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Duties and Accountabilities:

• Provide objective and independent risk assessment in approving and monitoring transactions, in adherence with IFC policies, procedures, guidelines and best practices, such that investment transactions and portfolio actions contribute to IFC’s financial and development goals.
• As a "second pair of eyes" to investment teams, s/he will be available at all stages of IFC's investment process to discuss potential issues with teams, including sponsor, market, regulatory environment, structure of the transaction, term sheet and documentation, obligor/investee financial performance, compliance with covenants, use of de-risking tools, etc.
• Ensure IFC's risk appetite is clearly understood, that a proper risk-reward balance is achieved in transactions, and the quality of IFC's portfolio is maintained.
• Approve the initial credit risk rating and facility rating for new transactions and review sample portfolio ratings on an ongoing basis.
• Be a recognized thought leader and provide expert input to and identify vulnerabilities associated with all approved transactions, as well as waivers and conditions. 
• For the geography and sector of responsibility, keep abreast of portfolio trends, participate in quarterly portfolio meetings / equity reviews, ensure Credit Watchlists are up to date and credit and facility ratings are updated adequately to reflect risks. 
• Visit transaction teams and/or clients in key office locations to get a first-hand understanding of key risks and to keep abreast of market developments in relevant sectors and countries.
• Contribute to knowledge management activities through drafting of Credit FAQs, actively supporting training programs, or similar activities.
• Participate in reviews and discussions of credit and equity standards, pricing, deal acceptance criteria, and business process improvement. Represent CIR on different working groups and corporate initiatives at the request of the RCRO or CIR Director.
• Provide back-up for other Chief Credit Officers and participate actively in departmental discussions of investment opportunities and challenges.
• Mentor junior staff.
• Advise the CIR Director and RCRO and Senior Management on relevant transaction or portfolio developments which could adversely affect IFC’s asset quality, developmental impact, or future performance.

Selection Criteria:

• Advanced degree (at least Masters) in finance, business, law, economics, international affairs, or similar fields. 
• At least 12-15 years of experience working for a major international financial institution with substantial exposure to both MAS and INR subsectors, including at least 2-5 years of experience in a credit risk-related function.
• Sound understanding of global and regional macroeconomic and geopolitical trends, knowledge and experience working in African and MCT markets desirable.
• Experience in analyzing and structuring debt, equity, mezzanine, and structured products, including both large scale project finance transactions, as well as corporate financing.
• Superior business judgement, independent thinker with highest standards of integrity. 
• Ability to work collaboratively with superior influencing and interpersonal skills, demonstrating the capacity to deliver results under stressful timetables and environment.
• Excellent negotiation skills and ability to seek innovative and constructive solutions to support IFC in achieving its financial and development goals.
• Capacity to manage and resolve conflicts constructively when stakes are high, and multiple stakeholders are involved, taking and standing by difficult decisions, while communicating them in a way that creates understanding and buy-in from all stakeholders. 
• Self-starter requiring minimal supervision. Strong independence of thought and ability to express candid opinions.
• Recognized as a team player and a leader. Excellent interpersonal skills. Ability to build strong relationships across boundaries.
• Proven ability to work effectively under a complex matrix organization and multicultural environment.

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Role and responsibilities: 

1.Africa Advisory/Upstream Funds Management:

• Oversee the creation and maintenance of trust funds for the CAF region’s advisory/upstream business that are aligned with business needs.
• Tracking of funding position for all advisory/upstream sources of funds (CMAW, FMTAAS, Donor), in light of current needs and forecast, highlighting critical issues such as funding shortfalls in advance.
• Approval of Grant Funding Requests (GFR) and Call of Funds (CoF) requests.
• Approval of trust funds recommended for extension or closure.
• Undertake quarterly reviews of trust fund status, including closure of inactive trust funds.

2. PPP Africa (C3P) Business Line Support:

• Lead the preparation of the Consolidated Africa C3P Budget for the subsequent year; to include staffing numbers, variable expenses, costings, project budgets and funding sources.
• Proactive oversight of project budgets during the year. Ensure required charge codes (WBS elements) are active and adequately funded and only eligible expenses charged, with due compliance with donor agreements and IFC/WBG policies (including applicable funding sources).
• Review overhead allocations charged to business lines monthly for reasonableness with set rates.
• Ensure time recording compliance for all staff and consultants working on business line projects.
• Clearing of control accounts (BFF accounts) and ensuring SAP reposts.
• Monitor open commitments monthly, notify Task Team Leaders (TTLs) on stale commitments.
• Participate in advisory/upstream meetings such as Concept Review Meetings (CRM), Project Supervision Review (PSR) and Project Completion Review (PCR).

3. Management Reporting and Analytics:

• Prepare the Africa monthly advisory/upstream funding status report – highlighting internal and external funding sources.
• Prepare funding analyses to support country driven budgeting (CDB) in Africa.
• Prepare adhoc reports on funding to assist the Africa Regional Head of Operations in decision making.
• Prepare for respective C3P Project Leads: Projects budget variance analysis, identify gaps, highlight areas of concern and make recommendations proactively.
• Prepare the C3P Africa Manager: The consolidated C3P report, to include all project budgets status, funding status, country spend, cash fees aging, time recording compliance (TRS) and other control issues.
• Provide input to Biannual Donor reporting.

4. HQ and regional cooperation:

• Participate in advisory/ upstream meetings, Budget & Finance Network and Regional initiatives to leverage regional knowledge, learn from other colleagues, and build networks- actively seeking and considering diverse ideas.
• Act as regional focal point on trust funds to actively communicate issues for the units, knowledge sharing and implement/promote initiatives.
• Build a strong partnership with the CBA HQ team in the areas within the scope of the main responsibility of the role to ensure a common approach and data consistency at the department level.

5. Oversee Internal Controls and Risk Assessments:

• Oversee responses by AS Finance Analysts to the Quarterly Trust Fund Exception report and audit queries.
• Proactively oversee controls on AS trust funds and financial management.

Selection Criteria:

• Masters Degree in Accounting, Finance, Business or Economics with at least 7 years of working experience. 
• Recognized professional accreditation (CPA, CMA, CIMA, ACCA, etc.) is a plus.
• Sound knowledge and understanding of accounting theory, concepts, and principles, combined with proven practical skills in financial accounting reporting, business planning, profitability analysis, and financial management.
• Diligence and attention to details.
• Working knowledge of SAP processes and transactions.
• Planning and budgeting skills proved by experience: able to produce standard activity and unit-level reports and budgets using inputs from senior staff or operational management, and to provide basic analysis of budget information.
• Advanced problem solving, analytical skills.
• Ability to analyze and synthesize information, interpret data, retrieve information, and clearly and concisely communicate results. Good data mining skills with working knowledge of Microsoft Package. Advanced Excel skills.
• Effective communication skills with the ability to prepare, present and discuss findings in written or oral
• form. 
• Ability to manage multiple, concurrent tasks with tight deadlines.
• Excellent interpersonal, teamwork and communication skills. 
• Fluency in the English language.