The World Bank Group - Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. In fiscal year 2018, the WBG committed $67 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $24 billion was concessional finance to its poorest members. It is governed by 188-member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.
We are recruiting to fill the position below:
Job Title: (Associate) Investment Officer - Financial Institutions Group
Build a career with impact. Working at the World Bank Group (WBG) provides a unique opportunity to help countries solve their greatest development challenges.
As one of the largest sources of funding and knowledge for developing countries, the WBG is a unique partnership of five global institutions dedicated to ending poverty, increasing shared prosperity, and promoting sustainable development.
With 189 member countries and more than 120 offices worldwide, the WBG works with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges.
The International Finance Corporation (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. I
n fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions, and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.
The Financial Institutions Group (FIG), one of IFC’s industry departments, supports projects in numerous financial sub-sectors, partners with local financial institutions, develops domestic and regional equity and debt markets, and introduces new financing instruments.
The goal is to develop efficient financial systems that will increase financial inclusion and fuel economic growth in client countries and enhance IFC’s developmental impact.
FIG is recruiting an Associate Investment Officer/Investment Officer to join the Investment Team, which originates, manages, and monitors IFC’s financial sector investments across Africa. The (Associate) Investment Officer will report to the FIG Regional Industry Managers.
There are two positions based in Rabat, Morocco and Lagos, Nigeria.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3-year term appointment.
Duties and Accountabilities
Provide key support in identification, appraisal, structuring and negotiation of financial sector investments.
dentify and analyze fundamental competitive strengths and weaknesses of projects or portfolio companies and identify non-financial issues, opportunities and risk/reward factors (e.g. business environment, country, and sponsor).
Handle disbursements, waivers and complex client interactions such as restructurings; monitor and value equity investments and recommends/executes the sale of holdings.
Monitor existing investments in portfolio companies, comprising various types of financial entities.
Review and analyze the financial and operating performance of clients; prepare quarterly risk ratings, annual supervision and other management reports as well as country strategy papers, briefs and project profiles.
Handle client relationships and provide insight into sector developments in client countries to anticipate new investment opportunities and/or performance issues.
Apply knowledge of project/portfolio lifecycle to identify and meet critical path milestones, and to implement tasks (including production of documents) in a timely and high-quality fashion for the processing or supervision of projects.
Actively keep abreast of regional and industry developments and incorporates trends into the processing or supervision of projects.
Selection Criteria
Master’s degree and minimum 5 years of relevant experience in the financial sector, preferably in an investment-related function, audit, corporate banking, and/or the private equity industry.
Good understanding of financial and operational characteristics of financial institutions.
Clear experience and expertise in identifying, evaluating, structuring and negotiating debt and equity transactions; experience in portfolio management.
Sound business judgment and strong problem-solving/negotiation skills, as well as the ability to work effectively on simultaneous projects under time pressure.
Excellent verbal and written communication skills in English
A keen interest in development finance and working in a multicultural environment
WBG Culture Attributes:
Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.