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.
The Trade and Supply Chain Department (CTS) is one of the industry groups at IFC, with both investment and advisory services delivered to IFC’s clients through IFC’s global network. IFC’s priorities in Trade are: (i) grow investment and advisory solutions in all regions it operates in, while achieving strong profitability and development impact (ii) build new and nurture existing client relationships to make IFC the preferred partner for key clients (iii) manage portfolio of assets for strong profitability and impact; (iv) support local companies, while improving transparency and corporate governance; (v) catalyze foreign investment, including mobilizing B loans, parallel loans, and other forms of capital mobilization; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players; (viii) develop client, sector and country-level solutions through interventions that can be scaled and replicated; and (ix) be a thought leader and innovator of products and client solutions globally.
Global trade is an engine of growth that creates jobs, reduces poverty, and increases economic opportunities. It is a key driver of integration and opportunities for local enterprises in emerging markets and developing countries. Financing trade is fundamental to the movement of goods at all stages of the supply chain and can have a strong development impact in developing countries. IFC’s trade finance programs offer guarantees, risk-sharing facilities, loans, and other structured products to support trade in emerging markets. Through these various products, IFC has supported more than 400 financial institutions and thousands of underlying companies in more than 100 countries across all regions of the globe. To date, IFC’s Trade and Supply Chain Finance has supported over $200 billion in global trade, all of which is directly linked to the movement of specific goods across emerging market borders.
The Trade and Supply Chain Department manages all of IFC’s trade finance-related products and programs and develops new products for the benefit of all IFC clients. CTS has been implementing a number of trade finance and working capital solutions including structured trade and commodity finance, as part of IFC’s multi-faceted response to financial crises with an initial focus on supporting critical commodities, such as soft and energy commodities, providing financing along the value chains to traders, producers, processors and buyers.
CTS is seeking an Investment Officer responsible for implementing and monitoring the Global Supply Chain Finance (GSCF), the Global Trade Liquidity Program (GTLP) and Commodity Trade & Structured Finance initiatives. The Investment Officer will be based in Washington, DC.
Duties and Accountabilities:
The Investment Officer will be responsible for developing and executing a wide variety of CTS long-term transactions (ie. GTLP, GSCF). As IFC’s CTS works collaboratively with groups from across the organization, including financial institutions, manufacturing and infrastructure teams, the Investment Officer will be responsible for leading and coordinating the activities of multidisciplinary teams across regions through all stages of the business
The Investment Officer is expected to:
• Business Development: Together with Industry Investment Officers, Trade Finance Officers, and Regional staff, originate and assess opportunities, identify bankable projects in target regions, particularly IDA countries, grow and develop new business transactions. Develop and guide teams in the preparation of pitchbooks and client proposals in support of new business;
• Structuring and Negotiation: Structure complex facilities according to in-depth knowledge, understanding, and assessment of sectors, clients, commodities, securities and country risks. Negotiate terms with clients, internal and external stakeholders and partners, including senior management of IFC and clients (CEO, CFO). Prepare client/partner presentations and support their decision-making at key transaction stages;
• Deal Execution: Lead transaction team from initiation, due diligence to internal approvals, processing of transactional and structured trade facilities, actively handling key work and directing and coordinating work of other team members from multiple departments. Take responsibility and accountability for transaction-related decisions and relationships;
• Transaction Management: Deliver all transactions and accountabilities of the role efficiently, on a timely and expeditious basis and using best practice standards. Ensure that defined transactional requirements recorded in the documentation are executed accordingly. Monitor the portfolio and report development results internally and externally; and
• Mentor and coach the activities of junior trade analysts, provide expert advice, and share experiences.
Selection Criteria
• Master’s degree in finance, business, or other related areas; accreditation as a CFA or CPA is considered a plus.
• Minimum 7 years of experience in finance, structured finance, with expertise in banking and/or financial institutions, with a proven track record managing transactions and client relationships.
• Strong analytical skills to review and analyze complex financial information. Knowledge and experience in global financial markets including expertise in emerging markets.
• Advanced financial, credit and risk evaluation skills, with demonstrated ability to structure and negotiate a variety of complex financial instruments.
• Demonstrated strong written, presentation, and communications skills and ability to synthesize and present information effectively and tailored to different audiences in English. Candidates with fluency in French or Spanish preferred
• Excellent organizational skills and capacity to follow up systematically and efficiently on a broad set of initiatives and decisions to deliver high-quality work on schedule. Ability to anticipate, coordinate and prioritize high work volumes in an action-oriented manner.
• Leadership experience in managing teams, delegating workload, providing direction, training and mentoring of junior staff, and working with autonomy in multicultural teams and across boundaries.
• Ability to interpret complex data, assimilate information from a wide range of sources, develop innovative solutions, and make recommendations with incomplete information when necessary.
• Excellent business judgment and problem-solving skills to identify issues, present creative, practical solutions, make and commit to sound decisions, anticipating short and long-term implications.
• High degree of diplomacy and sensitivity in dealing with internal and external clients, staff and managers at all levels. Discretion in handling confidential and sensitive information.
• Strong interpersonal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds; and
• Experience in sustainable and/or climate finance is a plus.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
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.
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