Job Openings at International Finance Corporation (IFC)

Description

• As part of our Global Internship Program (GIP), IFC is seeking five summer interns in the Environmental & Social Policy and Risk department (CEG), based in the following country offices: Cairo, Dakar, Nairobi, Lagos, and Johannesburg, one intern in each location.
• The GIP offers highly motivated individuals an opportunity to be exposed to the mission and work of the IFC and the broader World Bank Group and become part of the largest private sector development institution in the world.
• The program encourages individuals to bring new perspectives and innovative ideas to IFC’s work while improving skills in a diverse and highly stimulating environment.
• Moreover, the GIP provides a unique opportunity to exchange ideas and network with international professionals dedicated to ending extreme poverty and boosting prosperity in the developing world. 
• The Internship period will be between May 2023– September 2023.

Duties and Accountabilities

• Support in E&S appraisals and supervision  
• Compile and analyze data  
• Develop E&S training materials 

Selection Criteria

• Candidates must be currently enrolled in a relevant Master's degree level program with an expected graduation date after December 1st, 2023 in order to be eligible. 
• Field of study in Environmental Engineering or Science, preferably. 
• At least 3 years of relevant experience, including 2 years of previous work experience in E&S, preferred.

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Job #: req21245

Job Description

• IFC is seeking to recruit a Portfolio Manager, INR (Infrastructure and Natural Resources), Africa (all sub-regions). The position will be based in Johannesburg, South Africa or Lagos, Nigeria.
• The Portfolio Manager will be responsible for overseeing the portfolio for INR in the region. She/he will work closely with the management and colleagues from INR.
• She/he will also coordinate on a continuous basis with the Country Managers, other Regional Industry units, the INR Leadership team in Africa, as well as other relevant Departments within the IFC (such as Risk, Treasury and Legal, etc.)
• She/he will have direct supervisory responsibility over the investment staff, and other staff as determined.
• The Portfolio Manager will report to the Regional Industry Director, INR Africa.  

Duties and Accountabilities

• Manage INF portfolio client relationships and ensure a high level of client satisfaction.
• Work closely with the INF New Business Manager and teams to create value for IFC’s INF clients in the region, including providing inputs to new transactions with existing clients.
• Ensure urgency in action and high quality of complex portfolio actions (such as restructuring, equity sales, loan conversions) as well as regular waivers and amendments.
• In coordination with the INF Global Equity Head and equity investment leads, contribute to the active management of the INF equity portfolio, focused on value add, as well as equity sales that support successful exits.
• Perform regular asset valuations, monitoring and reporting and make recommendations on, amongst other things, loan loss reserves and write-downs and provide early warnings.
• Proactively engage with the Independent Evaluation Group (IEG) and relevant project teams on assessments of IFC’s investment portfolio. Coordinate and engage, as relevant, with CSO on rescheduling and restructuring situations.
• Organize and lead regular loan and equity asset review meetings in coordination with the Regional Industry Director.
• Lead and manage the INF portfolio team, and ensure the team is high-performing, well-motivated and committed to the advancement of IFC’s strategic goals.
• Staff portfolio projects with the appropriate resources with the view to deploy the most appropriate technical expertise and provide exceptional client service, while keeping in mind career and training development needs of IFC staff.
• Contribute to and produce Knowledge Management tools through relevant Lessons Learned from the portfolio and maintain feedback loops from portfolio to new business development, including Upstream.
• Lead the INR Africa team as part of the INR Africa Leadership team, in close coordination with the regional and global INF teams.
• Be part of, and actively contribute to, the Regional Leadership Team of the Africa VPU as well as the Global INF Management Team.
• Provide the full range of administrative and HR management oversight.

Selection Criteria

• Master's Degree or equivalent professional qualification and a minimum 12 years of relevant work experience.
• Deep familiarity with the INF sector and related sector issues, and proven experience managing complex investment transactions.
• Demonstrated ability to think strategically, develop innovative solutions, challenge the status quo and make sound decisions to build IFC business.   
• Experience sourcing and structuring complex investment transactions in the INR sector with a proven track record and proven success in developing client relationships and processing quality investments.
• Strong sense of service to clients and demonstrated business development and portfolio aptitude. Proven success in developing client relationships and monitoring quality investments.
• Ability to deliver high-quality work within deadlines to meet team objectives.
• Ability to develop innovative solutions and challenges the status quo to build the business.
• Ability to work in the organizational matrix as an integral part of the Regional Industry Department.
• Ability to collaborate closely with other parts of the World Bank Group and other DFIs and financing institutions and banks.
• Awareness of environmental and social sustainability issues associated with projects in INR.
• Demonstrated leadership skills and strong teamwork and communications in a highly diverse, virtual environment.
• Ability to plan and manage staff to achieve high quality results and encourage innovation in an open team-based environment, inspiring trust and influencing and resolving differences across organizational boundaries.
• Meet Bank Group-wide managerial selection criteria including courage of your convictions, leading the team for impact, influencing across boundaries, fostering openness to new ideas and building talent for the future.  

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Job No: req21170
Location: Lagos, Nigeria
Sector: Administration/Office Support
Grade: GD
Term Duration: 2 years 0 months
Recruitment Type: Local Recruitment
Required Language(s): English and French

Description

• IFC’s Sub-Saharan Africa Department is seeking to recruit a highly motivated and well-organized Senior Executive Assistant to support the Regional Director for Central Africa & Nigeria. 
• This role will contribute to the effective operation and administrative coordination of the Director’s front office and the broader Sub-Saharan Africa Department.

Duties and Accountabilities

• Provide high-level administrative and organizational support to the Regional Director
• Effectively communicate with all members of the Front Office to ensure coordination of efforts and efficiency
• Coordinate the Director's calendar, schedule and travel arrangements; Make sure the Director is fully prepared for each meeting/presentation/event
• Maintain a strong overview of the Department’s work program, ensuring timely delivery of tasks/actions needed by the Director and the management team. Help ensure that the Director action list is consistently current
• Provide quality control by monitoring documents for accuracy, ensuring adherence to unit and Bank guidelines and procedures, and assisting in editing, formatting, and production of documents and correspondence
• Proactively handle incoming emails. Delegating these to the relevant staff members and following up to make sure that they are handled on time. Independently prepare answers to queries
• Follow up to ensure that management decisions and assignments are properly carried out
• File, retrieve and track information for the Director's office
• Manage special departmental projects and other ad hoc duties as assigned by the Director toward the attainment of departmental goals
• Act as a liaison for the Director with external clients, Department's management team, HQ colleagues, including senior management, other Directors, and Executive Directors - handling sensitive matters with finesse and discretion.

Selection Criteria

• Bachelor's Degree with minimum 5 years of relevant experience
• Advanced knowledge of office productivity tools (including MS Office, Excel, PowerPoint, Outlook)
• Excellent communication skills – written and oral
• Demonstrated maturity, discretion and good judgement, absolute integrity in handling confidential information
• Outstanding interpersonal skills and the ability to interact effectively with a range of contacts both internal and external.
• Ability to handle complexity and ambiguity, to prioritize and multitask and to handle a diverse range of situations with tact and diplomacy
• Proven ability to work effectively in a team oriented, multi-cultural environment, and function as an effective team member in various groups
• High degree of resourcefulness with the ability to anticipate and solve problems and demonstrated willingness to go the extra mile
• Ability to influence others, excellent team building, collaboration and partnering skills. Demonstrated ability to coach and mentor support staff is an advantage
• Highly developed personal integrity, strong values and personal ethics, role modeling tact and discretion
• Passion, drive and commitment to the World Bank's development agenda and mission and ability to inspire
• Business level French is mandatory.

