Associate Investment Officer

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 Financial Institution 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 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 activity of the FIG team entails engagement with all types of Financial Intermediaries (e.g. commercial banks, microfinance companies, insurance companies, NBFIs, etc.) across multiple products ranging from senior debt to straight equity investments.

FIG is recruiting two Investment Officers to join its investment team that originates, manages and monitors IFC’s financial sector investments in Viet Nam and/or Thailand.  The Investment Officers will be based in Hanoi, HCMC (Viet Nam ) or Bangkok (Thailand), and will report to the FIG Regional Industry Manager covering North East Asia.

If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3-year term appointment. 

Duties and Accountabilities:

The duties and accountabilities of the role include but are not limited to:

• •  Analyze operational and financial performance as well as credit and integrity risks of potential clients and projects.
• •  Collaborate in developing client strategies and engagement plans and pitchbooks.
• •  Collect financial and operational information from clients, research pricing information, research policies, and procedures.
• •  Build complex financial models, perform due diligence and financial analysis, and/or provide quality control over financial analysis and projections developed by an analyst to evaluate benefits and risks of straightforward transactions.
• •  Draft memos and concept notes for repeat business. Independently handle waivers, amendments, and ESAM for straightforward portfolio projects (in coordination with relevant departments) under the general supervision of senior investment officer.
• •  Engage with mid-level clients of straightforward projects to understand their business directions and challenges that may lead to new opportunities, and support design of client engagement plans, as applicable.
• •  Establish and maintain relationships with mid-level clients and other stakeholders (government, development partners, WBG) to explore straightforward business opportunities.
• •  Monitor macroeconomic indicators of sector and country market conditions as well as social and political information that are relevant to assigned portfolio.
• •  Perform credit and risk assessments, financial projections, covenant compliance reviews (debt), and monitor changes to flag risks in the portfolio.
• •  Perform assessment of project development impact and articulate realization of AIMM story and market creation impact, if any.
• •  Prepare investment committee or advisory committee materials for straightforward transactions, ensuring adequate applicability of IFC’s policies and procedures.
• •  Coordinate with internal stakeholders (legal, ES&G, economists, and sector specialists) to identify ways to strengthen development impact and financial sustainability of projects.
• •  Responsible for doing rating reviews of loan loss reserve on a quarterly basis for the overall assigned portfolio. Run models for equity valuations to determine the need to modify exit strategy.
• •  Structure straightforward transactions to add value to clients and mitigate risks, taking into consideration lessons learned from earlier transactions and portfolio management.

Selection Criteria:

• •  Master’s degree in a related field and at least 6–8 years of relevant experience. Related fields of education include business, finance, or economics or an area of expertise specific to a sector, subject matter, or industry specialty. Relevant experience could include a proven track record in business consulting or investment banking, or operational experience in the sector or technical or professional field.
• •  Capacity to identify barriers for market creation opportunities in a targeted country by tapping into relevant internal expertise and synthesizing information on local regulatory and economic contexts, industry and sector structure and landscape, and constraints clients are facing to grow their business.
• •  Ability to interact effectively with clients and stakeholders by acting professionally, responding to their requests and inquiries, delivering what is promised, and meeting deadlines.
• •  Excellent written, verbal communication, and presentation skills to effectively influence the perception and support of clients/stakeholders.
• •  Ability to draft documents and reports that are concise, well-organized, and appropriately focused on most critical points that are relevant to the target audience.
• •  Utilize charts, graphs, and other presentation techniques to simply communicate complex data and concepts.
• •  Able to share valid opinions and new observations relevant to project outcomes with project leaders in a manner that is concise, cohesive, and focused.
• •  Proven analytical, financial analysis, equity valuation, and financial modeling skills to analyze and form conclusions on company financial information or projects and industry indicators. Able to oversee and provide quality control feedback on financial models prepared by analysts.
• •  English fluency, both Verbal and written.
• •  Capacity to consider transactional aspects of the opportunities being created through Upstream initiatives.
• •  Demonstrate strong integrative thinking and ability to support project teams in developing an integrated viewpoint that connects projects, programs, and initiatives around a development challenge.

Source: https://worldbankgroup.csod.com/ux/ats/careersite/1/home/requisition/32419?c=worldbankgroup