HQTA Financial Sector Expert/Senior Financial Sector Expert (Digital Money)

Lead analytical work on digital money and payments, offering technical assistance.

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Application deadline 3 years ago: Sunday 8 Jan 2023 at 23:59 UTC

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Overview

Lead analytical work on digital money and payments, offering technical assistance.

You have:

  • A PhD in economics, finance or other fields relevant to the division’s focus areas, such as monetary policy, financial stability, banking, and/or international finance.
  • At least 4 years of experience in working with, or in, central banks and international organizations.
  • A proven track record of impactful policymaking, and influential publications (academic and policy papers) and presentations at public events on the topics relevant to the division.
  • Demonstrated capacity in strategic and analytical thinking, and sound policy judgment.
  • Experience in leading projects and drafting policy papers, as well as active participation in international working groups.
  • Excellent writing and verbal communication skills.
  • Strong initiative and organization skills.
  • Outstanding team spirit, as well as diplomatic and partnership skills, with a view to building and maintaining relationships across the Fund, with country authorities and other international organizations.

Work for the IMF. Work for the World.

The Monetary and Capital Markets Department (MCM) has a vacancy in the Payments, Currencies, and Infrastructure (PI) division for an experienced expert on Digital Money. The contractual appointment is initially for two years and can be extended to a maximum of four years, subject to budget availability and satisfactory performance.

The PI division aims to offer concrete and actionable solutions to pressing problems in payments (both retail and wholesale), to promote the safety and soundness of financial market infrastructures (FMIs), and to meet challenges from the rise of digital currencies. The division strives to offer intellectual leadership, technical assistance, and surveillance (such as through Financial Sector Assessment Programs, FSAPs). The division also aims to collaborate with, and provide expertise to, other IMF divisions exploring common topics. Work entails close collaboration with external academics, policymakers, industry experts and innovators, as well as international bodies such as the Committee on Payments and Market Infrastructures (CPMI), the BIS, and the Financial Stability Board (FSB).

PI’s work on digital money covers the design, issuance, regulation, and supervision of digital money issued by the public sector – in the form of central bank digital currency – as well as the private sector – including eMoney, stablecoins, and even cryptoassets. The widespread adoption of these new forms of money can bring significant benefits to countries, but also risks. Macro-financial implications cover financial stability, monetary policy effectiveness, financial inclusion, market and payment efficiency and integration, the structure of the financial sector, the role of banks and nonbanks , growth and productivity, as well as financial integrity.

Responsibilities

  • Leading, and contributing to, innovative and policy relevant analytical work, including papers in refereed journals, working papers, and policy papers in the areas of payments and digital money—with an emphasis on macro-financial implications such as on monetary policy transmission, financial stability, and capital flows.
  • Leading, and contributing to, technical assistance missions to member countries, with a focus on evaluating the relevance, desirability, and regulation of central bank digital currencies, as well as privately issued digital forms of money.
  • Occasionally contributing to bilateral surveillance missions to member countries, such as through FSAPs or Article IV assessments.
  • Contributing to developing policy lines relevant to the division’s mandate.
  • Participating in, and supporting, international working groups.
  • Contributing actively to the division’s debates, interactions with the private sector, and information sharing efforts.

Requirements

  • A PhD in economics, finance or other fields relevant to the division’s focus areas, such as monetary policy, financial stability, banking, and/or international finance.
  • At least 4 years of experience in working with, or in, central banks and international organizations.
  • A proven track record of impactful policymaking, and influential publications (academic and policy papers) and presentations at public events on the topics relevant to the division.
  • Demonstrated capacity in strategic and analytical thinking, and sound policy judgment.
  • Experience in leading projects and drafting policy papers, as well as active participation in international working groups.
  • Excellent writing and verbal communication skills.
  • Strong initiative and organization skills.
  • Outstanding team spirit, as well as diplomatic and partnership skills, with a view to building and maintaining relationships across the Fund, with country authorities and other international organizations.

Department:

MCMPI Monetary and Capital Markets Dept. Payments,Currencies & InfrastructureHiring 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 project where you had to lead a team in creating policy papers? This question assesses your leadership and project management skills in a policy-making context. Provide a detailed account of your role, the challenges faced, and the successful outcome achieved.
What is your experience with central bank digital currencies? The interviewer wants to gauge your direct experience and expertise in this crucial topic. Pro members can see the explanation.
How have you navigated challenges in international collaboration? Pro members can see the explanation. Pro members can see the explanation.
Can you present a research paper you have written that addresses financial stability? Pro members can see the explanation. Pro members can see the explanation.
How do you approach strategic recommendations in financial policy? Pro members can see the explanation. Pro members can see the explanation.
Added 3 years ago - Updated 1 year ago - Source: imf.org