Duties and Accountabilities
The roles and responsibilities of the position will include but not be limited to:
- Develop and implement the INR strategy and priorities in the Africa Region, in partnership with the Regional Directors, the Country Managers, the INR Management team and other Regional Industry Directors, with a focus on achieving strong profitability and sustainable developmental impact.
- Lead and grow the overall INR business in the Region and is responsible for delivering financially sound, profitable, and developmental new business and portfolio management.
- Responsible for an even distribution of the work program throughout the year (bunching).
- Ensure that the program is well distributed geographically including building a solid program in FCV and low-income countries.
- Demonstrate ability to work across Global Industries and develop multisectoral responses when needed.
- Position strategically the INR business in Africa, working closely with other Industry Regional Directors and Regional Directors in the development of the Country Strategies.
Client and Stakeholder Responsibility
- Leads, in coordination with the regional leadership team, the design and implementation of the strategy for business development and ensures pro-active and comprehensive client and portfolio management in the Region.
- Represents IFC to key clients and stakeholders in the Region, builds and maintains excellent long-term relationships with them.
- Partners with other parts of the World Bank Group, as well as other industries in the Region to seek opportunities for joint ventures, mobilization of resources and partners and collaboration and knowledge transfer among the institutions to the benefit of the clients. In collaboration with the Senior Manager Equity INR, contribute to the delivery and execution of INR’s regional equity strategy.
- Act as Primary Supervisor for INR Managers and Reviewing Official for other INR staff dedicated to the Region.
- Implements agreed corporate initiatives for enhancing efficiency and client service.
- The RID will have direct reporting to the Regional Vice President, Africa and dotted-line reporting to the Global Industry Senior Director for INR.
- The RID will be part of the Africa Core Leadership Team (ACLT) of the Africa VPU and of the INR global management team.
- A PhD, Master's degree or equivalent professional qualification in economics, finance or business and a minimum of 15 years of relevant experience.
- Commitment to the World Bank Group’s and to IFC's mission, strategy, and values.
- Strong track record of business delivery demonstrated investment experience, superior business judgment, policy dialogue and established professional credibility, covering different financial sector institutions and markets (banks, non-banks financial institutions, capital markets, fintech, etc.).
- Excellent written and verbal communication skills and fluency in English. Knowledge of French and/or Arabic would be a plus.
- Demonstrated ability and experience to think strategically, prioritize effectively, set direction, mobilize resources, and deploy them flexibly, teamwork and collective leadership.
- Ability to work collaboratively with superior interpersonal skills.
- Ability to represent the organization to external clients and stakeholders from the public and private sector.
- Demonstrated ability to lead effectively and manage a large and dispersed team in a dynamic and multicultural environment.
- Excellent people management skills and openness to feedback; new ideas and ability to guide staff to solutions to problems.
- Demonstrated highest standards of integrity and decisiveness.
- Ability and willingness to take decisions and deal with ambiguity, as well as take accountability and hold others accountable for results.
- Ability to deliver results under stressful timetables and environment.
- Ability to build organizational capacity through system and process improvements, be a change agent and serve as catalyst for innovation.
- World Bank Group-wide managerial competencies - Courage of your Conviction, Leading the Team for Impact, Influencing Across Boundaries, Fostering Openness to New Ideas, Building Talent for the Future.
Closing Date: 27th, May 2022
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The candidate will be expected to have a demonstrated track record and knowledge and expertise in credit risk management and of the financial markets and real sectors. This role requires good understanding of credit risk policies and procedures, internal credit risk models and trends in portfolio, emerging markets, macro-economic and political analysis, sector dynamics, financial modeling, equity valuation, legal structuring, and financial instruments and application of this understanding to risk/reward of existing and new transactions. The Senior Credit Officer will be based in Johannesburg or Vienna and will report to the relevant Regional Chief Risk Officer.
- Assist in implementing IFC policies, procedures, guidelines, and best practices so that investment transactions and portfolios are contributing to IFC’s financial and development goals.
- Is available at all stages (early review to post-disbursement) to discuss potential issues with the teams.
- Assure IFC’s risk appetite as set by IFC senior management is implemented and that a proper risk-reward balance is achieved in transactions.
- Provide an objective and independent risk assessment and approvals for portfolio projects and for new transactions with lower risk profiles and under the supervision of the relevant Regional Chief Risk Officer while meeting the levels of service included in the “Credit Client Service Framework”.
- For the geography, sector, product of responsibility assures that the quality of IFC’s portfolio is stable by ensuring trends in portfolio are identified in a timely manner, Credit Watchlists are up to date and credit and facility ratings adequately reflect risks.
- Identify risks and ensure they are fully disclosed and understood throughout the approval process.
- Contribute to knowledge management activities through drafting of Credit FAQs, actively supporting training programs, or similar activities.
- Assist Chief Credit Officers in developing, reviewing, and discussing credit and equity standards, pricing, credit risk policies and procedures, deal acceptance criteria, and business process improvements.
- Formulate well-reasoned and well-communicated recommendations.
- Keep abreast of developments in risk through network of contacts relevant to credit risk management.
- Keep abreast of developments in portfolio transactions under its responsibility including participating in quarterly portfolio meetings/ equity reviews.
- Work with Portfolio Managers and Special Operations teams to proactively restructure distressed investments and improve recovery rates.
- Advanced degree (at least Masters) in finance, business, law, economics, international affairs or similar fields. FRM or CFA designation would be a plus.
