Financial Sector Expert/Senior Financial Sector Expert (Capital Flow Management) (MCMAICF)
Work for the IMF. Work for the World.
Department:
MCMAI CF Monetary and Capital Markets Dept. Immediate Office Capital Flows Unit
Description
MCM has a vacancy in the Capital Flows Unit for an experienced expert on capital flow management and liberalization and foreign exchange regulation. The position will be based in the IMF's headquarters in Washington, D.C. The appointment is for a three year term contract. The CF unit is responsible for MCM's work on capital flow policies and exchange restrictions as well as multiple currency practices. The unit works closely with staff in MCM and other departments, and with country authorities, in delivering policy analysis, technical assistance, and surveillance products and contributes to the Fund’s analytical and policy work agenda related to capital flows. It also produces a unique database, the Annual Report on Exchange Arrangements and Exchange Restrictions.
The selected candidate will contribute to the unit’s work by providing advice on capital flow policies and assessing their impact on the domestic economy and financial system. This will involve frequent interactions with country authorities, other IMF departments, and international organizations. The position requires travel on country and other assignments, as well as responsibility for preparing reports, maintaining a database, and engaging in analytical work. He or she would also be expected to conduct review of country and policy papers, draft briefings, and contribute to the analysis of short-term policy questions.
Qualifications
An advanced university degree (Ph.D. preferred) in economics, finance, or a related field, with at least four years of increasingly responsible professional experience, in the field of designing, implementing and dismantling foreign exchange regulations, including capital controls.
A strong understanding of the relationship between foreign exchange regulation, external sector stability, and financial stability is also required. In particular, the expert is expected to be knowledgeable about managing a foreign exchange system in a restrictive regulatory environment, the removal of foreign exchange controls, applicable international agreements governing the use of restrictions on current and capital transactions, financial sector risks stemming from cross-border financial transactions and exchange rate movements and the policy tools to address them, and cross-border spillovers from the use of capital flow management measures.
Having published papers on these issues would be an advantage, as would experience with foreign exchange intervention policies and designing and implementing macroprudential policies.
The ability to communicate clearly and effectively in spoken and written English is required, along with the ability to work in a team and under tight deadlines. Excellent interpersonal and diplomatic skills are essential, as is the ability to establish credibility and influence with senior country officials.
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.
Department:
MCMAI CF Monetary and Capital Markets Dept. Immediate Office Capital Flows Unit
Hiring For:
A11, A12, A13, A14
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.
What We Do
The International Monetary Fund has a key position in promoting the health of the world economy. Established in 1944 as a part of the United Nations system, the IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to buy goods and services from each other. This is essential for sustainable economic growth and rising living standards.
To maintain stability and prevent crises in the international monetary system, the IMF conducts surveillance of national, regional, and global economic and financial developments. It provides advice to its 190 member countries, encouraging them to adopt policies that foster economic stability, reduce their vulnerability to economic and financial crises, and raise living standards. The IMF also serves as a forum where its global membership can discuss the national, regional, and global consequences of their policies.
The IMF makes financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange to meet their payments to other countries.
Finally, the IMF provides countries with training to help them build the expertise and institutions they need for economic stability and growth. Supporting all of these activities is the institution's work in economic research and statistics
