E T Consultant

At the World Bank, a member of the World Bank Group (WBG), you’ll join a diverse, global community working across cultures, disciplines, and borders to address the world’s most pressing development challenges. With 1.2 billion young people reaching working age in the decade ahead, the challenge of job creation has never been greater. Through partnerships across 145 countries and more than 182 offices worldwide, we work with governments, private sector, development partners and other stakeholders to invest in people, strengthen markets, and deliver scalable, data-driven solutions that generate more and better jobs and improve lives. For more information, visit https://www.worldbank.org/en/who-we-are/ibrd East Asia and the Pacific (EAP) Region EAP is a large and diverse region, ranging from Small Island States of the Pacific to the Philippines and China! Despite substantial economic growth and poverty reduction, the EAP region faces huge development challenges. Growth has been uneven across and within countries, institutions still need strengthening, and most countries are heavily affected by climate change. The Bank plays a significant role on global public goods, including climate, biodiversity, water pollution, and health. The COVID pandemic, and more recently food and energy price increases are compounding the impact of the global economic slowdown. The World Bank Group is seen as a premier development institution in the Region, with a leadership role on analytical and advisory services as well as financing. East Asia and the Pacific Region: https://www.worldbank.org/en/region/ea Job duties and Accountability The Finance, Competitiveness, and Investment (FCI) Global Practice (GP) provides policy advice, analytical work, technical assistance, and lending related to financial and private-sector development. The Malaysia FCI program is delivered by a team of Senior Economists/Specialists based in Kuala Lumpur and involves a substantial set of analytical and advisory work that supports the World Bank Group’s financial and private sector policy dialogue in the country. Key areas of focus include financial inclusion, sustainability, firm productivity, competitiveness, and the business environment. The FCI program is also leading the implementation of the WBG Resiliance and Nature Finance Innovation Centre (RNFIC), which is a newly created WBG center of expertise to provide Malaysian counterparts advice on on finance innovation that supports the net-zero transition, climate resilience and nature-positive solutions in Malaysia and sharing Malaysian experience in other ASEAN countries. Two priorities shape its work: (a) risk analysis and management solutions that help financial institutions, firms and households strengthen economic and financial resilience, and (b) the financial instruments and enablers required to close climate and nature financing gaps. As a member of the EAP FCI team, reporting to the EEAF2 Practice Manager in Washington, D.C., and under the supervision of the FCI Senior Economists/Specialists in Malaysia, the candidate will primarily support the implementation of the work program of the RNFIC and related FCI sustainable finance program. Working jointly with the FCI Malaysia Team as well as the Country Management Unit and other GPs, the candidate is expected to play a leading role on work related to climate and nature risk analysis and management. Objective The objective of this assignment is to provide senior technical leadership and analysis to the RNFIC and Malaysia FCI programs in assessing and managing climate- and nature-related financial risks and advancing climate and nature finance. Working with Bank Negara Malaysia and other stakeholders, the assignment will generate rigorous analysis, translate findings into practical policy and supervisory advice, support the design of financing instruments and enabling policies, and strengthen institutional capacity in Malaysia and the wider ASEAN region. Duties and Responsibilities

• Lead designated technical workstreams on climate- and nature-related financial risks under the RNFIC and Malaysia FCI programs. Define analytical approaches, coordinate contributions from specialists across disciplines, develop work plans, and review the quality of outputs before delivery.
• Design and lead climate- and nature-related risk assessments, including stress tests and climate–macroeconomic analysis. In coordination with BNM where applicable, assess physical climate risks such as flooding and examine how biodiversity and ecosystem loss could affect the economy and financial sector.
• Translate analytical findings into policy advice for central banks, financial-sector authorities, and other client counterparts. Advise on approaches to risk management and, where relevant, implications for central bank policies, supervisory practices, and lending tools. Exercise independent judgment in addressing complex or sensitive technical and policy questions.
• Lead or provide senior technical advice on climate- and nature-finance initiatives, including the assessment of market opportunities, development of project pipelines, and design of financial instruments and enabling policies. This may include blended-finance approaches intended to mobilize additional capital.
• Design and deliver capacity-building activities on climate- and nature-related risk analysis, risk management, and finance in Malaysia and, as appropriate, across the ASEAN region. Represent the World Bank in relevant technical discussions, workshops, and stakeholder meetings.
• Direct and undertake economic, financial, and statistical analysis using appropriate models and tools, such as Stata and R. Apply AI-enabled analytical tools where suitable, ensure methods and findings are documented and reproducible, and communicate results through reports, dashboards, and presentations.
• Provide senior technical inputs to the broader Malaysia FCI program as needed, including advice on related financial-sector issues and contributions to cross-cutting analytical products. Expected Deliverables
• Technical work plans and completed outputs for the assigned climate- and nature-related financial risk workstreams, delivered to agreed standards and timelines.
• Climate- and nature-related risk assessments, stress-test results, and country-level reports, including clear explanations of methods, findings, limitations, and policy implications.
• Pipeline assessments, market studies, and proof-of-concept designs that inform the development of climate- and nature-finance instruments and related enabling policies.
• Policy notes, presentations, and capacity-building materials for client counterparts and World Bank country and regional teams.
• Technical documentation, reproducible analytical workflows, and, where relevant, dashboards or automated reporting products.