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Company profile
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international finance corporation   

Site: United States of America, District of Columbia, Washington
Website:
Sector: Banking
Company size: 500 employees or more

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries.

We utilize and leverage our products and services—as well as products and services of other institutions in the World Bank Group—to provide development solutions customized to meet clients' needs. We apply our financial resources, technical expertise, global experience, and innovative thinking to help our partners overcome financial, operational, and political challenges.

Clients view IFC as a provider and mobilizer of scarce capital, knowledge, and long-term partnerships that can help address critical constraints in areas such as finance, infrastructure, employee skills, and the regulatory environment.

IFC is also a leading mobilizer of third-party resources for its projects. Our willingness to engage in difficult environments and our leadership in crowding-in private finance enable us to extend our footprint and have a development impact well beyond our direct resources.

For more information, visit www.ifc.org

 

Find in-depth information on careers with IFC and related cinfo's support on cinfo.ch: Visit the organisation's profile

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international finance corporation

IFC Vice President and General Counsel - GJ

United States of America, District of Columbia , Washington

International Finance Corporation (IFC) —a member of the World Bank Group (WBG) — 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 2022, IFC committed a record $32.8 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 unprecedented levels of uncertainty and volatility. For more information, visit www.ifc.orgThe IFC is seeking a new Vice President and General Counsel (the General Counsel) based at IFC's headquarters in Washington, D.C. The General Counsel will report directly to the IFC Managing Director (MD) and will be part of the IFC Management Team. S/he will lead a team of about 190 professionals in the Legal & Compliance Risk Vice Presidency, split between Washington, DC and other IFC offices around the world.The General Counsel will oversee all legal, compliance and business risks functions and services provided to internal and external clients and advising on all key legal and policy issues arising in connection with IFC's business. S/he will serve as the principal legal advisor on IFC legal matters for the IFC Board of Directors, the President of the WBG, the IFC MD and other members of the IFC management team. The General Counsel will oversee IFC's Legal department as well as Business and Compliance Risk department, which handles issues relating to integrity, AML/CTF, data privacy, tax and operational conflicts of interest, among others.  Duties and Accountabilities Legal Services• Lead and coordinate the work of the Legal and Compliance Risk departments to support: −All IFC investment, upstream and advisory services; −Resource mobilization, including syndications and co-financing operations with other lenders/donors/investors; −IFC treasury operations, including borrowing and liquidity management; −IFC cooperation with other international organizations, including other multilateral development banks, international financial institutions, relevant UN agencies, donors and private sector partners.• Enable efficient, effective and practical legal advice and services for all regional, industry, administrative and corporate services units throughout IFC. Management and Policy Support• Advise and, where appropriate, lead in preparing policies that Management presents to the Board for consideration and approval.• Monitor IFC's policies, and their application, and advise on their consistency with recognized legal principles and policies and standards among comparable development finance institutions, supporting the role of IFC as leader among DFIs in priority policy objectives. • Implement relevant IFC policies, directives and processes.Litigation• Oversee litigation strategy and current and future suits brought against IFC and litigation arising from enforcements, restructurings and bankruptcies. • Source and manage IFC's litigation team. • Manage outside litigation counsels. Privileges and Immunities; WB Group-wide Coordination • Serve as a principal liaison on all issues related to IFC's privileges and immunities and critical litigations challenging institutional immunities. • In close coordination with the World Bank and MIGA General Counsels, lead the engagement with other multilateral development banks, international financial institutions and UN agencies on all matters of privileges and immunities. • Work closely with the World Bank Group General Counsel to ensure a consistency of approach to group-wide policies, directives, issues and risks across operations, administration and support functions.Corporate Business Risk Functions• Strengthen IFC's overall approach to and implementation of corporate business risk management and compliance. • Develop and maintain internal compliance standards, policies and procedures, including those relating to conflicts of interest, integrity standards, applicable regulatory standards, and the role of IFC's nominee directors in equity investments. • Establish and monitor standards of ethics and business conduct.