Job Description

Job #: req17755
Organization: IFC
Sector: Investment
Grade: GF
Term Duration: 3 years 0 months
Recruitment Type: Local Recruitment
Location: Jakarta,Indonesia
Required Language(s): English
Preferred Language(s): Bahasa Indonesian
Closing Date: 6/9/2022 (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 in developing countries. In fiscal year 2021, we invested $31.5 billion 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 IFC’s key Departments responsible for a significant portion of IFC’s business volume, profitability and development reach, approximately 40%. 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 globally to IFC’s clients through IFC’s global network. FIG has three main objectives: 1) financial inclusion 2) servicing the real economy and 3) mobilizing third-party resources.

The Financial Institutions Group is responsible for originating and executing investment transactions in financial sector in the Asia region. The financial sector is a key priority in the region and the IFC is seeking to increase the number of investments both in volume and number in the region.

FIG is recruiting an Investment Officer to join the investment team which originates, manages and monitors IFC's financial sector investments in Indonesia.

The Investment Officer will be based in Jakarta and will report to the FIG Regional Industry Manager covering East Asia and the Pacific.


Duties and Accountabilities

The duties and accountabilities of the role include but are not limited to:
  • Demonstrate a thorough understanding of banking, financial institutions and related industry knowledge;
  • Develop investment promotion strategies in the region, including targeting potential investors and promoting IFC's products and services proactively;
  • Build and maintain strong relationships with clients, banking and multilateral partners and government officials to develop specific investment opportunities;
  • Evaluate, structure, negotiate, and close new transactions, portfolio restructurings, rescheduling, capital increases, equity sales, as necessary, with a strong focus on credit and asset quality (include processing mandates, due diligence, negotiating term sheets and other documentation, syndications and board approval);
  • Provide support to regional industry and portfolio teams in processing and supervising regionally managed projects;
  • Assist in the development of the Financial Institutions Group’s knowledge management strategy, and assist in execution of this strategy;
  • Coordinate closely with social, environmental, advisory and technical assistance colleagues in order to champion IFC’s value to our clients' businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact;
  • Take responsibility for supervision of one or more investments in the financial industry sector, with particular focus on problem/restructuring situations;
  • Mentor and coach less-experienced investment staff and help build talent and grow skill base of staff;
  • Assist in other project or strategy related activities as the need may arise.

Selection Criteria

  • Masters degree in finance, economics or other related areas; accreditation as a CFA or CPA is considered a plus.
  • Minimum 8-10 years of experience in the financial sector, with evidence of growing expertise in banking and non-banking financial institutions and finance related disciplines;
  • Strong financial and credit skills; demonstrated ability to structure and negotiate a variety of complex financial instruments (debt and equity).
  • Strong skills in evaluation of risk and ability to anticipate short and long term implications of decisions.
  • Ability to make sound decisions and commit to decisions.
  • Hold self and team accountable for risk management and outcomes.
  • Ability to interact directly and independently with the senior management of potential clients, of financial and technical partners as well as senior government officials.
  • Ability to systematically share with others good practice and learning from lessons from across WBG, clients, and partners.
  • Considered an expert in the subject area and is sought out by colleagues to advise, peer review, or contribute to knowledge products of others.
  • Skilled in collaboration across boundaries and broadly, ability to bring differing ideas into the forefront.
  • Good relationship management skills with proven track record of success in developing client relationships and execution of client engagements.
  • Knowledge and Experience in International Economic Development Arena and commitment to sustainable development.
  • Excellent business judgment and strong analytical and problem solving skills to identify issues and present creative, practical solutions.
  • Great team player, able to mentor and train more junior staff.
  • Capacity to deal with conflicting priorities and deliver high quality work on schedule; facility to work successfully in multicultural teams and across boundaries.
  • Excellent oral and written presentation skills in English are required.

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.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.

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Job Detail

  • Job Id
    26a0cebd453f60a7
  • Location
    id
  • Company
  • Type
    Private
  • Employment Status
    Permanent
  • Positions
    Available
  • Career Level
    Experience
  • Gender
    Male/Female

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