E T Consultant

Job #:
req37583

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):

Closing Date:
7/17/2026 (MM/DD/YYYY) at 11:59pm UTC

Description

Financial System Resilience and Integrity

The Financial System Resilience and Integrity Unit consists of two teams:

The Financial System Resilience team promotes the sustainable development of banking institutions in client countries through Technical Assistance (TA) programs and through our joint Financial Sector Assessment Program (FSAP) with the International Monetary Fund (IMF). Our efforts are generally focused on promoting the alignment of regulatory and supervisory frameworks with international best practices and standards. Our work is also deeply integrated with global standard-setting bodies, where one of our core goals is to present the perspectives and experiences of emerging market and developing economies (EMDEs). The unit coordinates the WB engagement with the Financial Stability Board (FSB).

The Financial Integrity team supports global development goals by providing expertise and technical assistance to countries to increase the transparency and integrity of the financial system. This includes helping countries put in place effective anti-money laundering and countering the financing of terrorism (AML/CFT) regimes and promoting the transparency of financial flows. The team helps countries implement a "follow the money" approach to fighting crimes such as environmental crimes, drug trafficking, and fraud, and supports capacity building in governance, financial inclusion, and asset recovery.

What We Do

The Financial System Resilience Team helps client governments and the global community in strengthening financial-sector oversight and crisis preparedness/crisis management; promotes an enabling environment for bank intermediation; and enhances the capacity of the authorities to deal with financial stress. We do this primarily through supporting the establishment of a well-functioning banking sector and effective bank-regulation, supervision and resolution frameworks.

The Financial Integrity Team focuses on the following:
• Assistance to countries in the conduct of national assessments of money laundering and terrorist financing risk, and implementation of policies to address identified risks;
• Technical assistance in response to client requests on combating illicit financial flows, anti-money laundering/counter-terrorist financing, and asset recovery;
• Providing training to countries to strengthen financial integrity supervision and regulation, and to conduct financial investigations;
• Conducting and reviewing evaluations of country compliance with the global AML/CFT requirements;
• Assistance to countries to improve international cooperation through informal mechanisms and mutual legal assistance;
• Research, analysis, and publications on international best practices for combating illicit financial flows, asset recovery, and AML/CFT-related topics;
• Developing policy work on financial integrity-related topics, such as transparency of beneficial ownership, international cooperation, and legal frameworks for the management and recovery of proceeds of corruption;
• Participating in relevant policy dialogues with other international organizations and bodies active on financial integrity issues, including the Financial Action Task Force, the G20, the FSB, the G20 Anti-Corruption Working Group, the Egmont Group of Financial Intelligence Units, the Camden Asset Recovery Interagency Network, and relevant regional networks.

Who We Work With

In our client countries, we work with financial-sector authorities, central banks, financial intelligence units, supervisory and regulatory authorities, as well as law enforcement and prosecutors. Globally, we work with multilateral organizations to develop global standards and best practices for financial systems, including the Financial Action Task Force (FATF), FSB, the IMF, the Basel Committee on Banking Supervision.

Key Duties and Accountabilities:
The successful candidate is expected to perform the full range of duties in the domain of AML/CFT regulation and supervision-related technical assistance to government authorities, particularly in the implementation of a risk-based approach to AML/CFT, including in the context of financial inclusion, and to work independently on complex programs in the areas described above. As needed, the candidate is expected to provide cross-support to the Financial Resilience Team and to have knowledge of, and experience in, prudential financial sector regulation and supervision. He or she will report to the Practice Manager who oversees the unit responsible for financial system resilience and integrity.

Specific duties and accountabilities include:
• Analyze international practices relating to the prudential and AML/CFT regulation and supervision of financial institutions, markets and systems, adapt relevant policies and procedures to the varying circumstances of lower and middle-income countries, and promote their adoption and implementation in WB client countries;
• Propose, design, oversee and deliver TA to support AML/CFT and other financial sector reforms and strengthening in WB client countries, including areas vital for ensuring systemic stability and banking regulation and supervision;
• Deliver technical work primarily on AML/CFT regulation and supervision and the risk-based approach to AML/CFT, including its application in the context of financial inclusion, as well as on a broader range of financial regulation and supervision topics;
• Contribute to WBG's engagements with the FATF, FSB and other key international standard setting bodies.

In addition, the successful candidate will have the following general duties and accountabilities:
• Contribute to WBG institutional mandates;
• Prepare written notes, papers, reports, etc. that analyze policy issues and implementation challenges, and advocate and support recommendations and good prudential regulatory and supervisory practice;
• Lead and participate in other forms of dissemination of policy analysis and recommendations for good prudential regulatory and supervisory practice, including via workshops, conferences, meetings, etc;
• Conduct technical and academic research, collect and analyze data, and contribute to the development of new analytical tools;
• Contribute to a collaborative, open, team environment within the broader department.

Selection Criteria
• At least 10 years of relevant work experience in a financial sector supervisory or regulatorybody, with deep experience in financial sector regulation and supervision;
Substantive knowledge of financial sector standards and codes and the work of standard setting bodies;
• Demonstrated ability to work with data, conduct data analysis, and translate findings into policy recommendations and actions;
• Deep knowledge of AML/CFT standards for the financial sector, risk-based AML/CFT regulation and supervision, including in the context of financial inclusion, coordination between AML/CFT supervision and financial intelligence units, and AML/CFT enforcement and remedial actions;
• Demonstrated ability to function in a team and deliver results on time; and
• Ability to build effective working relationships with clients, colleagues and partners.

General Selection Criteria
• Expert with technical qualifications and broad knowledge of all aspects of the financial sector gained through advanced academic study (at least Masters level or equivalent) and relevant experience gained in regulatory and supervisory agencies, international financial institutions, and/or in private financial services firms.
• Demonstrated intellectual leadership and ability to leverage sector specific knowledge for broad-based diagnostic, policy, and TA purposes, as well as ability to leverage new technologies - including AI - to implement better solutions;
• Strong and broad knowledge of risk management, financial analysis and good governance practices within the financial services industry and regulatory/supervisory authorities;
• Demonstrated ability to develop practical and innovative approaches to difficult policy issues and implementation challenges (including financial stability, prudential regulation, risk-based supervision, competition and efficiency, and market structure);
• Excellent organizational, analytical and prioritization skills, with ability to follow assigned tasks/projects through to completion;
Fluency in English with excellent written and oral communication skills, including ability to advocate positions and defend orally and in writing difficult issues and positions; and
• Ability to learn and adjust thinking to diverse environments.

WBG Culture Attributes:

1. Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
2. Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
3. Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.

World Bank Group Core Competencies

As per WBG policy, an Extended Term (ET) appointment is subject to a lifetime maximum of three (3) years. Former and current ET staff who have completed or are in the process of completing their third-year ET appointment are not eligible for future ET appointments.