E T Consultant – Economics
Washington DC, United States
JOB DETAIL
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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet. For more information, visit www.ifc.org. For more information, visit www.ifc.org.
The Development Impact Measurement Department (CDI) within the Economics and Private Sector Vice Presidency (CEDVP) analyzes economic sectors with a view to identifying opportunities and solutions for private sector development and works closely with IFC Operations. It provides technical support to operations related to structuring, appraising, and monitoring investment and advisory projects and is responsible for reporting on IFC’s impact. The department is in charge of implementing the ex-ante project assessment framework (Anticipated Impact Measurement and Monitoring- AIMM) for investment and advisory projects throughout the project cycle, help ensure high-quality economic support for IFC operations teams on strategies and projects, and developing sector economic analyses with a focus on solutions for private sector development.
CDI staff comprise mainly sector economists and results measurement specialists assigned to units organized along IFC industry groupings. These include units for Financial Institutions (CDIFI), Infrastructure (CDIIN), Manufacturing, Agribusiness, and Services (CDIMA), and Funds and Disruptive Technology team (CDIDF). The department also includes staff working on economic modeling, results measurement, corporate reporting, and sustainability that support all industry groups. In short, the department offers “end-to-end” support and impact assessments for IFC investments and advisory services, engaging upstream and downstream throughout the project cycle.
The Financial Institution Group team (CDIFI) is in charge of implementing CDI mandates and deliverables described above in relation to products, including investment and advisory to Financial Institutions, supporting microfinance, insurance, loans to small and medium enterprises and women-owned businesses, and affordable housing loans, among other areas. This includes fully developing and implementing the ex-ante project assessment framework for investment and advisory projects throughout the project cycle, monitoring and evaluating the impact of both investments and advisory projects, helping to ensure high-quality economic support for IFC FIG teams on strategies and projects, and developing sector economic analyses with a focus on solutions for private sector development. These activities will support operations done by FIG teams to deliver investments that support growing enterprises across emerging markets. Financial sector operations comprise a significant portion (approximately 40%) of IFC’s investment operations and make important contributions to financial sector development in client countries. These operations span commercial banking, including specialized product areas such as SME banking, insurance, microfinance, housing finance, trade finance, distressed assets, and capital markets development.
The Department is looking for an Extended Term Consultant based in Washington D.C. to provide, on an ongoing basis, advice and operational support to Investment and Advisory operational teams and management, assess the impact of financial sector development while ensuring consistent application of standard impact measurement and monitoring frameworks, help generate relevant lessons learned and support staff to incorporate such lessons into project design, provide technical support and program quality leadership to donor-funded facilities, and contribute to evaluative work beyond the project lifecycle. S/he will work in close collaboration with the Blended Finance team, Investment and Advisory Staff of the Financial Institutions Group (FIG), responsible for designing and structuring IFC’s financial sector operations, under the supervision of the CDI Manager for FIG.
Roles & Responsibilities:
Duties of the Extended Term Consultant include the following:
• Support the Results Measurement work for IFC’s Blended Finance Facilities and Platforms focusing on MSME finance, gender, and economic inclusion. This includes:
o ensuring data quality when setting baselines, targets and when collecting results for the Blended Finance Facilities and Platforms.
o working closely with the BF facilities coordinators as well as with advisory and investment staff of various IFC’s industries to assure proper design and reporting of development impact indicators.
o consolidating data and helping with the preparation of donor/BF contributor reports for each facility’s annual or semi-annual reporting processes.
• Support specific activities related to the World Bank Scorecard, including identifying projects which contribute to the scorecard, as well as conducting data validations for projects’ contributions to various scorecard indicators in adherence with indicator methodologies.
• Work with investment and advisory teams on the FIG portfolio to ensure consistent understanding and application of standard impact measurement and monitoring frameworks and methods throughout the project lifecycle.
• Contribute to developing and implementing an ex-ante project assessment framework for investment and advisory projects throughout the project cycle.
• Contribute to the implementation of the monitoring system for both investments and advisory projects and better report on project development outcomes in the FIG lines of business.
• Perform other tasks as requested by CDI management.
Selection Criteria
• Master’s degree in a relevant field (Economics, Business, Finance, International Development, Public Policy) or equivalent professional qualification relevant to the financial markets and financial institutions advisory services business line;
• At least 6 years of relevant experience with private sector operations in the areas of development economics, results measurement, and/or project and portfolio management in the financial sector or with international financial institutions; Relevant experience would include monitoring and evaluation, program design, survey design, data management, and related topics;
• Prior work experience focusing on the financial sector in a Development Finance Institution (DFI) or in the private sector, and track record of working on impact reporting or results measurement;
• Ability to apply M&E approaches, methods, tools, and terminology of development impact to ex-ante assessments, monitoring, and ex-post evaluations;
• Proven experience and a good understanding of investment/advisory projects’ development outcome assessment and process methods. Knowledge of IFC’s Anticipated Measurement and Monitoring (AIMM) system and knowledge of DFIs’ additionality frameworks is a plus;
• Strong analytical and quantitative skills. Proven capability to handle complex assignments (e.g. project related or analytical tasks with operational relevance) and produce analytical work to a high professional standard, with minimum supervision;
• Proven ability to work in teams and capability to work in multi-cultural environments;
• Proven capability to handle complex assignments and produce work to a high professional standard under pressure;
• Excellent written and verbal communication skills and ability to communicate effectively with different stakeholders;
• Excellent organizational and time management skills with a proven ability to work efficiently under time constraints.
World Bank Group Core Competencies
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