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Infrastructure Finance Specialist (WBG Young Professionals Program)

Washington D.C.

  • Organization: World Bank Group
  • Location: Washington D.C.
  • Grade: Mid level - GF - Professional and Technical - Internationally recruited position
  • Occupational Groups:
    • Operations and Administrations
    • Development Cooperation and Sustainable Development Goals
    • Banking and Finance
    • Infrastructure and Urban-Rural development
    • Project and Programme Management
  • Closing Date: Closed

Do you want to join a diverse group of professionals who help change the world?

The World Bank Group (WBG) is a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. 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.

Our Young Professionals Program (WBG YPP) is an exciting way to start a career with the World Bank Group. For close to 60 years, the program has recruited some of the brightest young minds to contribute to our top priorities, from poverty eradication, social development and climate change to the current response to the COVID-19 crisis. 

Infrastructure Finance Specialists with YPP qualifications below are encouraged to apply from June 15 - July 15 at www.worldbank.org/ypp

We are looking for individuals who are younger than 32 years of age, who demonstrate a passion for international development, graduate level education, relevant professional experience and the potential to grow into leadership roles across the World Bank Group. 

 

Description

The Infrastructure Practice Group 

Globally, 840 million people live more than 2 kilometers from all-weather roads, 1 billion people lack electricity, and 4 billion people lack Internet access. Access to basic infrastructure services is critical for creating economic opportunities for the poor. The Infrastructure Practice Group is charged with developing sustainable solutions to help close infrastructure gaps in developing and emerging economies. The World Bank Group helps developing countries build smart infrastructure that supports inclusive and sustainable growth, expands markets, creates job opportunities, promotes competition, and contributes to a cleaner future. We help countries address their unique infrastructure needs by working with the public and private sectors. Infrastructure improves lives by connecting people to opportunity. For more information: https://www.worldbank.org/en/topic/infrastructure

The Infrastructure Practice Group is charged with developing sustainable solutions to help close infrastructure gaps in developing and emerging economies. It comprises Energy and Extractives (EEX), Transport, Digital Development, and Infrastructure Finance, Public Private Partnerships and Guarantees (IPG). 

 

Infrastructure Finance, PPPs & Guarantees Global Practice 

The Infrastructure, PPPs and Guarantees Group (IPG) brings together the World Bank’s cross-sector infrastructure finance, PPP structuring, and analytics skills, as well as the Trust Funds and Financial Intermediaries that support those areas of development across the WBG. IPG helps WBG teams and client countries improve the quality and affordability of service delivery through sound infrastructure policies and investment programs; strong enabling environments; and bankable projects. We build our support around knowledge, tools, and experience that support informed choices on the role and value of the private sector in financing and delivering infrastructure, while deploying financial structures and instruments that sustainably manage, mitigate and reduce risk.  
IPG provides, in collaboration with the World Bank Global Practices, IFC and MIGA, across the infrastructure investment cycle:
• Upstream support through advice on strategic prioritization and planning for infrastructure investment programs, support for policy and regulatory strengthening, and institutional capacity building;  
• Midstream support through project identification, preparation and structuring, including analysis of the most appropriate contracting and financing models; and
• Downstream support by structuring and implementing alternative options to public finance and by deploying financial instruments of the World Bank, including World Bank Guarantees, while ensuring financial and technical sustainability of appropriate financial solutions. IPG consists of two units: Infrastructure Finance and Guarantees (IFG), and PPP Group (PPP).  It also houses donor-funded Global Programs and provides corporate leadership of the WBG’s efforts to Maximize Financing for Development (MFD).

 

YPP Selection Criteria

  • Born on or after October 1, 1990
  • Relevant Master’s by September 2022 OR PhD by September 2023
  • 3+ years of relevant experience OR continued study at the doctoral level
  • Fluency in English

 

Desired Qualifications:

  •  Relevant experience in infrastructure project development, project finance, regulation or PPPs with demonstrated ability to engage on a range of issues in developing countries including advice on both program and project development.  
  • Infrastructure project preparation, structuring, project management or operation experience within one of the major MDBs or consulting firms is desirable.  

 

Required Competences 

  • Infrastructure project preparation and finance transaction – Solid knowledge/experience of project preparation and financing transactions, identifies project risks and can propose appropriate mitigants, understands most options for preparing and financing infrastructure projects, determines and advises clients on optimal approaches and navigates to closure. 
  • PPP Policy Dialogue Skills – Anticipates needs and requests in the field and conducts independent discussions with representatives of the government and other partners. 
  • Infrastructure Public-Private Partnerships – Solid knowledge of a wide range of Public-Private Partnerships alternatives; can propose solutions to most infrastructure sector financing business model needs. 
  • Proficiency in French or Spanish is a plus

 

World Bank Group Core Competencies 

  • Knowledge and Experience in Development Arena - Translates technical and cross-country knowledge into practical applications and contributions to country and sector strategies; interacts with clients at the policy level.
  • Policy Dialogue Skills - Anticipates needs and requests in the field and conducts independent policy discussions with representatives of the government and non-government partners.
  • Integrative Skills - Understands relevant cross-sectoral areas how they are interrelated; able to undertake cross-sectoral work in lending and non-lending operations.
  • Project Design for Impact and Sustainability - Contributes to the design of projects and programs based on an understanding of the country and sector context.
  • Sector Dialogue - Able to conduct a dialogue with the client including on complex issues, based on a solid understanding of the sector.
  • Client Orientation - Maintains client relationships in the face of conflicting demands or directions, and provides evidence-based advice and solutions based on sound diagnosis and knowledge.
  • Drive for Results - Identifies the needed resources to accomplish results involving multiple stakeholders and finds solutions to obstacles affecting key deliverables.
  • Teamwork (Collaboration) and Inclusion - Shows leadership in ensuring the team stays organized and focused, and actively seeks and considers diverse ideas and approaches.
  • Knowledge, Learning, and Communication - Leads in the sharing of best practice, trends, knowledge and lessons learned across units and with clients and partners, articulating ideas verbally and in writing in a clear and compelling way across audiences of varied levels.
  • Business Judgment and Analytical Decision Making - Gathers inputs, assesses risk, considers impact and articulates benefits of decisions for internal and external stakeholders over the long term.

 

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, IFC and MIGA including our values and inspiring stories.

This vacancy is now closed.
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