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https://ifc.org
International Finance Corporation
International Finance Corporation
IFC.org is the official website of the International Finance Corporation (IFC), part of the World Bank Group. The website serves as a platform for sharing information about IFC's activities and services aimed at promoting private sector development in developing and emerging market economies. The website provides access to resources such as financial products and services, industry knowledge, and advisory services for businesses, governments, and non-profit organizations. The website also highlights IFC's sustainability and social responsibility initiatives, including climate change and gender equality. Overall, the website is a valuable resource for anyone interested in private sector development and sustainable economic growth in emerging market economies.
In 2000 alone the IFC invested more than $4 billion for 250 projects in nearly 80 countries. This article was most recently revised and updated by Amy Tikkanen.britannica.comBetween 1956 and the beginning of the 21st century, the IFC provided more than $25 billion to fund projects in nearly 125 countries and arranged for nearly $18 billion in additional financing.
As of 2018 The IFC held $68.49 billion in total assets in 2011. IFC Sustainability Framework articulates IFC's commitment to sustainable development and is part of its approach to risk management.en.wikipedia.orgThe IFC has created a mass-market certification system for fast growing emerging markets called EDGE ("Excellence in Design for Greater Efficiencies").
Loans to various private enterprises for manufacturing plants, aircraft repair facilities, mining operations, and steel plants soon followed. We urge you to check it out!worldbank.orgThe IFC’s first loan was made in 1957 for $2 million to a Brazilian affiliate of German engineering company Siemens to finance the manufacture of electrical equipment.
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EncryptedSite is Encrypted
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CountryHosted in United States
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CityWashington, District of Columbia
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Latitude\Longitude38.9172 / -77.0709 Google Map
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Traffic rank#9,872 Site Rank
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Site age28 yrs old
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Site Owner informationWhois info
Website is Safe
Site is not blacklisted
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HeadquartersWashington, D.C.,,,U.S.
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Legal statusTreaty
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PurposePrivate sector development,,,Poverty reduction
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Membership185 countries
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Parent organizationWorld Bank Group
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FormationJuly 20, 1956
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TypeDevelopment finance institution
Traffic rank
#9,872
#9,872
Site age
28 yrs
28 yrs
Location
United States
United States
Popular Questions for International Finance Corporation
Newest job postings for International Finance Corporation
via LinkedIn
posted_at: 1 day agoschedule_type: Full-time
Job #: req21918 Organization: IFC Sector: Financial Sector Grade: GE Term Duration: 2 years 0 months Recruitment Type: Local Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): French, Spanish Closing Date: 4/10/2023 (MM/DD/YYYY) at 11:59pm UTC
Description
IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We
Job #: req21918 Organization: IFC Sector: Financial Sector Grade: GE Term Duration: 2 years 0 months Recruitment Type: Local Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): French, Spanish Closing Date: 4/10/2023 (MM/DD/YYYY) at 11:59pm UTC
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 2022, IFC committed a record $32.8 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.
The Financial Institutions Group (FIG) is one of the major industry groups at... IFC, responsible for managing roughly 40% of IFC’s overall business in terms of volume and capital at risk. FIG’s strategy and implementation work focuses on 3 main pillars: (i) increase financial access and inclusion; (ii) scale sustainability and climate finance; and (iii) make financial systems more efficient, resilient, and sophisticated. FIG engages in a wide range of priority areas including Financial Inclusion, Digitization, Climate, Housing, Distressed Assets, and Trade Finance, to which it offers investment and advisory services through banks, non-bank financial institutions, other digital channels, and capital markets.
IFC's priorities in FIG as an industry group are: (i) grow investment and advisory solutions in all regions it operates in, while achieving strong profitability and development impact (ii) build new and nurture existing client relationships to make IFC the preferred partner for key clients (iii) manage portfolio of assets for strong profitability and impact; (iv) support local companies, while improving transparency and corporate governance; (v) catalyze foreign investment, including mobilizing B loans, parallel loans, and other forms of capital mobilization; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players; (viii) develop client, sector and country-level solutions through upstream and downstream interventions that can be scaled and replicated; and (ix) be a thought leader and innovator of products and client solutions globally.
