Thinking of a Career in Emergency Management?
- BY Nicole Pelette
IFC—a sister organization of the World Bank and 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 2019, we invested more than $19 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity.
IFC has embarked on an ambitious new strategy to stimulate more investment activity by Creating Markets, including in Low Income Countries and Fragile and Conflict Situations. This new strategy requires a shift in our approach to proactively create, deepen and expand markets and projects rather than waiting for clients to propose projects for IFC to finance. Working with clients, we will first seek private sector solutions to address development challenges, where such solutions are advisable and can be effective, and reserve public financing for projects only when other options are suboptimal. This strategy also relies on upstream work with Governments and the wider World Bank Group to enable private sector solutions and financing.
IFC’s investment business includes its Financial Institutions Group (FIG).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.
The Mobilization and Innovation (CFGMI) group within FIG covers a number of sectors and products including Insurance, Capital Markets, Housing Finance and Distressed Asset Recovery Program (DARP). DARP focuses on making investments in the distressed assets space, investing both in local operating partners and investment facilitates. DARP has a successful track record of transactions and IFC is looking to expand its investment activities in this line of business. As a result, IFC is looking to identify an Investment Officer to join the FIG DARP team, with the aim to scale up DARP’s business, as well as strengthen the management of the existing DARP portfolio.
The Investment Officer will be based in Bogota, Colombia and report to the Global Head of DARP. His/her primarily geographic focus will be DARP’s global business.
Roles and Responsibilities
Specific responsibilities include, but are not limited to:
Provide support to teams responsible for investments in distressed assets during the entire project cycle – origination, execution and supervision of investments.When working on more straightforward transactions, lead teams to successfully execute transactions, using strong negotiation skills to develop solutions and overcome impasses. After completion, monitor these investments.Contribute to develop a strong pipeline of investment opportunities.Create, analyze and assess complex financial analysis and pricing/valuation models on distressed assets deals.Work on distressed assets investments that entail both corporate finance and/or project finance projects, consisting of equity and/or debt transactions.Work closely with portfolio staff in IFC regional offices and other DARP team members to monitor the performance of the underlying assets acquired by DARP facilities to evaluate risk and recommend active portfolio management actions.Provide support to define DARP’s global and regional strategies and to prioritize areas of focus, including upstream work in agreed priority areas with the joint WB/IFC Finance, Competitiveness and Innovation (FCI) team.Prepare documentation for IFC internal processes, including but not limited to credit ratings, investment valuations and compliance reports on IFC financial, environmental and social, insurance and legal requirements.Mentor more junior staff in the DARP team.Share knowledge of distressed assets markets with the FIG regional teams.Assist in other project or strategy related activities, as the need may arise.
Master's degree in finance, economics or other related areas, or MBA.Minimum of 8 years of operational banking and financial markets experience, with exposure to emerging markets.Exposure to and understanding of distressed investing with demonstrated experience in distressed assets underwriting, acquisition, management, and resolution.Strong analytical skills and business judgment demonstrated in transactional experience.Existing network among players in the distressed assets space.Good management skills, with proven track record of success in developing client relationships and execution of client engagements; strong sense of service to clients.Knowledge and experience in international economic development arena and commitment to sustainable development.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; Speaking Chinese and/or French is desirable.Willingness to travel.