The Monetary and Capital Markets (MCM) Department of the International Monetary Fund is seeking a Senior Financial Sector Expert with expertise in debt management and debt capital market issues to join its Debt and Capital Market Instruments Division.
MCM provides policy and technical advice to IMF member countries, monitors trends, and develops analytical tools and best practices in the area of sovereign debt strategies and debt capital markets. Its advice focuses on how to formulate effective debt management strategies, raise the required financing, deepen the domestic sovereign debt markets, extend the investor base, and design and execute liability management operations, such as buybacks or debt exchanges and debt restructuring.
The Senior Financial Sector Expert will work in further developing methodologies, models, and good practices to assess risks and inform country authorities' prudent management of their assets and liabilities, including contingent liabilities. The expert is expected to support the IMF's broader surveillance activities by monitoring and analyzing risks and vulnerabilities in debt structures and debt markets on a cross-country basis, and assess structural trends and systemic risks in non-bank sectors.
The selected candidate will participate in technical assistance and country missions (including UFR, Article IV and FSAP missions), contribute to the preparation of relevant technical and operational notes and board papers, and develop and deliver training workshops and seminars. The expert will interact with private creditors, private investors in sovereign debt, peers in central banks, ministries of finance, debt management offices and academia. The expert is expected to be actively involved in the preparation of forums and conferences, and the delivery of presentations at such venues.
The candidate should have an advanced academic degree in Finance, Economics, or related fields and have a strong background in macroeconomics and finance. In addition, the Senior Financial Sector Expert should have a minimum of 10 years experience in policy and operational aspects of the above mentioned issues, preferably with a mix of public sector and capital markets experience. Experience in debt restructuring, primary origination, quantitative analysis on debt capital market issues would be a significant advantage, along with the ability to assess balance sheet risks, debt structures, and debt composition. The position requires strong analytical skills and excellent written and oral communication skills in English; fluency in French or Spanish would be an advantage. The ability to work independently as well as constructively in teams under very tight deadlines and unpredictable schedules will be essential.