Job Title: Financial Officer
Hiring Organization: World
Bank Group
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Banking
Job Type: Full
Time
Salary: KES
Date Posted: 04/26/2024
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. In fiscal year 2023, IFC committed a record US$ 43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org
IFC’s Treasury Client Solutions Department is a client-facing
transaction-structuring and execution team that provides IFC’s clients with
innovative fixed-income solutions. The group has global responsibility for
derivative transactions, structured products, local currency solutions, and
debt capital markets solutions.
The department is looking to appoint an skilled finance
professional to join the EMEA team, covering markets in Africa, Middle East,
Europe and Central Asia. The individual would co-lead IFC’s fixed-income
business delivery for complex projects and programs in the area of structured
finance, debt capital markets, and local currency financing, and assume shared
responsibility for building business growth. The position is currently based in
Nairobi, Kenya.
Duties and Accountabilities:
- Develop,
structure, price and execute fixed income transactions for IFC’s clients
involving structured products, capital markets instruments, local currency
financing, and fixed-income derivatives;
- Co-lead complex
client projects and programs for selected products and markets;
- Help expand
IFC’s range of suitable solutions, including innovative structured
products and local currency financing, in frontier markets;
- Identify
business opportunities and contribute to business development and
innovation together with relevant teams (including investment departments,
credit, legal, blended finance, upstream, and other relevant functions);
- Build and
maintain relationships with key stakeholders including regulators,
government entities, investors, global and regional bank counterparts, and
capital market firms;
- Provide product
expertise, advice and training, and help others learn and deliver;
- Co-lead relevant
initiatives and contribute to the development of relevant policies,
frameworks, processes and methodologies, and inform corporate
decision-making within areas of responsibility;
- Assume
responsibility for business delivery, managing risks, and ensuring that
outcomes are aligned with IFC‘s strategy; and
- Represent the
department in relevant internal and external working groups and
conferences.
Key Requirements
- MBA or Master’s
degree in Finance, Financial Engineering, Economics, Financial
Mathematics, Statistics or related area;
- At least 7 years
of relevant work experience in fixed income with a focus on emerging
markets, including recent market experience in structured finance and/or
debt capital markets transaction execution;
- Deep theoretical
and practical understanding of fixed income derivatives including relevant
regulations, and experience with structured products (e.g.
securitizations, capital relief, portfolio guarantees etc.);
- Well-rounded
business judgment, strong negotiation, structuring, and problem-solving
skills, and solid track record in closing structured finance and other
fixed income transactions;
- Proven ability
to provide technical leadership to cross-functional teams;
- Highly
motivated, results-oriented team player with an enthusiasm to work on
complex products, a “can do” attitude and ability to collaborate
effectively across organizational boundaries;
- Proven ability
to foster open discussions across boundaries, encouraging a learning
culture and provide a safe environment for the exchange of ideas;
- Excellent
written and verbal communication skills and strong ability to describe
complex concepts, approaches, and lessons learned in a manner that is
relevant and understandable for clients and stakeholders; and
- Flexibility and
willingness to work in different time zones as required in a global team.