Senior Financial Sector Specialist

Senior Financial Sector Specialist Senior Financial Sector Specialist

Job # : req33480

Organization : World Bank

Sector : Financial Sector

Grade : Term Duration :

3 years 0 months

Recruitment Type : Local Recruitment

Location : Vienna,Austria

Required Language(s) :

English

Preferred Language(s) :

Russian

Closing Date :

6 / 30 / 2025 (MM / DD / YYYY) at 11 : 59pm UTC

Description

The World Bank Group (WBG) 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, increasing shared prosperity, and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, WBG works 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.

As unprecedented shocks and uncertainty have hit the Europe and Central Asia region (ECA) in recent years, the WBG is focusing on a strategy to deliver on its objectives through boosting human capital, facilitating green transitions, enabling markets, and building and strengthening institution. In this context, the Finance,petitiveness, and Investment Global Practice (FCI), part of the WBG Prosperity Vertical, plays a key role in achieving this strategy. By providing financial stability, efficiency, and firm-level solutions in an integrated way, FCI supports client countries develop the essential enabling environment to crowd in the private sector, support the creation of markets, and accelerate equitable growth.

Organized within the ECA FCI units, the World Bank Financial Sector Advisory Center (FinSAC) is a dedicated technical unit funded by the Austrian Federal Ministry of Finance. Established in 2011 as a follow-up to the Vienna Initiative to assist ECA countries in dealing with legacy issues of the Global Financial Crisis, it delivers tailored reform advice and implementation assistance on financial stability topics. Bilateral technical assistance projects and knowledge sharing events provide the main avenues for the flow of FinSAC support to client countries, in alignment towards European standards and international best practices. Details of FinSAC operations and client countries could be found at its website at / /

FinSAC works with client countries in Europe and Central Asia in support of their efforts to enhance and improve financial stability. Targeted client-specific technical assistance is the cornerstone of FinSAC's activities, which is primarily aimed at the alignment of national frameworks with international best practices, and as relevant, with the European Union regulatory framework. This is supported by FinSAC's other workstreams organizing technical workshops, conferences, and seminars, and undertaking relevant regional research projects with corresponding outreach activities. The main beneficiaries of FinSAC assistance are central banks, banking regulators, deposit insurance agencies, ministries of finance, and other state authorities that have a role in preserving financial stability in their respective jurisdictions.

FinSAC activities are organized within three pillars of financial stability :

• 1) Financial Stability, Macroprudential, Frameworks and Crisis Preparedness;

2) Microprudential Oversight and Non-Performing Loan Resolution; and

3) Bank Recovery and Resolution.

Climate related financial risks is cross-cutting theme where FinSAC supports the client countries across all engagement pillars.

Roles and responsibilities :

The successful candidate is expected to contribute to FinSAC's work program through the provision of tailored technical assistance to FinSAC client countries, as well as a preparation and organization of knowledge products and events.

Thematically, the focus of the position will be on the Pillar 1 of FinSAC's activities on Financial Stability, Macroprudential framework and Crisis preparedness, with special focus to (a) Deposit Insurance, (b) Crisis Preparedness, and (c) Interagency Coordination among financial safety net participants. Knowledge and experience in the fields of micro prudential supervision, macroprudential tools, bank recovery and resolution and broader financial stability topics is a plus.

More specifically, the successful candidate is expected to :

Note : This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants / temporaries).

External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.

Selection Criteria

WBG Culture Attributes :

1. Sense of Urgency - Anticipating and quickly reacting to the needs of internal and external stakeholders.

2. Thoughtful Risk Taking - Taking informed and thoughtful risks and making courageous decisions to push boundaries for greater impact.

3. Empowerment and Accountability - Engaging with others in an empowered and accountable manner for impactful results.

World Bank Group Corepetencies

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

We are proud to be an equal opportunity and inclusive employer with a dedicated andmitted 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. Job ID req33480