Research Analyst
World Bank (World Bank)
Close on 24 Aug 2020
Location: United States
Grade: GE, Entry Professional
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Job Description

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. For more information, visit www.worldbank.org

GLOBAL PRACTICES & CROSS-CUTTING SOLUTIONS AREAS

Established in 1944, the World Bank Group (WBG) is one of the world's largest sources of funding and knowledge for development solutions. 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).

In fiscal year 2017, the WBG committed more than $61 billion in loans, grants, equity investments, and guarantees to its members and private businesses. IBRD saw continued client demand for its services and made commitments totaling $22.6 billion. IDA, our fund for the poorest, provided $19.5 billion to support the countries most in need to face their toughest challenges. IFC and MIGA, our two institutions focused on private sector development, delivered about $19.3 billion in financing and issued $4.8 billion in guarantees correspondingly. The WBG is governed by 188 member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.

The global development community is at an auspicious turning point in history. Thanks to the success of the past few decades and favorable economic growth, developing countries now have an unprecedented opportunity to end extreme poverty within a generation. This is the vision of the WBG: to eradicate extreme poverty by reducing the number of people living on less than $1.90 a day to 3 percent by 2030, and promote shared prosperity by fostering the income growth of the bottom 40 percent in every country.

To achieve this vision, the WBG Board of Governors approved a strategy for the organization in 2013. This strategy leverages, for the first time, the combined strength of the WBG institutions and their unique ability to partner with the public and private sectors to deliver customized development solutions backed by finance, world class knowledge and convening services. The strategy has three components: (1) maximizing development impact by engaging country clients in identifying and tackling the most difficult development challenges; (2) promoting scaled-up partnerships that are strategically aligned with the goals; and (3) crowding in public and private resources, expertise and ideas.

The architecture underpinning the strategy and instrumental to its success is an operating model introduced in July 2014 based on fourteen Global Practices (GPs) five Cross-Cutting Solution Areas (CCSAs). Since July 1, 2015 these 14 GPs are organized under 3 Practice Group Vice Presidencies: Sustainable Development (SD); Economics, Finance and Institutions (EFI); and Human Development (HD).

Background & General Description :

The Macroeconomics, Debt and Modelling division of the World Bank’s Macroeconomics, Trade and Investment Global Practice is looking for a high-energy, quantitatively oriented macroeconomic modelling professional to work with its modelling team to assist more senior colleagues in creating macroeconomic and CGE models for developing country clients.
The group is responsible for developing and maintaining the Practice’s Macro-Fiscal model (MFMod), which includes country-level models for some 160+ countries as well as developing and implementing customized macroeconometric and CGE models for client countries.

Roles & Responsibility:

Under the supervision of a more senior economist, the successful applicant will be responsible for maintaining the existing MFMod system, coordinating with country economists to customize models, incorporating data revisions and expanding the scope of existing models to include more sectors.

Candidates should have a strong academic record (masters or better) in economics, a proven track-record building and maintaining datasets for macroeconometric and or CGE models. Deep knowledge of an econometric programming language such as R, Python, Stata, Eviews or GAMs / GEMPACK is essential. Knowledge of and experience with other computer languages such as C, C++, SQL and PHP while not essential would be an asset.

Candidates must be strong team players, and willing to work in Washington DC, where this activity is centered.

Selection Criteria

• Tasks and Workflow Management/Data Interpretation and Analysis - Ability to interpret and present statistical information including ability to work flexibly on a range of assignments, and adjust to and prioritize a variety of complex evolving tasks.

General Economic Knowledge and Analytical Skills - Possesses Cross-country knowledge in economic specialty and demonstrates ability to link the macro, institutional, and micro-level behaviors; able to support findings/policy recommendations with credible analysis and tools.

Knowledge and Experience in Development Arena - Translates technical and cross-country knowledge into practical applications and contributions to country and sector strategies; interacts with clients at the policy level.

Policy Dialogue Skills - Anticipates needs and requests in the field and conducts independent policy discussions with representatives of the government and non-government partners.

Integrative Skills - Understands relevant cross-sectoral areas how they are interrelated; able to undertake cross-sectoral work in lending and non-lending operations.

Macroeconomic skills and country economics experience – Able to translate technical analyses of macroeconomic, debt, trade, fiscal policy, and growth linkages into policy recommendations and cross-country lessons.

Deliver Results for Clients - Contributes to delivery of results for clients on complex issues.

Written and Verbal Communication - Ability to influence and persuade others to accept ideas and suggestions (such as counterparts in government, international partner organizations, academia, and Bank colleagues, senior staff and managers).

Collaborate Within Teams and Across Boundaries - Collaborate within team and across boundaries.

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.

Qualifications

• Solid knowledge of econometric and statistical analysis techniques and of related principles underlying Bank economic work and strong analytical and conceptual skills.

• Proven capacity to apply computer languages and software packages used for economic/financial research and analysis to resolve specific questions bringing to bear large data sets.

o Ability to write and maintain complex data management programs written in an economics programming language (notably EViews)

o Ability to use loops, logical expressions (if else clauses) and other programming techniques to transform and manipulate large scale data bases in a consistent and efficient manner

o Demonstrated mastery of software programs for economic analysis and database management.

• Data Collection and Management

o Strong understanding of the national accounts, balance of payments and government fiscal accounts

o Good macroeconomic understanding of the relationships between variables, both within and across accounting systems

o Excellent knowledge of the principal sources and retrieval systems of economic and social development data.

Other Selection Criteria

• Academic Training: Master’s in Economics or related field, and at least 2 years of relevant work experience required.

• 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.


Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.

About World Bank

With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.

World Bank's mission is to end extreme poverty by reducing the share of the global population that lives in extreme poverty to 3 percent by 2030, and to promote shared prosperity by increasing the incomes of the poorest 40 percent of people in every country.