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 2023, IFC committed a record US$43.7 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.
Background/General Description:
The IFC Syndicated Loans and Mobilization Department (CSL), including 50 staff based in Washington, London, Nairobi and Singapore, works to enable IFC’s partners—commercial banks, institutional investors, insurance companies, sovereigns and other development institutions—to participate alongside us as we lend to emerging market firms. By mobilizing our partners’ capital, we forge new connections that can help increase foreign investment in the world’s poorest countries and provide a fundraising path for other growing local enterprises to follow.
The CSL Co-Investor Solutions Unit (CSLCU) oversees IFC’s engagement with institutional investors and insurance companies, including the award-winning Managed Co-Lending Portfolio Program (MCPP) which has raised $16 billion to date for emerging market private credit opportunities. CSLCU also operates the IFC-MIGA Partnership, which connects IFC’s private-sector clients in emerging markets to political risk insurance and other guarantee products offered by MIGA, our sister institution in the World Bank Group. Finally, CSLCU is responsible for managing a $15 billion debt syndications portfolio on behalf of more than 200 co-investors, as well as leading the development of new scalable, replicable, and sustainable mobilization platforms, including the Warehouse-Enabled Securitization Program (WESP).
CSLCU is seeking an E T Consultant (Senior Operations Officer) with strong technical data skills relating to mobilization data, running a Virtual Data Room (VDR), and managing mobilization reporting methodology with other MDBs and OECD to oversee the preparation of the 2022 and 2023 MDB Joint Mobilization reports.
Duties and Accountabilities:
The duties of the E T Consultant (Senior Operations Officer) will include but not be limited to:
1. MDB/DFI Mobilization Reporting
• Lead planning, execution and publication of MDB Joint Reports for 2022 and 2023, including:
• Meet with MDB Task Force to decide on strategy for data reporting for Joint Report, integrating UST and other shareholder comments
• Consider expanding by sector, region/income
• Review other possible additions based on UST input and WBG new scorecard conversations
• Launch the MDB Joint Report data collection – revise spreadsheet with updated definitions, add new categories
• Work with MDB Task Force and Syndications management on table of contents, topics to cover, and contributors for Reports
• Work with Syndications management on drafting reports
• Gather contributions from MDB colleagues to craft new content for “market analysis” section of Reports, and update other sections
• Engage with graphic design/typesetting and editing team on report production
• Finalize data collection and summarization
• Manage report through drafting, editing and VP and other MDB clearance process
2. Mobilization Methodology Development
• Act as key resource for MDB joint methodology application and measurement internally and externally as needed, including:
• Support the IFC in managing IFC’s contribution on joint methodology development and updates in line with Evolution Roadmap
• Work with IFC and broader WBG colleagues on development of PCE, other catalytic methodology enhancements to ensure alignment with MDB methodology and reporting principles
• Provide insight and input into and act as resource on PCE development generally for IFC an WBG, drawing from experience base in catalyzation development efforts previously
• As business needs require, engage with DAC Members that have significant interest on topic of mobilization
• Work with CSLDR and other staff to help ensure UST and other key donors’ concerns on mobilization methodology are addressed in a timely manner
3. Manage Mobilization Data Sharing with OECD and others; and Manage Virtual Data Room (VDR) Solution
• Act as principal point of contact internally and externally for management of Virtual Data Room (VDR) for mobilization data sharing with OECD as well as bilaterally with shareholders, including:
• Manage any necessary enhancements to VDR reporting, ensure data requested and aggregated by OECD complies with NDA and overall IFC data security policy
• Engage with IFC internal IT (CIT) and legal teams as needed, including leading any disaster recovery plan in case of breach or loss of data
• Participate with Partnerships, Blended Finance and Legal colleagues on the working group to resolve data sharing issues with GAC
• Develop from GAC solution blueprint for data sharing with other DAC members as needed (e.g., Dutch, SECO)
• Monitor and dialogue with OECD to keep appraised of ongoing reporting developments and explore further synergies with OECD mobilization reporting, including:
• Contributing IFC views as part of expert working groups or at workshops involving OECD development of their private mobilization methodology, engaging closely with World Bank OECD representative (Paris office)
• Ensuring OECD methodology development considers IFC/MDB reporting needs, joint methodology development or changes, and confidentiality obligations with respect to future reporting mandates
Selection Criteria
The candidate should:
• Possess an MBA or master’s degree with at least 8-12 years of relevant market experience or an equivalent combination
• Bring significant knowledge of IFC’s investment products, documentation and processes, business strategy, and development impact
• Bring an understanding of the strategic Mobilization landscape including awareness of activities by other MDBs
• Be a creative, effective and forward-thinking communicator, using a wide range of techniques to communicate complex data and concepts in a simple manner
• Have excellent writing skills with an ability to synthesize complex issues – both for strategic and media audiences
• Have strong analytical skills and preferable some knowledge of data management and analytics
• Be an independent thinker and a proactive self-starter, able develop strategy and communication narratives with limited support
• Take personal responsibility for producing high-quality work and leading a small team to deliver results for clients
• Possess sufficient gravitas and confidence to engage with senior management across IFC, WBG and MDBs
• Add value by constantly looking for a better way to get more impactful results and set challenging stretch goals for oneself
World Bank Group Core Competencies
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