• Fragile, Conflict, and Violence affected Countries (FCV): The FCV Group aims to steer and drive the FCV agenda within the WBG, and to ensure consistency, complementarity, and synergies in approaches across the WBG.
• Gender: The Gender Group is a provider of tested solutions to close gender gaps, through supporting operational approaches to development challenges, improving the evidence base for results, engaging in knowledge generation, and scaling up partnerships.
• Knowledge Management: GOKMU takes the lead in ensuring operational knowledge flows across operations in support of the Bank’s development agenda.
• Infrastructure/PPP/Guarantees: The IPG Group supports Global Practices in the design and implementation of infrastructure investments and PPPs, and to put in place regulatory and institutional structures that support PPP programs.
• Climate Change: The Climate Change Group is dually mapped to the Sustainable Development VPU. It supports the implementation of the WBG’s climate change commitments and the Climate Change Action Plan, provide access to climate finance, and the mainstreaming of disaster risk management and scaling up of our work and lending on adaptation.
World Bank Group and Women’s Entrepreneurship: Women entrepreneurs play a critical role in economic development by creating jobs and boosting growth; however, they face numerous obstacles to financing, owning and growing their businesses. Women entrepreneurs typically face barriers in access to capital, technology, network, and knowledge resources, as well as legal, regulatory and policy obstacles in many developing countries.
To address these challenges, the Women Entrepreneurs Finance Initiative (We-Fi), underpinned by a Financial Intermediary Fund (FIF), has been established to provide a holistic public and private approach to address the constraints women entrepreneurs and women-led small and medium enterprises (SMEs) face. The objective of We-Fi is to address financial and nonfinancial constraints faced by women-owned/led small and medium enterprises (SMEs) in IDA and IBRD eligible countries and territories. We-Fi aims to achieve this by mobilizing more than $1 billion in commercial and international financial institution finance for entities that provide women entrepreneurs with access to debt, equity, venture capital, insurance products, capacity building, networks and mentors, and opportunities to link with domestic and global markets; and for governments to improve the business environment for women-owned/led SMEs.
The founding contributors to the WeFi include Australia, Canada, China, Denmark, Germany, Japan, the Netherlands, Norway, Russian Federation, Saudi Arabia, Republic of Korea, the United Arab Emirates, the United Kingdom, and the United States. A Governing Committee, comprising these 14 contributors, convened its first meeting on October 11, 2017, in Washington, D.C. and put in place the governance and operational framework that enabled the We-Fi to open for business.
The Governance Structure for the We-Fi includes the Governing Committee, a Trustee, and a Secretariat. The World Bank houses the Trustee and the Secretariat. The Trustee administers the FIF for purposes of receiving funds from contributors and holds those funds pursuant to the terms of contribution agreements.
The Secretariat, which will sit within the World Bank’s Global Themes Vice-Presidency, will carry out the day-to-day operations of the We-Fi, support the work of the Governing Committee and the Trustee, and coordinate partner relationships, knowledge management, and communications, working closely with colleagues across the WBG, MDBs, and external public and private sector partners. A high-level, cross-WBG Working Group will provide oversight to the Secretariat.
The Global Themes Vice Presidency is now seeking to hire a highly motivated and qualified individual for the position of Operations Officer in the We-Fi Secretariat. Key attributes for this position include experience in working on gender issues and women’s entrepreneurship; a track record of stakeholder engagements; experience in private and financial sector issues, including blended finance principles; grant making experience; and excellent oral and written communications skills.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 2 year term appointment.
Core Secretariat Services:
• Provide support on convening and servicing We-Fi Governing Committee meetings and other meetings, as required;
• Provide support on implementing the Call for Proposals process;
• Contribute to the screening of Funding Requests from Implementing Partners to ensure completeness and consistency with the We-Fi’s Governing Framework and Operations Manual, before transmitting to the Governing Committee for consideration;
• Support and coordinate with technical/advisory committees, as needed, for the We-Fi’s operations;
• Contribute to the preparation of the annual We-Fi budget;
• Notify the Trustee of Allocations approved by the Governing Committee, and consult with and provide other information to the Trustee, as necessary, to assist in day-to-day administration of the FIF;
• Assist Implementing Partners with navigating the We-Fi’s processes and requirements as laid out by the Governing Committee;
• Perform other functions as may be necessary for facilitation of the operations of the We-Fi.
Results Monitoring, Reporting and Evaluation:
• Track performance indicators against the monitoring and evaluation framework;
• Support the Governing Committee in commissioning mid-term reviews and the final independent evaluations;
• Contribute to the review and compilation of progress reports from Implementing Partners for distribution to the Governance Committee;
• Contribute to the preparation of the We-Fi annual reports;
• Contribute to reporting required by the Governing Committee.
Coordination, Outreach/Communication and Knowledge Management:
• Coordinate with relevant WBG Units;
• Coordinate with Contributors, in consultation with the Trustee, and with the Implementing Partners, and other relevant partners and stakeholders;
• Keep the We-Fi website updated and provide public information on the We-Fi.
The candidate should be an experienced professional with a proven track record in 1) knowledge of gender issues, regulatory frameworks for financial inclusion and the business case for women’s economic empowerment; 2) operational experience in a private sector financial institution or relevant operations in an IFI; 3) understanding of best practices for the use of blended finance to catalyze private sector activities with minimal market distortions; and 4) openness to innovative ideas and agility to incorporate cutting-edge approaches in finding impactful financial and related service solutions to create and grow female SMEs.
S/he proficiently interacts with WBG units, development partners and other stakeholders with confidence.
• Master’s degree in economics, public policy, business or development studies or other relevant discipline with at least 5 years of professional experience.
• Strong conceptual and analytical skills, ability to think strategically and rapidly analyze and integrate diverse information from varied sources into conclusions and recommendations.
• Knowledge and experience of working on gender, entrepreneurship and/or SME financing issues, and familiarity with stakeholders and the international development landscape.
• Ability to participate in multi-disciplinary teams.
• Proven planning and organizational skills, ability to work to tight deadlines, juggle multiple tasks and work effectively under pressure.
• Operational and results measurement experience in an international development organization (familiarity with the WBG policies and procedures desirable).
• Proven ability to produce evidence-based analytical reports for stakeholders.
• Excellent oral, written communication and presentation skills. Spoken and written fluency required in English.
• Strong interpersonal skills and ability to work effectively with internal and external partners in a multicultural environment.
• Understanding of the international development agenda related to women’s economic empowerment and key global partners such as the UN, G20, WEF, global companies and foundations would be a plus.
• Strong track record of developing innovative solutions and delivering results for clients.