Sr Financial Sector Spec - WORLD BANK
The Financial Market Integrity (FPDFI) unit of the Financial and Private Sector Development Network of the World Bank (FPD) is an integral part of the Bank’s on-going global sectoral work on governance and financial sector development. The integrity and sound functioning of financial systems are key to good governance, financial stability, and economic development. In that context, FPDFI leads the Bank’s mandated efforts to respond to client countries’ (clients) requests for assistance in establishing effective regimes for anti-money laundering (AML) and combating the financing of terrorism (CFT). Using AML tools is also essential to address criminal activities negatively impacting development.
FPDFI resources are dedicated to assessing country compliance with international AML/CFT standards, to providing technical assistance, and to strengthening clients’ legal framework, regulatory and supervisory institutions, and institutional infrastructure. They are also very active in policy development work on AML/CFT and anti-corruption.
The FPDFI activities include:
(i) Disseminating international best practices on AML/CFT, especially in developing countries;
(ii) Providing technical assistance in response to client requests;
(iii) Undertaking research and policy development work on AML/CFT issues;
(iv) Collaborating with World Bank regional and country units who are responsible for financial sector country programs and improving governance;
(v) Developing close dialogues with other organizations including international standard setting bodies [e.g., Financial Action Task Force (FATF), Basle Committee, International Organization of Securities Commission (IOSCO), International Association of Insurance Supervisors (IAIS), the Egmont Group, etc.] and other organizations such as the International Monetary Fund (IMF), the UN, multilateral development banks (MDBs) and FATF-style Regional Bodies (FSRBs); and
(vi) Participating in assessment missions of AML/CFT as part of the Bank’s Financial Sector Assessment Program or on a stand-alone basis.
FPDFI also works directly on the StAR (Stolen Asset Recovery) Initiative, which is jointly overseen by United Nations Office on Drugs and Crime (UNODC) and World Bank. FPDFI’s contributions include both country specific work and preparation of knowledge products on the repatriation of stolen assets.
FPDFI is seeking a Sr. Financial Sector Specialist with experience on these various fields, with a preference for legal background, to assume a key role in its dialogue with its clients and with relevant external organizations in order to facilitate the design and implementation of more effective AML/CFT regimes.
The Sr. Financial Sector Specialist will report to the Manager of FPDFI.
The Sr. Financial Sector Specialist will play a critical role in contributing to the design and implementation of World Bank policies in all AML/CFT related activities. He/she will:
• Contribute to the creation and implementation of World Bank strategy for the provision of AML/CFT assistance to client countries;
• Advise clients on developing and enhancing AML/CFT compliance policies and programs, with a special emphasis on the legal and law enforcement aspects;
• Assist in the creation and delivery of technical assistance and capacity building programs with respect to improving AML/CFT measures to clients including officials who are responsible for relevant policy, regulatory, and implementation and enforcement issues;
• Liaise institutionally with World Bank staff to help clients develop and implement AML/CFT policies;
• Participate in the implementation of the StAR initiative – either through country work or the preparation of knowledge product – with a particular focus on effective tools for mutual legal assistance related to asset recovery;
• Liaise with international bodies which deal with anti-money laundering and anti-terrorist financing programs and activities such as the IMF, FATF, FSRBs, the Egmont Group, UNODC, multilateral development banks, central banks, government agencies, commercial banks, and other counterpart organizations; and
• Participate in Financial Sector Assessment Program (FSAP) or Report on Standards and Codes (ROSC) missions.
• A Masters degree in the relevant fields. Qualifications and experience in the legal profession is preferred.
• Minimum 8 years working experience on AML/CFT or relevant related issues. Field-based AML/CFT experience desirable would be a plus.
• In-depth knowledge on AML/CFT, asset recovery and of AML/CFT typology/cases;
• In-depth knowledge of strategies and policies undertaken by the international community, including FATF, FSRBs, IMF, MDBs, UNODC, and Egmont Group in the fight against money laundering and terrorist financing as well as the links between AML/CFT and anti-corruption;
• Ability to provide advice to officials in Client Countries irrespective of their Legal traditions and regimes, including through exposure to, and understanding of, both common and civil law systems, and;
• Proven ability to review and provide comments on legal, regulatory and policy documents.
• Ability to work as a team member under strict-time constraints.
• Willingness to travel frequently, including participating in-the-field missions within multi-disciplinary WB/IMF teams.
