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 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 www.ifc.org.

Private sector financial development is essential to the promotion of successful and sustainable economies in low and middle-income countries around the world.  Sound and efficient financial markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth.  IFC’s goal is to prioritize investment in the financial sector because it promotes development in all other sectors.

The Financial Institution Group (FIG) is one of IFC’s key Departments responsible for a significant portion of IFC’s business volume, profitability, and development reach, approximately 45%.  FIG engages in a wide range of sub-sectors including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas.

IFC is looking to identify an individual who will lead its FIG DARP team to continue to set the strategic direction of the business, identify and scale new and existing opportunities and manage the DARP portfolio, as well as to continue to closely coordinate with the upstream work done across the WBG. The individual will lead the FIG DARP team globally.  The individual will also be responsible for managing and maintaining the relationships with the existing DARP partners globally and identify new partners.

The position will report to the Global Equity Head within the Financial Institutions Group and will be based in Washington DC.

Roles & Responsibilities:

• Lead and manage the DARP team in order to achieve its objectives;
• Define DARP’s global strategy, prioritize areas of focus, and establish goals for the business and the team;
• Collaborate closely with FIG regional management in developing DARP’s priorities and strategies across regions;
• Help develop a strong pipeline of good quality investment opportunities through anticipating market trends and employing sector/country knowledge;
• Evaluate, structure, negotiate, and close new transactions;
• Manage the relationship with existing DARP clients as well as work closely with the rest of the team to ensure a consistent approach across regions;
• Work closely with the WB’s FCI GP, Upstream and Advisory Regional teams to establish priority areas for joint efforts;
• Oversee DARP master servicing framework (including both pricing and performance monitoring), as well as coordination with existing network of servicers and partners;
• Define and lead the development and implementation of all internal requirements associated to a growing business line;
• Coordinate with other units within IFC to ensure all the required support to efficiently manage both the new investments as well as the existing portfolio.

Selection Criteria

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.