Work for the IMF. Work for the World.
The Monetary and Capital Markets Department (MCM) has a vacancy in the Payments, Currencies, and Infrastructure (PI) division for an experienced and motivated (senior) financial sector expert in the area of payments and payment infrastructures. The area remains key to the functioning of countries’ financial systems. It is also undergoing significant transformation, with the implementation of fast payment systems and their linking across borders, and the advent of new private means of payment including e-money and stablecoins.
This is a contractual appointment for two years and can be extended to a maximum of four years, subject to budget availability and satisfactory performance.
The PI division works with countries directly through technical assistance and surveillance and aims to offer intellectual leadership through analytical work. The division covers financial market infrastructures (FMIs) including payment systems, cross-border payments, digital money and assets including tokenization, as well as central bank digital currencies (CBDC).
The successful candidate will contribute to IMF's capacity to monitor and guide the evolving landscape of payments and payment infrastructures, including cross-border; schemes, and instruments, ideally also including stablecoins; observance of international standards, and impact on financial stability. Work entails close collaboration with external stakeholders and international bodies such as the Committee on Payments and Market Infrastructures (CPMI), the BIS, and the Financial Stability Board (FSB).
Responsibilities
Leading and contributing to technical assistance missions to member countries, with a focus on regulation, supervision, and risk management of payment infrastructures, as well as novel solutions for improving cross-border payments.
Leading and contributing to bilateral surveillance missions to member countries, such as Financial Sector Assessment Programs (FSAPs) and Article IV missions, with a focus on the assessment of payment infrastructures and cross-border payments.
Leading and contributing to innovative and policy relevant analytical work in the area of payments and payment infrastructures with a focus on financial stability, also taking account of digital innovations.
Participating in, and supporting, international working groups.
Contributing actively to the division’s debates, interactions with the private sector, and outreach efforts.
Requirements
Advanced degree in Economics, Finance or related field. At least four years of relevant experience showing progressively more responsibility with a focus on payments, notably on overseeing, supervising, assessing, and developing payment infrastructures.
Demonstrated capacity in strategic and analytical thinking and sound policy judgment. A proven track record of impactful policy advice and publications in the area.
Strong analytical skills and a deep understanding international standards and guidance, as well as regulatory frameworks.
Experience in leading projects and drafting policy papers.
Participation in, or special familiarity with, the work of international standard setting bodies (such as the CPMI).
Experience working with or in central banks, international bodies, and/ or standard-setting bodies.
Experience in providing technical assistance and/or bilateral surveillance is preferred.
Excellent writing and verbal communication skills.
Strong initiative and organization skills.
Excellent team player, diplomatic and partnership skills, and the ability to build/maintain relationships across the Fund, with country authorities, and other international financial organizations.
Department:
MCMPI Monetary and Capital Markets Dept. Payments,Currencies & InfrastructureHiring For:
A11, A12, A13, A14The 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.