Job Summary:
As a Specialist/Senior Specialist, Banking, you will play a key role in policy development and supporting members in the implementation of global prudential standards for the Islamic banking sector, working closely with regulatory and supervisory authorities, international organisations, and industry stakeholders. Your main responsibilities will involve the management of standard development projects and related Working Groups and delivering technical assistance and capacity development programs to IFSB members. You will also be actively involved in monitoring and assessing global trends, emerging risks and financial stability issues affecting the Islamic financial services industry and conducting in-depth research to support the IFSB’s strategic initiatives.
Key Responsibilities:
- Financial Sector Policy Development: Contribute to the formulation of global financial sector policies aimed at promoting the sound development and stability of the Islamic banking sector, working with a broad range of regulatory and supervisory authorities and other stakeholders.
- Capacity Development: Participate in providing technical assistance and capacity building workshops to regulatory and supervisory authorities globally, to support the adoption and implementation IFSB standards and developing the necessary institutional infrastructure in member countries.
- Financial Stability Monitoring: Monitoring global trends and developments and analysis of key financial stability issues that impact the Islamic financial services industry
- Research: Conduct in-depth research as needed, that informs the IFSB’s policy development work and supports technical assistance operations. Additionally, research may include study of relevant emerging and cutting-edge issues.
- Stakeholder Engagement: Engage and consult with regulatory and supervisory authorities, international organisations, industry leaders, and other stakeholders in the management and execution of various projects. Foster strong relationships with internal and external stakeholders.
Qualifications:
- An advanced degree in banking, finance or other related field and a minimum of 3-7 years of experience in regulatory policy development or banking supervision.
- A strong understanding of banking operations as well as regulatory and supervisory issues is essential. Knowledge of international banking standards (e.g., Basel III, IFSB standards) and a strong understanding of Islamic banking is an advantage.
- Excellent analytical and problem-solving skills.
- Strong interpersonal skills to engage with diverse stakeholders.
- Excellent oral and written communication skills in English. Fluency in Arabic, French or Russian would be an advantage.
- Ability to work independently and as part of a team.
Working Conditions:
- Full-time, three-year contractual appointment. Contractual appointments are renewable for subsequent terms, subject to incumbent’s performance and organisational requirements.
- Occasional travel may be required.
