Senior Economist

World Bank Group
Washington, DC
Nov 20, 2021
Nov 29, 2021
Accountant, IT
Full Time
Senior EconomistJob #: req13840 Organization: IFC Sector: Economics Grade: GG Term Duration: 3 years 0 monthsRecruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 11/26/2021 (MM/DD/YYYY) at 11:59pm UTC DescriptionIFC-a member of the World Bank Group-is the largest global developmentinstitution focused on the private sector in emerging markets. We work in morethan 100 countries, using our capital, expertise, and influence to createmarkets and opportunities in developing countries. In fiscal year 2021, IFCcommitted a record $31.5 billion to private companies and financialinstitutions in developing countries, leveraging the power of the privatesector to end extreme poverty and boost shared prosperity as economies grapplewith the impacts of the COVID-19 pandemic. For more information, visit The IFC is looking for a Senior Economist to join the IFC Global Macro, Markets & Portfolio Research Department within the Economics and Private Sector Development VPU. The IFC Global Macro, Markets & Portfolio Research Department, housed in IFC's Economics and Private Sector Development Vice Presidency, is a unique research team that generates a deep understanding of the country and market dynamics to identify strategic implications for IFC business and IFC investment clients. It caters strategic and proprietary research to IFC Senior Management, IFC's CED VP, IFC Investment Departments, and existing and potential IFC clients. It combines in-house expertise in macroeconomics, portfolio, financial markets analysis, policy, and regulatory matters. The team leverages IFC operational and industry knowledge and WBG sector expertise to provide a comprehensive view of global and country-specific industry trends and investment opportunities. The team's various research offerings support the corporation's thought leadership and fundamental research. The Department also houses the Joint Capital Markets Program, which coordinates capital building efforts within the World Bank Group for several focus countries in Emerging Markets. More specifically, the team provides (1) global and regional outlooks on macro-economics and markets drivers and trends that inform business and portfolio decisions, (2) country-risk ratings based on macro-economic, market, and political developments, (3) strategic asset allocation framework and recommendations, (4) in-house developed models such as the Banking Vulnerability Assessment, the Medium Term Vulnerability model and FX forecasting models, (5) tools that support investment staff, such as pricing tools, equity valuation tools, and M tools for sourcing and valuing IFC investments and (6) applied fundamental research. Roles and Responsibilities:* Focus on monitoring, analyzing and regular reporting, via written reports and presentations, of economic and financial developments, policies and prospects in emerging market countries, with special emphasis on Sub-Saharan Africa and advising operational teams on potential risks and adverse effects on project development impact at the country, sector, and portfolio level at the appropriate points during the project cycle. * Represent IFC Global Macro & Market Research Unit at all levels of the organization and engage with staff across departments. Become a key player in analysis and projects focused on EM regions of coverage, both at the country, sector, and portfolio level.* Deliver focused high-quality analysis, with independent views on macro prospects and risks, and longer-term focused fundamental research about the countries, industries, and sectors where IFC can lend and invest with manageable risks, higher returns, and more significant impact. * Contribute to the development of the unit's analytical tools linking macroeconomic developments to the performance of markets and industries at the regional and global level to identify sectors opportunities and risks for IFC's investment operations. * Work with other colleagues on monitoring, analyzing, and regular reporting on global economic and financial developments with the emphasis on emerging and developing markets. * Help to maintain existing statistical databases as well as helping colleagues preparing reports, presentations, media talking points, and other materials.* Contribute to the high-level analysis of top exposure countries and the unit's country risk responsibilities.Selection CriteriaThe ideal candidate will have strong analytical skills and considerable experience in economic and quantitative techniques; practical experience in industry and market analysis; strong interest in applied research in economics and finance; will be comfortable working independently and with large and diverse datasets and with considerable experience interacting with senior officials from official institutions, central banks and financial institution representatives and executives. Successful candidates should have:* Advanced degree in economics with a specialization in macroeconomics, econometrics, financial economics, or related fields. * 10+ years of professional experience in macroeconomic research and analysis, especially in developing countries; familiarity/experience in operations of WBG especially IFC * Demonstrated ability and experience analyzing macroeconomic and financial developments in Sub-Saharan Africa* Ability to combine theoretical frameworks with applied research. * Strong understanding of the economics of development, the challenges developing countries face, and the private sector's role.* Broad knowledge and understanding of linkages between major sectors of the economy and private sector dynamics. * Ability to thrive under pressure and function effectively while managing multiple tasks simultaneously.* Ability to work independently and in teams, helping motivate and guide junior staff on macroeconomic analysis* High level of attention to detail and capacity to deliver high-quality work. * Demonstrated excellent written and verbal communications skills and ability to translate complex concepts into clear yet rigorous messages.World Bank Group Core CompetenciesThe 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.