Associate Investment Officer – Financial Institutions Group

Contract

This is a World Bank Group grade: GF contract. More about World Bank Group grade: GF contracts.

Associate Investment Officer – Financial Institutions Group

Description

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

The Financial Institutions Group (FIG) is one of the major industry groups at IFC, responsible for managing roughly 40% of IFC’s overall business in terms of volume and capital at risk. FIG’s strategy and implementation work focuses on 3 main pillars: (i) increase financial access and inclusion; (ii) scale sustainability and climate finance; and (iii) make financial systems more efficient, resilient, and sophisticated. FIG engages in a wide range of priority areas including Financial Inclusion, Digitization, Climate, Housing, Distressed Assets, and Trade Finance, to which it offers investment and advisory services through banks, non-bank financial institutions, Fintechs and other digital channels, and the capital markets.

IFC's priorities in FIG as an industry group are: (i) grow investment and advisory solutions in all regions it operates in, while achieving strong profitability and development impact (ii) build new and nurture existing client relationships to make IFC the preferred partner for key clients (iii) manage portfolio of assets for strong profitability and impact; (iv) support local companies, while improving transparency and corporate governance; (v) catalyze foreign investment, including mobilizing B loans, parallel loans, and other forms of capital mobilization; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players; (viii) develop client, sector and country-level solutions through upstream and downstream interventions that can be scaled and replicated; and (ix) be a thought leader and innovator of products and client solutions globally.

IFC is looking for associate investment officers to support its key sectors of focus in its priority strategic areas in FIG. The selected AIOs will complement the existing cadre of Investment Officers and specialists who deliver on FIG’s strategy through Innovation of new debt and equity products and execution of new investments. These include Financial Inclusion, Digitization and Fintech, and capital markets and housing, amongst others. The position(s) will report to the Chief Investment Officers and Managers responsible for the relevant units in the Financial Institutions Group and will be based in Washington DC. Prior experience in the FIG strategic sectors of focus will be a relevant factor in the work program of the selected candidate.

Roles & Responsibilities:

The Associate Investment Officer will have a wide range of evolving responsibilities in line with strategic priorities of FIG. The selected candidate will also participate and support the research, and knowledge management agenda of the FIG in the relevant sector. Anticipated scope of duties and responsibilities includes the following:

• Work with senior global and regional leads to develop a strong pipeline of good quality and innovative and more complex investment opportunities.

• Build and maintain strong relationships with clients, global and regional private businesses, and industry players to develop specific investment opportunities.

• Participate in or lead in execution of transactions and negotiations for globally led transactions as appropriate; use advanced financial competencies and personal influencing skills to overcome impasses and lead negotiations to a successful outcome.

• As part of a transaction team, lead commercial due diligence, financial analysis, and preparation of Investment Review and Committee meeting books and materials.

• Collaborate within team and with the regional teams to develop global and regional sector strategies and support related promotion work.

• Share knowledge of FIG strategic sectors with the FIG regional teams.

• Assist in other project or strategy related activities, as the need may arise.

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

The Financial Institutions Group (FIG) is one of the major industry groups at IFC, responsible for managing roughly 40% of IFC’s overall business in terms of volume and capital at risk. FIG’s strategy and implementation work focuses on 3 main pillars: (i) increase financial access and inclusion; (ii) scale sustainability and climate finance; and (iii) make financial systems more efficient, resilient, and sophisticated. FIG engages in a wide range of priority areas including Financial Inclusion, Digitization, Climate, Housing, Distressed Assets, and Trade Finance, to which it offers investment and advisory services through banks, non-bank financial institutions, Fintechs and other digital channels, and the capital markets.

IFC's priorities in FIG as an industry group are: (i) grow investment and advisory solutions in all regions it operates in, while achieving strong profitability and development impact (ii) build new and nurture existing client relationships to make IFC the preferred partner for key clients (iii) manage portfolio of assets for strong profitability and impact; (iv) support local companies, while improving transparency and corporate governance; (v) catalyze foreign investment, including mobilizing B loans, parallel loans, and other forms of capital mobilization; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players; (viii) develop client, sector and country-level solutions through upstream and downstream interventions that can be scaled and replicated; and (ix) be a thought leader and innovator of products and client solutions globally.

IFC is looking for associate investment officers to support its key sectors of focus in its priority strategic areas in FIG. The selected AIOs will complement the existing cadre of Investment Officers and specialists who deliver on FIG’s strategy through Innovation of new debt and equity products and execution of new investments. These include Financial Inclusion, Digitization and Fintech, and capital markets and housing, amongst others. The position(s) will report to the Chief Investment Officers and Managers responsible for the relevant units in the Financial Institutions Group and will be based in Washington DC. Prior experience in the FIG strategic sectors of focus will be a relevant factor in the work program of the selected candidate.

Selection Criteria

• Master's degree in finance, economics, or other related areas. Candidates with MBA, CPA would have an advantage.

• Minimum five years of relevant experience in emerging markets investment related areas to include debt and equity.

• Understanding of sector drivers, business, and market development cycles, and how business performance and long-term competitiveness and viability are measured within a sector and how sector dynamics may evolve within a country or region.

• Proven analytical, financial analysis, equity valuation, and financial modeling skills to analyze and form conclusions on company financial information or projects and industry indicators. Strong credit skills and excellent business judgment.

• Ability to oversee and provide quality control feedback on financial models prepared by analysts.

• Capacity to build productive and mutually beneficial relationships and networks internally and externally to identify business opportunities, discuss structuring alternatives, and resolve issues.

• Commitment to sustainable development.

• Original thinking / quick learning abilities with strong initiative and drive, as well as attention to details.

• Good team player with strong interpersonal skills, and commitment to work in a respectful, team oriented and multi-cultural environment.

• Excellent oral and written presentation skills in English are required, additional major language desirable. (French, Spanish)

• Willingness to travel.

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.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.