(Chief) Principal Investment Officer, Global Energy Job #: req32561 Organization: IFC Sector: Investment Grade: GH Term Duration: 3 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 4/14/2025 (MM/DD/YYYY) at 11:59pm UTC
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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.
The Global Energy (CEMEN) unit, in collaboration with the regional industry groups, is responsible for IFC's energy business, including power generation, transmission and distribution, and innovative energy technologies such as battery storage and green hydrogen. CEMEN is looking to recruit a Chief/Principal Investment Officer (CIO/PIO) to lead on CEMEN’s priorities related to sector strategy and expertise, knowledge creation and sharing, innovation, deal structuring guidance, and global client relationship and business development.
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
Responsibilities include, but are not limited to:
• Lead specialized power sub-sectors (e.g., Wind, Hydro, etc.) as Cluster Lead.
• Drive strategic initiatives based on sector trends and IFC priorities (e.g., Mission 300, a WBG effort to connect 300 million Africans to electricity by 2030). Such a role requires expertise in power sector investments and ability to guide cross-functional teams toward strategic objectives.
• Be one of the focal investment specialists supporting senior management and investment teams globally in business development, project structuring and execution as well as the approval process.
• Lead strategic development and implementation of IFC's value proposition across specialized power sub-sectors, defining competitive advantages and market opportunities.
• Be the client relationship manager for select global energy clients to manage and develop client relationships.
• Lead knowledge management initiatives to share best practices across regional infrastructure teams, focusing on business development, market creation, innovation, and risk management strategies.
• Collaborate with senior management, other WBG units, and external stakeholders (e.g., philanthropists and concessional financiers, technical specialists, energy organizations etc.) on energy sector strategies and implementation plans.
• Actively monitor industry and market trends, participate in industry events and build sector relationships globally.
• Lead World Bank Group and IFC participation in events related to the energy (conferences, annual meetings, etc.)
• Mentor and coach staff and help build talent and grow skill base of staff.
Selection Criteria
• Master's degree in finance, economics or similar relevant education;
• 15+ years of relevant experience
• Significant investment and power sector experience, with sub-sector specialization and expertise;
• Proven ability to develop and implement power sector business strategies and knowledge management globally;
• Strong track record in project development, origination, structuring, and portfolio management of power sector transactions in developing countries;
• Familiarity with multiple financial products ranging from project finance, concessional financing to quasi-equity and straight equity;
• Demonstrated ability to innovate and create new opportunities across sub-sectors and financing products;
• Ability to build and maintain strong relationships with clients, government authorities, concessional financiers, industry groups and experts;
• Strong analytical and problem-solving skills and sound business judgment to identify issues and present creative and practical solutions;
• Proven leadership capabilities and ability to take initiatives and drive change;
• Capacity to deal with conflicting priorities and deliver high quality work on schedule; ability to work successfully in multicultural teams and across boundaries;
• Highly motivated and proactive, committed to highest ethical standards;
• Interest in the World Bank Group and IFC’s mission, strategy and values;
• Fluent in English; other languages are 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.
This vacancy is archived.