One of the main areas of strategic focus for FIG is Capital Markets and Housing and strengthening of the capital markets and developing affordable housing solutions in its emerging member countries. IFC has long-standing programs for providing support for a wide range of securities issuances by emerging market (EM) clients and is looking to expand its investment activities. One of the main areas of focus in Capital Markets is Innovation, JCAP, Debt Funds and Capital Optimization where the team works in close collaboration with FIG’s regional teams, Treasury, Sector Economics and other IFC Operational departments to expand IFC’s capital markets activities.
IFC is seeking an Investment Analyst for the FIG Department to work across its sectors of focus that include Capital Markets, and Housing Finance, and Funds amongst others. Upon completion of his/her contract, the Investment Analyst would typically leave to pursue a graduate degree or additional work experience.
Roles & Responsibilities:
Industry Analyst must demonstrate business sense and responsiveness in interactions with others, being able to form relationships with counterparts and mid-level clients and stakeholders to exchange information needed for transaction or portfolio processing.
• Assist FIG Chief Investment Officers responsible for Capital Markets and Housing and other Industry Specialists and Investment staff in the Unit in developing new markets and business opportunities
• Help screen projects at early stages for financial viability, risk, and developmental impact
• Analyze operations and different business models; develop financial models and perform technical analysis for related projects
• Conduct industry, market, and company research
• Participate in all aspects of IFC's deal approval process including due diligence, appraisal, and approvals
• Prepare investment-related documents for internal and external audiences
• Assist with proactive technical monitoring of project portfolio during implementation and operational phases, completion cost, on-time completion, actual productivity, review and summarize periodic project progress and operations reports, flag major issues
• Perform analytics on markets, company performance, portfolio data and storage of market and other relevant information
• Help design and maintain proper KPI database for portfolio companies and opportunities
• Work on development and update of lessons learnt database, technical handbooks, and knowledge management materials
• Complete filing and dissemination of relevant project documentation
Selection Criteria
• Minimum of a bachelor’s or equivalent degree with specialization in Economics and/or Finance.
• At least 2 years of experience in finance, banking, or portfolio management, with a proven track record.
• Strong financial analysis and modelling skills using Microsoft excel and ability to identify key issues.
• Sound numerical, analytical, and conceptual skills encompassing finance and the associated areas of investment, risk management and corporate finance with a focus on distressed assets.
• Knowledge and experience in international economic development arena and commitment to sustainable development.
• Emerging market exposure preferred
• Recognized as a team player; Capacity to deal with conflicting priorities and deliver high quality work on schedule; Facility to work successfully in multicultural teams and across boundaries.
• Strong client service orientation with an openness to feedback and new ideas.
• Excellent oral and written presentation skills in English are required.
• Willingness to travel.
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 Show more details...
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 2022, IFC committed a record $32.8 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.
The Financial Institutions Group (FIG) is one of the major industry groups at... IFC, responsible for managing roughly 40% of IFC’s overall business in terms of volume and capital at risk. FIG’s strategy and implementation work focuses on 3 main pillars: (i) increase financial access and inclusion; (ii) scale sustainability and climate finance; and (iii) make financial systems more efficient, resilient, and sophisticated. FIG engages in a wide range of priority areas including Financial Inclusion, Digitization, Climate, Housing, Distressed Assets, and Trade Finance, to which it offers investment and advisory services through banks, non-bank financial institutions, other digital channels, and capital markets.
IFC's priorities in FIG as an industry group are: (i) grow investment and advisory solutions in all regions it operates in, while achieving strong profitability and development impact (ii) build new and nurture existing client relationships to make IFC the preferred partner for key clients (iii) manage portfolio of assets for strong profitability and impact; (iv) support local companies, while improving transparency and corporate governance; (v) catalyze foreign investment, including mobilizing B loans, parallel loans, and other forms of capital mobilization; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players; (viii) develop client, sector and country-level solutions through upstream and downstream interventions that can be scaled and replicated; and (ix) be a thought leader and innovator of products and client solutions globally.
