IFC recruits 01 Regional Director, North Africa
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Regional Director, North Africa
Job # : req12583Organization : IFCSector : OtherGrade : GITerm Duration : 4 years 0 monthsRecruitment Type : International RecruitmentLocation : Cairo,EgyptRequired Language(s) : EnglishPreferred Language(s) : Closing Date : 8/3/2021 (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).
The International Finance Corporation (IFC) is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, the Corporation uses six decades of experience to create opportunities where they are needed most. Private sector financial development is essential to the promotion of successful and sustainable economies in low- and middle-income countries around the world. Sound and efficient financial markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth.
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 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. This strategy also relies on a closer WBG collaboration through the “Cascade” approach: working with clients, we will first seek private sector solutions to address development challenges—where such solutions are advisable and can be effective—and reserve public financing for projects only when other options are suboptimal.
IFC is seeking to recruit a new Regional Director for the North African Region. The position will be based in Cairo, Egypt and will report to the Regional Vice President for Africa. S/he will lead a team located in our offices in North Africa.
The Regional Director will play a crucial role by leading the regional team, overseeing the implementation of IFC strategy, and managing key client and government relationships. S/he will be an integral part of the leadership team of the Africa VPU.
Duties and Accountabilities
Business Responsibility• In close collaboration with the Economics VPU, the Global Industry Directors and Regional Industry Senior Managers, lead IFC teams in designing and implementing Country Strategies and Business Plans for IFC’s Upstream engagements, Investment Services and Advisory Services• Ensure that IFC Country Strategies informed by Private Sector Diagnostics and Sector Deep Dives are fully reflected in WBG Country Partnership Frameworks (CPF)• Provide input into and support for private sector-led prior actions in World Bank policy lending in close collaboration with the Regional Leadership Team• Lead business development, including relationships with private sector clients, governments, World Bank/MIGA and relevant regional development banks for North Africa• Together with Regional Industry Senior Managers, accountable for business selection and reviews, as per the Accountability and Decision-Making Framework• Manage the regional P&L• Clear client relationships from the Integrity Due Diligence (IDD) perspective• In collaboration with the Director of Environment, