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MMA headquarters: Joining the Egmont Group is an important step taken toward money laundering. Dhauru Photo/ Abdulla Anoof Junaid

MMA seeks 5 managing directors with MVR 50,000 salary

The deadline for applications expires on 22nd of this month.

9 August 2024

By Fathmath Ahmed Shareef

The central bank Maldives Monetary Authority (MMA) opened applications for five Managing Directors on Thursday.

The salary for the post is between MVR 50,000 and 55,000 per month. The documents to be submitted include a document stating that if the applicant is working at any government agency, the applicant will be released to the MMA job once confirmed.

The five areas for which MDs have been announced are:

  • 1-

    Monetary Policy, Research and Statistics

  • 2-

    Financial Stability

  • 3-

    Corporate Services

  • 4-

    Banking Operations

  • 5-

    Financial Sector Development

The MMA announcement said that the position requires people skilled, capable and interested in serving in the position with integrity and honesty.

The deadline for applications expires on 22nd of this month.

The first decision taken by the new MMA Governor Ahmed Munawwar after taking office was to make changes to the bank's structure. They include:

  • Transfer of Assistant Governor to Managing Director

  • A total of five managing directors will be appointed, for a period of five years

  • Transfer of existing Assistant Governors to the post of Advisors

The MMA said the changes are aimed at making the MMA a modern central bank that produces good results.

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