Senior Financial Sector Specialist

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Description

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• The World Bank seeks to recruit a staff member to lead and support the work on climate- and nature risks and opportunities in EMDE financial sectors, with a specific focus on central banks and supervisory authorities.
• The selected candidate will bear responsibility for creating and advancing the overall strategic agenda, playing a pivotal role in coordinating activities, and delivering country analytics and advisory services.

• Leading and supporting EMDE country work programs supporting central banks and supervisors in integrating climate and nature risks into their supervisory practices.
• The selected candidate, operating independently and as a project lead, is expected to manage relationships with client countries.
• The candidate will contribute to and support financial sector authorities with high-quality outputs, such as regulations and supervisory approaches pertaining to the management and reporting of climate- and nature-related financial risks.
• The candidate will also conduct assessments of financial sectors’ exposure to both physical and transition risks associated with climate and nature, as a foundation to supervisory guidance.
• Assisting the team in developing new advisory services related to upcoming regulations and supervisory approaches, including those that can help foster climate finance, such as prudential approaches for net-zero transition planning, and e.g. those related to nature-related risks.
• Conducting climate diagnostics and assessments within the Financial Sector Assessment Program and related diagnostics (such as the World Bank’s Country Climate and Development Reports).
• This involves engaging in missions to client countries, where the candidate is expected to assess climate and nature risks and opportunities and provide guidance to financial sector regulators and supervisors on managing these risks, as well as on the development and expansion of green finance.
• Supporting and leading engagements on climate and nature risks and opportunities with external and internal stakeholders. External partners include the FSB and NGFS, of which the World Bank is an observer.
• Internally, coordination with various World Bank Group teams and programmatic approaches is essential. The selected candidate is expected to represent the Bank at relevant events globally. 
• Preparing and reviewing reports on policy issues, challenges, and opportunities related to climate and nature-related financial risks and opportunities. 
• Providing briefings to senior management on policy developments and events linked to climate and nature-related financial risks and opportunities. The candidate will support management in designing appropriate strategies for the World Bank to engage in these developments.

• Advanced degree (Master’s/PhD) in a relevant area, for example Finance, Economics, Econometrics, Business Administration, Public Policy, Climate Change and Environmental Science.  
• At least 8 years of work experience in relevant areas, including exposure to the analysis and/or supervision of climate and nature risks for the financial sector.
• The candidate’s professional experience includes working for a financial sector authority (e.g., central bank, prudential regulator, supervisor, Ministry of Finance), an International Financial Institution, financial institution, and/ or consulting firm.
• Deep familiarity with concepts related to financial stability, climate-related financial risks, financial sector regulatory and supervisory frameworks, and green and sustainable finance.
• Demonstrated interpersonal skills and experience in working effectively in large and multi-disciplinary teams of (senior) specialists. 
• Strong project management skills, with capacity to work simultaneously on a variety of issues and tasks, independently adjusting to priorities. 
• Ability to use quantitative techniques to support analysis and policy formulation, preferably through a track record of policy or academic publications.
• Excellent written and oral communication skills in English, specifically in writing and editing briefs, reports and preparing PowerPoint presentations. Demonstrated ability to advocate positions and defend difficult issues orally and in writing to government officials, WB management and others. Proficient knowledge of other relevant WB client country languages is a plus.
• Familiarity with World Bank operations is desirable. 
• Flexibility and willingness to travel.

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