The Maldives Monetary Authority (MMA) has announced the recruitment of five Managing Directors as part of its recent structural changes aimed at enhancing the authority’s operations and achieving better results.
The MMA is seeking applicants with a minimum of five years of experience in the MMA or the broader finance sector. Candidates must hold a degree and a master’s degree in finance, business, or a related field, along with at least three years of experience in an executive position.
The positions available for Managing Directors cover several key areas within the MMA:
• Monetary Policy
• Research and Statistics
• Financial Stability
• Banking Operations
• Corporate Service
• Financial Sector Development
The appointments are for a five-year term, with the possibility of extension based on the individual’s performance and the results they deliver. The recruitment is open to qualified individuals from the general public, with applications due by 22 August 2024.
These changes to the central bank’s structure were developed in consultation with the MMA Board and have been approved by the newly appointed Governor, Ahmed Munawwar. Under the new structure, the position of Assistant Governor has been transitioned to that of Managing Director. The current Assistant Governors have been promoted to advisors.
