Financial Sector Analyst

Financial Sector Analyst

Job #:

req20651

Organization:

World Bank

Sector:

Financial Sector

Grade:

GE

Term Duration:

3 years 0 months

Recruitment Type:

Local Recruitment

Location:

Washington, DC,United States

Required Language(s):

English

Preferred Language(s):

Closing Date:

1/19/2023 (MM/DD/YYYY) at 11:59pm UTC

Description

Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank consists of two entities - the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). It is a global development cooperative owned by 189 member countries. As the largest development bank in the world, the World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and creditworthy low-income countries, and coordinates responses to regional and global challenges. For more information, please visit www.worldbank.org.

The Consultative Group to Assist the Poor (CGAP) is a global multi-donor partnership dedicated to advancing financial inclusion for the poor. CGAP plays a unique role as a donor-coordination mechanism for funders working to improve the lives of poor people through the power of financial inclusion, providing a valuable platform for information, dialogue and reflection to advance progress towards a collective vision. Using action-oriented research, CGAP tests, learns and disseminates knowledge intended to help build inclusive and responsible financial systems that move people out of poverty, protect their assets and advance broader global development goals. CGAP leverages its relationships with businesses, governments and the non-profit sector to share insights, mitigate risks and protect customers, and help others bring solutions to scale. CGAP serves as a global advocate for the financial inclusion community by collaborating with strategic institutions that influence policy and market development and providing evidence-based research and practical lessons that guide their work. For more information, please visit https://www.cgap.org/

CGAP is supported by more than 30 partners including bilateral and multilateral development agencies, development finance institutions and private foundations committed to advancing financial access for the poor. CGAP is housed in and administered by the World Bank.

CGAP is guided by a five-year strategy and annual workplans. The current five-year strategy, CGAP VI, covers the period July 1, 2018 - June 30, 2023, and is built on a theory of change (ToC) that has identified four collective outcomes:

• Customers have information, incentives, trust, confidence and networks to participate in the financial system.• Providers offer affordable, responsible, and accessible financial solutions for poor people that are sustainable and at scale.• An infrastructure that enables ubiquitous, efficient, open and safe markets is in place.• A policy and regulatory framework for responsible financial inclusion is in place and enforced.

Beyond work with its core partners, CGAP also provides industry-levelsupport to share knowledge and scale impact. This will include improving global learning on impact evidence,supporting CGAP's members, and focusing on capacity development to scalelearning with providers and policymakers.

Implementation of CGAP VI is carried outby the Operational Team through a "portfolio of projects" designed to achieve thehigh-level collective outcomes articulated in the theory of change.

CGAP is currently undergoing aconsultative strategic development period to design its next strategy, "CGAPVII." The draft strategy is expected to be approved by CGAP's Council ofGovernors in the fourth quarter of Fiscal Year 2023 and to take effect as ofJuly 1, 2023.

Job Duties and Responsibilities:

CGAP is recruiting an early-career Financial Sector Analyst to join CGAP's expanding efforts in advancing financial inclusion for the poor. Specific duties and responsibilities include:

• Provide direct support to CGAP's Member Engagement and Partnerships Unit in managing relationships and engagements with CGAP member organizations and prospective members.• Assist the Partnerships Unit in gathering, analyzing and presenting member and market intelligence that can support decision making and optimization in member engagement, partnership development, and fundraising.• Conduct research and help broker and monitor interactions on themes in inclusive finance between CGAP technical teams and member counterparts, as well as between multiple members.• Produce compelling written and oral analysis and materials for diverse stakeholders and audiences in inclusive development.• Monitor trends in financial inclusion research (academic and private sector) to help identify new ideas, resources, and opportunities for the CGAP and Partnerships unit team.• Support coordination of events, trips, and member/partner meetings.• Support projects through coordinating activities across multiple people and workstreams and carry out supporting administrative functions as needed.• Participate in cross-functional CGAP teams and corporate work as required.

Selection Criteria

Qualifications

The successful candidate(s) will demonstrate the following WBG Core Competencies:

Deliver Results for Clients

- Sets challenging goals that align with the WBG mission and is always looking to improve

- Understands clients' most pressing challenges and contributes to solutions

- Takes personal responsibility for producing high quality work, identifying and informing of risks, and delivering results for clients

Collaborate Within Teams and Across Boundaries

- Keeps others fully informed to ensure integration and work consistency and displays a sense of mutuality and respect

- Approaches conflicts as common problems to be solved

- Seeks and listens to input from others to inform own decision making and openly shares information

- Frames thinking/actions with a WBG corporate perspective in mind

Lead and Innovate

- Applies critical thinking to current approaches, identifies areas for improvement, and tries new solutions that drive results

- Considers own behavior in context of WBG's values and mission and recognizes impact one has on others

- Operates in ambiguity and changing needs and supports others to do the same

Create, Apply, and Share Knowledge

- Contributes to the department's and WBG's body of knowledge by applying lessons learned and expertise

- Actively invests in own knowledge and seeks feedback

- Builds personal and professional networks within and beyond the work group

Make Smart Decisions

- Seeks and analyzes facts, data and lessons of past experience to support sound, logical decisions regarding own and others' work

- Applies cost/benefit analysis to meet work program objectives

- Contributes to decision making by providing relevant risk-analysis

- Shows initiative when necessary, and makes decisions in a timely manner within own area of responsibility

In addition to meeting the World Bank-wide general criteria for GE positions, it is expected that the selected candidate would meet the following criteria:

• A master's degree in Law, Finance, Business Administration, International Development, or another relevant topic. • At least 3 years of experience working on matters related to international development or sustainable finance.• Familiarity with the international development funding and impact investing landscape is a plus. • Experience drawing insights from data analysis• Strong writing skills and ability to extract learnings in fast-moving environment• Proven ability to think conceptually and rapidly, analyze diverse information from varied sources.• Ability to collect and analyze complex and incomplete information, interpret data, synthesize issues, make connections across topics, and present into a cohesive picture. • Ability to problem-solve around new topics, identify major issues, and develop a research plan.• Agile, curious, and open mind; proven ability to learn, adapt, and be innovative. Actively seek and consider diverse ideas and approaches.• Strong client orientation and ability to maintain complex client relationships in the face of conflicting demands or directions. • Ability to multi-task, work under tight deadlines, and handle conflicting demands or directions.• High level of integrity and discretion, sound business judgment, and diplomatic skills.• Enjoy working in a team-based environment• Proven track record in drafting quality papers/notes/briefs.• Exceptional written and oral communication skills in English, including the ability to speak and write persuasively and present ideas clearly and concisely. • Additional language skills would be an advantage.• Strong skills in Microsoft Office (Word, PowerPoint, Excel)

For information about WBG Core Competencies, please visit: https://bit.ly/2kbIA7O

Poverty has no borders. Neither does excellence. We continually search for qualified individuals with diverse backgrounds from around the globe. 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.

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.