Research Analyst - New Delhi - The World Bank Group
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PLEASE NOTE THAT THIS IS A COUNTRY OFFICE POSITION IN INDIA SUBJECT TO LOCAL RECRUITMENT UNDER THE INDIA COMPENSATION PLAN. IF A STAFF MEMBER HOLDING AN HQ/INTERNATIONAL POSITION IS SELECTED INTO THIS POSITION, THEN THE STAFF MEMBER WOULD CONVERT TO A LOCAL APPOINTMENT (I.E., A LOCAL SALARY AND NO EXPATRIATE BENEFITS).
THE WORLD BANK GROUP IS COMMITTED TO ACHIEVING DIVERSITY IN TERMS OF GENDER, NATIONALITY, CULTURE AND EDUCATIONAL BACKGROUND. INDIVIDUALS WITH DISABILITIES ARE EQUALLY ENCOURAGED TO APPLY. ALL APPLICATIONS WILL BE TREATED IN THE STRICTEST CONFIDENCE.
THE WORLD BANK GROUP
Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. In fiscal year 2014, the WBG committed $65.6 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $22.2 billion was concessional finance to its poorest members. It is governed by 188 member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.
The WBG consists of five specialized institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). IBRD and IDA are commonly known as the World Bank, which is organized into six client-facing Regional Vice-Presidencies, several corporate functions, and – as of July 1, 2014 – has introduced fourteen Global Practices (GPs) as well as five Cross-Cutting Solution Areas (CCSAs) to bring best-in-class knowledge and solutions to regional and country clients.
GLOBAL PRACTICES & CROSS-CUTTING SOLUTIONS AREAS
The 14 GPs are: Agriculture; Education; Energy and Extractives; Environment and Natural Resources; Finance and Markets; Governance; Health, Nutrition and Population; Macroeconomics and Fiscal Management; Poverty; Social Protection and Labor; Social, Urban, Rural and Resilience; Trade and Competitiveness; Transport and ICT; and Water. The 5 CCSAs are: Climate Change; Fragility, Conflict and Violence; Gender; Jobs; and Public-Private Partnerships. The new operating model is part of a broader internal reform aimed at delivering the best of the World Bank Group to our clients, so that together we can achieve the twin goals of (1) ending extreme poverty by 2030, and (2) promote shared prosperity for the bottom 40% of the population in every developing country.
GLOBAL PRACTICE FOR MACROECONOMICS and FISCAL MANAGEMENT
The Global Practice for Macroeconomics and Fiscal Management (MFM) comprises about 320 staff working across more than 100 countries. The Practice houses the Bank’s country economists as well as professional staff with expertise in macroeconomics, fiscal policy, growth, and statistics. About fifty percent of MFM professional staff is decentralized to the field working very closely with the CMUs and in proximity to clients. MFM professionals most often work across sectors helping carry out key integrative functions. In this context MFM professionals are responsible for the preparation and delivery of the majority of the Bank’s Development Policy Operations using both IDA and IBRD resources. MFM professionals also lead or participate in a wide variety of AAA and client advisory work requiring an integrative functions that add to the core MFM expertise. As such MFM staff often lead or participate in the preparation of Strategic Country Diagnostics, Country Economic Memorandums and cross sector Public Expenditure Reviews. An important additional element of engagement in macroeconomic and fiscal policies is carried through work on debt management supported by the Debt Management Facility. Knowledge and learning is a central part of MFM with work focused on 5 thematic areas: (a) macroeconomics; (b) fiscal policy; (c) growth; (d) economic management in resource rich environments; and (e) statistics.
BACKGROUND AND JOB DESCRIPTION
The MFM Global practice is seeking to recruit an outstanding Research Analyst, located in Delhi. The assignment is for an initial period of two years, with the possibility of extension. The MFM team consists of two local economists and a senior economist based in Delhi, and a Lead Economist based in Washington, DC. The incumbent will report to the MFM Practice Manager for South Asia, also based in Washington, DC.
The MFM India team is responsible for the development, design and implementation of innovative lending operations, as well as the delivery of cutting-edge knowledge programs for India on macroeconomic management, fiscal policy, debt management and strategies for long-term economic growth. Programs may have a national focus, or often a focus on specific states, especially low-income states.
The MFM Team of the New Delhi Office intends to hire a Research Analyst who will be expected to provide a full range of support to the team. The Research Analyst position is ideally suited for young, energetic economists looking for exposure and on-the-job training before going into a PhD program. On offer are unique opportunities to operate in a world-class environment, on a highly stimulating work program.
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 1 year term appointment.
Duties and Accountabilities:
Independently researches and analyzes a wide variety of economic, financial, country or sector topics and issues for lending, research, and/or policy related tasks. • Supports country strategy by tracking and assessing macro and socio-economic indicators. • Maintains and modifies economic/financial models and complex macroeconomic databases. • Participates in meetings to collect and analyze data as well as exchange information with government and private sector officials. • Works independently, seeking guidance and instruction on new, unusual or complex assignments. Work involves frequent interaction with the following: • Counterparts in government and in a variety of international and other partner organizations, academia, etc. • Counterparts within and across sectors, networks, etc. • Managers across the Bank Group.
Prerequisites for the position include: • Master's degree or equivalent in economics, or a related social science field with a strong quantitative orientation with at least 2 years of relevant experience. • Strong analytical and quantitative skills; • Ability to work flexibly on a range of assignments, and adjust to and prioritize a variety of complex evolving tasks. • Ability to effectively provide professional support to senior staff. • Ability to work effectively in a team-oriented, multi-cultural environment. • Strong interpersonal skills and ability to develop effective relations within and outside the Bank, and to promote collaboration within the team to meet unit objectives. • Familiarity with econometric packages (e.g., MATLAB, STATA) and spreadsheet models; experience in working with Indian macroeconomic data and writing macroeconomic research reports would be an added advantage. • Willingness to undertake frequent travel in India. Work experience in a research institution or like organizations, while desirable, is not mandatory. Required Competencies: • Delivers Results for Clients; Sets challenging goals that align with the organization mission and is always looking to improve; Understands clients’ most pressing challenges and contributes to solutions; and takes personal responsibility for producing high quality work, identifying and informing of risks, and delivering results for clients. • Collaborates Within Teams and Across Boundaries Keeps others fully informed to ensure integration and work consistency and displays a sense of mutuality and respect; Approaches conflicts as common problems to be solved; Seeks and listens to input from others to inform own decision making and openly shares information; and frames thinking/actions with a WBG corporate perspective in mind. • Leads and Innovates Applies critical thinking to current approaches, identifies areas for improvement, and tries new solutions that drive results; Considers own behavior in context of organization’s values and mission and recognizes impact one has on others; and Operates in fluid and changing environments and supports others to do the same. • Creates, Applies and Shares Knowledge Contributes to the department’s and organization’s body of knowledge by applying lessons learned and expertise; Actively invests in own knowledge and seeks feedback; and Builds personal and professional networks within and beyond the work group. • Makes Smart Decisions Seeks and analyzes facts, data and lessons of past experience to support sound, logical decisions regarding own and others’ work; Applies cost/benefit analysis to meet work program objectives; Contributes to decision making by providing relevant risk-analysis; and Shows initiative when necessary, and makes decisions in a timely manner within own area of responsibility. The World Bank Group is committed to achieving diversity in race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply. Interested candidates should send at least two references and a detailed curriculum vitae, which details their qualifications and experience.