World Bank Group
hiring-jobs.com
Job Description
<!–
Description
–>
Description
- IFC — a 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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.
- The Financial Institutions Group (FIG) is one of IFC’s key departments responsible for a significant portion of IFC’s business volume, profitability, and development reach, approximately 40%. 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 globally to IFC’s clients through IFC’s global network. FIG has three main objectives: 1) financial inclusion 2) servicing the real economy and 3) mobilizing third-party resources.
- FIG’s East Asia and the Pacific (EAP) team is based across the region, including main offices in Singapore, China (Beijing), Indonesia (Jakarta), Vietnam (Hanoi and HCMC), the Philippines (Manila), and Thailand (Bangkok), as well as other smaller offices across the region. The team members work on both new business development (including transaction processing) and portfolio supervision/client relationship management across the region. Both new business and portfolio supervision activities of the FIG team entail engagement with all types of financial intermediaries (e.g., commercial banks, microfinance companies, insurance companies, NBFIs) across multiple products ranging from senior debt to straight equity investments.
- FIG is recruiting a GG-level Investment Officer to join its investment team that originates, manages, and monitors IFC’s financial sector investments in Vietnam. The Investment Officer will be based in Hanoi or HCMC, Vietnam, and will report to the FIG Regional Industry Manager covering North East Asia.
Roles and Responsibilities
The roles and responsibilities of the role include but are not limited to:
- Demonstrate a thorough understanding of banking, financial institutions, and related industry knowledge
- Develop investment promotion strategies in the region, including targeting potential investors and promoting IFC’s products and services proactively
- Build and maintain strong relationships with clients, banking and multilateral partners, and government officials to develop specific investment opportunities
- Evaluate, structure, negotiate, and close new transactions, portfolio restructurings, rescheduling, capital increases, and equity sales, with a strong focus on credit and asset quality (including processing mandates, due diligence, negotiating term sheets and other documentation, syndications, and board approval)
- Provide support to regional industry and portfolio teams in processing and supervising regionally managed projects
- Assist in the development of the Financial Institutions Group’s knowledge management strategy and assist in the execution of this strategy
- Coordinate closely with social, environmental, advisory, and technical assistance colleagues in order to champion IFC’s value to our clients’ businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact
- Take responsibility for the supervision of one or more investments in the financial industry sector, with a particular focus on problem/restructuring situations
- Mentor and coach less-experienced investment staff and help build talent and grow the skill base of staff
- Assist in other project or strategy-related activities as needed
Selection Criteria
- Master’s degree in finance, economics, or other related areas; accreditation as a CFA or CPA is considered a plus
- At least 8 – 10+ years of professional experience with a minimum of 5+ years of relevant experience in the financial sector, with evidence of growing expertise in banking and non-banking financial institutions and finance-related disciplines
- Strong financial and credit skills; demonstrated ability to structure and negotiate a variety of complex financial instruments (debt and equity)
- Strong skills in evaluating risk and the ability to anticipate short- and long-term implications of decisions
- Hold self and team accountable for risk management and outcomes
- Ability to interact directly and independently with the senior management of potential clients, financial and technical partners, as well as senior government officials
- Ability to systematically share good practices with others and learn from lessons across WBG, clients, and partners
- Considered an expert in the subject area and sought out by colleagues to advise, peer review, or contribute to knowledge products of others
- Skilled in collaboration across boundaries and broadly, with the ability to bring differing ideas to the forefront
- Good relationship management skills with a proven track record of success in developing client relationships and executing client engagements
- Excellent business judgment and strong analytical and problem-solving skills to identify issues and present creative, practical solutions
- Capacity to deal with conflicting priorities and deliver high-quality work on schedule; ability to work successfully in multicultural teams and across boundaries
- Excellent oral and written presentation skills in English are required
Source: https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=29088&site=1
<!—
<!–
Recommend your friend
<!–
–>
To help us track our recruitment effort, please indicate in your cover/motivation letter where (hiring-jobs.com) you saw this job posting.