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 $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to improve people’s lives as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org. 

The Financial Institutions Group (FIG) is one of three major industry groups at IFC, responsible for managing roughly 40% of IFC’s overall business in terms of volume and capital at risk. FIG Asia Pacific provides the strategic investment and advisory needed by financial institutions to build a strong, engaged private sector and tackle the region’s most pressing development challenges. We demonstrate the business case for greater financial inclusion, particularly for the under-served segments of the community, with a strong emphasis on sustainability and climate. Stretching from the Pacific to South Asia, our projects are delivering on the IFC 3.0 agenda and enabling the region to end extreme poverty and build shared prosperity. FIG projects support various thematic areas of specialization including Climate Finance, SME Banking, Microfinance, Agri finance, Supply Chain Finance, Risk Management, Digital Financial Services, Trade and Supply Chain Finance, Gender Finance, Capital Market and Housing Finance.

Climate finance is a key strategic focus area for the IFC. The need to address climate is urgent, with global carbon budgets set to be depleted in less than two decades. Following the Paris Agreement, 147 countries around the world submitted their Intended Nationally Determined Contributions (INDCs) with pledges to reduce greenhouse gas (GHG) emissions under the United Nations Framework Convention on Climate Change. To achieve these climate targets, many countries have created policy packages to green their economies. However, climate financing needs, remain unmet, indicating a significant role for financial markets including capital markets to increase the mobilization of finance to initiatives that address climate change issues. 

Developing local capital markets is also a strategic priority for IFC through demonstration transactions and technical assistance to create enabling environment and capacity building.  Specifically capital markets will play a critical role in developing thematic financing instruments that will increase the flow of financing to mitigation and adaptation projects. At the macro level, deepening capital markets, which have ample liquidity and developed secondary markets, are also reshaping the developing world. IFC promotes local capital markets by issuing local-currency bonds and provide advisory services to support private sector clients tap capital markets. Besides providing local currency finance, to meet the needs of the private sector, IFC works with governments and regulators to promote reforms and policies supporting local capital markets. 

Roles and Responsibilities:
IFC is seeking an Operations Officer for the Upstream and Advisory Services department within FIG, with deep investment expertise in the Financial Sector. Experience or expertise in Climate Finance and Capital Markets is highly desirable. The jobholder will be responsible for generating and implementing upstream and advisory engagements in Indonesia, under the guidance of Country and Thematic leads, with the key focus on Capital Market and Climate Finance. 
He/she will be an integral member of the country team and will work closely with key stakeholders in supporting the delivery of the WBG/IFC country strategy. IFC’s financial institutions upstream and advisory services aims to deliver innovative solutions that support clients in sustainably growing their presence in underserved markets and that are aligned with IFC’s country strategies and development objectives. 

Duties and Accountabilities:
•  Design, develop, and convene suitable teams/functions across the WBG for implementation of high-quality Upstream and Advisory initiatives and interventions, engaging suitable external stakeholders to convert Upstream and Advisory efforts into new investment opportunities. These can include large and/or complex project and sector level initiatives and replicable and scalable approaches that can be implemented across countries and regions.
•  Manage project budget preparation and approval processes.
•  Manage human and financial resources efficiently across initiatives for optimal impact.
•  Oversee analysis of timelines, milestones, resource use (time/budget) and progress for efficient oversight and project management of Upstream projects.
•  Conduct sector-specific data analysis, stress testing of various operating models, dialogues with stakeholders, and sharing information across the WBG to help generate ideas for new investment opportunities, new projects, new products, and platform businesses.
•  Design analytical approaches to generate and test new ideas for market or project opportunity creation and feasibility as well as new products and platform approaches.
•  Develop feasibility studies and implementation plans for Upstream and Advisory projects that lead to IFC investments.
•  Design and implement scalable solutions and platforms that can be replicated across markets.
•  Disseminates knowledge across IFC and the WBG and promote new approaches and best practices.
•  Connect expertise from investment and advisory staff and external partners to drive the conversion of Upstream and Advisory initiatives to investment opportunities.
•  Work with the partnership teams on raising donor funding for Upstream and Advisory activities (i.e., identifying priorities for fundraising, preparing donor proposals, managing relationships with the donors and their country representatives).
•  Manage project financial management (i.e., administering and managing trust funds and related activities).
•  Review and approve deliverables and payments to consultants and supervise contracts (e.g., timely extensions, modifications, closings).
•  Collaborate with stakeholders and form partnerships with staff across IFC and the World Bank Group, sponsors, clients, and other external parties to enable delivery of projects and programs.
•  Work with WBG to identify and help implement sector and regulatory reforms that are needed to unlock opportunities for private investment.
•  Partner with sister organizations in the WBG and others to provide input when developing sector-specific development strategies, from diagnostic to implementation stages.

