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 2022, IFC committed a record $32.8 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

The Syndicated Loans and Debt Mobilization Department (“CSL”) is tasked with raising external funds for IFC clients through the B Loan program, Parallel Loans, Credit Insurance Policies (“CIP”), the Managed Co-Lending Portfolio Program (“MCPP”), and Debt Securities Syndication (“DSS”). Our syndications partners are international and local commercial banks, Development Finance Institutions (“DFI”), funds and institutional investors. The Department is also responsible for the ongoing syndicated loan portfolio management engagements with third-party investors.

CSL is seeking an Extended Term Consultant (“ETC”) in the regional Syndications Latin America & Caribbean team, based in Washington, DC.  The ETC will focus on the remediation from Libor to SOFR for the syndicated loan portfolio projects, and will have an opportunity to work on regular syndications activities as part of the Syndications Latin America & Caribbean team.

Roles & Responsibilities:

Libor to SOFR remediation process:

• Participate in all the LIBOR to SOFR remediation activities for the department with a focus on the activities for the regional team.
• Lead the remediation process for assigned projects in the region, and provide support and guidance on the remediation process on other projects in the region.

Regular Syndications activities:

• Follow international lending markets and banking activities to understand and anticipate trends.
• Conduct industry and bank market research and pricing data analysis, including secondary market pricing; prepare regular pricing reports for syndicated loans.
• Conduct deal-specific market soundings to advise IFC project team on deal structure and pricing; develop list of prospective banks and syndication strategy for individual syndications.
• Review company, economic and financial information and legal documentation for new transactions.
• Prepare information memoranda, executive summaries and other reports for the bank market in collaboration with relevant Investment Department.
• Active involvement in the syndication of IFC B Loans, parallel loans and MCPP loans, and IFC A Loan participations in the secondary market.
• Manage assigned syndicated loan portfolio by providing high-quality service to B Loan participants/parallel lenders/MCPP investors on ongoing project work (amendments, waivers, restructurings, information transmission on key developments, responding to inquiries).
• Ensuring contractual responsibilities with B Loan participants/parallel lenders/MCPP investors are being met while at the same time managing these syndicated loan portfolio relationships
• Distribute marketing information to prospective B Loan participants and parallel lenders, and organize and attend roadshows for individual syndications.
• Develop and maintain relationships with international, regional and local commercial banks, IFIs and other existing/potential B Loan Participants and parallel lenders, and increasingly institutional investors.

Selection Criteria

• M.B.A. or equivalent master’s level degree in finance
• At least 5 years of relevant work experience, preferably with a leading international bank or other financial institution in emerging markets, and including broad exposure to corporate & project finance, capital markets and the syndicated loan market.
• Understanding of international commercial bank market and main financial products, including loans, swaps and CDS.
• Experience with loan documentation and credit issues.
• Experience market intelligence research tools including Dealogic – Loan Analytics, Bloomberg and market publications and bookrunning platforms such as Debt Domain, Intralinks and Syndtrak.
• Proactive, resourceful and self-motivated.
• Strong team player, with demonstrated capacity for hard work.
• Able to manage multiple tasks concurrently, prioritize effectively and adhere to deadlines while always paying attention to details
• Excellent written and verbal communication skills in English and strong editing skills.  A good command of one or more regional languages (Spanish, French and/or Portuguese) would be an advantage.

World Bank Group Core Competencies

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