E T Consultant

Contract

This is a World Bank Group grade: EC3 contract. More about World Bank Group grade: EC3 contracts.

E T Consultant

Description

Do you want to build a career that is truly worthwhile? 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. Visit www.worldbank.org.

The global development community is at an auspicious turning point in history. Thanks to the success of the past few decades and favorable economic growth, developing countries now have an unprecedented opportunity to end extreme poverty within a generation. This is the vision of the WBG: to eradicate extreme poverty by reducing the number of people living on less than $1.90 a day to 3 percent by 2030, and promote shared prosperity by fostering the income growth of the bottom 40 percent in every country.

To achieve this vision, the WBG Board of Governors approved a strategy for the organization in 2013. This strategy leverages, for the first time, the combined strength of the WBG institutions and their unique ability to partner with the public and private sectors to deliver customized development solutions backed by finance, world class knowledge and convening services. The strategy has three components: (1) maximizing development impact by engaging country clients in identifying and tackling the most difficult development challenges; (2) promoting scaled-up partnerships that are strategically aligned with the goals; and (3) crowding in public and private resources, expertise and ideas.

The architecture underpinning the strategy and instrumental to its success is an operating model introduced in July 2014 based on fourteen Global Practices (GPs) five Cross-Cutting Solution Areas (CCSAs). Since July 1, 2015 these 14 GPs are organized under 3 Practice Group Vice Presidencies: Sustainable Development (SD); Economics, Finance and Institutions (EFI); and Human Development (HD).

THE ROLE OF THE GLOBAL PRACTICE FOR FINANCE, COMPETITIVENESS AND INNOVATION (FCI) IN THE WBG

As of January 1, 2018, EFI created the Finance, Competitiveness and Innovation (FCI) Global Practice, bringing together Finance and Markets (F&M) and Trade and Competitiveness’ (T&C’s) private sector development specialists. FCI is comprised of about 700 staff working across more than 120 countries. The goal of the new Global Practice is to capitalize on the synergies between F&M and T&C in fostering private-sector led growth. It aims to work toward creating an enabling environment in which financial stability, efficiency, and firm-level solutions are provided in an integrated way to crowd in the private sector, support the creation of markets, and accelerate equitable growth. FCI also houses the IFC Implementation Units focused on implementing public sector advisory work in support of the finance and entrepreneurship agenda across all six regions.

About one third of FCI professional staff are decentralized to the field working closely with the CMUs and in proximity to clients. FCI professionals also lead or participate in a wide variety of ASA and client advisory work that add to the core expertise delivered to client countries. Knowledge and learning is a central part of the FCI agenda, with work focused on the following thematic areas: (a) Financial Stability and Integrity; (b) Long Term Finance; (c) Financial Inclusion and Infrastructure; (d) Industry Solutions; (e) Firm Capabilities and Innovation; and (f) Climate and Risk Management. FCI will work closely with the other newly formed Global Practice for Macroeconomics, Trade and Investment (MTI) on systematic country diagnostics, country strategies, policy lending and other private sector diagnostics, ASA and lending activities.

The Financial Inclusion, Infrastructure and Access unit in the FCI Global Practice sits within the Financial Inclusion, Infrastructure and Access Global Practice (FCI EFNFI) that works on a range of areas including, insolvency secured transactions, credit reporting, digital finance, financial inclusion, and financial consumer protection.

The Extended Term Consultant (ETC) will be based in the Financial Stability Institute (FSI) of the Bank for International Settlements in Basel, Switzerland for up to 2 years, to help support its financial inclusion activities.

The FSI was jointly created by the Bank for International Settlements (BIS) and the Basel Committee on Banking Supervision (BCBS) to assist financial-sector supervisors and financial regulatory authorities worldwide in strengthening their financial systems.

The FSI achieves its mandate by: (i) disseminating global financial standards; (ii) facilitating the adoption of sound supervisory practices; and (iii) contributing to capacity building in supervisory authorities and central banks. The FSI carries out these tasks through the following activities: policy implementation work; outreach events; and FSI Connect, the BIS’s e-learning tool. Furthermore, the FSI’s 2025 strategy will place special emphasis in the areas of crisis management and the regulatory and supervisory aspects of financial technology (FinTech).

The main task of the ETC is to assist financial sector authorities globally in strengthening their financial systems and to promote financial stability by contributing to the above-mentioned FSI activities and strategy, with a particular focus on financial inclusion.

Do you want to build a career that is truly worthwhile? 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. Visit www.worldbank.org.

The global development community is at an auspicious turning point in history. Thanks to the success of the past few decades and favorable economic growth, developing countries now have an unprecedented opportunity to end extreme poverty within a generation. This is the vision of the WBG: to eradicate extreme poverty by reducing the number of people living on less than $1.90 a day to 3 percent by 2030, and promote shared prosperity by fostering the income growth of the bottom 40 percent in every country.

