IFC — a 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 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises.
Blended Finance is a key tool in the execution of IFC’s 3.0 Creating Markets strategy. The Blended Finance Department manages a pool of contributor funds of over $5 billion dollars focused on accelerating IFC’s engagement in the most developmentally impactful areas: IDA countries, fragility, gender, climate, SME and agriculture/food security.
The blended concessional facilities managed by the Blended Finance Department are structured to co-finance, along with IFC funding, investment projects to address market barriers in private sector projects. These funds are deployed alongside IFC's own resources, thus enabling IFC to invest in projects that would not otherwise take place without a co-investment on concessional terms or a performance-based incentive structure that encourages the achievement of additional development outcomes. The Blended Finance Department’s (CBF) role is to optimize the co-investment of funds from contributors on concessional terms, considering the contributors' risk appetite and in line with IFC’s blended finance governance and the DFIs over time have become more interested in protecting their capital on a portfolio basis and receiving reflows (i.e., "returnable capital").
The Blended Finance – New Business and Portfolio (CBFNP) division sits in the Blended Finance and Partnerships Department. Within this division, there are investment officers focusing on blended finance transactions supporting IFC’s Operations. These blended finance transactions may use different blended finance facilities, including the IDA Private Sector Window (PSW) or multilateral or bilateral Blended Finance facilities. The goal of Blended Finance is to enable IFC industry and regional departments to have a deeper impact and footprint in the most difficult countries and sectors, primarily but not exclusively in IDA and fragile countries and also where relevant in middle-income countries. Investment officers in the Department also promote engagement in upstream work to generate more deal-flow and impact in the hardest to reach sectors and countries.
CBFNP seeks an Operation Officer to work on blended finance with SME & Gender/ Inclusion and IDA PSW facilities. Being part of CBFNP, this position will also provide the successful candidate with an opportunity to work across different industry groups and regions within a creative and results-oriented environment. Role & Responsibilities: Responsibilities would include, but will not be limited to: The selected candidate will work closely with the Financial Inclusion/ FIG industry lead and facility manager, and his/her responsibilities include, but are not limited to:
Focal point for day to day internal/external interactions of selected blended finance facilities including Iraq TF, Lebanon TF, the Prospect Facility and potentially other relevant blended finance facilities.
Report to the facility manager to ensure timely update on facilities performance, provide recommendations on facility deployment, portfolio monitoring.
Ensure alignment of activities along donors’ strategic priorities and prepare periodic operational, financial or impact reports, organize and participate in meetings with the donors.
Collaborate with others to ensure compliance of projects/activities with the facilities parameters.
Manage the facilities’ utilization rate, timely propose remedies and needed re-design or negotiation of the facilities for best deployment of the relevant facilities.
Under guidance of BF IO, work on selected investment project supported by IDA PSW and inclusion blended finance facilities. Support IOs on assessing the economic and financial case for using BF in transactions. Selectively lead performance-based incentive projects supported by relevant facilities.
Fund-raising assistance: Contribute to new concessional fund-raising efforts related to inclusion/gender. Gather lessons of experience for shaping future fund-raising activities and impact stories to be shared with contributors and other internal and external stakeholders. Assist in the preparation of analytical reports, strategy documents, briefs and project profiles.
Graduate degree, with a preferred specialization in a relevant quantitative field, like development finance, economics, or business administration;
5+ years of relevant experience in development finance, strategy, and data analysis, and/or evidence-based communications, preferably in global complex matrix organizations
Strong drafting abilities and superior verbal and written communication skills in English, with a demonstrated ability to distill key messages for decision making
Ability to manage sensitivity of information while crafting messages for different audiences
Strong data and analytics skills to build data infrastructure, gather, analyze, visualize, and present data for management decisions, identify trends and make meaningful portfolio analyses
Superior project management with sound business judgment and ability to coordinate with multiple teams and take lead to design and write reports and presentations under quality and time pressure
Strong attention to details
Ability to lead, train and influence
Collaborate Within Teams and Across Boundaries – Collaborates across boundaries, gives own perspective, and willingly receives diverse perspectives, including experience working across industry departments and with the WBG
Create, Apply and Share Knowledge -Applies knowledge across WBG to strengthen solutions for internal and/or external clients
Make Smart Decisions - Interprets a wide range of information and pushes to move forward.