Financial Sector Expert/Senior Financial Sector Expert (Financial Crisis Management) MCMFC

Support financial crisis preparedness and management for member countries.

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Application deadline 3 years ago: Tuesday 28 Feb 2023 at 23:59 UTC

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Overview

Support financial crisis preparedness and management for member countries.

You have:

  • Advanced academic degree in business administration, economics, finance, law, or related fields.
  • At least 4 years of relevant professional work experience.
  • Experience in firm-specific corrective action and resolution, including diagnosing and restructuring problem banks.
  • Experience developing effective policy frameworks for dealing with failing financial institutions.
  • Exposure to management of system-wide financial distress.
  • Demonstrate creativity, initiative, and sound judgment.
  • Excellent negotiating skills.
  • Strong oral and written communication skills.

Work for the IMF. Work for the World.

The International Monetary Fund is searching for a Financial Sector Expert/Senior Financial Sector Expert to work in its Monetary and Capital Markets (MCM) Department, Financial Crisis Preparedness and Management (FC) Division. This vacancy is for a three-year term appointment.

The main responsibilities of MCMFC are to:

- Provide policy and technical support on financial sector restructuring for program country work, and help ensure the consistency of MCM policy positions, including by taking the lead in MCM review of documents on crisis and near-crisis countries; - Coordinate MCM participation in Fund-wide policies in the area of program conditionality and use of Fund resources (UFR); - Assess the effectiveness of financial sector resolution and safety nets frameworks and help strengthen crisis preparedness, directly and through the Area Departments, particularly in vulnerable countries; - Provide advice on financial crisis management measures, including crisis containment, financial sector restructuring and resolution, and management of distressed financial assets, directly and through the Area Departments; - Develop and disseminate policy positions in the areas of contingency planning, resolution of financial institutions, financial safety nets, and management of distressed assets; - Provide technical assistance and capacity building on financial crisis preparedness and management, including the backstopping of external experts; and - Liaise with standards setting bodies and other international organizations on deposit insurance, managing distressed financial assets, and resolution-related topics, including to develop and assess compliance with international standards.

The Financial Sector Expert/Senior Financial Sector Expert will be responsible for working in a team environment on the development, monitoring, and implementation of policies in the areas of financial crisis contingency planning, financial safety nets, and resolution of financial institutions. They will participate in UFR and near-crisis country work, the Financial Sector Assessment Program, technical assistance missions, and work on special projects in relevant areas. The selected candidate will be part of a team of experienced financial sector experts in MCM’s FC Division, reporting to the Division Chief.

Qualifications:

The selected candidate must have an advanced academic degree in business administration, economics, finance, law, or related fields.

In addition, the candidate should: - Have at least 4 years of relevant professional work experience; - Have experience in firm-specific corrective action and resolution, including designing and implementing the diagnosis and restructuring of problem banks; or in developing effective policy frameworks for dealing with failing financial institutions; - Have had exposure to management of system-wide financial distress; and - Demonstrate creativity, initiative, and sound judgment; and have excellent negotiating skills along with strong oral and written communication skills.

Department:

MCMFC Monetary and Capital Markets Dept. Financial Crisis Preparedness & MgmtHiring For:

A11, A12, A13, A14The IMF is committed to achieving a diverse staff, including age, creed, culture, disability, educational background, ethnicity, gender, gender expression, nationality, race, religion and beliefs, and sexual orientation.

Potential interview questions

Can you describe a time when you had to deal with a financial crisis? This question assesses your hands-on experience in crisis management. Mention the specifics of the crisis, your role, and the outcome.
How do you prioritize tasks when working on multiple projects? Time management is crucial for this role. Pro members can see the explanation.
Can you provide an example of a financial policy you developed or contributed to? Pro members can see the explanation. Pro members can see the explanation.
Describe your experience with financial sector restructuring. What challenges did you face? Pro members can see the explanation. Pro members can see the explanation.
What methods do you use to build consensus among diverse stakeholders? Pro members can see the explanation. Pro members can see the explanation.
Added 3 years ago - Updated 1 year ago - Source: imf.org