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The Monetary and Capital Markets Department (MCM) is searching for a Financial Sector Expert/Senior Financial Sector Expert to work in its Financial Supervision and Regulation Division (FR).

The main responsibilities of FR division are to:

•    Develop and disseminate policy positions on prudential and conduct supervision and regulation of banks, insurers, and other nonbank financial intermediaries, including in the areas of fintech, and cybersecurity, among others;
•    Manage the Fund's participation in the development of policies related to regulatory standards and codes; work with the relevant standard setters on assessment methodologies; manage MCM's delivery of standards assessments in the division's areas of competency, through direct delivery, maintenance of a roster of trained assessors, and quality control;
•    Provide policy and technical advice on financial supervision and regulation, including through participation in Area Department country teams and ad hoc support to such teams;
•    Provide technical assistance and capacity building on financial supervision and regulation, including by backstopping external experts;
•    Act as central point of contact for the Department's engagement with the relevant standard setting bodies (e.g., BCBS, IAIS, IOSCO, IFRS, IFSB); and
•    Liaise with standard setting bodies, FSB committees and groups, and other international organizations on regulatory and supervisory policy.

The selected candidate will be responsible for working in a team environment on the development, monitoring, and implementation of financial sector policies in financial supervision and regulation. S/he will be engaged in backstopping the delivery of technical assistance and in participating in the Financial Sector Assessment Program (FSAP), technical assistance missions, Article IV surveillance, as well as special projects in the areas of supervision and regulation. The Expert will be part of a team of experienced financial sector experts in the FR Division, reporting to the Division Chief.

Qualifications: 

The candidate should have the following qualifications:

• The successful candidate should possess an advanced university degree in economics, finance, or a related field with at least four years of relevant professional experience in banking and/or insurance supervision and regulation;
•    An in-depth understanding of international regulatory and supervisory initiatives and experience in their tailored implementation at the national level;
•    Exposure to on-site and off-site supervision functions and a sound understanding of recent practices and methodologies in risk identification, assessment, and management;
•    Experience with regulation and supervision of Islamic Finance / Islamic Banking would be an advantage;

•    Be able to demonstrate creativity, initiative, and sound judgment; and have excellent negotiating skills along with strong oral and written communication;

•    Experience with major outputs of the IMF in a national context, such as the FSAP, Article IV surveillance, and capacity development, as well as standard setting discussions, would be an advantage.
 

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.

A regular staff member who is selected to fill the vacancy will maintain their open-ended status. If the selected candidate is a contractual employee,  they will be offered a Term staff appointment. Staff members already on a term appointment will continue their current term but may receive an extension provided that their current term appointment has not already been extended. 
 

All applicants are expected to include a Statement of Interest as an attachment to the application, which may be used in the screening process for this vacancy.

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The 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.