• Experience providing training on AML/CFT or related issues.
• Proven public speaking experience, for instance in international forums.
• Excellent communication skills in English. Fluency in Spanish or at least one other major international language (e.g. French, Arabic, Chinese) is highly desirable.
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.
FPDFI resources are dedicated to assessing country compliance with international AML/CFT standards, to providing technical assistance, and to strengthening clients’ legal framework, regulatory and supervisory institutions, and institutional infrastructure. They are also very active in policy development work on AML/CFT and anti-corruption.
The FPDFI activities include:
(i) Disseminating international best practices on AML/CFT, especially in developing countries;
(ii) Providing technical assistance in response to client requests;
(iii) Undertaking research and policy development work on AML/CFT issues;
(iv) Collaborating with World Bank regional and country units who are responsible for financial sector country programs and improving governance;
(v) Developing close dialogues with other organizations including international standard setting bodies [e.g., Financial Action Task Force (FATF), Basle Committee, International Organization of Securities Commission (IOSCO), International Association of Insurance Supervisors (IAIS), the Egmont Group, etc.] and other organizations such as the International Monetary Fund (IMF), the UN, multilateral development banks (MDBs) and FATF-style Regional Bodies (FSRBs); and
(vi) Participating in assessment missions of AML/CFT as part of the Bank’s Financial Sector Assessment Program or on a stand-alone basis.
FPDFI also works directly on the StAR (Stolen Asset Recovery) Initiative, which is jointly overseen by United Nations Office on Drugs and Crime (UNODC) and World Bank. FPDFI’s contributions include both country specific work and preparation of knowledge products on the repatriation of stolen assets.
FPDFI is seeking a Sr. Financial Sector Specialist with experience on these various fields, with a preference for legal background, to assume a key role in its dialogue with its clients and with relevant external organizations in order to facilitate the design and implementation of more effective AML/CFT regimes.
The Sr. Financial Sector Specialist will report to the Manager of FPDFI.
The Sr. Financial Sector Specialist will play a critical role in contributing to the design and implementation of World Bank policies in all AML/CFT related activities. He/she will:
• Contribute to the creation and implementation of World Bank strategy for the provision of AML/CFT assistance to client countries;
• Advise clients on developing and enhancing AML/CFT compliance policies and programs, with a special emphasis on the legal and law enforcement aspects;
• Assist in the creation and delivery of technical assistance and capacity building programs with respect to improving AML/CFT measures to clients including officials who are responsible for relevant policy, regulatory, and implementation and enforcement issues;
• Liaise institutionally with World Bank staff to help clients develop and implement AML/CFT policies;
• Participate in the implementation of the StAR initiative – either through country work or the preparation of knowledge product – with a particular focus on effective tools for mutual legal assistance related to asset recovery;
• Liaise with international bodies which deal with anti-money laundering and anti-terrorist financing programs and activities such as the IMF, FATF, FSRBs, the Egmont Group, UNODC, multilateral development banks, central banks, government agencies, commercial banks, and other counterpart organizations; and
• Participate in Financial Sector Assessment Program (FSAP) or Report on Standards and Codes (ROSC) missions.
• A Masters degree in the relevant fields. Qualifications and experience in the legal profession is preferred.
• Minimum 8 years working experience on AML/CFT or relevant related issues. Field-based AML/CFT experience desirable would be a plus.
• In-depth knowledge on AML/CFT, asset recovery and of AML/CFT typology/cases;
• In-depth knowledge of strategies and policies undertaken by the international community, including FATF, FSRBs, IMF, MDBs, UNODC, and Egmont Group in the fight against money laundering and terrorist financing as well as the links between AML/CFT and anti-corruption;
• Ability to provide advice to officials in Client Countries irrespective of their Legal traditions and regimes, including through exposure to, and understanding of, both common and civil law systems, and;
• Proven ability to review and provide comments on legal, regulatory and policy documents.
• Ability to work as a team member under strict-time constraints.
• Willingness to travel frequently, including participating in-the-field missions within multi-disciplinary WB/IMF teams.
• Experience providing training on AML/CFT or related issues.
• Proven public speaking experience, for instance in international forums.
• Excellent communication skills in English. Fluency in Spanish or at least one other major international language (e.g. French, Arabic, Chinese) is highly desirable.
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.
| 110206 | Sr Financial Sector Spec. | Financial Sector | International Hire | Washington, DC | 15-Feb-2011 |
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