Resident Advisor in Financial Sector Supervision and Regulation (SARTTAC) (MCMTA)

Overview

The role involves assisting participating countries in developing their financial sector supervision and regulation capacities, with a focus on the banking sector, and leading/organizing training for member countries.

Key Responsibilities

• Managing and delivering TA on financial sector supervision and regulation to SARTTAC member countries, directly and through short-term experts.
• Preparing required documents prior to and after each mission for MCM internal review and approval and ensuring transmission of final documents to the relevant country authorities.
• Evaluating the status of financial sector supervision and regulation and making recommendations on improving the regulatory and supervisory framework.
• Advising on, and helping to implement, improvements in systems for licensing and for conducting consolidated onsite and offsite group supervision.
• Advising on, and helping to implement, improvements in the organizational structure for supervision.
• Advising on, and helping to implement, improvements in systems for domestic and cross-border supervisory cooperation and information exchange.
• Advising on, and helping to implement risk-based supervision, including for the nonbank financial sector.
• Providing support to the countries in the region for their implementation plans of the Basel Capital Adequacy Framework and other international standards.
• Preparing specific recommendations on the necessary legislative, regulatory, and operational steps to improve financial sector supervision and regulation.
• Interacting with local supervisors and providing on-the-job training as necessary to help implement measures to strengthen financial sector supervision and regulation.
• Conducting, facilitating, or otherwise participating in in country or regional workshops and seminars/webinars, including collaborating with other resident advisors in SARTTAC.
• Keeping the MCM back-stoppers up to date on major developments.
• Observing the policies and procedures of the IMF, applying the results-based management (RBM) strategic framework in guiding the capacity development activities undertaken.
• Leading annual work planning and budgeting for the capacity development program in SARTTAC on financial sector supervision and regulation and contributing to outreach activities and reports on the Center’s activities.
• Ensuring that any advice provided by the advisor is in line with IMF policies.

Required Experience

At least seven (7) years of experience working in a financial sector supervisory agency, in-depth understanding of international standards for banking supervision and regulation, and experience of their implementation at the national level.

Qualifications

A master’s degree in economics, finance, accounting, or a related area.

Other Details