced university degree in economics, finance, or a related field. This educational background is essential to ensure that the candidate possesses the necessary theoretical knowledge and analytical skills required for the role.

Experience:
The position requires at least four years of relevant professional experience in banking and/or insurance supervision and regulation. This experience should include a comprehensive understanding of international regulatory frameworks and their application at the national level, as well as familiarity with both on-site and off-site supervision functions.

Languages:
Proficiency in English is mandatory for this position, as it is the working language of the IMF. Knowledge of additional languages may be considered an advantage, particularly if they are relevant to the countries in which the IMF operates.

Additional Notes:
This vacancy is for a 3-year Term appointment in accordance with the Fund’s employment rules. A regular staff member selected for this position will maintain their open-ended status, while contractual employees will be offered a Term staff appointment. Current term staff may receive an extension if their term has not already been extended. All applicants must include a Statement of Interest with their application, which will be used in the screening process. The IMF is committed to diversity and inclusion, ensuring that employment decisions are made without discrimination and welcoming requests for reasonable accommodations during the selection process.