E T Consultant

Job #:
req30300
Organization:
World Bank
Sector:
Financial Sector
Grade:
EC2
Term Duration:
1 year 0 months
Recruitment Type:
Local Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
French and Spanish
Closing Date:
11/22/2024 (MM/DD/YYYY) at 11:59pm UTC
Description

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 ROLE OF THE FINANCE, COMPETITIVENESS AND INVESTMENT (FCI) DEPARTMENT WITHIN THE PROSPERITY VICE PRESIDENCY
The Prosperity Vice Presidency is one of the World Bank Group’s five verticals, with a mandate that emphasizes Growth, Finance, and Institutions for all." Our approach leverages data-driven analysis and combines expertise from both the public and private sectors, together with International Finance Corporation (IFC). The Prosperity Vice Presidency supports clients in advancing evidence-based structural reforms to establish the foundations for inclusive and sustainable growth in the thematic areas of macro-fiscal policy; financial sector resilience, access, and deepening; private sector development, trade, and competitiveness; and governance and public sector reform, including statistical capacity. Prosperity is comprised of five Global Departments, including the Finance, Competitiveness and Investment (FCI) Global Department.

THE GLOBAL CRISIS AND DISASTER RISK FINANCING (CDRF) TEAM is comprised of two directorates: the Finance directorate, and the Trade, Investment and Competitiveness (TIC) directorate. Within the Finance directorate, the Crisis and Disaster Risk Finance Team draws on experienced professionals with skill sets covering all areas of climate and disaster risk finance and insurance. Collectively, the team assists countries in areas from policy formation to regulation and supervision to investment and creating new financial products against climate and disaster shocks, including index insurance and disaster risk financing. The team focuses in two primary areas: (i) enhancing access of households as well as small and medium enterprises to suitable financial services to foster access to and usage of financial services, increase productivity and income, reduce vulnerability to shocks; and (ii) increasing the financial resilience of countries against natural disasters by implementing sustainable and cost-effective financial protection policies and instruments.

THE ROLE OF THE GLOBAL DEPARTMENT FOR WATER IN THE WBG. The Water Global Department is organized with: (a) region-facing Practice Managers (PMs) covering Africa, Eastern Europe and Central Asia, East Asia Pacific, Latin America and the Caribbean, Middle East and North Africa, and South Asia; (b) a Practice Manager for Global Solutions; and (c) five cross-cutting Global Solutions Groups (GSGs): (i) Water Resources; (ii) Water Supply and Sanitation; (iii) Climate Resilient Irrigation; (iv) Water, Economy & Climate Change; and (v) Water and Finance.

The DROUGHT SERVICES TEAM AND WATER INFORMATICS TEAM, housed in the Global Department for Water’s Global Unit provides hands-on support to regions, task teams, and clients for improving the the processing and application of data and information, specifically earth observation and remotely sensed data, as well as in situ data for drought and flood risk management. This is achieved through the deployment of tools and expertise to support operations and strategic dialogue with clients. The Department has recently developed a new program of services around drought risk management through which support is being provided to governments on more proactive and tailored solutions to prepare for, mitigate against, and respond to droughts.

World Bank clients are faced with increasing complexity in securing water for economic growth, shared prosperity, and a livable planet. The uncertainty brought by climate change and other stressors exacerbates these challenges. At the same time, the proliferation of data and information, including the advent of artificial intelligence, creates nearly endless opportunities for clients to improve efficiency and efficacy of their decisions amidst this increasing complexity. However, significant barriers exist in translating these data into information, and ultimately knowledge for clients around the world. As incidence of dry shocks are increasing with climate change, client countries need to build their resilience to drought risks, including through risk finance and risk layering mechanisms.

Roles & Responsibilities:

The FCI CDRF team, in partnership with the Drought Services and Water Informatics Teams of the Global Water Department, is seeking an Extended Term Consultant (ETC) with a background and experience on disaster risk financing, drought risk management, data science, and remote sensing and its applications. This ETC will support the development and operational application of remote sensing and drought analytics for use in disaster risk financing, as well as informing investment identification and prioritization in the areas of monitoring and early warning systems, geo-spatial analytics, and other climate risk related data and analytical work. This role will be of particular value to the growing use of parametric triggers in disaster risk financing instruments, including those under the World Bank Crisis Response Toolkit, and many regional and country projects. It will also provide direct support to operational teams working to integrate drought resilience investments into operations.

Experience in designing financial risk management solutions in emerging markets is an advantage. His/her overall objectives will be to: 1) contribute the development of analytical & advisory services to improve the financial resilience of developing countries against disaster and climate shocks; 2) support operational application of innovative analytical approaches and technologies for risk financing; 3) build the kno