The International Monetary Fund (IMF) is seeking to hire a Counsel/Senior Counsel in the Financial and Fiscal Law Unit (FFL Unit) of its Legal Department.
The primary objective of the FFL Unit is to provide high-quality legal advice in the context of IMF surveillance, lending, and capacity development, while promoting the Fund’s core values of integrity, respect, impartiality and honesty. The FFL Unit provides advice to member countries on the design and implementation of legal reforms, including laws and regulations related to central banking, payment systems, financial institutions and markets, tax, and public financial management. FFL also advises on new trends in the fiscal and financial law space, such as Fintech, CBDC, governance, gender, and climate change. The FFL unit is also involved in legal policy formulation within the Fund and with other international organizations such as the Financial Stability Board (FSB), Organization for Economic Cooperation and Development (OECD), and the United Nations (UN).
Duties and Responsibilities
Under the overall direction of the General Counsel and Director of the Legal Department (LEG) and of the Deputy General Counsel responsible for overseeing the Fintech work of the Department, and the supervision of the Assistant General Counsel responsible for the FFL Unit, the successful candidate will work in the FFL Unit as Counsel/Senior Counsel on banking and financial law issues related to Fintech, including on retail digital payments, cryptoassets-related services, digital banking, and other technological changes in this area. In this respect, the successful candidate’s primary duties and responsibilities will include providing legal advice in the context of the below:
Providing legal advice to the Fund's Executive Board, Fund management, other departments, and other units within the Legal Department in relation to IMF surveillance, FSAPs, financial assistance programs, and capacity development (CD);
Drafting of and advising on legislation for IMF member country authorities;
Participating in Fund missions and engaging in pre-mission research and pre- and post-mission work;
Contributing to, and commenting on Fund policy and analytical papers as well as other publications of the Fund; and
Carrying out other assignments as instructed by the General Counsel or the Assistant General Counsel in charge of the FFL Unit.
The successful candidate would also be involved in the broader range of subject areas of the FFL Unit.
An advanced university degree in law is required. A minimum of four years (seven years preferred) of relevant professional experience with direct involvement in issues of financial law are also required, including at least 3 years acquired with a central bank, supervisory agency, or the private sector working and advising on legal and regulatory issues related to the adoption of new technologies in the area of financial sector such as in retail digital payments, cryptoassets-related services digital banking, and other broader Fintech issues. The successful candidate will have also reviewed and/or drafted legislation or regulation in at least some of the broader fields described above.
The successful candidate will have to be pro-active and a critical thinker, with excellent analytical skills, written and oral communication skills, sound judgment, demonstrated initiative and adaptability, an ability to work autonomously with minimal supervision, excellent planning and organization skills with a capacity to lead or coordinate projects, and a strong ability to work collaboratively with colleagues at all levels and of different cultural backgrounds and with other international organizations and stakeholders. Knowledge of languages other than English with professional-level fluency would be an asset.
This vacancy shall be filled by a 3-year Term appointment in accordance with the Fund’s new employment rules that took effect on May 1, 2015.