Financial Sector Specialist, Beijing, China

Organization: The World Bank

Country: China

City: Beijing, China

Office: World Bank in Beijing, China

Closing date: Monday, 15 February 2021

Financial Sector Specialist

Job #: req10767

Organization: World Bank

Sector: Financial Sector

Grade: GF

Term Duration: 3 years 0 months

Recruitment Type: Local Recruitment

Location: Beijing,China

Required Language(s): English, Chinese

Preferred Language(s): Closing Date: 2/15/2021 (MM/DD/YYYY) at 11:59pm UTC

Description

Do you want to build a career that is truly worthwhile? 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 and promoting shared prosperity. 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. https://ww.worldbank.org. East Asia and the Pacific (EAP) Region The EAP Region is highly heterogeneous. Its 19 client countries include one of the smallest, Tuvalu with a population of 11,646 and the largest, China. It includes IDA and IBRD countries as well as countries who no longer borrow from us but still maintain positive relationships with the Bank through knowledge Hubs. EAP has made the fastest progress in economic growth and poverty reduction of any region in the last quarter-century. A succession of East Asian economies has progressed from low-income to middle-income, with others preparing to join the small group of high-income countries soon. At present, the region remains one of the main drivers of the world economy, accounting for nearly two-fifths of global economic growth! Despite this progress, the Asia and Pacific region still faces huge development challenges. Inequality within countries is growing, leaving some subnational regions and groups significantly behind. A large portion of the region’s population remains vulnerable to income shocks, including from a global economic slowdown, changing value-chains, and climate-related risks. East Asia was the first region to be hit by the COVID-19 pandemic which has provoked both an unprecedented health crisis and a severe economic shock. The economic shock has severely affected both supply and demand, with significant impacts on economic activity, livelihoods, and people’s welfare. Poverty in EAP is projected to rise for the first time in over 4 decades. COVID-19 also presents some opportunities to build back through recovery strategies that prioritize reforms, institutions as well as attention to climate and broader sustainability. https://www.worldbank.org/en/region/eap The Finance, Competitiveness and Innovation Global Practice (FCI) The FCI GP, which is part of the Equitable Growth, Finance and Institutions (EFI) Practice Group (PG), fosters private-sector led growth and help create markets in client countries. https://www.worldbank.org/en/about/unit/fci https://worldbankgroup.sharepoint.com/sites/gge/pages/home.aspx The EAP FCI team supports its client countries in the region through designing and implementing innovative lending operations! It also provides cutting-edge advisory services and high-quality analytical work designed to support policymakers in a range of issues related to financial sector development, strengthening private sector competitiveness, and supporting innovation. FCI’s Financial Sector program for China covers a variety of analytical and operational projects aimed at enhancing the stability, efficiency and developmental impact of the Chinese financial sector. The program cuts across several topics, including: safety and soundness of financial institutions, financial regulatory reforms, financial market development, green finance, digital finance/Fintech, SME finance and financial inclusion. Duties and Accountabilities

Provide substantive analytical inputs on financial sector issues across the above-mentioned technical areas. In addition, contributing to Discussion Notes, Technical Reports and other World Bank products related to policy dialog with senior Chinese financial sector authorities and monitoring of financial sector trends Evaluate financial sector policies, regulations, and market institutions with a view to formulating reform recommendations for the Chinese financial sector authorities Contribute to the preparation of lending operations, including the drafting of project documents and supporting FCI Task Team Leaders as appropriate through the project cycle Participate in dissemination of policy analysis and recommendations on financial sector related issues, including via workshops, conferences, and Roundtables. Provide cross-support to other Global Practices to design and implement financial sector components of their lending and non-lending activities. In addition, helping to identify new business opportunities for FCI’s financial sector work program in China, whether for lending operations, technical and advisory work, or the World Bank’s convening role Maintain close liaison with key government counterparts involved in financial sector issues and manage multi-stakeholder relationships with financial institutions, industry associations, the private sector and other market participants

Selection Criteria

A Master’s degree in international development, public policy, finance, economics or equivalent Minimum of 5 years of directly relevant or related experience, especially in development policy research and financial sector analysis; prior experience in banking, capital markets or in a multilateral development bank (MDB) would be a plus Good understanding of financial sector issues from a regulatory/policy/development perspective; proven experience across the following thematic areas would be an advantage: safety and soundness of financial institutions, financial regulatory reforms, financial market development, green finance, digital finance/Fintech, SME finance and financial inclusion Solid knowledge and experience of the Chinese financial sector especially with regard to the sectoral institutional frameworks, financial sector data structures across different market segments and recent trends in financial sector regulations and policy Excellent writing and oral skills in English and Chinese; fluency in both languages is required Experience in managing relationships with Chinese financial sector authorities Excellent workflow management and task organization skills; able to coordinate all aspects of the workflow of assigned responsibilities; ability to independently manage a range of assignments with minimal supervision, prioritize and coordinate with team members and resolve competing demands Strong interpersonal communication skills, with proven ability to develop and nurture relationships with clients and other stakeholders A good team player who can work as a member of a multi-disciplinary and multi-cultural team and network effectively across boundaries For information about WBG Core Competencies, please visit: https://bit.ly/2kbIA7O

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