Advisor/Assistant Director - Office of Risk Management (ORM)

Work for the IMF. Work for the World.

The Fund is engaged in a significant enhancement of its Enterprise Risk Management (ERM) framework to bring the scope and operations in line with those in other major organizations and international bodies. The scope of the ERM framework covers all activities of the Fund, including surveillance, lending, CD, and support services including HR, IT and Facilities Management.

The Office of Risk Management (ORM) is at the center of these efforts and has the lead in developing and supporting implementation of a strengthened ERM framework at the Fund. This includes fostering development of additional methodologies to identify, assess, analyze, and monitor risk, including new risk tools and techniques, and their use by Area, Functional, and Support departments; and producing reports on the Fund’s risk profile at regular intervals. ORM is also tasked to highlight areas where additional risk analysis or mitigation efforts are needed, including through its participation in the review process and on Fund committees, and in this regard complements risk management policies and practices in operational departments. A key objective is risk-based decision support across the organization. To enable this, ORM is also responsible for developing Fund training in risk management and shaping strong risk governance and a culture of risk acknowledgment in the organization.  ORM also provides an independent challenge of enterprise risk information and assessments of Departments. 

As a member of the Office’s management team, the Advisor/Assistant Director will be expected to take a leadership role in delivering on the Fund’s ERM modernization agenda. The successful candidate will lead a team of IMF risk professionals and support staff in managing ORM’s work program on developing and modernizing all aspects of ERM methodologies and application, and guiding analysis of financial and non-financial risks to the IMF. The successful candidate will have a supervisory role over all staff in ensuring that the team is fully aligned in delivering on the ORM medium-term strategy, including further development of ERM policies, guidance, review of country and other policy papers, internal communications, outreach, training and change management programs. The successful candidate will also have responsibility for managing ORMs resource and work planning in close coordination with other members of the ORM management team. 

Major Duties and Responsibilities: 

• Manages the development and implementation of ORM’s medium-term strategy with guidance from ORM’s front office. This will include preparation and execution of work plans incorporating further policy development and review; roll-out of the ERM framework; achieving the targeted maturity profile of the framework over the medium-term; communications and learning objectives, change management and outreach to all stakeholders including Management and the Board;

• Manages substantive work of ORM staff, in coordination with ORM’s management team, including supervision of substantive work (i.e. monthly performance discussions, goal setting aligned with ORM Accountability Framework, training recommendations, providing ongoing feedback, etc.); 

• Manages contributions from staff to ORM’s participation in the inter-departmental review process, in coordination with the management team, including internal coordination of comments on papers of other Departments and circulation of ORM materials and signing off for ORM on select matters; 

• Updates ORM’s annual Accountability Framework ensuring alignment with Fund-wide Accountability Frameworks to reflect Board-approved ERM Policy responsibilities. Manages ORM resource and staff needs and acts as Senior Budget Manager for ORM with guidance from the front office; 

• Provides key inputs to ORM engagement communications to promote awareness and adoption of the ERM framework across the institution;

• Promotes collaboration on ERM issues across the IMF through an active and dynamic relationship management approach; and 

• Acts as ORMs representative on select Fund committees.

Minimum Qualifications

Advanced university degree, or equivalent, and a professional certification either as an Accountant (CPA or international equivalent) or as an Auditor (CIA, CISA) supplemented by a minimum of fifteen (15) years of relevant work experience, including supervisory and/or managerial experience is required. Alternatively, a bachelor’s degree, or equivalent, supplemented by a minimum of nineteen (19) years of relevant professional experience, including supervisory and/or managerial experience, is required.

The successful candidate would need to demonstrate an excellent track record of leadership and innovation within complex risk landscapes, to work well with and supervise staff, to engage with diverse teams, and to communicate effectively with a wide range of stakeholders. The job requires demonstrated ability to provide judgments and advice on the wide-ranging risk issues facing the Fund, excellent oral and written communication skills, outstanding analytical skills, and a demonstrated capacity to manage and execute multiple tasks and innovate new ideas and solutions under tight deadlines
The IMF is committed to achieving a diverse staff, including gender, nationality, culture, and educational background.

All applicants are expected to include a Statement of Interest as an attachment to the application, which may be used in the screening process for this vacancy.

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. This position requires Review Committee/Senior Review Committee Approval.

A regular staff member who is selected to fill the vacancy will maintain their open-ended status. If the selected candidate is a contractual employee, they will be offered a Term staff appointment. Staff members already on a term appointment will continue their current term but may receive an extension provided that their current term appointment has not already been extended.

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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.