Manager/Senior Manager, Municipal & Environmental Infrastructure

International Finance Corporation (IFC)

Washington, DC, United States 🇺🇸

BACKGROUND / GENERAL DESCRIPTION:
Established in 1944, the World Bank Group (WBG) is one of the world’s largest sources of funding and knowledge for development solutions. The WBG consists of five specialized institutions: The International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID).The International Finance Corporation (IFC) is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, the Corporation uses six decades of experience to create opportunities where they are needed most. Private sector financial development is essential to the promotion of successful and sustainable economies in low and middle income countries around the world. Sound and efficient financial markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth.IFC recently launched an ambitious evolution of its strategy to stimulate more investment activity, especially in Low Income Countries (LICs) and Fragile and Conflict affected States (FCS). This new strategy aims at supporting clients in riskier markets by proactively working in these countries to create, deepen, and expand the markets themselves. This strategy relies on a new approach that calls for closer WBG collaboration to maximize finance for development. We call this approach the “Cascade.” Working with clients, we will first 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.Municipal & Environmental Infrastructure is a strategic growth area for IFC. In this context, the Global Infrastructure and Natural Resources Department in IFC, is seeking a Manager/Senior Manger for its global Municipal & Environmental practice. The manager will provide leadership for IFC’s investment services in municipal and environmental infrastructure, including municipal finance, municipal and industrial water, sanitation, district heating/cooling, and solid waste. He/she will also lead IFC’s global Cities Initiative, cooperating with other industry and product groups in IFC and the World Bank Group to advance the broader, cross-sectoral, cross-product, and cross-functional agenda of sustainable and competitive cities.

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:
Business Accountabilities: 
  • Manage a team of senior investment officers and specialists. The team’s role is to: (i) incubate and grow new business lines/models and/or advance more mainstream business by transferring lessons of experience across regions; (ii) provide global sector insight through thought pieces, development of underwriting criteria which help in streamlining decision-making, knowledge talks, case studies, etc.; (iii) manage relationships with global/multiregional clients; (iv) ensure a broad consistency of approach in structuring transactions; (v) provide global sector portfolio oversight and analytics; and (vi) as needed, support business development, processing, and portfolio teams.

  • Lead the formulation, monitoring and updating of IFC’s broad strategy for overall municipal & environmental infrastructure business, working with the regions and in close coordination with IFC’s advisory and the World Bank, and provide input for deeper sectoral sub-themes in the regional/country strategies.

  • As a member of the management team of the Global Infrastructure and Natural Resources group, contribute to and take collective responsibility for the group’s overall performance and results.

  • Provide overall leadership and strategic oversight to the IFC Cities Practice.

  • Serve as IFC’s spokesperson in the urban development space and related municipal & environmental infrastructure fora; coordinate overall messaging to ensure visibility and consistency in IFC branding through publications, interviews, op-eds, speaking engagements etc. Resource Management Accountabilities:

  • Recruit, lead, manage and mentor staff in the global industry team, and support regional industry managers in on-boarding and building the capacity of staff who focus on municipal and environmental infrastructure in the regional industry groups.

  • Manage cross-unit global Cities Practice.

  • Ensure best expertise is available for deals/country, facilitate IOs having true global careers, and provide critical “flow” capacity for Regional Heads of Industry that have resource/skill gaps. Relationship Management:

  • Develop and maintain relationships with strategic clients and with stakeholders in the industry such as industry associations, DFIs, civil society organizations, and the World Bank.

  • Collaborate closely with other IFC groups (regions, advisory, E&S, credit, etc.) to lead strategic business growth and to identify and manage risks.

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SELECTION CRITERIA:
  • MBA or equivalent qualification and a minimum of 10 years relevant work experience.

  • Investment experience in relevant sectors.

  • A track record of incubating and growing new business lines, client relationships, and executing quality investments.

  • Proven focus on sustainability, and a record of best-practice management of environmental, social and governance risks in large / complex projects.

  • Ability to represent IFC externally and to develop and manage relationships at senior levels with clients, government, media, donors, civil society organizations and other stakeholders.

  • Ability to develop innovative solutions and challenge the status quo in order to build the business.

  • Excellent people management skills and openness to feedback; new ideas and ability to guide staff in finding solutions to problems.

  • Recognized as a team player and leader, ability to integrate, manage and resolve conflict, working in a complex matrix and gaining influence without using authority.

  • Strong written and verbal communications skills.

  • Highest standards of ethical integrity, transparency and fairness.

  • Meet Bank Group-wide managerial selection criteria including experience selecting, coaching and appraising staff; planning and managing staff to achieve quality results; encouraging innovation in an open team-based environment; inspiring trust; and work experience in at least two regions. World Bank Group managerial competencies include:

  • Courage of your convictions: demonstrates confidence in convictions and the integrity to express to peers and superiors even if it is easier or more comfortable to refrain from speaking up. Have the confidence, balanced with humility and judgment, to operate with the intent of doing what is right for the WBG and its clients.

  • Leading the team for impact: Focus on the WBG purpose and mission in order to provide on-going clarity and vision to one’s teams. Align capabilities and resources around the WBG mission. Create an energizing and empowering work environment where people are engaged and have the resources necessary to do their jobs, while holding team members accountable for results and improvement.

  • Influencing across boundaries: Persuade, convince and create buy-in for ideas and initiatives in order to advance one’s own goals and strategies, consistent with the WBG mission and vision.

  • Fostering openness to new ideas: Create an open and innovative climate. Be transparent, open to divergent views and encourage these attributes in others. Promote broad thinking and frank discussion, welcome others’ input into the decision-making process, and build on others’ ideas.

  • Building talent for the future: Build people’s capabilities for the future by supporting and leveraging the diversity of staff in terms of their race, gender, nationality, culture, educational and professional backgrounds. Create growth opportunities for others, encourage them to stretch beyond their current experience or comfort zone. Provide ongoing feedback and development, including long term career development and mentoring, as well as hold the team members accountable for developing others. Applications must be submitted online. Only those candidates selected for interviews will be contacted.

POSITION TYPE

ORGANIZATION TYPE

EXPERIENCE-LEVEL

DEGREE REQUIRED