Monetary Operations and Payment Systems Advisor, AFRITAC West II (MCMTA) job at IMF in Nigeria 2013
Monetary Operations and Payment Systems Advisor, AFRITAC West II (MCMTA)(Job Number:
AFRITAC West II (AFWII) is the IMF-sponsored (in collaboration with several donors) regional technical assistance center for the Economic Community of West African States (ECOWAS), Cape Verde, The Gambia, Ghana, Liberia, Nigeria and Sierra Leone. The Monetary and Capital Markets Department (MCM) will coordinate technical assistance (TA) with AFW II, inter alia, through an advisor on monetary operations and payments systems.
The Monetary Operations and Payments System Advisor (“advisor”) will be assigned to AFWII for an initial period of one year.
AFWII will be located in Accra, Ghana and the post requires extensive travel to member countries to deliver/coordinate TA.
Objectives and Tasks
The aim of the monetary and payments system TA is to enhance practical implementation capacity at recipient institutions (mainly the central banks) for monetary operations in AFWII member countries. The advisor will help identify and address the capacity building and other TA needs, taking account of individual countries’ monetary policy frameworks and capacity levels. To this end, the advisor will:
1. Provide, manage, and coordinate TA on monetary operations and payment systems oversight to AFW II member countries through:
- Missions, either alone or with peripatetic experts that are on MCM’s roster, and offsite advice; at the end of every mission, a draft report will be left with authorities for comment and revised following internal review by MCM and the African Department (AFR);
- Fielding and backstopping experts identified from the MCM roster and hired by AFWII;
- Participation in MCM missions and coordination with MCM on its delivery of TA to the member countries of AFWII to help elaborate and within the context of the AFWII work plan.
- Organization, conduct and facilitation of workshops and/or seminars on relevant topics for members’ staff, at both country and regional levels, including workshops organized in collaboration with other AFW II advisors.
- Arranging visiting attachments for member country central bank staff to other central banks for capacity building purposes;
2. Prepare annual assessments of capacity-building needs in member countries of AFWII, taking account of previous TA delivery and developing circumstances. This work will include:
- Preparation of 12-monthly work plans in collaboration with the country authorities and the Center Coordinator, and in coordination with MCM;
- Delivery an annual report on the achievements of the work plan;
In performing his/her duties, the advisor shall:
- Ensure the assistance provided in his/her area is consistent with the work plan approved by the AFWII Steering Committee.
- Observe the policies and procedures of the IMF and AFWII, exercising the utmost discretion regarding all matters of official business.
- Work directly with central banks and other relevant government agencies.
- Coordinate activities, where appropriate, with other IMF and AFWII advisors, donors, experts, and advisors appointed by other donors.
- Work under the guidance of the AFWII coordinator on day-to-day operational matters, while being responsible to the MCM Technical Assistance Division Chief. On policy analytical matters the advisor will be guided by his/her backstoppers in MCM Central Bank Operations Division.
- Provide a quarterly report to MCM detailing his/her activities and progress in implementing the AFWII work plan. Copies of those reports and MCM’s responses will be provided to the AFWII Coordinator, AFR, and ICD.
The above terms of reference can only be amended with the agreement of the advisor and the IMF.
Remuneration and benefits
The Fund offers a generous compensation package including housing, cost of living, and car allowances, full medical and group life coverage, and retirement plan/indemnity payment.
Target qualifications of the Advisor
The desired candidate would have extensive practical experience in operational work for the conduct of monetary policy and some experience in payment systems oversight. Such experience would have been acquired in a central bank and by the delivery TA through the IMF. She or he would have excellent interpersonal skills and also have the ability to work closely with other organizations, senior government officials and other long-term and short-term experts. Strong reporting, oral and written communication skills are required.