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Job #:
req23944
Organization:
IFC
Sector:
Operations
Grade:
GI
Term Duration:
4 years
Recruitment Type:
International Recruitment
Location:
Mexico, Bogota, Sao Paulo, Vienna
Required Language(s):
English, Spanish
Preferred Language(s):
Portuguese
Closing Date:
9/6/2023 (MM/DD/YYYY) at 11:59pm UTC
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. Our mission is to leverage the power of the private sector to end extreme poverty and promote shared prosperity in a sustainable way. For more information, visit www.ifc.org.
IFC has embarked on an ambitious new growth strategy (IFC 3.0) to stimulate more investment activity. This strategy calls for generating our opportunities by proactively working “Upstream” to create, deepen, and expand markets and imagine, design, and implement investment projects. It requires taking a systematic approach to understanding the regulatory and sector bottlenecks that prevent the flow of private capital into productive investment in our member countries and addressing these bottlenecks through World Bank Group engagement on policy reforms and programmatic interventions at the country and sector level. This strategy also calls for working with Governments and IBRD/IDA and MIGA colleagues first to seek private sector solutions to address development challenges - where such solutions are advisable and can be effective - and reserve public financing for projects only when other options are suboptimal. This approach is called the “Cascade.”
The Manufacturing, Agribusiness, and Services (MAS) Group is a key industry group at IFC, responsible for managing a large part of IFC’s overall business in terms of volume and capital at risk. MAS engages in a wide range of sub-sectors, including manufacturing, agribusiness, health, education, property, retail and tourism, and other areas, with both investment and advisory services delivered to IFC’s clients through IFC’s global network.
IFC's priorities in Latin America and the Caribbean (LAC) and Europe for MAS are: (i) grow business in the Regions, achieving strong development impact, additionality, and financial sustainability; (ii) build new and nurture existing client relationships; (iii) manage a portfolio of assets for strong profitability and impact; (iv)work closely with the regional management team to strengthen our value proposition and delivery in the regions, including by developing joint ventures with other industry teams; (vi) catalyze and mobilize private capital and develop client and sector solutions that can be scaled and replicated; (vii) work closely with the global industry and treasury teams to introduce best international practices, global knowledge, and new financial products; (viii) foster strong relationships with other World Bank Group entities to identify collaboration opportunities and enhance client delivery and country-level outcomes.
IFC is seeking a Regional Industry Director (RID) for MAS, based in any of the main hubs of the VPU (Mexico City, Bogota, São Paulo, Vienna), who will be primarily responsible for MAS activities in Latin America, the Caribbean, and Europe. This key leadership role requires significant and demonstrated leadership and management skills.
Duties and Accountabilities
The roles and responsibilities of the position will include but not be limited to:
Business Responsibility
Client and Stakeholder Responsibility
Resource Responsibility
Reporting Lines
IFC has embarked on an ambitious new growth strategy (IFC 3.0) to stimulate more investment activity. This strategy calls for generating our opportunities by proactively working “Upstream” to create, deepen, and expand markets and imagine, design, and implement investment projects. It requires taking a systematic approach to understanding the regulatory and sector bottlenecks that prevent the flow of private capital into productive investment in our member countries and addressing these bottlenecks through World Bank Group engagement on policy reforms and programmatic interventions at the country and sector level. This strategy also calls for working with Governments and IBRD/IDA and MIGA colleagues first to seek private sector solutions to address development challenges - where such solutions are advisable and can be effective - and reserve public financing for projects only when other options are suboptimal. This approach is called the “Cascade.”
The Manufacturing, Agribusiness, and Services (MAS) Group is a key industry group at IFC, responsible for managing a large part of IFC’s overall business in terms of volume and capital at risk. MAS engages in a wide range of sub-sectors, including manufacturing, agribusiness, health, education, property, retail and tourism, and other areas, with both investment and advisory services delivered to IFC’s clients through IFC’s global network.
IFC's priorities in Latin America and the Caribbean (LAC) and Europe for MAS are: (i) grow business in the Regions, achieving strong development impact, additionality, and financial sustainability; (ii) build new and nurture existing client relationships; (iii) manage a portfolio of assets for strong profitability and impact; (iv)work closely with the regional management team to strengthen our value proposition and delivery in the regions, including by developing joint ventures with other industry teams; (vi) catalyze and mobilize private capital and develop client and sector solutions that can be scaled and replicated; (vii) work closely with the global industry and treasury teams to introduce best international practices, global knowledge, and new financial products; (viii) foster strong relationships with other World Bank Group entities to identify collaboration opportunities and enhance client delivery and country-level outcomes.
