E T Consultant

Contract

This is a World Bank Group grade: EC2 contract. More about World Bank Group grade: EC2 contracts.

E T Consultant

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. For more information, visit www.worldbank.org.

This advertisement pertains to an Extended Term Consultant position in the Insolvency and Debt Resolution Team within the Financial Inclusion and Infrastructure unit in the Finance Directorate of the World Bank Group’s (WBG) Finance, Competitiveness & Innovation Global Practice.

The Equitable Growth, Finance, and Institutions Practice Group (EFI) is one of the World Bank Group’s four Practice Groups. EFI’s mandate is “Growth, Finance, and Institutions for all.” Our approach is to leverage public and private sector expertise, together with the International Finance Corporation (IFC), to support a data-driven reform agenda. EFI supports clients in advancing evidence-based structural reforms to build the foundations for inclusive and sustainable growth.

EFI is composed of four Global Practices (GPs):

1. Macroeconomics, Trade, and Investment (MTI)— consisting of country economists and trade, financial and private development specialists that support structural reforms.

2. Governance GP – consists of public sector, financial management and procurement specialists to support institutional and governance reforms and provide fiduciary support to all Bank operations.

3. Poverty and Equity GP – consists of micro, labor, and development economists to build the evidence base, provide advice and operational support to ensure country policies and WBG interventions are inclusive.

4. The Finance Competitiveness and Innovation GP (FCI GP) is comprised of two directorates: The Finance directorate, and the Trade, Investment and Competitiveness (TIC) directorate. The GP aims to support client countries to create 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.

The Finance Directorate provides analytical and advisory support to the international community to enact reforms that lead to deep, inclusive, efficient, and resilient financial systems. The Directorate is comprised of thematic units/teams focused on:

(1) Financial Stability and Integrity, (2) Financial Inclusion, Infrastructure, and access (3) Long term finance, and (4) Crisis and disaster risk finance.

The Financial Inclusion, Infrastructure and Access unit (EFNFI) in the FCI GP works on a range of areas including insolvency, financial inclusion, consumer protection, payments, and fintech, among other topics. The Insolvency and Debt Resolution Team of the FCI GP assists governments in improving their credit environments through the development of more effective insolvency and debt resolution systems. The specialized Insolvency team provides cross-support and knowledge management services with respect to a variety of insolvency issues in emerging markets. This is achieved through international standard-setting, detailed diagnostics, and technical assistance for implementation. The Team produces and keeps up to date the World Bank Principles for Effective Insolvency and Creditor/Debtor Regimes (the WB ICR Principles), which together with the UNCITRAL Legislative Guide on Insolvency, are the internationally recognized benchmarks for ICR and form the basis for the analysis conducted by the World Bank Group in the ICR Report on the Observance of Standards and Codes (ROSC) and the Financial Sector Assessment Program (FSAP).

Potential applicants are encouraged to apply if they have experience and expertise in at least one of the broad technical areas of insolvency, corporate and personal insolvency, debt resolution, and corporate debt restructuring. The selected candidate will be offered a 1-year appointment, renewable, subject to a lifetime maximum of three years.

Roles & Responsibilities:

The Extended Term Consultant (Financial Sector Specialist) will include:

• Work with external clients and World Bank Group colleagues to deliver technical support in the areas of corporate and personal insolvency, debt resolution, and corporate debt restructuring. • Evaluate the legal infrastructure of financial sector regimes, including analyzing laws, regulations, registries, and institutions to identify weaknesses in Non Preforming Asset (NPA) resolution frameworks, including formulating reform recommendations for the respective clients. • Conduct research and undertake project-based analysis in the above technical areas, contributing to the WBGs knowledge dissemination in Debt Resolution and Insolvency and NPA resolution. • Conduct stakeholder and client workshops and training events in relation to workouts, creditor debt enforcement, and corporate and personal insolvency. • Manage multi-stakeholder relationships, including between government clients, financial institutions and Non-Bank Financial Institutions, business associations, and the private sector. • Coordinate and deliver Insolvency & Debt Resolution operational projects, including the provision of technical advice on corporate and personal insolvency systems. • Contribute to Knowledge Management initiatives, including through the development of benchmarking, diagnostic reports, implementation manuals, internal and external articles and publications that aim to capture global trends, practices, and lessons learned. • Contribute to developing the Insolvency & Debt Resolution team's relationships and activities with other international partners, such as INSOL International, the IMF, IFC, the EBRD, and UNCITRAL, among others.

This position will involve extensive travel, including to low-income countries and fragile or conflict-affected states. This position could also provide opportunities to work across related World Bank engagements in areas like Digital Economy, climate, social protection, fintech and eGovernance.

Selection Criteria

Candidates must have the following technical qualifications:

• Advanced degree in Law (JD, LLB, LLM or equivalent) or economics with a minimum of 5 years of relevant experience. • Experience in the areas of corporate or personal insolvency is required. • Knowledge/experience in bank resolution, banking law; financial regulation; central banking; or corporate finance are an asset, but not required. • Experience working for or with financial institutions, law firms or other international financial institutions is an asset, but not required. • Strong research, analytical, and writing skills are essential. Publications in the relevant technical area are considered an asset. • Demonstrated ability to work flexibly and independently on a range of assignments, and to work under pressure to produce high-quality output in response to tight deadlines. • Proven ability to plan, direct, organize, and administer diverse activities to ensure successful and timely delivery of work programs. • Ability to function effectively in multi-disciplinary teams and to work sensitively in multi-cultural environments. • Strong leadership, organizational, and communications skills. • Strong project design and management experience and strong leadership, organizational, and communications skills with proven operational skills such as managing consultants and budgets. • Willingness to undertake extensive global travel. • Ability to meet expectations on quality, time, and budget. • Excellent oral and written English language communication skills. • Fluency in Spanish, Russian, French, Portuguese, or Arabic is desirable but not essential.

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 at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three 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 third-year ET appointment are not eligible for future ET appointments.