Thinking of a Career in Emergency Management?
- BY Nicole Pelette
Background / General description:
IFC Asset Management Company, LLC (AMC), a wholly-owned subsidiary of IFC, mobilizes and manages capital for investment in emerging markets. AMC was created in 2009 to provide investors with access to IFC’s emerging markets investment pipeline and to expand the supply of long-term capital to these markets, enhancing IFC’s development goals and generating profits for investors by leveraging IFC’s global reach, standards, investment approach, and track record. AMC currently has US$9.8 billion under management through 13 investment funds that invest across a variety of sectors, geographies, and strategies. The strategies of the current AMC-managed funds cover equity and subordinated debt for commercial banks and other financial institutions; equity for infrastructure companies and projects; growth equity for generalist companies and projects in select regions; and fund investing in the resource efficiency space. AMC plans to raise and manage additional funds in the future, each with a focus on a particular sector, region, or product within the emerging markets.
IFC’s investment departments support AMC by providing certain investment origination, execution, and supervision services, while all investment and portfolio decisions for funds under management are taken independently by AMC.
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.
Duties and Accountabilities:
The IFC Financial Institutions Funds make growth equity investments in financial institutions (banks, insurance companies, and non-banks) operating in emerging markets globally.
AMC is looking to hire an Associate for the IFC Financial Institutions Funds (FIG Funds) based in Singapore. The Associate will report to the Fund Heads and will be responsible for; (i) working on AMC/IFC investment teams; (ii) working with the Fund Heads and other AMC team members to structure and negotiate investments and develop a solid and well balanced investment portfolio; (iii) assisting the team in supervising the ongoing performance of the fund’s portfolio companies including the existing Capitalization Fund portfolio companies and structuring and executing divestitures; and (iv) maintaining a good relationship with the fund’s investors and with IFC investment teams and assist in providing timely delivery of information.
In particular, the Associate will:
The successful candidate will have the following qualifications: