The International Financial Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it is needed most. In FY15, our long-term investments in developing countries rose to nearly $18 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity.
In 2015, the World Bank Group launched a recruitment mission to attract Sub Saharan African professionals to its work force. The initiative was the first of its kind for the institution and resulted in numerous hires into business areas such as Education, Health, Development Economics, Information Technology Systems, Social Urban/Rural & Resilience and Governance. The World Bank Group continues its commitment to hiring Sub-Saharan African professionals and announces its latest recruitment mission to again attract highly qualified Sub-Saharan African professionals who are looking for an exciting career, where their effort will contribute to the institution's goal of ending extreme poverty and promoting shared prosperity.
The International Financial Corporation (IFC), invites applications for the position below:
Job Title: (Associate) Financial Officer, Treasury Client Solutions
Locations: Washington, D.C., London, or Singapore
Area: Treasury
Job Summary
The Treasury Client Solutions Department provides IFC’s clients with innovative forms of local currency financing with a focus on the development of domestic debt markets to help increase the capacity for long-term local currency investment. The group has global responsibility for derivative transactions (cross currency swaps, interest rate swaps, currency forwards, and Eurodollar futures), structured products (securitizations, covered bonds, credit guarantees, risk participations, structured debt funds and similar structures), and debt capital markets including IFC's own local currency bond issuances.
The (Associate) Financial Officer, Treasury Client Solutions will be responsible for the following:
- Develop, structure, and execute transactions to provide local currency financing solutions to IFC’s clients through debt capital markets, structured products and local currency derivatives
- Build and maintain relationships with key stakeholders, including international investment banks, local banks, capital market firms, investors, and regulators, at a senior level
- Market treasury products to clients, regulatory agencies, and banks
- Conduct market intelligence of local and international debt capital markets
- Manage the preparation and execution of IFC’s local currency bond issuances and associated approval process
- Design, maintain and improve financial models to structure, evaluate and price innovative transactions
- Provide training and knowledge management services to internal and external clients.
Selection Criteria
- Master’s degree in Economics, Finance, Engineering, Mathematics or Business
- At least five years finance experience, preferably in fixed income (including derivatives) and/or structured finance (securitizations, credit guarantees, risk participations, structured debt funds and similar structures), within an investment bank, rating agency, or other capital-markets related entity
- Strong quantitative background, solid theoretical or practical knowledge of FX and Fixed Income markets, and/or structured finance, and enthusiasm for the development of domestic capital markets
- Ability to multi-task and to pay attention to detail under tight deadlines and strong oral and written communication skills
- Sound business judgment and strong negotiation skills, and good track record in transaction execution in an investment environment
- Willingness to travel frequently
- Highly motivated, results-oriented self-starter with proven capacity for teamwork
- Advanced knowledge of Excel, Bloomberg or Reuters is a plus.
Recruitment Timeline
End of July - September 2016 - Review applications and update application status to candidates
August - September 2016 - Contact all shortlisted candidates and conduct interviews in Washington, D.C. and locations in Africa
Application Closing Date
7th August, 2016.
Method of Application
Interested and qualified candidates should:
Click here to apply online
Note
- Shortlisted candidates may be contacted as early as August 2016 for interviews which may be conducted in Washington, D.C. or locations in Africa. Interviews will be conducted through September 2016. Based on the availability of interviewers and candidates some interviews may be conducted virtually.
- Candidates who have previously submitted applications through the Recruitment Drive for African Nationals in 2015 must submit a new application to be considered for opportunities in this year's campaign. We apologize that we are unable to consider previously submitted applications.