Job Details

E T Consultant - Finance

Description

Do you want to build a career that is truly worthwhile? 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 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.  For more information, visit www.worldbank.org.

The Development Finance Vice-Presidency (DFi) is responsible for all aspects of corporate finance of IBRD, resource mobilization and management of the world’s largest concessional fund – IDA, and the financial management of grant contributions from development partners for Trust Funds (TFs) and Financial Intermediary Funds (FIFs). Given the nature of these activities, DFi works closely with the President's office, Executive Directors, WBG Senior Management, corporate and operations units across the WBG, funding partners and government officials. The VPU has two departments – Corporate IDA and IBRD (DFCII) and Trust Funds and Partner Relations (DFTPR). 

Effective July 1, 2025, DFCII will consist of three units, one of which is IBRD-IDA Corporate Finance (IICF). IICF’s main responsibilities include i) the replenishment and stewardship of IDA with primary focus on IDA’s medium- to long-term financial planning and sustainability, balance sheet optimizations, and overall balance sheet management, ii) IBRD’s medium- to long-term financial and capital planning and sustainability, overall balance sheet management, and annual decisions on loan terms and income allocations, and iii) managing IDA’s capital subscription and voting rights and related member relations and communications. To effectively deliver its work program, IICF is structured under four clusters:

1. Financial Strategy and Policy: responsible for monitoring IBRD and IDA’s medium- and long-term financial outlook and setting financial strategies and policies to ensure IBRD and IDA’s financial strength and long-term financial sustainability. These policies include those related to loan pricing and repayment terms, capital management, income allocation, balance sheet management, as well as implementation of IDA’s relatively new hybrid financial model since it recently started issuing bonds in capital markets as a triple-A rated issuer. In addition, the team identifies income and balance sheet vulnerabilities; assesses the income and capital impact of any strategic decisions or new programs/initiatives; monitors the adequacy of income and capital to support lending and other development activities; and develops strategies for optimal use of capital as well as to address potential shortfalls in capital and income.

2. Strategic Initiatives: jointly with other relevant counterparts, undertakes strategic initiatives to advance corporate agenda with a primary focus on boosting IBRD and IDA’s financing capacity and developing solutions to address client needs. While the work program of this cluster is expected to be dynamic, it currently includes overseeing financial strategies and policies of IDA Replenishments, debt relief and arrears clearance, local currency financing, private capital mobilization/facilitation/enabling, IDA’s Private Sector Window (PSW), CRDCs (climate resilient debt clauses), hybrid capital, portfolio guarantee platform, and other highly strategic initiatives as the team may undertake time to time.

3. IDA Capital: engages with IDA members on capital matters (subscriptions, contributions, encashments, among others), and contributes to the recording, accounting, and reporting of these.

4. Data & Analytics: In support of above areas of responsibilities, the unit establishes and maintains robust data and analytical infrastructure in the form of advanced financial models, database, systems, and expertise to ensure robust support to above mentioned activities, in addition to providing critical data analytics for the benefit of WBG Senior Management. 

Roles and Responsibilities

The Financial Strategy and Policy Cluster (FSP) is composed of ~5 staff to deliver the ambitious work program as outlined above. While the fellow will contribute to the work program under FSP and led by the FSP cluster leads, s/he is also expected to cross-support other clusters as the work program demands. The fellow’s work program includes, but is not limited to:

• Contribute to the monitoring of IDA and/or IBRD’s income and capital outlook for strategic planning of the institutions’ financial capacity, including IDA replenishment.

• Independently develop and/or review advanced financial models required for a variety of different financial simulations and scenario analysis.

• Carry out a range of financial analysis required to assess IBRD and IDA’s capital and income adequacy to support lending and other development activities, including IDA replenishment planning, and develop proposals to safeguard the institutions’ financial strength while enabling effective utilization of its financial capacity in fulfilling its development mandate.

• Support ALM activities by analyzing balance sheet dynamics, identifying and quantifying interest and FX risks, proposing hedging framework and execution strategies, and monitoring of the former.

• Support management in responding to requests from Senior Management, the Board, and IDA donors.

• Contribute and provide analytical support to the ALM policy and risk management discussion for IBRD and IDA.

Selection Criteria

• Advanced degree in Finance, Business Administration, Economics, Math, or any other quantitative discipline. CFA, PRM, or FRM is a plus.

• At least five years of directly relevant experience in Finance. Direct experience with financial policies is desirable. Financial analysis/modelling experience is required.

• Deep understanding of Corporate Finance, balance sheet management / ALM theories and techniques, statistical concepts, financial instruments including bonds, swaps, and options. Knowledge and prior experience with the World Bank or MDB financial policies and products are desirable.

• Strong conceptual and critical thinking, problem-solving, and analytical skills.  

• Ability to develop succinct and to-the-point materials (e.g. through papers or powerpoint presentations) to communicate complex concepts and ideas in an easy-to-understand manner. Ability to quickly adapt materials to different audiences.

• Excellent PowerPoint, writing, and oral communication skills.  

• Strong interpersonal skills. Ability to work across boundaries to resolve differences and build consensus.

World Bank Group Core Competencies

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