One of the main areas of strategic focus for FIG is Capital Markets and Housing and strengthening of the capital markets and developing affordable housing solutions in its emerging member countries. IFC has long-standing programs for providing support for a wide range of securities issuances by emerging market (EM) clients and is looking to expand its investment activities. One of the main areas of focus in Capital Markets is Innovation, JCAP, Debt Funds and Capital Optimization where the team works in close collaboration with FIG’s regional teams, Treasury, Sector Economics and other IFC Operational departments to expand IFC’s capital markets activities.
IFC is seeking an Investment Analyst for the FIG Department to work across its sectors of focus that include Capital Markets, and Housing Finance, and Funds amongst others. Upon completion of his/her contract, the Investment Analyst would typically leave to pursue a graduate degree or additional work experience.
Roles & Responsibilities:
Industry Analyst must demonstrate business sense and responsiveness in interactions with others, being able to form relationships with counterparts and mid-level clients and stakeholders to exchange information needed for transaction or portfolio processing.
• Assist FIG Chief Investment Officers responsible for Capital Markets and Housing and other Industry Specialists and Investment staff in the Unit in developing new markets and business opportunities
• Help screen projects at early stages for financial viability, risk, and developmental impact
• Analyze operations and different business models; develop financial models and perform technical analysis for related projects
• Conduct industry, market, and company research
• Participate in all aspects of IFC's deal approval process including due diligence, appraisal, and approvals
• Prepare investment-related documents for internal and external audiences
• Assist with proactive technical monitoring of project portfolio during implementation and operational phases, completion cost, on-time completion, actual productivity, review and summarize periodic project progress and operations reports, flag major issues
• Perform analytics on markets, company performance, portfolio data and storage of market and other relevant information
• Help design and maintain proper KPI database for portfolio companies and opportunities
• Work on development and update of lessons learnt database, technical handbooks, and knowledge management materials
• Complete filing and dissemination of relevant project documentation
Selection Criteria
• Minimum of a bachelor’s or equivalent degree with specialization in Economics and/or Finance.
• At least 2 years of experience in finance, banking, or portfolio management, with a proven track record.
• Strong financial analysis and modelling skills using Microsoft excel and ability to identify key issues.
• Sound numerical, analytical, and conceptual skills encompassing finance and the associated areas of investment, risk management and corporate finance with a focus on distressed assets.
• Knowledge and experience in international economic development arena and commitment to sustainable development.
• Emerging market exposure preferred
• Recognized as a team player; Capacity to deal with conflicting priorities and deliver high quality work on schedule; Facility to work successfully in multicultural teams and across boundaries.
• Strong client service orientation with an openness to feedback and new ideas.
• Excellent oral and written presentation skills in English are required.
• Willingness to travel.
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 Show more details...
via LinkedIn
posted_at: 1 day agoschedule_type: Full-time
Job #: req21917 Organization: IFC Sector: Financial Sector Grade: GF Term Duration: 3 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): French, Spanish Closing Date: 4/10/2023 (MM/DD/YYYY) at 11:59pm UTC
Description
IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets.
Job #: req21917 Organization: IFC Sector: Financial Sector Grade: GF Term Duration: 3 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): French, Spanish Closing Date: 4/10/2023 (MM/DD/YYYY) at 11:59pm UTC
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 2022, IFC committed a record $32.8 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.
The Financial Institutions Group (FIG) is one of the major industry... groups at IFC, responsible for managing roughly 40% of IFC’s overall business in terms of volume and capital at risk. FIG’s strategy and implementation work focuses on 3 main pillars: (i) increase financial access and inclusion; (ii) scale sustainability and climate finance; and (iii) make financial systems more efficient, resilient, and sophisticated. FIG engages in a wide range of priority areas including Financial Inclusion, Digitization, Climate, Housing, Distressed Assets, and Trade Finance, to which it offers investment and advisory services through banks, non-bank financial institutions, Fintechs and other digital channels, and the capital markets.
