Senior Operations Officer (Senior Financial Sector Specialist) Job #: req30922
Organization: IFC
Sector: Operations
Grade: GG
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment
Location: Sydney, Australia, Singapore
Required Language(s): English
Closing Date: 1/15/2025 (MM/DD/YYYY) at 11:59pm UTC
Description IFC — a member of the World Bank Group (WBG) — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. Our mission is to leverage the power of the private sector to end extreme poverty and promote shared prosperity on a livable planet.
The IFC 3.0 strategy aims to stimulate more investment activity across emerging markets, especially in Low Income Countries (LICs) and Fragile and Conflict affected States (FCS). Our goal is to create, deepen, and expand markets and design and develop impactful investment projects.
The Country Advisory and Economics Unit of the East Asia and Pacific region (CEAAE) supports the IFC business by: (i) developing diagnostics and supporting targeted reforms that help remove market barriers; (ii) providing direct support to operational teams and country units; and (iii) leveraging coordination across the WBG.
CEAAE is seeking a Senior Financial Sector Specialist to be based in Singapore or Sydney and serve as technical lead on financial markets, sustainable finance, and financial inclusion for EAP. The selected candidate will provide leadership of the advisory work on CEAAE across countries and in particular the Pacific sub-region, where the financial sector portfolio is prominent, as well as developing business in other sub-regions.
Roles and ResponsibilitiesAct as financial sector and climate finance anchor for the CEAAE unit, collaborating closely with industries to develop a clear offering combining real and financial sector sustainability initiatives.Work closely with internal stakeholders to assess financial markets barriers and opportunities, lead dialogue with domestic and international stakeholders, and identify/develop tailored solutions.Collaborate closely with FIG upstream and investment teams to determine whether any regulatory barriers are hindering access to financial markets and develop advisory services to address them.Advise/support CEAAE advisory projects teams in identifying financial market barriers/risks and help client countries deliver reforms/regulations.Lead collaboration with FIG on the development of sustainable finance instruments and frameworks.Manage the implementation of the advisory project portfolio in the financial sector, overseeing CEAAE teams throughout the cycle of projects.Facilitate close coordination between IFC and the World Bank.Support efforts to incorporate relevant regulatory interventions into WBG country engagements products.Make substantive contributions to knowledge work in core topics of CEAAE.Share project and country knowledge with the wider WBG network and external clients.Participate in internal and external conferences as an expert speaker.Collaborate with stakeholders and form partnerships with staff across IFC and the World Bank Group.Mentor junior colleagues and provide quality control of strategic and analytical work.Selection CriteriaAn advanced degree (Masters/PhD) in Finance, Economics, Business Administration, or related field.Minimum of 12 years of relevant professional experience in financial sector development, economics, public policy, or related field.Solid technical skills in at least two of the financial sector development areas.Proven ability to conceptualize, design and implement major projects.Substantial and diverse experience in leading operations and client dialogue in IBRD or IDA countries.Demonstrated professional leadership and ability to lead a team of professionals.Excellent communication skills in English.Strong interpersonal skills to manage relationships with financial sector authorities.Willingness to travel to work with country clients.Passion for promoting development solutions.The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave. We are proud to be an equal opportunity and inclusive employer and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
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