World Bank, Washington, United States

Skill Required:, Finance and Accounts
Preferred Experience: 
5 years
Closing Date for Applications: 
31st October, 2019

Job Description



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, 


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:

  • Financial Stability and Integrity;
  • Long Term Finance;
  • Financial Inclusion and Infrastructure;
  • Industry Solutions;
  • Firm Capabilities and Innovation; and
  • Climate and Risk Management. FCI will work closely with the other newly formed Global Practice for Macroeconomics, Trade and Investment (MTI) on systematic country diagnostics, country strategies, policy lending and other private sector diagnostics, ASA and lending activities.

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:

  • Contribute to and lead the drafting of UFA related internal and external communications material
  • Contribute to and lead the analysis of UFA related data and measurement
  • Contribute to and lead the analysis of project level data for UFA
  • Provide inputs to the design of UFA and other financial inclusion initiatives
  • Preparation of specific country and regional diagnostic studies, including management of one or more projects and/or regional payment systems initiatives of the group.
  • Preparation of analytical documents describing the benefits that can be obtained through well designed payment systems.
  • In a team setting, support the management of country-level engagements as needed, including but not limited to policy dialogue with high-level stakeholders and project management.
  • Conduct targeted diagnostics on selected financial inclusion topics (including but not limited to: payment aspects of financial inclusion, digital financial services) to inform policy reforms as well as World Bank ASA and lending operations.
  • Presentation of findings, analysis, recommendations and information in verbal, written, and PowerPoint form, in diverse contexts (including for workshops, seminars, online, and for corporate briefings).
  • Participation in international working groups and taskforces on developing best practices / standards.
  • Contribute to and draft briefing to Senior Management and other relevant stakeholders.

Selection Criteria

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:

  • A Master’s degree in international development, Finance, or Economics or equivalent.
  • Minimum of 5 years of directly relevant experience. Proven technical expertise and leadership is needed for this post.
  • Experience with a range of Payment and Market Infrastructure policy and technical issues, as evidenced through reports and other outputs.
  • Policy, regulatory or supervisory experience, ideally with a financial sector regulator or ministry of finance would be a strong advantage.
  • Knowledge in the practical application of Fintech particularly in payment systems and market infrastructures, notably faster payments, Open APIs, QR code applications and tokenization.
  • Excellent analytical skills, strong communication skills. 
  • Specific experience in innovative payment mechanisms and their application to increase financial access/inclusion and the efficiency of payments is a plus.
  • A consistent track record of performance with a clear focus on results in a range of country contexts.
  • Proven ability to work in teams, as well as in delivering complex analytical and advisory tasks.
  • Strong commitment to knowledge-sharing.
  • Excellent oral and written English language communication skills.
  • Fluency in at least one other World Bank language is a plus.

Competencies required:

  • Financial Economic Policy – Identifies and assesses policy issues and communicates findings/points of view verbally and through economic reports and papers. Plays an active role in the dialogue with the government and/or other stakeholders as part of Bank teams.
  • Legal analysis – Identifies and assesses legal constraint and issues and communicates findings/points of view verbally and through reports and papers. Plays an active role in the dialogue with the government and/or other stakeholders as part of Bank teams.
  • Lead and Innovate – Develops innovative solutions. Contributes new insights to understand situations and develops solutions to resolve complex problems. Adapts as circumstances require and manages impact of own behavior on others in context of WBG’s values and mission. Identifies and pursues innovative approaches to resolve issues. 
  • Deliver Results for Clients – Proactively addresses clients stated and unstated needs. Adds value by constantly looking for a better way to get more impactful results; sets challenging stretch goals for oneself. Immerses oneself in client experiences and perspective by asking probing questions to understand unmet needs. Demonstrates accountability for achieving results that have a development impact and financial, environmental and social sustainability. Identifies and proposes solutions to mitigate and manage risks.
  • Collaborate within Teams and Across Boundaries –Collaborates across boundaries, gives own perspective and willingly receives diverse perspectives. Appropriately involves others in decision making and communicates with key stakeholders. Actively seeks and considers diverse ideas and approaches. Integrates WBG perspective into work.


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