- At least 8-10 years of experience working for a major international financial institution with substantial exposure to the Financial Institutions (FIG) and Manufacturing and Services (MAS) sectors, including at least 2-5 years of experience in a credit risk-related function.
- Good understanding of analysis, structuring and documentation of debt, equity, mezzanine and structured products.
- High standards of integrity.
- Independence of thought and ability to express candid opinions.
- Self-starter requiring limited supervision.
- Ability to manage and resolve conflicts constructively.
- Recognized as a team player.
- Knowledge of and experience operating under policies, parameters, and procedures, including a good understanding of advanced internal credit risk rating models.
- Ability to work effectively under a complex matrix organization (with regional and sectoral leadership).
- Developed negotiation skills and ability to seek constructive solutions that achieve optimum risk-reward for IFC.
- Good interpersonal skills.
- Effective Communicator. Ability to synthesize information clearly.
Closing Date: 19th, May 2022
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Duties and Responsibilities
The Team Assistant’s duties and accountabilities include, but are not limited to, the following:
Operational and administrative support
- Use desktop processing skills to produce complex texts, reports, presentations, charts, figures, graphs, etc., according to World Bank format and distribution.
- Collect and input data provided by Task Team Leaders (TTLs) into the central database, including processing new project status reports.Keep abreast of the Organization’s directives and ensure effective processing of all project documents.
- Draft correspondence (standard letters, memos, faxes, etc.) conforming to the Organization’s regional standards, using proper grammar, punctuation and style and proofread materials
- Draft minutes of meetings and provide assistance in editing large documents.
- Maintain up-to-date unit project files (both paper and electronic) and retrieve data from various sources and compile these for use by the Task Team Leaders (TTLs), Resident Representative and/or the Country Management Unit (CMU).
Information Management and Client interaction
- Answer internal and external queries on the assigned portfolio or, as necessary, take accurate and comprehensive telephone messages, and route them to appropriate persons to handle.Maintain current distribution lists, phone/address lists of project/product contacts, and distribute documents for the team.
- Co-ordinate with service units, and liaise frequently with team members both in Washington and in the Country Office;Track and report on appropriate aspects of the Team’s operational activities
Time management & Logistics planning
- Co-ordinate time management and schedules, taking current and future priorities into account, anticipate and monitor changes, and communicate the information;
- Track assigned tasks/project steps/ timetables using modern office management technologies, coordinate with relevant staff, provide assistance and/or information on project-related matters;
- Solve non-routine problems creatively and resourcefully and assist in preparation and logistical planning for various events, e.g. conferences, workshops, negotiations, board presentation and signing, etc.
- Serve as a back-up to other staff and Task Team Assistants on project and administrative tasks.Occasionally perform Analytical tasks as may be requested by the Team Leader.
- Preferably a Diploma in Secretarial Studies or Office Management or Business Administration
- A minimum of Three (3) years relevant work experience in a large International or Service or Private Sector Organization;
- Proficiency in using advanced functions on Bank standard computer applications (Windows applications: Word, Excel, and PowerPoint);
- Knowledge of and ability to execute diverse work procedures related to the timely processing and production of assigned outputs and supporting administrative activities;
- Applied knowledge of Bank’s organization, procedures and practices, including Bank records management and filing procedures;
- Thorough knowledge of work procedures in assigned work unit;
- Demonstrated use of initiative and ability to make appropriate linkages in work requirements and anticipate next steps; and to follow through on team priorities in the absence of the team leader and respond to requests for information;
- Ability to pass relevant Bank tests (e.g. English language, computer applications, etc.) as required;
- Committed, dedicated and team player with ability to deal tactfully and effectively with staff and clients in a multi-cultural environment;
- Proficient English skills (verbal and written), including ability to draft routine correspondence and edit materials using proper grammar, punctuation and style
- Effective time management and organizational skills;Ability to produce high-quality work under pressure.
In addition to the above selection criteria, the following competencies are expected of the successful candidate:
Technology and Systems Knowledge:
- Demonstrates advanced knowledge and experience working with Microsoft office applications (Excel, Outlook, PowerPoint, Word, etc.) and smartphones. Has ability and willingness to maintain up-to-date knowledge and skills as technology.
Project and Task Management:
- Exhibits good organizational, problem-solving skills and ability to work competently with minimal supervision. Demonstrates attention to detail and quality. Has ability to manage multiple tasks and complete tasks within agreed schedule.
Institutional Policies Processes, and Procedures:
- Demonstrates knowledge of own department's programs and products, knows key players, understands own role. Displays understanding of WB policies and procedures relevant to the area of assigned responsibilities and is able to apply/ implement them.
Versatility and Adaptability:
- Demonstrates flexibility and is receptive to the implementation of new solutions. Is willing to stretch own capability. Demonstrates motivation to avail and adapt oneself to effecting change.
- Exhibits positive and professional client service attitude; is able to understand clients’ needs and complete them professionally.
Drive for Results:
- Takes personal ownership and accountability to meet deadlines and achieve agreed-upon results and has the personal organization to do so.
Teamwork (Collaboration) and Inclusion:
- Collaborates with other team members and contributes productively to the team's work and output, demonstrating respect for different points of view.
Knowledge, Learning and Communication:
- Has good knowledge of the unit’s language(s).
- Able to write clearly, edit and proofread draft communications.
- Able to learn and share knowledge/information across the unit.
Business Judgment and Analytical Decision Making:
- Able to manage information and support retention and disposition of information and records. Can search, report and deliver basic information from various sources and independently respond to basic inquiries.
Closing Date: 19th, May 2022