international finance corporation
tendersglobal.net

Working hours (%): 80-100% / 100%
80-100% / 100%
Type of contract: Staff (Permanent and Fixed Term)
Macro-area: Middle East and Northern Africa
Level of experience: Senior Professional, more than 5 years
Area of work Definition: Banking and Finance
Type of organisation: Multilateral Organisations
Company presentation
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries.
We utilize and leverage our products and servicesas well as products and services of other institutions in the World Bank Groupto provide development solutions customized to meet clients’ needs. We apply our financial resources, technical expertise, global experience, and innovative thinking to help our partners overcome financial, operational, and political challenges.
Clients view IFC as a provider and mobilizer of scarce capital, knowledge, and long-term partnerships that can help address critical constraints in areas such as finance, infrastructure, employee skills, and the regulatory environment.
IFC is also a leading mobilizer of third-party resources for its projects. Our willingness to engage in difficult environments and our leadership in crowding-in private finance enable us to extend our footprint and have a development impact well beyond our direct resources.
For more information, visit www.ifc.org
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Job description
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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.
Private sector financial development is essential to the promotion of successful and sustainable economies 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. IFC’s goal is to prioritize investment in the financial sector because it promotes development in all other sectors.
The Financial Institutions Group (FIG), one of IFC’s industry departments, supports projects in numerous financial sub sectors, partners with local financial institutions, develops domestic and regional equity and debt markets and introduces new financing instruments. 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. The goal is to develop efficient financial systems that will increase financial inclusion and fuel economic growth in client countries and enhance IFC’s developmental impact.
FIG MCT (Middle East, Afghanistan, Pakistan, Central Asia, and Turkey) team is based across the region with main hubs and locations in Istanbul, Dubai, Almaty, Karachi, and Amman. The team members work on both new business development and processing, and portfolio management across the region.
The FIG MCT team is seeking to hire an Associate Investment Officer based Riyadh, KSA to help grow and develop business particularly in the Middle East, Pakistan and Afghanistan sub-region of MCT.
Roles and Responsibilities
• Demonstrate a thorough understanding of the financial institutions sector knowledge, including the areas of commercial banking and non-bank financial institutions.
• Help the FIG MCT team develop and evaluate a pipeline of investment opportunities that fit IFC’s development impact strategy in the sub-region.
• Actively contribute to the processing of transactions, including the internal preparation of written approval documents to move transactions forward.
• Become a core member of the transaction teams, which structure, negotiate and close new transactions (both on debt and equity investments) with a strong focus on counterparty and asset quality (includes evaluating new opportunities, processing mandates, attending due diligence, taking part in term sheet negotiations and handling other documents).
• Support investment transactions by actively handling key transaction approval documents internally, while coordinating with extended team members from multiple support departments.
• Assume portfolio supervision responsibility for the proactive management of multiple FIG MCT portfolio investments.
• Conduct sector-specific data analysis and industry mapping to support business development and transaction processing activity; and stress-testing of various
operating models, as needed, to support portfolio supervision efforts.
Selection Criteria
• MBA or equivalent MA level qualification with specialization in finance, economics, or a directly related field.
• At least 5+ years’ full time professional working experience across the banking and finance sectors with a proven track-record of supporting the origination, structuring, and closing processes of investments, along with portfolio supervision work, as well as client relationship management.
• Demonstrate sound business judgment, problem solving skills, strong financial and credit knowledge (debt and equity)
• Financial modeling skills
• Client relationship skills (proven ability to focus on clients’ needs)
• Ability to work successfully in multicultural teams and across boundaries
• Strong inter-personal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds
• High level of motivation with a commitment to highest ethical standards
• Genuine commitment to sustainable development
• Ability and willingness to travel frequently
• Excellent oral and written communication skills in English are an absolute must, including a demonstrated ability to communicate complex ideas clearly and tactfully to a variety of audiences
• Fluency in Arabic would be a desired attribute for this role.
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.
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