Financial Sector Specialist/Senior Financial Sector Specialist
|Information on vacancy
|Period of publication
||12.01.2017 - 26.01.2017
|Field of activity /
|Finance, accounting, consulting / Specialist
||Duties and Accountabilities:
Scope of Work
The purpose of this position is to provide advisory services and training to partner finance institutions (PFI) to improve their capacity and skills to services agri sector clients in all 3 Project countries. The Agrifinance Specialist will:
Х Be responsible for analyzing, establishing and implementing agrifinance solutions, methodologies and products with PFIs, aggregators, service providers and their clients;
Х Identify and lead a team of consultants, providing services to partner financial institutions, such as skills and training needs assessment, agrifinance training, jointly with international experts design and implement supply chain financing solutions, etc.
Х Supporting the implementation of CLARA, the web-based cash-flow linked agri-risk assessment tool, with PFIs and/or other partners. This tool assists financial institutions to streamline the credit process, increase efficiency of credit assessment of agricultural clients and reduce operational costs by 30-50%.
Х Participate in identifying and designing a sustainable placement of CLARA with a private sector partner, such as a credit bureau or extension service provider;
Х Be involved in business development with FIs and aggregators, identify opportunities for advisory services to add value to clients, with emphasis on Supply Chain Financing, agrifinance training and other access to finance solutions;
Х Provide quality control of client engagements, designing activities and their implementation;
Х Negotiate proposals and contracts including pricing and client contributions with support of relevant IFC relationship managers;
Х Ensure high quality input into donor reports and donor visibility in all project activities;
Х Contribute to the knowledge management and thought leadership agenda of the department in own area of expertise;
Х Serve as a member of the advisory leadership team, contributing to initiatives in other regions or globally as required to meet client needs;
Х Contribute to the team effort to meeting project goals in line with defined indicators;
Х Collaborate with relevant projects of the IFC and the World Bank (as directed by management) to serve clients and meet defined joint goals;
The Specialist will have extensive hands-on experience in designing business models, commercial strategies and products specific to Agri businesses and business farmers. He/she will have a deep understanding and practical experience working with key banking operations and in the provision of consulting services, as well as a broader knowledge of the financial sector in Central Asia. Strong knowledge of international standards and practices will be required to provide thought leadership and technical guidance to partner institutions and junior project team members.
While implementing his/her duties, the consultant will be supported by and report to the Program Manager as well as other international and local experts working in the project.
|Requirements to the candidate
||Х 8 years of banking and/or microfinance experience, including at least 3 years of agrifinancing experience;
Х an advanced degree in business administration, or finance and banking;
Х thorough understanding of the banking sector, lending products and knowledge of best practices; understanding of agri finance and/or agri sector in general is desired;
Х a broad level of understanding of the financial sector operations in Eurasia and Central Asia region;
Х experience in the design and implementation of financial products and tools for financial institutions;
Х proven ability to work independently, proactively lead the requested areas with the guidance of the Project Manager as needed;
Х Strong sense of service to clients;
Х Ability to work flexibly and under deadline pressure on a range of assignments at a time, and adjust to and prioritize a variety of complex evolving tasks;
Х Good understanding of the developmental work, understand the WBG's mission and objectives;
Х Strong interpersonal, communication skills.
Х Ability to deal sensitively in multi-cultural environments and build effective working relations with clients and colleagues.
Х Have excellent written/communication skills in English and Russian are essential.
Х Ability to function effectively in multi-disciplinary teams within a matrix environment.
Х Lead and Innovate - Bring new and different insights.
Х Deliver Results for Clients Ц lead clients deliver results and resolve the issues on complex cases.
Х Create, Apply and Share Knowledge - Actively contributes to and readily applies WBG's body of knowledge for internal and/or external client solutions.
Х Make Smart Decisions - Leverages available data and makes timely decisions.
Х Willingness to travel in the Central Asia region if required.
The World Bank Group is committed to achieving diversity regarding gender, nationality, culture and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated in the strictest confidence.
||The Finance & Markets Global Practice (GFMDR) aims to help countries build deep, diversified, inclusive, efficient and stable financial systems which are essential to promoting economic growth and reducing poverty and increasing shared prosperity. The practice is committed to delivering public and private sector tailored solutions to development challenges by leveraging the whole range of the Bank Group's financial, knowledge/advisory and convening services for clients. In doing so, the practice not only partners with the broader World Bank finance team (IFC, WB, MIGA and WB/IFC Treasuries) but also acts as an enabler for all of the other GPs and Cross-Cutting Groups.
As a joint World Bank -IFC practice, the Finance & Markets Practice brings together the World Bank's knowledge, finance (loans, credits, guarantees, risk management products), and convening services, and IFC advisory at the industry and public sector level into a single suite of development solutions for our clients and the global community to support reaching the twin goals of eliminating extreme poverty and promoting shared prosperity. Today, this suite of financial solutions is more than US$10 billion in current and pipeline engagement commitments. We also have an ongoing portfolio of about 400 knowledge activities (with costs up to $73 million) and 98 IFC advisory services (valued at $136 million).
Led by a Senior Director and two Directors, the practice is managed by a cadre of 15 Practice Managers who oversee its regional teams and global solutions groups, and CGAP, which has a dedicated Director.
Thematically, the practice is organized into three global solutions groups. The first groups activities aimed at Strengthening the foundations of stable financial systems and markets by supporting global financial sector oversight frameworks and policies; strengthening banking regulation and restructuring regimes; improving financial sector integrity efforts and deepening capital markets, insurance, pensions and investment funds; the second Improving financial infrastructure and access through its work on credit infrastructures; payment and market infrastructures; responsible financial access: and SME finance, and the third on partnering with other practices on frontier development finance initiatives such as climate change finance, disaster risk finance and insurance, infrastructure finance, agriculture finance and housing finance.
The aim of the Project is to improve (a) access to finance and (b) access to markets for producers in several agricultural supply chains in the Kyrgyz Republic (KR), Tajikistan and Uzbekistan.
The goal is met through work in two main areas which form two key components of the Project:
- To increase access to finance for farmers and other agri supply chain participants by improving the capacity of Fls to lend to/service the agricultural sector; and
- To improve the bankability of farmers and other participants of supply chains (aggregators) by improving their capacity, productivity and access to
The Project's targets are: (a) 20,000 farmers reached through improved access to finance, services and markets; (b) $50 million in investment and financing facilitated; (c) $50 million in sales revenue generated for supply chains.
Note: this position is intended to work on Kyrgyzstan, Tajikistan and Uzbekistan. The position may be based in Bishkek, Kyrgyzstan or Tashkent, Uzbekistan or Dushanbe, Tajikistan.
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 2 year term appointment.
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Vacancy Number: 162292
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