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 2021, IFC committed a record $31.5 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 the COVID-19 pandemic. For more information, visit www.ifc.org
The Financial Institutions Group (FIG) is one of the 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, Payments, fintech, and other areas, with both investment and advisory services delivered to IFC’s clients through IFC’s global network.
IFC’s priorities in FIG as an industry group are: (i) grow investment and advisory solutions in all regions it operates in, while achieving strong profitability and development impact (ii) build new and nurture existing client relationships to make IFC the preferred partner for key clients (iii) manage portfolio of assets for strong profitability and impact; (iv) support local companies, while improving transparency and corporate governance; (v) catalyze foreign investment, including mobilizing B loans, parallel loans, and other forms of capital mobilization; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players; (viii) develop client, sector and country-level solutions through upstream and downstream interventions that can be scaled and replicated; and (ix) be a thought leader and innovator of products and client solutions globally.
Global trade is an engine of growth that creates jobs, reduces poverty, and increases economic opportunities. It is a key driver of integration and opportunities for local enterprises in emerging markets and developing countries. Financing trade is fundamental to the movement of goods at all stages of the supply chain and can have a strong development impact in developing countries. IFC’s trade finance programs offer guarantees, risk-sharing facilities, loans and other structured products to support trade in emerging markets. Through these various products, IFC has supported more than 400 financial institutions and thousands of underlying companies in more than 90 countries across all regions of the globe. To date, IFC’s Trade and Supply Chain Finance has supported over $190 billion in global trade, all of which is directly linked to the movement of specific goods across emerging market borders.
IFC is going to strengthen its footprint in trade finance in the Middle East, Central Asia & Turkey region (MCT). The Trade programs are very critical for IFC in this region, which includes Turkey, which is country with the largest outstanding volume of business under the Global Trade Finance Program (GTFP) as well as IDA/FCS countries, such as Iraq, West Bank and Gaza, Pakistan, and Uzbekistan.
IFC is seeking an Associate Trade Finance Officer to cover these countries based in Istanbul. The Associate Trade Finance Officer will be responsible for executing deals under GTFP by connecting local banks with global trade finance markets. The Associate Trade Finance Officer will report to the Regional Lead, Middle East, Central Asia & Turkey, Trade and Supply Chain Finance and will be a member of the Global Trade team which has its staff based in Washington DC and across IFC regions.
Duties and Accountabilities:
The Associate Trade Finance Officer is expected to:
• Work closely with the Regional Lead to identify market opportunities and develop new trade finance projects in the region.
• Minimum 4 – 8 years of experience in trade finance with a local/international commercial bank or international organization.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
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|Closing date:||October 20, 2021|