Job Vacancies at the Finance Division of Pakistan’s Debt Management Office

Introduction

The Finance Division of Pakistan plays a crucial role in shaping the country’s economic policies and ensuring financial stability. Within this division, the Debt Management Office (DMO) has been established under the Fiscal Responsibility and Debt Limitation (FRDL) Amendment Act, 2022. The DMO is responsible for reviewing, monitoring, and implementing the government’s debt policy and overseeing debt management. To strengthen its team, the Finance Division is now inviting applications for several key positions. This article provides a detailed overview of these vacancies and the application process.

Overview of the Vacancy Announcement

The Finance Division is seeking finance and management professionals to join its Debt Management Office. The positions are offered on a contract basis, initially for a period of three years, with the possibility of extension based on performance and approval from the relevant authority. This recruitment drive is a significant opportunity for qualified individuals to contribute to Pakistan’s financial management and policy implementation.

Available Positions:

Director (Risk Management)
Director (Data Management & Analytics)
Assistant Director (Borrowing)
Assistant Director (Data Management & Analytics)

These roles are critical in ensuring that the country’s debt is managed efficiently and in accordance with established policies.

Details of the Job Positions

1. Director (Risk Management)
Responsibilities:

Oversee the identification, assessment, and management of financial risks related to government debt.
Develop strategies to mitigate risks and ensure compliance with the government’s debt policy.

Qualifications and Experience:

Candidates must have a relevant advanced degree in finance, economics, or a related field.
Extensive experience in risk management, preferably within a government or financial institution.

Pay Package and Benefits:

The position offers an MP-I pay package, which is competitive and reflects the seniority of the role.

2. Director (Data Management & Analytics)
Responsibilities:

Manage and analyze data related to government debt.
Provide insights and reports to inform decision-making processes at the highest levels.

Qualifications and Experience:

A strong background in data analytics, with an advanced degree in data science, economics, or a related field.
Experience in managing large datasets and using data to drive strategic decisions.

Pay Package and Benefits:

The position is classified under the MP-I pay package, offering a competitive salary and benefits.

3. Assistant Director (Borrowing)
Responsibilities:

Assist in managing the government’s borrowing activities.
Ensure that borrowing strategies align with the overall debt management policy.

Qualifications and Experience:

A degree in finance, economics, or a related field.
Relevant experience in financial management, particularly in borrowing or debt management.

Pay Package and Benefits:

The position offers an MP-III pay package, which is attractive and includes various benefits.

4. Assistant Director (Data Management & Analytics)
Responsibilities:

Support the Director in managing data and analytics related to debt management.
Ensure accurate and timely data reporting.

Qualifications and Experience:

Candidates should have a background in data management or analytics, with a relevant degree.
Experience in a similar role, preferably within the government or financial sector.

Pay Package and Benefits:

The position falls under the MP-III pay package, offering a competitive salary and benefits.

Eligibility Criteria

To be eligible for these positions, candidates must meet specific educational and professional experience requirements. The qualifications vary by position but generally include advanced degrees in finance, economics, data science, or related fields. Additionally, candidates must demonstrate relevant experience in their respective areas, with a strong preference for those who have worked in government or financial institutions.

Application Process

Interested candidates should apply online through the National Job Portal at http://nip.gov.pk by 28th August 2024. It is important to submit complete applications, as incomplete submissions will not be considered. Candidates must ensure that they provide all required documents and information as specified in the vacancy announcement.

Important Steps:

Visit the National Job Portal at http://nip.gov.pk.
Search for the relevant job posting under the Finance Division.
Fill out the application form and upload the necessary documents.
Submit the application before the deadline.

Terms and Conditions

Applicants should be aware of the terms and conditions associated with these positions:

MP Scales Policy: The positions are governed by the MP Scales Policy of 2020. Details can be found on the Finance Division’s website.
Selection Process: Only shortlisted candidates will be called for an interview. The selection process will adhere strictly to the laid-down criteria.
Incomplete Applications: Applications that are incomplete or submitted after the deadline will not be entertained.
No TA/DA: No travel allowance or daily allowance will be provided for candidates attending interviews.

Why Work at the Finance Division?

Working at the Finance Division, particularly within the Debt Management Office, offers an opportunity to play a vital role in the economic stability of Pakistan. These positions provide a chance to work on significant financial policies and strategies that impact the entire nation. Moreover, the competitive pay packages and potential for career growth make these roles highly attractive for qualified professionals.

Conclusion

The job openings at the Finance Division’s Debt Management Office are an excellent opportunity for finance and management professionals to contribute to Pakistan’s financial stability. With the deadline approaching on 28th August 2024, interested candidates should ensure they meet the eligibility criteria and submit their applications promptly. This is not just a job, but a chance to make a meaningful impact on the nation’s economy.