Job ad of the week: executive director of Financial Stability for Iceland

Considering its recent history, that's a pretty big job. Apparently, it helps if you have an interest in the subject...

by Emma Haslett
Last Updated: 06 Nov 2012
If you’re a tiny Nordic country whose banks’ collapse pretty much triggered an international economic crisis, the waves of which are still being felt today, what do you do to stop it from happening again? Why, you get your central bank to appoint an ‘executive director of Financial Stability’, of course. Or at least, that’s what Iceland has decided to do: it’s been advertising for someone whose sole responsibility is to make sure things aren’t looking too turbulent. Funny, though: MT had thought financial stability is the sort of thing most Central Banks were fairly hot on anyway…

The person in question will be responsible for such engaging-sounding tasks as analysing systemic risk and financial stability (oooh!), analysing the financial system and its influence on the economy (aaah!), and the ‘developing and monitoring of prudential regulation which the Central Bank implements regarding liquidity ratio and foreign exchange balance’. Sounds like pretty straightforward stuff to us.

Those who are interested in filling the role need to have a postgraduate degree in economics, finance or ‘other relevant field’ (MT’s MA in David Beckham studies is starting to look dangerously useless), extensive experience researching and developing policies for financial markets, skills in ‘another’ Nordic language apart from Icelandic, and skills to lead analytical and policy work. Oh, and ‘an interest in financial stability’ helps, too.

Unfortunately for would-be financial stability-gurus, the deadline for applications was on August 14. But we expect they’d make an exception for a really strong candidate. If you want more information, you’ll need to refer to Central Bank of Iceland governor Már Guðmundsson – the pronunciation of whose name is, presumably, the first test…

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