E T Consultant

Contract

This is a World Bank Group grade: EC1 contract. More about World Bank Group grade: EC1 contracts.

E T Consultant

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.

Private sector financial development is essential to the promotion of successful and sustainable economies in low- and middle-income countries around the world. Sound and efficient financial markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth. IFC’s goal is to prioritize investment in the financial sector because it promotes development in all other sectors.

The Financial Institutions Group (FIG) is one of three major industry groups at IFC, responsible for managing roughly 40% of IFC’s overall business in terms of volume and capital at risk. FIG engages in a wide range of sub-sectors including Gender, Microfinance, SME, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with investment, advisory, and upstream services delivered globally to IFC’s clients through IFC’s global network.

IFC’s Banking on Women (BOW) Business: The dynamic Banking on Women business in IFC’s Financial Institutions Group plays a catalyzing role to address the financing and capacity gaps faced by women and women-owned small and medium-sized enterprises (SMEs) in emerging markets. Through the BOW business, IFC provides the following services in emerging markets: (i) Invests in private sector financial institutions (including regional banking groups, local commercial banks, non-bank leasing and finance companies, etc.) with a range of instruments including debt, performance-based finance, equity, Gender Bonds and other capital markets instruments, and risk management products to increase financing to women-owned SMEs; (ii) Provides expertise and technical advisory services to banks and other financial institutions to develop and launch profitable, best-in-class financial services and nonfinancial service offerings for women customers; (iii) Generates actionable data about the business case for banks and other investors to increase access to finance for women by establishing a sound track record, and by generating global research, communication, and thought leadership; (iv) Develops partnerships with investors, donors, and banking networks to increase global investment in women-led businesses. More recently, the BOW business has expanded into FIG-Gender and partnered to launch and mainstream investments in women through not only SME finance, but also FIG’s additional core business areas, including housing finance, insurance, digital finance and FinTech, and capital markets.

Since the founding of the BOW business, IFC has invested, mobilized investment, and provided advisory expertise in over 200 financial institution projects in over 66 countries, with a cumulative committed IFC-BOW portfolio of over US$4 billion as at January 2023, dedicated to financing women-owned SMEs across Asia, Eastern Europe and Central Asia, the Middle East, Africa, and Latin America. The BOW business has launched important partnerships, including the Women’s Entrepreneurs Opportunity Facility (WEOF) with Goldman Sachs 10,000 Women, which was the first global facility dedicated to providing access to finance for women-owned SMEs. Additionally, IFC and BOW were among the first implementing partners for the Women Entrepreneurs Finance Initiative (We-Fi), a multi-donor, multi-party initiative to provide blended finance and support to increase access to finance and opportunities, and better business environments for women entrepreneurs.

Roles & Responsibilities:

The advertised position is for an Investment Analyst, Extended-Term Consultant, to deliver BOW’s dynamic investment program and build the global business line. The position will be based in the Washington, DC office, with travel possible. The selected candidate will serve the following primary roles:

• Data analytics: Use internal client data and publicly available data to create analytic and data visualization tools and collateral for the FIG-Gender business

• Data analytics: Lead and support the portfolio supervision of the FIG-Gender business line, including conducting an annual portfolio review of the investment and advisory service business, and monitoring of financial and impact indicators

• Data analytics and business case tools: Innovate, provide research and tools, and support the FIG-Gender team to establish the business case and marketing approach for one or more new FIG-Gender business areas to increase FIG’s investment portfolio in women and women-led businesses through the insurance industry, climate finance, value chain finance, housing finance, digital finance, capital markets, or other

• Investment and advisory support: Collaborate with global and regional colleagues to develop and deliver successful FIG-Gender projects in all IFC’s regions of operation; specifically, this work will entail developing pitchbooks in PowerPoint, data collection, analysis and visualization, and to a lesser extent, risk assessment, project structuring and processing, and team support on virtual and on-site appraisals of financial institution investments, legal negotiations, and commitment

• Blended finance support: Lead blended finance components of FIG-Gender transactions, including reporting, analysis, and facility coordination for 1-2 blended finance facilities, and collaborate and develop strong working relationships with IFC colleagues to successfully commit blended finance transactions with existing (We-Fi and WEOF) and new blended finance facilities.

Additional Roles & Responsibilities:

• Develop investment promotion collateral and pitchbooks, and marketing approaches globally, including targeting potential investors, clients, and promoting IFC's products and services

• Demonstrate a thorough understanding of banking, financial institutions, and related industry knowledge

• Demonstrate a thorough understanding of SME dynamics, business environments, challenges, and opportunities

• Assist in the development and execution of knowledge management and thought leadership products

• Build and maintain strong relationships with teammates, banking and multilateral partners, and World Bank Group colleagues to develop and deliver specific investment opportunities

• Provide regular support to regional industry teams and management in processing and developing regionally managed projects

• Support colleagues to evaluate, structure, negotiate, and close new transactions, with a focus on credit, asset quality, and impact (include processing mandates, due diligence, negotiating term sheets and other documentation, syndications, and board approval)

• Coordinate closely with social, environmental, advisory, and technical assistance colleagues to champion IFC’s value to our clients' businesses, find pragmatic solutions to specific sector challenges, and achieve sustainable development impact; and

• Assist in other project, business, or strategy-related activities as the need arises.