Selection Criteria

•  Master’s degree in a related field and at least 10–12 years of relevant experience. Related fields of education include business, finance, climate finance, capital market or economics. Relevant experience could include a proven track record in business consulting or investment banking, or operational experience in climate and finance and capital market.
•  Capacity to understand, enable, and participate in capital market and climate finance capital market creation opportunities for multiple countries by demonstrating long-term perspective, open-mindedness, persistence, innovation, and ability to leverage all available tools (including de-risking tools for climate finance/capital market); good understanding of the roles and value-add of IFC and WBG in climate finance and capital market.
•  Understanding of relevant country strategies and obstacles to achieving them.
•  Has a reputation for listening carefully to clients and stakeholders and asking targeted questions to understand their needs and determine the viability of a business opportunity.
•  Build long-term engagement with clients and credibility by demonstrating knowledge of their business, sector, and culture; maintain an ongoing dialogue on their business needs, operations, and strategies as well as opportunities particularly in climate finance and capital market.
•  Ability to maintain client engagement during portfolio stage to identify growth opportunities, particularly in climate finance and capital market, address emerging problems, and focus on actions that promote sustainability and ensure that overall development impact objectives are met.
•  Build and maintain extensive networks in the financial sector, across countries, and the Asia Pacific region to bring new engagements, members and thought leadership.
•  IFC/WBG: Ability to interact effectively with working level WBG staff and participate in collaborative interventions or /projects that enable private sector investment by exercising sensitivity to differences in corporate cultures, priorities, and operating practices and /requirements.
•  Public Sector: Ability to participate and constructively contribute in meetings with mid-level government officials on constraints to private sector investment in their countries, particularly in climate finance and capital market.
•  Excellent written and verbal communication skill. Ability to describe complex issues, approaches, and lessons in a manner that is relevant and understandable to clients/stakeholders.
•  Ability to comment effectively on documents, develop junior staff as writers, and lead the writing process of business specific documents.
•  Ensure final products are aligned with the needs and expectations of intended audiences.
•  Able to clearly articulate IFC’s requirements, value-add, financial and nonfinancial risks, development impact, and sustainability measurement in a way that is relevant to and understandable by clients and stakeholders.
•  Ability to communicate technical information in an understandable and concise way to a nontechnical audience.
•  Able to orally present and confidently defend a sound rationale for proposed deals in a compelling way that is appropriate to the audience and engenders their support.
•  Ability to supervise staff in business development, processing, portfolio management, or specialty area by providing technical guidance and delegating work to build and effectively use talents of staff and balance workloads.
•  Ability to guide, advise, mentor, and coach junior staff and peers to develop and broaden their scope of skills, including providing on-the-job learning opportunities. Critical for FCS and other challenging markets.
•  A broad understanding of the economy, sectors, and regulatory and industry fundamentals and drivers, industry and market benchmarks, the latest trends and changes, and industry standards; or market, including policies and regulations affecting investment and business growth.
•  Ability to review the financial analytical work performed by team members for moderately complex transactions based on in-depth analytical and financial modeling skills and experience to know what to look for in efficiently ensuring quality control and directing the appropriate analysis to understand risk factors in a project.
•  Build advanced structuring expertise for moderately complex investment, advisory or upstream project based on experience with diverse IFC financial instruments, a range of clients in different countries, and projects with different complexity factors.
•  Integrate divergent viewpoints of multiple external and internal stakeholders into a coherent project, program, or strategy.
•  Proactively seeks input from peers and leaders to deliver objectives and identify where to eliminate delivery roadblocks.
•  Demonstrate success as a key influencer in bringing integrated solutions to concept review state where there are significant challenges and competing interests.

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.

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