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Counsel/Compliance Officer - Tax

Job #: req10045
Organization: IFC
Sector: Other
Grade: GF
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment
Location: Washington, DC,United States
Required Language(s): English
Preferred Language(s):
Closing Date: 11/26/2020 (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. For more information, visit www.ifc.org.

Interested in Development?

Are you interested in development? Would you like to work for the largest global development institution in the world that works with the private sector in emerging markets to eliminate extreme poverty and boost shared prosperity?

The International Finance Corporation (IFC) is a member of the Word Bank Group and focuses on financing private sector investments in emerging markets. IFC:

• Works with 2,000 businesses worldwide to create opportunity where it is needed most. 
• Committed over $22B in long-term financing last fiscal year.
• Is providing $8B in COVID financial support to existing clients to help sustain economies and preserve jobs in the poorest and most vulnerable countries. 
• Commits about 300 new investment projects per year across all industry sectors – including infrastructure, manufacturing, telecommunications, venture, financial institutions and funds – and geographies of the world, taking both debt and equity positions and providing advisory services to support development.
• Has offices in over 100 countries, including over 30 offices in South and East Asia.

So Where Does Tax Fit In?

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 a Counsel/Compliance Officer based in Washington DC, with the potential to relocate to the Asia Region after an initial two-year period. The Counsel/Compliance Officer will report to the Head of the International Tax Office and perform the following functions:

Duties and Accountabilities:

• Tailor and implement a program to address tax risk in IFC private sector project finance investments with a specific focus on Asia, including:
   o Analyze complex international tax-related risks and structuring of IFC investee companies, clients and partners;
   o Advise on challenging cross-border tax issues, including tax treaties, transfer pricing and international tax structuring;
   o Provide creative recommendations to manage and mitigate the financial, legal, and reputational risk to IFC of the tax practices of IFC investee companies, clients and partners;
   o Help IFC maintain its leadership on international tax issues amongst other development institutions and advance best tax practices in emerging markets; and
   o Contribute to the advancement of IFC’s tax-related policies and procedures.
• Advise IFC project teams on the application and use of IFC’s international tax policies, including disclosures to IFC’s Board of Directors.
• Assist in obtaining consensus on tax issues on investment transactions and tax policy issues amongst IFC’s 180+ member countries and 25 voting constituencies.
• Identify Asia-specific tax issues/projects and collaborate with other international organizations to potentially influence policies.
• Collaborate with the World Bank and IMF Tax teams to provide private sector insights into international tax issues.
• Participate as Observers in the OECD BEPS Inclusive Framework meetings to advise IFC business on how outcomes might impact IFC projects.
• Lead in the roll out of Tax training program for staff in Asia, including the development of practical written guidance and engaging live training sessions.

Selection Criteria

• Master of Taxation, J.D. tax LL.M, MBA or equivalent. 
• At least 5-8 years of international tax experience, with either experience in the Asia region or with Asian tax matters.
• Experience with a Big 4 or other leading tax planning consultancy or law firm, or in-house experience in international tax.
• Experience with development institutions (in tax or other disciplines) a plus.
• A deep understanding of cross-border tax issues, including tax treaties, transfer pricing, and international tax structuring, including evaluation of the tax aspects of new investments.  
• Experience explaining tax concepts to seasoned investment staff and other non-tax professionals. 
• Excellent interpersonal and client service skills.  Superior client focus required.
• Ability to communicate ideas and tax concepts clearly and confidently, both in writing and orally.
• Strong organizational skills with an ability to work under time pressures and respond to ad hoc shifts in priorities while maintaining order and delivery.
• Highly developed personal integrity, strong values and ethics. Team player. Energy and enthusiasm.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.