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 Institution Group (FIG) is one of the major industry groups at IFC responsible for managing roughly 40% of IFC’s overall business in terms of volume, capital at risk, profitability, and development reach. FIG engages in a wide range of sub-sectors including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, Global Trade Finance, and other areas. FIG provides investment and advisory solutions to hundreds of financial intermediaries in emerging markets to enable them to play a positive role in economic growth. FIG’s advisory services are closely coordinated with investment operations and help banks and Financial Institutions (FIs) to build or improve their operations in several areas, including Sustainability and Climate Finance.

Climate Business is one of the strategic priorities of the WBG, and IFC has set itself a very ambitious climate action plan and reach a climate target of 35% of total investments from 2021 to 2025 (including energy efficiency, renewable energy, cleaner production and resource efficiency, waste and wastewater management, and green buildings). To contribute to those targets, FIG has already quadrupled its climate finance investments over the last three years, working with FIs to scale up their financing of climate friendly projects. The team comprises of technical specialists, investment and operations officers and project managers who provide advisory services (AS) and investment services (IS) to financial institutions. The focus is to support IFC’s client banks and non-bank financial institutions build viable and scalable climate finance operations, leveraging capital markets as well as their client base and partnerships with various market players to promote mitigation and adaptation to climate change.

IFC has established a global advisory services program called the “30 by 30 Zero Program”, a 6-year project (2021 to 2027), that is aiming to harness the financial sector in targeted emerging countries to scale up private sector financing for climate mitigation and adaptation projects in line with NDCs. This flagship program is being piloted in 4 different countries: Egypt, South Africa, Philippines, and Mexico. The project follows a holistic approach to contribute to create domestic markets for financing climate businesses, with tailored interlinked interventions at three levels: Policy, Capital Market, and Financial Institutions.

The project is implemented through 5 components:
1. Develop climate-focused ESG public policies with regulators and supervisors, including the development of a national sustainable taxonomy (led by the World Bank – IBRD)
2. Contribute to the development of the sustainable capital market, with a focus on climate, targeting institutional investors and potential issuers from the real economy (led by IFC FIG)
3. Support the financing of a priority sector (NDCs) – in the case of Mexico: Distributed Generation of Solar Energy (led by IFC CBD)
4. Accompany the climate transformation of the financial institutions (increase green business and incorporate climate risks). (led by IFC)
5. Sensitize and train the financial sector to increase climate finance. (led by IFC FIG)

Directly in charge of 3 of these 5 components, IFC FIG advisory has also been given the responsibility of coordinating the overall program’s implementation, liaising with the different teams involved at the Mexican and global level, and executing the internal project management (monitoring and evaluation of the development indicators, periodic reporting, budget planning, providers’ contractualization, communication, etc.).

Some of the key targets of the Program by the end of 2027 include:
to increase from 3.5% to 9.5% the green market share portfolio of FIs;
to originate USD 300 million of IFC’s climate investments & mobilization;
to provide advisory services to 5 financial institutions;
and to support the issuance of USD 204 million of green bonds from the real sector.

The FIG Latin American and Caribbean (LAC) Climate Finance Advisory team is seeking an Extended Term Consultant (ETC) to coordinate and support the implementation of IFC´s ¨30 x 30 Zero Program¨ in Mexico.

Scope of the Assignment
The ETC, based in IFC’s Mexico office, will be part of the FIG LAC Advisory Services team, and will be responsible for the implementation of the 30 x 30 Program in Mexico. The ETC will work under the supervision of the FIG LAC Advisory Services Lead and the Project leader for the 30 by 30 Program in Mexico, in collaboration with other members of the Project’s team, in providing strategic, operational, analytical, and technical support to the Program’s implementation.

The ETC will support activities related to business development, project management with IFC’s existing and potential clients, and back-office support.

ROLES AND RESPONSABILITIES:

•  New Business Development support:
The ETC will help the team in developing a pipeline of advisory clients aligned with the 30 x 30 Program strategy. As part of this, the ETC will assist in drafting high impact client proposals and pitch presentations, conducting market research and analyzing supporting information, designing project structure as determined by client needs, drafting tentative budgets and timelines, analyzing financial trends, etc.
•  Project design & launch: 
The ETC will support the 30 x 30 Program project leader in project design including back-office support. Once a client expresses interest in pursuing an advisory project with IFC, the ETC will assist in all activities related to launching the project, which typically include in-depth project design (i.e.: defining project activities and scope of work, budget, staffing structure, monitoring and evaluation framework and indicator selection), assistance in drafting legal documentation, internal project approval processes and compliance requirements (e.g. IDD) ensuring all steps in IFC project cycle are fulfilled in a timely manner, and kick-off project workshop preparation with clients.
•  Project management and implementation: 
The ETC will play a pivotal role in coordinating and implementing the Program, its components, its planned activities (trainings at the sectoral level), and its respective one-on-one advisory projects. This will include working under the supervision of the 30 x 30 Program project leader with each respective component, partner, and client to ensure all activities of IFC’s project cycle and client deliverables are being completed. This can include: gathering of insights from internal and external experts on relevant topics, preparation activities for meetings/missions/trainings, conducting background research on market and client related issues, collecting and analyzing quantitative and financial information, drafting project-related analysis/reports/presentations to clients, implementing client’s project activities, helping to develop client deliverables, following the adequate project staffing, as well as other related project activities.
•  Operational Support for the project: 
The ETC will hold the key responsibility, under the supervision of the project leader, of keeping track, reporting, and updating the project development in IFC’s internal systems, including periodic supervision reports (PSRs), budget update and funds tracking, KPIs monitoring, internal reports, Integrity Due Diligence, Legal Agreements, etc.
The ETC will also ensure the internal coordination with the different teams involved in the project (IFC global 30 by 30 team, IFC CBD, IBRD), ensuring all requirements and key milestones are accomplished under the global Program agenda. The ETC will also keep a constant communication with IFC’s FIG investment team, country team, advisory climate team and the Green Banking Academy (GBAC), providing some updates on the Program and collaborating on relevant initiatives.
The ETC will support the recruitment process of ad hoc expert consultants and procurement of providers needed for specific one-on-one advisory projects, trainings or other capacity-building and advisory services (i.e. support to green bonds frameworks design), as well as internal needs.
The ETC will also impulse the internal and external communication on the 30by30 Program in Mexico, liaising with the relevant internal and external teams when needed. 

Selection Criteria

•  Master’s degree in Business Administration, Economics, International Development, Environmental Sciences, Engineering, or related specialty.
•  A minimum of 5 years of experience in the financial sector, international development finance sector, or consulting sector providing analytical support.
•  Relevant experience with drafting and presenting consulting proposals and implementing advisory projects, preferably for financial sector clients.
•  Relevant knowledge of the financial sector (financial institutions and capital markets), sustainability, sustainable finance, and climate finance.
•  Experience working in LAC, preferably in Mexico. Experience living and working in different cultures preferred.
•  Strong quantitative and qualitative analysis skills, including in depth market research, and ability to understand and present financial metrics.
•  Solid skills in drafting high impact presentations in Power Point.
•  Competent in Excel in building analytical tools and templates (pivot tables, graphs, etc.).
•  Ability to present information in an insightful and structured manner, both written and orally.
•  Fluency in English and Spanish.
•  Result oriented individual with high attention to detail, and solid capacity to synthesize information.
•  Ability to be proactive, communicate ideas clearly, articulate issues, and recommend solutions.
•  Ability to manage several work-streams concurrently, effectively, under tight deadlines. 

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.

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