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The Finance Department of the International Monetary Fund is seeking a Financial Sector Expert in the Safeguards Assessments Division (FINSA). Under the direction of FINSA’s management, the candidate will be responsible for work related to safeguards assessments of central banks and related governance diagnostic work. The safeguards assessment work will involve mission travel and continuous monitoring of the six key areas of control and governance within central banks of member countries. Governance diagnostic work is conducted in conjunction with other departments in the IMF.

Duties include:

• Requesting and analyzing documentation from central banks and preparing related follow-up correspondence.
• Conducting safeguards assessments by reviewing the relevant Fund documents (i.e., staff reports, Technical Assistance reports); documentation received from central banks and audited financial statements, communicating with central banks’ staff and external auditors, and drafting the assessment report; and contributing to mission preparation and execution.
• Monitoring of developments in the safeguards frameworks of assigned central banks, including assessing the implementation of recommendations arising from safeguards assessments and related follow-up work.
• Liaising with area and other departments on matters relevant to safeguards assessments, including safeguards policy requirements and timing of program reviews, as well as discussions on central bank governance issues.
• Contributing to (i) governance diagnostic work with a primary focus on central bank operations, and (ii) fiscal safeguards reviews in cases involving significant budget support in IMF lending to member countries.
• Contributing to other activities of the Division and the Department, including: (i) the development and delivery of outreach events and seminars; (ii) the development and review of safeguards, accounting and financial policies, and (iii) keeping abreast of developments in International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA), and relevant technological skills.

Qualifications

The successful candidate should have an advanced university degree in finance, business administration, economics, accounting, or a related field, plus a minimum of four years of relevant work experience. The candidate should have good knowledge of, and experience in central bank operations or financial institutions.

The position also requires some knowledge of leading practices in corporate governance and official foreign reserves management. Experience in external audits, internal auditing, risk management and forensic accounting, and knowledge of decisions and policies relating to the Fund’s financial structure and operations would be desirable.

The candidate is expected to have strong analytical capabilities and be able to meet tight deadlines, both at headquarters and on mission. In addition, the candidate should have strong verbal and written communication skills and the ability to deal effectively and diplomatically with country authorities. The ability to work independently and in teams is essential.

It is expected that while the position is advertised at the full grade band, it will be filled at the lower level.

This vacancy shall be filled by a 3-year Term appointment in accordance with the Fund’s new employment rules that took effect on May 1, 2015.

A regular staff member who is selected to fill the vacancy will maintain their open-ended status. If the selected candidate is a contractual employee, they will be offered a Term staff appointment. Staff members already on a term appointment will continue their current term but may receive an extension provided that their current term appointment has not already been extended.

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:

FINSA Finance Department Safeguards Assessments

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.