Financial Sector Expert / Senior Financial Sector Expert (Financial Sector [Expertise])

Position description

The Legal Department of the International Monetary Fund (the Fund) is seeking to fill a term Financial Sector Expert/Senior Financial Sector Expert position in its Financial Integrity Group. This position is based at the Fund’s headquarters in Washington, DC. Travel to Fund member countries is expected.

The Fund is an international organization with a membership of 190 countries. The Fund’s Legal Department aims at promoting and preserving the rule of law and financial integrity which are essential to the Fund in carrying out its mandate.

In fulfilling its mission, the Legal Department provides high quality, professional advice to the Fund’s Board of Governors, Executive Board, management and staff, and to the authorities of member countries on Fund law and policy, financial integrity issues, Fund- related administrative issues, and domestic legal and operational policy issues relevant to the Fund’s mandate. The Legal Department employs mainly Counsels and Financial Sector Experts.

The Legal Department’s Financial Integrity Group implements the Fund’s strategy on financial integrity, including anti-money laundering and combating the financing of terrorism (AML/CFT). The work is conducted through two divisions under the direct oversight of the General Counsel and Director of the Legal Department. The successful candidate will be assigned to one of the two divisions.

The Fund’s Legal Department offers a unique opportunity to contribute to strengthening and fostering global, regional and country efforts in financial integrity, including AML/CFT, with a view to promoting the integrity of the international financial system.

Duties and Responsibilities

Under the oversight of the General Counsel and Director of the Legal Department and the direct supervision of the Head and Deputy Head(s) of the Division to which the successful candidate will be assigned, the selected candidate will undertake substantive policy and technical work in the area of financial integrity as a member of a multidisciplinary team of experts, constituted of legal counsels, financial sector experts and research officers. The successful candidate will also be active in fostering the global dialogue on AML/CFT in coordination with relevant regional and global partners.

More specifically, depending on the profile of the selected candidate, the primary duties and responsibilities can include from the following tasks undertaken by both Divisions:

• Providing financial integrity policy and technical advice and related services to Fund departments and member countries;
• Contributing to the inclusion of financial integrity issues into Fund surveillance; Fund-supported programs; and Financial Stability Assessments, consistent with the Fund’s Executive Board decisions and staff guidance, notably by reviewing policy notes and staff reports, conducting analytical work of relevant issues, providing policy and technical advice, and participating in area department missions, as required;
• Assessing countries’ implementation of the international AML/CFT standard, including by participating in or leading relevant missions to assess compliance with the international AML/CFT standard and engaging in or managing related pre- assessment research and post-mission work and reviews;
• Contributing to capacity development activities, including by participating in, managing, or leading inter-disciplinary missions, as required;
• Providing in-depth expertise, undertaking analytical work, and contributing to fostering a global dialogue on financial integrity issues in coordination with relevant regional and global partners;
• Drafting policy papers and reviewing briefing papers and reports to ensure clarity and consistency with established Fund policies;
• Conducting research and analysis on complex policy and technical issues in the financial integrity area; and
• Providing input on policy and operational papers and decision.

In addition to the above, the selected candidate may carry out other assignments as instructed by the Head or Deputy Head(s) of the Division.

Qualifications

Candidates will have a relevant academic background, including an advanced degree in economics, finance, law, international relations, business administration, governance, financial sector issues or a related field. [1]

They will also have a minimum of four years of relevant public and/or private sector professional level experience and an in-depth knowledge of and at least three years direct professional experience with financial integrity issues, including experience at the national or international level, such as with a specialized domestic entity such as a financial intelligence unit or an AML/CFT supervisor or regulator, with the Financial Action Task Force (FATF) or a FATF-style regional body (FSRB), or with a private sector entity, such as a bank.

Demonstrated experience with AML/CFT assessments, operational AML/CFT supervisory or regulatory experience, as well as in emerging topics such as FinTech and virtual assets, transparency of beneficial ownership, measuring illicit financial flows and ML/TF risks would be a distinct advantage.

Candidates will also possess a deep understanding and practice of financial integrity issues and architecture at an international level, and a solid knowledge of Fund policies related to surveillance and conditionality, or a demonstrated willingness and ability to learn in this area.

Application instructions

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