Senior Financial Sector Specialist

The World Bank Group ,
London, Greater London
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Senior Financial Sector Specialist Job #: req7695 Organization: World Bank Sector: Financial Sector Grade: GG Term Duration: 3 years 0 months Recruitment Type: Local Recruitment Location: London,United Kingdom Required Language(s): English, French Preferred Language(s): Closing Date: 6/24/2020 (MM/DD/YYYY) at 11:59pm UTC 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. Visit www.worldbank.org. 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 Crisis and Disaster Risk Finance team houses the World Bank's Disaster Risk Financing and Insurance Program (DRFIP). The DRFIP helps developing countries design and implement solutions to increase their financial resilience against natural disasters. The DRFIP aims to assist in mainstreaming disaster risk finance as part of the broader disaster risk management and fiscal risk management agendas. The DRFIP has developed a set of products on knowledge management and capacity building and advisory services. Among a set of programs managed by DRFIP is the WB-UK Disaster Protection Program (DPP) and its London Disaster Risk Finance Hub. DPP aims to strengthen financial resilience of vulnerable countries by enabling earlier and more reliable response and recovery to climate and disaster shocks, and over time to a wider range of crises, through establishing or scaling up pre-arranged risk financing instruments, including market-based instruments like insurance. Roles & Responsibilities The advertised position will report to the Practice Manager of the Crisis and Disaster Risk Finance team. In order to support the crisis and disaster risk finance portfolio, and especially the growing portfolio of the WB-UK Disaster Protection Program and its Disaster Risk Finance Hub in London, the team is seeking a Senior Financial Sector Specialist with a background and experience in catastrophe insurance markets, finance, risk quantification and model development, and design and implementation of financial risk management solutions against crisis and disaster risks. Experience in developing countries in an advantage. His/her overall objective will be to (i) advise country clients in developing and implementing disaster risk finance policies and instruments, including risk transfer solutions, and (ii) lead the development of analytical & advisory services to improve the financial resilience of developing countries against disaster shocks and, over time, a wider range of crises. This role also requires experience in working upstream with development partners. S/he will be assigned to work on countries and issues which span a full global portfolio. The candidate will: Coordinate the technical and analytical development of financial solutions against disasters and climate shocks to help address country client needs, including governments and public agencies (e.g., insurance programs and derivatives, financial risk management s

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