Research Analyst

World Bank Group

Chennai, India

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group 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, 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. For more information, visit www.worldbank.org 

The Development Finance Vice-Presidency (DFi) is responsible for the management and monitoring of policies, procedures and resources for the World Bank’s development financing vehicles. DFi sets the policy framework for the World Bank Group’s development finance by engaging in strategic resource mobilization, playing an intermediation role to help align the needs of recipients, WBG institutional priorities, and priorities of funding partners, through a variety of funding instruments. These include the International Development Association (IDA), the World Bank’s fund for the poorest, the International Bank for Reconstruction and Development (IBRD), and Trust Funds, including Financial Intermediary Funds (FIFs).

Given the nature and variety of this portfolio, DFi works closely with the Regions and Global Practices, offices of the Managing Directors, Executive Directors, World Bank Group (WBG) senior management, corporate and operations units across the WBG, funding partners and government officials. The Forward Look exercise and Maximizing Finance for Development (the Cascade approach) present opportunities to further strengthen the Bank Group approach to development finance. As such, DFi is structured to provide the institution with a more holistic approach to financing, financial policy, and strategic fundraising across IDA, IBRD, and Bank/IFC trust funds and partnerships. 

Within DFI, Corporate IDA and IBRD (DFCII) is responsible for the replenishment and stewardship of IDA, the Bank’s principal facility for providing highly concessional resources to the world’s poorest countries, as well as for supporting senior managers and the WBG Board in IBRD’s financial management by recommending policies and strategies related to IBRD medium-term financial and capital planning, overall balance sheet management, and annual decisions on loan terms and income allocation. DFCII is the institutional focal point for the IDA replenishment process. The unit has recently shepherded the IDA20 replenishment process to a successful conclusion to support countries’ post pandemic economic recovery as well as investments for a greener, resilient and inclusive development. To help countries build back greener, IDA20 will prioritize tackling climate change, with a focus on helping countries to adapt to rising climate impacts and preserve biodiversity. IDA will deepen support to countries to better prepare for future crises, including pandemics, financial shocks, and natural hazards. Furthermore, IDA20 will support countries in prioritizing investments in human capital, covering issues such as education, health and nutrition, vaccines, safety nets, and support for people with disabilities. IDA will also address other major challenges such as gender inequality, job creation, as well as fragility, conflict, and violence, including in the Sahel, the Lake Chad region, and the Horn of Africa. A continued emphasis on governance and institutions, debt sustainability, and digital infrastructure interventions will help foster economic and social inclusion. 

DFCII monitors the implementation of the IDA policy mandates within the Bank, undertakes a significant policy research agenda, and participates in review activities at the country and institutional levels. In addition, DFCII manages the allocation of IDA resources (both volumes and terms) to eligible countries as per IDA priorities and maintains policy dialogue with donors. Working closely with other Departments notably OPCS, Regions, and Global Practices, it takes the lead in preparing IDA replenishment papers which form the basis for policy discussions with contributing countries and borrower representatives. 

DFCII consists of two units: the IBRD-IDA Corporate Finance and the IDA Strategy and Operations units. The IBRD-IDA Corporate Finance team is responsible for monitoring IBRD and IDA’s near-term and medium-term financial outlook and setting financial strategies and policies to ensure IBRD and IDA’s financial strength and long-term financial sustainability. It also manages the financial aspects of IDA replenishment in close collaboration with IDA Strategy and Operations Unit, including preparing financing strategy documents for the replenishment discussions and interfacing with donors on contributions.

The IDA Strategy and Operations unit is made up of a diverse, experienced, and motivated team of economists, finance, and development specialists, and is responsible for the operational aspects of IDA, including the (i) development of policies and implementation of the allocation of IDA resources; (ii) development and implementation of IDA’s operational policies; (iii) hosting the Sustainable Development Finance Policy Secretariat; and (iv) managing the Private Sector Window Secretariat. The unit is also in charge of developing and undertaking a research program on IDA’s long-term strategic agenda, including catalyzing IDA resources towards delivering on the WBG goals and the 2030 development agenda. In support of these areas of responsibility, the unit is required to establish and maintain a robust analytical infrastructure in the form of models, data, systems, and expertise. This will ensure adequate support to the IDA replenishment, income and balance sheet projections and scenarios to support institutional policy-formulation, and the Board’s decision-making process.  In addition, the department works on the outreach and communication necessary to gather political consensus around strategic and policy decisions.

Roles & Responsibility:

The Research Analyst is expected to assist in the IDA team’s data analytic function. The Analyst will report to the IDA Strategy and Operations Manager and provide substantive research and analytical contributions to the work of the IDA team. The Analyst will participate in the monitoring of IDA20 implementation, as well as heavy data analytic to help the team design potential new policies for future replenishments. Main accountabilities will include both the conduct of analytical work as well as the provision of operational support. Specific tasks include:  
 
Analytical work:

  • Conduct basic statistical and data analysis and prepare graphics for inclusion in reports.
  • Assist in improving data analytic including data collection, validation, and system development for rapid analysis.
  • Prepare and maintain documentation to facilitate the development of databases and analytics.
  • Attend meetings and provide follow up as necessary with key sources/ units providing input.
  • Draft policy briefs, analytical reports and working papers.

Support to operational work:

  • Write routine reports and briefs required in managing IDA windows and IDA operations.
  • Draft technical notes, in collaboration with more senior colleagues.
  • Alert management when portfolio/ program goes off track.

Selection Criteria

  • In addition to the Bank-wide criteria listed below, the successful candidate for this position should have demonstrated superior technical skills, a capacity to operate successfully across Global Practice (GPs), Vice Presidential Units (VPUs), with other WBG institutions and with other development partners, and first-rate interpersonal skills.  The incumbent must be able to interact effectively with senior management, senior officials of contributing governments, and with senior members of client countries and external partners.   

Source: https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=20775&site=1