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 www.ifc.org.
The International Finance Corporation: IFC, a member of the World Bank Group, promotes sustainable private sector investment in developing countries as a way to reduce poverty and improve people’s lives. In addition to its investment work, IFC provides advisory services to a number of its clients to support them in meeting specific development goals. IFC’s advisory support to the financial sector is implemented via its Financial Institutions Group and is organized around the following main themes:
These services are delivered through regional Advisory Services teams, with support from global product specialists, and in partnership with IFC’s Investment and Upstream Services teams.
IFC & Digital Financial Services:
Some 2.7 billion adults – almost 70 percent of the population in developing countries – have no access to formal financial services. IFC, along with a number of other international development agencies, sees digital financial services (DFS) as an important way to bring low-income people into the formal financial system in ways that are efficient and cost-effective for both operators and users. The experience in the region, which provides financial services to millions of low-income Africans, has shown that this can be a viable business model.
Based on early success stories, the industry is experiencing a period of scaling and collaboration, with banks, MNOs, payment service providers and other stakeholders implementing different solutions, to achieve scale, in a cost effective manr. Africa is currently at the forefront of this wave, and IFC is engaging with a range of DFS partners to address key constraints to the rapid deployment of digital solutions for banking, particularly: 1) digital transformation business model definition and roadmapping; 2) distribution channel management, 3) product development; 4) technology and data analytics; and 5) customer education within underserved groups such as small-holder farmers and woman. It should be noted that IFC is not limiting its approach to mobile phone based solutions, but rather is looking at any sort of technology and/or agent enabled models that have potential for improving access to financial services for the poor.
IFCs works with various financial sector clients, including Mobile Network Operators (MNOs), Banks, Microfinance Institutions (MFIs) and payment services providers (PSPs) with the aim of building large-scale, sustainable and competitive ecosystems for digital financial services, in which a range of different players can offer services to the market, and particularly to low income people. IFC works across industries to build tailor made solutions for financial services such as agriculture off-takers, cooperatives and other key anchors. IFC also has operational and knowledge partnerships with a number of like-minded institutions with an interest in digital financial inclusion to disseminate knowledge and best practice.
Duties and Accountabilities ::
IFC is seeking to recruit a highly-motivated DFS Operations Officer, with extensive hands-on experience in designing and managing projects related to the implementation of DFS deployments in Africa; specifically within the agricultural sector. The individual should have extensive experience working with financial technology companies and/or assisting financial institutions on fintech deployment strategies and data analytics. The Operations Officer will be responsible for supporting client engagements, in close cooperation with IFC investment, upstream and advisory services staff. Depending on interest, there may also be opportunities to lead original research projects on topics related to digital financial services. The specialist will provide support in the following areas:
Project Management and Technical Support
Research and Development
|City, State:||Addis Ababa|
|Closing date:||April 12, 2021|