Background / General description: |
The World Bank Group (WBG) is one of the world’s largest sources of funding and knowledge for developing countries. It uses financial resources and extensive experience to help countries reduce poverty, increase economic growth, and improve quality of life. The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it is needed most. In FY16, our long-term investments in developing countries rose to nearly US$19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity.IFC recently launched an ambitious evolution of its strategy to stimulate more investment activity by Creating Markets, especially in Low Income Countries (LICs) and Fragile and Conflict Situations (FCS). This new strategy requires a shift in our approach to proactively create, deepen and expand markets and projects rather than waiting for clients to propose projects for IFC to finance. This strategy also relies on closer WBG collaboration to maximize finance for development. We call this approach the “Cascade.” 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.As we move forward to implement the strategy we are seeking to recruit a Regional Director for West and Central Africa. The Regional Director will oversee regional operations for the sub-region, coordinating, integrating, and managing the day-to-day operations. The position will report to the Vice President, Middle East and Africa.The individual will play a crucial role by leading the Regional Team, overseeing the implementation of IFC strategy, and managing key client and government relationships. He/she will be an integral part of the leadership team of the department. 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: |
Business Responsibility · Together with the Economics VPU, leads IFC inputs in the development of Private Sector Diagnostics and private sector engagements as part of Country Partnership Frameworks (CPF) and Strategic Country Diagnostics (SCD);
· Leads business development, including relationships with private sector clients, governments, World Bank / MIGA and relevant regional development banks for the West and Central Africa sub-region;
· Together with Global Industry Directors, is responsible for business selection and reviews, as per the Accountability and Decision Framework
· Leads pipeline and origination for West and Central Africa sub-region, including responsibility for clearing client relationships from the IDD perspective;
· In close collaboration with the Global Industry Directors and Regional Heads of Industry, develops and implements the strategy for IFC’s investment services (IS) and advisory services (AS) business for the region, with a focus on frontier areas and high impact projects;
· Delivers Advisory Services for the West and Central Africa sub-region;
· Accountable for achieving development outcomes in the West and Central Africa sub-region, in close collaboration with Regional Heads of Industry;Client and stakeholder responsibility and partnership
· Directly manages government and government linked relationships as well as regional private sector client relationships;
· Jointly with Global Industry Directors and Regional Heads of Industry, collaborates with WBG counterparts to identify and execute on opportunities for WBG solutions, including the Cascade;
· Represents IFC in the WBG Regional Coordination Mechanism (RCM) meetings and ensures a seamless flow of information and knowledge sharing;
· Ensures close collaboration with IBRD, MIGA and AMC teams as well as other DFIs in the sub-region;
· Under the leadership of the Regional Vice President, develops and strengthens IFC’s “brand” in the Region, building on IFC’s global brand and the overall communications strategy and coordinates and supports external fundraising efforts in the region.Resource responsibility
· Develops the resource needs with a focus on frontier areas and high impact projects;
· Directs the Regional Head of Operation (RHO) supporting the SSA region and the Regional/Country Managers and ensures appropriate resource prioritization and allocation;
· Manages budget for the regional department with a goal to increase efficiency and effectiveness. |
Selection Criteria: |
· A Master’s degree or equivalent professional qualification in finance or business and a minimum of 20 years of relevant work;
· Strong technical understanding of the investment and advisory businesses, including client relationship management, business development, and pipeline management, in the context of regional priorities and opportunities
· Strong track record of business delivery, demonstrated investment experience, superior business judgment and established professional credibility;
· Excellent written and verbal communication skills and fluency in both French and English;
· Highly committed to the World Bank Group’s and to IFC’s mission, strategy and values;
· Demonstrated ability to think strategically, prioritize effectively, set direction, mobilize resources and deploy them flexibly;
· Ability to work collaboratively with superior influencing and interpersonal skills;
· Ability to represent the organization to external clients and stakeholders;
· Demonstrated ability to lead effectively and manage a large and dispersed team in a dynamic and multicultural environment;
· Excellent people management skills and openness to feedback; new ideas and ability to guide staff to solutions to problems;
· Demonstrated highest standards of integrity and decisiveness;
· Ability and willingness to take decisions and deal with ambiguity. Takes accountability and holds others accountable for results;
· Ability to deliver results under stressful timetables and environment;
· Ability to build organization capacity through system and process improvements; be a change agent and serve as catalyst for innovation;
· Meet World Bank Group-wide managerial competencies – Courage of your Conviction, Leading the Team for Impact, Influencing Across Boundaries, Fostering Openness to New Ideas, Building Talent for the Future |
More Information
- Job City Dakar