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. For more information, visit http://www.ifc.org.
Private sector financial development is essential to the promotion of successful and sustainable economies in low-and-middle income countries around the world. Sound and efficient financial markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth. IFC’s goal is to prioritize investment in the financial sector because it promotes development in all other sectors.
IFC has embarked on an ambitious new Upstream strategy to stimulate more investment activity, especially in Low Income Countries (LICs) and Fragile and Conflict affected States (FCS). This new strategy aims at creating our own opportunities for private investments in markets by proactively working in these countries to create, deepen, and expand the markets themselves.
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’s main objectives include: 1) financial inclusion 2) servicing the real economy and 3) mobilizing third-party resources. FIG engages in a wide range of sub-sectors including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Digital Financial Services, Housing, Distressed Assets, and other areas, with both investment and advisory services delivered to IFC’s clients through our global network.
FIG’s advisory services (AS) are closely coordinated with investment services (IS) and help financial institutions across the region to build or improve their operations and are provided across the following focus areas: Financial Inclusion, which includes Microfinance, Small and Medium Enterprise Finance, and Gender Finance; Risk Management; Digital Financial Services; and Climate Finance.
The External Term Consultant (ETC) will be part of the Latin America and Caribbean (LAC) FIG AS team, with the primary role of developing and managing its growing advisory projects portfolio with financial institutions (FIs) in LAC, in coordination with the FIG IS team. S/he will be based in Sao Paulo, Brazil or Mexico City, Mexico
Duties and Accountabilities
The External Term Consultant will be responsible for the business development, design and implementation of client advisory projects aimed at the above product areas, including identifying Upstream and Covid -19 response opportunities. This will be done in coordination with the relevant FIG AS, IS, Upstream and regional teams to jointly identify FIG client opportunities and client engagement strategies. The design and implementation of advisory projects will be done as part of a team that includes the relevant Product Specialist(s), other FIG Operations Officers and the FIG AS Manager.
Responsibilities will include but are not be limited to:
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.
|City, State:||Sao Paulo|
|Closing date:||March 1, 2021|