World Bank Group Senior Financial Sector Specialist Job Vacancy in Abuja, Nigeria

We are recruiting to fill the position below:

Job Title: Senior Financial Sector Specialist

Job #: 171449
Location: Abuja, Nigeria
Job Family: Finance & Markets Department – Global Practice
Job Type: Professional & Technical
Grade: GG
Recruitment Type: Local Hire
Language Requirement: English [Essential]

Background / General Description

• The
  Finance & Markets Global Practice aims to help countries build deep,
  diversified, inclusive, efficient and stable financial systems, which are
  essential to promoting economic growth and reducing poverty and increasing
  shared prosperity. The practice is committed to delivering public and
  private sector tailored solutions to development challenges by leveraging
  the whole range of the Bank Group’s financial, knowledge/advisory and
  convening services for clients. In doing so, the practice not only
  partners with the broader World Bank finance team (IFC, WB, MIGA and
  WB/IFC Treasuries) but also acts as an enabler for all of the other GPs
  and Cross-Cutting Groups.
• As
  a joint World Bank-IFC practice, the Finance & Markets Practice brings
  together the World Bank’s knowledge, finance (loans, credits, guarantees,
  risk management products), and convening services, and IFC advisory in
  private-sector firms into a single suite of development solutions for our
  clients and the global community to support reaching the twin goals of
  eliminating extreme poverty and promoting shared prosperity.
• Led
  by a Senior Director and two Directors, the practice has a cadre of 15
  Practice Managers who oversee its regional teams and global solutions groups,
  and CGAP, which has a dedicated Director. Thematically, the practice is
  organized into three Global Solutions Teams. The first group’s activities
  are aimed at strengthening the foundations of stable financial systems and
  markets by supporting global financial sector oversight frameworks and
  policies; strengthening banking regulation and restructuring regimes;
  improving financial sector integrity efforts and deepening capital
  markets, insurance, pensions and investment funds; the second Improving financial
  infrastructure and access through its work on credit infrastructures;
  payment and market infrastructures; responsible financial access: and SME
  finance, and the third on partnering with other practices on frontier
  development finance initiatives such as climate change finance, disaster
  risk finance and insurance, infrastructure finance, agriculture finance
  and housing finance.
• Sub-Saharan
  Africa, with a population of over 700 million people in 47 countries, is
  home to 34 of the world’s poorest countries.  Making headway against
  poverty in sub-Saharan Africa continues to present the world’s most
  formidable developmental challenge.
• The
  Africa Region’s Finance and Markets Global Practice is responsible for
  providing operational support and technical advice to AFR clients on a
  broad range of financial sector issues. The Unit has over 30 staff
  covering a span of 47 countries and 12 country directorates.
• The
  Senior Financial Sector Specialists in the department have region-wide
  responsibility for providing technical advice and operational support to
  sub-Saharan country departments and their client countries. In carrying
  out its mandate, the unit collaborates closely with regional staff working
  in other Global Practices and with other parts of the Bank Group, including
  the IMF, IFC, MIGA and WBI. In line with the Africa region’s objective to
  facilitate the implementation of the Paris Declaration, the unit has an
  established track record in working in partnership with other development
  partners including Germany, DFID, AFD, AfDB, SECO, SIDA and others.
• The
  Nigeria Country Partnership Strategy is structured around three strategic
  clusters: (a) promoting diversified growth and job creation by reforming
  the power sector, enhancing agricultural productivity, and increasing
  access to finance; (b) improving the quality and efficiency of social
  service delivery at the state level to promote social inclusion; and (c)
  strengthening governance and public sector management, with gender equity
  and conflict sensitivity as essential elements of governance.
• The
  World Bank Group support to structural reform agendas for diversified
  growth and jobs focuses specifically on: (a) increasing installed power
  generation and transmission capacity and improving the efficiency and
  governance of electricity delivery; (b) boosting agricultural
  productivity, improving farmers’ linkages with agro-processors, and
  scaling up resilience to current and future climate variability; and
  (c)  increasing the supply of long-term financing for the housing sector,
  expanding financing opportunities for SMEs, and strengthening the ability
  of Development Finance Institutions to mobilize private finance for key
  sectors of the economy. 
• Finance
  and Markets (F&M) Global Practice plays a key role in delivering the Country
  Partnership Strategy, by supervising the operations under the F&M
  Global Practice and more importantly working across Global Practices to
  achieve the twin goals of the World Bank Group of ending poverty and
  boosting shared prosperity.

