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 and the world’s largest multilateral source of loan and equity financing and advisory services for private sector in the developing world. 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$43.6 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. Working with 2,000 businesses worldwide, IFC draws on more than six decades of experience to create opportunities and solutions where they are needed most.
The Infrastructure and Natural Resources (INR) Industry is one of IFC’s key strategic priorities. The team delivers financial and technical support to clients in the power, transport, municipal & environmental infrastructure, telecommunications, oil and gas, and mining sectors, from IFC’s own balance sheet and through the mobilization of other capital. The Department also seeks to maintain IFC, as part of the World Bank Group, at the cutting edge of helping member countries find solutions to new and emerging infrastructure and natural resource issues.
IFC’s priorities in Asia and the Pacific for INR are: (i) grow business in the region, achieving strong development impact, additionality, and financial sustainability; (ii) build new and nurture existing client relationships; (iii) manage a portfolio of assets for strong profitability and impact; (iv) work closely with the regional management team to strengthen our value proposition and delivery in the region, including by developing joint ventures with other industry teams; (vi) catalyze and mobilize private capital and develop client and sector solutions that can be scaled and replicated; (vii) foster strong relationships with IBRD/IDA and MIGA to identify collaboration opportunities and enhance client delivery and country-level outcomes; and (viii) work closely with the global industry and treasury teams to introduce best international practices, global knowledge, and new financial products.
IFC is seeking a Regional Industry Director (RID) for INR, based in Singapore, who will be responsible for INR activities in Asia and the Pacific. This key leadership role requires significant and demonstrated leadership and management skills.
Duties and Accountabilities:
The roles and responsibilities of the position will include but not be limited to:
Business Responsibility:
The Infrastructure and Natural Resources (INR) Industry is one of IFC’s key strategic priorities. The team delivers financial and technical support to clients in the power, transport, municipal & environmental infrastructure, telecommunications, oil and gas, and mining sectors, from IFC’s own balance sheet and through the mobilization of other capital. The Department also seeks to maintain IFC, as part of the World Bank Group, at the cutting edge of helping member countries find solutions to new and emerging infrastructure and natural resource issues.
IFC’s priorities in Asia and the Pacific for INR are: (i) grow business in the region, achieving strong development impact, additionality, and financial sustainability; (ii) build new and nurture existing client relationships; (iii) manage a portfolio of assets for strong profitability and impact; (iv) work closely with the regional management team to strengthen our value proposition and delivery in the region, including by developing joint ventures with other industry teams; (vi) catalyze and mobilize private capital and develop client and sector solutions that can be scaled and replicated; (vii) foster strong relationships with IBRD/IDA and MIGA to identify collaboration opportunities and enhance client delivery and country-level outcomes; and (viii) work closely with the global industry and treasury teams to introduce best international practices, global knowledge, and new financial products.
IFC is seeking a Regional Industry Director (RID) for INR, based in Singapore, who will be responsible for INR activities in Asia and the Pacific. This key leadership role requires significant and demonstrated leadership and management skills.
Duties and Accountabilities:
The roles and responsibilities of the position will include but not be limited to:
Business Responsibility:
- Develop and implement the INR strategy and priorities in the Region in partnership with the Regional Directors, the Country Managers, the INR Management team, and other Regional Industry Directors, focusing on growing our business and achieving a strong development impact with high additionality and sustainable profitability.
- Lead and grow the overall INR business in the region and be responsible for delivering financially sound, profitable, and developmental new business and portfolio management.
- Strategically position the INR business in Asia and the Pacific, working closely with the Regional Vice President, other Industry Regional Directors, and Regional Directors by developing the Country Strategies.
- Chair and/or manage Investment Review Meetings and make decisions on IFC investments in Asia and the Pacific.
- Be responsible for Upstream and Advisory engagements for INR in the region.
- In collaboration with Senior Management of the INR Global Industry, contribute to the delivery and execution of INR’S regional strategy.
- Partner with the IBRD/IDA and MIGA to develop regional sector strategies.
- Work closely with the Global Industry, Client Relationship Managers, and Treasury teams to ensure the implementation of best international practices and innovative solutions.
Client and stakeholder responsibility :
- Lead, in coordination with the regional leadership team, the design and implementation of the strategy for business development and ensure proactive and comprehensive client and INR portfolio management in the Region.
- Represent IFC to key clients and Region stakeholders; build and maintain excellent long-term relationships with key stakeholders, including public sector relevant institutions, MDBs, Donors, and investors.
- Partner with other IBRD/IDA and MIGA and other industries in the Region to seek opportunities for joint ventures, mobilization of resources/partners/collaboration, and knowledge transfer among the institutions to benefit clients.
Resource Responsibility :
- Act as Primary Supervisor for INR Managers and Reviewing Officials for other INR staff dedicated to the Region.
- Implement agreed corporate initiatives for enhancing efficiency and client service. Recommend INR resource allocation for the Region.
- The RID will directly report to the Regional Vice President of Asia and the Pacific.
- The RID will be part of the Core Leadership Team of the Asia and the Pacific Vice Presidency, and the INR global management team.
Selection Criteria:
- Master’s degree, or equivalent professional qualification in economics, finance, or business and at least 15 years of relevant experience.
- Commitment to the World Bank Group and IFC’s mission, strategy, and values.
- Strong track record of business delivery and demonstrated investment experience, superior business judgment, experience in policy dialogue, and established professional credibility, covering any/all of the INR sub-sectors.
- Strong knowledge and experience leading investment decision processes, including dealing, assessing, and taking decisions related to credit, legal, and E&S issues.
- Excellent written and verbal communication skills and fluency in English.
- Demonstrated ability and experience to think strategically, prioritize effectively, set direction, mobilize resources, and deploy them flexibly, supporting teamwork and collective leadership.
- Ability to work collaboratively with superior interpersonal skills.
- Ability to represent the organization to external clients and stakeholders from the public and private sectors.
- Strong and demonstrated ability to lead effectively and manage a large and dispersed team in a dynamic and multicultural environment.
- Excellent people management skills and openness to feedback; new ideas and ability to guide staff to solutions to problems.
- Demonstration of the highest standards of integrity and decisiveness.
- Ability and willingness to make decisions, deal with ambiguity, and take accountability and hold others accountable for results.
- Ability to deliver results under stressful timetables and environments.
- Ability to build organizational capacity through system and process improvements and be a change agent and catalyst for innovation.
- World Bank Group managerial competencies – courage of your conviction, leading the team for impact, influencing across boundaries, fostering openness to new ideas, building talent for the future
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