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.

The Institutional Risk and Governance Department (CRG), under the IFC Legal, Institutional Risk and Governance Vice-Presidency (CLSVPU), is responsible for setting business standards and providing advice and guidance to the IFC Board, Management, and business teams in relation to certain non-financial business risks that may arise in IFC investments, advisory work, and corporate functions. These areas include:

• managing integrity/know your customer risks such as corruption, fraud, and economic sanctions risks; conducting anti-money laundering and combating financing of terrorism (AML/CFT) due diligence; and promoting tax good governance,
• advising on risks around IFC’s management of operational conflicts of interest (COI), corporate confidentiality obligations and commercially sensitive data, data access governance and data privacy; cyber and other business technology risks facing IFC; advising on IFC’s market conduct, mobilization, and treasury activities; handling of material non-public information; investment advisor standards; and aspects of IFC’s privileges and immunities,
• corporate governance risks in IFC’s investment operations and investee companies, with associated knowledge development and client capacity building, and
• the management of IFC’s nominee director program where IFC appoints directors to boards of investee companies where it holds equity positions.

Duties and Responsibilities:

Within the CRG Department, the role of this Manager will be to oversee teams working on conflicts of interest, regulatory risks, data access and confidentiality, and data privacy issues, specifically overseeing the management and mitigation of risks associated with the following:

• Operational conflicts of interest as IFC accelerates the convergence of its upstream, advisory and investment activities and introduces new products, platforms and mobilization activities,
• Data access governance, inappropriate access to IFC information, data classification, confidentiality, the management of mission critical information and commercially sensitive data and related compliance assessments,
• IFC’s management of sensitive and personal data,
• Risks arising from the adoption of new technologies (including with respect to emerging technologies such as generative AI and digitalization) that arise in the course of IFC’s operations and IFC’s corporate and institutional activities,
• Developing an approach on other key information and data governance efforts, e.g., the management of cyber risks, intellectual property rights, archival immunities, data ethics, etc., and
• Regulatory risks associated with IFC’s market conduct and mobilization activities, broker/dealer and investment advisor standards that should apply to IFC as an international organization, Treasury activities and the regulatory aspects of IFC’s privileges and immunities.

The successful candidate will be expected to possess a strong professional background and track record in understanding international business transactions.  She/he will also be charged with creating a vision and strategy for the management of the unit for the next 4-year period, integrating the converging themes outlined above.

In performing these responsibilities, she/he will report to the Director, CRG and will manage a multidisciplinary team of about 15 staff (including lawyers, data professional and compliance officers) in the CRG Department within the CLSVPU.

Specific responsibilities include:

• Lead and oversee the staff working on COI, regulatory issues, data access and confidentiality and data privacy.
• Plan, develop and implement a 4-year vision and strategy for the management of risks associated with the above, putting client value at the center; drive the implementation of the strategy; present key messages to IFC Senior Management, as needed.
• Lead a diverse team of experts; provide strategic guidance; oversee work product to ensure excellent client service to both transactional and corporate teams; be available to trouble shoot; act as an arbitrator for internal differences and disputes on risk issues.
• Designate leads and/or primary contact points for specific work programs, transactions, and initiatives to address the above risks; delegate and push accountability as far down as appropriate.
• Conduct regular, and effective meetings with staff; build capacity of staff by engaging early and often, giving, and receiving actionable feedback, and encouraging collaboration and staff professional development.
• Lead the development of appropriate standards of care and guidance for transactional and corporate teams; drive timely and effective trainings, rollouts, and implementation programs.
• Provide thought leadership on IFC’s approach to the above risk areas, both within the WBG and externally with MDBs, IFIs and other parties.
• Promote cooperation and foster coordination with a wide range of clients, and internal and external partners.

Selection Criteria

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.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.