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  • Posted: Sep 2, 2021
    Deadline: Not specified
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  • The World Bank Group is a multilateral organization headquartered in Washington, D.C., whose members include most of the world’s countries. Five institutions make up the World Bank Group to collectively serve as a vital source of financial and technical assistance to developing countries.
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    Investment Officer

    Description

    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 2021, we invested more than $23 billion in long-term finance 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 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 engages in a wide range of sub-sectors including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with both investment and advisory services delivered to IFC’s clients through IFC’s global network.

    As most industries in the age of Internet, financial services are undergoing a rapid transformation.  While incumbents innovate in place mostly around products and channels, tech-enabled newcomers are rethinking the business models and reshaping the entire architecture of the financial services industry.  We call this rising sub-industry Fintech.  

     

    IFC is the largest emerging-market-focused development finance house in the world. For the past 10 years, IFC has built a diverse and promising global Fintech portfolio of about 60 equity investments in more than 25 emerging countries and disbursed over $500m.  Fintech is a critical component of the World Bank Group’s strategy to expand the reach, efficiency and affordability of financial services as well as to contribute to higher productivity in the economy at large.  As part of its strategy, IFC has created a small but fast growing and strategically important investment group that focuses in Fintech as part of IFC’s Financial Institutions Group.  

     

    IFC is looking for an Investment Officer for the Global Fintech Investments Group based in IFC Johannesburg office in South Africa.  The Investment Officer will be a member of the Global Fintech Investments Group within FIG, yet will focus on origination, execution, and portfolio monitoring of Fintech Investments in the Sub-Saharan African region. Investment Officers are part of multidisciplinary teams and professionals who have expertise in the sectors in which IFC does business. Project teams consist of investment officers and analysts, industry specialist, lawyers, insurance, corporate governance and environmental and social specialists. 

     

    Role & Responsibilities:

    •  Support IFC regional Fintech lead to build a strong pipeline of potential investee companies and to initiate new investment opportunities in Sub-Saharan Africa.

    •  Establish networks with financial institutions and investors, including venture capital, private equity firms and strategic investors, active in the Fintech sector in Sub-Saharan Africa. 

    •  Conduct analysis on new business opportunities and liaise extensively with colleagues in Sub-Saharan Africa and worldwide.

    •  Conduct due diligence for investment decisions; Participate in negotiations and transaction structuring with potential investee companies.

    •  Monitor existing portfolio equity investments.

    •  Pro-actively participate to the development effective sharing and institutionalization of industry knowledge and lessons from experience with the rest of the team.

     

    Selection Criteria

    •  At least 6-8 years of successful Investment track record of which 3-5 years focusing on equity investments (preferably mostly or largely in emerging markets especially Sub-Saharan Africa).

    •  At least 2-3 years of investment experience in Fintech, and a good understanding of the industry. 

    •  Excellent business development and client relationship skills; Strong sense of service to clients and demonstrated business development attitude.

    •  Strong business acumen, ability to screen risks and propose best-fit structures.

    •  Experience in negotiating and structuring equity transactions.

    •  Excellent financial and analytical skills. 

    •  Strong inter-personal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds. 

    •  Ability to supervise, mentor and lead more junior staff.

    •  Experience in portfolio management, including facilitation of exits.  

    •  Highly motivated, committed to highest ethical standards.

    •  Written competency and spoken language fluency in English, with writing and speaking capabilities in French preferred.

    Method of Application

    Interested and qualified? Go to World Bank Group on worldbankgroup.csod.com to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

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