Counsel/Senior Counsel (Job Number: 1900155)
The International Monetary Fund (IMF) is seeking to fill a Term staff Counsel/Senior Counsel position 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, financial assistance programs, technical assistance, and Financial Sector Assessment Programs (FSAPs). The FFL Unit provides advice to member countries on laws and regulations respecting central banks, financial institutions and markets (e.g., the regulation and resolution of financial institutions, financial markets infrastructures, Fintech) as well as fiscal laws (taxation and public financial management (PFM)). It contributes to the formulation of legal policies in its areas of expertise, within the Fund and with other international organizations (Financial Stability Board (FSB), Organization for Economic Cooperation and Development (OECD), and the United Nations (UN)), and advises on the design and implementation of legal reforms under Fund-supported programs. The FFL Unit also provides legal advice regarding the intersection of fiscal law with financial law (e.g. banking sector taxation, public debt instruments, temporary public funding to distressed financial institutions). The successful candidate will be appointed on a three-year Term appointment.
Duties and Responsibilities
Under the overall direction of the General Counsel and Director of the Legal Department (LEG), and the supervision of the Deputy General Counsel responsible for the FFL Unit, the successful candidate will work as Counsel/Senior Counsel and carry out a number of duties and responsibilities in the financial law team advising on the legal framework for the supervision, regulation and resolution of financial institutions.
Within these subject areas, the primary duties and responsibilities will include:
1. In the context of IMF surveillance, FSAPs, financial assistance programs, and TA, providing legal advice to the Fund’s membership, Executive Board, Fund management, other departments, and to other units within the Legal Department as required;
2. Drafting of, and advising on, legislation in IMF member countries;
3. Participating in Fund missions and engaging in pre- and post-mission research and reviews;
4. Engaging in research and reviews;
5. Contributing to, commenting on, Fund policy and analytical papers as well as other publications of the Fund in the area of financial sector, as well as on areas at the intersection between fiscal law and financial law;
6. Organizing and delivering presentations and seminars at the premises of the Fund and in member countries; and
7. Carrying out other assignments as instructed by the General Counsel or the Deputy General Counsel in charge of the FFL Unit.
Candidates must possess an LLM, JD, LLB, or equivalent, and must be eligible to practice law. In addition, candidates must possess at least four years of significant, relevant professional legal experience. In particular, the successful candidate will have advised on legal and regulatory issues related to the supervision, regulation and resolution of financial institutions (such as supervisory regimes and financial regulatory issues, resolution regimes and financial safety nets, legal responses to financial crises, legal treatment of financial products). The successful candidate will have reviewed and drafted legislation or regulation in at least some of these subject areas. This working experience, acquired in the public sector (e.g. with central banks, supervisory or resolution authorities, ministries of finance, deposit guarantee agencies) or in the private sector, should include advising on these matters from a public policy perspective.
It is expected that the successful candidate will be willing to gain expertise in other areas of practice where the FFL unit is advising (central banking, financial markets infrastructures, fintech) as well as on issues at the intersection between financial and fiscal law.
The successful candidate will have excellent analytical skills, written and oral communication skills, sound judgment, and a strong drive for results. He/she will have strong interpersonal skills and a demonstrated ability to build effective working relations within and outside the Fund. Knowledge of languages other than English with professional-level fluency would be an asset.
The IMF is committed to achieving a diverse staff, including gender, nationality, culture and educational background...