Senior Financial Sector Specialist

World Bank Group

Bangkok, Thailand

Experience: 5 to 10 Years

Skill Required: Accounts and Finance

The World Bank Group’s Finance, Competitiveness, and Innovation Global Practice (FCI) combines expertise in the financial sector with expertise in private sector development to foster private sector led growth and help build markets in client countries. FCI is an integrated World Bank and IFC Global Practice promoting inclusive and sustainable growth in a transforming world through finance and private sector solutions. FCI delivers tailored development solutions to countries and the global community at large, working with public and private sector clients. FCI structures and implements comprehensive financial sector and private sector solutions that bring together World Bank knowledge, financial products (loans, credits, guarantees, and risk-management products), convening services, and IFC advisory services. FCI comprises more than 700 staff working across more than 120 countries, covering all regions: Africa, Eastern Europe and Central Asia, East Asia and Pacific, Latin America and the Caribbean, Middle East and North Africa, and South Asia. The menu of solutions that FCI offers through its lending and advisory services is consistently evolving along with changes in the financial sector. It encompasses diverse areas such as financial stability and integrity, climate and risk management, credit bureaus, movable collateral, secured transactions, capital markets, infrastructure finance, housing finance, agriculture finance, financial inclusion, and digital financial services. The World Bank also seeks to meet demand for just-in-time expertise and to serve as a knowledge broker across all regions. 
Duties and accountabilities:
The incumbent will primarily focus on operational and analytical support to deliver EAP FCI work program. Ideally, the selected candidate will be familiar with World Bank operational work and have the technical breadth to contribute to the knowledge generation and policy dialogue on a broad array of financial sector sub themes! These particularly relate to financial sector stability, capital market development, climate risk management and sustainable finance. The Senior Financial Sector Specialist will have demonstrated prior experience interacting with high level officials in government, development community, and the private sector.

  • As member of the EAP FCI team, the incumbent will contribute to the FCI program working closely with the Country Management Unit (CMU) team of the Thailand Office as well as FCI Bank colleagues, other Global Practices and IFC.
Specifically, the candidate will be expected to: 
  • Provide intellectual and technical leadership to the FCI Team working in Thailand, on the following primary areas of coverage: financial stability, capital market development, climate and risk management, and sustainable finance. Based on program needs, contribute to FCI programs in other EAP countries.
  • Lead and/or support the development of new FCI work programs in Thailand including through advisory services and analytics (ASAs) programs, Reimbursable Advisory Services, and financing; contribute to the implementation of ongoing work programs to meet client needs and FCI priorities. 
  • Jointly, with the Country Team Coordinators (CTCs), conduct strategic policy dialogue with a wide range of clients including the Bank of Thailand, Securities and Exchange Commission, Office of Insurance Commission, Ministry of Finance, etc. on the primary areas of coverage and client needs.
  • Draw from wide range of global technical expertise from various units in FCI to ensure effective and timely delivery of activities related to the primary areas of coverage and client needs such as analytical reports, technical notes on cutting edge issues, conferences, workshops, etc.
  • Contribute to a variety of written products and communications, including components of major reports (Briefs, Analytical Notes, Back to Office Reports, Aide Memoires, Project Concept Notes, and Project Documents), as well as other technical working papers for wider circulation. These may be delivered as stand-alone or as inputs to larger World Bank Group products such as global or regional flagship publications, other regional studies, country reports including Systematic Country Diagnostics and Country Partnership Frameworks, and sector strategies.
  • Represent the FCI practice with the CMU and be an active member of the Country team; Mentor junior staff/secondees as relevant.
  • Develop and maintain relationships with other relevant organizations, including ADB, IMF, etc.
Selection Criteria:
  • This position requires a seasoned financial sector professional with strong technical, operational, and interpersonal skills.  He/she will have demonstrated an ability to manage large teams and complex assignments and mentor team members effectively, deliver results on the ground and lead high level policy dialogue. 
  • An advanced degree (Master/PhD) in Finance, Economics, Business Administration, or related field.
  • Minimum of 8 years of relevant professional experience in financial sector development, economics, public policy, international development, or related field.
  • Solid technical skills in at least one of financial sector development areas i.e. financial stability, capital market development, climate and risk management, and sustainable finance, as evidenced through reports and other outputs.
  • Exposure (directly or indirectly) to World Bank (or other multilateral organization) operations, such as analytical and advisory services programs and investment project financing.
  • Experience in conducting and influencing policy dialogue with(in) government and in working and forging partnerships with a diverse group of partners (governments, research community, donor community, and regional organizations).
  • Proven ability to work in a multi-disciplinary environment with excellent teamwork and diplomatic skills. Willingness to travel frequently, including participating in-the-field missions, sometimes as part of multi-disciplinary mission teams.
  • Excellent communication skills in English, including articulating ideas verbally and in writing in a clear and compelling way across audiences of varied levels.
  • Strong interpersonal skills to manage relationship with financial sector authorities and sensitivity in dealing with authorities and regulators.
  • Willingness to travel internationally to work with World Bank country clients and collaborate with World Bank global experts.
  • Passion for promoting development solutions and ability to link finance and development.
  • Knowledge of Thai language essential.