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. 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 Infrastructure Department provides investment and advisory services for private sector and municipal clients across energy, mining, transport, utilities, and telecom/media/technology sectors, and further mobilizes private sector capital from institutional investors and other financial institutions. In the last decade, IFC invested over US$64 billion in infrastructure and energy in emerging markets.
The Climate and Sustainability team within IFC Global Infrastructure supports the continued expansion, growth, and development of IFC’s Climate and Sustainability offering, among other responsibilities. The team works closely with IFC’s client relationship managers, regional and global investment teams, climate business department, advisory services, development impact experts, and communications to design and help execute products and services that address our clients’ needs and help IFC deliver on its mission. Since 2020, IFC has been involved in major sustainable finance transactions, including sustainability-linked loans and bonds for its infrastructure clients in emerging markets. Sustainable Finance is a key tool for IFC to meet its ambitious Climate Finance and development targets.
In this context, IFC Infrastructure is seeking to recruit an Extended-Term Consultant based in Paris, France, to support the team’s objectives. The candidate will report to the Sustainable Finance Lead, IFC Infrastructure, and work in close collaboration with global and regional climate/Sustainable Finance anchors and investment officers in the regions.
Main duties and responsibilities:
Extended Term Consultant will be a core member of the IFC Infrastructure Department Climate and Sustainability team.
The role and responsibilities of the position will, as part of the team, include (but not be limited to) the following:
• Proactively learn about climate, sustainable, and transition finance investments and stay current on key climate and sustainable finance trends and innovations across Infra sub-sectors (energy, mining, transport, waste & water, cities, TMT) by actively participating in internal knowledge and business development sessions.
• Support investment and advisory project teams within IFC Infrastructure on Sustainable and Transition Finance, Climate, and Paris Alignment-related issues, as required (financial modeling and analytical support, talking points, climate, and ESG data collection, etc.).
• Support client relationship managers in creating compelling pitches to enhance clients’ sustainability strategies and implement specific sustainability-focused programs or projects. Contribute to promoting climate business (Renewable Energy, Electric Vehicles, Electric Equipment, Water Treatment and Savings, Energy Efficiency/Green Buildings, etc.) and market innovations (Green/Blue Financing, Sustainability-Linked Financing, Biodiversity finance, etc.), as well as other sustainability priorities (such as social and gender) within IFC Infrastructure.
• Contribute to regular updates of intranet pages, marketing brochures, newsletters, market trends reports, and generic pitch materials for the Infrastructure department’s Climate and Sustainable Finance teams.
• Produce monthly pipeline updates and reports for Climate Finance and Sustainable Finance transactions, as well as other reports, presentation materials, briefings, and other deliverables as required, in coordination with relevant colleagues within the IFC Infrastructure and with other functions (IFC Climate Business Department, Sustainable Infrastructure Advisory, etc).
• Support the team in organizing knowledge management and training events on climate and sustainable finance-related issues, in coordination with IFC Infrastructure’s Knowledge Management team.
• Support the Sustainable Finance team, client relations managers, and in organizing external sustainability-related external events.
Selection Criteria
• 1-3 years of experience with an investment bank, consulting firm, or international financial institution, preferably with experience related to climate/sustainability and/or infrastructure financing
• Keen interest in the climate and sustainability agenda
• Excellent oral and written communication skills, in particular, the ability to effectively dialogue with and relate to clients and stakeholders,
• Ability to work effectively with colleagues in a multicultural team environment, and to work on multiple projects across a given time in a global setting across a wide range of time zones;
• A high level of proficiency with MS Office Word, Excel, and PowerPoint is essential, and familiarity with Bloomberg NEF or other ESG databases is a plus
• High level of energy, initiative, and flexibility in quickly adjusting to changing work project requirements
• Fluency in English is essential. One must be able to write and communicate in English at the full professional proficiency level. The ability to work in Spanish or Portuguese is a plus
• Highly motivated
• Fully committed to the highest ethical standards.
World Bank Group Core Competencies
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