Reference: 130600474
Location: London, UK
Duration: 3 Years | Salary: £69,333 Per Annum
Closing Date: 20 Sep 2013
Location: London, UK
Duration: 3 Years | Salary: £69,333 Per Annum
Closing Date: 20 Sep 2013
Job Summary
Working closely with the DMS and World Bank DMF team, you will manage and implement a portfolio of debt management projects designed to strengthen debt management capacity in member countries through advisory support and capacity building initiatives. To that end you will be expected to undertake the following: assist member countries formulate sound policies and medium-term debt management strategy (MTDS); undertake Debt Management Performance Assessment (DeMPA) for countries and advice on a reform programme for strengthening debt management framework and operations; advice on implementation of debt management strategies; and assist the countries build local technical capacity to sustain compliance with the recommended debt management practices. In addition, you will be required to closely work with the DMS team comprising economists and IT professionals for enhancing the analytical features in the Horizon system towards supporting effective and sound debt management practices.
The post-holder will be required to:
- Undertake assessment of status of public debt management in member countries using the Debt Management Performance Assessment (DeMPA) tool of the World Bank, working closely with staff of the Bank;
- Design debt management reform programmes geared to strengthening public debt operations, debt management policies and strategies, debt management laws and institutions and the development of domestic debt markets, building on DeMPA results;
- Assist countries in the formulation of Medium Term Debt Management Strategies (MTDS) using the IMF/World Bank Medium Term Debt Management Strategy (MTDS) Toolkit;
- Work with member governments and developmental partners like the IMF and World Bank on joint missions to countries;
- Assist member countries to implement debt management strategies through the application of the Horizon;
- Manage various debt management projects including one designed to enhance the co-ordination of country interventions under the DMS program and Debt Management Facility;
- Conduct in-country and regional workshops on debt management issues;
- Undertake any other ad hoc assignment as determined by the Adviser and Head of Debt Management Section.
- Travel to countries for country missions, workshops and also represent DMS in various international conferences.
Qualifications and Experience
- A first degree and a post-graduate qualification in economics, finance or a related subject.
- A minimum of 7 years’ debt management experience, gained in government or international organisations, in one or more of the following areas:
- Public debt policy including debt management strategy formulation and implementation especially on market borrowings;
- Risk management frameworks and methodologies of public debt and fixed income markets analysis;
- Expertise on institutional arrangements, governance framework and legal framework on debt management;
- Market knowledge related to development of domestic debt market and functioning of international capital markets.
- Knowledge of public debt management policy issues at a comprehensive level;
- The ability to use output from the frameworks for debt analysis to guide the formulation and implementation of debt management policy and strategy;
- Clear understanding of inter linkages between debt management and macroeconomic policy, including fiscal, monetary and exchange rate policies for the implementation of debt strategies including liability management operations;
- Advanced quantitative skills supporting debt analysis;
- Writing analytical and advisory reports and past record in authoring publications
About the Special Advisory Services Division
The Special Advisory Services Division (SASD) is a major development co-operation instrument of the Commonwealth Secretariat, supporting efforts of member countries through technical assistance and capacity building. A significant part of the Division’s work is of a consultancy and advisory nature, delivered through a combination of in-house and external expertise. The Division has four sections: the Economic and Legal Section, the Debt Management Section, the Trade Section and the Enterprise and Agriculture Section.
The Debt Management Section (DMS) provides an integrated package of assistance in debt management, focusing on improving institutional arrangements; the legal framework; developing and implementing debt management policy and strategy and debt market development; development of world-leading computer software such as the Commonwealth Secretariat Debt Recording and Management System (CS-DRMS) and the recently released Horizon – risk management based public debt analytical tool. DMS also assists in intensive capacity building, including training on various aspects of debt management and the use of its debt management systems.
