E T Consultant

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. Visitwww.worldbank.org.

Background & General Description:

THE WORLD BANK GROUP GLOBAL PRACTICES & CROSS-CUTTING SOLUTIONS AREAS. Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. In fiscal year 2015, the WBG committed $60 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $19 billion was concessional finance to its poorest members. It is governed by 188 member countries and delivers services out of 120 offices with nearly 15,000 staff located globally. The WBG consists of five specialized institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). 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).

THE ROLE OF THE GLOBAL PRACTICE FOR FINANCE, COMPETITIVENESS, AND INNOVATION (FCI) IN THE WBG. Finance, Competitiveness, and Innovation (FCI) is comprised of about 700 staff working across more than 120 countries. It works 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 Country Management Units and in proximity to clients. FCI professionals also lead or participate in a wide variety of analytical and advisory work that add to the core expertise delivered to client countries. Knowledge and learning are 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) Crisis and Disaster Risk Finance. FCI works closely with the Global Practice for Macroeconomics, Trade and Investment (MTI) on systematic country diagnostics, country strategies, policy lending and other private sector diagnostics, analytical and lending activities. The World Bank Group is committed to achieving diversity in terms of race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply.

The CRISIS AND DISASTER RISK FINANCE team houses the Disaster Risk Financing and Insurance Program (DRFIP) augmented by the strategic integration of the Risk Finance Umbrella (RFU) and the Global Shield Financing Facility (GSFF). DRFIP helps developing countries design and implement solutions to increase their financial resilience against natural disasters by assist in mainstreaming disaster risk finance as part of the broader disaster risk management and fiscal risk management agendas. The RFU, a downstream vehicle established in July 2022, complements this by enhancing financial management and championing market-based solutions, underscoring the implementation of pre-arranged disaster risk financing solutions and integration of these principles in client nations. The Global Shield against Climate Risks, endorsed by the G7 and V20, is implemented through three financing vehicles, one of which is the GSFF, hosted by the World Bank. This upstream vehicle is instrumental in enhancing pre-arranged financial protections against climate and disaster risks for vulnerable populations and countries. These collective efforts create a comprehensive, resilient structure to mitigate the impacts of natural and climate-related disasters globally.

Roles & Responsibility:

In order to support the WB-UK Disaster Protection Program(DPP) and its London Disaster Risk Finance team, the team is seeking anExtended Term Consultant (ETC) with a background and experience in theapplication of catastrophe risk models and/ or climate models for designingfinancial instruments for climate and disaster risk finance and insurance, andassessing climate risks in the financial system. His/ Her overall objectiveswill be to

Develop climate risk finance and insurance solutions (such as(parametric) insurance programs, financial risk management instruments) for governments, small & medium enterprises, and households.
Assess the impact of climate physical risk on the financial system of emerging markets and developing economies (using climate science and catastrophe modeling) to inform financial sector policies.
Support the design and implementation of World Bank projects focused on financial risk management of climate and other disaster shocks.
Develop innovative approaches and tools by exploring the use of new technologies (e.g., remote-sensing, crowd-sourced data, advanced risk analytics, mapping, and visualization techniques) for catastrophe risk, including climate related financial risk modeling, catastrophe risk assessment, and risk and exposure data management.
Clearly communicate insights and technical approaches verbally and in writing to specialists and non-specialist.
Support the DPP Program Leader in his/her interaction with the donor partners.

S/he will be assigned to work on countries and issues whichspan a full global portfolio. Thecandidate will also perform any other tasks are requested by the PracticeManager.

Selection Criteria

Deliver Results for Clients – Proactively addresses clients stated and unstated needs.
Collaborate Within Teams and Across Boundaries – Collaborates across boundaries, gives own perspective and willingly receives diverse perspectives.
Lead and Innovate Contributes to development of innovative solutions.
Create, Apply and Share Knowledge – Applies knowledge across WBG to strengthen solutions for internal and/or external clients.
Make Smart Decisions – Interprets a wide range of information and pushes to move forward.
Operational Project Management – Demonstrates broad knowledge of project management tools & methodologies; identifies key risks and mitigation measures; interprets background analysis and proposed solutions.
Financial Economic Policy – Demonstrates knowledge of economic policy development; demonstrates strong analytical skills & writing ability to help identify and assess policy issues in support of policy dialogue.
Sector/Program Representation – Ability to constructively participate in strategic cross-sector dialogues within the network, across the country, among Bank colleagues and other development institutions, government, and other organizations.

Other Selection Criteria:
Masters degree [or equivalent professional qualification] plus at least 5 years of experience in finance, economics, statistics, engineering, disaster risk management, or related discipline.
Proven ability to work in teams, as well as support the delivery of complex analytical and advisory services.
Proven ability to work under pressure and deliver high quality work on time.
Excellent written and verbal communication skills.
Experience in emerging markets in an advantage.

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 theWorld BankandIFC, 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.