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Lead Financial Sector Economist

Employer
World Bank Group
Location
Jakarta, Indonesia
Salary
Competitive
Closing date
Nov 5, 2024
View more categoriesView less categories
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Lead Financial Sector Economist

Job #:
req29915

Organization:
World Bank

Sector:
Financial Sector

Grade:
GH

Term Duration:
4 years 0 months

Recruitment Type:
International Recruitment

Location:
Jakarta,Indonesia

Required Language(s):
English

Preferred Language(s):

Closing Date:
11/1/2024 (MM/DD/YYYY) at 11:59pm UTC

Description

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 and promoting shared prosperity. 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. For more information, visit www.worldbank.org.

East Asia and the Pacific (EAP) Region and the Finance, Competitiveness, and Innovation Global Practice (FCI GP)

EAP is a large and diverse region, ranging from Small Island States of the Pacific to China. Despite substantial economic growth and poverty reduction, the 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 World Bank Group is seen as a premier development institution in the Region, with a leadership role in analytical and advisory services as well as financing. The Finance, Competitiveness, and Innovation (FCI) Global Practice (GP, under the Prosperity Practice Group) combines financial and private-sector development expertise to foster private-sector-led growth and help create markets in client countries.

FCI Program in Indonesia and Timor Leste

FCI's Indonesia program entails programmatic technical assistance and several lending operations. On the financial sector side, the work is broad, promoting stability, inclusion, depth, efficiency, and resilience. On the private sector side, the focus is on investment climate, competition, innovation and entrepreneurship. The FCI portfolio in Timor Leste focuses on economic diversification and widening financial intermediation.

Job duties and accountabilities

The Lead Financial Sector Economist will report to the EEAF2 Practice Manager and will lead the FCI policy dialogue and multi-sectoral teams in Indonesia's (and potentially Timor Leste's) work program. The position is based in Jakarta, Indonesia. The duties and responsibilities include:
• Provide technical, intellectual, and strategic leadership on FCI's policy dialogue and program on financial and private sector development issues.
• Identify new business opportunities, and lead and contribute to the quality of complex lending, analytical, and advisory work.
• Work closely with the Program Leaders, Country Economists, the Country Management Unit (CMU), IFC, and MIGA to ensure the integration of FCI issues in country strategies and programs.
• Build strong relationships and represent FCI effectively with various audiences, including key stakeholders, clients, beneficiaries, the public, and other internal and external partners.
• Provide leadership and oversight to FCI staff, including quality assurance and mentoring.
• Promote synergies across teams, facilitate cross-learning, disseminate best practices, and provide inputs to other GPs on FCI-related policies.

Note: This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered

Selection Criteria
• Master or PhD degree in a relevant field, at least 12 years of relevant financial sector experience in at least two regions or a combination of regional and corporate assignments.
• Broad and deep experience in financial sector policy issues, and a good understanding of private sector development issues.
• Strong experience in leading the policy dialogue and identifying emerging opportunities in a complex political environment.
• Strong experience in leading complex lending, analytical, and advisory services under diverse World Bank instruments and across disciplines and cultures.
• Demonstrated maturity and ability to mentor and incentivize teams, inspire trust with counterparts, and work in culturally diverse environments.
• Solid written and oral communication skills, including the ability to present complex analyses to non-specialist audiences.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

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 the World Bank and IFC, including our values and inspiring stories.

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