E T Consultant

Contract

This is a World Bank Group grade: EC2 contract. More about World Bank Group grade: EC2 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 2021, IFC committed a record $31.5 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 the COVID-19 pandemic. For more information, visit www.ifc.org.

IFC has embarked on an ambitious new strategy to stimulate more investment activity by Creating Markets, including in Low Income Countries and Fragile and Conflict Situations. This new strategy requires a shift in our approach to proactively create, deepen and expand markets and projects rather than waiting for clients to propose projects for IFC to finance. Working with clients, we will first seek private sector solutions to address development challenges, where such solutions are advisable and can be effective, and reserve public financing for projects only when other options are suboptimal. This strategy also relies on upstream work with Governments and the wider World Bank Group to enable private sector solutions and financing.

The Financial Institutions Group (FIG) is one of the major industry groups at IFC, works with 800 Financial Intermediaries ("FIs") which combined have over US$5 trillion in total assets in emerging markets ("EMs") and is 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 Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with both investment and advisory services delivered to IFC’s clients through IFC’s global network.

IFC's priorities in FIG as an industry group are: (i) grow investment and advisory solutions in the region, and achieve strong profitability and 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 and parallel loans; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players and (viii) develop client, sector and country-level solutions through upstream and downstream interventions that can be scaled and replicated; (ix) be a thought leader and innovator of products and client solutions globally.

Climate Business is one of the WBG’s strategic priorities. The WBG has set a target to increase its climate business to 35% of total financing commitments by 2025. For IFC to reach its climate goals, FIG has embarked on a strategy to significantly increase its climate business through financial institutions. FIG runs a global program to provide advisory services (AS) and investment services (IS) to FIs to scale up their financing of climate friendly projects. This program comprises of technical specialists as well as investment and advisory staff who work with IFC’s client FIs to build viable and scalable climate finance operations.

CFGCC, the FIG climate unit runs a global program to provide advisory and investment services to FIs to scale up their financing of climate friendly projects in EMs. This program draws on expertise across IFC's different industry and specialist groups, and leverages partnerships with various market players who support the promotion of climate smart investments and emission reduction. To support this work, the global FIG team has developed the Climate Assessment for Financial Institutions (CAFI) platform, used by partner Financial Institutions (FIs) to evaluate, monitor and report results for climate/green finance projects.

IFC is seeking a qualified ETC who will work with the FIG Climate global team to support data monitoring and reporting for all FIG climate investment and advisory projects through the CAFI tool. This will include interacting directly with FI clients both to ensure high quality data input and to identify client needs and design and implement suitable solutions. The ETC will report to the CAFI Project Lead, and work with a multidisciplinary team led by the Global Climate Head, Global Climate Industry Lead, and Regional FIG AS Managers and FIG Climate Industry Leads to assist staff to track, monitor, and report on the climate investment and advisory portfolios. S/he will also contribute towards sharing knowledge and best practices in the climate impact reporting space. The location for this position is yet to be determined. Specific responsibilities and qualification requirements are described below.

Duties & Responsibilities:

• Working with clients to collate climate/green M&E data for investment projects post-commitment or post-disbursement as well as advisory projects that are at implementation or post-implementation stages. The tasks include checking the data quality for its integrity and consistency within the CAFI Tool.

• With the support of the Project Lead and Regional Climate Industry Leads, preparing quarterly portfolio reports and sharing the reports within FIG to highlight achievement of KPIs related to CFGCC portfolio.

• Assisting the Project Lead and Regional Climate Industry Leads with portfolio data analysis and preparation of portfolio reviews, where relevant and applicable.

• Working directly with FI clients to ensure they have internal capacity to provide timely and accurate data to CAFI and providing ongoing technical support to clients (external or internal) to ensure CAFI data is correctly entered and validated in line with the methodology for sub-projects. This will include gauging whether FIs are properly using the tool, and what further support is required, including areas outside the specific remit of CAFI data input.

• Developing training materials and providing ongoing CAFI training and on-boarding of 'new' clients e.g., external (such as IFC investment and advisory clients, third party users, etc.) or internal (such as Portfolio Officers, Investment Officers, Investment Analysts, etc.).

• Together with the Project Lead, working closely with Climate Business Department to assess areas for improving and adjusting CAFI functionality, including developing new climate/green finance categories that will be added to the CAFI Tool on an ongoing basis.

