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
IFC has embarked on an ambitious new strategy to stimulate more investment activity by Creating Markets, including in Low Income Countries (LICs) and Fragile and Conflict Situations (FCS). 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. This strategy also relies on upstream work with Governments and World Bank colleagues to enable private sector solutions and financing. We call this approach the “Cascade.” 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.
IFC is seeking to recruit a Consultant – Integrity Due Diligence (IDD) Research Analyst, to work with the Corporate Operations Management Unit (COOMU) team. COOMU reports directly to the IFC Chief Operating Officer (COO). The unit acts as a liaison for all issues relevant to the Operations Vice Presidency (VPU) and coordinates with support functions (e.g. Portfolio Management, Strategy, IT, HR, etc.). In these discussions, COOMU acts as a facilitator with the goal of making IFC, and in particular the Operations VPU, more efficient and effective. In addition, the unit is tasked to enable better cross-departmental coordination across IFC and the WBG.
Specifically, the unit focuses on:
• Ownership of and accountability for implementation of corporate actions, initiatives and policy changes.
• Standardized and effective reporting on IFC’s program and pipeline to meet unit and management needs.
• Ensuring consistency of reporting and decision making across groups, in collaboration with Budget & Finance Team.
• Coordination with Human Resources (HR) Team and oversight of staffing across Operations. Coordinating across groups to ensure that HR processes are effectively applied while providing HR with necessary engagement from Operations.
• Acting as business lead for IT projects that are relevant for Operations to ensure that they effectively address the needs of Operations and help increase efficiency.
• Engaging with Knowledge Management (KM) teams (industries/regions) to ensure effective KM practices implemented across operations, in coordination with Global Knowledge & Learning (GKLO).
• Supporting COO, Regional Vice Presidents (RVPs), Global Head Industries (GHIs) to both engage with and articulate better to the Board (e.g. committee meetings, data accuracy, board reports etc.).
• Collaborating in support of the Maximizing Finance for Development (MFD) agenda across World Bank/IFC.
• Facilitating a cohesive, strategic approach to Advisory services (AS) and ensuring that Advisory is appropriately represented in all Corporate reporting. It monitors KPIs, identifies trends, and raises (and tries to solve) issues/risks. The Secretariat also convenes and supports the Advisory Services Operations Group (ASOG).
IFC has invested in supporting the increasing number of Integrity Due Diligence (IDD) research requests and is seeking qualified candidates to support the IFC IDD research process.
IDD Research Team is responsible for supporting the information and service needs of IFC staff related to IDD Research requests. IDD Research Team members demonstrate expertise in various areas of information delivery. They have outstanding customer service, teamwork, communication, and support skills.
The successful candidate will join the IDD Research Team within the COOMU and will work with internal clients across the Regions and in HQ (Washington DC).
Role & Responsibilities:
Specific duties and accountabilities include, but are not limited to:
• Conduct Integrity Due Diligence (IDD) checks as requested by IFC staff.
• Research names/entities using the Dow Jones Risk & Compliance Tool and Factiva, for negative news, sanctions, and any other negative information that could impact the IFC’s partnerships, prospective and existing client engagements and projects.
• Ensures IFC staff receive the most comprehensive information in a timely fashion — within our Service Level Agreement (2 business days or as agreed with client based on their deadline and volume of requests).
• Use ServiceNow case management system (or equivalent system) to track & document all IDD requests and answers.
• Knowledge management and sharing; may teach others on tips and tricks for effective IDD searching and share any highlights on challenging requests and how they were resolved.
• Bachelor’s degree in a relevant discipline, with a minimum of 1 year of relevant experience, or Associates Degree with a minimum of 3 years relevant experience.
• Keen interest in development finance and multicultural environments.
• Attention to detail and proven ability to methodically and efficiently synthesize large volumes of information from diverse content providers, compile data, prepare quantitative and qualitative management reports, and summarize key messages for presentation to senior management.
• Ability to communicate clearly and concisely both orally and in writing. Proven written and editorial skills and strong command of English, with an ability to convey complex ideas in a clear, direct and lively manner.
• Ability to communicate clearly and concisely both orally and in writing. Proven written and editorial skills and strong command of French is a plus.
• Strong analytical and problem-solving skills; sound business judgment to identify issues and present creative and practical solutions.
• Productive and comfortable at multi-tasking, with the capacity to work under pressure, capable of taking initiative and working independently under limited supervision.
• Excellent computer skills and ability to use standard technology packages, including the Microsoft Office suite (Word, Excel, PowerPoint).
• Demonstrated ability to research and analyze large and diverse sets of data.
• Familiarity with IFC/World Bank operations, procedures, and culture will be advantageous.
• Highest personal integrity and ethical standards, with demonstrated ability to handle confidential matters in a discreet and respectful manner.
Note: The selected candidate will be offered a one-year appointment, renewable for an additional one year, at the discretion of the World Bank Group, and subject to a lifetime maximum ET Appointment of two years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their second-year ET appointment are not eligible for future ET appointments.
|Country:||-- United States|
|City, State:||Washington D.C.|
|Closing date:||June 23, 2021|