Job Summary:
As a Specialist/Senior Specialist, Sukuk Markets, you will contribute to promoting the sound development and resilience of Islamic capital markets through capacity development support to member countries on structuring and issuing sukuk and enhancing regulatory frameworks. You will contribute to policy development and implementation of standards for Islamic capital markets, working closely with regulatory and supervisory authorities, international organisations, and industry stakeholders to enhance market stability, resilience, and sound development.
Key Responsibilities:
- Capacity Development: Support the development and delivery of technical assistance programs, workshops, and capacity-building initiatives for regulatory and supervisory authorities to facilitate the adoption and implementation of IFSB standards and best practices.
- Capital Markets Policy Development: Contribute to the formulation of global policies and standards that promote the stability, transparency, and sound development of Islamic capital markets, including sukuk, working with a broad range of regulatory and supervisory authorities.
- Market and Financial Stability Monitoring: Track global trends, emerging risks, and regulatory developments impacting Islamic capital markets and sukuk, assessing their implications for financial stability and market resilience.
- Research and Policy Analysis: Conduct in-depth research as needed on Islamic capital markets, including sukuk structuring, regulatory frameworks, market development, and emerging trends, to inform policy recommendations and technical guidance.
- Stakeholder Engagement: Engage with regulatory and supervisory bodies, international organisations, financial market authorities, industry players, and other key stakeholders in the execution of various projects. Foster strong relationships to support standard-setting initiatives and policy development.
Qualifications:
- An advanced degree in finance or a related field, with a minimum of 3-7 years of experience in issuance, structuring, or advising on sukuk, with a proven track record in sovereign or corporate sukuk transactions. Experience in a regulatory or supervisory environment would be an advantage.
- Strong understanding of Islamic capital markets and Sharīʻah-compliant financing structures, and legal and regulatory frameworks. Knowledge of international capital market standards (e.g. IOSCO and IFSB standards) would be an advantage.
- Excellent analytical and problem-solving skills.
- Strong interpersonal skills to effectively engage with diverse stakeholders across international markets.
- Excellent oral and written communication skills in English. Fluency in Arabic, French, or Russian is an advantage.
- Ability to work independently and as part of a team.
Working Conditions:
- Full-time, three-year contractual appointment. Renewable for subsequent terms, subject to performance and organisational needs.
- Occasional travel may be required.
