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.
The Financial Institutions Group (FIG) is one of the primary industry groups at IFC, responsible for managing roughly 40% of IFC’s overall business in terms of volume and capital at risk. FIG engages in a wide range of subsectors, including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas. Both investment and advisory services are delivered to IFC’s clients through IFC’s global network.
Like most industries in the age of the Internet, financial services are undergoing a rapid transformation. While incumbents innovate in place mostly around products and channels, tech-enabled newcomers are rethinking the business models and reshaping the entire architecture of the financial services industry. We call this rising sub-industry Fintech.
IFC is the largest emerging-market-focused development finance house in the world. For the past ten years, IFC has built a diverse and promising global Fintech portfolio of about 60 equity investments in more than 25 emerging countries and disbursed over $500m. Fintech is a critical component of the World Bank Group’s strategy to expand financial services’ reach, efficiency and affordability and contribute to higher economic productivity. As part of its strategy, IFC has created a small but fast-growing and strategically important investment group that focuses on Fintech as part of IFC’s Financial Institutions Group.
The Fintech team is seeking an Investment Analyst based in Mumbai with equity investment experience, preferably in the fintech sector. The Analyst will support senior staff in the Fintech team in identifying and assessing investment opportunities in innovative Fintech companies that change and enhance the competitive landscape in South Asia. The key verticals of focus will be Payments, Lending, Insurtech, and Capital Markets.
Roles and Responsibilities
The selected individual will be responsible for the following:
• Analyze financial statements and prepare financial models
• Conduct industry, market and company research
• Prepare investment-related documents for internal and external audiences
• Participate in all aspects of IFC’s deal approval process, including business development, due diligence and portfolio management
• Work with senior staff to help identify viable investment transactions across Asia through mapping, desk research, and pipeline management
• Understand business operations and different business models
• Help design and maintain proper KPIs for portfolio companies or pipeline opportunities
Selection Criteria
The selected candidate should be able to demonstrate the following:
• Minimum Bachelor’s or equivalent degree; candidates with strong technical or engineering background and financial knowledge preferred
• 2-4 years experience in investment banking, consulting or PE/VC, or Business Development with fintech company, preferred
• Strong financial, analytical and modelling skills
• Strong interest in developing markets, Fintech and emerging technology areas
• Strong familiarity with financial software applications (e.g. Microsoft Office suite, research and financial databases, etc.)
• Team player with strong interpersonal skills and ability to work successfully with clients and colleagues from various cultural backgrounds
• Excellent communication and presentation skills
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.