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. Visit www.worldbank.org.
EQUITABLE GROWTH, FINANCE, AND INSTITUTIONS PRACTICE GROUP:
The Equitable Growth, Finance, and Institutions Practice Group (EFI) is one of the World Bank Group’s four Practice Groups. EFI’s mandate is “Growth, Finance, and Institutions for all.” Our approach is to leverage public and private sector expertise, together with International Finance Corporation (IFC), to support a data-driven reform agenda. EFI supports clients in advancing evidence-based structural reforms to build the foundations for inclusive and sustainable growth.
EFI is composed of four Global Practices (GPs):
Macroeconomics, Trade, and Investment (MTI)— consist of country economists and trade, financial and private development specialists that support structural reforms.
Governance GP – consists of public sector, financial management and procurement specialists to support institutional and governance reforms and provide fiduciary support to all Bank operations.
Poverty and Equity GP – consists of micro, labor, and development economists to build the evidence base, provide advice and operational support to ensure country policies and WBG interventions are inclusive.
The Finance, Competitiveness, and Innovation (FCI) GP is composed of two directorates: The Finance directorate, and the Trade, Investment and Competitiveness (TIC) directorate. The GP aims to support client countries to create an enabling environment in which financial stability, efficiency and firm-level solutions are provided in an integrated way to crowd in the private sector, support the creation of markets, and accelerate equitable growth.
FCI works toward creating an enabling environment in which financial stability, efficiency and firm-level solutions are provided in an integrated way to crowd in the private sector, support the creation of markets, and accelerate equitable growth. FCI professionals lead or participate in a wide variety of analytical and advisory work that add to the core expertise delivered to client countries. Knowledge and learning are a central part of the FCI agenda, with work focused on the following thematic areas: (a) Financial Stability and Integrity; (b) Long Term Finance; (c) Financial Inclusion and Infrastructure; (d) Crisis & Disaster Risk Finance; (e) Investment Climate; (f) Firms, Entrepreneurship and Innovation; (g) Markets and technology; and (h) Trade and regional integration.
The Financial Market Stability and Integrity (FSI) group is part of FCI. As part of its integrity workstream, FSI assists jurisdictions in putting in place an effective regime on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) and provides them with the tools for increasing transparency and for going after the proceeds of crime to strengthen the soundness, safety and integrity of the financial system. Our “follow the money” and assets disclosure tools assist jurisdictions in fighting crime and addressing development issues of governance and anti-corruption, financial inclusion, stolen asset recovery, and illicit financial flows.
Given the focus of FSI, the World Bank has partnered with the UN Office on Drugs and Crime (UNODC), under the umbrella of the Stolen Asset Recovery initiative (StAR). StAR’s mission is to support international efforts to deny safe havens for proceeds of corruption and to assist countries to put in place the legal framework to enable them to fight corruption and recover the proceeds of corruption from abroad and to build the capacity of countries to implement that framework.
Between them, the work programs for FSI on integrity and StAR cover the following:
1. Assistance to countries in the conduct of national AML/CFT risk assessments, and implementation of the risk-based approach to money laundering;
2. Technical assistance in response to client request, on AML/CFT, asset recovery or income and asset disclosure;
3. Training to countries to conduct financial-, open source-, crypto-, investigations;
4. Conducting and reviewing country AML/CFT evaluations;
5. Assistance in the practice of conducting international cooperation through informal mechanisms and mutual legal assistance;
6. Dissemination of international best practices on financial disclosure, asset recovery and AML/CFT related topics and raising awareness on the importance of the related international standards;
7. Develop policy work on asset recovery related topics, notably beneficial ownership, international cooperation, and legal frameworks for management and recovery of proceeds of corruption;
8. Participate in relevant policy dialogues with other international organizations and bodies active on asset recovery, including the Financial Action Task Force, the G20 Anti-Corruption Working Group, the Egmont Group of Financial Intelligence Units, the Camden Asset Recovery Interagency Network and relevant regional networks.
Roles & Responsibility:
FSI and StAR wish to hire a Senior Financial Sector Specialist to deliver asset recovery and AML/CFT related assistance to World Bank countries and to assist StAR in redirecting more of its work to focus on safe havens.
Specifically, the staff member will:
• Deliver assistance on conducting national risk assessments and implementing country risk mitigation action plans to countries;
• Develop and provide training to relevant enforcement, supervisory or policy bodies on ML/TF or asset recovery related topics;
• Develop and implement a StAR safe havens strategy- including liaising with jurisdictions on their asset recovery efforts and leading or assisting the development of new policy work highlighting the role played by safe havens or the professions active in them;
• Develop and contribute to policy work and research on a variety of topics related to asset recovery and AML/CFT and assist in updating existing StAR policy work;
• Lead/participate in country AML/CFT evaluations;
• Draft and contribute to briefings, presentations, and talking points for internal and external audiences;
• Liaise with current and prospective donors;
• Participate in technical assistance projects in client countries leading or as part of StAR/FMI teams
Selection Criteria
• Master’s degree in a relevant discipline (finance, economics, public policy, international relations, law);
• A minimum of 8 years of relevant experience related to anti-money laundering and countering the financing of terrorism (AML/CFT). Relevant experience will include experience in: AML/CFT compliance, banking supervision or other financial supervisory or regulatory functions; financial intelligence analysis or investigation; investigation or prosecution of financial economic crime including transnational recoveries of proceeds of corruption; the legal profession on white collar defense; policy or advisory work on AML/CFT, anti-corruption, and/or asset recovery in international organizations or policy bodies;
• Experience conducting country AML/CFT evaluations;
• Proven ability to work in teams, both as a team leader and team member, as well as support the delivery of complex analytical and advisory tasks;
• Demonstrated initiative, organizational skills, and drive for results including the ability to adjust to and prioritize a variety of complex evolving tasks.
• Excellent communication skills, both in oral and written presentations and a strong track record of prior written work.
• Fluency in English is required, fluency in Spanish or French is desired and fluency in Arabic will be taken into consideration.
• Willingness to undertake frequent travel
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.
