The Monetary and Capital Markets Department (MCM) of the
International Monetary Fund (IMF), is seeking an experienced advisor in
central bank monetary operations for a technical assistance (TA)
assignment. The aim of the TA is to work with the Central Bank of
Nigeria to implement reform measures aimed at enhancing the
effectiveness of its monetary policy implementation. These measures
include strengthening institutional arrangements for monetary policy
implementation, improving data availability for effective decision
making, and strengthening operations in the domestic money and foreign
exchange markets to improve the effectiveness of monetary policy
implementation. The successful candidate will be responsible for
delivery of TA in these areas and, generally, will help build the
capacity of the staff to implement monetary policy effectively. This
work will be financed from resources provided by the Department for
International Development (DfID) of the United Kingdom.
Job Title: Resident Advisor in Monetary Operations, Central Bank of Nigeria (MCMTA)
Job Number: 1300714
This is a two-year long-term expert assignment (contractual) based in Abuja, Nigeria.
Tasks
The tasks that the resident advisor will be expected to perform include:
- Liquidity forecasting: strengthening the framework by, in particular, accounting for forecasting errors in terms of the factors that affect liquidity;
- Achieving greater consistency in the application of concepts in data compilation and by assisting in the production of high frequency data, particularly data relating to operations in the money and foreign exchange markets;
- Assisting in the preparation of surveys on expectations and incorporating them into the policy formulation process;
- Studies of and work to improve the transmission mechanism of monetary policy;
- Design of measures to improve the functioning of the money and securities markets, and
- Promote and facilitate the enhancement of coordination on the design of debt instruments, conduct of debt operations.
- Providing the Governor with advice on any other matters, as required, in areas related to the implementation of monetary policy.
- Designing appropriate instruments for monetary policy implementation;
- Building capacity within the CBN in the use of these instruments;
- Promoting and facilitating effective coordination between the Financial Markets Department and the various operational departments in the implementation of monetary policy;
- Advising on foreign exchange operations as appropriate,
- Improving transparency particularly to ensure that the CBN's policy stance is well understood by market participants;
Qualifications
The
desired candidate should have extensive practical experience in
operational work in the conduct of monetary policy, including in areas
such as liquidity forecasting and liquidity management. He or she should
also have experience with making operational a policy decision to move
toward interest rate instruments or an inflation targeting regime. Such
experience would have been acquired in a central bank or by the delivery
of TA through the IMF or other international institutions.
Other qualifications include:
- Considerable experience working in a central bank at both a technical and policy level in the areas related to the duties of the position;
- A postgraduate degree in economics or finance would be desirable, but is not essential;
- Experience in managing technical assistance projects; and
- Experience in organizing and conducting training courses, seminars, and workshops.
- Strong oral and written communications skills in English.
- Excellent interpersonal skills, including the ability to deal effectively with senior policymakers and to work as part of a team that would include staff at the International Monetary Fund Headquarters;
The IMF is committed to achieving a diverse staff, including gender, nationality, culture, and educational background.
How to Apply
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