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Principal Banking Specialist, Financial Institutions Group

Job #: req11515
Organization: IFC
Sector: Other
Grade: GH
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment
Location: Bangkok,Thailand
Required Language(s): English
Preferred Language(s): Spanish, French
Closing Date: 4/26/2021 (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. For more information, visit www.ifc.org.

IFC has embarked on an ambitious new strategy to stimulate more investment activity, especially in Low Income Countries (LICs) and Fragile and Conflict affected States (FCS). This new strategy aims at creating our own opportunities for private investments in riskier markets by proactively working in these countries to create, deepen, and expand the markets themselves. 

The Financial Institutions Group (FIG) is one of the major industry groups at IFC, responsible for managing roughly 40% of IFC’s overall business in terms of volume and capital at risk.  FIG engages in a wide range of sub-sectors including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with both investment and advisory services delivered to IFC’s clients through IFC’s global network. 

IFC's priorities in FIG as an industry group are: (i) grow investment and advisory solutions in emerging markets, and achieve strong profitability and impact (ii) build new and nurture existing client relationships to make IFC the preferred partner for key clients (iii) manage portfolio of assets for strong profitability and impact; (iv) support local companies, while improving transparency and corporate governance; (v) catalyze foreign investment, including mobilizing B loans and parallel loans; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players and (viii) develop client, sector and country-level solutions through upstream and downstream interventions that can be scaled and replicated; (ix) be a thought leader and innovator of products and client solutions globally.

IFC seeks to deepen its banking industry expertise with more resources to meet our growing mandate and increasingly demanding requirements from our investment services and advisory streams.  IFC aims to hire a Banking Specialist who will complement the existing group of technical expertise housed in IFC’s Financial Institutions Group (FIG) Global Industry Unit (CFG).  The Principal Banking Specialist is expected to be located in Bangkok, Thailand but will be considered as a global resource reporting to the Chief Banking Specialist based currently in Bangkok, Thailand.

Beyond the Banking Specialist’s traditional role of taking a leading role in investment appraisals and loan portfolio reviews, the new IFC FIG model demands greater value-added services for existing and potential clients.  Banking Specialists are expected to i) contribute to development of FIG’s global strategy, ii) support regional management teams in the development and implementation of their regional strategy, iii) support clients in capacity building through technical assistance and workshops, iv) assist in the supervision of existing/portfolio exposures, and v) contribute to global knowledge development and dissemination.  The role requires significant travel, both within the region where they are based and globally.

The ideal candidate should have considerable hands-on, private sector, operational experience in banking, at senior level in a variety of countries; the successful candidate’s experience should include at least Consumer Banking and SME, a firm understanding of data analytics and statistical score modeling, hands-on Credit risk management and overall risk management including liquidity, market and non-financial risks.  Sound experience in due diligence of financial institutions and Fintech, strategic business acumen and deal making with strong operational hands-on skills and a willingness to apply those skills when working with clients and on transactions are also critical. 

She/he will be part of FIG’s Global Team which bases its Banking Specialists across regions.  Banking Specialists might be required to work across other regions whether based in Asia or elsewhere. Women and emerging markets candidates are particularly encouraged to apply.

Role & Responsibilities:

The business accountabilities of the banking specialists will include but will not be limited to supporting regional FIG managers to:
• Implement regional industry strategy and delivery of business targets and development outcomes mainly through participation in appraisals, including but not limited to loan portfolio reviews.
• Provide assistance in developing a sound regional industry strategy and identify resource needs for FIG in the Region.
• Support business development for both Investment and Advisory services in the Region.
• Support the regional Portfolio Manager to ensure high quality, performance and compliance of portfolio in the region.
• Disseminate IFC's Industry lessons and experience in the region, contribute to the global knowledge bank for Industry and share experience through design and delivery of internal formal and informal learning.
• Ensure quality control of work performed by investment officers, consultants and other team members in the course of appraisals.
• Collaborate with Credit and Risk to identify and manage industry risks.
• Mentor and develop junior staff in the region.
Reporting relationship:  Primary reporting to Chief Banking Specialist in FIG.

Selection Criteria

Minimum required experience to include:

A Master's degree or equivalent professional qualification in finance or business,
A minimum of 20 years relevant operational private sector banking experience in a variety of Asian countries.
• Substantial banking experience at senior management level including decision-making responsibility and influence over the results of the entity. 
Experience and expertise to include but not limited to:

  • Consumer Banking and SME,
  • Credit and risk management,
  • Asset/Liabilities management,
  • Working knowledge and analytical skills in financial analysis. statistical score modeling, vintage analysis and big data,
  • Working knowledge in Fintech and disruptive business models in financial products. 
  • Due diligence of financial institutions (debt and equity) – Banks and NBFCs.
  • Due diligence of Fintech (debt and equity).
  • These are absolute requirements and candidates with less experience will not be considered.

• Ability to represent IFC externally and to develop and manage relationships with clients, government, media, donors, and other stakeholders;
• Strong sense of service to clients and demonstrated private sector business development aptitude. Proven success in developing client relationships and executing quality investments;
• Ability to work in the matrix as an integral part of the Regional and Industry Department, and deliver high quality work within deadlines to meet team objectives;
• Ability to collaborate closely with World Bank and other financing institutions and banks;
• Good 'deal sense' based on demonstrated strong analytical skills and sound business judgment;
• Ability to develop innovative solutions and challenge the status quo in order to build the business;
• Excellent people management skills and openness to feedback; new ideas and ability to guide staff to solutions to problems;
• Strong written and verbal communications skills;
• Recognized as a team player and leader, ability to manage and resolve conflict;
• Highest standards of ethical integrity, transparency
• Fluency in English and Ability to speak Spanish and French would be a plus

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.