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 over 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, we invested $32.8 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org

IFC is looking to recruit a Country Manager responsible for the Andean Countries: Peru, Ecuador, and Bolivia. This position will be based in Lima, Peru.

The Country Manager will be critical in operationalizing IFC3.0 and our Creating Markets strategy and enabling the Cascade at the country level.  She/he will be responsible, in close collaboration with WBG counterparts, she/he will be responsible for developing operational country strategies and action plans and driving their implementation. The Country Manager will oversee an
outstanding portfolio of approximately US$1.1 billion. This cluster of countries generates annual investment commitments of around US$600 million (including mobilization) and includes an active Upstream and Advisory Services program. The prospects for continued growth in both investment and advisory activities are very good. The mandate of the Country Manager will be to significantly build the portfolio, develop new opportunities for IFC in the cluster of countries and enhance our impact.

The Country Manager will be responsible for all IFC activities in the Andean Countries, while managing a multidisciplinary team of investment, advisory services, support staff, and consultants. This will require close interactions with corporate clients, governments, counterparts at the World Bank, and other multilateral/bilateral institutions, as well as internal coordination within IFC with Regional Industry Senior Managers and Managers, Advisory Services Managers, and constituent Executive Directors. The Country Manager will report to the LAC Regional Director for Brazil, Southern Cone, and Andean Countries.

Duties and Accountabilities  

In consultation with the LAC Regional Director, develop, design, and implement multi-year country strategies and implementation plans for integrated investment and advisory operations, including upstream engagements, sector priorities, and business targets;
•  Oversee all IFC investment and advisory activities in the cluster of countries;
•  Lead the coordination with World Bank institutions and oversee with the regional industry colleagues (and other colleagues in IBRD/IDA and MIGA) the design and implementation of the Joint Business Plans (JBPs) and other forms of proactive collaboration at the country level.  Fully contribute and drive on behalf of IFC the development of Systematic Country Diagnostics (SCDs), Country Climate Development Reports (CCDRs), Country Private Sector Diagnostics (CPSDs) and Country Partnership Frameworks (CPFs);
•  Manage and develop relationships with key clients (governments and private companies) at the highest level of seniority and position IFC as the partner of choice to support high development impact projects in the cluster of countries.  Build up relationships with key stakeholders (including relevant regulators, businesses, NGOs, PE Funds, and investors);
•  Identify and implement measures to improve country results in terms of efficiency, productivity, profitability and impact and increase its contribution to the corporate scorecard;
•  Lead, manage, develop and mentor an integrated and diverse team consisting of regional and industry staff, ensuring that the team is high-performing, well-motivated, innovative, well-trained, has clear deliverables and is committed to the success of IFC in the country;
•  Identify areas where IFC can catalyze market development through upstream engagements and innovation based on a thorough understanding of local markets and best practice from IFC global experience;
•  Lead/coordinate the development of a client engagement strategy for existing and new clients;
•  Take accountability for early review and clearance of sponsors. For all investments and AS clients’ programs, review and validate IFC added-value, development impact and fit with IFC strategy in the cluster of countries;
•  Contribute guidance for complex investment structuring and portfolio management cases and carry out all Country Manager responsibilities under the prevailing accountability for decision making (ADM) matrix at IFC;
•  Strengthen IFC “brand”, building on IFC regional brand and the overall communications strategy including engaging with local media;
•  Represent and provide visibility for IFC in the target markets including through organizing/participating in high profile events.

Selection Criteria

 MBA or equivalent professional qualification and a minimum of 12 to 15 years relevant work experience (at least 2 of which must have been in a managerial or leading capacity);
•  As an ambassador representing IFC in the country, country manager must be a role model for ethical behavior values of IFC;
•  Significant experience with proven success in developing client relationships, with an existing network of relevant top-level contacts in the cluster of countries’ private and public sector and/or demonstrated ability to build such high-level client network;
•  Outstanding and proven track record of performance in investment and advisory activities;
•  Strong leadership capabilities and experience managing people, especially leading diverse and high performing teams;
•  Ability to represent IFC externally with government, media, clients, donors, and other stakeholders;
•  Ability to think strategically and adjust the country strategies as needed so that it remains responsive to the needs of client countries, and in coordination with development partners;
•  Experience in transaction processing and portfolio supervision a strong plus;
•  Work experience in Latin America and the Caribbean region and a strong interest in developing a thorough understanding of the cluster of countries;
•  Ability to build successful relationships across the matrix;
•  Strong written and oral communications skills, English and Spanish are essential;
•  Recognized as a leader;
•  Ability to develop innovative solutions and challenge the status quo to build IFC business and image in the market;
•  Meet Bank Group-wide managerial selection criteria including courage of your convictions, leading the team for impact, influencing across boundaries, fostering openness to new ideas, building talent for the future.

If the selected candidate is a current World Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 4 years 0 months term appointment.

The World Bank Group values diversity and encourages all qualified candidates who are nationals of World Bank Group member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.  Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.

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.