• Supporting the communication activities, including producing presentation slide decks on the program/project strategy, progress briefing, pitchbooks, etc., as well as other knowledge products.

• Other duties as required.

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 2021, IFC committed a record $31.5 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 the COVID-19 pandemic. For more information, visit www.ifc.org.

IFC has embarked on an ambitious new strategy to stimulate more investment activity by Creating Markets, including in Low Income Countries and Fragile and Conflict Situations. This new strategy requires a shift in our approach to proactively create, deepen and expand markets and projects rather than waiting for clients to propose projects for IFC to finance. Working with clients, we will first seek private sector solutions to address development challenges, where such solutions are advisable and can be effective, and reserve public financing for projects only when other options are suboptimal. This strategy also relies on upstream work with Governments and the wider World Bank Group to enable private sector solutions and financing.

The Financial Institutions Group (FIG) is one of the major industry groups at IFC, works with 800 Financial Intermediaries ("FIs") which combined have over US$5 trillion in total assets in emerging markets ("EMs") and is 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 Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with both investment and advisory services delivered to IFC’s clients through IFC’s global network.

IFC's priorities in FIG as an industry group are: (i) grow investment and advisory solutions in the region, and achieve strong profitability and 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 and parallel loans; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players and (viii) develop client, sector and country-level solutions through upstream and downstream interventions that can be scaled and replicated; (ix) be a thought leader and innovator of products and client solutions globally.

Climate Business is one of the WBG’s strategic priorities. The WBG has set a target to increase its climate business to 35% of total financing commitments by 2025. For IFC to reach its climate goals, FIG has embarked on a strategy to significantly increase its climate business through financial institutions. FIG runs a global program to provide advisory services (AS) and investment services (IS) to FIs to scale up their financing of climate friendly projects. This program comprises of technical specialists as well as investment and advisory staff who work with IFC’s client FIs to build viable and scalable climate finance operations.

CFGCC, the FIG climate unit runs a global program to provide advisory and investment services to FIs to scale up their financing of climate friendly projects in EMs. This program draws on expertise across IFC's different industry and specialist groups, and leverages partnerships with various market players who support the promotion of climate smart investments and emission reduction. To support this work, the global FIG team has developed the Climate Assessment for Financial Institutions (CAFI) platform, used by partner Financial Institutions (FIs) to evaluate, monitor and report results for climate/green finance projects.

IFC is seeking a qualified ETC who will work with the FIG Climate global team to support data monitoring and reporting for all FIG climate investment and advisory projects through the CAFI tool. This will include interacting directly with FI clients both to ensure high quality data input and to identify client needs and design and implement suitable solutions. The ETC will report to the CAFI Project Lead, and work with a multidisciplinary team led by the Global Climate Head, Global Climate Industry Lead, and Regional FIG AS Managers and FIG Climate Industry Leads to assist staff to track, monitor, and report on the climate investment and advisory portfolios. S/he will also contribute towards sharing knowledge and best practices in the climate impact reporting space. The location for this position is yet to be determined. Specific responsibilities and qualification requirements are described below.

Selection Criteria

• A degree in relevant discipline with a good knowledge of Finance.

• As the role requires a knowledge of climate business space, and knowledge of financial intermediaries and their operations, the successful candidate should have a combination of educational qualifications & work experience that address these two areas.

• At least 5 years of work experience of which a minimum of 2-4 should be in climate finance, including the technical and financial aspects of energy efficiency and renewable energy projects and investments.

• Expertise/familiarity with metrics and tools for tracking climate investments, including GHG accounting tools.

• Awareness/familiarity with IFC Climate Definitions and Guidance Notes, Green Bond Principles.

• Sound understanding of financial structures used to finance climate friendly projects as well as how banks, insurance companies, capital markets.

• Good understanding of the perspective of private commercial banks, private equity, insurance companies and other financial intermediaries, including their business drivers, the scope of their operations, and their interests.

• Capacity to deal with conflicting priorities and deliver high quality work on schedule.

• Experience and proven ability to work as part of a team and with external clients, through technical competence and excellent interpersonal skills.

• Advanced user of MS Office applications (Word, Excel, PowerPoint).

• Experience in Asia, Central Asia and/or Europe would be preferred.

World Bank Group Core Competencies

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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.