Job Advertisement at International Monetary Fund
POSITION: Resident Advisor in Financial Sector Supervision
Job Description
The International Monetary Fund (IMF) is looking for a seasoned professional to serve as a Resident Advisor in Financial Regulation and Supervision within the Monetary and Capital Markets Department (MCM) at the Regional Capacity Development Center for West Africa (AFRITAC West2 – AFW2) located in Accra, Ghana. AFW2 encompasses six regions in the area, specifically Cabo Verde, The Gambia, Ghana, Liberia, Nigeria, and Sierra Leone. This is a long-term expert (contractual) role with an initial duration of twelve months, which may be extended generally for three to five years depending on performance and availability of funding.
The International Monetary Fund (IMF) AFRITAC West 2 Regional Training and Technical Assistance Center (AFW2) is an institution funded by multiple donors, offering capacity enhancement (technical assistance (TA) and training) in economic and financial management to its six member nations. The advisor will join the AFW2 team (https://www.afritacwest2.org) and will receive support from the IMF’s MCM Department.
Duties and responsibilities
The resident advisor will address capacity development and cooperation inquiries received from AFW2 members and is anticipated to travel or offer remote support to these nations to fulfill the designated responsibilities. The advisor is to coordinate/lead chosen training for the member nations at AFW2. By developing well-ranked medium-term work plans, s/he will be expected to support AFW2 members by:
- Overseeing and providing TA on financial sector oversight and regulation to AFW2 member nations, both directly and via short-term specialists (supported by the resident advisor).
- Assessing the condition of financial sector regulation and oversight and suggesting enhancements to the regulatory and supervisory structure.
- Counseling on, and assisting in executing, enhancements in systems for licensing and for performing combined onsite and offsite group oversight.
- Counseling on and assisting with the implementation of enhancements in the organizational framework for oversight.
- Consulting on and assisting in the execution of enhancements in systems for both domestic and international supervisory collaboration and information sharing.
- Providing guidance on and assisting with the execution of risk-based supervision, encompassing the nonbank financial sector.
- Assisting the nations in the region with their execution strategies for the Basel Capital Adequacy Framework and various international standards.
- Formulating detailed suggestions regarding the essential legislative, regulatory, and operational measures to enhance the regulation and oversight of the financial sector.
- Engaging with local supervisors and delivering on-the-job training as needed to assist in implementing measures aimed at enhancing financial sector regulation and oversight.
- Updating the MCM back-stoppers on significant advancements.
- Making certain that all guidance offered by the advisor aligns with IMF policies.
Qualifications
The chosen candidate must be capable of showcasing creativity and initiative and possess:
- A minimum of seven (7) years of experience in a supervisory agency within the financial sector, comprehensive knowledge of international banking regulation and supervision standards, and practical experience applying these standards at the national level.
- Having expertise in providing technical assistance in this area is beneficial.
- A postgraduate degree in economics, finance, or a similar field.
- Outstanding interpersonal abilities, encompassing the capacity to collaborate effectively with high-ranking policymakers in the area and the donor community, to guide teams of senior specialists, and to function within a team that would involve personnel at IMF headquarters as well as in AFW2.
- Excellent spoken and written communication abilities in English, encompassing presentation skills to assist with training-related tasks.
- Strong organizational and time management abilities to juggle the expectations of member countries alongside the duties and responsibilities of MCM and AFW2.
How to Apply for this Job Advertisement at International Monetary Fund
Closing Date: April 27, 2025
NOTE:
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