The Bank for International Settlements (BIS), also known as central banks' central bank, has opened the search for a new Chair of its Financial Stability Institute (FSI) to replace former Czech Republic's central bank governor and one-time prime minister of the country.
Up for grabs is a fixed, five-year term. A successful candidate needs to have at least 15 years’ experience in a senior executive position gained within a central bank, financial sector supervisory authority or international financial institution.
Purpose of the job:
- To develop and define the overall strategy of the FSI, including optimising its assistance to authorities responsible for financial stability globally.
- To assume overall responsibility for the FSI and to ensure the consistency, overall integrity and excellence of FSI services.
- As a senior official of the Bank, contribute to the general management of the Bank.
The announcement suggests that current FSI Chair Josef Tosovsky, former Czech governor and a caretaker prime minister of the country in late 1990s, is retiring from the BIS's institute which he has chaired since December 2000.