Posted:1 hour ago
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
Role & Responsibilities
Responsibilities include, but are not limited to:
- Work with teams to identify and assess potential Blended Finance projects (including projects to be funded by the IDA PSW, CCW, FOF and BFF and LCF, the various Blended Finance facilities for Climate, GAFSP Private Sector Window, the Gates Foundation partnership, the Global SME Finance and the Women Entrepreneur Financing Facility (We-Fi) and other blended finance facilities.
- Liaise with staff to monitor and support the expansion of Blended Finance pipeline.
- Contribute to investment structuring related to the blended finance funded investment in projects, platforms & programs, including modeling of respective risks and subsidies, and to assess the products/structure that meets the project needs and has an adequate risk/return for the contributor.
- Work closely with IFC investment teams to prepare and take responsibility for documentation and processing of blended finance co-investment to Blended Finance Committee/Director and for contributing to the IFC investment proposal, Board documentation, and client legal agreements.
- Have a keen interest in financial engineering for derisking projects and enhancing PCM
- Work with colleagues in the Unified Guarantee Platform / MIGA on customized political risk mitigation products where IBRD / MIGA products are not available.
- Understanding of local currency solutions offered by development banks
- Attend appraisal on an as-needed basis depending on transaction team need for additional skills and analysis to be provided by the blended finance investment officer or if proposed co-investment structure has significantly different interests than the IFC investment requiring independent judgement on behalf of the donors.
- Liaise with relevant staff and identify and monitor weaknesses, risks, and early warning signals in the portfolio of contributor-funded projects to assess progress and performance.
- Analyze and process client requests, including disbursements, waivers, and amendments related to the contributor-funded co-investment.
- Assist in the preparation of analytical reports, strategy documents, briefs, and project profiles.
- Contribute to team's knowledge management initiative, including communication products to share information and lessons of Blended Finance co-investments with internal and external stakeholders, in particular contributing partners.
- Prepare reports and presentations on the portfolio's performance for internal and external audiences.
- Engage with donors and support fundraising and new initiative development as needed.
- Participate in Departmental initiatives to bolster the practice and business case for blended finance.
Selection Criteria
The candidate should be someone with:
- MBA or Graduate degree, specialization in finance/investment strongly preferred.
- [6]+ years relevant experience in working on cross-border emerging market investments with a track record of structuring/executing and supervision and portfolio management of complex investment transactions, including in local currency, capital markets, and structured finance.
- Experience with IFC’s investment and portfolio management processes, equity, quasi-equity, loan, guarantee, and other investment documentation, accounting, and financial statement analysis.
- Knowledge of IFC products, operations and, preferably also, its approach to blending concessional finance alongside IFC's investments for its own account a plus.
- Understanding of IFC’s investment practices with knowledge of current issues, challenges, and opportunities in implementing blended finance investments a plus.
- Ability to grasp details, solve problems, identify key issues for action and manage/incorporate stakeholder interests, and explain issues clearly and confidently.
- Clarity in the presentation and delivery of information, including gathering lessons of experience and impact stories to be shared with contributors and other internal and external stakeholders, and resilience to work well under time and workload pressure with minimal supervision.
- Ability to manage and complete multiple projects simultaneously and to meet deadlines under pressure.
- Commercial interest in development issues and strengthening sustainable development.
- Excellent written and verbal communication skills in English and other languages, such as French or Portuguese a plus.
- Deliver Results for Clients - Proactively addresses clients' stated and unstated needs.
Salary: Discuss During Interview
Education: Diploma
Employment Type: Full Time