|
July 2010 – October 2018
|
|
Advisor to the Governor on Payment Systems and European Integration, the National Bank
Activities and responsibilities:
- monitors the process of integration of our country into the European Union and coordinates the activities of the National Bank to prepare the necessary inputs in the national documents related to this process: ERP, NPAA, reports on the conducted activities and other documents;
- monitors the activities related to the process of joining the National Bank to the European System of Central Banks and the Eurosystem and contributes with her own opinion on this matter;
- monitors the development of the national payment system with a focus on its compliance with the standards and operating rules of payment systems in the Single European Payment Area (SEPA) and the opportunities for further development;
- participates in preparation of the macroeconomic projections of the National Bank;
- contributes by giving own opinion on issues related to monetary policy and the financial system.
|
|
July 2003 - July 2010
|
|
Vice-Governor of the National Bank
Member of the National Bank Council
Work responsibilities and more significant achievements:
|
|
February 2006 - July 2010
|
|
Vice-Governor responsible for the areas of the monetary policy, research and statistics.
- Improving the process of monetary decision-making and increasing the transparency and accountability of the National Bank for monetary decisions: upgraded and put into use a model for medium-term forecasting, developed short-term forecasting infrastructure, a system of quarterly macroeconomic projections and their regular publication in the quarterly reports.
- Improving the statistics and further harmonization with the international standards: data and time series for foreign direct investments, international investment position, gross and net external debt and receivables published for the first time, revised time series of monetary data, introduced new sources of data.
|
|
July 2004 - February 2006
|
|
Vice-Governor in charge of operational implementation of monetary policy, foreign reserves management, payment systems and vault operations.
- Substantial reforms in the operational framework of the National Bank, thus increasing the efficiency and transmission capacity of the monetary policy.
- Establishement and development of the over the counter markets and repo operations.
- Deepening and development of the foreign exchange market and improvement of the National Bank interventional policy: established electronic information system and platform for listing and trading between banks and the banks with the National Bank, introduced market makers for market interventions, established internal rules for interventions.
- Improving the process of foreign reserves management and strengthening the decision-making process: set strategy and policy for placement based on monitoring and control of risks, established Committee for investment and decision-making, initiation of investment trading
- Improving the legal security in the payment systems operating and increasing the efficiency of payments, established payment statistics.
- Improving the process of issuing and handling cash.
- Providing the necessary infrastructure for setting up the primary government securities market and supporting the state for market development by issuing treasury bills for monetary purposes.
- Setting up tasks - custodian of the assets of the first private fully funded pension funds in support of the pension system reform and their execution until the adjustment process of commercial banks to perform these services is not finalized.
|
|
July 2003 - July 2004
|
|
Vice-Governor responsible for the foreign exchange sector according to the prior organizational chart of the National Bank, and Deputy Governor with authorization from the Governor according to the Law effective in that time.
- Elevating the level of the corporate governance in the National Bank as an initiator and participant in setting up the first functional reorganization of the NBRM, including the internal policies and rules, in accordance with the best practices of the modern central banks.
- Centralization and consolidation of statistical activities, organizational unification of macroeconomic forecasting.
- Initiator for setting up the processes for providing business continuity and the security of the information system at the institutional level in accordance with international standards.
|
|
December 1997 - July 2003
|
|
Manager, Balance of Payments Department, the National Bank.
Activities and responsibilities:
- Regular dissemination of the balance of payments statistics and improvement of the processes for collecting and processing data, further harmonization with the international standards and improvement of the external statistics.
- Introduction of data sources and methodological bases for establishing the statistics of foreign direct investments and the international investment position.
- Responsible for the balance of payments projections, the external sector analysis and the real effective exchange rate of the denar.
- Participation in the negotiations with the International Monetary Fund (IMF) and the World Bank (WB);
- Participation in the drafting of the new legal framework and bylaws on the foreign exchange operations in accordance with the provisions of the Stabilization and Association Agreement, as well as in the drafting of a new NBRM Law, which significantly increased the independence of the central bank.
|
|
May 1996 - December 1997
|
|
Head of Unit, Balance of Payments Unit
Department for Foreign Exchange Operations, the National Bank.
Activities and responsibilities:
- Compilation and timely publication of the balance of payments, improvement of the scope and expansion of the sources of data, further harmonization with the international standards.
- Preparation of the balance of payments projections.
- Analysis of the external sector and the real effective denar exchange rate.
- Taking part in the negotiations with the IMF.
|
|
January 1995 - May 1996
|
|
Expert Associate, International Relations and Balance of Payments Unit
Department for Foreign Exchange Operations, the National Bank.
Activities and Responsibilities:
- Compilation and timely publication of the balance of payments.
- Analysis of the external sector and the real effective exchange rate of the denar.
- Cooperation with the IMF about the preparation of the balance of payments projections.
- Setting up an infrastructure for preparing the balance of payments projections.
- Participation in the preparation of the regulations on central banking and foreign exchange regime of our country.
|
|
March 1993 - January 1995
|
|
Foreign Exchange Analyst, International Relations Unit
Foreign Exchange Operations Department, the National Bank.
Activities and Responsibilities:
- Compilation and timely publication of the balance of payments.
- Analysis of the external sector and the real effective exchange rate of the denar.
- Cooperation with the IMF about the preparation of the balance of payments projections.
- In charge of the withdrawal of the first credit lines and loans from the World Bank.
|
|
November 1987 - March 1993
|
|
Junior Foreign Exchange Analysts, International Relations Unit
Department for Foreign Exchange Operations, the National Bank.
Activities and Responsibilities:
- Analysis of the external sector of RM within the SFRY.
- Participation in the preparation of the semi-annual and annual reports of the National Bank.
- Participation in the institutional process of gaining monetary independence of our country.
- Establishment of the balance of payments statistics of our country.
|