Senior Financial Sector Specialist

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.
East Asia and the Pacific (EAP) Region EAP is a large and diverse region, ranging from Small Island States of the Pacific to the Philippines and China! Despite substantial economic growth and poverty reduction, the EAP region faces huge development challenges. Growth has been uneven across and within countries, institutions still need strengthening, and most countries are heavily affected by climate change. The Bank plays a meaningful role on global public goods, including climate, biodiversity, water pollution, and health. The COVID pandemic, and more recently food and energy price increases are compounding the impact of the global economic slowdown. The World Bank Group is seen as a premier development institution in the Region, with a leadership role on analytical and advisory services as well as financing. East Asia and the Pacific Region:
The Role of the Global Practice for Finance, Competitiveness, and Innovation (FCI) in the WBG. The World Bank Group’s Finance, Competitiveness, and Innovation Global Practice (FCI) combines expertise in the financial sector with expertise in private sector development to foster private sector led growth and help build markets in client countries. FCI is an integrated World Bank and IFC Global Practice promoting inclusive and sustainable growth in a transforming world through finance and private sector solutions. FCI delivers tailored development solutions to countries and the global community at large, working with public and private sector clients. FCI structures and implements comprehensive financial sector and private sector solutions that bring together World Bank knowledge, financial products (loans, credits, guarantees, and risk-management products), convening services, and IFC advisory services.
The menu of solutions that FCI offers through its lending and advisory services is consistently evolving along with changes in the financial sector. It encompasses diverse areas such as financial stability and integrity, climate and risk management, credit bureaus, movable collateral, secured transactions, capital markets, infrastructure finance, housing finance, agriculture finance, financial inclusion, and digital financial services. The World Bank also seeks to meet demand for just-in-time expertise and to serve as a knowledge broker across all regions.
The EAP FCI team designs and implements a growing portfolio of innovative lending operations, as well as ground-breaking advisory services and high-quality analytical work. This is designed to support policymakers in a broad range of issues related to financial sector development, strengthening competitiveness, and supporting innovation and productivity growth. EAP houses 3 important donor funded hubs in Korea, Malaysia, and Singapore to leverage partner resources to support both regional and global priorities/engagements.
The EAP FCI team (EEAF2) is looking for a Senior Financial Sector Specialist to better support its engagements in financial sector development and strengthen its ability to build new partnerships and leverage them to enhance operational support and knowledge sharing in the Pacific and in the EAP region. This role reports to the EEAF2 Practice Manager.
Duties and accountabilities: