World Bank Group
Senior Upstream Officer – Urban Infrastructure
Job #: |
req10590 |
Organization: |
IFC |
Sector: |
Upstream |
Grade: |
GG |
Term Duration: |
3 years 0 months |
Recruitment Type: |
Local Recruitment |
Location: |
New Delhi,India |
Required Language(s): |
English |
Preferred Language(s): |
|
Closing Date: |
1/30/2021 (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. In fiscal year 2020, we invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. While IFC continues to expand its traditional
roles of advisory services and investment operations, IFC has embarked on an
ambitious new growth strategy (IFC 3.0) to stimulate more investment
activity. This strategy calls for generating our own opportunities by
proactively working “Upstream” (i.e. prior to and/ or in anticipation of a
project or investment), to create, deepen, and expand markets and to imagine,
design, unblock and implement investment projects. It requires taking a
systematic approach to understanding the regulatory and sector bottlenecks
that prevent the flow of private capital into productive investment in our
member countries, as well as addressing these bottlenecks through World Bank Group
engagement on policy reforms and programmatic interventions at the country
and sector level. It also requires capacity to leverage WBG programs and
projects to develop our own proactive sector interventions and to imagine and
design projects even in the absence of reforms. The Infrastructure and Natural Resources (INR)
business line provides financing solutions to clients focused on the power,
transport, telecoms and municipal and environmental infrastructure sectors. A
strategic focus for the INR department in Asia Pacific is to ramp up
activities in the cities space (municipal lending, waste, water and urban
infrastructure). Cities are large contributors to economic development and
quality of life. IFC is looking to support this municipal infrastructure
development, engaging upstream with strong private, and subnational partners
to support the development, financing and implementation of pipeline of
bankable, impactful and sustainable deals. Through IFC’s Cites Practice, IFC
draws on its global network, mobilizes commercial financing for priority
projects, connects cities with capital markets and helps diversify their
investor base. This is done through an integrated approach, combining
advisory and investment work. The Cities team’s mandate covers all urban
infrastructure and services, either through direct financing to cities or
subnational, financing to private sector or – working jointly with our PPP
team, PPP solutions. To support the growth of its Cities business, IFC
is seeking a Senior Operations Officer for its Cities team, with expertise in
urban financing, urban infrastructure or services sector. The selected
candidate will focus on supporting the development of high-quality
Upstream pipeline for subnational governments, primarily in India, under the
supervision of the Regional Cities Lead. S/he will also support policy work
and other interventions across the World Bank Group to prioritize various
initiatives and to maximize the impact of Upstream efforts. Role
& Responsibilities: The roles and responsibilities of the position
will include but not be limited to: Task 1. Subnational infrastructure investment opportunities identification – with a primary focus on IndiaWith an emphasis on creating investment
opportunities for IFC, lead the identification, prioritization and assessment
of Upstream opportunities that emerge from country and sector strategies and
market intelligence work and business development work. This includes: • Building and maintaining strong relationships
with potential clients and other stakeholders, including government bodies,
professional service providers, IFIs and other institutions • Coordinating and working jointly with the Cities
lead, investment teams and relevant in-house specialists. • Mapping and tracking municipal and subnational
infrastructure characteristics across region including legal, regulatory,
political and economic considerations. • Work with the World Bank to analyze sector and
regulatory reforms that are needed to unlock opportunities for private
investment. • Prioritizing potential and credible IFC partners
using pre-defined screening criteria, e.g. creditworthiness, integrity due
diligence, etc. in the urban infrastructure and services space. • Undertaking initial diagnostics of client
capacities and needs, helping identify and developing integrated investment
and advisory solutions. • Identifying and lead interaction with key
industry partners • Models that can bring solutions to emerging
markets. • Lead in sector-specific data analysis and
stress-testing of various operating models, spot game-changing trends,
technologies and business to help generate ideas for new projects, new
products and platform businesses. • Interact with thought leaders and decision
makers across the World Bank Group and externally to foster innovative
thinking about overcoming regulatory and sector constraints. Task 2: Execution of upstream engagements • Lead the conceptualization, development, timely
and high quality delivery and supervision of Upstream/advisory projects in
the Cities space (with a focus on subnational governments in India), with the
goal to generate, improve and enable IFC investments. This includes for
example: sector diagnostics, feasibility studies, scoping and evaluation of
business models, capacity building programs. This requires coordinating with
various stakeholders, both inside and outside the IFC. • Lead the design and implementation of scalable
solutions and platforms/programs that can help generate multiple investment
opportunities similar to “Scaling Solar” (https://www.scalingsolar.org/) and
that can be replicated across markets. Task 3: Reporting & Portfolio monitoring: • Produce regular reports on the assigned
activities, including pipeline reports, status updates, and progress reports
monitoring execution performance against project milestones and KPIs. • Oversee monitoring and evaluation of projects,
ensuring results are properly tracked and supporting materials properly
filed; ensure compliance with eventual IEG evaluations. • Support the regional cities leads in the
development of a fundraising strategy and donor outreach. Support the
development of bi-annual donor and project supervision reports for the Global
Platform and support drafting and provide inputs into the bi-annual project
supervision reports for projects; ensure compliance with donor and IFC
portfolio reporting requirements and consistency in reporting, including
AIMM. This also includes work with the Blended Finance team, Climate
Investment Funds and other multi-donor trust funds to identify and secure
funds for advisory and investment projects. Task 4: Knowledge sharing, Team &
communications • Lead or oversee the preparation of specific
knowledge products for internal and external audiences as requested,
including strategic research, pitch books and proposals for both advisory and
investment clients, case studies, smart lessons etc. • Work with internal & external communication
experts to strengthen cities, communication material and develop effective
delivery models, including working with third party providers. • Speak and represent IFC at external events. • Active team player, mentor to junior staff. Selection Criteria • Master's degree or equivalent professional
qualification in Business, Finance, Law, Economics, International Relations,
Science, Engineering, or other relevant field. • At least 10 years of relevant experience in
project and/or program design and management, producing feasibility studies,
policy advice, hands-on advisory and/or consulting functions. At least 3
years of which should be related to developing countries (India
preferred). • Demonstrated understanding of urban
infrastructure financing and municipal financing including PPP in one or more
developing countries, including a working knowledge of key policy, legal and
regulatory issues relevant to the scale up of private sector engagement in
the urban sectors in developing countries. Demonstrated experience on these
topics in India is preferred. • Demonstrated ability to engage and build strong
and fruitful relationships with subnational and national governments, private
sector clients, and other stakeholders to encourage pioneering business and
market development • Strong drive and capacity to innovate and
challenge the status quo to drive new idea generation, business development,
and the creation of projects/programs. • Experience in managing (including executing
against implementation plans with defined business development milestones),
monitoring and reporting on a portfolio of projects/programs/initiatives and
liaising with donors. • Genuine commitment to development and to the
World Bank Group and IFC's mission, strategy and values. Understanding of
IFC’s strategic priorities and changing business model to engage earlier in
the project development cycle. • Outstanding analytical and critical thinking
skills. • Strong written and verbal communications skills
in English. Hindi language skills is a plus. |
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