IFC's priorities in FIG as an industry group are: (i) grow investment and advisory solutions in all regions it operates in, while achieving strong profitability and development impact (ii) build new and nurture existing client relationships to make IFC the preferred partner for key clients (iii) manage portfolio of assets for strong profitability and impact; (iv) support local companies, while improving transparency and corporate governance; (v) catalyze foreign investment, including mobilizing B loans, parallel loans, and other forms of capital mobilization; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players; (viii) develop client, sector and country-level solutions through upstream and downstream interventions that can be scaled and replicated; and (ix) be a thought leader and innovator of products and client solutions globally.
IFC is looking for an Associate Investment Officers (AIO) to support its Capital Markets and Housing priority strategic sectors and activities in FIG. The selected AIOs will complement the existing cadre of Investment Officers and specialists who deliver on FIG’s strategy through Innovation of new debt and equity products and execution of new investments. While the focus of the role will be in Capital Markets and Housing, the activities may include FIG’s sectors of focus including Financial Inclusion, Digitization, and Climate and gender, amongst others. The position will report to the Chief Investment Officers and Managers responsible for the unit in the Financial Institutions Group and will be based in Washington DC. Prior experience in the FIG strategic sectors of focus will be a relevant factor in the work program of the selected candidate.
The selected candidate will also participate and support the research, and knowledge management agenda of the FIG in the relevant sector.
Roles & Responsibilities:
The Associate Investment Officer will have a wide range of evolving responsibilities in line with strategic priorities of FIG. Anticipated scope of duties and responsibilities includes the following:
• Help develop innovative and appropriate financial structures in capital markets for straightforward transactions using knowledge and experience of capital markets and anticipating market trends.
• Participate in or lead negotiations for globally led capital markets transactions as appropriate; use advanced financial competencies and personal influencing skills to overcome impasses and lead negotiations to a successful outcome
• Work with senior staff to develop a strong pipeline of good quality and innovative and more complex investment opportunities
• Build and maintain strong relationships with clients, global and regional private businesses, banking and multilateral partners and government officials to further develop the sector and to develop specific investment opportunities
• Identify and evaluate opportunities to increase the social development impact of new or portfolio projects
• Collaborate within team and with the regional teams to develop global and regional capital markets strategies and support related promotion work.
• Coordinate closely with social, environmental, and technical assistance colleagues to add value to our clients' businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact
• Share knowledge of Capital markets with the FIG regional teams.
• Assist in other project or strategy related activities, as the need may arise.
Selection Criteria
• Master's degree in finance, economics, or other related areas. Candidates with MBA, CPA would have an advantage.
• Minimum five years of relevant experience in emerging markets investment related areas to include debt and equity.
• Understanding of sector drivers, business, and market development cycles, and how business performance and long-term competitiveness and viability are measured within a sector and how sector dynamics may evolve within a country or region.
• Proven analytical, financial analysis, equity valuation, and financial modeling skills to analyze and form conclusions on company financial information or projects and industry indicators. Strong credit skills and excellent business judgment.
• Ability to oversee and provide quality control feedback on financial models prepared by analysts.
• Capacity to build productive and mutually beneficial relationships and networks internally and externally to identify business opportunities, discuss structuring alternatives, and resolve issues.
• Commitment to sustainable development.
• Original thinking / quick learning abilities with strong initiative and drive, as well as attention to details.
• Good team player with strong interpersonal skills, and commitment to work in a respectful, team oriented and multi-cultural environment.
• Excellent oral and written presentation skills in English are required, additional major language desirable. (French, Spanish)
• Willingness to travel.
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 Show more details...
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 2022, IFC committed a record $32.8 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.
