Financial Sector Expert/Senior Financial Sector Expert
International Moneraty Fund(IMF), Washington D.C., United States
Closing Date for Applications:
- The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) has a vacancy in the Monetary and Macroprudential Policies (MP) Division for an experienced expert on capital account liberalization and foreign exchange regulation, including from a macroprudential perspective. The incumbent will be based in the IMF's headquarters in Washington, D.C. The appointment is for a contractual term of two years, and can be extended to a maximum of four years, subject to budget availability and satisfactory performance. The MP division is responsible for MCM's work on monetary, macroprudential and exchange rate policies, and also covers central bank institutional frameworks. The division works closely with staff in MCM and other departments, and with country authorities, in delivering policy analysis, technical assistance, and surveillance products, for example: the IMF's Global Financial Stability Report and the Financial Sector Assessment Program (FSAP).
- The selected candidate will contribute to the work of the department by providing advice in her/his area of expertise. This will involve frequent interactions with country authorities, other IMF departments, and international organizations. The position requires travel on country and other assignments, as well as responsibility for preparing reports, maintaining a database, and analytical studies.
- An advanced university degree (Ph.D. preferred) in economics, finance, or a related field, with at least eight years of increasingly responsible professional experience, of which at least three years in the field of designing and implementing foreign exchange regulations, including capital controls. A strong understanding of the relationship between foreign exchange regulation, external sector stability, and financial sector stability is also required. In particular, the expert is expected to be knowledgeable about managing a foreign exchange system in a restrictive regulatory environment and the removal of the foreign exchange controls, the macroprudential uses of foreign exchange regulations, applicable international agreements governing the use of restrictions on current and capital transactions, the financial sector risks stemming from cross-border financial transactions and exchange rate movements and the policy tools to address them, and cross-border spillovers from the use of capital flow management measures. Experience in dismantling foreign exchange controls would be an advantage, as would experience in designing and implementing macroprudential policies.
- An ability to communicate clearly in spoken and written English is required, along with the ability to work in a team and under tight deadlines. Excellent interpersonal and diplomatic skills are essential, as is the ability to establish credibility and influence with senior country officials.