Posted:Feb 18
By:Hiring Kenya
Company Details
Industry:
Banking
Description:
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and most famous development bank in the world and is an observer at the United Nations Development Group. The bank is based in Washington, D.C. and provided around $61 billion in loans and assistance to "developing" and transition countries in the 2014 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity.
Job Description
Duties and Accountabilities:
- This is an opportunity to work within the infrastructure Africa team, and support the supervision and management of a $5bn portfolio. The Intern will principally assist in delivering (i) essential credit/structuring benchmarks needed for our new transactions, (ii) enhanced operational process to support credit review of the portfolio, and (iii) fund management specific tasks. More specifically, the work will include:
- Projects related:
- Define (in discussion with the Portfolio Leads) a number of key commercial/credit/operational criteria to be tracked across our portfolio projects, that will inform structuring of new projects. Develop a database for these by working with the relevant projects IOs.
- Improve the process of documenting key executed legal information by Projects (project “bible”, relevant amendments and waivers as processed through the PDS changes).
- Portfolio operational:
- Work with Portfolio Leads (and credit if needed) to design a template for PD and LGD on Word, that’ll be used to track changes between quarterly credit review.
- Create a repository for portfolio knowledge management: lessons learned papers, XPSRs, key guidance notes.
- Support training efforts in relation to specific topics (for example fund valuation/supervision, Equity valuation etc.).
- Fund management specific:
- Develop a format and produce IFC Africa Infrastructure Team Fund Investment 2-pagers for all fund projects (currently 10 projects in our portfolio).
- Support generating a CRR in accordance with our investment procedures and requirements.
Selection Criteria
- Candidates must be currently enrolled in a Master’s degree level program
- Preferred field of study: Finance; Accounting; Statistics
- Minimum of 2 years of previous work experience
- Strong Excel skills are required
- CFA would be a plus
Education: Degree, Diploma
Employment Type: Full Time
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