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.

Private sector financial development is essential to the promotion of successful and sustainable economies in low- and middle-income countries around the world. Sound and efficient financial markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth. IFC’s goal is to prioritize investment in the financial sector because it promotes development in all other sectors.

The Financial Institutions Group (FIG) is one of three major industry groups at IFC, responsible for managing roughly 40% of IFC’s overall business in terms of volume and capital at risk. FIG engages in a wide range of sub-sectors including Gender, Microfinance, SME, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with investment, advisory, and upstream services delivered globally to IFC’s clients through IFC’s global network.

IFC’s Banking on Women (BOW) Business: The dynamic Banking on Women business in IFC’s Financial Institutions Group plays a catalyzing role to address the financing and capacity gaps faced by women and women-owned small and medium-sized enterprises (SMEs) in emerging markets. Through the BOW business, IFC provides the following services in emerging markets: (i) Invests in private sector financial institutions (including regional banking groups, local commercial banks, non-bank leasing and finance companies, etc.) with a range of instruments including debt, performance-based finance, equity, Gender Bonds and other capital markets instruments, and risk management products to increase financing to women-owned SMEs; (ii) Provides expertise and technical advisory services to banks and other financial institutions to develop and launch profitable, best-in-class financial services and nonfinancial service offerings for women customers; (iii) Generates actionable data about the business case for banks and other investors to increase access to finance for women by establishing a sound track record, and by generating global research, communication, and thought leadership; (iv) Develops partnerships with investors, donors, and banking networks to increase global investment in women-led businesses. More recently, the BOW business has expanded into FIG-Gender and partnered to launch and mainstream investments in women through not only SME finance, but also FIG’s additional core business areas, including housing finance, insurance, digital finance and FinTech, and capital markets.

Since the founding of the BOW business, IFC has invested, mobilized investment, and provided advisory expertise in over 200 financial institution projects in over 66 countries, with a cumulative committed IFC-BOW portfolio of over US$4 billion as at January 2023, dedicated to financing women-owned SMEs across Asia, Eastern Europe and Central Asia, the Middle East, Africa, and Latin America. The BOW business has launched important partnerships, including the Women’s Entrepreneurs Opportunity Facility (WEOF) with Goldman Sachs 10,000 Women, which was the first global facility dedicated to providing access to finance for women-owned SMEs. Additionally, IFC and BOW were among the first implementing partners for the Women Entrepreneurs Finance Initiative (We-Fi), a multi-donor, multi-party initiative to provide blended finance and support to increase access to finance and opportunities, and better business environments for women entrepreneurs.

Selection Criteria

• Master’s degree in finance, economics, or other related areas; accreditation as a CFA or CPA is considered a plus

• Mastery of database management, data analysis, and data visualization a must, including charts, tables, pivot tables, and other data visualization tools (Excel, Power BI, etc.), as well as pitchbook development (PowerPoint)

• Minimum 4 years of experience in the financial sector, with evidence of growing expertise in banking and non-banking financial institutions and finance-related disciplines

• Strong skills in evaluation of risk and ability to anticipate short and long-term implications of decision; ability to make sound decisions and commit to decisions

• High degree of personal accountability; able to hold self and team accountable for outcomes

• Self-motivated and organized; ability to conceptualize, plan and manage deliverables with a global team, with minimal supervision

• Ability to interact directly and independently with the senior management of potential clients, of financial and technical partners as well as senior donor and government officials

• Ability to systematically share with others good practice and learning from lessons from across WBG, clients, and partners

• Excellent relationship management skills with proven track record of success in developing client relationships and execution of client engagements. Skilled in collaboration across boundaries and broadly, ability to bring differing ideas into the forefront

• Excellent verbal and written communication skills in English; with strong sales/ communications skills a plus

• Great team player, able to collaborate with, mentor, and learn from senior and junior staff

• Capacity to manage multiple priorities and deliver high quality work on schedule; facility to work successfully in multicultural teams and across boundaries

• Additional major language (written and verbal) such as French, Spanish, Chinese or Arabic is desired.

World Bank Group Core Competencies

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.

Note: The selected candidate will be offered a one-year appointment, renewable for an additional one year, at the discretion of the World Bank Group, and subject to a lifetime maximum ET Appointment of two years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their second-year ET appointment are not eligible for future ET appointments.