Resident Advisor (Monetary and Foreign Exchange Market Operations, AFRITAC South) MCMTA

Overview

Enhance capacity in monetary policy decision making and market operations.

You have:

• A minimum of 7 years of relevant experience in monetary policy formulation and implementation.
• Experience in monetary policy operations and market development would be desirable.
• Good quantitative analysis skills.
• Strong interpersonal and communication skills.
• Excellent oral and written communication skills in English.

Work for the IMF. Work for the World.

The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) is seeking an experienced expert to work as Resident Advisor in Monetary and Foreign Exchange Market Operations, to be based in Ebene, Mauritius.

Description:

The advisor will be located at AFS to enhance beneficiary institutions’ capacity to support their monetary policy decision making; and design and implement monetary and foreign exchange market operations in AFS member countries. AFS is a multidonor-financed institutions, providing capacity development (technical assistance and training) in macroeconomic and financial policies to 13 countries (1) . The resident advisor will help identify and address capacity development (CD) needs, taking account of individual countries’ monetary policy frameworks, and their respective capacity levels. The advisor will undertake these activities through technical assistance (TA) missions, training engagements and peer-to-peer learning activities either alone or with specialized short-term experts that are on the IMF’s expert roster.

This is a one-year contractual position, which is renewable for an additional four years subject to budget availability and satisfactory performance (totaling a maximum of five years). The expert will be resident in Ebene, Mauritius, with extensive regional travel as deemed necessary by the approved work plan and as requested by the authorities with prior consultation with MCM.

To promote knowledge transfer and facilitate sustainability, the advisor will also coordinate activities closely with the relevant AFS staff and facilitate the use of short-term experts to supplement as needed. Specific duties involved in pursuing these objectives include, but are not limited to:

Delivering, managing, and coordinating CD on monetary and foreign exchange market operations, forecasting and policy analysis systems (FPAS), and FX and money market development to AFS member countries through:

• Observing the policies and procedures of the IMF, apply the results-based management (RBM) strategic framework in guiding CD activities undertaken. (The RBM framework focuses on performance and achievement of results, supported by the Fund’s Capacity Development Management and Administration Program (CDMAP)).
• Discussing the RBM logframes with functional backstoppers in MCM and agreeing with authorities on the implementation of CD recommendations and milestones expected from CD.
• Organizing/participating in on- and off-site missions, either alone or with short-term experts that are on MCM’s roster, and providing offsite advice;
• Fielding and backstopping short-term experts identified from the MCM roster and hired by AFS;
• Preparing a briefing paper prior to any mission to be submitted to MCM for review and approval; preparing a draft report at the end of every mission to be left with authorities for comments, and finalizing it following MCM and the African Department (AFR) review; and preparing a back-to-office report upon return to AFS;
• Participating in MCM missions and maintaining close and proactive coordination with MCM on the delivery of TA to the member countries of AFS within the context of the AFS work plan;
• Liaising with in-country resident advisors in monetary and foreign exchange market operations and market development on TA delivery;
• Organizing, conducting and facilitating workshops and/or seminars on relevant topics for members’ staff, at both country and regional levels, including workshops organized in collaboration with other AFS advisors and/or other Regional Technical Assistance Centers (RTACs);
• Arranging visiting attachments for member country central bank staff to other central banks for capacity building purposes.

In collaboration with the member country and regional authorities, prepare annual assessments of capacity-building needs in AFS member countries, taking into account previous CD delivery and developing circumstances. This work will include:

• Preparing and maintaining rolling medium term (up to 3 years) work plans in collaboration with the country authorities and in coordination with MCM;
• Delivering a write up for the AFS annual report on the achievements of the work plan, and any challenges/emerging needs.

Specific Responsibilities

In performing his/her duties, the advisor shall:

Ensure the assistance provided in his/her area is consistent with the work plan approved by the AFS Steering Committee. Observe the policies and procedures of the IMF and AFS, exercising the utmost discretion regarding all matters of official business. Work directly with central banks and other relevant government agencies. Coordinate activities with MCM and, where appropriate, with other IMF and AFS advisors, development partners, experts, and advisors appointed by other donors. Work under the guidance of the AFS Center and MCM TA Division country manager on day-to-day operational matters, while being responsible to the MCM TA Division Chief. On policy and analytical matters, the advisor will be guided by his/her backstoppers in MCM Central Bank Operations (MCMCO) and Monetary and Macroprudential Policy (MCMMP) divisions.

Qualifications

The ideal candidate should have:

• A minimum of 7 years of relevant experience in monetary policy formulation and implementation. Experience in monetary policy operations and market development would be desirable.
• Such experiences would have been acquired in central banks and/or by the delivery of Technical Assistance.
• Good quantitative analysis skills.
• Strong interpersonal and communication skills.
• Ability to work closely with other organizations, senior government officials, and other long-term and short-term experts; and
• ### Excellent oral and written communication skills in English.

(1) Angola, Botswana, Comoros, Eswatini, Lesotho, Madagascar, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Zambia, Zimbabwe

Department:

MCMTA Monetary and Capital Markets Dept. Technical Assistance StrategyHiring 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. We welcome requests for reasonable accommodations for disabilities during the selection process.

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Potential interview questions

Added 2 years ago - Updated 1 year ago - Source: imf.org