Senior Financial Sector Specialist

World Bank Group
Washington, DC
Apr 05, 2021
Apr 12, 2021
Accountant, IT
Full Time
Senior Financial Sector SpecialistJob #: req11351 Organization: World Bank Sector: Financial Sector Grade: GG Term Duration: 4 years 0 monthsRecruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 4/6/2021 (MM/DD/YYYY) at 11:59pm UTC DescriptionThe World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. Asia and the Pacific (EAP) Region EAP has made the fastest progress in economic growth and poverty reduction of any region in the last quarter-century. At present, the region remains one of the main drivers of the world economy, accounting for nearly two-fifths of global economic growth! Despite this progress, the Asia and Pacific region still faces huge development challenges. A large portion of the region's population remains vulnerable to income shocks, including from a global economic slowdown, changing global and regional value-chains, and climate-related risks. East Asia was the first region to be hit by the COVID-19 pandemic which has provoked both an unprecedented health crisis and a severe economic shock in the region. Poverty in the EAP region is expected to rise for the first time in over 4 decades. COVID-19 also presents some opportunities for countries in the region to build back better through recovery strategies that prioritize reforms, institutions as well as attention to climate and broader sustainability. EAP Region: The Finance, Competitiveness and Innovation Global Practice (FCI)The FCI GP, which is part of the Equitable Growth, Finance and Institutions (EFI) Practice Group (PG), fosters private-sector led growth and help create markets in client countries. EAP FCI team supports its client countries in the region through designing and implementing innovative lending operations! It also provides cutting-edge advisory services and high-quality analytical work designed to support policymakers in a range of issues related to financial sector development, strengthening private sector competitiveness, and supporting innovation. FCI's Financial Sector program covers a variety of analytical and operational projects aimed at enhancing the stability, efficiency and developmental impact of financial sectors in the region. The program cuts across several topics, including: safety and soundness of financial institutions, financial regulatory reforms, financial market development, green finance, digital finance/Fintech, SME finance and financial inclusion, among others.Duties and accountabilities* Serve as a task-team leader or a team member for various financial sector projects and lead strategic policy dialogue with clients on the design of policies to promote a sound, efficient and inclusive financial sector* Provide substantive analytical inputs on financial sector issues across the above-mentioned technical areas. In addition, contributing to Discussion Notes, Technical Reports and other World Bank products related to policy dialog with senior financial sector authorities* Lead the monitoring of financial sector developments and risks in EAP with solid analytical work and timely attention* Evaluate financial sector policies, regulations, and market institutions with a view to formulating reform recommendations for financial sector authorities* Contribute to and/or lead the preparation of lending operations, including the drafting of project documents and supporting FCI teams as appropriate through the project cycle* Participate in dissemination of policy analysis and recommendations on financial sector related issues, including via workshops, conferences, and Roundtables.* Provide cross-support to other Global Practices to design and implement financial sector components of their lending and non-lending activities. In addition, helping to identify new business opportunities for FCI's financial sector work program, whether for lending operations, technical and advisory work, or the World Bank's convening role* Maintain close liaison with key government counterparts involved in financial sector issues and manage multi-stakeholder relationships with financial institutions, industry associations, the private sector and other market participantsSelection CriteriaThis position requires a seasoned professional with strong operational skills and broad experience in the financial sector. He/she will have demonstrated an ability to manage competing demands, have good judgement and mentor teams effectively to deliver results on the ground. * An advanced degree in economics, financial economics, public policy or related field;* Minimum of 8 years relevant experience in such areas as banking, capital markets development, financial stability issues, as well as exposure to financial sector development;* Strong analytical skills and proven track record in successfully managing projects;* Demonstrated leadership in conducting client dialogue on a broad range of financial sector policy issues;* Proven ability to work in a multi-disciplinary environment, with excellent teamwork and diplomatic skills;* Strong client skills, as demonstrated by good working relationships with government clients (particularly in middle income countries), financial and/or private sector practitioners in client countries, and donors;* Financial sector experience in middle income and emerging market countries;* Excellent oral and written communication skills;Required CompetenciesThe core competencies required for the position include:* Knowledge of Bank Instruments, Policies, Procedures, and Systems - with the ability to provide high quality, pragmatic advice to teams on the appropriate use of Bank policies, procedures, instruments and financing mechanisms.* Experience in Country Program Management - Leads the country/sector strategy and work program; flags implementation issues for attention of clients and Bank management and takes a leading role in resolving these.* Sector Dialogue - Able to manage the dialogue with the client(s) on broad financial sector topics, based on a solid understanding of financial sector issues.* Operational Project Management - Demonstrates in depth knowledge and understanding of Bank processes related to project preparation & implementation, resource management, and stakeholder communications.* Team Leadership - Leads teams to achieve challenging outcomes, providing a role model and enhancing the team-leadership skills of team members.* Client Orientation - Maintains client relationships in the face of conflicting demands or directions and provides evidence-based advice and solutions based on sound diagnosis and knowledge.* Drive for Results - Identifies the needed resources to accomplish results involving multiple stakeholders and finds solutions to obstacles affecting key deliverables.* Teamwork (Collaboration) and Inclusion - Shows leadership in ensuring the team stays organized and focused, and actively seeks and considers diverse ideas and approaches.* Knowledge, Learning and Communication - Leads in the sharing of best practice, trends, knowledge and lessons learned across units and with clients and partners, articulating ideas verbally and in writing in a clear and compelling way across audiences of varied levels.* Business Judgment and Analytical Decision Making - Gathers inputs, assesses risk, considers impact and articulates benefits of decisions for internal and external stakeholders over the long term.Staff appointments include, but are not limited to, medical benefits, including dental and vision, Staff Retirement Plan, financial assistance program, life & disability insurance, comprehensive leave policy (minimum 26 days/annum) and parental leave policy (50-100 days). Povertyhas no borders, neither does excellence. We succeed because of our differencesand we continuously search for qualified individuals with diverse backgroundsfrom around the globe.

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