• The
  position will provide operational and analytical support to Finance and
  Markets Global Practice (F&M GP) team working on Nigeria.

• Financial
  Stability and Integrity: Support teams working on financial sector
  regulation and oversight
• Financial
  Infrastructure and Access: Support teams working on strengthening credit
  infrastructure such as movable collateral registry and credit reporting,
  responsible financial inclusion, access to finance for small and medium
  enterprise finance, financial literacy;
• Financing
  for Development: Support teams focusing on initiatives such as housing
  finance, agricultural finance, insurance, pensions, private equity, and
  capital markets.
• The
  candidate will provide implementation support to F&M GP’s two flagship
  projects in Nigeria: i) Housing Finance Project which aims to increase
  access to housing finance by deepening the primary and secondary mortgage
  markets in Nigeria; and ii) Development Finance Project which aims to
  increase the availability and access to finance for micro, small, and
  medium enterprises through eligible financial intermediaries with the
  support of a new wholesale development finance institution.
• The
  candidate will also participate to Advisory Services and Analytics (ASA)
  in coordination with other GPs, notably Trade and Competitiveness and
  Macroeconomics and Fiscal Management. The Nigeria F&M team also
  manages advisory projects focusing on strengthen payment system
  development, financial consumer protection and regulation of microfinance
  banks, collateral registry and remains engaged analysis of ongoing
  financial sector developments (e.g. banking sector).

• Project
  management (project preparation and project supervision): For tasks where
  project management responsibility is assigned in whole or part to F&M:
  carry out necessary project preparation and supervision activities, this
  includes technical inputs on to F&M issues, as well as close attention
  to financial management, procurement and safeguards (social and
  environmental).
• Advisory
  Services and Analytics: Contribute to advisory and analytical work
  undertaken by F&M, such as sectorial assessments (e.g. banking,
  microfinance, capital markets), impact assessments, surveys, stakeholder
  analysis and other technical analyses, as required.
• General
  technical support to the World Bank Abuja office: Provide technical
  F&M inputs to the country level strategic policy dialogue (including
  Systematic Country Diagnostic and Country Partnership Framework),
  cross-support to relevant components in operations managed by other GPs (investment
  operations or development policy grants) and in multi-sectoral advisory
  and analytical work (e.g. World Bank support to the North East).
• Dialogue
  Coordination. Maintain close liaison with key Government counterparts
  involved in financial sector issues.
• Donor
  Coordination: Maintain close liaison with the development partners such as
  African Development Bank, United Kingdom Department for International
  Development (DFID), USAID, United Nations, French Development Agency
  (AFD), and consult with them for seeking inputs on Finance and Markets
  Issues.

• Master’s
  Degree in relevant field (e.g. Economics, Finance, Business, Public Policy
  or related relevant discipline)
• At
  least 8 years of relevant professional experience since completing
  university degree (i.e. bachelors).
• Financial
  sector experience, either in the private sector or from a
  regulatory/policy/development perspective.
• Solid
  understanding of financial sector issues and more in depth knowledge in
  one of the thematic areas of F&M GP (i.e. financial stability and
  integrity, infrastructure and access, and financial for development)
• Operational
  knowledge of project cycle, from preparation to completion;
• Proven
  ability in conceptualizing and developing high quality technical and
  analytical work related to financial sector topics.
• Ability
  to work well with clients, strong interpersonal and team skills;
• Excellent
  technical writing and presentation skills (in developing power point based
  reports and presentations) and public speaking;
• Knowledge
  of Nigerian financial 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 – Plays a strong role in teams in ensuring
  the team stays organized and focused, and actively seeks and considers
  diverse ideas and approaches.
• Knowledge,
  Learning and Communication – Is active 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.

• 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 3 year term appointment.
• 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 in the strictest