HQTA Financial Sector Expert/ Senior Financial Sector Expert (Climate Risk Analysis and Stress Test) - MCMFS

Work for the IMF. Work for the World.

 

The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) has a vacancy in the Financial Sector Assessment and Policies (FS) Division for an expert with skills in climate risk analysis and stress testing. The expert will be based in the IMF's headquarters in Washington, D.C. This is a two-year contractual appointment renewable up to four years, subject to performance and in accordance with the Fund’s categories of employment.


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, climate risk analysis, 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. With rising demand for climate-related financial sector policy work, the FS division is scaling up its capacity to assess climate risks facing the financial sector.


The selected candidate is expected to join FSAPs to undertake climate risk analysis and play an active role in the Division’s analytical agenda on climate risk analysis. The agenda includes (a) developing, improving, and applying climate risk stress testing; (b) developing tools for assessment of climate physical and transition risk; and (c) integrating climate risks in macro-financial analysis (e.g. embedding climate risks in macro and sectoral models and household and corporate vulnerability analysis with micro 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 also participation in technical assistance and teaching in the area of climate risk assessment.


Qualifications


The successful candidate should possess an advanced university degree (Ph.D. preferred) in economics, environmental or climate science, environmental or climate economics, finance, or a related field.

 
We are in search of a motivated, innovative candidate, familiar with or capable of learning technical work on assessing climate risk and its implications for financial stability and macro-financial linkages. Specifically, we are looking for someone experienced in designing scenarios for climate physical and transition risks and performing stress testing to cover both risks. An in-depth knowledge of relevant models, empirical methods and datasets used to analyze climate change is required. Experience in performing stress testing to cover physical and transition risks and capacity to code in MATLAB, R, and other quantitative modeling software would be desirable. The candidate should be able to keep up to date on research in the fast-growing field of climate risk 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.

 

Department:

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

Hiring For:

A11, A12, A13, A14 

The IMF is committed to achieving a diverse staff, including age, creed, culture, disability, educational background, ethnicity, gender, gender expression, nationality, race, religion and beliefs, and sexual orientation.