Work for the IMF. Work for the World.
The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) ) is seeking to recruit an experienced and well-qualified expert to work as a Resident Advisor in financial supervision and regulation at the Regional Technical Assistance Center for West Africa (AFRITAC WestโAFW), based in Abidjan, Cรดte dโIvoire. The assignment is for an initial term of one year, with a possibility of an extension typically up to a maximum of five years based on performance and funding availability.
AFW is a multi-donor-financed institution, providing capacity development (CD)โtechnical assistance (TA) and trainingโ in economic and financial management to its member jurisdictions. AFW covers 10 jurisdictions in the region, namely Benin, Burkina Faso, Cรดte d'Ivoire, Guinea, Guinea-Bissau, Mali, Mauritania, Niger, Senegal, and Togo. All countries except Guinea and Mauritania belong to the West African Economic and Monetary Union (WAEMU). French is the official and working language in Guinea, Mauritania, and WAEMU.
The selected resident advisor will assist participating jurisdictions in developing financial sector supervision and regulation capacities, primarily in banking and, where relevant, in selected nonbank areas. The resident advisor will be part of the AFW team (https://www.afritacouest.org/ ) and backstopped by the MCM department of the IMF.
Duties and Responsibilities
The selected resident advisor will identify and address capacity building and technical assistance needs of AFW members, considering requests received by AFW in the area of financial sector regulation and supervision, ensuring that recommended action plans are proportionate to each countryโs supervisory capacity and the risk profile of its financial system.
The position will require frequent travel to the AFW member jurisdictions and, when necessary, provide capacity development remotely. It will also involve managing a portfolio of short-term experts, included in the IMF expert roster to support the implementation of the resident advisorโs annual workplan. This workplan will focus on the implementation of international standards and good practices in financial regulation and supervision in AFW member-countries, bearing in mind the principle of proportionality. The plan is developed under the IMFโs Results-Based Management (RBM) framework. By elaborating well-prioritized medium-term work programs, the resident advisor will assist AFW member jurisdictions by:
Managing and delivering TA on financial sector supervision and regulation , directly and through short-term experts (who would be backstopped by the resident advisor).
Preparing required documents prior to and after each mission for MCM internal review and approval and ensure transmission of final documents to the relevant authorities.
Evaluating the status of financial sector regulation and supervision and providing recommendations on improving the regulatory and supervisory frameworks.
Advising on, and helping to implement risk-based and proportionate supervision of the financial sector, including for the nonbank financial institutions
Providing support to the AFW member jurisdictions in their implementation plans of the Basel Framework and other international standards in a proportionate manner.
Preparing specific recommendations on the necessary legislative, regulatory, and operational steps to improve financial sector regulation and supervision.
Coordinating CD delivery, and directly delivering CD activities, in line with the AFW CD work plan in financial supervision and regulation. In that regard, organize CD activities in a format that is tailored to the needs of CD recipient authorities, such as TA missions, training workshops, regional seminars, or peer-to-peer learning.
Keeping the MCM back-stoppers up to date on major developments.
Observing the policies and procedures of the IMF, applying the RBM strategic framework in guiding the capacity development activities undertaken. (The RBM framework focuses on performance and achievement results, supported by the Fundโs Capacity Development Management and Administration Program (CDMAP)).
Leading annual work planning and budgeting for the CD program in AFW on financial sector supervision and regulation and contributing to outreach activities and reports on the Centerโs activities.
Ensuring that any advice provided by the resident advisor is in line with IMF policies.
Qualifications
The successful candidate should be able to demonstrate strong analytical and problem-solving skills, sound judgement, motivation, and initiative, and should have:
At least seven (7) years or relevant experience in banking supervision and regulation, acquired primarily in a central bank or an official financial supervisory agency.
In-depth understanding of international standards, particularly those for banking, and proven track record of adapting and implementing them within national supervisory frameworks.
A degree in economics, finance, accounting, or a related area.
Strong oral and written communication skills in French (native or equivalent), and at least a good working level command of English, including presentational skills in support of training-related activities.
Excellent interpersonal skills, including the ability to work effectively with senior policymakers in the region and the donor community, to lead teams of senior experts, to work as part of a team that would include staff at IMF headquarters as well as in AFW, and to handle sensitive issues with discretion in a multicultural environment.
Proven organizational and time-management skills to manage complex workloads and deliver results while balancing competing priorities across diverse stakeholders.
Department:MCMTA Monetary and Capital Markets Dept. Technical Assistance Strategy
Hiring For: A11, A12, A13, A14
The IMF is guided by the principle that the employment, classification, promotion, and assignment of staff shall be made without discrimination against any person. We welcome requests for reasonable accommodations for disabilities during the selection process. Information on how to request accommodations will be provided during the application process.