Financial Sector Specialist at the World Bank Group

The World Bank Group - Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. In fiscal year 2018, the WBG committed $67 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $24 billion was concessional finance to its poorest members. It is governed by 188-member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.

We are recruiting to fill the position below:

Job Title: Financial Sector Specialist

Job ID: req26900
Location: Abuja
Grade: GF
Duration:  4 years 0 months
Sector: Private Sector Development

Scope of Work

• This recruitment is for a Financial Sector Specialist based in Abuja, Nigeria with a reporting line to the Regional FCI Practice Manager (EAWF2).
• The focus of the role is on buttressing financial stability and integrity within Nigeria’s financial systems with potential responsibilities in the broader financial sector work program and elsewhere in the West Africa unit sub-region.

Amongst other tasks, the selected candidate will be expected to:

• Monitor and identify potential sources of systemic risk in the Nigerian financial system, with a focus on the banking and securities market. This requires both qualitative and quantitative systemic risk monitoring, in particular quantitative analysis leveraging large, granular proprietary datasets and harnessing market intelligence. It also entails the tracking and analysis of banking regulations issued by CBN from time to time. These analyses feeds into policy discussions at the highest levels and is a core component of the World Bank’s semi-annual Nigeria Development Update.
• Undertake regular review of the financial safety net and crisis management frameworks in the country to identify changes that may be needed as the sources of risks evolve and in adapting best practices and standards that may be issued by international standard setting bodies, drawing on the expertise of FCI’s global teams, as necessary.
• Provide technical support in rectifying existing Anti-Money Laundering/Terrorist Financing (AML/CFT) deficiencies in the country.
• Support quality implementation of ongoing FCI lending operations, analytical and advisory services work.
• Work closely with FCI’s focal point for financial sector development, program leaders/country economists and the country management unit (CMU) to ensure the integration of relevant financial stability and integrity issues in country strategies such as Systemic Country Diagnostic, Country Partnership Framework, Country Private Sector Diagnostic.
• Produce technical notes, briefings, presentations, etc. as requested by management.

Selection Criteria

• Master's Degree in the areas of Finance, Business, Management, Economics, or related discipline. Central Bank experience is an added advantage.
• At least 5 years of relevant professional experience with a focus on macroprudential policies, financial stability, systemic risk assessment and financial regulation and supervision.
• Knowledge and experience of policy and regulatory reforms related to financial sector development in emerging markets.
• Strong understanding of stakeholders in the financial sector landscape in Nigeria across policymakers, regulators, market participants, and users.
• Strong skills in conducting policy analysis, identifying policy reforms, and implementing policy actions across financial stability and integrity.
• Solution-oriented approach focusing on problem-solving and achieving results.
• Ability to operate effectively in a matrix management environment, both as a team leader and team member.
• Ability to deal sensitively in multi-cultural environments and build effective working
• Relations with clients and colleagues.
• Effective verbal and written communication skills

Application Closing Date
15th April, 2024.

How to Apply
Interested and qualified candidates should:
Click here to apply online