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 in developing countries. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.
Private sector financial development is essential to the promotion of successful and sustainableeconomies in low- and middle-income countries around the world. Sound and efficient financial markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth. IFCs goal is to prioritize investment inthe financial sector because it promotes development in all other sectors.
The Financial Institution Group (FIG) is one of IFCs key Departments responsible for a significant portion of IFCs 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 globallyto IFCs clients through IFCs global network. FIG has three main objectives: 1)financial inclusion 2) servicing the real economy and 3) mobilizing third-party resources.
FIG is seekingto hire an Extended Term Temporary (ETT) based in Panam, Bogota, Mexico or Sao Paulo. ETTs work closely with IFCs Investment Officers who are responsiblefor the design, negotiation, structuring, and subsequent supervision of the Corporations investment projects. ETTs help identify new projects and assist investment officersin executing deals, advising private companies on restructuring and using financial instruments (e.g., risk management tools).
ROLES AND RESPONSIBILITIES:
The ETTs will be integrated into the team that develops new business, completes transactions, and supervises a portfolio of loans, quasi-equity and equity investments in FIGs LAC region.
The candidate is required to know and effectively use fundamental business concepts and practices and to provide analytical, research and other professional support to professional level Investment Officers. The work program is varied and may be somewhat complex requiring evaluation, original thinking and various written outputs.
Monitor operational and financial performance of client companies to evaluate risk and recommend active portfolio management actions.
Monitor portfolio clients compliance with IFC financial, environmental and legal requirements.
Analyze financial statements and other reports from client companies and prepare periodic portfolio reports.
Perform quarterly equity valuations, investment credit analyses and loss reserve recommendations.
Conduct industry, market and company research.
Create detailed financial models and analyze the viability of new investments.
Support the structuring of new investments.
Liaise with colleagues across departments in the region and at Headquarters in Washington D.C.
Support updating pipeline reports for the region.
Bachelors or equivalent degree with specialization in business, finance,
accounting, economics, etc.
Preferably 1 or 2 years of experience in finance, banking, portfolio management or consulting (ideally with a major financial institution, rating agency, consulting firm, etc.)
Sound numerical, analytical and conceptual skills encompassing finance and the associated areas of financial investment, portfolio management, corporate finance and economics.
Strong financial analysis and modeling skills.
Excellent communication (oral and written) and interpersonal skills.
Fluency in English and Portuguese.
Strong sense of team teamwork.
Ability to work in a multi-cultural environment.
Ability to multi-task in a target-oriented environment and produce high quality, error-free work while meeting very tight deadlines.
Commitment to economic development in emerging markets.
World Bank Group Core Competencies
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Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.