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 to 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 a Banking Advisory Specialist, to be recruited as an Extended Term Consultant (ETC), to support the development and implementation of advisory projects for financial institutions, in the framework of IFC´s ¨30 x 30 Zero Program¨ in Mexico.

ROLES AND RESPONSABILITIES:

Advisory:
•  Translating sustainability strategies into programs that can be rolled out inside client organizations and across their supply chain.
•  Identifying climate-related risk in FIs portfolios, define and articulate FIs´ climate finance strategies and targets (e.g. Net Zero journeys, TCFD adoption, etc.).
•  Assist them to develop new climate products and services and facilitating executing their respective business plans.
•  Provide feasibility assessments.
•  Help identify eligible assets (green tagging).
•  Build green bond and loan frameworks, etc.
•  Develop a pipeline of advisory clients aligned with the 30 by 30 Program strategy.
•  Lead the drafting of high impact client proposals and pitch presentations, and design project structures as determined by client needs, with the support of other members of the team.
•  Identify partnership opportunities to support and fulfil the Program´s targets.
•  Collaborate strategically and consult with all levels to resolve issues and achieve goals. Should be in constant collaboration with IFC’s investment team, to ensure that the advisory proposals bring new potential IFC transactions or complement existing and planned ones.
•  Implement advisory projects, providing advisory support to FIs on key sustainability, ESG, green finance and climate finance related areas in their transition to a low carbon economy.
Knowledge Management and capacity building:
•  Contribute to design and implement knowledge projects, training, and capacity building activities and execute market level awareness-raising sessions, seminars, roundtables, conferences, identify and/or create tools (such handbooks, toolkits, surveys etc.).
•  Execute in coordination with internal IFC teams and external vendors the development and dissemination of knowledge and communication materials (newsletters, articles, blogs, posters, videos, reports, brochures, press releases, etc.) to support the internal and external visibility of the Program.
•  Work with task teams and Project Lead to prepare management briefs for purposeful structure, clarity of ideas, and logical, persuasive presentations.

Selection Criteria

•  Master’s degree in business, finance, banking, economics, environmental science, engineering, pure sciences, policy, management, sustainability, or related field is a plus.
•  Minimum 6-8 years in a sustainability and-or climate related role developed in a consultancy services company and-or in the financial services industry (financial institution, bank, rating agency, advisory firm, fund, asset management etc.), preferably client led, or in a role in the financial services industry that incorporates ESG topics, global sustainable finance frameworks including TCFD, CDP, global climate policy, climate change, green, sustainable and impact investing strategy, ESG accounting, impact due diligence, ESG integration, net-zero strategy or sustainability considerations (e.g., ESG Analyst, Responsible Investment Advisor, Environmental Risk Manager).
•  Product knowledge in investment banking, capital markets and thematic bonds.
•  Experience working with or supporting senior executives. Must possess ability to work effectively across levels, geographies, and functions in a complex global organization.
•  Familiarity with metrics and tools for tracking climate investments, including GHG accounting is a plus.
•  Understanding of the evolving global ESG political, stakeholder and regulatory landscape.
•  Must be a strong analytical and strategic thinker, excellent road mapper and able to work with others to collectively develop and execute complex strategic plans/transactions.
•  Strong organizational, administrative and coordination and project management skills with a high degree of attention to detail.
•  Ability to handle multiple tasks in a timely and effective manner and thrive in a fast-paced environment.
•  Adaptable and demonstrates initiative. Must be able to work independently, cope with ambiguity, quickly develop trust, negotiate effectively, navigate what is right for the Institution, manage messaging and motivate others.
•  Excellent communication and interpersonal skills, advanced verbal, and written communication skills, comfortable delivering presentations to executives and top clients.
•  Experience working with or supporting senior executives. Must possess ability to work effectively across levels, geographies, and functions in a complex global organization
•  Passionate about environmental and social issues such as climate change, sustainable development, etc.
•  Fluent in Spanish and English
•  Excellent computer proficiency, particularly in MS Office and related applications.
•  Experience in creating and delivering high quality power point presentations.

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.