Work for the IMF. Work for the World.

The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) is seeking an experienced expert to work as Resident Advisor in Financial Market Infrastructures (FMIs) to be based at our Regional Technical Assistance Center covering the Southern African countries (AFS) and is located in Ebene, Mauritius. AFS provides capacity development (CD) in a Results-Based Management (RBM) framework focusing on results. AFS comprises a core team of resident advisors (complemented by short-term experts) under the general supervision of a Center Director.

Description

The Resident Advisor will be located at AFS to enhance beneficiary institutions’ capacity to oversee the FMIs in AFS member countries and develop their national payment systems. The Resident Advisor will help identify and address CD needs, taking account of individual countries’ FMIs and their respective capacity levels. The Resident Advisor will undertake these activities through on- and off-site technical assistance (TA) missions, training engagements and peer-to-peer learning activities either alone or with specialized short-term experts (STX) that are on the IMF’s expert roster.

This is a one-year contractual position, which is renewable for up to four years subject to budget availability and satisfactory performance (totaling a maximum of five years). The expert will be resident in Ebene, Mauritius, with extensive regional travel as deemed necessary by the approved work plan and as requested by the authorities with prior consultation with MCM.

To promote knowledge transfer and facilitate sustainability, the Resident Advisor will also coordinate activities closely with the relevant AFS staff and facilitate the use of STXs to supplement as needed. Specific duties involved in pursuing these objectives include, but are not limited to:

Provide, manage, and coordinate CD in the area of FMIs to the member countries of AFS. The work will include the following:

• Participating in missions, either alone or with STXs, and providing offsite advice;
• Fielding and backstopping STXs and hired by AFS;
• Organizing, conducting and facilitating workshops and/or seminars on relevant topics for members’ staff, both at the country and regional levels, including workshops organized in collaboration with other Regional Technical Assistance Centers (RTACs);
• Arranging visiting attachments for member country central bank staff to other central banks for capacity building purposes;
• Participating in MCM missions and coordinating with MCM on its delivery of TA to AFS member countries within the context of their respective approved work plans;
• Preparing/updating results frameworks (logframes) to design and deliver TA in line with the Fund’s RBM framework, discussing and agreeing with authorities on the milestones expected from CD on a consistent basis, and use the Fund’s RBM IT system CDMAP to track and monitor TA results;
• Preparing required documents prior to and after each mission (both for the Resident Advisor’s and STXs’) for MCM internal review and approval and ensure transmission of final documents to country authorities;
• Preparing regular reports for IMF HQ on ongoing activities;
• Liaising, as applicable, with the country resident advisor in monetary operations and/or in payments system on the TA delivery; and
• Liaising and coordinating on relevant projects with other TA providers working in member countries and with AFS colleagues as necessary.
• Liaising and coordinating on its workplan and relevant projects with its MCM functional backstopper in IMF HQ.

In consultation with MCM and the Center Director, the resident advisor will monitor and oversee his/her project budget, ensuring that the AFS FMI work program and CD activities (e.g., LTX missions, STX missions, work-at-home assignments, workshops, and seminars) are within the annual approved project budget. In collaboration with the country authorities, prepare annual assessments of capacity-building needs in AFS member countries, taking account of previous TA delivery and developing circumstances. This work will include:

• Preparing and maintaining a rolling medium term (about 3-year) work plan in collaboration with the country authorities and in coordination with MCM; and
• Participate in AFS’s annual Steering Committee meetings and provide input into AFS’s Annual and Quarterly Reports.

The expert will strictly observe the code of conduct described in the Long-Term Expert Handbook of the IMF and exercise utmost discretion and confidentiality regarding all matters of official business.

Qualifications

The ideal candidate should have:

Department:

MCMTA Monetary and Capital Markets Dept. Technical Assistance Strategy

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.