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 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.
Climate change is one of the greatest development challenges of our time. Further, the people who contribute the least to climate change could suffer the most from its effects. On the other hand, climate is also a major economic opportunity that can promote growth, create jobs, and accelerate the transition to low-carbon development. In fiscal year 2023, IFC delivered 46% in own-account climate finance and mobilized an additional $6.8 billion. The World Bank Climate Change Action Plan (2021–2025) outlines the institution’s collective response to align financial flows with the goals of the Paris Agreement (referred to as “Paris Alignment” or “PA”).
IFC’s Infrastructure Group (including the Infrastructure and Energy Departments) is one of the three Industry Groups within IFC, with an existing investment portfolio of about US$10 billion under management. It provides investment and advisory services for private sector and municipal clients across energy, mining, transport, utilities, and telecom/media/technology sectors, and further mobilizes private sector capital from institutional investors and other financial institutions. IFC Infrastructure is committed to aligning its operation with IFC’s Paris Alignment commitments and has an ambitious target to further scale up its climate business over the coming years, including through sustainable finance which is a key tool for IFC to meet its climate finance targets.
It is in this context that IFC Infrastructure is seeking to recruit an (Associate) Investment Officer. The successful candidate will be based in Washington DC and expected to work across multiple time zones. He/she will report to IFC Infrastructure’s Global Lead for Climate and Sustainability Innovation, and will be a member of the Innovation & Strategic Initiatives Unit in the Global Infrastructure Department.
Roles and Responsibilities
Under the supervision of a senior colleague within the team, he/she will be expected to:
• Support the review, monitoring and implementation of IFC’s Paris Alignment commitments as they relate to IFC’s infrastructure business. Provide technical input where relevant, in close collaboration with Global Sector teams and the Climate Business Department;
• Contribute to providing technical advice on Paris Alignment and Climate Finance-related issues to investment, upstream, and advisory project teams within IFC Infrastructure, in close collaboration with Global Sector teams and the Climate Business Department
• Support investment and advisory project teams on business development efforts related to Climate, Sustainable and/or Transition Finance as required (assessments, talking points, climate and ESG data collection, etc.)
• Support the development of new climate and sustainability-related products, initiatives and other innovations
• Be actively involved in the execution of select climate-related investment transaction(s)
• Contribute to promoting IFC Infra’s climate and sustainability business (Renewable Energy, Electric Vehicles, Electric Equipment, Water Treatment and Savings, Energy Efficiency/Green Buildings, etc.) through trainings, external communications, and other relevant channels.
• Prepare reports, presentation materials, briefings and other deliverables as required, in coordination with relevant colleagues within IFC Infrastructure and with other functions.
Selection Criteria
• Master’s degree in Business, Economics, Finance, Operation Management, Engineering or a degree related to the design or delivery of infrastructure projects and/or decarbonization and adaptation.
• 4-8 years of relevant work experience in financial or advisory services related to infrastructure sectors (Energy, Mining, Transport, Utilities, Telecom, Media & Technology) or to climate mitigation and adaptation. Experience with investment banks, private equity funds, institutional investors, consulting firms and/or international financial institutions strongly preferred.
• Strong analytical skills
• Ability to manage and produce quality reports and presentations.
• Strong communication skills in both oral and written English.
• Proactive and self-motivated, with the ability to work well with minimal supervision.
• Strong drive to deliver on time and with quality; desire for professional growth.
• Collaborative work style and a team player.
• Willingness and ability to travel.
• Understanding of IFC operations and its investment project cycles as well as its Paris Alignment and Climate Finance approaches is a plus.
• Additional language skills are a plus.
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 World Bank and IFC, including our values and inspiring stories.