What are the responsibilities and job description for the Financial Sector Expert/Senior Financial Sector Expert (MCMFS) position at International Monetary Fund?
Work for the IMF. Work for the World.
The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) has a vacancy in the Financial Sector Assessment and Policies (FS) Division for an experienced expert with outstanding skills in risk analysis, stress testing, and financial stability / systemic risk analytics. The expert will be based in the IMF's headquarters in Washington, D.C.
The FS division has four main roles : (1) managing and reviewing the Financial Sector Assessment Program (FSAP), including its financial stability risk assessment; (2) developing FSAP policies and instruments, including integrating the FSAP with other financial surveillance; (3) developing, applying, and evaluating analytical tools for financial stability assessment (including stress testing, macroeconomic models with financial sector, household and corporate vulnerability analysis with micro data, interconnectedness, spillover analysis, and other macro-financial analyses); and (4) disseminating the analytical tools to internal and external audiences through technical assistance, technical cooperation, and teaching.
The selected candidate is expected to join FSAPs as a stress tester (or mission leader) and play an active role in the Division’s analytical agenda, often through FSAP work. The agenda includes (a) developing, improving, and applying stress testing and systemic risk assessment tools for FSAPs; (b) developing tools for assessment of emerging issues, such as climate and cyber risk; and (c) strengthening macro-financial analysis (macro models with the financial sector, household and corporate vulnerability analysis with micro data, interconnectedness and spillover analysis, financial stability risks from climate change among others). In addition, he / she would be expected to contribute to the Division’s regular review work largely for FSAPs, as well as support the Division-wide projects such as producing board papers. The work will involve active collaboration with specialists inside and outside the Fund, interactions with senior staff and country authorities and participation in technical assistance and teaching in quantitative risk assessment.
Qualifications
The successful candidate should possess an advanced university degree (Ph.D. preferred) in economics, finance, or a related field with at least four years of relevant professional experience. We are in search of a motivated, innovative candidate, familiar with or capable of learning technical work on assessing financial stability and macro-financial linkages. Specifically, we are looking for someone comfortable with econometric modeling (e.g., panel regressions and structural vector autoregressions). Capacity to code in MATLAB, R, and other quantitative modeling software would be desirable. The candidate should be able to keep up to date on policy analysis and research in the fast-growing field of quantitative financial stability analysis. The candidate must be a team player, with demonstrated capacity to deliver under tight deadlines as well as strong oral and written communication skills.
Department :
MCMFS Monetary and Capital Markets Dept. Fin Sector Assessments & Policies
Hiring For : A11, A12, A13, A14