The Financial Institutions Group (FIG) is one of the major industry... groups at IFC, responsible for managing roughly 40% of IFC’s overall business in terms of volume and capital at risk. FIG’s strategy and implementation work focuses on 3 main pillars: (i) increase financial access and inclusion; (ii) scale sustainability and climate finance; and (iii) make financial systems more efficient, resilient, and sophisticated. FIG engages in a wide range of priority areas including Financial Inclusion, Digitization, Climate, Housing, Distressed Assets, and Trade Finance, to which it offers investment and advisory services through banks, non-bank financial institutions, Fintechs and other digital channels, and the capital markets.
IFC's priorities in FIG as an industry group are: (i) grow investment and advisory solutions in all regions it operates in, while achieving strong profitability and development impact (ii) build new and nurture existing client relationships to make IFC the preferred partner for key clients (iii) manage portfolio of assets for strong profitability and impact; (iv) support local companies, while improving transparency and corporate governance; (v) catalyze foreign investment, including mobilizing B loans, parallel loans, and other forms of capital mobilization; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players; (viii) develop client, sector and country-level solutions through upstream and downstream interventions that can be scaled and replicated; and (ix) be a thought leader and innovator of products and client solutions globally.
IFC is looking for an Associate Investment Officers (AIO) to support its Capital Markets and Housing priority strategic sectors and activities in FIG. The selected AIOs will complement the existing cadre of Investment Officers and specialists who deliver on FIG’s strategy through Innovation of new debt and equity products and execution of new investments. While the focus of the role will be in Capital Markets and Housing, the activities may include FIG’s sectors of focus including Financial Inclusion, Digitization, and Climate and gender, amongst others. The position will report to the Chief Investment Officers and Managers responsible for the unit in the Financial Institutions Group and will be based in Washington DC. Prior experience in the FIG strategic sectors of focus will be a relevant factor in the work program of the selected candidate.
The selected candidate will also participate and support the research, and knowledge management agenda of the FIG in the relevant sector.
Roles & Responsibilities:
The Associate Investment Officer will have a wide range of evolving responsibilities in line with strategic priorities of FIG. Anticipated scope of duties and responsibilities includes the following:
• Help develop innovative and appropriate financial structures in capital markets for straightforward transactions using knowledge and experience of capital markets and anticipating market trends.
• Participate in or lead negotiations for globally led capital markets transactions as appropriate; use advanced financial competencies and personal influencing skills to overcome impasses and lead negotiations to a successful outcome
• Work with senior staff to develop a strong pipeline of good quality and innovative and more complex investment opportunities
• Build and maintain strong relationships with clients, global and regional private businesses, banking and multilateral partners and government officials to further develop the sector and to develop specific investment opportunities
• Identify and evaluate opportunities to increase the social development impact of new or portfolio projects
• Collaborate within team and with the regional teams to develop global and regional capital markets strategies and support related promotion work.
• Coordinate closely with social, environmental, and technical assistance colleagues to add value to our clients' businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact
• Share knowledge of Capital markets with the FIG regional teams.
• Assist in other project or strategy related activities, as the need may arise.
Selection Criteria
• Master's degree in finance, economics, or other related areas. Candidates with MBA, CPA would have an advantage.
• Minimum five years of relevant experience in emerging markets investment related areas to include debt and equity.
• Understanding of sector drivers, business, and market development cycles, and how business performance and long-term competitiveness and viability are measured within a sector and how sector dynamics may evolve within a country or region.
• Proven analytical, financial analysis, equity valuation, and financial modeling skills to analyze and form conclusions on company financial information or projects and industry indicators. Strong credit skills and excellent business judgment.
• Ability to oversee and provide quality control feedback on financial models prepared by analysts.
• Capacity to build productive and mutually beneficial relationships and networks internally and externally to identify business opportunities, discuss structuring alternatives, and resolve issues.
• Commitment to sustainable development.
• Original thinking / quick learning abilities with strong initiative and drive, as well as attention to details.
• Good team player with strong interpersonal skills, and commitment to work in a respectful, team oriented and multi-cultural environment.
• Excellent oral and written presentation skills in English are required, additional major language desirable. (French, Spanish)
• Willingness to travel.
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 Show more details...
via LinkedIn
posted_at: 1 day agoschedule_type: Full-time
Job #: req21934 Organization: IFC Sector: Treasury Grade: GH Term Duration: 3 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 4/6/2023 (MM/DD/YYYY) at 11:59pm UTC
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
Job #: req21934 Organization: IFC Sector: Treasury Grade: GH Term Duration: 3 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 4/6/2023 (MM/DD/YYYY) at 11:59pm UTC
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 2022, IFC committed a record $32.8 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
IFC Treasury & Mobilization have been a large and significant player in the international financial markets for more than 30 years and has achieved a global reputation as an innovative borrower, investor, mobilizer of 3rd-party capital, and risk manager. Operating globally to deliver on IFC’s strategy to create markets and mobilize private capital for development, the Treasury & Mobilization Vice Presidency manages over $116 billion in liquid assets, global market borrowings, derivatives transactions, and a portfolio of 3rd-party capital. It is responsible for managing the liquidity and cash of the Corporation, executing the funding program, strengthening local-currency financing by arranging and executing local-currency and risk-management transactions for clients, and mobilizing 3rd-party capital through innovative syndication and mobilization platforms such as the Managed Co-Lending Portfolio Program (MCPP). The Vice Presidency also manages the capital market education programs, provides advisory services and other knowledge services related to treasury management and operations to IFC’s clients. Finally, the Vice Presidency is responsible for performing some support functions necessary to achieving its mission (e.g., measuring and managing risks, computing performance and valuations, and undertaking quantitative analyses).
IFC Treasury & Mobilization VPU teams are co-located in three global hubs that together serve IFC clients seamlessly across time zones and geographies. Operations are headquartered in Washington, D.C. and headed by the IFC VP and treasurer. In addition, there is a hub in London (with small presence in Dakar and Nairobi) covering Europe, Middle East, Central Asia and Africa and a hub in Singapore that covers Asia.
The Treasury Valuation and Analytics (Middle Office) Unit:
The Treasury Valuation and Analytics team works with Treasury, Treasury Risk, and IFC Controller’s to perform its functions. Notwithstanding its placement in Treasury, it is structured and functions independently of the Treasury Market Operation (CTM), Quantitative Analysis (CTQ), Treasury Clients Solutions (CTC), and Syndications (CSL). The Treasury Middle Office conducts valuation, performance, data management and control functions for all IFC Treasury activities.
To carry out its mandate related to TVA, IFC Treasury is seeking a proactive, highly motivated Principal Financial Officer, Treasury Middle Office, to provide functional oversight for the unit. The Principal Financial Officer will collaborate closely with colleagues in IFC Treasury, Treasury Risk, IFC Controller’s and Information and Technology Solutions (ITS), and other units to ensure goals are aligned, client needs are met and that internal controls work effectively. He/she will be based in Washington, DC, report directly to the Chief Advisory and Analytics officer.
Role & Responsibilities:
The Principal Financial Officer’s primary responsibilities will include, but not be limited to the following duties and responsibilities:
• Steer the implementation and development of the Treasury Valuation and Analytics support, Middle Office functions, ensuring that services and activities are integrated and that processes are well designed and properly controlled.
• Lead and take part on all valuation requirements such as: i) Valuation and Pricing Calculation; ii) Bond Price Verification; iii) Leveling; iv) Market Data and Static Data Maintenance; v) Valuation reconciliation, and vi) liaise with auditors as required.
• Provide overall guidance and take part on all performance and Risk Reporting requirements such as: i) Daily and monthly performance; ii) Monthly Corporate Reporting; iii) NAV and P&L verification; iv) Compliance and trade support; v) Benchmark Maintenance, and vi) Static Data Maintenance.
• Supervise the ongoing fair valuation responsibility for structured finance transactions.
• Actively enable a data driven and innovative culture across the VPU.
• Drive data strategy across the VPU including leading training sessions.
• Proactively oversee and improve the unit’s operations, processes and controls, ensuring that the team delivers quality services and timely deliverables and providing technical direction on the work program and guidance on exception handling.