• Advise operational departments on client/partner integrity (anti-corruption, anti-money laundering, etc.) and matters related to the use in projects of offshore financial centers (OFCs) and tax practices.  • Oversee IFC relationship with Integrity Vice Presidency (INT), Ethics and Business Conduct Department (EBC) and Group Internal Audit (GIA) of the World Bank Group.Knowledge Management and Partnerships• Plan and oversee the implementation of relevant knowledge-management, knowledge-sharing and thought leadership objectives and strategies and law & policy reform initiatives in areas of expertise within the VPU. • Manage relationships with other DFIs in order to coordinate relevant developments, emerging trends and consistent policies and approaches.People and Resource Management• Work with the team to establish and embed a sense of shared mission and values across the VPU.• Attract resources, both financial and talent, including hiring and developing diverse talent, to achieve the business objectives and core values.• Provide overall leadership and people management, fostering diverse, inclusive, equitable, collegial and results-oriented work environment, consistent with the WBG managerial competencies.• Manage overall budget for the Vice Presidency with a goal to increasing efficiency and effectiveness.    Selection Criteria In addition to the WBG managerial selection criteria*, the following qualifications are sought:• Integrity and values: Unquestionable integrity, alignment with the WBG core values, strong work ethics. Commitment to diversity & inclusion, teamwork, excellence, innovation and accountability. Strong results-orientation.  • Education, experience and expertise: Juris Doctor degree or equivalent and admission to the Bar or equivalent in at least one jurisdiction and a minimum of 15 years of relevant legal experience, including diverse experience across multiple markets in private and public sector, knowledge of international law and experience with international organizations.  Extensive background and experience in project finance or development, and experience with multilateral or development finance institutions as plus.• People leadership skills: Demonstrated ability to lead effectively, manage a large and dispersed team in a dynamic and multicultural environment – at least 8 years of which should be at a senior managerial level – and attract high caliber people and nurture their development; ability and willingness to make decisions, take accountability and hold others accountable for performance and adherence to IFC's and VPU's values.• Collaboration and innovation: Ability to work collaboratively in a matrixed and highly complex organization, with superior influencing and interpersonal skills; ability to cultivate an active network of relationships inside and outside the organization; interest in and ability to drive innovation and change, and to bring together groups that are used to working autonomously to solve problems and make decisions.• Communication skills: Effective and persuasive oral and written communication skills to work successfully with external stakeholders, clients, as well as with WBG senior management and IFC's Board of Directors, and to represent publicly the IFC and WBG's viewpoints in global forums. * WBG-wide managerial selection criteria include - courage of your convictions, leading the team for impact, influencing across boundaries, fostering openness to new ideas, and building talent for the future. World Bank Group Core CompetenciesThe 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 is how cinfo can support you in the application process for this specific position:Before you apply for this position: Improve your application documents by registering for a Job Application Support.When invited to the interview: Prepare for the interview by registering for a Job Application Support. For Swiss nationals who are invited to an interview or assessment center:Please let us know so that we can inform our HR partners from the respective organisation and the Swiss Government: recruitment@cinfo.chBenefit from free interview preparation by registering for a Job Application Support.Interested in a career with multilateral institutions? Read more:  Working with the United NationsWorking with International Financial InstitutionsFor Swiss nationals ______________________________________________________________________ 

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28/07/2022
international finance corporation

IFC Vice President, Risk and Finance - GJ

United States of America, District of Columbia , Washington
Nonprofit/Community/Social Services/International Cooperation
Other

