World Bank MNA Fellow

Job Posting Organization:
The Financial Services Sector (FSS) Global Department is part of the World Bank Group (WBG) and is dedicated to supporting client countries in creating an enabling environment for financial stability and efficiency. Established to address the needs of emerging markets and developing economies, the FSS aims to develop deep, inclusive, efficient, and resilient financial systems. The department leverages its extensive financial sector knowledge and global-regional insights to provide practical solutions that help clients meet their development challenges. The FSS operates under the WBG Knowledge Bank and plays a crucial role in enhancing the financial environment for its clients.

Job Overview:
The World Bank MNA Fellow position is designed to support the Financial System Resilience and Integrity (WKPFR) team in strengthening banking sector stability in client countries. The fellow will be involved in delivering Financial Sector Assessment Programs (FSAPs) and providing technical assistance on financial stability and integrity. This role requires a deep understanding of banking supervision, deposit insurance, and bank resolution, as well as the ability to engage with international standards and frameworks. The fellow will also be tasked with analyzing emerging financial risks, including those associated with digital finance and cyber threats, and advising client countries on regulatory approaches that are proportionate to these risks. The position offers an opportunity to contribute to the development of knowledge products that inform policy and practice in the financial sector.

Duties and Responsibilities:
The duties and responsibilities of the World Bank MNA Fellow include leading assessments of banking supervision, bank resolution, deposit insurance, and emergency liquidity assistance frameworks against international best practices such as the BCBS Core Principles, FSB Key Attributes, and IADI Core Principles. The fellow will deliver FSAPs and technical assistance programs focused on crisis preparedness, financial safety nets, and banking supervision and regulation in emerging markets and developing economies (EMDEs). Additionally, the fellow will design and facilitate financial sector crisis simulation exercises in collaboration with central banks, resolution authorities, and finance ministries. The role also involves assessing financial stability risks associated with crypto-assets, stablecoins, and digital finance, providing advice to client countries on regulatory approaches. The fellow will analyze cyber and AI-related risks to financial stability and integrate these findings into FSAPs and technical assistance programs. Engagement with the Financial Stability Board (FSB), International Association of Deposit Insurers (IADI), and Basel Committee on Banking Supervision (BCBS) is also a key responsibility, where the fellow will represent WBG positions and advocate for EMDE perspectives in global standard-setting. Finally, the fellow will produce knowledge products such as technical notes, policy briefs, and analytical reports on financial stability, banking supervision, and emerging financial risks.

Required Qualifications:
Candidates for the World Bank MNA Fellow position should possess a strong background in finance, economics, or a related field. A deep understanding of financial systems, banking supervision, and regulatory frameworks is essential. The ideal candidate will have experience in conducting assessments and providing technical assistance in the financial sector, particularly in emerging markets and developing economies. Strong analytical skills and the ability to synthesize complex information into clear and actionable recommendations are required. Additionally, candidates should demonstrate excellent communication skills, both written and verbal, and the ability to engage with a diverse range of stakeholders.

Educational Background:
A graduate degree in finance, economics, public policy, or a related field is required for the World Bank MNA Fellow position. Advanced degrees such as a PhD or equivalent experience in a relevant area will be considered an asset. Candidates should have a solid academic foundation that supports their understanding of financial systems and regulatory frameworks.

Experience:
The position requires candidates to have relevant experience in the financial sector, particularly in areas related to banking supervision, financial stability, and regulatory compliance. Experience working with international organizations, government agencies, or financial institutions in emerging markets and developing economies is highly desirable. Candidates should have a proven track record of delivering technical assistance and conducting assessments in the financial sector, as well as experience in crisis management and simulation exercises.

Languages:
Fluency in English is mandatory for the World Bank MNA Fellow position. Proficiency in additional languages, particularly those relevant to the regions served by the World Bank, is considered a strong asset and may enhance a candidate's application.

Additional Notes:
The World Bank MNA Fellow position is a full-time role that may involve international travel to client countries. The duration of the contract will be specified during the hiring process. The position offers competitive compensation and benefits, in line with World Bank standards. Candidates should be prepared to work in a dynamic and collaborative environment, contributing to the mission of the World Bank in supporting financial stability and development.