Date of last update: 10/11/2021 2021-11-10
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 servicesas well as products and services of other institutions in the World Bank Groupto 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
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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 2021, IFC committed a record $31.5 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 the impacts of the COVID-19 pandemic. For more information, visit www.ifc.org.
IFC's Business Risk and Compliance Department (CBR) provides advice and guidance to the IFC Board, Management and business operations teams on a range of non-financial risks in our projects – all with a view to promoting tax good governance, mitigating integrity risk (e.g., corruption, fraud and know-your-customer (KYC) issues), building build anti-money-laundering (AML/CFT) protections, and managing market conduct and other reputational risks.
In early 2018, CBR established a dedicated International Tax Office to better address the financial, legal, and reputational risks that may arise from international tax issues in IFC projects. The International Tax Office does this against the backdrop of a rapidly changing international tax environment, including initiatives such as:
• The OECD Base Erosion and Profit Shifting (BEPS) project;
• The Global Forum Exchange of Information on Request (EOIR); and
• The Global Forum Automatic Exchange of Information (AEOI).
We are looking for you to join our team as an Associate Compliance Officer based in Washington DC. The Associate Compliance Officer will report to the Head of the International Tax Office and perform the following functions.
Duties and Accountabilities:
• Evaluate transaction structures to assess applicability of IFC and World Bank Group policies and procedures from perspective of intermediate jurisdiction usage, including:
o Review of project due diligence data gathered by IFC project teams
o Analyze use of intermediate jurisdictions in structures, and
o Review and provide comments to IFC project teams on disclosures made in board papers related to the OFC Policy
• Conduct and advise IFC project teams on tax due diligence of transaction structures, including review and drafting of board disclosures
• Coordinate closely with integrity experts to add value to their due diligence advices and inputs.
• Support Head of International Tax Office in preparation of quarterly summary analyses for IFC Audit Committee, Management, and working groups on above subject matters
• Support Tax team on policy work, to include work on updating existing World Bank Group tax policies and drafting new policies and procedures
• Participate in designing of training materials and providing engaging trainings to IFC project teams on above subject matters
• Help manage responses to queries on IFC's international tax practices, such as those that may come from WBG Group Internal Audit and EU pillar assessments
• Monitor Global Forum, OECD, FATF and other jurisdictional lists and related developments across the international tax landscape
• Perform highly technical research and analytics on trends and developments in the international tax landscape, and
• Carry out other duties as assigned by the Head of International Tax Office and Tax team and by CBR Management on the above subject matters.
Selection Criteria
• J.D or B.A. in Law or equivalent from another jurisdiction.
• Completed LL.M or master's degree in taxation, Finance or International Economics or similar.
• At least 5 years with an international organization, including at least 2 years of tax experience. Experience working on private sector tax matters a plus.
• Outstanding analytical skills on technical subject matters.
• Excellent interpersonal and client service skills.
• Ability to communicate ideas clearly and confidently, both in writing and orally.
• Creative mindset and skills for data analytics and associated reporting.
• Ability to self-organize and manage work across project threads.
• Dependable and able to work independently and with a team to complete tasks within deadlines.
• Highly developed personal integrity, strong values, ethics and Team player.
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.
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Type of contract: Staff (Permanent and Fixed Term)
Macro-area: North America
Level of experience: Senior Professional, more than 5 years
Area of work Definition: Banking and Finance
Type of organisation: Multilateral Organisations