(Associate) Syndications Officer

Contract

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

(Associate) Syndications Officer

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

International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, is one of the leading investors and lenders in emerging markets. The mission of IFC is to promote sustainable private sector investment in developing countries to reduce poverty and improve people’s lives. IFC finances private sector investments in the developing world, mobilizes capital in the international markets, helps clients improve social and environmental sustainability, and provides technical assistance to governments and businesses.

The Syndicated Loans and Management Department (“CSL”) is responsible for raising external funds for IFC clients through the B Loan program, Parallel Loans, Credit Insurance Policies (“CIP”), and the Managed Co-Lending Portfolio Program (“MCPP”). Our syndications partners are international and local commercial banks, Development Finance Institutions (“DFI”), funds and institutional investors. The Department is also responsible for the ongoing syndicated loan portfolio management engagements with third-party investors.

CSL is currently seeking an Associate Syndications Officer or Syndications Officer depending on qualifications and experience (collectively referred to as the “SO”), in the regional Syndications Asia Pacific team, based in Singapore. S/he will report to the Head Syndications Asia Pacific.

The SO will take primary responsibility for the syndication process on numerous projects with a fair degree of complexity, both on the new business and portfolio stages.

Responsibilities:

• Advise IFC project teams on deal structure and pricing; propose and discuss syndication strategy for individual syndications and develop list of prospective banks and other co-financiers. Conduct deal-specific market soundings, review company, economic and financial information for new transactions. • Lead the syndication process with international, regional and local commercial banks, DFIs, funds and institutional investors. Develop and maintain relationships with these investors, and identify investor behavior and needs and apply those to determine feasibility of syndications or impact on portfolio. • Prepare information memoranda, executive summaries and other reports for the bank market in collaboration with relevant Investment Department. Follow international lending markets and banking activities to understand and anticipate trends. Regularly and proactively share market information with IFC colleagues. • Play a material role in the documentation process for the syndicated financing, especially the communication with co-financiers. This can be a coordinating or a leading role depending on syndication products and the other financiers on the project. • Manage assigned syndicated loan portfolio by providing high-quality service to B Loan participants/parallel lenders/MCPP investors on ongoing project work (amendments, waivers, restructurings, information transmission on key developments, responding to inquiries). Ensure contractual responsibilities with B Loan participants/parallel lenders/MCPP investors are being met. • Support initiatives to grow the range of syndication co-financiers, develop new syndication products, or improve departmental processes. • Prepare reporting for various internal and external constituents. • On select activities cooperate with more junior staff and support their overall development.

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

International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, is one of the leading investors and lenders in emerging markets. The mission of IFC is to promote sustainable private sector investment in developing countries to reduce poverty and improve people’s lives. IFC finances private sector investments in the developing world, mobilizes capital in the international markets, helps clients improve social and environmental sustainability, and provides technical assistance to governments and businesses.

The Syndicated Loans and Management Department (“CSL”) is responsible for raising external funds for IFC clients through the B Loan program, Parallel Loans, Credit Insurance Policies (“CIP”), and the Managed Co-Lending Portfolio Program (“MCPP”). Our syndications partners are international and local commercial banks, Development Finance Institutions (“DFI”), funds and institutional investors. The Department is also responsible for the ongoing syndicated loan portfolio management engagements with third-party investors.

CSL is currently seeking an Associate Syndications Officer or Syndications Officer depending on qualifications and experience (collectively referred to as the “SO”), in the regional Syndications Asia Pacific team, based in Singapore. S/he will report to the Head Syndications Asia Pacific.

The SO will take primary responsibility for the syndication process on numerous projects with a fair degree of complexity, both on the new business and portfolio stages.

Responsibilities:

• Advise IFC project teams on deal structure and pricing; propose and discuss syndication strategy for individual syndications and develop list of prospective banks and other co-financiers. Conduct deal-specific market soundings, review company, economic and financial information for new transactions. • Lead the syndication process with international, regional and local commercial banks, DFIs, funds and institutional investors. Develop and maintain relationships with these investors, and identify investor behavior and needs and apply those to determine feasibility of syndications or impact on portfolio. • Prepare information memoranda, executive summaries and other reports for the bank market in collaboration with relevant Investment Department. Follow international lending markets and banking activities to understand and anticipate trends. Regularly and proactively share market information with IFC colleagues. • Play a material role in the documentation process for the syndicated financing, especially the communication with co-financiers. This can be a coordinating or a leading role depending on syndication products and the other financiers on the project. • Manage assigned syndicated loan portfolio by providing high-quality service to B Loan participants/parallel lenders/MCPP investors on ongoing project work (amendments, waivers, restructurings, information transmission on key developments, responding to inquiries). Ensure contractual responsibilities with B Loan participants/parallel lenders/MCPP investors are being met. • Support initiatives to grow the range of syndication co-financiers, develop new syndication products, or improve departmental processes. • Prepare reporting for various internal and external constituents. • On select activities cooperate with more junior staff and support their overall development.

Selection Criteria

• M.B.A. or equivalent master’s level degree in finance with at least 4-8 years of relevant work experience (or an equivalent combination of education and experience), preferably with a leading international bank or other financial institution in emerging markets, including broad exposure to the syndicated loan market both corporate finance and project finance, capital markets, and swaps. • Experience with loan documentation and credit issues for private sector companies and project financings in developing countries. • Experience with market intelligence research tools including Dealogic – Loan Analytics, Bloomberg and market publications and bookrunning platforms such as Debt Domain and Intralinks. • Excellent written, verbal communication and presentation skills to effectively influence the support and perception of clients/stakeholders. Ability to draft documents and reports that are concise, well-organized and appropriately focused on the most critical points that are relevant to the target audience. • Pro-active, resourceful, and self-motivated. • Demonstrated teamwork and collaborative behavior with ability and willingness to involve others in decision making and to seek guidance when appropriate, embracing diverse ideas and approaches while pro-actively sharing own perspectives. • Able to manage multiple tasks concurrently, prioritize effectively, willingness to cooperate in global organization with teams that are based worldwide which requires flexibility outside regular office hours.

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.