Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank consists of two entities – the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). It is a global development cooperative owned by 189 member countries. As the largest development bank in the world, the World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and creditworthy low-income countries, and coordinates responses to regional and global challenges. For more information, please visit www.worldbank.org.
The Consultative Group to Assist the Poor (CGAP) is a global multi-donor partnership dedicated to advancing financial inclusion for the poor. CGAP plays a unique role as a donor-coordination mechanism for funders working to improve the lives of poor people through the power of financial inclusion, providing a valuable platform for information, dialogue and reflection to advance progress towards a collective vision. Using action-oriented research, CGAP tests, learns and disseminates knowledge intended to help build inclusive and responsible financial systems that move people out of poverty, protect their assets and advance broader global development goals. CGAP leverages its relationships with businesses, governments and the non-profit sector to share insights, mitigate risks and protect customers, and help others bring solutions to scale. CGAP serves as a global advocate for the financial inclusion community by collaborating with strategic institutions that influence policy and market development and providing evidence-based research and practical lessons that guide their work. For more information, please visit https://www.cgap.org/
CGAP is supported by more than 30 partners including bilateral and multilateral development agencies, development finance institutions and private foundations committed to advancing financial access for the poor. CGAP is housed in and administered by the World Bank.
CGAP is guided by a five-year strategy and annual workplans. The current five-year strategy, CGAP VI, covers the period July 1, 2018 – June 30, 2023 and is built on a theory of change (ToC) that has identified four collective outcomes:
Customers have information, incentives, trust, confidence and networks to participate in the financial system.
Providers offer affordable, responsible, and accessible financial solutions for poor people that are sustainable and at scale.
An infrastructure that enables ubiquitous, efficient, open and safe markets is in place.
A policy and regulatory framework for responsible financial inclusion is in place and enforced.
Beyond work with its core partners, CGAP also provides industry-level support to share knowledge and scale impact. This will include improving global learning on impact evidence, supporting CGAP’s members, and focusing on capacity development to scale learning with providers and policymakers.
Implementation of CGAP VI is carried out by the Operational Team through a “portfolio of projects” designed to achieve the high-level collective outcomes articulated in the theory of change.
Job Duties and Responsibilities:
CGAP is recruiting an early-career Financial Sector Analyst to join CGAP’s expanding efforts in advancing financial inclusion for the poor. Specific duties and responsibilities include:
Research. Analyst will support research on a range of topics, such as technologies and emerging business models, customer insights and demand side studies, evidence of impact of financial services in the poor, policies and regulations of innovative financial service offerings, among others.
Support workstreams. Analyst will support one or more workstreams, potentially across different thematic areas, within CGAP’s overall work program. This will entail close work with several CGAP staff and consultants to deliver on shared goals and coordination among teams distributed geographically.
Collaborate with consultants. Analyst may engage with external consultants, either individuals or firms, as part of a team carrying out larger and/or more comprehensive analysis or research. This may involve support to develop terms of reference, coordinate meetings and/or review deliverables.
Communications. Analyst is expected to articulate compelling oral and written communications aimed at diverse stakeholders and audiences (providers, policymakers, researchers and funders). Analyst may support Communications Specialists in developing communications plans to translate insights generated from research into messages that influence target audiences in the private and public sectors.
Liaise with external stakeholders. Analyst will be part of teams with multiple external relationships with stakeholders involved in financial inclusion. Analyst will support teams in managing such relationships.
Coordinate team activities. Support projects through coordinating activities across multiple people and workstreams and carry out supporting administrative functions as needed.
Contribute to CGAP’s thinking. Monitor trends in financial inclusion research in both academia and private sector; identify new ideas, resources, and opportunities for the team. Participate in cross-functional CGAP teams and corporate work as required.
Selection Criteria
The successful candidate(s) will demonstrate the following WBG Core Competencies:
Deliver Results for Clients – Contributes to delivery of results for clients on complex issues
Collaborate Within Teams and Across Boundaries – Collaborates with other team members and contributes productively to the team’s work and output, displays a sense of mutuality and respect
Lead and Innovate – Brings new and different insights
Create, Apply, and Share Knowledge – Actively contributes to and readily applies WBG’s body of knowledge for internal and/or external client solutions
Make Smart Decisions – Leverages available data and makes timely decisions.
In addition to meeting the World Bank-wide general criteria for GE positions, it is expected that the selected candidate would meet the following criteria:
Master’s degree in Business, Finance, Development, Economics, International Relations or relevant field.
At least 2 years of relevant work experience, especially in a lower income/emerging economy context.
Proven ability to think conceptually and rapidly, analyze diverse information from varied sources.
Strong written communication skills.
Ability to collect and analyze complex and incomplete information, interpret data, synthesize issues, make connections across topics, and present into a cohesive picture.
Ability to problem-solve around new topics, identify major issues, and develop a research plan.
Creative, agile, curious, and open mind; proven ability to learn, adapt, and be innovative. Actively seek and consider diverse ideas and approaches.
Strong client orientation and ability to maintain complex client relationships in the face of conflicting demands or directions.
Enjoy working in a team-based environment
