Deputy Executive Director at the International Monetary Fund

As an AED, you serve as an alternate member of the Executive Board, the IMF’s executive body. You are the highest-ranking representative of the Kingdom of the Netherlands on the IMF’s Executive Board and, together with the Dutch advisor, are responsible for conveying the Dutch position on all matters discussed by the Executive Board. To this end, you maintain weekly contact with DNB and the Ministry of Finance. As an AED, you are closely involved in the IMF’s “surveillance” activities in the Kingdom and any other constituency countries. This means that you participate in IMF missions on behalf of the authorities and present the authorities’ response to the report to the Executive Board. You also monitor a number of critical, substantive areas of focus within the IMF’s remit. 

The IMF Executive Board consists of 24 seats, representing all 190 IMF members. The major countries each have their own seat, while other countries have joined together in constituencies. The Netherlands has led a constituency since the IMF’s founding, and has done so jointly with Belgium since 2012. In terms of voting weight, the Dutch-Belgian constituency is the fourth-largest at the IMF, after the U.S., Japan, and China. The Executive Board oversees the IMF’s operations and meets several days a week. The Executive Board discusses current developments in the global economy and continuously reviews IMF policy. Policy changes—for example, in the areas of climate strategy, debt policy, or capacity building—must be approved by the Board. The Executive Board also decides on the terms and conditions for access to IMF financing. Furthermore, the Board adopts the IMF’s annual budget and reviews the economic and financial situation in each member country based on an Article IV surveillance report, which is published annually or biennially. On a number of issues, such as IMF governance, the Executive Board prepares decisions for the Board of Governors, the IMF’s highest governing body. The Executive Board also works closely with the IMFC, the IMF’s ministerial advisory body, which meets twice a year. 

In the coming years, key policy issues will be on the IMF’s agenda, such as the potential shift in quota shares and voting power within the IMF toward emerging economies, the challenges posed by economic fragmentation and financial innovation, the Fund’s financing model for concessional financing to low-income countries, and the IMF’s role in supporting countries in the climate transition.

Job Requirements

As an AED, you maintain strong relationships both within the IMF and with the Ministries of Finance and the central banks of the Netherlands and Belgium. In addition, you invest in fostering relationships and enhancing the quality of the constituency office, as well as in maintaining close ties with the management and staff of the IMF and the other members of the Executive Board. 

• To successfully fulfill this role, we are looking for a candidate who possesses at least the following skills: 
• You have a solid background in (macroeconomic, monetary, and financial) economics and relevant policy experience, such as that gained in a division of the Ministry of Finance or De Nederlandsche Bank, or in the economic directorate of a policy department.
• You demonstrate leadership: you take ownership of the results you need to achieve, and you can motivate and inspire those around you.
• You are socially aware and politically astute: you are well-versed in Dutch political, economic, and policy dynamics, and are able to act accordingly and represent Dutch interests at the IMF.
• You have experience in the field of international policy and possess (international) negotiation skills, such as those gained in a role at a development bank, the EU, or the G20.
• You are a team player with strong interpersonal skills: you are able to maintain excellent relationships with the constituencies, the advisors in the office, and IMF staff, and to represent the interests of these countries while taking into account the economic, political, and administrative context.
• You have a fluent command of Dutch and English. 

Given the composition of the team and the policy that the Netherlands promotes within the IMF, preference will be given to a woman if candidates are equally qualified. 

Terms of Employment

Salary level: Scale 16
Monthly salary: Min. €6,827 – Max. €9,293 (gross)
Employment type: Fixed-term employment contract
Contract duration: 4 years
Minimum number of hours per week: 36
Maximum number of hours per week: 40 

Other terms and conditions of employment

The IMF’s headquarters are located in Washington, D.C., USA. This will also be your place of assignment as Alternate Executive Director. The new AED will be appointed effective November 1, 2024, for a term of four years. You will formally join the IMF; the IMF’s terms and conditions of employment apply. 

Details

The Ministry of Finance (FIN) and De Nederlandsche Bank (DNB) are committed to diversity. Different perspectives, backgrounds, and insights enhance the intellectual capacity and scope of action of FIN and DNB, enabling us to best meet the needs of society. It doesn’t matter where you were born, what you believe in, or whom you love. Above all, we are curious about your drive to make a social impact. 

• Are you interested in this position? To apply, please submit your resume and cover letter by Monday, April 15. We are also open to other formats, such as a video application (with your resume attached) or a presentation (in PowerPoint). If you choose the latter option, please include a link to your application in a PDF or Word file so that we can process it properly.
• You are not required to include your date of birth and gender in your resume and cover letter.
• Please note: After the closing date, the job posting and the employer’s contact information will no longer be visible online. To avoid having to request this information later, we ask that you download and save the job posting.
• The first round of job interviews will likely take place in week 20.
• A (selection) assessment and the collection of references may be part of the process.
• The timeline is designed to complete the process by June 2024, so that the new Alternate Executive Director can begin work in Washington, D.C., no later than November 1, 2024.
• The salary for this position is determined in accordance with IMF pay scales. 

Do you have any questions about the job opening or the selection process? Please feel free to contact us. We’d be happy to assist you as you consider your options. 

Interested in applying?

The government is committed to fostering a diverse and inclusive organization. Working in diverse teams makes us more effective, more innovative, and makes the work more enjoyable. Everyone is therefore invited to apply.