WBG Manager, Capital Markets Development

Job #: req38816

Organization: World Bank Group

Sector: Financial Sector

Grade: GH

Term Duration: Open-Ended Staff (OPEN-OP)

Recruitment Type: International Recruitment

Location: Washington, DC, United States

Required Language(s): English

Preferred Language(s):

Closing Date: 10/30/2026 (MM/DD/YYYY) at 11:59pm UTC

At 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 www.worldbank.org

VPU Context:

The WBG Prosperity Vice Presidency leads the WBG’s key global engagements in support of: Growth and jobs (including supporting teams across the WBG on the jobs agenda); debt sustainability and debt management; improved domestic resource mobilization and expenditure efficiency; a resilient and inclusive financial sector; business-enabling policies and regulations; trade policy and facilitation; and transparent, effective, and accountable government institutions world-wide. The Vice Presidency also houses the group that examines the distributional/poverty impacts of all policies.

It is responsible for getting the right public and private sector solutions to our operational teams and to our clients, and to produce scalable impact. Its mandate is to deliver knowledge for impact to enable and support the WBG to achieve its goals in support of our mission and specifically: providing guidance on creating more and better jobs; supporting foundational infrastructure and human capital, a business-enabling policy environment, and private sector mobilization; focusing on agribusiness, healthcare, infrastructure, manufacturing, and tourism; and support and accelerate corporate targets and commitments. The VPU’s objectives in driving outcomes include replicating and scaling effective solutions, enhancing thought leadership and innovation, and delivering timely knowledge to client teams in the areas of its mandate.

Financial Services Sector I Department

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 FSS I Global Department is seeking a Practice Manager for the capital market unit (WKPCM). Reporting to the Director, the capital market practice manager will be based in Washington, DC, USA.

Duties and accountabilities:

• Provides thought leadership in developing, implementing, and scaling the World Bank capital market development program globally.
• Leads the World Bank capital market development work globally, including maintaining relevant global partnerships, working with the global standard setting bodies where relevant, conducting applied analysis/research on frontier issues, supporting the World Bank regional teams, and disseminating global knowledge.
• Oversees the JCAP flagship Joint Capital Market Program, coordinating closely with the IFC.
• Works closely with Global and Regional Directors, PMs, and teams in supporting analytics, advisory and lending projects at country and regional levels, by providing frontier, tailored, relevant and impactful technical inputs and quality reviews base on global experiences and best practices.
• Works in partnership with other PMs in the GP and with other GPs, as well as public and private stakeholders, to find tailored and holistic solutions that can accelerate the development of local capital markets in EMDEs and private capital mobilization.
• Drives and inspires technical excellence within the capital market team and the GP by creating an environment of learning and innovation that attracts and develops the best talent reflective of the diversity of our clients.
• Supports GP management in developing and implementing appropriate strategies for global staffing, deployment, talent, and performance management.
• Is effective in the communication to various audiences, including key stakeholders, clients, beneficiaries, public, internal, and external partners.

The PM will collaborate across technical, geographic and institutional boundaries to help design and deliver development solutions to a diverse range of clients, while supporting global knowledge flows that share knowledge and practical development experience with other countries, assuring that global lessons are reflected in the Bank-supported programs.

The PM is a member of FSS Leadership Team and coordinates closely with the other Prosperity Practice Managers, and the Regional Management Teams. The PM is also a member of the FCI Talent Board to oversee the strategic staffing, career development and deployment of GP staff across the Bank.

Selection Criteria

• A Master’s degree (Ph.D. preferred) in economics, finance, financial economics, with at least twelve (12) years of relevant professional experience.
• Strong technical knowledge and experience in one or more of the areas of long term finance (e.g. Capital markets development; institutional investors development, supervision and legal framework for insurance, pensions, investment funds; infrastructure finance; housing finance systems).
• Strong knowledge of – or meaningful past exposure to - the international financial architecture (Financial Stability Board, Standard Setting Bodies, G20, G7….)
• Excellent leadership and supervisory skills with established track record managing multi-location and virtual teams.
• Strong operational and development experience and in more than one world region of those relevant to these positions.
• Technical knowledge and experience in one or more of the areas described above is highly desirable, and solid managerial and influencing skills are at a premium for these positions.
• Demonstrated in-depth experience and track record of results and successfully working across practices, disciplinary and institutional boundaries.
• Strong sense of strategy, including ability to prioritize and exit some activities, track record in streamlining and rationalizing product offerings.
• Good partnership experience, including involving multiple stakeholders – both public and private – in building collaborative alliances for results.
• Experience in applying practice know-how and effective policy dialogue to achieve development results.
• Strong written and oral communication skills with proven experience in dealing with the media, external constituencies and expert groups, including at senior level, as well as influencing / “soft diplomacy” skills.

Note: 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.

As the World Bank Group continues to evolve, we value candidates who: Demonstrate the ability to collaborate effectively across teams, disciplines, cultures, and institutional boundaries. Responsibly leverage digital and AI-enabled tools to enhance productivity, learning, and decision-making. Bring experience working in fragile, conflict-affected, and violent (FCV) contexts and are encouraged to highlight relevant experience in their application materials, where applicable.

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.

World Bank Group Core Competencies

WBG Five Managerial Competencies

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.