Back Financial Sector Expert/Senior Financial Sector Expert (CBDC) (MCMPI)

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 financial sector expert in the area of macro-financial implications of retail and wholesale central bank digital currencies (CBDC). Many central banks are exploring issuance of CBDC which can bring significant benefits, but also risks. Macro-financial implications cover financial stability, monetary policy effectiveness, capital flows, financial inclusion, market and payment efficiency, the structure of the financial sector, as well as growth and productivity.

This is a three-year term appointment which can be converted to open ended, subject to satisfactory performances and budget availability.

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 CBDC.

The successful candidate will contribute to, and lead, innovative and cutting edge analytical and policy work on macro-financial implications of CBDC. The candidate will build new tools and methodologies to enrich capacity development and surveillance work related to CBDC. Work entails 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, innovative and policy relevant analytical work, including papers in refereed journals and IMF policy papers in the areas of payments and digital money—with an emphasis on macro-financial implications of CBDC.
• Leading, and contributing to, technical assistance missions to member countries, with a focus on evaluating the desirability and design of CBDC.
• Occasionally contributing to bilateral surveillance missions to member countries, such as Financial Sector Assessment Programs (FSAPs) and Article IV missions, with a focus on CBDC.
• Participating in, and supporting, international working groups.
• Contributing actively to the division’s debates, interactions with the private sector, and outreach efforts.

  Requirements

  • An advanced degree in economics, finance or other field relevant to the division’s focus areas, such as monetary policy, financial stability, banking, and/or international finance is preferred.
  • At least four years of relevant experience in working with, or in, central banks and international organizations.
  • Demonstrated capacity in strategic and analytical thinking and sound policy judgment. A proven track record of impactful policy advice and publications in the area of CBDC.
  • Strong analytical skills and a deep understanding international standards and guidance, as well as regulatory frameworks.
  • Experience in leading projects and drafting policy papers.
  • 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 and with country authorities and other international financial organizations.
  • Participation in the work of international standard setting bodies (such as the CPMI), and providing technical assistance and/or bilateral surveillance are a plus.

    Department:MCMPI Monetary and Capital Markets Dept. Payments,Currencies & Infrastructure

    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.