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The Financial Operations and Reporting Division (FR) of the IMF’s Finance Department (FIN) is seeking qualified candidates to fill the position of Division Chief.

The FR Division manages, operates, and reports on Fund finances and conducts financial operations of the Fund with member countries and other financial institutions. The main functions of the Division are to: (i) conduct the financial operations of the Fund with member countries and other financial institutions; (ii) contribute to policy development and lead implementation of policy related to the Fund’s financial operations and financial structure, including preparing Board and policy papers on the Fund’s income position, audit arrangements, and financial transactions and operations; (iii) prepare and analyze the Fund’s financial statements and financial reports to the membership; (iv) manage the annual external audit and the relationships with the External Audit Committee and the external audit firm; (v) establish appropriate system and control environments to support the range of financial activities and entities of the Fund; and (vi) provide advice on a wide range of financial and operational issues and implications with regard to new financial policies.

The Division Chief, supported by three Deputy Division Chiefs, leads and manages a division of ~40 staff in delivering the division’s mandate above with a vigorous work program that, in the near term, includes implementing new or revised policies, managing technical projects, and overseeing high volume of financial operations. On a routine basis, the Division Chief will be (i) engaged in or have oversight of the formulation and implementation of financial policies, projects, procedures, and work practices; (ii) expected to provide advice, conduct outreach, resolve issues, in close engagement with the FIN Front Office, other departments, Executive Directors’ offices, member governments and financial institutions; and (iii) accountable for the effective and efficient internal controls over member financial operations and reporting processes. Main responsibilities include:

• Accountable for aligning the division’s work program with evolving institutional priorities and department accountabilities and modifying workplans, when necessary. Identify urgent decisions or consultations, and take action that may involve risks or difficult choices;
• Lead the division’s strategic workforce planning proactively, including succession planning, staffing needs, resource discussions, and staff/skills development, as well as staff career mobility;
• Manage the performance of staff, in collaboration with deputies, through (i) setting the tone at the top on empowerment and role modeling the Fund’s core values; (ii) promoting an open and transparent work environment where roles and responsibilities within the team or division are clearly defined, while taking into account their abilities and workload; and (iii) fostering staff development through training, assignments, and actionable feedback;
• Support the division and department work in key financial topics (e.g., financial policy implementation, changes in financial structure of Fund entities, liquidity management, investments, SDRs, Financial Transactions Plan, Resource Mobilization Plan, financial transactions and reporting, member outreach);
• Ensure financial transactions are authorized. conducted and reported in line with Fund rules and regulations, board decisions, and legal agreements;
• Oversee the preparation and the independent audit of the Fund’s financial statements in accordance with the International Financial Reporting Standards (IFRS) and auditing standards;
• Oversee the effective and efficient internal controls over financial transactions, operations, systems and reporting;
• Sponsor financial system capital projects, in collaboration with other divisions and departments (e.g., ITD, Procurement);
• Champion innovation and streamlining of financial operations and reporting processes;
• Provide technical assistance and advice to members and staff in other departments on finance-related topics covered by the division, particularly when there are issues or diverse perspectives, and develop and maintain trusted relationships with counterparts representing member countries; and
• Collaborate with other international organizations on evolving developments in Fund finances or financial reporting.

Qualifications

In addition to the competencies outlined in the Fund’s Leadership Framework, the position requires an educational degree, typically acquired by the completion of an advanced university degree in finance, accounting, business management or a related field or a professional accounting certification such as a CPA or CA, with a minimum of 15 years of relevant work experience, with supervisory/managerial experience.

Candidates should be seasoned finance professionals with extensive supervisory experience. A strong background in auditing and accounting (as a CPA or CA) and applying IFRS is desirable. Experience in banking or financial institutions and/or in financial operations of the Fund are a plus as is extensive knowledge of the Fund’s financial structure and internal controls. Transformation and IT project experience is also valued. The successful candidate will demonstrate strategic thinking, learning agility, a drive for innovation/change, and the ability to influence key stakeholders. Proven people and operational managerial skills are essential, along with analytical and communication skills necessary to lead work on financial matters.

The position requires Review Committee /Senior Review Committee Approval.

All applicants are expected to include a Statement of Interest as an attachment to the application, which may be used in the screening process for this vacancy.

Department:

FINFR Finance Department Financial Operations & Reporting

Hiring For:

B01, B02, B03

The IMF is committed to achieving a 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.