To achieve this vision, the WBG Board of Governors approved a strategy for the organization in 2013. This strategy leverages, for the first time, the combined strength of the WBG institutions and their unique ability to partner with the public and private sectors to deliver customized development solutions backed by finance, world class knowledge and convening services. The strategy has three components: (1) maximizing development impact by engaging country clients in identifying and tackling the most difficult development challenges; (2) promoting scaled-up partnerships that are strategically aligned with the goals; and (3) crowding in public and private resources, expertise and ideas.

The architecture underpinning the strategy and instrumental to its success is an operating model introduced in July 2014 based on fourteen Global Practices (GPs) five Cross-Cutting Solution Areas (CCSAs). Since July 1, 2015 these 14 GPs are organized under 3 Practice Group Vice Presidencies: Sustainable Development (SD); Economics, Finance and Institutions (EFI); and Human Development (HD).

THE ROLE OF THE GLOBAL PRACTICE FOR FINANCE, COMPETITIVENESS AND INNOVATION (FCI) IN THE WBG

As of January 1, 2018, EFI created the Finance, Competitiveness and Innovation (FCI) Global Practice, bringing together Finance and Markets (F&M) and Trade and Competitiveness’ (T&C’s) private sector development specialists. FCI is comprised of about 700 staff working across more than 120 countries. The goal of the new Global Practice is to capitalize on the synergies between F&M and T&C in fostering private-sector led growth. It aims to work toward creating an enabling environment in which financial stability, efficiency, and firm-level solutions are provided in an integrated way to crowd in the private sector, support the creation of markets, and accelerate equitable growth. FCI also houses the IFC Implementation Units focused on implementing public sector advisory work in support of the finance and entrepreneurship agenda across all six regions.

About one third of FCI professional staff are decentralized to the field working closely with the CMUs and in proximity to clients. FCI professionals also lead or participate in a wide variety of ASA and client advisory work that add to the core expertise delivered to client countries. Knowledge and learning is a central part of the FCI agenda, with work focused on the following thematic areas: (a) Financial Stability and Integrity; (b) Long Term Finance; (c) Financial Inclusion and Infrastructure; (d) Industry Solutions; (e) Firm Capabilities and Innovation; and (f) Climate and Risk Management. FCI will work closely with the other newly formed Global Practice for Macroeconomics, Trade and Investment (MTI) on systematic country diagnostics, country strategies, policy lending and other private sector diagnostics, ASA and lending activities.

The Financial Inclusion, Infrastructure and Access unit in the FCI Global Practice sits within the Financial Inclusion, Infrastructure and Access Global Practice (FCI EFNFI) that works on a range of areas including, insolvency secured transactions, credit reporting, digital finance, financial inclusion, and financial consumer protection.

The Extended Term Consultant (ETC) will be based in the Financial Stability Institute (FSI) of the Bank for International Settlements in Basel, Switzerland for up to 2 years, to help support its financial inclusion activities.

The FSI was jointly created by the Bank for International Settlements (BIS) and the Basel Committee on Banking Supervision (BCBS) to assist financial-sector supervisors and financial regulatory authorities worldwide in strengthening their financial systems.

The FSI achieves its mandate by: (i) disseminating global financial standards; (ii) facilitating the adoption of sound supervisory practices; and (iii) contributing to capacity building in supervisory authorities and central banks. The FSI carries out these tasks through the following activities: policy implementation work; outreach events; and FSI Connect, the BIS’s e-learning tool. Furthermore, the FSI’s 2025 strategy will place special emphasis in the areas of crisis management and the regulatory and supervisory aspects of financial technology (FinTech).

The main task of the ETC is to assist financial sector authorities globally in strengthening their financial systems and to promote financial stability by contributing to the above-mentioned FSI activities and strategy, with a particular focus on financial inclusion.

Selection Criteria

Roles & Responsibilities:

- Strengthen the collaboration between the WB and the BIS on financial inclusion as it relates to the work of the standard-setting bodies.

- Organize and coordinate the activities relating to the cooperation arrangements between the BIS, the standard-setting bodies (SSBs) and other international organizations involved in financial inclusion.

- Maintain in-depth knowledge of the financial inclusion-related work of SSBs, as well as work of other international organizations involved in financial inclusion that may be relevant to the work of the SSBs.

- Regularly update tracking table showing relevant work of SSBs and other international organizations involved in financial inclusion.

- Develop and release online training modules on topics of relevance to financial inclusion for central bankers and regulators worldwide.

- Lead financial inclusion-related policy implementation work and its main output – FSI Insights (i.e., publications that focus on providing information and analysis on practical regulatory and supervisory issues based on experiences in different jurisdictions.

