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. This is a TOR for an STC to ETC conversion in the Global Insolvency Debt Resolution Program of the Financial Services Department. The Extended Term Consultant (Financial Sector Specialist) responsibilities will include: Support the Insolvency Debt Resolution Program including working with the senior team members of the Program to deliver advisory services and technical support to external clients and World Bank Group colleagues in the areas of corporate and personal insolvency, debt resolution, alternative dispute resolution, secured transactions, corporate debt restructuring and broader financial inclusion issues. This will include research, analytical deliverables, legal assessments and administrative tasks. Evaluate the legal infrastructure of financial sector regimes, including analyzing laws, regulations, registries, and institutions to identify weaknesses in Non-Performing Asset (NPA) resolution frameworks, including formulating reform recommendations for the respective clients. Provide support to the senior team members in the delivery of implementation work to build capacity amongst varied stakeholders in the field of restructuring and insolvency (e.g. financial institutions, courts and regulators) including in the development of stakeholder discussion fora, working groups and task force initiatives. This will require liaising with external partner organizations and developing joint initiatives. Conduct research including comparative research and undertake project-based analysis in the above technical areas to support senior team members. Support stakeholder and client workshops and training events in relation to workouts, creditor debt enforcement, and corporate and personal insolvency Manage multi-stakeholder relationships, including between government clients, financial institutions and Non-Bank Financial Institutions, business associations, and the private sector. Contribute to Knowledge Management initiatives, including through the development of benchmarking, diagnostic reports, implementation manuals, internal and external articles and publications that aim to capture global trends, practices, and lessons learned. Prepare PowerPoints, analytical research memoranda, marketing materials, communication strategies and related project documents in support of operational work. This position will involve extensive travel, including to low-income countries and fragile or conflict-affected states. This position could also provide opportunities to work across related World Bank engagements in areas like Digital Economy, financial inclusion, MSME finance, social protection, fintech and financial sector stability.
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