Director, Global Banking and Capital Markets

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.

IFC is seeking to recruit a Director to lead the Banking & Capital Markets Department within the Global Financial Institutions Group (FIG), covering IFC’s investment and advisory services. The Director will provide leadership and vision for IFC’s business and products in the banking and capital markets space. It also includes providing global knowledge and thought leadership, chairing investment review meetings, collaborating across the World Bank Group (WBG) on sector strategies, and managing global client relationships. 

The position is based in Washington, DC, and reports to Vice President, Industries. The Director will be an integral member of the leadership team of the Industries Vice Presidency and work very closely with the other two Directors responsible for Non-Bank Financial Institutions and Trade and Supply Chain Finance. Together these three Directors will form the core leadership of IFC’s Financial Institutions Group to deliver on IFC’s ambitious growth in debt, equity investments, mobilization, and innovation. The FIG Leadership will also jointly manage certain cross-cutting themes and staff across the three verticals. 

Duties and Accountabilities:

The Director will be expected to provide thought leadership, vision, and an enabling environment for staff to fulfill the IFC Operations and WBG mission with passion and professionalism.  In particular, the Director of FIG will provide operational, strategic, and managerial support to FIG and Operations leadership.  The Director’s responsibilities will include:

• Providing thought leadership and developing FIG strategy and priorities globally, with a focus on strategic areas such as Climate Change and Gender.
• Collaboration with FIG Regional Industry Directors and Managers as well as FIG sector managers, to direct the activities of multidisciplinary global and regional teams and develop investment and advisory strategies that leverage cross-cutting solutions in climate and green, capital markets, structured finance and housing, as well as financial inclusion with a focus on gender finance that help build a range of innovative market creating solutions.
• In collaboration with FIG’s senior leadership, management of direct business growth efforts by building senior relationships with global and regional financial institutions to help develop country, sector, and client-based solutions in line with WBG and IFC country strategies.
• Building strong partnerships and dialogue with the leadership of other partner global financial institutions that play a key role in emerging markets.
• Overseeing the development of new products or modification of existing products to address market needs created by regulatory changes or shifting business practices, conditions, and economic trends.
• Collaboration with FIG and real sector clients with the intention to grow IFC’s business within manufacturing, agribusiness, services, and infrastructure, and natural resources.
• Establishing and developing close collaboration and maintaining partnerships with peers in IBRD/IDA, MIGA, IMF, and other organizations, including development finance institutions, and engaging with shareholders at senior decision-making levels, including through capital markets development, innovative technology-based solutions, their implications and risks, how to manage them, and opportunities for collaboration.

Selection Criteria

• A Master’s degree or equivalent professional qualification in finance, business, or equivalent and a minimum of 15 years of relevant work.
• Commitment to development and a proven track record showing alignment with the World Bank Group and IFC’s mission, strategy, and values.
• Strong track record of business delivery, demonstrated investment experience, superior business judgment, and established professional credibility.
• Deep understanding of financial markets, the role of financial and capital markets in economic development, and the role of financial institutions in maintaining macro-financial stability.
• Solid understanding of financial market products and regulations.
• Strong technical understanding of the investment and advisory businesses, including product development, structuring, client relationship management, credit and equity skills and superior risk management.
• A track record of innovation in developing and structuring products to support investment in emerging markets.
• Proven credibility with credit and risk functions, having effectively chaired credit and investment review committees.
• Ability and willingness to make decisions, take accountability, and hold others accountable for results.
• Proven track record of managing and motivating staff across different locations, making staff development a high priority.
• Demonstrated ability to assemble diverse, high-performing teams in a dynamic and multicultural environment.
• Capacity to build strong client relationships that lead to results-oriented and development-focused partnerships.
• Excellent people management skills and openness to feedback and new ideas, and ability to guide staff to solutions.
• Recognized as a team player, leader, strategic thinker, and thought leader, who models the highest ethical standards in his/her actions.
• Strong written and verbal communication skills.
• Ability to represent IFC externally and to develop and manage relationships with clients, government, media, donors, and other stakeholders.
• Meet World Bank Group-wide managerial competencies – Courage of your Conviction, Leading the Team for Impact, Influencing Across Boundaries, Fostering Openness to New Ideas, Building Talent for the Future.

WBG Leadership Values & Managerial Behavior

• Leadership of Self: Role model the change and values for WBG; Demonstrate courage of convictions, ownership and self-mastery within the organization in accordance with our values.
• People Leadership: Lead and inspire staff to perform and deliver for better results; Help others achieve their fullest potential through coaching and mentorship.
• Strategic Vision and Innovation: Ability to appreciate broad macroeconomic risks that impact financial markets and develop innovative approaches to manage and mitigate those risks, particularly in FCS countries.
• Collaborative Leadership: Be mutually accountable for entire WBG’s corporate targets and success; Work across WBG and with clients and partners to achieve better results.
• Client Solutions Leadership: Be the leading provider of development solutions for country clients; Provide leadership in both knowledge generation and knowledge sharing.
• Decisive Leadership: Take informed risks and make decisions in a transparent manner resulting in transformative impact for clients; Commit to decisions once they have been made.
• WBG 5 Managerial Competencies: Courage of your convictions; Leading Teams for impact; Influencing across boundaries; Fostering openness to new ideas; and Building talent for the future.

Source: https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=29297&site=1