World Bank Group
tendersglobal.net
Job Description
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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 with 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 $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to improve people’s lives as economies grapple with the impacts of global compounding crises.
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 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.
The FIG’s Middle East, Central Asia, Türkiye, Afghanistan and Pakistan (MCT) team is based across the MCT region with main hubs and locations in Istanbul, Amman, Almaty, Tashkent and Dubai. The team members work on both new business development and processing, and portfolio management across the region.
The FIG CAT team is seeking to hire an Investment Officer based in Istanbul, Turkiye to help grow and develop business and to help portfolio management in CAT.
Responsibilities:
Specific responsibilities include, but are not limited to:
- Proactively manage assigned portfolio investments, monitor financial standing of clients and their compliance with all the aspects of legal agreements.
- Support structuring, negotiations and processing of debt and equity investments, as may be necessary, with a strong focus on client and asset quality (includes evaluating new opportunities, due diligence, negotiating mandate letters, term sheets and other transaction documents).
- Identify and evaluate opportunities to increase the social development impact of new or portfolio projects.
- Lead new transactions (as may be assigned) and negotiate appropriate financial structures, terms and conditions of investments.
- Help in development of a pipeline of good quality investment opportunities.
Selection Criteria:
- MBA or equivalent qualification with specialization in finance.
- At least 6+ years working experience in finance with a proven track-record of supporting the origination process, structuring and closing investments. Strong preference for someone with investment experience in the financial sector.
- Solid understanding of banking, non-bank financial institutions and related industry knowledge.
- Strong financial and credit skills; modeling skills; demonstrated ability to structure a variety of financial instruments (debt and equity).
- Client relationship skills, track record and ability to identify clients’ needs.
- Strong inter-personal skills to work successfully in multicultural teams and across boundaries.
- Commitment to highest ethical standards.
- Genuine passion for sustainable development.
- Excellent verbal and written communication skills in English and Russian
Source: https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=26910&site=1
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