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Private Sector Specialist

The World Bank

2 - 3 years Baghdad - Iraq

Any Nationality


, Posted on June 6, 2018 1 Opening

Job Description

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Background / General description:
THE WORLD BANK GROUP
GLOBAL PRACTICES & CROSS-CUTTING SOLUTIONS AREAS
Established in 1944, the WBG is one of the world's largest sources of funding and knowledge for development solutions. In fiscal year 2015, the WBG committed $60 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $19 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.
The WBG consists of five specialized institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID).
The global development community is at an auspicious turning point in history. Thanks to the success of the past few decades and favorable economic growth, developing countries now have an unprecedented opportunity to end extreme poverty within a generation. This is the vision of the WBG: to eradicate extreme poverty by reducing the number of people living on less than $1.90 a day to 3 percent by 2030, and promote shared prosperity by fostering the income growth of the bottom 40 percent in every country.
To achieve this vision, the WBG Board of Governors approved a strategy for the organization in 2013. This strategy leverages, for the first time, the combined strength of the WBG institutions and their unique ability to partner with the public and private sectors to deliver customized development solutions backed by finance, world class knowledge and convening services. The strategy has three components: (1) maximizing development impact by engaging country clients in identifying and tackling the most difficult development challenges; (2) promoting scaled-up partnerships that are strategically aligned with the goals; and (3) crowding in public and private resources, expertise and ideas.
The architecture underpinning the strategy and instrumental to its success is an operating model introduced in July 2014 based on fourteen Global Practices (GPs) five Cross-Cutting Solution Areas (CCSAs). Since July 1, 2015 these 14 GPs are organized under 3 Practice Group Vice Presidencies: Sustainable Development (SD); Economics, Finance and Institutions (EFI); and Human Development (HD).
THE ROLE OF THE GLOBAL PRACTICE FOR FINANCE, COMPETITIVENESS AND INNOVATION (FCI) IN THE WBG
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 new Global Practice will capitalize on the synergies between F&M and T&C in fostering private-sector led growth. It will work 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: (a) Financial Stability and Integrity; (b) Long Term Finance; (c) Financial Inclusion and Infrastructure; (d) Industry Solutions; (e) Firm Capabilities and Innovation; and (f) 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 World Bank Group is committed to achieving diversity in terms of race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 2 year term appointment.



Industry Type : General Trading / Export / Import
Functional Area : Fresh Graduates / Management Trainee / Intern / No Experience

Desired Candidate Profile

Duties and Accountabilities:
The FCI Private Sector Specialist will report to the FCI Manager for MENA East based in Washington, D.C. as well as the Iraq Resident Representative based in Baghdad. S/he will support the growing Iraq FCI program and contribute to the design and implementation of key activities, including analytical and advisory services and lending operations. The work program will mainly be focused on business climate reforms, SME development and access to finance, entrepreneurship, sectoral competitiveness, women s economic participation, and financial sector reform and development, but the candidate will be expected to work with a dynamic and changing portfolio.
Responsibilities will include:
- Contribute as a team member or task leader on the preparation and implementation of advisory and lending projects as assigned by the Practice Manager with responsibility for specific components and as in-country implementation support to clients on those projects during and between missions.
- Support monitoring of progress of implementation and quality of work on FCI s work program and deliverables and support coordination among FCI GP projects in Iraq.
- Work with the Resident Representative, Program Leader, and other members of the Iraq country management team (CMU) on client engagement and dialogue and organize and participate in meetings with clients, stakeholders, and donors, representing the FCI global practice in Iraq.
- Provide the Practice Manager, the FCI MENA team working on Iraq, and CMU with information on developments in the Iraqi economy and the World Bank s portfolio and on FCI s areas of engagement in particular when needed.
- Under the guidance of the practice Manager, support FCI business development in Iraq, including through engagement with the CMU, clients, and donors in Iraq.
- Support the organization of workshops, seminars, and other learning events, including support in the development of the content.
Selection Criteria:
This role requires a combination of technical and operational skills, in-depth expertise in relevant areas, and a high level of motivation. The following qualifications are sought:
A Master s degree in economics, public policy, international development, finance, social science, law, engineering, or other relevant discipline.
A minimum of 5 years of relevant experience in private or financial sector development, business management or management consulting, including either government facing or private sector facing work.
Demonstrated knowledge and specialized skills required in at least one area of private sector development (investment policies, business environment, industry-specific solutions, or firm competitiveness and innovation) and key policy, regulatory, and development issues in that space. Knowledge of areas of financial sector development (financial inclusion and access, long-term finance, financial stability and integrity, or risk management) highly desirable.
Has solid experience in working with economic and sectoral data and analytical tools to conduct economic or sectoral analysis and synthesize results as input into policy dialogue or a technical paper.
Ability to contribute to discussions on development challenges, reform agenda, and other policy discussions at a senior government level.
Demonstrated project management skills, and the ability to contribute significantly to the preparation, execution, and supervision of projects including contributing to project supervision missions, supervision and completion reports, contribution to monitoring and evaluation activities, and contribution to the production of technical notes and donor reports.
Experience working in Iraq and knowledge of the key counterparts in government, private sector, and donor community desired, with experience working at least on Mashreq countries required;
Demonstrated experience in undertaking independent and impactful work in a complex environment;
Able to interact with clients with discretion and diplomacy. Demonstrates ability to resolve complex client related issues. Displays understanding of relevant internal and external factors and their impact to the client.
Superior level of resourcefulness, ability to work with autonomy, manage multiple projects simultaneously, and work under pressure and tight deadlines;
Strong written and verbal communication and interpersonal skills, and an ability to communicate both verbally and in written form and liaise effectively with clients, counterparts, and colleagues.
Full proficiency in English speaking and writing. Fluency in Arabic language is required.
The World Bank Group is committed to achieving diversity in terms of gender, nationality, culture and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.

Keywords

Risk Management Loans Monitoring Operations Subject Matter Expert Analytical Management Consulting Financial Inclusion Project Management Social Science

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