About the Role
The World Bank Group is a unique global partnership dedicated to ending extreme poverty and promoting sustainable development. The Prosperity Vice Presidency focuses on delivering public and private sector solutions to clients, while the Financial Services Sector (FSS) Global Department addresses financial resilience, inclusion, capital markets, and disaster risk finance. The Disaster Risk Finance (DRF) Unit within FSS1 aims to strengthen financial resilience to disaster shocks through technical assistance, analytical work, and advisory support. This role will provide senior-level technical advice and engagement support for the Unit’s work program on DRFI, insurance market development, and risk modeling.
Responsibilities
- Lead the delivery of disaster risk finance instruments and mechanisms in countries, including sovereign risk transfer products, contingent financing facilities, disaster reserve funds, and risk-based public financial management frameworks.
- Provide actuarial and quantitative analysis to support client engagement, policy dialogue, and internal decision-making.
- Review and quality-assure technical outputs prepared by others, including diagnostic reports, strategy documents, financial models, and presentations.
- Curate and share knowledge on insurance market development, including global trends, insurance technology, and financial innovations.
- Collaborate with internal stakeholders such as IFC, MIGA, Treasury, and external stakeholders, including the Insurance Development Forum (IDF).
- Represent the CDRFI team in stakeholder consultations, interagency coordination forums, workshops, and donor dialogues.
- Perform other duties and tasks assigned by the Unit Manager.
Requirements
- Master’s degree or higher in actuarial science, economics, finance, public policy, or a closely related quantitative or development field.
- At least 12 years of relevant professional experience in disaster risk financing, sovereign risk advisory, catastrophe risk analysis, or closely related fields.
- Direct experience supporting governments in developing countries on risk financing programs.
- Strong knowledge of DRF instruments and mechanisms.
- Quantitative and analytical skills, including catastrophe risk modeling or actuarial analysis, are an advantage.
- Demonstrated ability to engage senior government counterparts and lead substantive policy dialogue in a development context.
- Experience working in complex institutional environments, including multilateral development banks or comparable organizations, is valued.
- Strong analytical skills and a proven record of producing high-quality technical reports, policy documents, and advisory outputs.
- Excellent communication skills, with the ability to explain complex issues clearly and produce high-quality reports and studies.
- Proven ability to manage multiple tasks effectively, set priorities independently, and deliver agreed results.
- Self-starter with a high level of initiative.
- Strong interpersonal skills and demonstrated ability to work in teams, lead small teams, and foster collaboration across organizational boundaries.
- Commitment to the highest ethical standards.
- Fluency in written and spoken English.
Skills
- Disaster risk finance
- Insurance market development
- Risk modeling
- Sovereign risk transfer products
- Parametric insurance
- Catastrophe bonds
- Risk pooling arrangements
- Contingent financing facilities
- Disaster reserve funds
- Risk-based public financial management frameworks
- Actuarial analysis
- Quantitative analysis
- Catastrophe risk modeling
- Policy dialogue
- Technical reports
- Policy documents
- Advisory outputs
- Communication skills
- Interpersonal skills
- Teamwork
- Leadership
- Collaboration
- Ethical standards
Location
- London, United Kingdom
Work Type
- Local Recruitment
- Frequent travel
Experience Level
- At least 12 years of relevant professional experience
Education Level
- Master’s degree or higher
About the Company
- 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 on a livable planet, increasing shared prosperity and promoting sustainable development.
- The WBG Prosperity Vice Presidency is responsible for getting the right public and private sector solutions to our operational teams and to our clients, and to produce scalable impact.
- The FSS Global Department is comprised of two directorates: FSS I covers financial resilience and integrity, financial inclusion, capital market development and disaster risk finance, while FSS II covers SME finance, Banking, Housing, Leasing and Insurance, as well as Sustainable Finance.
- The Disaster Risk Finance (DRF) team in FSS1 helps client governments strengthen financial resilience to disaster shocks.
- Through the Disaster Risk Financing and Insurance Program (DRFIP), the team delivers technical assistance, analytical work, and advisory support, drawing on the World Bank’s crisis preparedness and response toolkit and other financial instruments.
- It works closely with regional and country teams, government counterparts, private sector, development partners to design and implement solutions tailored to each country’s risk profile and institutional context.
- The DRF team also contributes to global efforts to close insurance protection gaps, including through engagement with the G7, G20, the International Association of Insurance Supervisors, and the Network for Greening the Financial System (NGFS), among others.
Equal Opportunity
- 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.
