Operations Officer
Mumbai, India
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 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.
Private sector development is essential to promoting successful and sustainable economies in low and middle-income countries worldwide. Sound and efficient markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth.
IFC’s Creating Markets Advisory (CMA) Unit delivers on IFC’s capital increase commitments by providing a foundation for Regional, Industry and Upstream teams to increase private sector investment opportunities. CMA addresses “if-then” reform asks in IFC strategies, complementing World Bank efforts, while strengthening IFC’s relationships with client countries in support of IFC 3.0. Specifically, the CMA team works proactively with governments and regulatory agencies to create effective and efficient market conditions, both at economy wide as well as industry/sector level, for increased private investments. Our global experience shows that challenges in the business environment and lack of the right enabling regulatory framework results in countries losing significant amounts of investment annually. The unit collaborates extensively with the public sector, private sector and other teams across the World Bank Group to design and deliver advisory services.
CMA currently operates across the South Asia region, with an active portfolio and pipeline in India, Bangladesh, Nepal and Sri Lanka.
In this role, the selected candidate will play a key role in supporting the implementation of CMA’s projects and business development efforts primarily in India, with active business development support in other countries in the region on a needs basis.
He/she will work closely with the existing IFC CMA team in India, IFC Upstream, Advisory and Investments staff to support the design and implementation of reforms that address bottlenecks faced by investors in IFC’s priority sectors, using a variety of WBG tools and offerings and build new business in line with the WBG/IFC country strategy, and support the delivery of high-quality Advisory engagements to the Government and the private sector primarily in India. He/she will work closely with key stakeholders, especially the Country Manager, in supporting the delivery of WBG/IFC country strategy and high-quality Advisory engagements.
The selected candidate will report directly to CMA SA Manager.
Roles and Responsibilities
The selected candidate will play a key role in leading CMA’s various offerings and tools, primarily in India. He/she will work closely with IFC Upstream, Advisory and Investments staff in the region (South Asia), as well as World Bank staff, to design and ensure implementation of reforms that address bottlenecks faced by investors in IFC’s priority sectors, using a variety of WBG tools and offerings and build new business in line with IFC country strategy, and deliver high-quality Advisory engagements to the Government and the private sector in India. He/she will work closely with key stakeholders, especially the IFC Country Manager, in shaping and executing the WBG/IFC country strategy and delivering high-quality Advisory engagements.
• Collaborate with regional CMA, Advisory/Upstream/Industry specialists in the identification and design of sectoral and institutional investment climate reforms to unlock investment potential and create markets in India and other countries in South Asia as needed.
• As a project lead, play the role of practitioner advisor to public sector clients, delivering and managing a portfolio of CMA projects across key strategic focus areas, including financial markets transformation, digital finance (incl. disruptive technologies), and climate finance.
• Interact and proactively engage the private sector in client countries to identify investment opportunities and key barriers to be addressed or enabled by the government. Help incubate and implement sectoral interventions to create downstream investment and advisory pipeline.
• Support Government clients to understand latest developments in key strategic focus areas (mentioned above) and proactively support identification and design of reforms to address regulatory barriers that constrain greater adoption of these technologies.
• Prepare and disseminate knowledge materials on best practices by the Private Sector/ Governments on increasing private investment in defined key strategic focus areas of financial, real and infrastructure sector practices.
• Provide technical support in designing pitch materials for business development.
• Review and contribute to the development and approval of relevant project documents and client deliverables to ensure standards and objectives are met.
• Provide cross-support to select programs in other countries in the SAR Region as needed.
• Support CMA efforts to incorporate relevant regulatory interventions into WBG analyses, strategies, reform asks and Development Policy Lending operations.
• Gather information from external sources on best practices, evolving trends and challenges, and emerging players that can be used to create new knowledge products and projects, to address country-specific challenges on inclusion/gender, digitization and access to finance.
• Provide cross-support to select programs in other countries in the SAR Region on a needs basis.
Selection Criteria
• Master’s degree in Business, Economics, Law and Finance or a closely related field.
• Between 8-10 years of experience in private sector development with a focus on delivering investment climate reforms.
• Proven track record in designing and implementing sector-specific regulatory reforms advisory engagements in the area of financial markets transformation, digital finance (incl. disruptive technologies) and climate finance.
• Understand the implications of different policy and regulatory frameworks governing the thematic areas.
• Experience in the private and/or public sector addressing long-term policy and organizational reforms would be an advantage.
• Able to design, negotiate and lead efforts to develop client offerings that reflect in-depth knowledge of the thematic area and understanding of the business case for how thematic focus will help clients to improve their business.
• Understanding of IFC and WBG products/instruments and where there are opportunities for cross-organizational collaboration.
• Excellent knowledge of Word, Excel, and PowerPoint and an aptitude to learn new systems is a must. The ability to use project management systems is a plus.
• Excellent written, verbal communication and presentation skills.
• Proficiency in written and oral English. Hindi language proficiencies will be advantages.
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.
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