International Finance Corporation (IFC)

Industry Specialist (Digital Transformation Specialist Financial Institutions Group)

International Finance Corporation (IFC)

Job Description


IFC—a sister organization of the World Bank and 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 2019, we invested more than $19 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit

IFC has embarked on an ambitious new strategy to stimulate more investment activity, especially in Low Income Countries (LICs) and Fragile and Conflict affected States (FCS). This new strategy aims at creating our own opportunities for private investments in riskier markets by proactively working in these countries to create, deepen, and expand the markets themselves.

The Financial Institutions Group (FIG) is one of the major industry groups at IFC, responsible for managing roughly 40% of IFC’s overall business in terms of volume and capital at risk. FIG engages in a wide range of sub-sectors including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with both investment and Advisory Services delivered to IFC’s clients through IFC’s global network.

IFC's priorities in FIG as an industry group are: (i) grow investment and advisory solutions in all regions it operates in, while achieving strong profitability and development impact; (ii) build new and nurture existing Client Relationships to make IFC the preferred partner for key clients; (iii) manage portfolio of assets for strong profitability and impact; (iv) support local companies, while improving transparency and corporate governance; (v) catalyze foreign investment, including mobilizing B loans, parallel loans, and other forms of capital mobilization; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players; (viii) develop client, sector and country-level solutions through upstream and downstream interventions that can be scaled and replicated; and (ix) be a thought leader and innovator of products and client solutions globally.

With more than 1.7 billion people and between 365-445 million micro, small and medium enterprises (MSMEs) still lacking access to basic financial services in much of the developing world, increasing Access to Finance remains an enormous challenge. FIG cooperates with banks, MFIs and non-bank financial institutions to reach unserved and under-served individuals as well as MSMEs in developing markets, with a special focus on rural areas, gender finance, and IDA/FCS countries. Digitization of Banking and financial services, as well as the growing field of FinTech, both improve the ability of financial institutions to reach unserved populations, and they also threaten to disrupt the business models of traditional players. Supporting the digital transformation of current and future FIG clients and enabling partnerships between banks and FinTechs is a critically important area of focus for FIG.

IFC is seeking a Digital Transformation Specialist to support our ongoing and expanding work in helping our FI partners to successfully achieve their digital transformations, expand their DFS offerings, and engage in partnerships with FinTech firms.

Specifically, this person will:

  • Provide specialist support to FIG’s Financial Inclusion, MSME and Digital Transformation groups in order to help them achieve their investment and advisory targets.

  • Provide specialist support to FIG client institutions (Banks, NBFCs, MFIs, FinTechs, etc.), both as part of IFC investment teams to assess digital readiness and strategy of clients as well as a member of advisory teams.He or she will work with the FIG Banking specialists as needed.

S/he will be based in Washington, D.C. and/or another IFC Hub location and will report to the Manager, MSME Finance and Digital Finance.

Role & Responsibilities:

The responsibilities of the role will include but not be limited to:

  • Provide specialist expertise as member of FIG’s Global Digital Transformation team;

  • Support IFC investment stream as digital transformation and DFS (digital financial services) specialist. This includes new investments as well as portfolio work; much of this work will require frequent travel;

  • Provide advice as specialist to FIG advisory team existing and potential FIG clients (e.g. digital transformation strategy development; product and channel development; risk management, partnerships with FinTechs etc.);

  • Liaise with FIG Banking Specialist team to develop content of and conduct digital readiness reviews;

  • Provide Technical Support and expertise to FIG’s regional departments in ECA, LAC, MEA, and Asia regions; participate in joint missions and appraisals;

  • Support Global FIG team’s strategy development, product design and knowledge management;

  • Provide substantive inputs into FIG’s staff Training Programs; create and disseminate advanced training materials; deliver training modules;

  • Develop analytical work and publications on challenges and opportunities of new technologies in finance;

  • Identify and discuss key issues with IFC clients to identify potential opportunities for engagement and areas for support.

Selection Criteria

  • Minimum of 6-8 years of experience with investment and/or advisory work in digital transformation of financial institutions and/or FinTech;

  • A minimum of Masters’ degree or equivalent professional qualification in finance, business, financial technology, or data science;

  • Technology savvy professional, with a passion for global development;

  • Emerging Markets footprint or experience;

  • Proven skills in working with diverse teams;

  • High emotional intelligence and work ethic, able to contribute in less-defined roles;

  • Strong commitment to knowledge management;

  • Excellent written and oral communication skills, a willingness to be proactive in contacting people and learning about new developments;

  • Highest standards of ethical integrity, transparency and fairness;

  • Willingness to travel extensively, including to developing countries.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.

Apply Now