Senior Financial Sector Economist
Job #:
req28553
Organization:
World Bank
Sector:
Financial Sector
Grade:
GG
Term Duration:
4 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Closing Date:
8/13/2024 (MM/DD/YYYY) at 11:59pm UTC
Description
Working at the World Bank provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank consists of two entities - the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). It is a global development cooperative owned by 189 member countries. As the largest development bank in the world, the World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and creditworthy low-income countries, and coordinates responses to regional and global challenges. For more information, please visit www.worldbank.org
We are dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. The Equitable Growth, Finance and Institutions (EFI) Practice Group provides support to build the foundations for inclusive and sustainable growth. It includes the WBG Global Practices (GPs) of Finance, Competitiveness and Innovation (FCI); Macroeconomics, Trade and Investment; Governance; and Poverty and Equity. In the FCI Global Practice, we combine expertise in the financial and private sector development to foster private sector led growth and help create markets in client countries.
The Europe and Central Asia (ECA) region comprises 30 extremely diverse countries, with a population of nearly 500 million people. A predominantly middle-income region, three clients are IDA, two are IDA blend, and the remaining 25 are IBRD eligible. The FCI Global Practice in ECA delivers the full portfolio of World Bank (WB) instruments. These include lending, analytical, and advisory - often financed through Reimbursable Advisory Services (RAS) or trust funds (TFs).
The FCI Global Practice in ECA is seeking a highly qualified and motivated Senior Financial Sector Specialist based in Washington D.C. We need someone who can demonstrate the ability to develop and deliver the financial and private sector development program in all ECA countries. You will report to the FCI Practice Manager based in Washington D.C.
Duties and Accountabilities
Your duties will entail the implementation of the WB financial and private sector development program in ECA countries, including to
(i) lead complex analytical and advisory work on financial and private sector development; (ii) explore and deliver on lending opportunities, working as a team leader or member of loans; (iii) be responsible for developing and maintaining effective relationships with clients and partners; (iv) (vi) integrate relevant private sector development aspects in the upstream analysis and downstream project design and collaborate closely with private sector development specialists in the unit and, (iv) lead and provide technical inputs to analytical work and briefing notes on financial and private sector development.
Selection Criteria
• Master's degree or PhD in Economics, Business, Public Policy, Finance, or similar;• At least eight years of relevant professional experience since completing university degree (i.e., Master's);• Strong expertise in financial and private sector development, with proven ability and track record in conceptualizing and delivering high-quality lending, technical and analytical work;• Demonstrated professional leadership skills and ability to lead a team of professionals in project execution;• Proven ability to develop and nurture relationships with clients and other stakeholders;• Excellent writing and presentation skills in English;• Willingness to travel frequently.
The World Bank Group Core Competencies
https://bit.ly/2kbIA7O
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.
What We Do
The World Bank Group is a multilateral organization headquartered in Washington, D.C., whose members include most of the world’s countries. Five institutions make up the World Bank Group to collectively serve as a vital source of financial and technical assistance to developing countries.
We have set two goals that will shape our work through 2030:
- Ending extreme poverty by decreasing the percentage of people living on less than $1.25 a day to no more than 3 percent.
- Promoting shared prosperity by fostering income growth of the bottom 40 percent for every country.
We are tackling these challenges through financing, customizing development solutions, leveraging knowledge, research and technology, and by bringing people together to solve complex problems.
The five institutions that make up the World Bank Group work together to foster development in poor and middle-income countries and to confront such global challenges as climate change.
- The International Bank for Reconstruction and Development (IBRD) or World Bank, tackles poverty in middle-income and creditworthy low-income countries.
- The International Development Association (IDA), also part of the World Bank, provides interest-free loans, technical assistance, and policy advice to governments in the world’s poorest countries.
- The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector. IFC finances investment, mobilizes capital in international financial markets, and provides advisory services to businesses and governments.
- The Multilateral Investment Guarantee Agency (MIGA) promotes foreign direct investment into developing countries. MIGA fulfills this mandate by offering political risk insurance and credit enhancement to investors and lenders.
- The International Centre for Settlement of Investment Disputes (ICSID) provides international facilities for conciliation and arbitration of investment disputes.
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