Thinking of a Career in Emergency Management?
- BY Nicole Pelette
THE WORLD BANK GROUP
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. For more information,
THE ROLE OF THE GLOBAL PRACTICE FOR FINANCE, COMPETITIVENESS AND INNOVATION (FCI) IN THE WBG
As of January 1, 2018, EFI created the Finance, Competitiveness and Innovation (FCI) Global Practice, bringing together Finance and Markets (F&M) and Trade and Competitiveness’ (T&C’s) private sector development specialists. Finance, Competitiveness and Innovation is comprised of about 700 staff working across more than 120 countries. The FCI Global Practice capitalizes on the synergies between F&M and T&C in fostering private-sector led growth. 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 CMUs and in proximity to clients. FCI professionals also lead or participate in a wide variety of ASA and client advisory work that add to the core expertise delivered to client countries. Knowledge and learning is a central part of the FCI agenda, with work focused on the following thematic areas:
The Financial Inclusion, Infrastructure and Access unit in the FCI Global Practice sits within the Financial Inclusion, Infrastructure and Access Global Practice (FCI EFNFI) that works on a range of areas including, payments and market infrastructures, insolvency secured transactions, credit reporting, digital finance, financial inclusion, and financial consumer protection.
The Payment and Market Infrastructures Global Solutions Group, better known as Payment Systems Development Group (PSDG), is part of the Global Solutions Team (GST) 2 “Financial Inclusion, Infrastructure and Access.” The work of the PSDG encompasses legal and regulatory frameworks, large value payment systems, securities and derivatives settlement systems, central securities depositories, central counterparties, infrastructure for supporting money markets, retail payment systems, Government Payments, International Remittances, Oversight and collaboration frameworks for national payments system. The team provides technical assistance in these areas, supports WBG investment operations in these areas, participates in assessments against relevant standards as part of FSAP or other exercises, participates in international working groups and fora and participates in developing and review standards in these areas. The team is leading and/or contributing actively to the WBG commitment of Universal Financial Access by 2020 (UFA 2020) and the 5by5 and “SMART” commitments related to reducing the price of international remittances. The PSDG also leads and convenes global initiatives in the areas of payment and market infrastructures and actively contributes to the knowledge management activities in this space through production of best practices and guidelines; gathering information and statistics on payment system developments on a global basis; and, dissemination of best practices global and regional events. The PSDG collaborates with other Finance and Markets Global Solutions Groups and also other WBG Global Practices.
The ET Consultant would be a core member of the PSDG Team and will contribute to the implementation of the Universal Financial Access by 2020 (UFA 2020) initiative, including the workstream on lessons from UFA, data analysis and measurement for UFA, developing internal and external communication material for UFA, Payment Aspects of Financial Inclusion (PAFI), Electronic Payments Acceptance (EPA), and innovations in retail payments, with a focus on digital finance and financial innovation.
Roles & Responsibilities:
Responsibilities would include – among others – leading or/and contributing to the following, as TTL, co-TTL, project member, advisor, or reviewer:
This role requires a combination of technical and operational skills, in-depth expertise in the area of payment and market infrastructures and Fintech, and a high level of motivation.
The following qualifications are sought: