Research Analyst
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 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 Development Impact Measurement Department (CDI) within the Economics and Private Sector Vice Presidency (CEDVP) analyzes economic sectors with a view to identifying opportunities and solutions for private sector development and works closely with IFC Operations. It provides technical support to operations related to structuring, appraising, and monitoring investment and advisory projects and is responsible for reporting on IFC’s impact. The department is in charge of implementing the ex-ante project assessment framework (Anticipated Impact Measurement and Monitoring- AIMM) for investment and advisory projects throughout the project cycle, help ensure high-quality economic support for IFC operations teams on strategies and projects; and develop sector economic analyses with a focus on solutions for private sector development.
CDI staff comprise mainly sector economists and results measurement specialists assigned to units organized along IFC industry groupings. These include units for Financial Institutions (CDIFI); Infrastructure (CDIIN); Manufacturing, Agribusiness, and Services (CDIMA); and Funds and Disruptive Technology team (CDIDF). The department also includes staff working on economic modeling, results measurement, corporate reporting and sustainability, that support all industry groups. In short, the department offers an “end-to-end” support and impact assessments for IFC investments and advisory services, engaging upstream and downstream throughout the project cycle.
The Financial Institution Group team (CDIFI) is in charge of implementing CDI mandates and deliverables described above in relation to products including investment and advisory to Financial Institutions, supporting microfinance, insurance, loans to small and medium enterprises and women-owned businesses, and affordable housing loans, among other areas. This includes fully developing and implementing the ex-ante project assessment framework for investment and advisory projects throughout the project cycle, monitoring and evaluating impact of both investments and advisory projects, helping to ensure high-quality economic support for IFC FIG teams on strategies and projects, and developing sector economic analyses with a focus on solutions for private sector development. These activities will support operations done by FIG teams to deliver investments that support growing enterprises across emerging markets. Financial sector operations comprise a significant portion (approximately 40%) of IFC’s investment operations and make important contributions to financial sector development in client countries. These operations span commercial banking, including specialized product areas such as SME banking; insurance, microfinance, housing finance, trade finance, distressed assets, and capital markets development.
The Department is looking for a Research Analyst to work in close collaboration with the Investment and Advisory Staff of the Financial Institutions Group (FIG), responsible for designing and structuring IFC’s financial sector operations. The analyst will strengthen the measurement, reporting and evaluation of FIG’s results with a focus on reach data collection and impact indicators data collection from financial institutions (including joint Investment services (IS) and Advisory services (AS) clients) and dissemination. S/he will work as part of the Development Impact Measurement department, covering financial sector operations, under the supervision of the CDIFI Manager.
Role & Responsibilities
Reach data collection
• Coordinate the annual FIG Reach Survey data collection which includes data and indicators on more than 300
FIG clients (across IS and AS).
• Update survey template as business needs evolve and collaborate with FIG reach champions and regional portfolio teams to gather reach data. Actively engage with IT support to ensure data uploading accuracy and consistency.
• Conduct data quality assurance and large contributors’ validation.
• Work with external assurance provider for the annual audit process, address questions and comments raised by external auditors and finalize data for annual report.
• Update Reach survey data collection guidelines as necessary, incorporate feedback and lessons learned to optimize data collection process and improve data quality.
• Support and provide demand-based data requests and analysis for the purposes of impact measurement and evaluation such as country/sector strategy update, CPSD and project-specific assessment.
Results Measurement/AIMM Frameworks
• Support sector economists and FIG investment teams to collect and analyze project data, apply the appropriate frameworks on the basis of data and research, create narratives that support the articulation of project impacts, and develop AIMM assessment of FIG investment projects.
• Contribute to the ex-post AIMM monitoring exercise, assist impact indicators data collection, quality assurance, and system alignment.
• Support the implementation and update of AIMM frameworks for FIG Investment projects.
• Support the implementation of AIMM revisions, provide training materials for investment and operation teams as necessary.
Communication, Knowledge Sharing, and Learning
• Contribute to and conduct research to support various analytical deliverables as needed.
• Collect and disseminate data and research on financial sector indicators, economic and demographic trends.
• Distill and summarize large volumes of information from various sources to prepare accurate input to reports, talking points, and briefs that require key messages.
• Utilize graphics and tables to effectively and creatively present data in support of a coherent and cogent argument and narrative developed by senior colleagues.
• Provide guidance and support to portfolio teams on data collection, including Reach Data, Impact Indicators Data and Corporate Reporting Indicators Data.
• Prepare short write-ups or slides that summarize business and impact results, data analysis, and trends observed. Perform other analytical tasks, as they emerge from business needs.
• Perform other tasks as requested by CDIFI manager.
Selection Criteria
• Bachelor’s degree in economics or business or equivalent professional qualification.
• At least 3 years of relevant professional experience demonstrating analytical skills in economic analysis and/or results measurement. Knowledge of the financial sector is a plus.
• Strong organizational skills, and Proven capability to handle complex assignments and produce work to a high professional standard.
• Proven strong conceptual, analytical, and evaluation skills, initiative, ability to translate ideas into actions and timely delivery.
• Strong team player, with proven ability to work collaboratively in a team and capability to work in multi-cultural environment.
• Demonstrate awareness of a variety of development impact assessment tools and frameworks and able to conduct basic project impact analysis.
• Ability to interpret basic output from statistical and econometric and other quantitative research tools.
• Ability to manipulate, document and present economic or other data as input to broader analytical work.
• Demonstrate analytical skills and ability to synthesize large amounts of information and economic data; recognize interrelationships and key drivers of trends; and anticipate next analytical steps.
• Strong written and verbal communications skills and ability to communicate effectively with different stakeholders.
• Strong Excel, PowerBI, Tableau and Power-point skills, and proven capability to manage large database.
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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