Work for the IMF. Work for the World.
The International Monetary Fund (IMF) has an opening for an HQTA (Financial Sector Expert/Senior Financial Sector Expert) in its Monetary and Capital Markets (MCM) Department, Global Markets Analysis (GA) Division. The appointment is for a contractual period of two years and can be extended to a maximum of four years, subject to budget availability and incumbent's satisfactory performance. The incumbent will be based in the IMF's headquarters in Washington, D.C. The main objectives of the GA Division include:
- Striving to be at the leading edge of financial market developments that have potential financial stability implications for mature and emerging markets, by monitoring markets on a daily basis, gathering market intelligence, and analyzing financial market developments and linkages;
- Providing in-depth analysis of key financial vulnerabilities and risk transmission channels that have potential implications for the global financial stability in the semi-annual Global Financial Stability Report (GFSR).
The duties and responsibilities of the HQTA (Financial Sector Expert/Senior Financial Sector Expert) include the following:
- Play a key role, under the direction of the Division Chief, in analyzing global financial market developments and financial vulnerabilities for the Global Financial Stability Report (GFSR), including in developing innovative methods to analyze risks and vulnerabilities in banks and other financial institutions; money, credit, and foreign exchange markets, among others.
- Assist in developing policy recommendations, in conjunction with experts in other divisions, for mature or emerging market financial policy makers with a key focus on financial institutions, particularly on banking. Play a substantial role in drafting the GFSR, under the direction of the Division Chief and Deputy Division Chiefs.
- Work with division and departmental management teams to develop themes and methods to analyze global financial stability risks.
- Play a significant role in interdepartmental forums to present departmental views on financial market developments and risks. Prepare detailed written analyses and present oral briefings on market developments to IMF staff.
- Monitor financial market developments on a day-to-day and longer-term basis with a view to producing analyses of key financial vulnerabilities, including linkages between the financial sector and the macroeconomy. Participate in analysis of banks, money, credit, structured credit, interest rate-linked and currency markets; and provide guidance on other asset markets. Assume responsibility for covering one or more regions for the daily Global Markets Monitor.
- Carry out financial and peer analysis related to the impact of market/credit/liquidity/ funding risks on the soundness of systemically important financial institutions.
- Participate in, under the direction of the Division Chief or Deputy Division Chief, market surveillance missions to key financial centers and maintain dialogue with financial market participants to obtain context for asset price movements and ascertain market views on asset allocation trends, market innovations, and key market risks.
- Communicate and collaborate with outside authorities (regulators, supervisors, central banks) and market participants (banks, nonbanks) on issues pertaining to the build-up of risk in different segments of the financial system; and carry out presentations on behalf of the IMF on the above topics.
- Perform financial market and macro modeling and analysis of asset allocations.
- Develop tools for credit risk evaluation, default analysis, pricing, and risk models.
Requirements for this position include the following:
- Advanced degree in economics, finance, business administration, or a related field.
- Established track record of at least four years in the financial industry, a central bank, or research experience, or other related experience that offers a unique set of skills in market analysis, policy making, and economic research not readily found at the IMF.
- Demonstrated knowledge of financial instruments, financial market structure, and good understanding of portfolio management.
- Solid understanding of economic theory, monetary policy, and balance of payments analysis.
- Demonstrated skills in analyzing and interpreting price action across a range of complex asset markets beyond the core fixed income and foreign exchange firm understanding of emerging market credit analysis.
- Hands-on experience in at least one major equity, fixed-income or foreign exchange market role would be an advantage.
- Proven ability to interpret and analyze complex market developments under pressure and provide concise, articulate and insightful analysis in oral and written form.
- Ability to work independently in a high-performance team atmosphere.
- Familiarity with financial market data, macroeconomic data, bank balance sheet data, and latest econometric techniques and software, and ideally, proficiency in some aspects of financial and macro modeling.
- Ability to cultivate and maintain relationships with banks, hedge funds, asset management, ratings agencies, regulatory agencies, central banks, and market groups at other multilateral institutions.
MCMGA Monetary and Capital Markets Dept. Global Markets Analysis
A11, A12, A13, A14
The IMF is committed to achieving a diverse staff, including gender, nationality, culture, and educational background.