What are the responsibilities and job description for the HQTA Financial Sector Expert/Senior Financial Sector Expert (Monetary Policy) (MCMCO) position at International Monetary Fund?
Work for the IMF. Work for the World.
Description
The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) has a vacancy in its Central Bank Operations Division (CO) for a Headquarter-based Financial Sector Expert / Senior Financial Sector Expert. The incumbent will be based in the IMF's headquarter in Washington, D.C. The appointment is for a contractual term of two years, and can be extended to a maximum of four years, subject to budget availability and satisfactory performance.
CO Division is responsible for work on the implementation of monetary and exchange rate policy, the management of official reserves and central bank governance. The division works closely with staff in MCM and other departments, and with country authorities, in delivering policy analysis, technical assistance, and surveillance products.
The incumbent will work on monetary policy implementation across various frameworks and money market development. Key functions are to provide and to backstop the field delivery of technical assistance, and in particular to backstop long-term experts; to develop new tools to support the delivery of technical assistance and surveillance activities; and to advise on all issues in his / her defined area of expertise. As the need arises, he / she will also participate in technical assistance, FSAP, and Article IV consultation / Program missions.
Qualifications
The successful candidate should have an advanced university degree or equivalent in economics, finance, or a related field, at least four years of relevant professional experience. This would most likely be obtained from working in a central bank, in the department responsible for the implementation of monetary policy.
The candidate should also have demonstrated sound policy judgment; analytical and quantitative skills; excellent oral and written communication skills; and a capacity to meet tight deadlines. Strong interpersonal abilities and team spirit are required.
The position requires in-depth knowledge of central bank operational implementation and the associated market infrastructures. Areas of desired expertise include monetary policy implementation frameworks; liquidity management and forecasting; collateral framework; central bank balance sheet policies; money market structure and dynamics; the role of banks and nonbank financial institutions in credit intermediation and the transmission of monetary policy; central bank provision of liquidity through standing lending facility and other tools; and issues at the intersection of monetary policy implementation, regulation, and evolving technology and financial structure.
In addition to English, working knowledge of French or Spanish would be highly desirable.
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. Shortlisted candidates will be required to take a written test followed by an interview dependent on their scores.
Department :
MCMCO Monetary and Capital Markets Dept. Central Bank Operations
Hiring For : A11, A12, A13, A14
