Financial Sector Expert/Senior Financial Sector Expert- HQTA (MCMFS)

International Monetary Fund • Washington, DC

4d • Onsite

About The Position

The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) has a contractual HQTA vacancy in the Financial Sector Assessment and Policies (FS) Division for an experienced expert with outstanding skills in risk analysis, stress testing, and financial stability/systemic risk analytics. The expert will be based in the IMF's headquarters in Washington, D.C. The FS division has four main roles: (1) managing and reviewing the Financial Sector Assessment Program (FSAP), including its financial stability risk assessment; (2) developing FSAP policies and instruments, including integrating the FSAP with other financial surveillance; (3) developing, applying, and evaluating analytical tools for financial stability assessment (including stress testing, macroeconomic models with financial sector, household and corporate vulnerability analysis with micro data, interconnectedness, spillover analysis, and other macro-financial analyses); and (4) disseminating the analytical tools to internal and external audiences through technical assistance, technical cooperation, and teaching. The selected candidate is expected to join FSAPs as a stress tester (or mission leader) and play an active role in the Division’s analytical agenda, often through FSAP work. The agenda includes (a) developing, improving, and applying stress testing and systemic risk assessment tools for FSAPs; (b) developing tools for assessment of emerging issues, such risks from NBFIs and market finance; and (c) strengthening system-wide risk analysis addressing bank-NBFI, NBFI-NBFI interconnectedness and risks from cross-border financial flows using transaction-level or other micro-level data. In addition, he/she would be expected to contribute to the Division’s regular review work largely for FSAPs, as well as support the Division-wide projects such as producing board papers. The work will involve active collaboration with specialists inside and outside the Fund, interactions with senior staff and country authorities and participation in technical assistance and teaching in quantitative risk assessment.

Requirements

• Advanced university degree (Ph.D. preferred) in economics, finance, or a related field
• At least four years of relevant experience
• Motivated, innovative candidate, familiar with or capable of learning technical work on assessing financial stability
• Comfortable with econometric modeling (e.g., panel regressions and structural vector autoregressions)
• Ability to keep up to date on policy analysis and research in the fast-growing field of quantitative financial stability analysis
• Team player
• Demonstrated capacity to deliver under tight deadlines
• Strong oral and written communication skills

Nice To Haves

• Capacity to code in some quantitative modeling software, such as MATLAB, R, Python, and Stata
• Capacity to adopt advanced AI tools for risk analysis

Responsibilities

• Managing and reviewing the Financial Sector Assessment Program (FSAP), including its financial stability risk assessment
• Developing FSAP policies and instruments, including integrating the FSAP with other financial surveillance
• Developing, applying, and evaluating analytical tools for financial stability assessment (including stress testing, macroeconomic models with financial sector, household and corporate vulnerability analysis with micro data, interconnectedness, spillover analysis, and other macro-financial analyses)
• Disseminating the analytical tools to internal and external audiences through technical assistance, technical cooperation, and teaching
• Joining FSAPs as a stress tester (or mission leader) and playing an active role in the Division’s analytical agenda, often through FSAP work
• Developing, improving, and applying stress testing and systemic risk assessment tools for FSAPs
• Developing tools for assessment of emerging issues, such risks from NBFIs and market finance
• Strengthening system-wide risk analysis addressing bank-NBFI, NBFI-NBFI interconnectedness and risks from cross-border financial flows using transaction-level or other micro-level data
• Contributing to the Division’s regular review work largely for FSAPs
• Supporting Division-wide projects such as producing board papers
• Active collaboration with specialists inside and outside the Fund
• Interactions with senior staff and country authorities
• Participation in technical assistance and teaching in quantitative risk assessment

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Ph.D. or professional degree