Location:

New York, United States
Salary:

negotiable / YEAR
Job type:

CONTRACTOR
Posted:

5 months ago
Category:

Budget and Accounting, Finance
Deadline:

15/08/2024

JOB DESCRIPTION

ABOUT THE COMPANY:

non profit

JOB SUMMARY

Description

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The 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, increasing shared prosperity and promoting sustainable development.

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.

Please visit www.worldbank.org.

The FCI Global Practice

The World Bank Group’s Finance, Competitiveness & Innovation Global Practice (FCI) combines expertise in the financial sector with expertise in private sector development to foster private-sector led growth and help create markets in client countries.

Through this work, FCI strengthens the World Bank Group’s evolving approach to development finance: to maximize finance for development and to leverage private sector investments for sustainable and inclusive growth.

Globally, FCI leads the institution’s dialogue on financial sector policies and private sector development, including issues related to sustainable finance and climate risks and opportunities for the financial sector, as well as engagement with various standard-setting bodies, such as the G20, Financial Stability Board, the UN, etc.

Long Term Finance Unit Overview

The World Bank Group’s Long-Term Finance (ENFLT) Global Solutions Team helps countries design and implement: i) targeted policy and regulatory interventions to create an environment conducive for long term investments, and ii) tailored, country-specific, innovative financial instruments and capital markets solutions to close their financing gaps.

The LTF team also plays a key role in international regulatory discussions through the G20 and the Financial Stability Board, and through standard setting bodies such as the International Organization of Securities Commissions, and the International Association of Insurance Supervisors.

We work on the linkages between strategic sectors of the real economy – infrastructure, housing and agriculture – and the financial sector, specifically through developing capital markets and increasing the supply of institutional investors’ assets (primarily pensions & insurance) to safely fund long-term investments.

The LTF team is deeply involved in the sustainable finance agenda, helping sovereign clients and public sector entities in the design of financial solutions for the mobilization of capital towards sustainable assets, the development of sustainable finance processes and financial sector practices, and the integration of sustainability issues in financial regulation and supervision.

The Long-term Finance Unit is seeking to add an External Term Consultant (EC2 level) as a financial specialist in the team to provide technical and operational support to the implementation of the Sustainable Finance Facility (SFF), including coordination and transaction support with IFC under the JCAP Initiative.

Countries of focus would be across all regions with initial focus on Morocco, Colombia, Peru, South Africa, Indonesia, and Vietnam though the program is seeking to expand beyond these countries.

The

Extended Term Consultant (ETC) will be a member of the Long Term Finance team and report to the Practice Manager. The position is based in Washington, DC, and involves frequent travel.

Duties & Responsibilities:

The External Term Consultant will:

• Participate in the preparation, appraisal and implementation of financial sector projects in capital markets with a special focus on climate finance from its different angles including carbon markets, structured finance, SME finance, infrastructure finance and capital markets development overall.

• Contribute to analytical and advisory activities on climate finance, capital markets, SME finance and infrastructure finance, through economic and sector work and technical assistance, including the management of trust-funded activities, and preparation and presentation of internal project documentation throughout the entire project cycle.

• Play an active role in generation of the work program and provide input to monitoring and evaluation of the Sustainable Finance Facility delivery.

• Support the community of practice around the Sovereign ESG Data Portal and liaise with other WBG teams on improving and disseminating its contents.

• Curate and disseminate knowledge on sustainable finance and capital markets including internal guidance notes, external publications, presentations, etc.

• Coordinate and participate in FCI-IFC joint projects and activities to strengthen capital markets through advisory and transaction support activities.

• Collaborate proactively within other areas of the FCI Global Practice, other WBG global practices and the IFC around the capital markets, and support broader activities as needed and appropriate.

Selection Criteria

Candidates must have the following technical qualifications:

• A masters in economics, management or related discipline or minimum 5 years of relevant professional work experience since completing graduate degree.
• Extensive project management experience.

Experience with development programs either with the World Bank Group or a related organization or donor is a plus.
• Excellent conceptual and analytical skills with an ability to address both macro and micro issues and a track record of excellence in analytical work.
• Experience (academic and/or professional) in sustainable finance issues, including capital markets development and/or design of sustainable finance transactions.
• Strong client orientation with ability to multi-task and high attention to detail.
• Demonstrated ability to communicate ideas and analyses clearly and tactfully, both verbally and in writing.
• Candidates should demonstrate excellence in the following qualitative characteristics:
– Ability to deliver on time and in quality, through high standards, good organization and/or soft skills.
– Ability to work with diverse team members and clients.
– Knowledge of emerging economy conditions and challenges related to project implementation plus ideas to overcome related constraints.
– Fluency in required in English.

French language skills are an advantage.

Competencies

• Project management – Able to contribute to manage a complex program with multiple countries, stakeholders and a broad range of activities.
• Project Design for Impact and Sustainability – Able to contribute to the design of projects and programs.
• Sector Dialogue – Able to conduct a dialogue with project stakeholders and diverse team members on program management issues.
• Drive for Results – Identify the needed resources to accomplish results involving multiple stakeholders and find solutions to obstacles affecting key deliverables.
• Teamwork, Collaboration and Inclusion – Show leadership in ensuring program activities stay organized and focused, and actively seek and considers diverse ideas and approaches.
• Business Judgment and Analytical Decision Making – Gather inputs, assess risk; consider impact and articulate benefits of decisions for internal and external stakeholders over the long term.

World Bank Group Core Competencies

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.

How to Apply
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Good luck!

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