Resident Advisor in Central Bank Operations (SEETAC) (MCMTA)

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Resident Advisor in Central Bank Operations (SEETAC) (MCMTA)

senior · Other

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 serve as Resident Advisor on Central Bank Operations at the Southeast Europe Technical Assistance Center (SEETAC). SEETAC—the IMF’s newest regional capacity development center (RCDC) for the Western Balkans and Moldova— will begin operations in January 2027. It will support member countries in the region—Albania, Bosnia and Herzegovina, Kosovo, North Macedonia, Moldova, Montenegro, and Serbia—strengthen their capacity to design and implement sound economic policies. SEETAC experts will deliver tailored, high-quality, and practical technical assistance (TA) and training in areas critical to sound macroeconomic management and in core areas of IMF expertise, including fiscal policy, monetary and financial sector policies, macroeconomic forecasting and policy, macroeconomic statistics, legal frameworks and institutions, and cross-cutting issues. The activity of the Center will be complemented by continued TA delivery from IMF HQ and training at the Joint Vienna Institute.

This assignment is based in Rome, Italy, with a twelve‑month initial term and the possibility of extension—typically up to three to five years—based on performance and funding availability.

Duties and Responsibilities

The Resident Advisor will help support the continued modernization of central bank operations and governance across the region, tailoring advice to country-specific needs and responding to TA requests from SEETAC members. The Resident Advisor will help the authorities design and implement well-prioritized medium-term CD work programs by:

• Delivering TA on governance, accounting and central bank financial reporting, central bank communication and transparency, monetary policy implementation and domestic market operations, FX policy implementation, FX reserve management, and FX market development, and central bank liquidity backstops for financial stability, directly and through short-term experts backstopped by the Resident Advisor.

• Assessing monetary frameworks and advising on central bank operations in line with monetary policy regimes and the central bank mandates.

• Developing recommendations for legislative, regulatory, and operational reforms to improve monetary and foreign exchange market operations.

• Preparing documents for MCM and other Fund departments’ internal review and approval before and after missions and ensuring timely delivery of final outputs to country authorities.

• Coordinating and delivering CD activities under SEETAC’s CD workplan on central bank operations, including TA missions, regional workshops and seminars, and peer-to-peer learning, tailored to member countries’ needs.

• Keeping MCM backstoppers informed of key developments.

• Coordinating with other CD providers on central bank operations to promote complementarity, avoid duplication of efforts, and ensure efficient use of CD resources. Liaise with donor representatives active in the field if needed.

• Observing IMF policies and procedures and applying the results-based management (RBM) strategic framework to guide CD activities. The RBM framework focuses on performance and achievement results, supported by the Fund’s Capacity Development Management and Administration Program (CDMAP).

• Leading annual work planning and budgeting for SEETAC’s CD program on central bank operations, contributing to outreach activities, and reporting on the Center’s activities.

• Ensuring that all advice is consistent with IMF policies.

Qualifications

The successful candidate should demonstrate initiative and creativity and preferably have:

• At least five years of experience working in a central bank, in-depth understanding of international standards and good practices for monetary and foreign exchange market operations and experience of their implementation at the national and/or international level.

• A graduate degree in economics, finance, accounting, or a related field.

• Strong oral and written communication skills in English.

• Strong drafting and reporting skills, with an ability to deliver high-quality CD outputs.

• Excellent interpersonal skills, including the ability to: (i) work effectively as part of a team, including with short-term experts and HQ staff; (ii) build effective relationships with CD recipient authorities, including senior government officials; and (iii) handle sensitive and confidential matters with discretion in a multicultural environment.

• Willingness, capacity, and commitment to undertake extensive travel within the region to support in-person CD delivery.

• Proficiency in modern computer systems and applications, including AI.

• The successful candidate would be selected based on a written test and a panel interview.

Compensation and benefits are competitive and commensurate with qualifications and experience.

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The 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.