Senior Financial Sector Economist - Private Sector Development
Senior Financial Sector Economist, Private Sector Development
Based: Washington, DC
Background / General Description:
The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities in developing economies around the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity.
As part of our commitment to creating a dynamic, creative and diverse working environment, we have launched a recruitment drive aimed to attract nationals of Sub-Saharan and Caribbean countries.
The Sector Economics and Development Impact Department, part of the Economics & Private Sector Development Vice Presidency in IFC, analyzes sectoral economic trends, and works closely with IFC Operations in formulating sector priorities and strategies, conducting policy dialogue, structuring, appraising, and monitoring investment and advisory projects, and reporting on IFC’s impact.
The Department is looking for a Senior Financial Sector Economist to help it assess, on an ongoing basis, the impact of financial sector development on macroeconomic trends, perform deeper analysis for decision making purposes and incorporate the relevant analysis to IFC’s strategy and private sector development (PSD) objectives. He/she will work in close collaboration with the Investment and Advisory Staff of the Financial Institutions Group (FIG), responsible for designing and structuring IFC’s financial sector operations.
Financial sector operations comprise a significant portion (40%) of IFC’s investment operations, and make important contributions to financial sector development in client countries. These operations span commercial banking, including specialized product areas such as SME banking; insurance, microfinance, housing finance, trade finance, distressed assets, and capital markets development .
Duties and Accountabilities
Duties of the Senior Sector Economist include:
- Monitor and analyze trends and developments in the financial sector on the global, regional and country level, and produce reports with a focus on challenges, priorities, and opportunities for market creation and private investment in the sector.
- Contribute to the development and implementation of an ex-ante project assessment framework for investment and advisory projects throughout the project cycle.
- Work with FIG investment teams to prepare economic assessments of IFC investment projects, including the projects’ direct and broader impact, as well as provide expert advice and support to operational teams and managers on trends, key risks, and sector analysis during the project life cycle, in coordination with the industry specialists.
- Undertake strong analytical work based on rigorous applied economics in collaboration with FIG investment and advisory teams to inform both sector strategies and operational decisions and provide solutions for financial sector development.
- Take an active role in sector policy dialogue aimed at creating markets for private sector-driven development and maintain a regular communication with key internal and external stakeholders.
- Work in close collaboration with the FIG Management team on FIG strategy across sub-sectors, and on Board submissions to ensure well-articulated and well-justified analysis of developmental and sustainability impacts of FIG’s engagements in private sector development citing documented and proven outcomes from academic research that support recommended interventions.
- Liaise with partners from across the World Bank Group, the IMF, and at the country level to ensure that support to countries and clients is well-coordinated.
- Prepare briefs, reports, and presentations to various stakeholders including senior management and the Board, as well as external stakeholders, on issues in financial sector development.
- A graduate degree (PhD preferred) in economics/finance/public policy or other relevant graduate degree from a reputable university.
- An extensive experience demonstrating analytical skills in economics and private sector development work, with a focus on the financial sector.
- Prior work experience focusing on the financial sector in a Development Finance Institution (DFI) or in the private sector, and track record of working on financial sector strategies and policy related aspects.
- Proven ability to undertake strong analytical work from conceptualisation to publication with limited supervision.
- Knowledge of IFC or similar operational and portfolio work and a good understanding of investment projects and areas of focus is desirable.
- Well versed in investment project development outcomes’ assessment tools and methodologies.
- Strong analytical and quantitative skills.
- Excellent written and verbal communication skills and ability to communicate effectively with high level stakeholders.
For further details and to apply, please visit the microsite.
Search for req141.
Closing date for applications: June 18 2018.