Do you want to build a career that is truly worthwhile? The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities where they are needed most. Visit www.ifc.org
IFC has embarked on an ambitious new strategy to stimulate more investment activity, especially in Low Income Countries and Fragile and Conflict-affected States. This new strategy aims at creating our own opportunities for private investments in riskier markets by proactively working in these countries to create, deepen, and expand the markets.
The Creating Markets strategy requires taking a systematic approach to understanding the regulatory and sectoral bottlenecks to market development, and addressing those constraints through a closer collaboration with sister institutions of the World Bank Group (WBG) including the World Bank and the Multilateral Investment Guarantee Agency (MIGA), in order to identify and prioritize policy reforms, and operations at the country and sector level.
IFC’s Infrastructure and Natural Resources Department (INR), a priority department that delivers financial and technical support to clients in the power, transport, telecoms, municipal & environmental infrastructure, oil and gas, and mining sectors,has created a Global Upstream Unit (GUU) to drive the upstream mandate to incubate opportunities, focus resources, and coordinate initiatives across IFC and the WBG to create new markets. Ultimately, the unit aims to create a multiyear pipeline of bankable programs / projects.
IFC is seeking an Operations Officer to join the Global Upstream Unit based in Washington, D.C. S/he will report to the Global INR Upstream Senior Manager.
Role and Responsibilities
- Work with Platform Leads and Global Sector Units to foster relationships with key internal stakeholders, including WB, Climate, Blended Finance, Partnerships, etc. related to IFC’s Upstream initiative.
- Work with regional colleagues to map and track Upstream infrastructure opportunities across emerging markets taking into account legal, regulatory, political and economic considerations.
- Coordinate with WB on advisory work related to regulatory frameworks and improving the enabling environment for IFC’s engagements within countries and across countries.
- Work with IFC’s INR Global Sector Units and regional Upstream Leads and maintain regular communication with different WB GPs, representing Upstream at various IFC and WB events. Arrange related discussions and research to help advance Upstream initiatives.
- Drawing on client demands and IFC’s areas of expertise, proactively support the development & roll-out of “advisory products”, working closely with Global Sector Units.
- Donor Relations and Fundraising:
- Coordinate Global and Regional Upstream advisory pipelines and budgets.
- Organize regional Upstream project review meetings and supporting documents to facilitate cross regional learning.
- Lead drafting of donor and project supervision reports for the Upstream unit and support drafting and provide inputs into the donor project supervision reports for other units; ensure compliance with donor and IFC portfolio reporting requirements and consistency in reporting across INR Upstream engagements, including AIMM (development impact indicator) as needed.
- Manage monitoring and evaluation of INR Upstream engagements, ensuring results are properly tracked and supporting materials properly filed; ensure compliance with eventual IEG evaluations.
- Support development of a fundraising strategy and donor outreach.
- Work with the Blended Finance team, Climate Investment Funds and other multi-donor trust funds to identify and secure funds for INR Upstream projects.
- Transformational Project Facilitation
- Support sourcing of projects and initiatives by engaging with senior officials in WBG, governments, other development organizations, and the private sector and by uncovering needs through strategic analysis, including country strategies and CPSDs.
- Sector Engagement
- Support the identification of needed market and regulatory reforms and design of sector interventions to create enabling environments in new markets.
- Provide input to the development of IFC’s country strategy and provide substantive input to country diagnostics and WBG strategy documents.
- Regional coordination with the WB and external stakeholders:
- Support integration and coordination efforts across regions, connecting global and regional teams, ensuing solutions and knowledge flow across the World Bank Group, and helping achieve Upstream strategic priorities.
- Seamlessly work with Global Sector Units to jointly identify priority countries, support downstream investments and promote private sector participation.
- Support joint WB-IFC initiatives;
- Leverage the World Bank’s lending program to support reforms critical for opening private sector opportunities.
- Support relationship management with partners and manage relationship with relevant stakeholders, including other DFIs.
- Knowledge sharing and training
- Organize formal and informal knowledge sessions, workshops and events.
- Support knowledge dissemination and experience to support adoption of new approaches and best practices.
- Prepare knowledge sharing materials (e.g. talking points, power point presentations, internal strategy documents, etc.).
- Design, review and provide quality control to sector analysis prepared by Investment Officers and Operations Officers in the regions and third-party consultants retained by the WBG.
- Create and maintain relevant databases and organize external and internal sector reports and presentations.
- Resource management
- Supervise assigned consultants.
- Ensure quality control of work products.
- Ensure efficient and effective use of resources.
Be involved in department’s business development, processing and portfolio activities, as needed
- Master's degree or equivalent professional qualification in Business, Economics, Public Policy, International Relations, or related discipline;
- Minimum of 8 years of relevant professional experience in development finance;
- Advisory work on investment structuring and/or consulting experience in emerging markets is a must;
- Commitment to the World Bank Group and IFC's mission, strategy and values.
- Good understanding of and practical experience in promotion of the global development agenda, including activities of the WB, other DFIs and donors.
- General Economic Knowledge and Analytical Skills - Possesses Cross country knowledge in economic specialty and demonstrates ability to link the macro, institutional, and micro-level behaviors; able to support findings/policy recommendations with credible analysis and tools. Finance skills considered an advantage.
- Knowledge and Experience in Development Arena – Translates technical and cross-country knowledge into practical applications and contributions to country and sector strategies; interacts with multiple stakeholders.
- Integrative Skills - Understands relevant cross-sectoral areas how they are interrelated; able to undertake cross-sectoral work in lending and non-lending operations.
- Excellent Written and Verbal Communication - Demonstrates the ability to influence and persuade others to accept ideas and suggestions (such as counterparts in government, international partner organizations, academia, and Bank colleagues, senior staff and managers).
- Experience working across boundaries within and outside the World Bank Group and ability to work across regions, sectors and business lines.
- Track record of engaging with client companies, shareholders, and government officials to encourage pioneering business and market development. Experience working with PPPs or project development a distinct advantage.
- Excellent people management skills and openness to feedback, new ideas, and ability to guide and incentivize staff to find solutions to problems.
- Strong capacity to innovate and challenge the status quo to build the business.
- Ability to mentor and coach junior staff, share experiences and ensure quality across INR Upstream activities.
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