Junior Analyst

Contract

This is a UNV International Specialist contract. This kind of contract is known as International UN Volunteer. It is normally internationally recruited only. More about UNV International Specialist contracts.

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, as well as engagement with various standard-setting bodies, such as the G20, Financial Stability Board, the UN, etc.

Within countries, FCI works with governments to create an enabling environment where financial stability, access to finance and risk management provide a foundation to crowd-in private sector investment, create capital markets, and accelerate equitable growth.

At the same time, the practice is focused on identifying firm- and industry-level constraints to deliver reforms which can drive growth and accelerate job creation (including access to finance, innovation, special economic zones, industry solutions, entrepreneurship, etc.). Boosting firm-level efficiency and productivity centers on adopting better technologies, including digital ones. FCI comprises close to 800 staff working across more than 120 countries.

As the largest economy in South East Asia and 16th largest in the world, Indonesia has maintained an average GDP growth of 5% p.a. in the last 5 years. The growth is sustained primarily by the private consumption, thanks to a large and growing domestic market with a middle class estimated to account for 20 percent of the Indonesia population and for 43 percent of total household consumption. In addition, the economy in the last 3 years has been supported by a significant rise in public investment, following the fiscal space created by the termination of fuel subsidies. Indonesia has become an upper middle-income country in 2020 and aspires to become the 5th largest economy in the world by 2030. This would require a significant boost of investment to achieve the necessary economic growth and new financing sources will be needed to support such investment. The existence of a sound and well-functioning financial sector and an enabling environment for business is critical to sustain Indonesia’s growth and to achieve the Government’s economic growth and poverty reduction goals.

Countries with better developed financial systems, i.e. financial markets and institutions that more effectively channel society’s savings to their most productive use, experience faster economic growth. Empirical evidence shows that countries with higher levels of credit to the private sector relative to GDP experienced higher average annual real GDP per capita growth rates over the period 1980 to 2003.

However, to date, the Indonesian financial sector has not been sufficiently well-developed to fund Indonesia’s development needs and boost inclusive economic growth. Indonesia, with a level of financial sector assets to GDP of 71 percent (as of 2019), compares poorly to other ASEAN countries. As such, the Indonesian financial system is excluding half of the adult population; is not serving adequately SMEs; is not able to fund critical infrastructure; and it leaves the country more exposed to global shocks.

One way of assessing the Indonesian financial sector is through the lenses of financial depth, efficiency and resilience. A deep financial system is needed to increase availability of funds and access opportunities. An efficient financial system is needed to channel savings into the most productive investment opportunities in a less costly, faster, safer and more transparent way. Finally, a resilient financial system is needed to withstand financial and non-financial shocks and protect consumers and investors.

The World Bank’s financial sector program in Indonesia includes a Programmatic ASA (PASA) covering stability, inclusion, long-term finance and disaster risk finance as well as three lending operations: a $200 million investment project financing (IPF) on infrastructure finance, a DPL series of three operations ($300 million each) and a $500 mill IPF on Disaster Risk Finance. A multi-phase trust fund from Switzerland’s State Secretariat for Economic Affairs (SECO) underwrites a significant portion of the analytical and technical assistance work which underpins this agenda. The program involves a large team of local and global staff and requires a strategic engagement with internal and external stakeholders while managing both bank and external funding sources.

The Junior Analyst will support the delivery of an effective financial sector development program in Indonesia, by providing ongoing support to monitoring program outputs and outcomes, drafting donor reports and progress reports, preparing briefings and background notes, and drafting high quality power-point presentations. A focus will be on supporting the effective delivery of the SECO-funded Indonesia Financial Sector Support Program (IFSSP) trust fund.

Under the direct supervision of Francesco Strobbe (Senior Financial Sector Economist and FCI program coordinator) and Salman Alibhai (Senior Financial Sector Specialist), the UN Volunteer will undertake the following tasks: • Assist the Task Team Leaders (TTLs) and financial sector team in updating the status of on-going work program activities by supporting the organization of the team’s bi-weekly meetings and maintaining an action matrix of agreed activities. • Consolidate the team’s inputs for a monthly update of activities to SECO and other donors as needed, and support the team in preparing the annual reports on the overall financial sector programmatic agenda, as well as on the specific trust funds. • Support the financial sector team in preparing PowerPoint presentations for internal and external stakeholders on strategically relevant topics. • Develop templates for PowerPoint presentations, briefing notes, and progress updates on financial sector issues. • Participate in updating the outcome and output indicators of the financial sector program overall and of the SECO-funded IFSSP trust fund; • Assist other financial sector on-going work (including data collection and analysis, drafting technical notes and presentations) and participating in discussions with colleagues from other departments and with the Client.

Results/Expected Outputs • Effective delivery of the World Bank’s financial sector development work program in In-donesia and the SECO-funded Indonesia Financial Sector Support Program (IFSSP) • High-quality PowerPoint presentations, briefing notes, and donor/progress reports on fi-nancial sector development prepared, including templates for future presentations and re-porting • The development of capacity through coaching, mentoring and formal on-the-job training, when working with (including supervising) national staff or (non-) governmental counter-parts, including Implementing Partners (IPs); • Age, Gender and Diversity (AGD) perspective is systematically applied, integrated and documented in all activities throughout the assignment • A final statement of achievements towards volunteerism for peace and development dur-ing the assignment, such as reporting on the number of volunteers mobilized, activities participated in and capacities developed

Competencies and Values ☒ Adaptability and Flexibility ☒ Client Orientation ☒ Commitment and Motivation ☒ Communication ☒ Ethics and Values ☒ Integrity ☒ Knowledge Sharing ☒ Planning and Organizing ☒ Self-Management ☒ Technological Awareness ☒ Working in Teams

financial sector development or financial inclusion; • Previous experience as a volunteer and/or experience of another culture, (i.e. studies, volunteer work, internship) would be highly regarded; • Highly organized, disciplined, and takes initiative; • Able to work independently and maintain originality, determination and discipline in completing the work; • Ability to operate effectively and harmoniously in a team-based environment. Excel-lent interpersonal, teamwork and communications skills; • Experienced and highly proficient in preparing high-quality PowerPoint presentations and occasionally speaking notes; • Excellent English-language writing skills, and ability to prepare background notes, progress reports, and briefings on financial sector issues in Indonesia; • Knowledge and skills of quantitative data analysis in Stata (preferred, not mandatory), or willingness to learn.

The largest economy in Southeast Asia, Indonesia – a diverse archipelago nation of more than 300 ethnic groups – has charted impressive economic growth since overcoming the Asian financial crisis of the late 1990s. Today, Indonesia is the world’s fourth most populous nation, the world’s 10th largest economy in terms of purchasing power parity, and a member of the G-20. Furthermore, Indonesia has made enormous gains in poverty reduction, cutting the poverty rate by more than half since 1999, to just under 10 percent in 2020.

Indonesia is a country on the move with a rapidly developing economy. The country still has many development challenges, but given the trajectory it is on, it is expected that with time Indonesia will join the ranks of industrialized economies. This is an exciting place to live and work. It provides a first-hand opportunity to observe what fast paced development looks like, its triumphs and challenges. Many expats who have worked or work in Indonesia will attest to the significance of the changes the country is undergoing. Being part of the change is bound to be exciting.