Jobs
Senior Investment Officer Vacancy at The International Finance Corporation (IFC)
The International Finance Corporation (IFC), a member of the World Bank
Group, creates opportunity for people to escape poverty and improve
their lives.
IFC fosters sustainable economic growth in developing
countries by supporting private sector development, mobilizing private
capital, and providing advisory and risk mitigation services to
businesses and governments.
International Finance Corporation is recruiting to fill the position below:
Job Title: Senior Investment Officer - Financial Institutions Group
Job #: 160385
Location: Lagos, Nigeria
Background / General Descriptions
- The International Finance Corporation (IFC), the private sector
arm of the World Bank Group, is a global leader, investor and advisor
committed to projects in its developing member countries that reduce
extreme poverty and boost shared prosperity. IFC finances private sector
investments, mobilizes capital in the international financial markets,
helps clients improve social and environmental sustainability, and
provides technical assistance and advice to businesses and governments
in the developing world.
- 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) is one of three major
industry groups at IFC, responsible for managing roughly 40% of IFC’s
overall business in terms of volume and capital at risk. 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 delivered globally to
IFC’s clients through IFC’s global network.
- FIG’s Africa team is based across the region with main hub and
office locations in Dakar, Johannesburg, Nairobi and Lagos. The team
members work on both new business development and portfolio management
across the region. With a diverse network of markets, the pipeline of
new transactions range from investing fresh equity in banks to
structured finance products which help develop local capital markets.
- FIG’s Africa team is seeking a senior investment officer with
significant local market and industry experience to help grow and
develop its business in Africa.
Duties and Accountabilities
- Demonstrate a thorough understanding of banking, financial institutions and related industry knowledge;
- Provide leadership and support in the development of the
Financial Institutions Group’s knowledge management strategy, and assist
in execution of this strategy;
- Coordinate closely with social, environmental, advisory and
technical assistance colleagues in order to champion IFC’s value to our
clients' businesses, find pragmatic solutions to the specific sector
challenges, and achieve sustainable development impact;
- Mentor and coach less-experienced investment staff and help build talent and grow skill base of staff;
- Take responsibility for other project or strategy related activities related to FIG’s business activities in the region.
- Develop a strong pipeline of good quality investment
opportunities through anticipating market trends and employing
sector/country knowledge;
- Build and maintain strong relationships with clients, banking
and multilateral partners and government officials to develop specific
investment opportunities;
- Evaluate, structure, negotiate, and close new transactions, loan
restructuring and rescheduling, capital increases and equity sales,
etc.
Selection Criteria
- Master's degree in Finance, Economics or other related areas; accreditation as a CFA or CPA is considered a plus.
- Minimum 10-12 years of experience in the financial sector, with
evidence of growing expertise in banking and non-banking financial
institutions and finance related disciplines;
- Strong financial and credit skills; demonstrated ability to
structure and negotiate a variety of complex financial instruments (debt
and equity).
- Strong skills in evaluation of risk and ability to anticipate short and long term implications of decisions.
- Good relationship management skills with proven track record of
success in developing client relationships and execution of client
engagements.
- Knowledge and Experience in International Economic Development Arena and commitment to sustainable development.
- Excellent business judgment and strong analytical and problem
solving skills to identify issues and present creative, practical
solutions.
- Great team player, able to mentor and train more junior staff.
- Capacity to deal with conflicting priorities and deliver high
quality work on schedule; facility to work successfully in multicultural
teams and across boundaries.
- Excellent oral and written presentation skills in English are required; additional major language desirable.
- Ability to make sound decisions and commit to decisions.
- Hold self and team accountable for risk management and outcomes.
- Ability to interact directly and independently with the senior
management of potential clients, of financial and technical partners as
well as senior government officials.
- Ability to systematically share with others good practice and learning from lessons from across WBG, clients, and partners.
- Considered an expert in the subject area and is sought out by
colleagues to advise, peer review, or contribute to knowledge products
of others.
- Skilled in collaboration across boundaries and broadly, ability to bring differing ideas into the forefront.
For External Ad:
- IFC offers a highly challenging and rewarding working
environment with outstanding opportunities for professional growth, as
well as attractive conditions. Women are strongly encouraged to apply.
How to Apply
Interested and qualified candidates should:
Click here to apply
Note
- If the selected candidate is a current Bank Group staff member
with a Regular or Open-Ended appointment, s/he will retain his/her
Regular or Open-Ended appointment. All others will be offered a 3 year
term appointment.
- All applications will be treated in strictest confidence.
- Only applicants selected for interviews will be contacted.
Application Deadline 2nd March, 2016.