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Job No.: req21098
Location: Lagos, Nigeria
Recruitment Type: International Recruitment
Term Duration: 3 years 0 months
Sector: Investment
Grade: GG

Description

• The Financial Institutions Group, one of IFC’s industry departments, supports projects in numerous financial subsectors, partners with local financial institutions, develops domestic and regional equity and debt markets and introduces new financing instruments. The goal is to develop efficient financial systems that will increase financial inclusion and fuel economic growth in client countries and enhance IFC’s developmental impact.  
• The Financial Institutions Group is recruiting a Senior Investment Officer to join the Investment and Portfolio Team, which originates, manages and monitors IFC’s financial sector investments in Africa. The position will be based in Lagos, Nigeria. 

Duties and Responsibilities

• The Investment Officer will identify new investment opportunities, execute transactions and actively manage portfolio projects for financial institutions based in mainly in Nigeria and Anglophone Africa.
• Client Relationships: Handle client relationships and provide insights into sector developments in client countries to anticipate new investment opportunities and/or performance issues. Coordinate closely with social, environmental, upstream, and advisory colleagues to add value to our clients' businesses and achieve sustainable development impact. 
• Business Development: Source and assess opportunities, identify bankable projects in target regions, particularly less developed countries, and grow and develop new business transactions. Develop (and/or guide teams in the preparation of) pitchbooks and client proposals in support of new business. In addition, the candidate should be ready to work closely with Fintech and Disruptive Technology teams to develop strategic partnerships to expand IFC’s FIG services to include innovative digital technologies. 
• Structuring and Negotiation: Structure, negotiate and execute new transactions, portfolio restructurings, rescheduling, capital increases, equity sales, etc.
• Deal Execution: Identify and analyze fundamental competitive strengths and weaknesses of investment opportunities or portfolio companies and identify financial and non‐financial issues, opportunities and risk/reward factors (e.g. business environment, country, and sponsor). Ensure that defined transactional requirements recorded in documentation are executed accordingly.
• Transaction Management: Lead and manage project teams to deliver transactions on a timely and expeditious basis and using best practice standards. Lead team from initiation, due diligence, internal approvals, and processing of debt and equity investment, actively handling key work and directing and coordinating work of other team members, including colleagues from across multiple departments as relevant. Take full responsibility and accountability for transaction-related decisions and relationships.
• Strategy Development: Drafting strategies for sectors, countries, or regions for business development; and develop and execute strategies for complex client engagements with the objective of building a robust investment pipeline. 
• Knowledge Sharing: Build IFC's knowledge base for best practices and participate in knowledge sharing and dissemination. Initiate collaboration and share expertise as a subject matter expert, providing advice, peer review and contribution to knowledge products across WBG to strengthen internal and/or external client solutions.
• Mentoring and coaching: mentor, develop and coach less experienced and/or junior investment and advisory services staff and help build talent and grow skill base of staff.

Selection Criteria

• MBA or equivalent qualification. 
• A minimum of 10 years of relevant experience covering the financial sector, preferably in an investment related function.  
• Advanced financial, credit and risk evaluation skills, with demonstrated ability to structure and negotiate a variety of complex financial instruments (debt and equity.
• Documented experience identifying, originating and qualifying new business opportunities developing and executing results-driven client engagements.
• Understanding of the FinTech space, including ability to develop strategic partnerships with FinTech companies. 
• Sound business judgment and strong problem solving/negotiation skills incl. ability to identify issues and present creative, practical solutions, as well as ability to work effectively on simultaneous projects under time pressure. 
• Capacity to work successfully in multicultural teams and across boundaries.
• Demonstrated relationships with the business community including network of top-level contacts in the financial services and investment industries in the sub-region, and governmental authorities, as needed.
• Excellent and demonstrated written, presentation, and business level communications skills in English.
• Genuine commitment to sustainable development.
• The position will require regional and international travel; hence the candidate should be willing and open to travel.

Benefits

• 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.