Financial Officer

  • Salary:
    negotiable / YEAR
  • Job type:
  • Posted:
    1 month ago
  • Category:
    Budget and Accounting, Finance, Treasury and Investment
  • Deadline:





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 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit
The Treasury and Mobilization Vice Presidency Unit (“CFIVPU”) safeguards IFC’s triple-A credit rating, promotes financial sustainability, and contributes to IFC 3.0 Strategy and the World Bank Group’s mission through a comprehensive approach to mobilizing private capital, providing financial solutions for clients, and contributing to the development of local capital markets.
The Crosscutting Initiatives and Advisory Unit (“CFICA”) spearheads the delivery of key capital markets development and upstream initiatives to support IFC 3.0, as well as coordinates the delivery of key initiatives for the VPU. Such functions include:  
•  Strategic Initiatives led by the VPU in support of IFC 3.0;
•  Specialized Advisory Services (AS) in support of the VPU’s mandate of raising funding in local currency, including the delivery of IFC’s flagship Capital Markets Postgraduate Programs and practitioner-to-practitioner advisory services on capital markets development and local currency financing;
•  Contributing to fundraising activities for IFC Treasury’s Advisory initiatives;
•  Knowledge Management for more efficient access to knowledge for all CFIVPU staff and clients;
•  Organization of CFIVPU’s flagship conferences;
•  Other Corporate Initiatives like operational risk reporting.
The CFICA is seeking to recruit a qualified Financial Officer (FO) to lead its expanding capacity building and advisory initiatives. The sought after FO will also be responsible of managing the growing VPU’s portfolio of advisory projects related to capital markets development for local currency financing, leading the Unit’s fundraising efforts, and coordinating the VPU’s operational risks reporting and other VPU’s contributions to corporate-wide initiatives. This role will require close interaction with external stakeholders as well as staff across the CFIVPU, Country Offices, and corporate support units (partnerships, budget, Development impact, legal, etc.) and business risk. This position will be based in Washington, DC, and will report to the Head of the Cross Cutting Initiatives and Advisory Unit. 
Duties and Accountabilities
The FO is expected to lead CFICA strategic initiatives and will have the following responsibilities: 
Education Programs
•  Oversee the implementation of the existing offerings of the IFC’s Capital Markets Postgraduate Program for emerging markets regulators at Georgetown and Paris-Dauphine Universities, ensuring consistency across both deliveries of the Program;
•  Lead the design and implementation of advanced Capital Markets Programs targeting C-1 or C-2 leaders from regulatory bodies and oversee the development of the new implementation plans for the education initiatives post 2025;
•  Manage the relationship with partners in the Capital Markets Postgraduate Program (the Milken Institute and Paris Europlace in particular) and contribute in the efforts to expand the pool of internship providers;
•  Lead the recruitment and management of technical consultants or service providers needed for the education initiatives; and
•  Lead the management of the IFC CMP alumni network by developing local country chapters and oversee the development of alumni related virtual and in-person workshops and events.
Advisory Portfolio Management
•  Monitor and evaluate the development impact of projects undertaken to contribute to Capital Markets development in all regions;
•  Conduct post-implementation review of project to ensure objectives are met and document lessons learned;
•  Contribute to the development of fundraising pitches and proposals, and develop promotional documents (reports, press releases, impact reports, etc.) with input from the relevant business lines and Communication teams;
•  Coordinate funding needs assessment of all the VPU advisory projects and work with the Partnership Team to ensure that these projects are properly funded;
•  Conduct budget reporting by monitoring, analyzing, and reporting on program & projects’ actual expenses vs budget;
•  Prepare regular donor reports and ensure compliance with donor and IFC agreements, including budget, measurement and evaluation results and success stories; and
•  Coordinate the hiring of consultants and consulting firms and manage the relations with those involved in the project;
Coordination of Corporate-wide Initiatives
•  As needed, participate in drafting the VPU strategic papers, presentations, Independent Evaluation Group reports, and other related requests that address Treasury’s value-addition towards the WBG strategic objectives around capital markets development and local currency financing; 
•  Coordinate the VPU’s quarterly operational reports and, when needed, risk and control self-assessment process;
•  Coordinate, as needed, the VPU’s contribution to clients’ surveys or other corporates’ requests; and
•  Perform other tasks as required.


Selection Criteria


•  An advanced degree in finance or economics and 8-12 years of professional experience in investment banking, financial markets capacity building and advisory services related to capital markets development;
•  Strong understanding of the functioning of capital markets;
•  Demonstrated ability to establish and maintain relationships with key stakeholders, including international investment banks, local banks, capital market firms, think tanks, investors, and regulators;
•  Ability to provide training to colleagues and external clients;
•  Experience in working with and leading discussions with countries’ senior officials required;
•  Exceptional written and communication skills, including the ability to synthesize and communicate complex topics in a clear manner;
•  High level of computer proficiency; 
•  Fluency in English and French required, working knowledge of Spanish a plus.
•  Superior project management skills, with ability to manage multiple deadlines and effectively coordinate with multiple institutions; 
•  Outgoing, self-motivated and flexible, with a willingness to adapt to changing situations;
•  Understanding of developing and emerging economies, including experience working in multicultural environment a plus; 
•  Willingness to travel.

As a representative of the World Bank Group, all professional activities are expected to be consistent with our Core Values: personal honesty, integrity, commitment, working together in teams – with openness and trust; empowering others and respecting differences; encouraging risk-taking and responsibility; enjoying our work and our families.


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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