Operations Analyst - Industry Analyst- Climate

World Bank, Arlington VA or Washington DC, United Kingdom

Skill Required:, Finance and AccountsProject Management
Preferred Experience: 
2 years of relevant work experience
Closing Date for Applications: 
29th January, 2020

Job Description

Do you want to build a career that is truly worthwhile? The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities where they are needed most.

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. We call this approach the “Cascade.”

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 investment and advisory services delivered globally to IFC’s clients through its global network.

Climate Business is one of the strategic priorities of the WBG, with a target to increase its climate business to 35% of total financing commitments by 2030, and to mobilize US$13 billion in private sector financing annually by then. Based on IFC’s 35% climate target for 2030, FIG would finance US$38 billion in own account for climate business between now and 2030 and mobilize another US$40 billion over this period.

A recent IFC study estimates that emerging market cities will need to invest $24.7 trillion in greening buildings if the World is to limit global warming to 1.5 degrees centigrade. Buildings generate about 19% of greenhouse gas emissions according to the IPCC. Adoption of resource-efficient building practices can cut emissions at low or no cost and lock in energy and water savings for decades. IFC and the UK Government are working together through the Market Accelerator for Green Construction (MAGC) global program to ensure FIs have the support they need to properly engage in the development of Green Buildings. MAGC will deploy a multi-pronged approach: providing technical assistance and concessional finance to FIs to catalyze a demonstration portfolio of green buildings (the Demonstration Portfolio); building awareness and technical capacity in local markets to assure ready demand for green building finance products; providing low cost certification tailored to local markets; and capturing environmental and financial performance of green buildings and associated debt and disseminating the data to financial, construction and public sector decision makers.

FIG is looking for an industry analyst to help the technical assistance program under MAGC, for a term of two years, based in Washington DC. Upon completion of their contracts, Technical Analysts would typically leave to pursue a graduate degree or additional work experience, but may be extended by a further two years, the maximum term for an analyst.

Role & Responsibilities :

The candidate is required to know and effectively use fundamental business concepts and practices and to provide analytical, research and other professional support to the program, with a particular focus on green buildings, green buildings finance, and green buildings certifications. The work program is varied covering both investment and advisory services, primarily focused on FIG activities but including other responsibilities. The responsibilities include but will not be limited to:

Support the development and implementation of IFC’s global MAGC program;Conduct industry and market research and assist in IFC’s business development efforts;Prepare documentation for IFC internal processes and monitor compliance with IFC financial, environmental and legal requirements;Prepare documentation and analyses for donor requirements;Establish and maintain quality client relationships to ensure responsive client service and to enhance new business opportunities;Prepare for and participate in client negotiations;Create financial analysis models;Support structuring of new projects;Analyze historical and projected financial statements and prepare periodic portfolio reports;Liaise with colleagues across departments, regions and in Washington DC;Participate in the monitoring of portfolio companies’ performance.
Selection Criteria

Bachelor’s or equivalent degree with specialization in finance;At least 2 years of experience in finance, banking, or consulting;Experience in a major financial institution (2+ years) with a proven track record desirable, in housing/ construction finance preferred;Good knowledge of financial markets and one or more regional market a plus;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 and corporate finance and economics;Commitment to economic development and keen interest in development finance in emerging markets;Ability to work successfully in multicultural teams and across boundaries;Demonstrated teamwork skills;Strong client service orientation with an openness to feedback and new ideas;Excellent presentation skills and ability to present ideas clearly and confidently;Fluency in English a must, other languages preferred.


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