• Lead the design and execution of the Treasury Analytical Support’s strategy for supporting IFC Treasury’s operations and business growth within the control framework.
• Lead the design of systems and controls in support of unit’s mandates and activities; perform regular gap analysis for opportunities for straight-through-processing, process improvements, cost effectiveness and reducing operational risk.
• Lead and enable the support of new business and products.
• Ensure that services are undertaken in a timely and accurate manner with due consideration to client need.
• Develop unit objectives and productivity metrics, monitor operational performance, and optimize delivery models to allow greater efficiency and effectiveness.
• Own the relationship with Auditors.
• Develop and maintain strong and effective business and operational relationships with key partners in IFC and across the WBG.
• Represent the unit and department on corporate fora.
• Provide leadership and guidance to a team of highly skilled analytical and quantitative professionals to foster technical excellence and professional development.
• Plan and oversee the group's work program and staffing needs to ensure high quality outputs and with a view towards meeting the VPU's diversity and inclusion targets.
• Help attract and develop high caliber staff through the implementation and active use of the WBG career framework to increase individual and organizational capabilities.
• Structure and encourage staff training.
Selection Criteria
• Advanced degree in a relevant discipline (e.g., MBA, MS) and 12+ years of professional experience in positions of increasing complexity and responsibility.
• Successful track record of achieving high quality results, managing relevant middle office operations and delivering client value-added services to meet team and departmental objectives.
• Excellent knowledge of Treasury business, organization, systems and processes strongly preferred.
• Demonstrated experience in leading teams, including managing, motivating staff of multi-cultural background and serving multi-disciplinary stakeholders.
• Proven project management skills and aptitude for coordination and facilitation of teams required. Proven ability to conceptualize, design and implement innovative solutions and challenge the status quo to build the business.
• Ability to collaborate closely within the World Bank Group and with other multi-lateral development banks, financing institutions and banks.
• Strong proficiency in relevant systems used in the operational environment and in the complex matrix of operating systems, their interrelationships, and dependencies
• Superior written and verbal communications skills and ability to convey complex financial issues concisely to management, colleagues and clients including IFC Treasury and IFC Treasury Risk.
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 Show more details...
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 2022, IFC committed a record $32.8 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
IFC Treasury & Mobilization have been a large and significant player in the international financial markets for more than 30 years and has achieved a global reputation as an innovative borrower, investor, mobilizer of 3rd-party capital, and risk manager. Operating globally to deliver on IFC’s strategy to create markets and mobilize private capital for development, the Treasury & Mobilization Vice Presidency manages over $116 billion in liquid assets, global market borrowings, derivatives transactions, and a portfolio of 3rd-party capital. It is responsible for managing the liquidity and cash of the Corporation, executing the funding program, strengthening local-currency financing by arranging and executing local-currency and risk-management transactions for clients, and mobilizing 3rd-party capital through innovative syndication and mobilization platforms such as the Managed Co-Lending Portfolio Program (MCPP). The Vice Presidency also manages the capital market education programs, provides advisory services and other knowledge services related to treasury management and operations to IFC’s clients. Finally, the Vice Presidency is responsible for performing some support functions necessary to achieving its mission (e.g., measuring and managing risks, computing performance and valuations, and undertaking quantitative analyses).
IFC Treasury & Mobilization VPU teams are co-located in three global hubs that together serve IFC clients seamlessly across time zones and geographies. Operations are headquartered in Washington, D.C. and headed by the IFC VP and treasurer. In addition, there is a hub in London (with small presence in Dakar and Nairobi) covering Europe, Middle East, Central Asia and Africa and a hub in Singapore that covers Asia.
The Treasury Valuation and Analytics (Middle Office) Unit:
The Treasury Valuation and Analytics team works with Treasury, Treasury Risk, and IFC Controller’s to perform its functions. Notwithstanding its placement in Treasury, it is structured and functions independently of the Treasury Market Operation (CTM), Quantitative Analysis (CTQ), Treasury Clients Solutions (CTC), and Syndications (CSL). The Treasury Middle Office conducts valuation, performance, data management and control functions for all IFC Treasury activities.