International Finance Corporation (IFC) —a member of the World Bank Group (WBG) — 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 2022, IFC committed a record $32.8 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 unprecedented levels of uncertainty and volatility. For more information, visit www.ifc.orgThe Risk & Finance Vice Presidency Unit (VPU) helps to ensure that IFC is sufficiently capitalized and financially sustainable to grow its operations through prudent risk management at the corporate, portfolio, project, and client levels. It strives to set best practice standards in risk management to drive sustainable private sector development in emerging markets. IFC is seeking to recruit a Vice President to lead the Risk and Finance VPU to be based in Washington, D.C. This key leadership role provides overall direction for IFC's Risk and Finance function and is charged with ensuring that a thorough oversight is maintained over all IFC's activities in a complex, global, and decentralized environment. The Vice President will oversee IFC's Controller, Investment & Credit Risk, Corporate Risk Management, and Special Operations departments, leading a team of approximately 300 people. S/he will report to the IFC Managing Director and will be a member of the IFC Management Team. S/he will also work with other senior leaders across the WBG.  Duties and AccountabilitiesBusiness• Provide leadership for IFC's risk and finance functions, including market, liquidity, funding, credit, and operational risks across the Corporation.• Oversee IFC's Controller's function, including internal controls over financial reporting, to ensure compliance with the Corporation's standards.• Develop and manage IFC's enterprise risk management frameworks and processes.• Guide the development of risk management initiatives.• Work closely with the various Vice Presidents across IFC and WBG to ensure that business delivery is in line with all aspects of the Corporation's risk frameworks. • Promote continuous learning and catalyze new ideas, business models, and innovation in IFC's response to client, country, and global development challenges. • Interact with the members of IFC's Board and actively participate in the Board Meetings, as well as chair technical briefings and other workshops.• As needed, represent IFC in internal and external events and strengthen IFC's global brand. Knowledge Management and Partnerships• Plan and oversee the implementation of relevant knowledge-management, knowledge-sharing and thought leadership objectives and strategies in areas of expertise within the VPU.• Work closely with other VPs to ensure that lessons of experience from IFC operations, including from workout cases, are captured, curated and disseminated across the corporation and contribute to the WBG's global knowledge bank. • Manage relationships with other DFIs in order to coordinate relevant developments, emerging trends and consistent policies and approaches.People and Resource Management• Attract resources, both financial and talent, including hiring and developing diverse talent, to achieve the business objectives.• Provide overall leadership and people management, fostering diverse, equitable and inclusive work environment.• Manage overall budget for the Vice Presidency with a goal to increasing efficiency and effectiveness.   Selection Criteria In addition to the WBG managerial selection criteria*, the following qualifications are sought:• Integrity and values: Unquestionable integrity, alignment with the WBG core values, strong work ethics. Commitment to diversity & inclusion, teamwork, excellence, innovation and accountability. Strong results-orientation.  • Education, experience and expertise: A PhD or Master's degree, a minimum of 20 years of relevant experience, and established professional credibility; demonstrated track record of results and innovation; demonstrated success in building risk management systems and directing risk management function at an executive level within a complex financial institution; investment experience, deep familiarity with corporate banking, and outstanding technical skills in credit risk management in emerging markets; superior business judgment and ability to balance the financial integrity and reputation of the institution with commercial viability at an enterprise-wide level; demonstrated ability to think strategically, prioritize effectively, mobilize resources and deploy them flexibly; capacity to build strong client/partner relationships.• People leadership skills: Demonstrated ability to lead effectively, manage a large and dispersed team in a dynamic and multicultural environment, and attract high caliber people and nurture their development; ability and willingness to make decisions, take accountability and hold others accountable for delivery.• Collaboration and innovation: Ability to work collaboratively in a matrixed and highly complex organization, with superior influencing and interpersonal skills; ability to cultivate an active network of relationships inside and outside the organization; interest in and ability to drive innovation and change, and to bring together groups that are used to working autonomously to solve problems and make decisions.• Communication skills: Effective and persuasive oral and written communication skills to work successfully with external stakeholders, clients, as well as with WBG senior management and IFC's Board of Directors, and to represent publicly the IFC and WBG's viewpoints in global forums. * WBG-wide managerial selection criteria include - courage of your convictions, leading the team for impact, influencing across boundaries, fostering openness to new ideas, and building talent for the future. World Bank Group Core CompetenciesThe 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 is how cinfo can support you in the application process for this specific position:Before you apply for this position: Improve your application documents by registering for a Job Application Support.When invited to the interview: Prepare for the interview by registering for a Job Application Support. For Swiss nationals who are invited to an interview or assessment center:Please let us know so that we can inform our HR partners from the respective organisation and the Swiss Government: recruitment@cinfo.chBenefit from free interview preparation by registering for a Job Application Support.Interested in a career with multilateral institutions? Read more:  Working with the United NationsWorking with International Financial InstitutionsFor Swiss nationals ______________________________________________________________________ 

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28/07/2022