Become a Manager / Senior Manager, Global Transport at the International Finance Corporation (IFC): Apply Now!!

Closing Date:

5/2/2024 (MM/DD/YYYY) at 11:59pm UTC

Description

Established in 1944, the World Bank Group (WBG) is one of the world’s largest sources of funding and knowledge for development solutions. The WBG consists of five specialized institutions: The International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID).

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 2023, IFC committed a record US$43.7 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 global compounding crises. For more information, visit www.ifc.org   

IFC has embarked on an ambitious new growth strategy, the outcome of which will be to double our volume of business by 2030 and triple the work we do in Low low-income countries (LICs) and Fragile and Conflict-affected States (FCS). To do so, IFC will need to deploy its full range of financing, mobilization, advisory, convening and thought leadership skills. This also calls for the need to generate our own opportunities by proactively working “Upstream” to create, deepen, and expand markets and opportunities for the private sector and to imagine, design and implement investment projects.

IFC has also been at the leading edge of catalyzing private capital for development. In an era of scarce public resources, those sums far exceed the capacity of governments, it’s imperative to create partnerships that bring together all the potential resources available for development— particularly from the private sector. IFC plays a critical role in forging such partnerships. Mobilizing capital from other investors— banks, international finance institutions, sovereign funds, pension funds, and other partners— is a key element of our strategy. For our co-investors, our involvement provides a more attractive balance of risk and return. 

Transport is an essential enabling infrastructure boosting connectivity and providing access to jobs, education, and healthcare. As a result, it is essential to development.  Additionally, and very importantly, IFC’s support to the transport sector must be accompanied by the acceleration of an inclusive transition to low-carbon, resilient growth that is focused on people, jobs, and long-lasting industrial progress. IFC is the only global development institution capable of creating bankable climate projects, blending public and private capital to make investments viable , and crafting mechanisms allowing institutional investors to back impactful climate solutions at scale.

In this context, IFC’s Global Infrastructure Department is seeking a Senior Manager for its Global Transport practice.  Senior Manager, Global Transport, will provide global leadership for this business, working in conjunction with counterparts in Regional Industry Departments, Regional Departments and across the World Bank Group. Senior Manager, Global Transport, will report directly to the Director of the Global Infrastructure Department. He will manage a team of about 20 staff that includes a mix of global sector leads for various transport sub-sectors (e.g., ports, roads, shipping, aviation etc.) and senior engineers with significant industry experience and technical expertise.

Duties and Accountabilities

Business Accountabilities

• Provide overall leadership and strategic oversight to the IFC Transport practice. 
• Lead the formulation, monitoring and updating of IFC’s strategy for the sector. 
• Initiate and support business development activities across regions and manage relationships with global and select regional clients including as client manager/executive sponsor for select strategic clients.
• Deepen IFC’s expertise in delivering sustainability solutions for key global and regional clients and increase focus on e-mobility and other decarbonization efforts (hydrogen, green methanol/ ammonia) in partnership with other industry departments.
• Take responsibility for the overall developmental and financial results of IFC’s work in the sector, and for managing corresponding risks. 
• In a partnership model with regional industry managers, ensure the development and commitment of high-quality investments with strong development impact, in line with overall corporate KPIs that apply to the transport sector. 
• As per the Accountability and Decision-Making framework, and delegated authority as appropriate, review and clear project concepts, and participate or chair Investment Review Meetings.
• Ensure a broad consistency of approach in structuring transactions and support active portfolio management of IFC’s investments in the sector.
• Ensure that lessons from IFC’s experience are captured and shared, internally, and externally, and contribute to IFC’s global knowledge base. Transfer lessons of experience across regions and provide global sector insight through thought pieces, knowledge talks.  
• Collaborate with and support the delivery of IFC’s upstream agenda in the Transport sector.
• Serve as IFC’s spokesperson in the transport infrastructure fora; coordinate overall messaging to ensure visibility and consistency in IFC branding through publications, interviews, op-eds, speaking engagements etc. Lead coordination for IFC across the World Bank Group in the WBG’s transport practice. 
• As a member of the management team of the Infrastructure group, contribute to the overall leadership and take collective responsibility for the group’s overall performance and results.

Resource Management Accountabilities

• Recruit, lead, manage and mentor staff in the global transport team and support regional industry managers in onboarding and building the capacity of staff who focus on transport in the regional industry groups. 
• Provide timely performance feedback and developmental advice to direct reports. 

Relationship Management

• Develop and grow relationships with key strategic transport clients and with stakeholders in the industry such as industry associations, DFIs, civil society organizations and the World Bank. 
• Collaborate closely with other IFC groups (upstream, regions, advisory, portfolio, E&S, credit, etc.) to lead strategic business growth and identify and manage risks.

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Selection Criteria

• Master’s degree or equivalent qualification and a minimum of 12 years of relevant work experience.
• Transport sector expertise including a strong and diverse investment deal sheet in transport including both debt and equity. Ability to quickly identify the key drivers and risks of a particular business.
• A track record of incubating and growing new business lines, client relationships, and executing quality investments in the Transport sector. 
• Ability to develop innovative solutions to build the business.
• Credibility to represent IFC externally and to develop and manage relationships at senior levels with clients, government, media, and other stakeholders. 
• Excellent people management skills and openness to feedback; new ideas and ability to guide staff in finding solutions to problems. 
• Willingness to speak openly and constructively challenge peers, subordinates, and more senior colleagues in the interest of safeguarding IFC’s investment and reputational interests.
• Recognized as a team player and leader, ability to integrate, manage and resolve conflict, working in a complex matrix and gaining influence without using authority.
• Strong written and verbal communication skills. 
• Highest standards of ethical integrity, transparency, and fairness. 
• Meet Bank Group-wide managerial selection criteria including Courage of your convictions, Leading the team for impact, Influencing across boundaries, Fostering openness to new ideas, and Building talent for the future.

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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.