IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit http://www.ifc.org.
IFC is seeking a Senior Operations Officer to advise the new Vice President for Economics and Private Sector Development. The Senior Operations Officer will provide strategic guidance on the scope and organization of this new function, which is responsible for providing independent and thorough economic analysis and oversight to all of IFC’s operations in a complex, global and decentralized environment. This includes accountability for all economic work across the Corporation, interface with the World Bank (WB), the International Monetary Fund (IMF) and other International Financial Institutions (IFIs) on Private Sector Development issues, development and implementation of a methodology to assess development impact of projects ex-ante, review and update of IFC results framework and development of country & sector strategies.
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.Background / General description
The Senior Operations Officer will provide guidance and implementation support to establish the scope, organization, strategy and activities of the new Vice Presidency for Economics and Private Sector Development, including:
• Develop a research and thought leadership agenda on the importance of PSD and private capital mobilization to attain the SDGs in coordination with WBG Chief Economist’s department.
• Inform decision making in IFC Operations by monitoring Emerging Market economies, performing industry research and market analysis and producing and disseminating economic analysis, forecast and country economic risk rating (in partnership with WB).
• Perform and / or coordinate private sector country diagnostics to guide IFC strategies.
• Contribute sound economic judgment to Client Solutions Committee (CSC) decisions. The CSC is the IFC committee reviewing and approving investment and advisory projects meeting high materiality thresholds.
• Develop a methodology to assess development impact of projects/operations ex-ante. Review and update the ex-post results framework (DOTS).
• Working with IFC Operations, Advisory and WBG Joint Practices, engage with governments on key policy reforms to support private sector development.
• Interface with WB, IMF and other IFIs on all issues related to Private Sector Development (PSD), and be IFC’s voice and advocate for IFC’s role with various stakeholders.
• In close coordination with IFC Operations, lead the development of PSD strategies by country and industry/ sector driving IFC operational work.
• Strengthen and sharpen IFC contribution to WBG country/ sector strategy.
• With operational departments, catalyze new ideas, business models, partnerships and innovation in IFC’s response to client, country and global development challenges.
• Ensure WBG’s knowledge and experience of PSD policy and economics are captured, curated and disseminated across IFC operations and in the WBG.
• Draw on findings from IFC Development Impact work to inform operations and establish a feedback loop to support innovation.DRDuties and Accountabilities
• Master’s in Economics, Public Policy, International Affairs or similar
• At least 10 years of relevant professional experience ideally in an international financial institution or national government focused on international economic and development issues
• Sound knowledge of disciplines relevant to development work (e.g. economics, banking, finance or other relevant field)
• Effective and persuasive oral and written communication skills to work successfully with external stakeholders, IFC Executive Board members, as well as with senior management
• Ability to operate effectively in a matrix management environment, both as a team leader and team member
• Highly developed political judgment and sensitivity. Ability to reach consensus and implement a program in a complex political environment.
• Ability to deal sensitively in multi-cultural environments and build effective working relations with clients and colleaguesSCSelection Criteria