Work for the IMF. Work for the World.
The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) is seeking an experienced expert to work as a Resident Advisor on Banking Sector Regulation and Supervision at the Commission de Supervision Bancaire et Financière (CSBF), Antananarivo, Madagascar. The selected candidate will be stationed in Antananarivo. This is a one-year contractual position to be extended by up to two additional years subject to budget availability and satisfactory performance of the expert.
This capacity development work is financed by the Financial Sector Stability Fund (FSSF).
This appointment will support the CSFB to complete the proportionate implementation of the Basel I framework and risk-based supervision on a practical level. The advisor will also assist the CSBF to improve data quality in supervisory returns, build capacity on bank risk assessments, and assist in enhancing the corrective action framework. His/her work will require close coordination with the Fund’s regional technical assistance center, AFRITAC South (AFS).
The specific duties of the advisor will be to:
Prepare a banking sector regulation and supervision workplan in consultation with the MCMFR back-stopper, the country Technical Assistance (TA) Manager and country authorities.
Manage and deliver this workplan while ensuring that activities are proportionate to the size and complexity of the local financial system.
Organize and deliver training, workshops, seminars on financial sector supervision to build capacity including practical supervision know-how at the CSFB.
Coordinate activities, where appropriate, with the Resident Advisor on financial sector supervision at AFS, other IMF staff, experts, donor-partners, experts, and advisors appointed by other CD providers.
Prepare results frameworks (logframes) to deliver the TA in line with the Fund’s Results-Based Management (RBM) framework. Discuss and agree with authorities on the outcomes and milestones expected from TA. Use the Capacity Development Management and Administration Program (CDMAP) system to track and update TA results.
Qualifications
The successful candidate should be able to demonstrate strong analytical and problem-solving skills, sound judgement, motivation, and initiative, and should have:
At least seven (7) years of relevant experience in banking supervision and regulation, acquired primarily in a central bank or an official financial supervisory agency.
In-depth understanding of international standards, particularly those for banking, and proven track record of adapting and implementing them within national supervisory frameworks.
A degree in economics, finance, accounting, or a related area.
Strong oral and written communication skills in French (native or equivalent), and at least a good working level command of English, including presentational skills in support of training-related activities.
Excellent interpersonal skills, including the ability to work effectively with senior policymakers in the country and the donor community, to lead teams of senior experts, and to handle sensitive issues with discretion in a multicultural environment.
Proven organizational and time-management skills to manage complex workloads and deliver results while balancing competing priorities across diverse stakeholders.
Compensation and benefits will be competitive and commensurate with the successful candidate’s skills and experience.
Department:
MCMTA Monetary and Capital Markets Dept. Technical Assistance Strategy
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.
