Job Vacancy at International Monetary Fund – Resident Advisor on Banking Sector Regulation and Supervision at the Bank of Sierra Leone (MCMTA)

Work for the IMF. Work for the World.

The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) is seeking an experienced expert to work as a Resident Advisor on Banking Sector Regulation and Supervision at the Bank of Sierra Leone (BSL) located in Freetown, Sierra Leone. The selected candidate will initially work remotely but will eventually be stationed in Freetown as soon the IMF’s COVID-19 related travel guidelines permit. This is a one-year contractual position which may be extended for one additional year subject to budget availability and satisfactory performance of the Advisor.

This capacity development work is financed by the Financial Sector Stability Fund (FSSF).

Description

This appointment will support the BSL in safeguarding financial sector stability through strengthening its capacity and operational framework to regulate and supervise the banking system. The Advisor will help the BSL upgrade and finalize the regulatory framework for capital adequacy, loan classification and provisioning as well as for credit, market and operational risk. The advisor will also support work to ensure that an effective supervisory framework is in place to implement the provisions of the Banking Act 2019 and the upgraded regulations.

The specific duties of the Advisor will be to:

• Prepare a banking sector regulation and supervision workplan in consultation with the MCM technical back-stopper, the MCM country Technical Assistance (TA) Manager and the country authorities.
• Manage and deliver this workplan while ensuring that activities are proportionate to the size and complexity of the local financial system.
• Organize and deliver training, workshops, seminars on financial sector supervision to build capacity including practical supervisory know-how at the BSL.
• In consultation with MCM’s Financial Supervision and Regulation (MCMFR) and Technical Assistance Strategy (MCMTA) divisions, coordinate with the African Department’s Sierra Leone team and resident representative on activities and progress of the workplan and how it could best support policy work.
• Coordinate activities, where appropriate, with the Resident Advisor on financial sector supervision at AFRITAC West II, other IMF staff, development partners, experts, and advisors appointed by other Capacity Development (CD) providers.
• Prepare a results framework (logframe) to deliver the TA in line with the Fund’s Results-Based Management (RBM) framework. Discuss and agree with the country authorities on the outcomes and milestones expected from the TA. Use the Capacity Development Management and Administration Program (CDMAP) system to track and update TA results.

Qualifications

The candidate should have at least seven (7) years of relevant experience in a financial sector supervisory agency and in-depth understanding of international standards for banking and experience of their implementation at a national level.

Other qualifications include:

• A graduate degree in economics, finance, accounting, or a related area.
• An excellent command of English (oral and written).
• Excellent interpersonal skills, and ability to work as part of a team, including other long-term and short-term experts; to maintain effective and cooperative relations with national authorities (including senior government officials) and development partners; and to handle sensitive issues with discretion in a multicultural environment;
• Willingness to work remotely if required in line with IMF requirements.

Compensation and benefits will be competitive and commensurate with the successful candidate’s skills and experience.

The IMF is committed to achieving a diverse staff, including gender, nationality, culture, and educational background.

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.

How to Apply

Qualified and interested individuals should click on the button below to apply.

 

 

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