(Associate) Environmental and Social Development Specialist

IFC - International Finance Corporation (World Bank Group) IFC Sector: Environment Grade: GF Term Duration:&nbsp 3 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 9/11/2024 (MM/DD/YYYY) at 11:59pm UTC 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. For more information, visit www.ifc.org. The Environmental &amp Social Policy and Risk Department (CES) delivers four functions: •&nbsp Policy and Standards: Maintains and updates IFC’s sustainability policies, standards, and procedures as a world-class resource for IFC clients and external networks.&nbsp •&nbsp Risk Management: Ensures IFC has appropriate systems, procedures, and capacity to deliver on E&ampS risk management. Adds value to the management of E&ampS risks, reviewing the E&ampS aspects and classification of all projects at origination and providing oversight, guidance, and support for high-risk projects in the pipeline and for high-risk and non-performing projects in IFC’s investment portfolio.&nbsp •&nbsp Stakeholder Grievance Response: Facilitates and improves IFC’s ability to resolve stakeholder complaints quickly and effectively and address both CAO and non-CAO complaints.&nbsp&nbsp •&nbsp Knowledge, Learning, and Systems: Fosters the E&ampS community of practice and transforms lessons learned into guidance, E&ampS risk management tools and systems, learning, accreditation of E&ampS staff, and knowledge products that enhance IFC’s E&ampS performance. CES collaborates closely with IFC’s investment departments and ESG professionals housed in Operations. IFC is unique among development finance institutions in having this cadre of in-house environment and social experts. More details can be found at www.ifc.org/sustainability. Duties and Accountabilities IFC is looking for three dynamic, motivated, and detail-oriented professionals with strong analytical, communication, interpersonal, investment, assurance/audit, or environmental/social skills to join, support, and learn from the Policy and Risk Department’s senior and seasoned team of environment and social specialists who are responsible for the Environmental and Social Risk function within IFC. Candidates must be flexible to relocate to another location in the region. Associates will report to Principal E&ampS Officers and have some mentoring and oversight responsibilities for analysts. Key accountabilities include: •&nbsp New business: Support CES’s risk function on new business by reviewing investment team E&ampS diligence and undertaking independent due diligence of IFC’s proposed investments in high E&ampS risk direct investment projects (e.g., in the mining, manufacturing, infrastructure, agribusiness, health, education and tourism, retail and property sectors) and/or high E&ampS risk investments through financial intermediaries (e.g., banks, private equity, and capital markets investors) to: o&nbsp identify environmental and social risks and any gaps in impact assessments and management plans for alignment with IFC’s Performance Standards o&nbsp problem solving to suggest appropriate mitigation measures, budgets, and contractual alignment of interest to address risks and impacts o&nbsp capture and codify precedents and benchmarks across transactions (see Policy function) and o&nbsp production of high-quality work products that clearly and logically frame and concisely communicate risks and mitigants. •&nbsp Portfolio: Support CES’s risk function of portfolio monitoring by reviewing client reporting, investment agreements, investment team E&ampS monitoring reports (and supporting documentation) and performing independent analysis of IFC’s portfolio to: o&nbsp maintain a Watchlist of high-risk, non-performing, or complaint-generating projects o&nbsp coordinate with ESG staff in regions to build a clear picture of the issues associated with clients and review recovery action plans proposed by the investment team for agreement with the client o&nbsp perform assurance/audit reviews of IFC diligence and monitoring work quality on selected projects o&nbsp review waiver, disbursement, and exit requests associated with projects o&nbsp entire portfolio analysis to identify and assess trends associated with specific risk themes, sector themes, work quality themes, etc., and o&nbsp production of high-quality work products that clearly and logically frame risk mitigation o&nbsp production of high-quality work products that clearly and logically frame risk mitigation. •&nbsp Knowledge Management and Learning: Support CES in developing and delivering E&ampS learning across the corporation to Investment and Operations staff and professional learning to E&ampS staff. Participate in cross-regional and global teams responsible for preparing policy interpretation notes on E&ampS topics and contribute to the corporate knowledge base by analyzing and disseminating lessons learned from project work. o&nbsp prepare management briefs of relevant E&ampS matters. o&nbsp support team gathering lessons learned and providing input to E&ampS knowledge products and policy interpretation notes and o&nbsp support in developing e-learning and other training programs. Selection Criteria •&nbsp Master’s degree in a relevant discipline (e.g., environmental management, science, social sciences, engineering, or other related discipline). •&nbsp Minimum of five years of private sector work experience, including or associated with the assessment and management of environmental and/or social impacts in a consultancy, industrial, or commercial role but with consideration to the specific areas of accountability described above. •&nbsp Knowledge of international good practice for private sector management of E&ampS risks, including the IFC Sustainability Framework and supporting documents such as Guidance Notes and EHS Guidelines. •&nbsp Ability to synthesize and analyze diverse E&ampS-related data and information from various sources. •&nbsp Strong quantitative analytical skills, extensive experience and comfort with Excel, and ability to analyze data for trends and produce various supporting graphics to illustrate. •&nbsp Clear thinking with the ability to synthesize a wide range of issues and succinctly communicate (verbally and in writing) the key concerns and proposed solutions. •&nbsp Good team player with strong interpersonal skills, including the ability to work as a multi-disciplinary and multi-cultural team member, work effectively in and influence a team, and network effectively across boundaries. •&nbsp Ability to travel regularly to and work effectively in IFC client countries is essential. •&nbsp Familiarity with IFC/World Bank operations, procedures, and culture will be advantageous. World Bank Group Core Competencies The World Bank Group offers comprehensive benefits, including a retirement plan medical, life and disability insurance and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities. We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Learn more about working at the&nbspWorld Bank&nbspand&nbspIFC, including our values and inspiring stories. We do our best to provide you the most accurate info, but closing dates may be wrong on our site. Please check on the recruiting organization's page for the exact info. Candidates are responsible for complying with deadlines and are encouraged to submit applications well ahead. Before applying, please make sure that you have read the requirements for the position and that you qualify. 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