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 2020, we invested $22 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. For more information, visit http://www.ifc.org
The Environmental, Social and Governance (ESG) Advice and Solutions Department (CEG), includes approximately 200 staff and consultants. The Department supports IFC’s investment, advisory and upstream departments to manage ESG risks associated with their activities and find solutions to client issues on the basis of our Environmental and Social (E&S) Performance Standards (www.ifc.org/performancestandards)and the Corporate Governance Methodology (www.ifc.org/corporategovernance ). CEG further leverages this expertise and operational experience in emerging markets to encourage the effective adoption of these standards by companies and investors across emerging markets. More details can be found at http://www.ifc.org/sustainability.
IFC currently has a committed portfolio of approximately $60 billion, distributed across ~2,500 projects with 1,800 clients and undertakes due diligence on approximately 450 prospective new investments annually. Business activities supported include energy, mining, transport infrastructure, telecommunications, light and heavy manufacturing, healthcare, education, tourism, retail and property, emerging & ground-breaking technologies and the financial sector, supported through advice and with debt, equity and guarantee investment products. Clients vary from multinational corporations to small-scale local businesses, sub-sovereign authorities, and public organizations. The portfolio is globally diversified, though IFC actively seeks more business in less developed and fragile and post-conflict countries.
CEG has an environmental and social (E&S) risk-management role, undertaking E&S due diligence (ESDD) of prospective IFC investments, and providing E&S monitoring oversight at both the individual client and portfolio levels. CEG works closely with IFC’s E&S Policy and Risk Department (CES) which oversees E&S policies and standards and ensure compliance with same and provides an E&S risk management for high-risk transactions.
Duties and Accountabilities:
The Chief E&S Specialist position is part of the CEG Leadership team and will report to the CEG Director. The Chief E&S Specialist holds the most senior technical E&S role in CEG, providing technical support to CEG’s E&S specialists, Sector and Thematic Leads, and Management on the application of IFC’s E&S Performance Standards (PS) and Sustainability Policy for the most complex and innovative issues that IFC faces in its projects. S/he serves as line-manager for around 15 Sector and Thematic Leads and will support the development or update of policies, procedures, and staff guidance that relates to E&S risk management and support. S/he will advise the CEG Director on all transactions that require senior management engagement.
Key accountabilities include:
Transaction Processing Support (Investment, Advisory and Upstream)
• Act as focal point for the interpretation and application of the Sustainability Framework to investment, advisory and upstream work streams, to maintain global consistency and quality in application of Performance Standards.
• Advise CEG Director and coordinate with Regional Managers on projects posing particular risks to IFC or whose interpretation issues are likely to have impacts beyond a specific project.
• As needed, guide operations teams and Sector and Thematic Leads on E&S risks in all relevant investment, upstream and advisory transactions throughout the project life cycle, including as needed support to operations teams in client negotiation of E&S conditions, and presentation of projects to IFC’s Senior Management and Board of Executive Directors.
• As needed, represent CEG on technical E&S issues within the WBG.
• Active participation and support to project teams involved in CAO compliance investigations, or other problem projects.
Global Consistency, Knowledge Management & Leadership
• Lead the departmental Leads network, promoting regional, sectoral, thematic information sharing, knowledge management and global consistency of practice.
• Lead the E&S Peer Review Process. Ensure technical rigor and consistency of the process and the integration of findings into operational practices where necessary.
• Support the Advisory, Knowledge & Learning Manager in development of IFC’s E&S Knowledge agenda. As needed, support coordination with CES to this end. Manage the knowledge work program delivery of Sector and Thematic Leads.
• In coordination with CES, act as strategic liaison with other DFIs on emerging operational issues and consistency of approach, providing oversight and support to Sector Leads for specific sectoral issues.
• As needed, represent CEG and IFC in external forums and conferences and before IFC’s Board to highlight IFC’s experience, approach and value proposition.
• Contribute to onboarding and training of IFC E&S Specialists.
E&S Policies and Procedures
• In coordination with CES, provide technical oversight of CEG’s contribution to develop or update E&S policies, procedures, governance processes, systems as well as relevant templates, to ensure the appropriate application of the Sustainability Framework.
• Oversee the integration of new areas of E&S focus into ESDD and supervision processes.
• Coordinate with Regional Managers and contribute to the definition of key roles and responsibilities of E&S Specialists in E&S Due Diligence and supervision.
• As needed, coordinate with CES and IFC’s legal department to determine adequacy of E&S provisions in templates for legal agreements with clients.
• Manage a team of Global Sector and Thematic Leads.
• Develop clear performance objectives and set clear targets for staff.
• Provide staff with honest, specific and ongoing feedback regarding performance, evaluate staff during departmental performance and talent reviews.
• Assist with recruitment and onboarding new CEG employees and consultants (including reviewing TORs, interviewing, and advising hiring managers).
• Support staff in managing their careers: discussing career interests, coach and provide guidance and approve professional development plans as part of performance evaluation.
• In close collaboration with Regional Managers, coordinate regular feedback from Sector and Leads on performance of E&S specialists.
• Support staff development by contributing to their onboarding, training, coaching, mentoring and counseling them so that they develop their skills, abilities and strengths.
• Participate in department talent reviews. Recommend staff for promotions and awards. Proactively address marginal/poor performance.
• Graduate/advanced degree in environmental or social science, engineering, or other relevant field.
• Minimum of 15 years of relevant professional experience, including private sector experience in sustainability and proven relevant E&S risk management experience in multiple sectors.
• Extensive international experience, including experience in developing countries. Willingness and ability to travel frequently to projects, supporting regional teams.
• In-depth knowledge of prominent environmental and social standards for the private sector, including IFC’s Sustainability Framework.
• Exceptional analytical skills, ability to think strategically, analyze and synthesize diverse information sources, and draw conclusions from sometimes limited data.
• Ability to communicate effectively and concisely at Senior Management and Board level in spoken and written English is essential. Additional language skills are advantageous.
• Excellent interpersonal, listening and communication skills including the ability to relate well with a wide range of internal and external parties and develop solutions in potentially tense or conflicting situations.
• Exemplary project management skills and ability to manage multiple tasks simultaneously under tight deadlines.
• Demonstrated ability to adapt to changing circumstances, organize and prioritize deliverables, and maintain attention to detail.
• Pragmatic, solution-oriented, problem solver with a high degree of responsiveness and proactivity, coupled with the ability to recognize when a solution is not available.
• Ability to work effectively as a member of a multi-disciplinary, multi-cultural team, influence and negotiate point of view within teams, superior mentoring skills;
• High personal integrity and emotional intelligence, with demonstrated ability to handle sensitive matters in a discreet and respectful manner. Diplomatic and calm under pressure.
|Country:||-- United States|
|City, State:||Washington D.C.|
|Closing date:||June 11, 2021|