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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.

Qualifications

The successful candidate should possess an advanced university degree (Ph.D. preferred) in economics, finance, or a related field. with at least four years of relevant experience. We are in search of a motivated, innovative candidate, familiar with or capable of learning technical work on assessing financial stability. Specifically, we are looking for someone comfortable with econometric modeling (e.g., panel regressions and structural vector autoregressions). Capacity to code in some quantitative modeling software, such as MATLAB, R, Python, and Stata, and/or adopt advanced AI tools for risk analysis would be desirable. The candidate should be able to keep up to date on policy analysis and research in the fast-growing field of quantitative financial stability analysis. The candidate must be a team player, with demonstrated capacity to deliver under tight deadlines as well as strong oral and written communication skills.

This is a 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.

Department:

MCMFS Monetary and Capital Markets Dept. Fin Sector Assessments & Policies

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.

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