Location:

Washington DC, United States
Salary:

negotiable / YEAR
Job type:

CONTRACTOR
Posted:

2 months ago
Category:

Economics
Deadline:

26/09/2024

JOB DESCRIPTION

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. For more information, visit www.ifc.org.

The Development Impact Measurement Department (CDI) within the Economics and Private Sector Vice Presidency (CEDVP) analyzes economic sectors with a view to identifying opportunities and solutions for private sector development and works closely with IFC Operations. It provides technical support to operations related to structuring, appraising, and monitoring investment and advisory projects and is responsible for reporting on IFC’s impact. The department is in charge of implementing the ex-ante project assessment framework (Anticipated Impact Measurement and Monitoring- AIMM) for investment and advisory projects throughout the project cycle, help ensure high-quality economic support for IFC operations teams on strategies and projects, and developing sector economic analyses with a focus on solutions for private sector development.

CDI staff comprise mainly sector economists and results measurement specialists assigned to units organized along IFC industry groupings. These include units for Financial Institutions (CDIFI), Infrastructure (CDIIN), Manufacturing, Agribusiness, and Services (CDIMA), and Funds and Disruptive Technology team (CDIDF). The department also includes staff working on economic modeling, results measurement, corporate reporting, and sustainability that support all industry groups. In short, the department offers “end-to-end” support and impact assessments for IFC investments and advisory services, engaging upstream and downstream throughout the project cycle.

The Financial Institution Group team (CDIFI) is in charge of implementing CDI mandates and deliverables described above in relation to products, including investment and advisory to Financial Institutions, supporting microfinance, insurance, loans to small and medium enterprises and women-owned businesses, and affordable housing loans, among other areas. This includes fully developing and implementing the ex-ante project assessment framework for investment and advisory projects throughout the project cycle, monitoring and evaluating the impact of both investments and advisory projects, helping to ensure high-quality economic support for IFC FIG teams on strategies and projects, and developing sector economic analyses with a focus on solutions for private sector development. These activities will support operations done by FIG teams to deliver investments that support growing enterprises across emerging markets. Financial sector operations comprise a significant portion (approximately 40%) of IFC’s investment operations and make important contributions to financial sector development in client countries. These operations span commercial banking, including specialized product areas such as SME banking, insurance, microfinance, housing finance, trade finance, distressed assets, and capital markets development.

The Department is looking for an Extended-term Consultant (ETC) to work in close collaboration with the Investment and Advisory Staff of the Financial Institutions Group (FIG) to provide support for AIMM framework refinement, AIMM rating assessments for investments in the area of trade finance and other financial institution business lines at IFC. The analyst will strengthen the measurement, reporting, and evaluation of FIG’s results with a focus on AIMM project execution and framework adaptation, impact indicator data analysis, as well as other market analysis and research as needed. The analyst is expected to support CDIFI’s senior staff across multiple departmental activities and needs. S/he will work as part of the Development Impact Measurement department, covering financial sector operations, under the supervision of the CDIFI Manager.

Role & Responsibilities

• Support Development Impact research, analysis, and development impact measurement for IFC’s Trade and Commodity Finance Department and other business lines.

• Work in close collaboration with the FIG teams on Board submissions to ensure well-articulated and well-justified analysis of developmental impacts of FIG’s engagements in private sector development, citing documented and proven outcomes from academic research that support recommended interventions.

• Support analytical work based on rigorous applied economics in collaboration with FIG investment and advisory teams to inform sector strategies and operational decisions.

• Contribute to developing and implementing an ex-ante project assessment framework for investment and advisory projects throughout the project cycle.

• Work with IFC’s Investment and Advisory Officers to collect and analyze project data, apply the appropriate frameworks on the basis of data and research, create narratives that support the articulation of project impacts, and rate projects.

• Contribute to the implementation of the monitoring system for both investments and advisory projects and better report on project development outcomes in the FIG lines of business.

• Support economic and econometric research on a variety of economic topics relevant for the financial sector in collaboration with relevant FIG teams to inform sector strategies and operational decisions.

Communication, Knowledge Sharing, and Learning

• Distill and summarize large volumes of information from various sources to prepare accurate input to reports, talking points, and briefs that require key messages.

• Utilize graphics and tables to effectively and creatively present data in support of a coherent and cogent argument and narrative developed by senior colleagues.

• Prepare short write-ups or slides that summarize business and impact results, data analysis, and trends observed. Perform other analytical tasks, as they emerge from business needs.

• Perform other tasks as requested by the CDIFI manager.

Selection Criteria

• Bachelor’s or master’s degree in economics, finance, business, or international studies or equivalent professional qualification.

• At least two years of relevant professional experience.

• Prior work experience and/or research related to trade, global value chains and/or financial sector issues would be an advantage.

• Ability to collect and synthesize large volumes of information from diverse sources, compile data, and prepare quantitative and qualitative reports.

• Strong analytical and quantitative skills, including knowledge of Excel and/or other types of analytical software (e.g., STATA). Proven econometric skills.

• Strong written and verbal communication skills.

• Strong PowerPoint skills and/or graphic design or visual presentation experience.

• Proven capability to handle complex assignments and produce work to a high professional standard.

• Proven strong conceptual and analytical skills, initiative, ability to translate ideas into actions and timely delivery.

• Strong and positive team player, with proven ability to work collaboratively, contributing to a positive and supportive team dynamic while accepting individual deliverable responsibility.

• Strong work ethic – willing to invest time in developing deliverables, with integrity.

• A passion for development finance, an interest in trade, trade finance, and the emerging markets financial sector.

World Bank Group Core Competencies

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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