ET Consultant – Business Integrity Risk
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.
IFC’s Institutional Risk and Governance Department (CRG) is responsible for setting business standards and providing advice and guidance to the IFC Board, Management, and business teams on non-financial business risks that may arise in IFC investments, advisory work, and IFC’s corporate functions. One of these is “business integrity risk” – corruption, fraud, economic sanctions, litigation, criminal activity/history, politically exposed persons, opaque ownership structures, money laundering, terrorist financing – any of which can negatively impact an IFC project or IFC’s reputation as the preeminent international organization operating in the private sector. The Business Integrity Risk (BR) Department in CRG advises on business integrity risks in IFC projects, helps design integrity risk mitigation measures in new IFC products, trains staff on integrity risks, and provides thought leadership on these topics.
The BR team helps mitigate risks in IFC investments and advisory services. IFC’s advisory services establish the necessary conditions to attract the most private capital, enabling the private sector to grow. This may include working with governments to structure public-private partnerships to improve people’s access to high-quality infrastructure and basic services or advising a private sector company on improving its operational performance and sustainability.
Roles and Responsibilities
The selected candidate will serve as:
• An Integrity Risk Officer
• The main BR point of contact working on integrity due diligence (IDD) in advisory projects
• A strategic partner to business teams (investment and advisory)
• A visible, vocal, and influential champion for the proper management of integrity issues
• Reporting to the Head, IDD/AML, who supervises the Business Integrity Risk unit in CRG
Key aspects of the role include:
• Advise transaction teams on core aspects of integrity risks as they impact clients, partners, and transactions in IFC’s investment and advisory programs across IFC’s operations. This includes but is not limited to, risks related to corruption, fraud, politically exposed persons, economic sanctions, civil, criminal, and administrative liabilities and investigations, obscure beneficial ownership or source of funds, WBG debarment, etc.
• Evaluate integrity and reputational risks, recommending and providing solutions to IFC investment and advisory services staff.
• Serve as the primary BR point of contact on business integrity matters, including IDD and AML/CFT due diligence about advisory projects.
• Assist with crisis management in portfolio projects.
• Develop and execute training plans for client departments and IFC Management to educate and raise awareness on integrity risk issues.
• Liaise with other World Bank Group entities, multilateral development banks, due diligence firms, and other external stakeholders and present on integrity matters in conferences and meetings.
• Work on special projects and/or other initiatives in support of CRG’s work plan.
• Liaise with Integrity Counsel in the delivery of integrity-related legal advice.
Selection Criteria
• Master’s degree or equivalent with at least 5 years of experience advising on integrity risk, fraud, corruption, investigations, economic sanctions, anti-money laundering/countering the financing of terrorism (AML/CFT), or related subject matters.
• Private sector financial markets and /or forensic experience, including with one or more major consulting firms, is a plus.
• Highly developed technical skills on integrity risk matters and proven ability to advise on and work with complex and evolving fact patterns.
• Experience in data analytics and reporting and associated technologies.
• Demonstrable experience in developing and giving effective and engaging training presentations to staff and Management at all levels and external stakeholders, and a genuine commitment to sharing knowledge and expertise.
• Required fluency in French, Arabic, or another major language.
• Highly developed technical skills with solid judgment.
• Ability to work independently and demonstrate sound judgment on what to escalate.
• Clear, concise, and cogent writing skills and ability to provide concrete recommendations.
• Ability to build effective client relationships.
• Genuine commitment to sharing knowledge and expertise.
• Diplomacy and ability to work with individuals from diverse cultures and backgrounds.
• Highly personal integrity, strong values, and ethics.
World Bank Group Core Competencies
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.
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