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. Please visit www.worldbank.org.
PROSPERTITY VICE PRESIDENCY
The Prosperity Vice Presidency is one of the World Bank Group's five verticals, with a mandate that emphasizes "Growth, Finance, and Institutions for all." Our approach leverages data-driven analysis and combines expertise from both the public and private sectors, together with International Finance Corporation (IFC). The Prosperity Vice-Presidency supports clients in advancing evidence-based structural reforms to establish the foundations for inclusive and sustainable growth in the thematic areas of economic policy; financial sector resilience, access and deepening; private sector development, trade and competitiveness; and governance and public sector reform, including statistical capacity. Prosperity is comprised of five Global Departments.
ECONOMIC POLICY GLOBAL DEPARTMENT
The Economic Policy (EP) department comprises over 400 staff in regional and global units. The global department for this unit focuses on economic growth & jobs, macroeconomics and debt, and fiscal policies. Global departments play a key role in supporting the regional departments deliver best global knowledge and practices. More than half of the EP's regional staff is decentralized to the field working very closely with the country management units (CMUs) and in proximity to the clients. EP leads or participate in a wide variety of AAA and client advisory work requiring an integrative function that add to their core expertise. EP's professionals are responsible for the preparation and delivery of the majority of the Bank's Development Policy Operations using both IDA and IBRD.
The Jobs and Growth global department in Economic Policies GP is responsible for promoting policies to stimulate growth and foster high-quality jobs. The Economic modelling team withing the department has manages the World Bank’s main structural economic model MFMod and the Bank’s main CGE models MANAGE and ENVISAGE. The team develops customized versions of MFMod and MANAGE for the analysis of economic impacts of policies.
Responsibilities:
The Economic Modeling Team of the Jobs and Growth global department in Economic Policies GP is seeking to recruit a strong economic modeler with experience in modeling the impact of policy reforms using structural economic models such as MfMod, the World Bank's core economic modeling system, with a focus on labor markets and structural transformation. The economist will develop country specific economic models and train clients, mainly staff of Ministries of Finance, on the use, maintenance and modification of the model.
The successful candidate will leverage their experience in economic modeling to develop customized versions of the MFMod modelling, adapted to the policy questions at hand. S/he will have a strong understanding of the interactions between labor markets and the economy, especially modeling of the impacts of structural policy reforms on economic growth and jobs. A solid understanding of labor markets in developing economies and their interactions with the economy would be a big asset, notably as concerns informality and the process of structural change as a driver of development.
Selection Criteria
• An advanced degree in economics or data science with 3 or more years of experience working in a heavily automated data intensive economic analysis environment. • Experience writing code to estimate and simulate complex models. • An excellent track record of being responsive and innovative. • A solid understanding of the World Bank’s MFMod and MFMod- Stand Alone models, and the Eviews programming language would be an important advantage. • Experience developing and maintaining client-facing data and document systems. • Strong communications skills and experience teaching complex economic concepts to non-technical economists. • Ability to work flexibly, creatively and to multitask as the need arises. • A high degree of self-motivation, coupled with a commitment towards teamwork and knowledge sharing, especially across the World Bank Group.
This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.
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.
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.
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