🇳🇬 Job Vacancies @ World Bank Group – 2 Positions

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 following positions below:

1.) Financial Sector Specialist
2.) Private Sector Specialist

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

Job Title: Private Sector Specialist

Job ID: req26901
Location: Abuja
Grade: GF
Duration: 4 years 0 months
Sector: Private Sector Development

Scope Work

• This recruitment is for a Private Sector Specialist based in Abuja, Nigeria with a reporting line to the Regional FCI Practice Manager (EAWF2).

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

• Support the FCI dialogue in country with a focus on private sector development: Support the policy dialogue with counterparts on issues relating to private sector development, particularly focusing on creating opportunities for investments supporting economic transformation and employment.
• Serve, when needed, as team member or co-TTL/TTL (Task Team Leader) for lending operations, advisory, and analytical work, and contribute to the delivery and quality of financing and knowledge engagements for Nigeria, provide inputs to other Global Practices on private sector related issues.
• Analytical & Advisory work: Support the development and implementation of high-quality analytical and advisory work. Lead/support policy dissemination events with policy makers, stakeholders, and private sector.
• Support the dialogue with the country management unit (CMU) and with the region: Work closely with FCI’s focal point for private sector development, program leaders/country economists and the CMU to prepare inputs for briefings and strategic documents such as CPFs, SCDs and CPSDs.
• Work collaboratively with global teams, the International Finance Corporation (IFC) and other GPs to develop a comprehensive private sector development agenda to support private investment in Nigeria at the Federal and at the State level.
• Produce technical notes, briefings, presentations, etc. on private sector development, competitiveness/entrepreneurship, and innovation; Investment climate reforms as requested by management.
• Relationship management: cultivate strategic relationships with government counterparts and other key stakeholders.
• Development Partner Collaboration: Support the partnership with the development partner community and facilitate/participate in formal and informal meetings with key development partners, civil society, private sector representatives, and other stakeholders.

Selection Criteria

• Master's Degree or PhD in Economics, Business, International Relations, Finance, or similar.
• At least 5 years of relevant professional experience since completing university degree (i.e., Master’s).
• Strong experience in private sector development, particularly focused on productivity, growth, investment climate reforms, innovation and entrepreneurship, small and medium enterprise development, trade and competition policies, for private investment, domestic and foreign, export promotion, and value chain development.
• Experience and understanding of Nigeria’s private sector issues.
• Knowledge and experience of policy and regulatory reforms related to private sector development in emerging markets.
• Strong understanding of stakeholders in the private sector landscape in Nigeria across policymakers, regulators, market participants.
• Strong skills in conducting policy analysis, identifying policy reforms, and implementing policy actions on private sector development.
• 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

Language:

• Required Language: English

Application Closing Date
16th April, 2024.

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