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.

Information technology is an integral part of the strategic initiatives for all the Core Business Functions at IFC. Corporate Information Technologies (CIT) Teams provides comprehensive IT support for IFC’s Investment & Advisory Services, Financial Operations, Treasury & the Asset Management Company. A robust engagement model with business ensures prioritization of the business requirements & focus on delivery. The application landscape encompasses a wide variety of In-house and Customized COTS products (such as ACBS, Summit, Investran, etc.) which meets the business needs of IFC departments.

CITOP is seeking a Senior Product Owner (Extended Term Consultant), with strong business analytical and technical skills to work with internal clients to successfully develop, build and implement business solutions working along with a geographically distributed development team.

The position is for a Senior Professional who is highly motivated and versatile candidate with experience on Business Process Management/Corporate Finance/Trade related Products, who can demonstrate relentless attention to detail and who can communicate with non-technical clients. The candidate requires strong theoretical background and substantial experience in information technology, banking or investment operation, good requirements collection and interviewing capabilities, strong analytical skills to critically evaluate gathered information, and high proficiency in the development of business requirements documentation for large-scale information systems.

Duties & Accountabilities: 
As a Senior Product owner the responsibilities may include, but are not limited to, the following:
•  Plays a crucial role in driving product development and ensuring alignment with the project/program strategic objectives.
•  Define and communicate the product vision and strategy to all stakeholders including the development team.
•  Creates and maintain a clear and prioritized product roadmap.
•  Collaborates with stakeholders to ensure alignment with business goals.
•  The Senior Product Owner will also lead the business analysis phase of complex and large size projects, often providing direction to more junior resources and directing vendors as appropriate.
•  Facilitate and lead requirements gathering (user story definitions in the case of agile projects) sessions with IFC business, subject matter experts and teams, producing basic documentation while addressing their ongoing project needs.
•  Contributes to the development of project plans, identifies key milestones, and raises critical project issues.
•  Conduct business process analysis meetings with business users and document in detail system processes in diagrammatic and textual format, as-is process maps etc. ensuring they are correctly documented to solve the needs of the business.
•  Engages with the development team to ensure requirements are fully understood and accurately delivered.
•  Manages the engagement with the business partners on the scope and regularly briefs the business stakeholders on its progress.
•  Validate and obtain sign-off for functional requirements/specifications.
•  Initiate and manage prioritization of requirements with business and vendor teams.
•  Track and report on project functional progress against defined requirements throughout the project life cycle
•  Creates/verifies user acceptance test cases and liaise between the client and the vendor during user acceptance testing
•  Collaborate with QA lead to ensure Testing Strategy covers all Business Requirements
•  Serves as an authoritative expert and senior resource in the organization for other senior professionals for all the processes and product the individual will be assigned to

Selection Criteria

•  Master’s degree in business administration, computer science, information systems or a related field with at least 10 years of relevant experience or Bachelor’s degree within a minimum 12 years of relevant experience (MANDATORY)
•  Minimum 7 years of experience as a Senior Product Owner or Senior Business Analyst in a large enterprise-wide system implementation program  (MANDATORY)
•  Experience working on Business Process Management/Investment/Trade Related Products and Systems is a huge plus
•  Prior experience working with Multilateral Development Banks (MDB’s) or Developmental Financial Institutions (DFI’s) will be a huge advantage
•  Strong product visioning and facilitation skills to lead requirements elicitation workshops planning and preparation, presentation, knowledge capture and follow-up.
•  Solid understanding of product management principles and practices. Familiarity with Agile methodologies, particularly Scrum or Kanban
•  Certified Business Analyst Professional (CBAP) certification, Certified Scrum Product Owner, or experience leading team is preferred.
•  Client Understanding and Advising: Should be able to advise the client and help them think proactively about how to best meet their current and future needs, taking into consideration the real underlying issues that the client may not be aware of.
•  Looks at issues from the client’s perspective and advocates for clients within own area as well as urges others to focus on meeting client needs. Works with others across the VPU to define client needs and develop the best approach to meet client needs (e.g., finds appropriate solutions and negotiates internally for needed resources and support).
•  Strong and proven experience in documenting business requirements, use cases, functional and non-functional requirements, traceability matrix, etc. – Gathers information to expand working knowledge of the business or product supported to include key processes and operational aspects that impact successful execution of business functions.

World Bank Group Core Competencies

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