Selection Criteria

Candidates must have the following technical qualifications:

This role requires a combination of technical and operational skills, in-depth expertise in relevant areas, and a high-level of motivation. The following qualifications are sought:

- Advanced degree in Finance, Law, Economics, International Development or equivalent with a minimum of 5 years of directly relevant experience. - A minimum of eight years’ relevant work experience in the financial sector/financial stability area of central banks/supervisory authorities; as a financial sector supervisory/regulatory expert with an international organisation; and/or in the financial industry or at a consulting firm - Expert knowledge of financial inclusion and, ideally, fintech issues - Extensive knowledge of international financial supervisory and/or regulatory standards - Excellent conceptual, analytical and drafting skills - Strong coordination skills and able to work with people from various units within the BIS and organisations outside of the BIS - Strong presentation skills, including experience in delivering presentations to large and diverse audiences - Ability to work accurately and independently as well as part of a team under tight deadlines - Excellent command of English - Fluency in French is highly desirable - Experience working in an international environment

Competencies required:

- Financial Economic Policy: Identifies and assesses policy issues and communicates findings/points of view verbally and through economic reports and papers. Plays an active role in the dialogue with the government and/or other stakeholders as part of Bank teams. - Legal and regulatory analysis: Identifies and assesses legal and regulatory constraint and issues and communicates findings/points of view verbally and through reports and papers. Plays an active role in the dialogue with the government and/or other stakeholders as part of Bank teams. - Lead and Innovate: Develops innovative solutions. Contributes new insights to understand situations and develops solutions to resolve complex problems. Adapts as circumstances require and manages impact of own behavior on others in context of WBG’s values and mission. Identifies and pursues innovative approaches to resolve issues. - Deliver Results for Clients: Proactively addresses clients stated and unstated needs. Adds value by constantly looking for a better way to get more impactful results; sets challenging stretch goals for oneself. Immerses oneself in client experiences and perspective by asking probing questions to understand unmet needs. Demonstrates accountability for achieving results that have a development impact and financial, environmental and social sustainability. Identifies and proposes solutions to mitigate and manage risks. - Collaborate within Teams and Across Boundaries: Collaborates across boundaries, gives own perspective and willingly receives diverse perspectives. Appropriately involves others in decision making and communicates with key stakeholders. Actively seeks and considers diverse ideas and approaches. Integrates WBG perspective into work.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.

Roles & Responsibilities:

- Strengthen the collaboration between the WB and the BIS on financial inclusion as it relates to the work of the standard-setting bodies.

- Organize and coordinate the activities relating to the cooperation arrangements between the BIS, the standard-setting bodies (SSBs) and other international organizations involved in financial inclusion.

- Maintain in-depth knowledge of the financial inclusion-related work of SSBs, as well as work of other international organizations involved in financial inclusion that may be relevant to the work of the SSBs.

- Regularly update tracking table showing relevant work of SSBs and other international organizations involved in financial inclusion.

- Develop and release online training modules on topics of relevance to financial inclusion for central bankers and regulators worldwide.

- Lead financial inclusion-related policy implementation work and its main output – FSI Insights (i.e., publications that focus on providing information and analysis on practical regulatory and supervisory issues based on experiences in different jurisdictions.

Selection Criteria

Candidates must have the following technical qualifications:

This role requires a combination of technical and operational skills, in-depth expertise in relevant areas, and a high-level of motivation. The following qualifications are sought:

- Advanced degree in Finance, Law, Economics, International Development or equivalent with a minimum of 5 years of directly relevant experience. - A minimum of eight years’ relevant work experience in the financial sector/financial stability area of central banks/supervisory authorities; as a financial sector supervisory/regulatory expert with an international organisation; and/or in the financial industry or at a consulting firm - Expert knowledge of financial inclusion and, ideally, fintech issues - Extensive knowledge of international financial supervisory and/or regulatory standards - Excellent conceptual, analytical and drafting skills - Strong coordination skills and able to work with people from various units within the BIS and organisations outside of the BIS - Strong presentation skills, including experience in delivering presentations to large and diverse audiences - Ability to work accurately and independently as well as part of a team under tight deadlines - Excellent command of English - Fluency in French is highly desirable - Experience working in an international environment

Competencies required:

- Financial Economic Policy: Identifies and assesses policy issues and communicates findings/points of view verbally and through economic reports and papers. Plays an active role in the dialogue with the government and/or other stakeholders as part of Bank teams. - Legal and regulatory analysis: Identifies and assesses legal and regulatory constraint and issues and communicates findings/points of view verbally and through reports and papers. Plays an active role in the dialogue with the government and/or other stakeholders as part of Bank teams. - Lead and Innovate: Develops innovative solutions. Contributes new insights to understand situations and develops solutions to resolve complex problems. Adapts as circumstances require and manages impact of own behavior on others in context of WBG’s values and mission. Identifies and pursues innovative approaches to resolve issues. - Deliver Results for Clients: Proactively addresses clients stated and unstated needs. Adds value by constantly looking for a better way to get more impactful results; sets challenging stretch goals for oneself. Immerses oneself in client experiences and perspective by asking probing questions to understand unmet needs. Demonstrates accountability for achieving results that have a development impact and financial, environmental and social sustainability. Identifies and proposes solutions to mitigate and manage risks. - Collaborate within Teams and Across Boundaries: Collaborates across boundaries, gives own perspective and willingly receives diverse perspectives. Appropriately involves others in decision making and communicates with key stakeholders. Actively seeks and considers diverse ideas and approaches. Integrates WBG perspective into work.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.

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.

Note: The selected candidate will be offered a one-year appointment, renewable for an additional one year, at the discretion of the World Bank Group, and subject to a lifetime maximum ET Appointment of two years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their second-year ET appointment are not eligible for future ET appointments.