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The IMF’s Monetary and Capital Markets Department (MCM) and the IMF’s East Africa Regional Technical Assistance Center (AFRITAC East), located in Dar es Salaam, Tanzania, is seeking a qualified candidate to fill the position of Resident Advisor Monetary and Foreign Exchange Operations Advisor to deliver training and technical assistance (TA) in various aspects of monetary policy implementation, foreign exchange operations, and the development of relevant financial market infrastructures (FMIs). For the selected candidate, this is a full-time position based in Dar es Salaam with an initial appointment term of one year (renewable).

The primary mission of AFRITAC East is to enhance the economic and policymaking capacity of its eight member countries (Eritrea, Ethiopia, Kenya, Malawi, Rwanda, South Sudan, Tanzania, and Uganda) by providing capacity development (CD)—i.e., training, and TA—under the auspices of the International Monetary Fund (IMF). Operational since 2002, AFRITAC East provides support in building capacity in public financial management and revenue administration, macro-fiscal analysis, monetary and financial sector policies, and macroeconomic frameworks, forecasting, and statistics (for more information, see https://www.eastafritac.org), working closely with CD departments at IMF headquarters.

The selected candidate will report to MCM’s Central Bank Operations Division (MCMCO) for all technical aspects of his/her work, including the set up and management of his/her workplan as an integral part of the delivery of training courses and TA. For all other aspects, the selected candidate will report jointly to MCM’s Technical Assistance Strategy Division (MCMTA) and the AFRITAC East Director. He/she will be involved in leading/contributing to the delivery of training to country officials at facilities in AFRITAC East and in other locations in East Africa.

The selected candidate will also work closely with other IMF and non-IMF CD providers to ensure integration of TA with training and to exploit synergies across other CD programs in AFRITAC East. He/she is also expected to contribute to the operational work, regional visibility, and sound governance of AFRITAC East.

Main Duties and Responsibilities

• Prepare medium-term work plans in collaboration with the country authorities and IMF stakeholders, and prepare annual assessments taking account of previous TA delivery and developing circumstances;
• Provide and manage TA and training on monetary and foreign exchange market operations and financial market infrastructures to member countries directly, and as appropriate, through the use of short-term, including peripatetic, experts;
• Manage the administrative aspects of the TA delivery in coordination with HQ and other development partners including budgetary, logistical and staffing arrangements;
• Prepare required documents prior to and after each mission for MCM internal review and approval, and ensure timely transmission of final documents to beneficiary institutions;
• Organize, conduct and facilitate workshops and/or seminars on relevant topics for members’ staff, both at the country and regional levels; some of these workshops/seminars may be organized in collaboration with other AFRITACs;
• Liaise, as needed, with MCM, other AFRITAC East resident advisors, and other CD providers to ensure complementarity of and avoid overlap in the support provided to member countries.

Qualifications, skills, and experience

• Candidates should have a Ph.D. or Master’s degree in economics or finance, and experience in delivering TA missions and training courses;
• Candidates should have strong analytical skills in central bank operations and finance, and at least five years of practical experience in policy analysis and advice;
• Experience with designing, implementing, and assessing the performance of open market operations, standing facilities, reserve requirements, collateral frameworks, emergency liquidity arrangements in steady state of transitory regimes;
• Sound knowledge in central bank foreign exchange operations, interventions, and exchange rate benchmarks;
• Familiarity with financial market development strategies including the relevant financial market infrastructures and regulatory concepts;
• Experience with econometric forecasting tools is highly desirable, as is an ability to connect theory to practice;
• Exceptional diplomatic, negotiation and influencing skills, and capacity to manage a large number of internal and external stakeholders;.
• Excellent communication skills in English are essential, as are good organization and planning skills, with project management experience desirable;
• Furthermore, a good research record and/or policymaking experience are a plus;
• An understanding of the economies of East Africa would be a plus;
• Candidates should also have a working knowledge or the capacity to learn the IMF’s results-based framework for the management (RBM) of CD and the Capacity Development Management and Administration Program (CDMAP);
• Applicants must be willing to live in Dar es Salaam and travel within the East African region.

Candidates shortlisted for the position will be asked to undertake a quantitative test as part of the selection process.

Department:

MCMTA Monetary and Capital Markets Dept. Technical Assistance Strategy

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. We welcome requests for reasonable accommodations for disabilities during the selection process.