Work for the IMF. Work for the World.
Financial Sector Expert/ Senior Financial Sector Expert
The Monetary and Capital Markets (MCM) Department has an opening for a Financial Sector/Senior Financial Sector Expert in its Debt Capital Markets (DM) division. DM focuses on: (i) the analysis of trends and emerging risks in sovereign debt; (ii) capacity building and innovation in sovereign debt management and debt market development; and (iii) surveillance and application of Fund policies in country cases regarding sovereign debt, with emphasis on the market and financial stability implications of debt restructurings.
The selected candidate will:
- Conduct policy-oriented analysis of sovereign debt-related financial stability risks in global and local markets and for specific country cases;
- Contribute to the planning, delivery and backstopping of capacity development, including technical assistance and training, on sovereign debt and related areas (including debt management strategy development and implementation, institutional arrangements, market development, and debt transparency);
- Analyze sovereign debt restructurings to assess their risk characteristics, market acceptability, and ramifications for future market access, especially in the context of use of Fund resources (UFR);
- Review and participate in Fund surveillance activities, including Article IV consultations and Financial Sector Assessment Programs (FSAPs);
- Represent the division externally as needed (conferences, etc).
The successful candidate should possess an advanced academic degree in finance, economics, or a related field, with at least 10 years hands-on experience in sovereign debt management gained through work in a country’s debt management office, Ministry of Finance, central bank or at an International Organization. The candidate should also possess:
- Proven ability to conduct high quality policy-oriented analysis, and to relate debt management and sovereign distress issues to the wider macroeconomic and structural context and the capital markets backdrop (global and local);
- Ability to communicate concise, articulate, insightful and persuasive economic analysis and policy advice in writing and orally for internal and external audiences;
- Experience with the planning and delivery of technical assistance and training to a variety of countries;
- Ability to work independently as well as constructively in teams under tight deadlines and unpredictable schedules;
- Preferably experience of working with Low Income and/or Fragile and Conflict Afflicted States (FCS); and
- Preferably, working knowledge of other major languages.
-We encourage applications from eligible fungible and specialized economists. If selected, macroeconomists will retain the fungible career stream.
Department:
HRP HR Programs
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.
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.
