Work for the IMF. Work for the World.

The Monetary and Capital Markets Department (MCM) has a vacancy in the Payments, Currencies, and Infrastructure (PI) division for an experienced expert on Financial Markets Infrastructures. This a contractual appointment for two years and can be extended to a maximum of four years, subject to budget availability, business needs and satisfactory performance.

The PI division aims to offer concrete and actionable solutions to pressing problems in payments (both retail and wholesale), to promote the safety and soundness of financial market infrastructures (FMIs), and to meet challenges from the rise of fintech solutions, digital money issued by the public sector – in the form of central bank digital currency – as well as the private sector – including eMoney, stablecoins, and even cryptoassets. The division strives to offer intellectual leadership through analytical work, technical assistance to the IMF membership, and surveillance (such as through FSAPs). The division also aims to collaborate with, and provide expertise to, other IMF divisions exploring common topics.

The successful candidate will play a pivotal role in enhancing the IMF’s capacity to monitor and assess the evolving landscape of FMIs and especially of central counterparties (CCPs). The primary responsibility of this role will be to conduct comprehensive surveillance of global FMIs such as CCPs through FSAPs, assessing their risk management practices, compliance with international standards, and their impact on financial stability. Work entails close collaboration with external academics, policymakers, industry experts and innovators, as well as international bodies such as the Committee on Payments and Market Infrastructures (CPMI), the BIS, and the Financial Stability Board (FSB).

Responsibilities

• Leading, and contributing to, innovative and policy relevant analytical work, including working papers, staff discussion notes, and Board papers in the area of Central Counterparty (CCP) as well as of Central Securities Depository (CSD), and Securities Settlement System (SSS) with a focus on financial stability and the impact of digital innovations.
• Leading, and contributing to, technical assistance missions to member countries, with a focus on regulation, supervision, and risk management of CCPs, CSDs, and SSSs, as well as digital innovation.
• Leading, and contributing to, bilateral surveillance missions to member countries, such as through FSAPs, with a focus on the assessment of CCPs, CSDs, and SSSs against the PFMI. Assess CCP’s risk management frameworks , operational resilience, and adherence to international regulatory standards.
• Provide timely assessments on potential risks and vulnerabilities associated with CCPs, as well as CSDs and SSSs contributing to the IMF’s global financial stability mandate.
• Develop innovative tools or approaches to assess key risks from FMIs.
• Contributing to developing policy lines relevant to the division’s mandate.
• Participating in, and supporting, international working groups.
• Contributing actively to the division’s debates, interactions with the private sector, and information sharing efforts.

Requirements

• A PhD or an advanced degree in economics, finance or other fields relevant to the division’s focus areas.
• At least four years of relevant experience showing progressively more responsibility with a focus on FMIs, notably on overseeing, supervising, assessing, and developing CCPs, CSDs, and SSSs.
• Demonstrated capacity in strategic and analytical thinking and sound policy judgment. A proven track record of impactful policy advice and publications in the area.
• Strong analytical skills and a deep understanding of international financial markets and regulatory frameworks.
• Experience in leading projects and drafting policy papers and outstanding ability to work in teams.
• Participation in international standard setting bodies (such as the CPMI and/or IOSCO).
• Excellent writing and verbal communication skills.
• Strong initiative and organization skills.
• Experience working with or in central banks, international bodies, and/ or standard-setting bodies.
• Experience in providing technical assistance and/or bilateral surveillance is a definite plus.
• Excellent team player, diplomatic and partnership skills, and the ability to build/maintain relationships across the Fund and with country authorities and other international financial organizations.
• If you are a seasoned professional with a passion for contributing to global financial stability and possess the required expertise, we invite you to apply for this challenging and impactful role at the IMF.

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.

Department:

MCMPI Monetary and Capital Markets Dept. Payments,Currencies & Infrastructure

Hiring For:

A11, A12, A13, A14

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.