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 sees private equity and venture capital as making a valuable contribution to development by providing capital and know how to fast growing companies that are leading drivers of job creation in the emerging markets. In addition to its more traditional business, IFC supports these companies through its Disruptive Technologies Group, which invests directly in early venture companies as well as venture funds. IFC’s current direct investment portfolio stands at over $600 billion in around 50 projects, with additional annual commitment of over $100 million across the emerging markets.
IFC is seeking a Senior Investment Officer to provide coverage for IFC’s corporate venture investment program in East and Southeast Asia. The role will include developing relevant corporate initiatives, partnerships and engagement for the region to enhance IFC’s strategic positioning in the disruptive technology space across all relevant industry verticals.
Specifically, this person will:
S/he will be based in [Singapore (preferred) or Hong Kong] and will report to the Chief of Technology Investment Officer of the Funds and Disruptive Technologies Department. Co-supervision responsibilities for a small team of regional junior staff.
Duties and Responsibilities
Establish, build, and maintain strong relationships with the venture ecosystem in the region, including early stage start ups, venture, corporate and strategic investors and development partners.
Develop and make strategic direct venture investments, VC funds investments, parallel investments and co-investments for the region in target sectors based on rigorous due diligence of prospective early growth stage ventures, strong technology analysis, business model and financial valuation.Manage portfolio of direct VC and VC funds investments in China and SE Asia; helping investees leverage on the resources and expertise of IFC and the broader World Bank Group. Portfolio responsibilities would include representing IFC on boards of portfolio companies and LPACs;Conduct analysis of and follow up on new business opportunities and liaise extensively with colleagues across the regions and DC headquartersParticipate in and lead negotiations and transaction structuring with potential investee companies;Assist in negotiating new investment deals across emerging markets.Lead due diligence for investment decisions;Represent IFC’s disruptive technologies team in internal and external events, develop relevant corporate initiatives, partnerships and engagement for the region to enhance IFC’s strategic positioning in the disruptive technology space across all relevant industry verticals.
At least 10-12 years of work experience of which at least 5-8 years of venture capital or private equity experience, ideally with some emerging markets transaction experience. Prior experience in, investment banking or business/corporate development will be considered;Significant transaction experience in and analytical knowledge of venture investing; specific sub-sector knowledge in one of the focused areas a plus (i.e. digital health, e-logistic/ supply chain; edtech; agtech; enterprise software solution)Experience in lead negotiating and structuring complex equity transactions;Existing and usable network amongst financial investors and strategic investors in emerging markets;Experience in portfolio management, including facilitation of exits. Having prior experience as an investee company board director is a positive;Advanced degree required, MBA from leading international institutions preferred.Written competency and spoken language fluency in English, with native writing and speaking capabilities in Mandarin Chinese preferred;Excellent financial and analytical skills.
Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.