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
Climate business is a key strategic focus area for IFC. The need to address climate is urgent, with global carbon budgets set to be depleted in less than two decades. IFC provides a critical piece of the WBG’s climate program by building climate markets and providing private sector leadership in new high-growth areas.
IFC’s Climate Business Department (CBD) is integral in helping IFC to build a robust climate portfolio, and thus achieve its target of 35% of total commitments in climate projects, and in supporting the implementation of Paris Alignment commitments in its operations. CBD is a centrally positioned group responsible for supporting business development across IFC for climate projects, positioning IFC externally (including with the Board and other MDBs) and coordinating climate-related activities and events across the World Bank Group.
IFC has a vacancy for an Associate Operations Officer in the Climate Finance & Policy Team to lead the teams work on all reporting matters internally and externally, support climate-smart business development, climate innovation, and support existing work on report preparation, research and communication. The AOO will also work closely with the climate metrics team to provide research, analytical, operational, and logistical support as needed by the Finance and Policy teams. The position will be based in Washington, DC and will report to the Manager of the Unit.
Roles & Responsibilities:
The primary responsibilities and overall profile required for this position are as below:
Lead Climate Business Department-supported impact reports and publications:
Such as MDB Climate Finance Report, Green Bond Impact Report, Amundi EGO Fund Impact Report, and REGIO Impact Report. This involves:
Coordination of report process: draft table of contents, develop timelines, ensure timely and quality delivery of each report section, organize and coordinate exchanges across IFC and external partners, take minutes of relevant meetings
Collection of data and update/maintenance of databases and master files.
Drafting, proofreading and quality control of reports, review of project and climate data
Support CBD in climate finance tracking and reporting to internal and external stakeholders.
Coordinate and support across the corporation to gather data and input
Support the World Bank Group/Multilateral Development Bank climate finance annual reporting.
Lead on Internal Reporting for IFC’s climate targets:
Lead on internal reports to Board and Management on all climate matters such as climate finance and Paris Alignment
Research and Communications:
Monitor relevant news in the climate finance space
Undertake research activities and other tasks as needed
Conduct research on best practices in impact reporting and relevant reports
Conduct research and analyze best practices and areas of improvements in Green, Social and Sustainability Frameworks and related themes
Support the climate business team on a variety of works:
Support identification and development of new products to facilitate scaling of investments in low-carbon/climate-friendly sectors on a global basis.
Development of new financial products and investment structures.
Undertake research for the identification of new products, structures.
Other activities that the team is asked to undertake from time to time or as the mandate changes.
Selection Criteria:
Master’s degree in fields such as engineering, environment, or economics/business/finance.
5-7 years of relevant professional experience (in emerging markets preferred).
Excellent communication skills in English and demonstrated ability to write well a must. Fluency in other languages such as Spanish and French a plus.
Experience in research and delivery of comprehensive findings.
Experience in or knowledge of green bonds and Sustainable/climate finance a plus.
Ability to meet deadlines and work effectively in stressful situations in a team environment.
Excellent leadership and interpersonal skills. Dedicated, collaborative, but also can take ownership of the task and work independently.
Excellent computer proficiency, particularly in MS Word, PowerPoint, and Excel applications.
