Investment Officer - Blended Finance - GG

apartmentinternational finance corporation placeWashington calendar_month 

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.

Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.

The Blended Finance (BF) Department seeks an Investment Officer to support multi-sectoral BF facilities housed at IFC including the Concessional Capital Window (CCW), the Frontier Opportunities Fund (FOF) and the IFC-IDA Private Sector Window (PSW).

This person will work closely with the Program Manager of the above facilities to coordinate with IFC industry and regional teams, management and the Board on (a) the design & operationalization of CCW & FOF and (b) the utilization, BF portfolio supervision and overall program management of the CCW, FOF and the IFC-IDA-PSW.

From IDA21 (starting July 1, 2025), IFC and MIGA will have delegation in approvals of IDA-PSW investments with DFI as observers. This will result in a fundamental shift in accountability of PSW deployment which will require more robust control and coordination to ensure that the program aligns with IDA Policy Commitments as well as eligibility criteria.

The CCW has been conceived by IFC to supplement the IDA-PSW's pipeline and support IFC's increasing footprint in IDA-FCS countries as well as in regions and countries where conventional donor blended finance is not readily available. Operationalization as well as deployment will require a strong understanding of IFC's Operations to ensure close alignment and judicious usage of IFC's ringfenced capital.

The FOF is an innovative blended finance facility from IFC that will focus on addressing urgent climate needs by providing first loss products such as junior or capped equity to catalyze Private Capital Mobilization. The FOF's scarce resources require deployment across a diverse set of high development projects with a market creation dimension.

This will need close collaboration with IFC Operations' industry and regional teams to build a healthy pipeline that will prioritize high impact projects.

The position will be based in Washington DC and will report to the Program Manager of multi-sectoral BF facilities including CCW, FOF and the IFC-IDA Private Sector Window (PSW).

Roles and Responsibilities

Program Design
  • Contribute to the design and operationalization of FOF and proposed CCW sub-windows (CCW-IDA20, CCW-IDA21 and CCW-FCS) and any subsequent sub-windows, in line with expected timelines and strategic priorities outlined by IFC management and the Board and potential donors to the FOF. Coordinate with key internal stakeholders including CRM (Corporate Risk), CIR (Investment & Credit Risk), CTC (Treasury Client Solutions), CLED (Legal), CNT (Accounting & Controls), CPM (Corporate Portfolio), CSM (Strategy & Operations) and CIT (Information & Technology) to ensure that eligible CCW and FOF products /solutions are robust and in line with IFC processes, procedures and systems, given that these are pioneering BF facilities using IFC's own ring-fenced capital.
Program Delivery
  • Contribute to BF pipeline development for CCW, FOF and IDA-PSW by working closely with IFC's Regional and Industry teams as well as the World Bank/IDA/MIGA teams. Identify, evaluate and structure projects that meet the eligibility criteria and priorities of each of these facilities, such as concentration risks, country caps.
  • Be the BF officer for various CCW, FOF and IDA PSW projects from BFC endorsement to BFC approval, Board approval, commitment and disbursement.
  • Work closely with the Program Manager to closely monitor deployment and utilization of each facility, actively managing headroom both at the PSW product levels (BFF, LCF, RMF) and aggregate level which will lead to a diversified portfolio that avoids underutilization of available funds or sudden shortfalls in funding v/s pipeline. This would also apply to FOF for high development impact climate projects across different sub-sectors, technologies and countries.
Program Management
  • Work closely with IFC Industry, Regional, Legal and CSO teams for BF portfolio supervision of various CCW, FOF and PSW projects including portfolio actions such as subsequent disbursements, waivers, restructuring, write-offs etc.
  • Contribute to knowledge management activities for CCW, FOF and PSW including proactively creating and regularly disseminating
  • internally and externally as appropriate
  • case studies and other materials on emerging lessons with respect to the design, operationalization, structuring & usage of concessional finance under CCW, FOF and PSW.
  • Work closely with the BF Portfolio team as well as IDA's DFI team (where relevant) on the preparation and presentation of periodic reports on CCW, FOF and IDA PSW to IFC & IDA Management, IFC Board and IDA Deputies as well as to FOF external donors.
Selection Criteria
  • MBA or Master's degree, specialization in finance/investment strongly preferred.
  • 8+ years relevant experience in working on cross-border emerging market investments with a track-record of structuring / executing investment transactions.
  • Solid understanding of IFC investment practices with knowledge of current issues, challenges and opportunities in implementing BF co-investments.
  • High level of familiarity with application of the DFI Enhanced Blended Finance Principles to BF co-investments alongside investment on commercial terms from DFIs.
  • Experience with IFC's investment and portfolio management processes, IFC's loan and investment documentation, accounting and financial statement analysis is preferred.
  • Strong knowledge of IFC products, operations and IFC's loan pricing model, preferably also, its approach to blending concessional finance alongside IFC's investments for its own account.
  • Experience of dealing with donors and/or in managing a donor funded facility/ Trust Fund is a plus.
  • Ability to grasp details, problem solve, identify key issues for action and manage/incorporate stakeholder interests, and explain issues clearly and confidently.
  • Clarity in the presentation and delivery of information, ability to manage and complete multiple projects simultaneously and to meet deadlines under pressure, with minimal supervision.
  • Excellent written and verbal communication skills in English. Fluency in other languages, such as French, Portuguese would be a plus.
  • Experience in low-income countries or frontier markets and/or significant experience developing frontier market projects is a plus.

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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Sector: Nonprofit/Community/Social Services/International Cooperation
Role: Other
Working hours (%): 80-100% / 100%

Job type: Staff (Permanent and Fixed Term)

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