Financial Sector Expert/Senior Financial Expert (MCMCO)

Join the IMF's Monetary and Capital Markets Department as a Financial Sector Expert.

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Overview

Join the IMF's Monetary and Capital Markets Department as a Financial Sector Expert.

You have:

  • An advanced degree in economics, finance, or a related advanced field.
  • At least four years of relevant professional experience.
  • Proven experience in central bank in the relevant expertise areas.
  • Demonstrated sound policy judgment; analytical and quantitative skills; excellent oral and written communication skills; and a capacity to meet tight deadlines.
  • Strong interpersonal abilities and team spirit are required.
  • All applicants should include a Statement of Interest as an attachment to the application.

Work for the IMF. Work for the World.

Description

The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) has a staff vacancy in its Central Bank Operations Division (CO) for a Financial Sector Expert/Senior Financial Sector Expert. The incumbent will be based in the IMF's headquarters in Washington, D.C.

The CO Division is responsible for work on the implementation of monetary and exchange rate policies, money and FX market development, the management of official FX reserves, central bank intervention for financial stability as well as central bank accounting, communication, finances, and governance.

The division works closely with staff in MCM and other departments, and with country authorities, in delivering policy analysis, technical assistance, and surveillance products.

The incumbent will contribute to the central bank's financial stability intervention workstream. S/he will be involved in central bank lending operations, including, but not limited to, emergency liquidity assistance (ELA), and asset purchases aimed at preserving financial stability by absorbing liquidity risk from the market. Key responsibilities include developing methods to monitor liquidity risk from the central bank's perspective, calibrating collateral haircuts, and determining counterparties' eligibility.

The incumbent will also support the delivery of technical assistance and surveillance activities, providing expertise in data analysis and advising on technology-related issues within their area of expertise. As needed, they will participate in technical assistance, FSAP, and Article IV consultation/program missions.

Qualifications

  • An advanced degree in economics, finance, or a related advanced field, with at least four years of relevant professional experience.
  • Areas of relevant professional experience include ELA, collateral framework, and counterparties eligibility.
  • Proven experience in central bank in the relevant expertise areas.
  • Demonstrated sound policy judgment; analytical and quantitative skills; excellent oral and written communication skills; and a capacity to meet tight deadlines.
  • Strong interpersonal abilities and team spirit are required.
  • All applicants should include a Statement of Interest as an attachment to the application, which will be used in the screening process for this vacancy.

This vacancy shall be filled by a 3-year Term appointment in accordance with the Fund’s new employment rules that took effect on May 1, 2015.

Department:

MCMCO Monetary and Capital Markets Dept. Central Bank OperationsHiring For:

A11, A12, A13, A14The IMF is guided by the principle that the employment, classification, promotion, and assignment of staff shall be made without discrimination against any person. We welcome requests for reasonable accommodations for disabilities during the selection process. Information on how to request accommodations will be provided during the application process.

Potential interview questions

Can you describe your experience with emergency liquidity assistance and how you've applied it in past roles? The interviewer wants to assess your direct experience and expertise in a crucial area of the role. Provide specific examples of situations where you successfully implemented ELA in your previous roles.
How do you approach developing methods to monitor liquidity risk for a central bank? This question evaluates your analytical skills and understanding of liquidity risk management. Pro members can see the explanation.
Describe a time when you had to deliver technical assistance. What challenges did you face? Pro members can see the explanation. Pro members can see the explanation.
What strategies do you use to communicate complex financial data to stakeholders? Pro members can see the explanation. Pro members can see the explanation.
How do you handle tight deadlines in your work? Pro members can see the explanation. Pro members can see the explanation.
Can you discuss your experience with collateral frameworks and their importance in financial stability? Pro members can see the explanation. Pro members can see the explanation.
What inter-personal strategies do you find effective in working as part of a team? Pro members can see the explanation. Pro members can see the explanation.
How do you keep abreast of developments in monetary and financial policies? Pro members can see the explanation. Pro members can see the explanation.
Added 1 year ago - Updated 1 year ago - Source: imf.org