What are the responsibilities and job description for the (Senior) Financial Officer - Structured Finance - req31228 position at IFC - International Finance Corporation?
(Senior) Financial Officer - Structured Finance
Job #: req31228
Organization: IFC
Sector: Financial Sector
Grade: GG
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment
Location: Washington, DC,United States
Required Language(s): English
Preferred Language(s): Spanish, Portuguese
Closing Date: 1/29/2025 (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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.
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 finance products, local currency solutions, and debt capital markets solutions.
The department is looking to appoint a skilled and well-versed finance professional with experience in structured credit to join the LAC team, covering markets in Latin America and the Caribbean. The individual would focus on structuring and risk assessment for IFC’s structured finance investments (including true sale and synthetic securitizations, ABS, CLOs, covered bonds, portfolio guarantees, structured debt funds etc.) and contribute to further enhancing the department’s analytical approach for these products. The individual would also contribute to IFC’s debt capital markets and local currency financing transactions and assume shared responsibility for building business growth in the LAC region.
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.
Note: If the selected candidate is a current World Bank Group Staff Member with a Regular or Open-Ended appointment, they will retain their Regular or Open-Ended appointment. If the selected candidate is a current World Bank Group Staff Member with a Term appointment that expires later than the end date of this appointment, s/he will retain the duration of his/her current Term appointment.
Duties And Accountabilities
Selection Criteria
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.
Job #: req31228
Organization: IFC
Sector: Financial Sector
Grade: GG
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment
Location: Washington, DC,United States
Required Language(s): English
Preferred Language(s): Spanish, Portuguese
Closing Date: 1/29/2025 (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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.
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 finance products, local currency solutions, and debt capital markets solutions.
The department is looking to appoint a skilled and well-versed finance professional with experience in structured credit to join the LAC team, covering markets in Latin America and the Caribbean. The individual would focus on structuring and risk assessment for IFC’s structured finance investments (including true sale and synthetic securitizations, ABS, CLOs, covered bonds, portfolio guarantees, structured debt funds etc.) and contribute to further enhancing the department’s analytical approach for these products. The individual would also contribute to IFC’s debt capital markets and local currency financing transactions and assume shared responsibility for building business growth in the LAC region.
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.
Note: If the selected candidate is a current World Bank Group Staff Member with a Regular or Open-Ended appointment, they will retain their Regular or Open-Ended appointment. If the selected candidate is a current World Bank Group Staff Member with a Term appointment that expires later than the end date of this appointment, s/he will retain the duration of his/her current Term appointment.
Duties And Accountabilities
- Lead structuring, pricing and execution of fixed income transactions for IFC’s clients primarily involving structured finance products (including cash and synthetic securitization/significant risk transfer transactions), future flow securitizations, covered bonds, and portfolio guarantees) and capital markets instruments with potential additional focus on local currency financing and fixed-income derivatives;
- Contribute to expanding IFC’s range of suitable solutions, including innovative structured finance products and capital market products, 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 work and initiatives on relevant policies, frameworks, processes and methodologies, and inform corporate decision-making within areas of responsibility;
- Take full accountability for business delivery, managing risks, and ensuring that outcomes are aligned with IFC‘s strategy; and
Selection Criteria
- MBA or Master’s degree in Finance, Financial Engineering, Economics, Financial Mathematics, Statistics or related area;
- At least 8 to 12 years of relevant work experience in fixed income with a focus on analyzing, structuring and executing structured finance (e.g. cash and synthetic Securitizations, significant risk transfer transactions, future flow transactions, risk sharing facilities, guarantee transactions and debt capital markets transaction execution), ideally including exposure to emerging markets.
- Deep theoretical and practical understanding of quantitative and analytical methodologies (including rating agency approaches) to analyze and price the above structured finance products.
- Well-rounded business judgment, strong negotiation, structuring, and problem-solving skills.
- Strong track record in closing structured finance as well as fixed income transactions in emerging markets preferred
- Demonstrated well-rounded business judgment, strong negotiation, structuring, and problem-solving skills, and solid track record in transaction execution;
- Proven ability to co-lead cross-functional technical teams;
- Highly motivated, results-oriented team player with an enthusiasm to work on complex products and learn new skills on the job, 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.
- Spanish language skills preferred but not mandatory
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.
