The World Bank

World Bank in Washington, United States

Senior Economist, Energy

Job #: req18209

Organization: World Bank

Sector: Economics

Grade: GG

Term Duration: 3 years 0 months

Recruitment Type: International Recruitment

Location: Washington, DC,United States

Required Language(s): Preferred Language(s): Closing Date: 8/15/2022 (MM/DD/YYYY) at 11:59pm UTC


Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. In fiscal year 2018, the WBG committed $67 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $24 billion was concessional finance to its poorest members. It is governed by 188-member countries and delivers services out of 120 offices with nearly 15,000 staff located globally. The WBG consists of five specialized institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). The World Bank is organized into six client-facing Regional Vice-Presidencies, several corporate functions and thirteen Global Practices to bring best-in-class knowledge and solutions to regional and country clients. EPGDR. The Prospects Group of the Equitable Growth, Finance and Institutions Vice-Presidency (EPGDR) provides timely analysis on global economic and financial developments, and their impact on the member countries of the WBG. Internally, it informs and helps define policy positions of the WBG and provides technical support for WBG operations. Externally, EPGDR aims to influence global policy debates on major macroeconomic and development issues. In fulfilling this objective, EPGDR leads the WBG’s monitoring, analyzing, and forecasting work in global macroeconomics. It produces topical and policy-oriented analytical work, including the semi-annual WBG corporate flagship Global Economic Prospects report and the semi-annual Commodity Markets Outlook report. In addition, EPGDR produces a wide range of analytical studies that appear as working papers, policy notes, and research publications in scientific journals, conference volumes, and book chapters. Position. The Prospects Group is looking for a Senior Economist with specific expertise in energy markets, as well as excellent analytical and writing skills, to work and contribute to its main tasks and product lines.

  • High-quality research on topical commodity market issues, including energy markets, that are of immediate concern to policymakers in emerging market and developing economies;
  • Analytical contributions to EPGDR products, including the Commodity Markets Outlook report, as well as the Global Economic Prospects report;
  • Energy market surveillance, including monitoring and forecasting crude oil, coal, and natural gas prices as well as developments in renewable energy, analysis of energy market fundamentals, and contributions to the formulation of the Bank’s views on global energy markets;
  • The preparation of commodity-related briefs for senior management on issues that affect the operations of the Bank and its clients;
  • Development and maintenance of a suite of econometric models to forecast commodity prices and analyze the links between commodities and the global economy and emerging market and developing economies. The Senior Economist will be expected to deliver under tight and frequent deadlines in a fast-paced environment. S/he will work closely with a team of talented economists, under the guidance of EPGDR management. In addition to the contributions to EPGDR, the Senior Economist will be expected to devote a fraction of his/her time to contribute to the work of other World Bank Group units.

Selection Criteria

  • Master’s degree required with eight years of relevant professional experience; Ph.D. preferred.
  • Expertise in energy economics, including a strong understanding of the links between energy markets and the real economy.

  • Strong economic skills with an eye for policy implications of technical analysis and modeling applications.
  • Record of high-quality policy-oriented research publications, and experience with quantitative economic analysis and modeling techniques.
  • Demonstrated ability to write and contribute to policy publications and to develop policy implications from economic analysis and modeling.
  • Outstanding drafting skills.
  • Excellent communication and interpersonal skills and demonstrated ability to collaborate effectively with colleagues in a multi-cultural team.
  • Ability to operate effectively in a fast-paced, deadline-driven environment.

Required Competencies:

  • General Economic Knowledge and Analytical Skills — Possesses a demonstrated track record of working with economic and sectoral data and analytical tools and models to conduct economic analyses and produce user-friendly written outputs.
  • Research Temperament/Intellectual Curiosity — Has demonstrated an aptitude for research through academic studies.
  • Written and Verbal Communication — Delivers information effectively, including an ability to identify topical policy issues and articulate policy analysis. Experience as policy economist.
  • Deliver Results for Clients — Proactively addresses clients’ stated and unstated needs.

World Bank Group Core 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.

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Tags: commodities, commodity markets, commodity prices, econometric models, economic analysis, economist, international finance, investment disputes, macroeconomics, natural gas, parental leave, reconstruction, renewable energy