Senior Financial Sector Specialist

Senior Financial Sector Specialist

Description

At the World Bank, a member of the World Bank Group (WBG), you’ll join a diverse, global community working across cultures, disciplines, and borders to address the world’s most pressing development challenges. With 1.2 billion young people reaching working age in the decade ahead, the challenge of job creation has never been greater. Through partnerships across 145 countries and more than 182 offices worldwide, we work with governments, private sector, development partners and other stakeholders to invest in people, strengthen markets, and deliver scalable, data-driven solutions that generate more and better jobs and improve lives. For more information, visit https://www.worldbank.org/en/who-we-are/ibrd

The Financial Services Sector (FSS) Global Department aims to support client countries to create 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. The Financial Services Sector Department supports emerging markets and developing economies in developing deep, inclusive, efficient, and resilient financial systems. As a key sector under the WBG Knowledge Bank, FSS leverages its financial sector knowledge and global-regional insights to enhance the enabling environment and deliver practical solutions for our clients to meet their biggest development challenges.

The Financial System Resilience and Integrity (WKPFR) team strengthens banking sector stability in client countries. It delivers Financial Sector Assessment Programs (FSAPs), technical assistance on financial stability and integrity, and e.g. crisis simulation exercises. The unit promotes compliance with international standards on banking supervision, deposit insurance, and bank resolution. It coordinates WBG engagement with the FSB, BCBS, and IADI, advocating for EMDE perspectives. For more information, visit Financial Integrity & Stability.

Duties and Accountabilities:

 • Lead assessments of banking supervision, banking regulation, bank resolution, deposit insurance and emergency liquidity assistance (ELA) frameworks against international best practices (BCBS Core Principles, FSB Key Attributes, IADI Core Principles).
• Deliver FSAPs and technical assistance programs on banking regulation, banking supervision, crisis preparedness, and financial safety nets in EMDEs.
• Design and facilitate financial sector crisis simulation exercises with central banks, resolution authorities, and finance ministries.
• Assess financial stability risks from crypto-assets, stablecoins, and digital finance; advise client countries on proportionate regulatory approaches.
• Analyze cyber and AI-related risks to financial stability; integrate findings into FSAPs and technical assistance programs.
• Engage with the FSB, IADI, and BCBS; represent WBG positions and promote EMDE perspectives in global standard-setting.
• Produce knowledge products — technical notes, policy briefs, and analytical reports — on financial stability, banking supervision and emerging financial stability risks.

Selection Criteria

• Master’s degree or higher in Economics, Finance, Law, or a closely related field.
• Minimum eight (8) years of relevant experience in financial stability, banking regulation, supervision, or resolution.
• Demonstrated experience in banking supervision and/or regulation.
• Demonstrated expertise in crisis management frameworks: bank resolution, deposit insurance, or lender-of-last-resort arrangements.
• Proven knowledge of fintech risks to financial stability, including crypto-assets, stablecoins, cyber threats, or AI-related risks, as well as policy responses.
• Experience conducting or contributing to FSAPs, international standard-setting processes, or multilateral technical assistance programs.
• Strong analytical and communication skills; track record of advising senior government officials and policymakers.
• Ability to translate global standards into actionable, proportionate recommendations for Emerging Market and Developing Economies.

As the World Bank Group continues to evolve, we value candidates who:

• Demonstrate the ability to collaborate effectively across teams, disciplines, cultures, and institutional boundaries.
• Responsibly leverage digital and AI-enabled tools to enhance productivity, learning, and decision-making.
• Bring experience working in fragile, conflict-affected, and violent (FCV) contexts and are encouraged to highlight relevant experience in their application materials, where applicable.

WBG Culture Attributes:

1. Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
2. Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
3. Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC including our values and inspiring stories.