Opportunity

Regional Vice President - Europe and Latin America

International Finance Corporation (IFC) Washington, DC, United States

About International Finance Corporation (IFC)

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 has embarked on an ambitious new growth strategy, the outcome of which will be to double our volume of business by 2030 and triple the work we do in Low Income Countries (LICs) and Fragile ad Conflict affected States (FCS). To do so, IFC will need to deploy its full range of financing, mobilization, advisory, convening and thought leadership skills. This also calls for the need to generate our own opportunities by proactively working “Upstream” to create, deepen, and expand markets and opportunities for the private sector and to imagine, design and implement investment projects. This strategy also relies on a closer WBG collaboration through the “Cascade” approach: 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.

You can find further details on their website https://www.ifc.org/.

SRI Executive has been entrusted by our client, International Finance Corporation (IFC), to support the executive search of an exceptional leader for the position of Regional Vice President, Europe and Latin America.

Role Purpose

The new Vice President for Europe and Latin America will lead a team of 500 people split between Washington, DC and the two regions and will manage an existing portfolio of US13 billion across 63 countries. In addition to meeting investment and financial targets, the regional Vice President will be accountable for the development and financial outcomes of the Upstream, investment and advisory operations in his/her region. S/he will also oversee the deployment of the resources for the region in accordance with both IFC corporate strategy and regional/country strategies. The Vice President will be a member of the Operations Leadership team and will report to the Senior Vice President, Operations.

Duties and Responsibilities

The Regional Vice President will have the following key responsibilities:

  •  Lead Upstream, investment and advisory activities, taking responsibility for setting strategies, client mapping, business development, origination, and execution of private sector engagements across functions, sectors, products, and initiatives.
  • Assume P&L responsibility for all clients in the regions and accountability for business plan implementation, including achievement of development goals, investment targets and portfolio quality.
  • Foster strong relationships with WBG counterparts – in particular WB Regional Vice Presidents covering Europe and Lain America – to identify collaboration opportunities, implement the Cascade, enhance client and business delivery and ensure that the WBG country strategies are aligned and reinforce IFC objectives in countries.
  • In close collaboration with WBG counterparts, engage in policy dialogue with the authorities in the countries of operations and maintain/develop the relationship with the political and business communities at the highest level.
  • Manage client relationships and develop client strategies, in partnership with the Regional Directors, Country Managers and Regional Industry/Advisory/Upstream Managers.
  • Build and foster strong relationships with DFIs, co-financiers, donors, and other private and public institutions in the regions.
  • Represent the organization in high level internal and external events and develop IFC’s “brand” in the regions, building on IFC’s global brand and overall communications plan.
  • Attract resources, both financial and talent, to implement the business plan and achieve the business objectives.
  • Work closely with the Vice President of Risk and Financial Sustainability to ensure that business delivery is in line with the Corporation’s risk framework.
  • Work together with the Vice president of Legal and the Senior Director for E&S Compliance Risk to ensure that activities address all environmental, social and governance considerations.
  • Work together with the Vice President of Economics and Private Sector Development to ensure that projects are not only commercially sound but are appropriate in relation to the Corporation’s development mandate and within its results framework and country Private Sector Diagnostics and strategies.
  • Work together with the Vice President of Treasury & Syndications to mobilize private sector finance in alignment with the new strategy and the increased requirements to meet the Billions-to-Trillions objectives.
  • Coordinate with and leverage IFC’s Asset Management Vice President for Equity investments.
  • Disseminate lessons of experience in the regions and contribute to IFC’s global knowledge bank.
  • Promote continuous learning and catalyze new ideas, business models, partnerships and innovation in IFC’s response to client, country and global development challenges. Interact with the members of IFC’s Board and actively participate in the Board Meetings, as well as chairing technical briefings and other workshops.
  • Provide overall leadership and people management, including hiring and developing diverse talent to achieve business objectives.
  • Manage overall budget for the regions with a goal to increasing efficiency and effectiveness.

Education, Qualifications & Experience

In addition to the WBG managerial selection criteria, the following qualifications are sought:

  • A PhD or Master’s degree (or equivalent professional qualification) and a minimum of 15 to 20 years of relevant experience.
  • Unquestionable integrity and work ethics, commitment to development and a proven track record showing alignment with the World Bank Group and IFC’s mission, strategy and values.
  • Results oriented, strong track record of business delivery, demonstrated investment experience, superior business judgment and established professional credibility.
  • Strong understanding of the Upstream, investment and advisory businesses.
  • Demonstrated ability to lead effectively and manage a large and dispersed team in a dynamic and multicultural environment and attract high caliber people and nurture their development.
  • Demonstrated ability to think strategically, prioritize effectively, mobilize resources and deploy them flexibly, ability to translate board strategies into specific objectives and action plans and align the organization to support strategic priorities and ability to set strategic direction and ensure implementation.
  • Ability and willingness to make decisions, take accountability and hold others accountable for results; strong track record of producing quality results in an environment of teamwork and accountability.
  • Ability to work collaboratively in a matrixed and highly complex organization and situations across World Bank areas of focus (i.e., Financial Institutions, Infrastructure and Natural Resources, Upstream, Disruptive Technologies, Funds, Climate and Manufacturing, Agribusiness and Services), with superior influencing and interpersonal skills.
  • Capacity to build strong client relationships that lead to results oriented and development focused partnerships.
  • Interest in and ability to drive innovation and change, and to bring together groups that are used to working autonomously to solve problems and make decisions.
  • Ability to cultivate an active network of relationships inside and outside the organization.
  • Excellent written and oral communication skills to represent publicly the IFC and World Bank Group’s viewpoint in global forums and settings. Spanish language is a plus.
  • World Bank experience or experience at another multilateral development bank is a plus.
  • World Bank Group-wide managerial selection criteria include: (i) Courage of your convictions; (ii) leading the team for impact; (iii) influencing across boundaries; (iv) fostering openness to new ideas; and (v) building talent for the future.

Terms of Appointment

This is a four-year fixed term assignment. The salary for the position is at the GJ level of the WBG salary scale. Further details can be provided.

Location: Washington, DC

How to Apply:

If you wish to be considered for this position, please forward a copy of your CV in Microsoft Word format, along with any relevant documentation to Ms. Apoorva Tyagi at [email protected]. All information will be treated in the strictest confidence as we pride ourselves on our professional service. We will revert to you as soon as possible when we have reviewed your application.

 

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