Thinking of a Career in Emergency Management?
- BY Nicole Pelette
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.
The Development Finance Vice-Presidency (DFi) is responsible for the management and monitoring of policies, procedures and resources for the World Bank’s development financing vehicles. DFi sets the policy framework for the World Bank Group’s development finance by engaging in strategic resource mobilization, playing an intermediation role to help align the needs of recipients, WBG institutional priorities, and priorities of funding partners, through a variety of funding instruments. These include the International Development Association (IDA), the World Bank’s fund for the poorest, the International Bank for Reconstruction and Development (IBRD), and Trust Funds, including Financial Intermediary Funds (FIFs).
Given the nature and variety of this portfolio, DFi works closely with the Managing Director, Operations Office, Executive Directors, WBG senior management, corporate and operations units across the WBG, funding partners and government officials. The Forward Look exercise and Maximizing Finance for Development (the Cascade approach) present opportunities to further strengthen the Bank Group approach to development finance. As such, DFi is structured to provide the institution with a more holistic approach to financing, financial policy, and strategic fundraising across IDA, IBRD, and Bank/IFC trust funds and partnerships.
Within DFI, Corporate IDA and IBRD (DFCII) is responsible for the replenishment and stewardship of IDA, the Bank’s principal facility for providing highly concessional resources to the world’s poorest countries, as well as for supporting senior managers and the WBG Board in IBRD’s financial management by recommending policies and strategies related to IBRD medium-term financial and capital planning, overall balance sheet management, and annual decisions on loan terms and income allocation. DFCII is the institutional focal point for the IDA replenishment process and most recently shepherded the IDA19 replenishment process to a successful conclusion as the highest replenishment ever at $82 billion. Set against increased debt risks in IDA countries, DA19 strengthened the IDA toolkit to address debt vulnerabilities through the endorsement of the Sustainable Debt Financing Policy (SDFP). DFCII monitors the implementation of the IDA policy mandates within the Bank, undertakes a significant policy research agenda, and participates in review activities at the country and institutional levels. In addition, DFCII manages the allocation of IDA resources (both volumes and terms) to eligible countries as per IDA priorities and maintains policy dialogue with donors. Working closely with OPCS, Regions, and Global Practices, it takes the lead in preparing IDA replenishment papers which form the basis for policy discussions with IDA’s contributing countries.
DFCII consists of two units, the IBRD-IDA Corporate Finance unit and the IDA Strategy and Operations unit. DFCII is looking for a Research Analyst to join the IDA Strategy and Operations unit, which is responsible for the operational aspects of IDA, including development of policies for the allocation of IDA resources, implementation of IDA’s operational policies, the allocation of IDA resources, the Sustainable Finance Debt Policy Secretariat and the Private Sector Window Secretariat. The unit is also in charge of developing and undertaking a research program on IDA’s long-term strategic agenda, including to catalyze IDA resources towards delivering on the WBG goals and the 2030 development agenda. The Strategy and Operations Unit is made up of a diverse, experienced, and motivated team of economists, finance and development specialists.
Roles & Responsibility:
The Research Analyst is expected to assist in the IDA team’s data analytic function. The Analyst will report to the IDA Strategy and Operations Manager and provide substantive research and analytical contributions to the work of the IDA team. The Analyst will participate in the monitoring of IDA19 implementation, as well as heavy data analytic to help the team design potential new policies for future replenishments. Main accountabilities will include both the conduct of analytical work as well as the provision of operational support. Specific tasks include:
Support to operational work:
In addition to the Bank-wide criteria listed below, the successful candidate for this position should have demonstrated superior technical skills, a capacity to operate successfully across GPs, VPUs, with other WBG institutions and with other development partners, and first-rate interpersonal skills. The incumbent must be able to interact effectively with senior management, senior officials of contributing governments, and with senior members of client countries and external partners.
Other selection criteria include:
Country and Operations Services Competencies:
Internal and External Stakeholder Engagement
Bank Instruments, Policies, and Procedures, and Ability to Proactively Apply Them
Operational Knowledge Sharing
WB Operations Competencies
Policy Dialogue Skills
Knowledge and Experience In Development Arena
Communication & Influencing Skills
Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.