Senior Financial Sector Specialist - Tenders Global

Senior Financial Sector Specialist

World Bank Group

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Description

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The World Bank’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 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 corporate, SMEs 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 Senior Financial Sector Specialist will be a member of the Long-Term Finance, with a focus on regulation and supervision of securities markets (including derivatives markets). He/she will report to the Practice Manager. The position is based in Washington, DC, and involves frequent travel.

Duties & 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 projects, providing technical guidance and oversight, managing teams of WB staff and external experts, being responsible for delivery of outputs, and managing client relationships. 
  • Provide high quality advice to frontier and emerging market countries on development of domestic securities markets, with a focus on regulation and supervision of capital markets.
  • Support the regional teams in designing and implementing projects involving aspects related to securities markets, leading advisory and technical assistance initiatives, monitoring analytical sector work, with a focus on regulatory and supervisory issues.
  • Contribute to securities markets operations, including financial sector assessments, with a focus on regulation and supervision of securities markets (including derivatives markets), including conducting IOSCO assessments. 
  • Build and manage relationships with key government and industry officials 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, with a focus on issues related to the regulation and supervision of securities markets. 
  • 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 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; and with other international organizations, including the International Organization of Securities Commissions, and the International Monetary Fund.
  • Other duties and tasks as might be specified by the EFNLT Practice Manager. 
Selection Criteria:

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 regulation and supervision of securities markets (including derivatives markets).
  • Working experience in a securities market financial regulatory agency  is a strong 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 plus.
  • Willingness and ability to undertake extensive travel in low income and emerging countries.
  • Mandatory English fluency; French and/or Spanish proficiency would also be an advantage.

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