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Lead Economist

The World Bank Economics logo

The World Bank
Washington, DC - United States
S: Competitive

Background / General description:

THE WORLD BANK GROUP

Established in 1944, the WBG is one of the world's largest sources of funding and knowledge for development solutions. In fiscal year 2014, the WBG committed $65.6 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $22.2 billion was concessional finance to its poorest members. It is governed by 188 member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.

The WBG consists of five specialized institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). IBRD and IDA are commonly known as the World Bank, which is organized into six client-facing Regional Vice-Presidencies, several corporate functions, and – as of July 1, 2014 –fourteen Global Practices (GPs) as well as five Cross-Cutting Solution Areas (CCSAs) to bring best-in-class knowledge and solutions to regional and country clients.

GLOBAL PRACTICES & CROSS-CUTTING SOLUTIONS AREAS

The 14 GPs are: Agriculture; Education; Energy and Extractives; Environment and Natural Resources; Finance and Markets; Governance; Health, Nutrition and Population; Macroeconomics and Fiscal Management; Poverty; Social Protection and Labor; Social, Urban, Rural and Resilience; Trade and Competitiveness; Transport and ICT; and Water. The 5 CCSAs are: Climate Change; Fragility, Conflict and Violence; Gender; Jobs; and Public-Private Partnerships. The new operating model is part of a broader internal reform aimed at delivering the best of the World Bank Group to our clients, so that together we can achieve the twin goals of (1) ending extreme poverty by 2030, and (2) promote shared prosperity for the bottom 40% of the population in every developing country.

GLOBAL PRACTICE FOR MACROECONOMICS and FISCAL MANAGEMENT

The Global Practice for Macroeconomics and Fiscal Management (MFM) comprises about 304 staff working across more than 100 countries. The Practice houses the Bank's country economists as well as professional staff with expertise in macroeconomics, fiscal policy, growth, and statistics. About fifty percent of MFM professional staff is decentralized to the field working closely with the CMUs and in proximity to clients. MFM professionals most often work across sectors helping carry out key integrative functions. In this context MFM professionals are responsible for the preparation and delivery of the majority of the Bank's Development Policy Operations using both IDA and IBRD resources. MFM professionals also lead or participate in a wide variety of ASA and client advisory work requiring integrative functions that add to the core MFM expertise. As such MFM staff often lead or participate in the preparation of Strategic Country Diagnostics, Country Economic Memorandums and cross-GP Public Expenditure Reviews. An important additional element of engagement in macroeconomic and fiscal policies is carried through the work on debt management supported by the Debt Management Facility. Knowledge and learning is a central part of MFM with work focused on 5 thematic areas: (a) macroeconomics; (b) fiscal policy; (c) growth; (d) economic management in resource rich environments; and (e) macroeconomic modelling & statistics.

Background & General Description:

The Macroeconomics and Fiscal Management Global Practice (MFM GP) is seeking to recruit an outstanding Lead Economist for GMF13.
The Lead Economist will work closely with the Practice Manager, Program Leaders, Global leads, and Economists based in HQ and in the field.

Note: 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.

Duties and Accountabilities:

• Intellectual leadership of the Debt Unit within GMF13.
• Support to the Practice Manager on management of the Debt Unit within GMF13.
• Overall supervision including selected task management of major analytical outputs related to debt sustainability (board papers, operational research, etc.).
• Analytical leadership on technical areas related to debt sustainability, debt management, debt restructuring, and debt relief.
• Oversight of review, quality control, and preparation of debt sustainability analyses undertaken by country teams jointly with the IMF.
• High-level strategic cross-support to country teams on a demand-driven basis on issues related to debt sustainability and debt management.
• Leadership of knowledge management and innovation on issues related to debt sustainability, debt management, and debt relief, including production of working papers and contribution to the MFM debt community of practice, intranet website, etc.
• Participation and representation of MFM in corporate initiatives and discussions relating to debt sustainability, debt management, sovereign debt restructuring, etc.
• Leadership role in the development and improvement of debt-related tools for country-level TA and capacity building (e.g., MTDS etc.).
• Strategic participation at events organized by the debt unit (e.g., training courses, conferences, etc.).
• Strategic operational support on a selective basis to the TA program of the unit (partly financed by the Debt Management Facility).
• High-level representation of the World Bank at external events related to debt.

Selection Criteria:

Selection Criteria:

• Minimum of a Master's degree (Ph.d. preferred) in economics with at least twelve (12) years of relevant professional experience including a track record of delivery of high quality analytical and advisory products.
• Strong analytical skills in macroeconomic and fiscal management and proven ability to conduct policy-relevant research.
• Proven experience in leading high impact development policy operations; sound knowledge of Bank lending tools and procedures.
• Integrative capacity including the ability to situate sectoral issues within a broader development framework.
• Strong oral and written communication skills, including the ability to present complicated analyses to non-specialist audiences.
• Strong client-orientation and diplomatic skills combined with candor and courage of opinion.
• Ability to work flexibly on a range of assignments and adjust to a variety of complex evolving tasks to meet deadlines.
• Entrepreneurial capabilities that can be deployed in identifying and securing new business opportunities.
• High energy and demonstrated interest in achieving impact through analytical work and technical assistance for demanding and sophisticated clients. Previous experience in delivering high impact work in a country under economic transformation would be a plus.

Competencies:

• General Economic Knowledge and Analytical Skills - Possesses a track record of intellectual leadership and ability to integrate economic-specific knowledge and specific micro/sector fields of expertise; provides quality assurance and assesses technical soundness of work/reports.
• Knowledge and Experience in Development Arena - Influences the design and execution of major policy and/or research initiatives; conceives and promotes innovations in development policies, project design, organization and management to improve operational and sector work.
• Policy Dialogue Skills - Has a track record of conducting effective policy dialogue with country counterparts; communicates and defends difficult issues and positions to senior bank management and government officials.
• Integrative Skills - Possesses in-depth understanding of Bank resources in all areas of work in the network, and proven fungibility.
• Macroeconomic Skills and Country Economics Experience - Has strong record of task leadership of complex policy-based lending operations, major economic reports or other published work relating to macro-economic, fiscal, growth, structural policy and poverty issues.
• Written and Verbal Communication - Demonstrates a strong command of all forms of communication and delivers messages in a consistently effective, timely and engaging manner.
• Lead and Innovate - Inspires and influences others to drive innovation.
• Deliver Results for Clients - Acts as a trusted, strategic advisor, partnering with clients to deliver results.
• Collaborate within Teams and across Boundaries - Leads collaboration across WBG and with partners drawing on robust professional networks.
• Create, Apply and Share Knowledge - Establishes an environment where knowledge is created, applied and shared.
• Make Smart Decisions - Makes timely decisions that have a broad impact.

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 confidentiality.

Job summary

Employer:

The World Bank

Location:

Washington, DC, United States

Education:

PhD/Doctorate

Sector:

Economist

Salary:

Competitive

Job Type:

Permanent

Hours:

Full-Time

Posted:

21st June 2017

Apply By:

6th July 2017

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