Senior Financial Sector Specialist

Ulaan Baatar

Organization: World Bank Group
Location: Ulaan Baatar
Grade:
Occupational Groups:
- Banking and Finance
- Impact investing, Social venture capital
Closing Date:

Do you want to build a career that is truly worthwhile? The World Bank Group (WBG) 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. https://www.worldbank.org.

East Asia and the Pacific (EAP) Region

The EAP region serves 22 client countries with a total population of about 2 billion. Clients range from large IBRD countries such as China, Indonesia, Vietnam and the Philippines; to smaller countries, some of them IDA, such as Cambodia, Laos, Mongolia, several Pacific Island states, Papua New Guinea and Timor-Leste. The EAP region presents a dramatic illustration of the global dynamics, opportunities and risks of the 21st century. EAP has made spectacular progress towards achieving the WBG’s twin goals, eliminating extreme poverty and boosting shared prosperity on a livable planet – extreme poverty declined faster than any other region and the income of the bottom 40 percent increased substantially. Such a rapid transformation has made EAP one of the most dynamic regions in the world. However, it also faces significant challenges such as managing the largest rural-to-urban population shift in human history, coping with rising inequality, addressing large infrastructure gaps, dealing with climate change, and building human capital. Growth has been uneven across and within countries, institutions still need strengthening, and most countries are heavily affected by climate change. The Bank plays a significant role on global public goods, including climate, biodiversity, water pollution, and health. The overlapping crises and economic shocks are compounding the impact of the global economic slowdown. The World Bank Group is seen as a premier development institution in the Region, with a leadership role on analytical and advisory services as well as financing.

East Asia and the Pacific Region: https://www.worldbank.org/en/region/ea

Finance, Competitiveness, and Investment Global Department (FCI GD)

The FCI GD is part of the Prosperity Vertical in the World Bank. FCI combines expertise in the financial sector with expertise in private sector development to foster private sector-led growth and help create markets in client countries. FCI’s core lines of business are: (a) Financial Stability & Integrity; (b) Financial Inclusion, Infrastructure & Access; (c) Firm Capabilities & Innovation; (d) Long-Term Finance; (e) Climate & Risk Management; (f) Markets and Technology; and (g) Investment and Competition.

For more information, please visit https://www.worldbank.org/en/about/unit/fci

The FCI EAP1 team supports its client countries in the region through designing and implementing innovative lending operations. It also provides cutting-edge advisory services and high-quality analytical work designed to support policymakers in a range of issues related to financial sector development, strengthening private sector competitiveness, and supporting innovation.

The Senior Financial Sector Specialist, based in Ulaan Baatar, will report to the FCI EAP1 Practice Manager and will be expected to lead the FCI program in Mongolia, with a versatile skillset and expertise to cover integrative solutions across the FCI core lines of business. FCI’s program in Mongolia covers analytical and advisory engagements aimed at enhancing the stability, efficiency, and developmental impact of Mongolia’s financial sector and promoting sustainable development of the private sector.

Duties and responsibilities

1. Lead/co-lead strategic and technical engagements on various financial and private sector development issues with the authorities and stakeholders at various levels in Mongolia. Work in close coordination with FCI regional EAP1 team, FCI global teams, other global departments within Prosperity and other verticals, and the CMU on lending projects, advisory services and analytics (ASAs) programs, and Just-in-Time (JIT) TA with Mongolian counterparts to meet country needs in line with client and FCI priorities.

2. Support counterparts and lead/co-lead engagement on relevant issues primarily focusing on banking and capital markets development, housing finance, green finance, mobilizing private capital, and strengthening public finance institutions. Collaborate closely with other global departments to design and implement scalable projects where appropriate.

3. Evaluate financial and private sector policies, strategies, and institutions with a view to formulating reform recommendations for country authorities.

4. Lead business development and the preparation of lending operations in the FCI program area with the aim of facilitating sectoral reforms and provision of cross-sector and One WBG solutions.

5. Work closely with the Prosperity Program Leader, other global departments, Country Management Unit (CMU), IFC and MIGA to ensure the integration of relevant financial and private sector development issues in country strategies, SCDs/CPFs, core knowledge pieces, work programs, and country policy dialogue and engagement.

6. Deliver high-quality analytical and advisory work on a range of operational, country, and sector issues, providing expert interpretation of information/data, identifying key pertinent issues, and recommending targeted actions/solutions with a focus on financial sector development. Contribute to the dissemination of FCI activities, within the WBG and in external events.

7. Support the Prosperity team in the preparation of briefing material on country program/sector and project issues, with emphasis on the financial and private sector. Produce technical notes and inputs, briefings, presentations, etc. as requested by CMU and FCI management.

8. Provide ad-hoc cross-support in selected countries in the EAP region if required.

We do our best to provide you the most accurate info, but closing dates may be wrong on our site. Please check on the recruiting organization's page for the exact info. Candidates are responsible for complying with deadlines and are encouraged to submit applications well ahead.

Before applying, please make sure that you have read the requirements for the position and that you qualify.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.

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