Do you want to build a career that is full of meaning and impact? The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities where they are needed most. Visit www.ifc.org
The Global Municipal & Environmental Infrastructure (CNGME) unit, in collaboration with the regional industry groups, is responsible for IFC's municipal and environmental infrastructure business, including sub-national investments to municipalities and utilities, and commercial investments in private water and waste companies. As part of this responsibility, CNGME plays a global anchor role of IFC’s Cities Practice. CNGME is looking to recruit a Principal Investment Officer, to contribute significantly to CNGME’s priorities related to sector strategy and expertise, thought leadership and knowledge sharing, market creation and innovation, and to support regional teams in client relationship management, business development, transaction execution and portfolio management. We have an opportunity to substantially grow IFC’s municipal and environmental infrastructure program and Cities Practice. As a senior member of the Team, the selected PIO candidate is being brought on board to strengthen business delivery and to play an instrumental role in making this happen.
Since 2004 IFC has invested $2.3+ billion in 51 sub-national transactions across 34 cities in 16 countries. Early commitments were focused on Eastern Europe and Central Asia and Latin America driven primarily by client demand and readiness in more creditworthy cities with an enabling legal and regulatory framework. As a global private sector financier, IFC is well positioned to support sub-national entities, provinces and subnational entities to access and attract private investors and developers to support urban development.
IFC has invested over $2.8 billion in 76 water and waste sector transactions in more than 24 countries since 2004. Projects include investments in water and wastewater treatment infrastructure, waste recycling facilities, and waste-to-energy plants.
IFC is uniquely positioned to support cities through direct engagement with sub-national entities, provincial governments, utility companies, other subnational entities and private sector solutions providers. Through the establishment of long-term relationships with key municipal clients, and a combined investment and advisory offer, IFC helps cities to address key urban challenges in sectors such as public transport, water and waste water, solid waste management, energy efficiency, and urban property development/green buildings - including through the implementation of smart solutions. Through IFC’s Cites Practice, IFC draws on its global network, mobilizes commercial financing for priority projects, connects cities with capital markets and helps diversify their investor base. We leverage World Bank and private sector expertise and offer project structuring and development support for public private partnerships as well as community outreach and capacity building to facilitate implementation of infrastructure projects.
The selected candidate will be based in Washington DC and will report to the Manager for Municipal and Environmental Infrastructure. The position will have a global focus and the candidate should be willing and able to undertake extended international travel commitments taking up to 30% of their time.
Note: There may be a willingness to consider a potential location outside Washington DC in one of IFC’s hub offices.
Duties and Accountabilities :
Responsibilities include, but are not limited to:
- Be the global sector investment lead in municipal &/or water sub-sector based on the profile of the selected candidate and be the focal investment specialist supporting management and investment teams globally in business development, project structuring and execution in such a sub-sector(s);
- Lead global business strategy development and implementation in select sub-sector of specialization;
- Be the client relationship manager for select global clients to manage and develop client relationships;
- Contribute to thought leadership, knowledge sharing and dissemination across IFC, with an emphasis on knowledge to support business development, market creation, innovation and risk management;
- Lead or support select investment transactions, including origination and processing;
- Work closely with CNGME manager and senior colleagues, with other WBG units, and external stakeholders on municipal and environmental infrastructure sub-sector strategies, and implementation plan (upstream and/or mainstream);
- Actively monitor industry and market trends, participate in industry functions and build sector relationships globally;
- Mentor and coach junior staff and help build talent and grow skill base of staff;
- Overall, the candidate is expected to share time and effort across: (i) global knowledge for business and sector leadership; (ii) global client relationship; and (iii) transaction support and processing. Depending on the candidate profile and interest as well as Unit needs, the allocation around these three areas of work may vary.
- At least 15 years’ experience in the public and/or corporate finance analysis
- Master's degree in finance, economics or similar relevant education;
- 10+ years of relevant experience, preferably with several years at a development finance institution;
- Significant investment and sector experience in municipal & / or environmental infrastructure, with sub-sector specialization and expertise;
- Proven ability and interest in understanding and synthesizing municipal & environmental infrastructure sector dynamics, challenges and opportunities with active engagement in knowledge creation and dissemination;
- Strong transaction experience in project development, origination, structuring, and portfolio management of power sector transactions in developing countries;
- Familiarity with multiple financial products ranging from project finance to quasi-equity and straight equity;
- Established industry networks and ability to build and maintain strong relationships with clients, government authorities, industry groups and experts;
- Strong analytical and problem-solving skills and sound business judgment to identify issues and present creative and practical solutions;
- Capacity to deal with conflicting priorities and deliver high quality work on schedule; facility to work successfully in multicultural teams and across boundaries;
- Collaborative work style, team player;
- Excellent communication skills in both oral and written English;
- Highly motivated and proactive, committed to highest ethical standards;
- Interest in the World Bank Group and IFC’s mission, strategy and values;
- Experience of working in emerging economies and willingness and ability to travel extensively internationally;
- Fluent in English; other languages are a plus.
If the selected candidate is a current World Bank Group staff member at GH2 level, s/he will retain his/her GH2 grade level subject to requisite internal approvals. All others will be offered a GH1 grade level.
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