IFC is seeking a Regional Industry Director (RID) for MAS, based in any of the main hubs of the VPU (Mexico City, Bogota, São Paulo, Vienna), who will be primarily responsible for MAS activities in Latin America, the Caribbean, and Europe. This key leadership role requires significant and demonstrated leadership and management skills.
Duties and Accountabilities
The roles and responsibilities of the position will include but not be limited to:
Business Responsibility
- Develop and implement the MAS strategy and priorities in the Region in partnership with the Regional Directors, the Country Managers, the MAS Management team, and other Regional Industry Directors, focusing on growing our business, achieving strong development impact with high additionality and sustainable profitability.
- Lead and grow the overall MAS business in the Region and be responsible for delivering financially sound, profitable, and developmental new business and portfolio management.
- Strategically position the MAS business in LAC and Europe, working closely with the Regional Vice President, other Industry Regional Directors, and Regional Directors by developing the Country Strategies.
- Chair and/or manage Investment Review Meetings and make decisions on IFC investments in LAC and Europe.
- Be responsible for Upstream and Advisory engagements for MAS in the Regions.
- In collaboration with the Senior Manager Equity MAS, contribute to the delivery and execution of the MAS regional equity strategy.
- Partner with IBRD/IDA and MIGA to develop regional sector strategies.
- Work closely with the Global Industry, Client Relationship Managers, and Treasury teams to ensure the implementation of best international practices and innovative solutions.
Client and Stakeholder Responsibility
- Lead, in coordination with the regional leadership team, the design and implementation of the strategy for business development and ensure proactive and comprehensive client and MAS portfolio management in the Region.
- Represent IFC to key clients and Region stakeholders; build and maintain excellent long-term relationships with key stakeholders, including public sector relevant institutions, MDBs, Donors, and investors.
- Partner with other World Bank Group entities and other industries in the Region to seek opportunities for joint ventures, mobilization of resources/partners/collaboration, and knowledge transfer among the institutions to benefit clients.
Resource Responsibility
- Act as Primary Supervisor for MAS Managers and Reviewing Officials for other MAS staff dedicated to the Region.
- Implement agreed corporate initiatives for enhancing efficiency and client service. Recommend MAS resource allocation for the Region.
Reporting Lines
- The RID will directly report to the Regional Vice President of LAC and Europe.
- The RID will be part of the Core Leadership Team of the LAC and Europe Vice Presidency and the MAS global management team.
Selection Criteria
Master's degree or equivalent professional qualification in economics, finance, or business and at least 15 years of relevant experience.
- Commitment to the World Bank Group and IFC's mission, strategy, and values.
- Strong track record of business delivery and demonstrated investment experience, superior business judgment, experience in policy dialogue, and established professional credibility, covering any/all of the MAS sub-sectors.
- Strong knowledge and experience leading investment decision processes, including dealing, assessing, and taking decisions related to credit, legal, and E&S issues.
- Excellent written and verbal communication skills and fluency in English and Spanish (Portuguese as optional).
- Demonstrated ability and experience to think strategically, prioritize effectively, set direction, mobilize resources, and deploy them flexibly, supporting teamwork and collective leadership.
- Ability to work collaboratively with superior interpersonal skills.
- Ability to represent the organization to external clients and stakeholders from the public and private sectors.
- Strong and demonstrated ability to lead effectively and manage a large and dispersed team in a dynamic and multicultural environment.
- Excellent people management skills and openness to feedback; new ideas and ability to guide staff to solutions to problems.
- Demonstration of the highest standards of integrity and decisiveness.
- Ability and willingness to make decisions, deal with ambiguity, and take accountability and hold others accountable for results.
- Ability to deliver results under stressful timetables and environments.
- Ability to build organizational capacity through system and process improvements and be a change agent and catalyst for innovation.
- World Bank Group managerial competencies - courage of your convictions, leading the team for impact, influencing across boundaries, fostering openness to new ideas, building talent for the future.
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.
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