Work for the IMF. Work for the World.
Description
This is a long-term expert (contractual) assignment based in Bridgetown, Barbados, with a 12-24 month term, with a possibility of extendingโdepending on performanceโup to a maximum of 4 years.
The Caribbean Regional Technical Assistance Center (CARTAC) is a multidonor-financed institution, providing capacity development (technical assistance and training) in economic and financial management to 23 countries. The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) is recruiting a well-qualified resident advisor to CARTAC to assist participating countries in developing their macroprudential framework and stress-testing capacities. The advisor will be part of the CARTAC team (www.cartac.org) and back-stopped by the MCM of the IMF.
Duties and responsibilities
The resident advisor will respond to capacity development and cooperation requests received by CARTAC from its members and is expected to travel or provide assistance remotely to these countries to perform the assigned duties. By elaborating well-prioritized medium-term work programs, s/he will be required to assist CARTAC members by providing bilateral technical assistance and regional training in:
Upgrading data and information collection and management to strengthen the authoritiesโ systemic risk monitoring practices.
Establishing intermediate objectives for financial stability, working out indicators of vulnerabilities, including early warning indicators, and calibrating and implementing macroprudential tools to mitigate systemic risks.
Improving the authoritiesโ financial stability reporting to include more articulation of the objectives of macroprudential policy and the interlinkages between the financial sector and the real economy.
Strengthening organizational efficiency and effectiveness of the authorities macroprudential surveillance framework.
Strengthening the capacity of authorities in conducting bottom-up and top-down macro stress tests by implementing appropriate stress testing methodologies.
Any advice provided by the advisor will have to be in line with IMF policies.
Qualifications
The successful candidate should have:
Extensive practical experience in financial stability assessment, financial stability report writing, and quantitative methods of financial stability analysis (such experience would have been acquired in a central bank, financial stability unit outside of the central bank, or by the delivery of Technical Assistance).
A graduate degree in economics, finance, or a related area.
Strong interpersonal and communication skills.
Ability to work closely with other organizations, senior government officials, and other long-term and short-term experts; and
Strong oral and written communication skills in English.
The IMF is committed to achieving a diverse staff, including in terms of gender, nationality, culture and educational background.
The selected candidate is expected to adhere to the IMF Code of Conduct for Staff.
Department:MCMFS Monetary and Capital Markets Dept. Fin Sector Assessments & Policies
Hiring For: A11, A12, A13, A14
The IMF is committed to hiring diverse staff, including age, creed, culture, disability, educational background, ethnicity, gender, gender expression, nationality, race, religion and beliefs, and sexual orientation. 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.