JOB DESCRIPTION

Work for the IMF. Work for the World.

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. This is a two-year contractual appointment. Contractual appointments at the IMF are renewable for up to four years of cumulative contractual service, pending incumbent”s performance, budget availability, and continuous business need. 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 (AREAER).

The selected candidate will contribute to the unit’s work by playing an important role in the production of the AREAER, including its overview chapter, and will also be expected to provide guidance on capital flow policies and their macroeconomic and financial effects. Both workstreams will involve frequent interactions with country authorities, other IMF departments, and in some instances 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. The selected candidate will also be expected to conduct reviews 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 experience working with AI and/or in maintaining and updating databases 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.

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.

Level of Education: Master Degree

Work Hours: 8

Experience in Months: 24