Syndications Officer
Syndications Officer
Job #:
req28866
Organization:
IFC
Sector:
Treasury
Grade:
GG
Term Duration:
3 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Closing Date:
8/16/2024 (MM/DD/YYYY) at 11:59pm UTC
Description
IFC - a 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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.
Background/General Description:
The IFC Syndicated Loans and Mobilization Department (CSL), including 50+ staff based in Washington, London, Nairobi and Singapore, works to enable IFC's partners-commercial banks, institutional investors, insurance companies, sovereigns and other development institutions-to participate alongside us as we lend to emerging market firms. By mobilizing our partners' capital, we forge new connections that can help increase foreign investment in the world's poorest countries and provide a fundraising path for other growing local enterprises to follow. The Department is responsible for developing innovative products and solutions to attract private capital into emerging markets. It is further responsible for mobilizing third party capital through the suite of syndication products as well as attracting non-traditional syndications partners to support the growth of IFC's loan business.
The CSL Co-Investor Solutions Unit (CSLCU) oversees IFC's engagement with institutional investors and insurance companies, including the award-winning Managed Co-Lending Portfolio Program (MCPP) which has raised $16 billion to date for emerging market private credit opportunities. CSLCU is also leading the development of new scalable, replicable, and sustainable mobilization platforms such as the originate-to-distribute initiative known as IFC's Warehouse Enabled Securitization Program (WESP). Finally, CSLCU is responsible for managing a $15 billion debt syndications portfolio on behalf of more than 200 co-investors.
CSLCU is seeking a Syndications Officer with broad experience and strong technical data skills relating to private capital mobilization, managing mobilization reporting methodology with other MDBs and OECD, including to lead the preparation of the annual MDB Joint Mobilization reports, and running a Virtual Data Room (VDR). S/he will report to the Senior Manager, Co-Investor Solutions division (CSLCU).
Duties and Accountabilities:
The duties of the Syndications Officer will include but not be limited to:
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MDB/DFI Mobilization Reporting
• Lead planning, execution and publication of MDB Joint Reports, including:
• Meet with MDB Task Force to decide on strategy for data reporting for Joint Report, integrating shareholder comments
• Consider expanding data collection and reporting by sector, region/income
• Review other possible additions based on stakeholder input and WBG new scorecard conversations
• Launch the MDB Joint Report data collection - revise spreadsheet with updated definitions, add new categories
• Work with MDB Task Force and Syndications management on table of contents, topics to cover, and contributors for Reports
• Work with Syndications management on drafting reports
• Gather contributions from MDB colleagues to craft new content for "market analysis" section of Reports, and update other sections
• Engage with graphic design/typesetting and editing team on report production
• Finalize data collection and summarization
• Manage report through drafting, editing and VP and other MDB clearance process
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Mobilization Methodology Development
• Act as key resource for MDB joint methodology application and measurement internally and externally as needed, including:
• Support IFC in managing IFC's contribution on joint methodology development and updates in line with Evolution Roadmap
• Support CSL on Private Capital Mobilization (PCM) reporting and related engagement with MDBs
• Work with IFC and broader WBG colleagues to contribute to the development of private capital enabled (PCE) definitions and methodology, other catalytic methodology enhancements to ensure alignment with MDB methodology and reporting principles
• Provide insight and input into and act as resource on PCE development generally for IFC an WBG, drawing from experience base in catalyzation development efforts previously
• As business needs require, engage with donors and other stakeholders that have significant interest on topic of mobilization
• Work with CSL management to help ensure key stakeholders' concerns on mobilization methodology are addressed in a timely manner
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Coordinate with the Partnership's team the Mobilization Data Sharing for the OECD and others, including with the use of the Virtual Data Room (VDR) Solution
• Participate with Partnerships, Blended Finance and Legal colleagues on a working group to resolve data sharing issues with donor partners
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As needed, adjust the VDR Solution for the MDB Report Mobilization Data
• Manage any necessary enhancements to VDR reporting
• Engage with IFC internal IT (CIT) and legal teams as needed, including leading any disaster recovery plan in case of breach or loss of data
• Keep appraised of ongoing reporting developments and explore further synergies with OECD mobilization reporting, including:
• Contributing IFC views as part of expert working groups
• Ensuring OECD methodology development considers IFC/MDB reporting needs, joint methodology development or changes, and confidentiality obligations with respect to future reporting mandates
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Support other strategic initiatives
Under the guidance of CSL management, work on other strategic initiatives, including use of AI to increase efficiencies, innovation, and expansion of mobilization opportunities; engagement with OECD, donors/contributors, thinktanks, MDBs and other relevant stakeholders.
Selection Criteria
The candidate should:
• Possess an MBA or master's degree with at least 8-12 years of relevant market experience or an equivalent combination
• Bring significant knowledge of IFC's investment products, documentation and processes, business strategy, and development impact
• Bring an understanding of the strategic Mobilization landscape including awareness of activities by other MDBs
• Be a creative, effective and forward-thinking communicator, using a wide range of techniques to communicate complex data and concepts in a simple manner
• Have excellent writing skills with an ability to synthesize complex issues - both for strategic and media audiences
• Have strong analytical skills and preferable some knowledge of data management and analytics
• Be an independent thinker and a proactive self-starter, able develop strategy and communication narratives with limited support
• Take personal responsibility for producing high-quality work and leading a small team to deliver results for clients
• Possess sufficient gravitas and confidence to engage with senior management across IFC, WBG and MDBs
• Add value by constantly looking for a better way to get more impactful results and set challenging stretch goals for oneself
Note: This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
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