To carry out its mandate related to TVA, IFC Treasury is seeking a proactive, highly motivated Principal Financial Officer, Treasury Middle Office, to provide functional oversight for the unit. The Principal Financial Officer will collaborate closely with colleagues in IFC Treasury, Treasury Risk, IFC Controller’s and Information and Technology Solutions (ITS), and other units to ensure goals are aligned, client needs are met and that internal controls work effectively. He/she will be based in Washington, DC, report directly to the Chief Advisory and Analytics officer.
Role & Responsibilities:
The Principal Financial Officer’s primary responsibilities will include, but not be limited to the following duties and responsibilities:
• Steer the implementation and development of the Treasury Valuation and Analytics support, Middle Office functions, ensuring that services and activities are integrated and that processes are well designed and properly controlled.
• Lead and take part on all valuation requirements such as: i) Valuation and Pricing Calculation; ii) Bond Price Verification; iii) Leveling; iv) Market Data and Static Data Maintenance; v) Valuation reconciliation, and vi) liaise with auditors as required.
• Provide overall guidance and take part on all performance and Risk Reporting requirements such as: i) Daily and monthly performance; ii) Monthly Corporate Reporting; iii) NAV and P&L verification; iv) Compliance and trade support; v) Benchmark Maintenance, and vi) Static Data Maintenance.
• Supervise the ongoing fair valuation responsibility for structured finance transactions.
• Actively enable a data driven and innovative culture across the VPU.
• Drive data strategy across the VPU including leading training sessions.
• Proactively oversee and improve the unit’s operations, processes and controls, ensuring that the team delivers quality services and timely deliverables and providing technical direction on the work program and guidance on exception handling.
• Lead the design and execution of the Treasury Analytical Support’s strategy for supporting IFC Treasury’s operations and business growth within the control framework.
• Lead the design of systems and controls in support of unit’s mandates and activities; perform regular gap analysis for opportunities for straight-through-processing, process improvements, cost effectiveness and reducing operational risk.
• Lead and enable the support of new business and products.
• Ensure that services are undertaken in a timely and accurate manner with due consideration to client need.
• Develop unit objectives and productivity metrics, monitor operational performance, and optimize delivery models to allow greater efficiency and effectiveness.
• Own the relationship with Auditors.
• Develop and maintain strong and effective business and operational relationships with key partners in IFC and across the WBG.
• Represent the unit and department on corporate fora.
• Provide leadership and guidance to a team of highly skilled analytical and quantitative professionals to foster technical excellence and professional development.
• Plan and oversee the group's work program and staffing needs to ensure high quality outputs and with a view towards meeting the VPU's diversity and inclusion targets.
• Help attract and develop high caliber staff through the implementation and active use of the WBG career framework to increase individual and organizational capabilities.
• Structure and encourage staff training.
Selection Criteria
• Advanced degree in a relevant discipline (e.g., MBA, MS) and 12+ years of professional experience in positions of increasing complexity and responsibility.
• Successful track record of achieving high quality results, managing relevant middle office operations and delivering client value-added services to meet team and departmental objectives.
• Excellent knowledge of Treasury business, organization, systems and processes strongly preferred.
• Demonstrated experience in leading teams, including managing, motivating staff of multi-cultural background and serving multi-disciplinary stakeholders.
• Proven project management skills and aptitude for coordination and facilitation of teams required. Proven ability to conceptualize, design and implement innovative solutions and challenge the status quo to build the business.
• Ability to collaborate closely within the World Bank Group and with other multi-lateral development banks, financing institutions and banks.
• Strong proficiency in relevant systems used in the operational environment and in the complex matrix of operating systems, their interrelationships, and dependencies
• Superior written and verbal communications skills and ability to convey complex financial issues concisely to management, colleagues and clients including IFC Treasury and IFC Treasury Risk.
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.
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