Location:

Washington DC, United States
Salary:

negotiable / YEAR
Job type:

FULL_TIME
Posted:

3 months ago
Category:

Budget and Accounting, Finance
Deadline:

16/07/2024

JOB DESCRIPTION

JOB DETAILS:

World Bank Jobs 2024 – United States
International Jobs. World Bank looking for “Senior Financial Sector Specialist ”. Applicants with an Advanced degree may apply on or before 16-Jul-24.

World Bank Senior Financial Sector Specialist Jobs 2024

The World Bank has published a job vacancy announcement on 27/06/2024 for qualified applicants to fill in the vacant post of Senior Financial Sector Specialist to be based in Washington DC , United States.

Company Name: World Bank

Job Title: Senior Financial Sector Specialist

Duty Station: Washington DC , United States

Country: United States

Application Deadline: 16-Jul-24

Responsibilities:

Within the focus sectors above, the Senior Financial Sector Specialist will be an integral part of the group’s activities. His/Her responsibilities will include (but not be limited to):

• Lead advisory services and contribute to lending projects, providing technical guidance and oversight, managing teams of WB staff and external experts, being responsible for delivery of outputs, and managing client relationships.

• Identify bottlenecks and challenges limiting private sector and financing for infrastructure, and provide high quality and strategic advice on the development of infrastructure finance strategies and solutions tailored to country specific context, particularly given the diversity of frontier and emerging market countries. The objective would be to develop a programmatic approach to mobilize private sector with efficient, scalable and sustainable financing solutions for country’s infrastructure investment needs.

• Support the regional teams in designing and implementing projects involving aspects related to infrastructure finance, leading advisory and technical assistance initiatives, monitoring and implementing analytical sector work, with a focus on i) identify policy and regulatory frameworks to leveraging private sector investment in infrastructure in a scalable way ii) identify suitable financing solutions for the context of the sector and structure of the domestic financial sector. Also, ability to identify regional opportunities for infrastructure opportunities, where necessary and appropriate including working through specialized financial institutions. Develop and promote the use of innovative financial instruments and vehicles (such as infrastructure project bonds, infrastructure funds/SPVs, sustainability bonds etc) and private capital that can be leveraged most efficiently through blended finance and de-risking solutions.

• Contribute to existing or design prospective World Bank lending operations related to infrastructure finance (directly or through regional teams); being able to identify appropriate policy reforms or relevant interventions appropriate for World Bank operations. Participate in assessments and diagnostics such as financial sector assessment programs (FSAP) or infrastructure sector assessment (Infrasap) where necessary.

• Build and manage relationships with key government and industry officials or associations in emerging and developed markets for knowledge and contacts.

• Provide global advice to Bank staff, sharing best practices, drafting policy reports and research papers, and participating in knowledge management initiatives – including webinars, seminars and training sessions with a focus on issues related to infrastructure financing.

• Guide and support junior staff in the unit and consultants, providing coaching, advice and quality control, to contribute building in-house capacity on government bond market advisory services.

• Cooperate with other WB units (such as the Infrastructure, PPPs and Guarantee team, MIGA, Climate Change, and relevant units of the IFC), the broader LTF team integrating capital markets work where relevant in other work streams and vice versa;

Other duties and tasks as might be specified by the EFNLT Practice Manager.

Requirements:

This job requires a seasoned Financial Sector professional who has strong technical and operational skills. He/she will have demonstrated ability to contribute to teams effectively and deliver results on the ground.

• Master’s degree in law, finance, economics, or related discipline.
• At least 10 years of experience in infrastructure finance with regulators or relevant ministries and departments (including domestic development finance institutions) involved in infrastructure finance.
• Ideally, the candidate would have transactional experience with innovative financial instruments, de-risking products and capital market solutions. Working experience in markets where there is a deep and active domestic capital market that has supported infrastructure financing is a plus. Experience across both advanced economies and emerging markets is a plus.
• Experiences in broader issues affecting capital markets development is a plus.
• Demonstrated ability to work effectively with high level officials in government and the private sector with strong government and industry contacts. Ability to represent the World Bank in international fora.
• Strong and proven ability to design and manage complex and global projects and achieve clear results in multicultural environments.
• Solid analytical, writing, and communication skills and proven ability to publish.
• Demonstrated professional leadership and ability to lead a team of professionals in the execution of projects.
• Operational experience and familiarity with Bank operational policies and projects would be a strong plus.
• Willingness and ability to undertake extensive travel in low income and emerging countries.
• Mandatory English fluency; French and/or Spanish proficiency is not required but can be an advantage.