International Finance Corporation (IFC)

Senior Upstream Officer (Telecoms, Media and Technology)

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 growth strategy (IFC 3.0) to stimulate more investment activity, especially in Low Income Countries (LICs) and Fragile and Conflict affected Situations (FCS). This strategy calls for generating our own opportunities by proactively working “Upstream” to create, deepen, and expand markets and to imagine, Design and implement investment projects. It requires taking a systematic approach to understanding the regulatory and sector bottlenecks that prevent the flow of private capital into productive investment in our member countries, and addressing these bottlenecks through World Bank Group engagement on policy reforms and programmatic interventions at the country and sector level. It also requires capacity to leverage WBG programs and projects to develop our own proactive sector interventions and to imagine and design projects even in the absence of reforms. IFC is seeking a Senior Operations/Investment Officer for Upstream with expertise in the Telecommunications, Media and Technology (TMT), Cloud and Data Infrastructure sub-sector within the Infrastructure and Natural Resources (INR) Department. The INR team delivers financial and Technical Support to clients in the power, transport, telecoms, municipal & environmental infrastructure, oil and gas, and mining sectors, from IFC’s own Balance Sheet and through mobilization of other capital. The selected candidate will focus on supporting the development of a high-quality Upstream pipeline, particularly in respect to TMT, under the supervision of the Principal Investment Officer Upstream and report to the Senior Manager, Infrastructure Upstream. S/he will also support policy work and other interventions across the World Bank Group to prioritize various initiatives and to maximize the impact of Upstream efforts. Role & Responsibilities: The roles and responsibilities of the position will include but not be limited to:
  • Support the identification and assessment of Upstream opportunities based on country and sector strategies and market creation potential.

  • Provide technical advice and support, and contribute to the development of feasibility studies, business models and implementation plans for Upstream projects that lead to IFC investments.

  • Assist in designing and implementing new scalable solutions and platforms similar to “Scaling Solar” that can be replicated across markets.

  • Develop spot game-changing trends, technologies and business models that can bring solutions to emerging markets.

  • Produce regular reports on the assigned Upstream activities including monitoring progress against project milestones and KPIs.

  • Contribute to sector-specific assessments, data Analysis and stress-testing of various operating models to help generate ideas for new projects, new products and platform businesses.

  • Work with the World Bank to analyze sector and regulatory reforms that are needed to unlock opportunities for private investment.

  • Interact with thought leaders and decision makers across the World Bank Group and externally to foster innovative thinking about overcoming regulatory and sector dynamic constraints to increase connectivity and affordability.

  • Interact with a delivery platform across the industry leveraging a network of Upstream tagged staff in the region as well as key internal and external stakeholders, and integrating IFC investment and IFC advisory staff to provide seamless Upstream solutions.

Selection Criteria
  • Master's degree or equivalent professional qualification in Business, Finance, Economics, International Relations, Science, Engineering, or other relevant field.

  • At least 10 years of relevant experience in project and/or program development, producing feasibility studies, hands-on advisory in the TMT sector and, in particular, in the digital infrastructure, cloud and data infrastructure segment. This includes data centers, IoT, 5G and edge computing, cloud computing services and solutions, smart city technologies, broadband and data networks, hardware and network virtualization, service-oriented architecture.

  • Knowledge of IaaS, PaaS, SaaS, DRaaS and MBaaS business models; multi-cloud and High-Power Computing (HPC) models; openVRAN models; knowledge and experience with key regulatory provisions to stimulate private sector investment in the digital, data and cloud infrastructure, including security, privacy and Data Protection; knowledge of data monetization models. Experience dealing with governments and regulators.

  • Experience with promoters, Business Development and strategic partnerships in the cloud and data infrastructure business segment.

  • Genuine commitment to development and to the World Bank Group and IFC's mission, strategy and values.

  • Understanding of IFC’s strategic priorities and changing Business Model against the backdrop of IFC 3.0.

  • Capacity to innovate and challenge the status quo and experience in new idea generation, business development, and creating projects/programs from scratch.

  • Demonstrated understanding of the TMT market in at least three developing countries, including the regulatory environment that promotes private sector investment in TMT, experience and knowledge of TMT solution providers and the risk allocation in concession and similar agreements relating to TMT.

  • Experience working in advisory/ consulting roles in the TMT sector and/or in developing greenfield investment opportunities in the TMT sector is a plus; ability to influence and supervise staff and manage programs across product lines and different geographic zones.

  • Ability to engage with private sector clients, local and national governments and other stakeholders to encourage pioneering business and market development.

  • Experience in project/Program Management, including executing against implementation plans with defined business development milestones.

  • Outstanding analytical and critical thinking skills.

  • Strong written and verbal communications skills in English required. Knowledge of French and Spanish considered an advantage

  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.
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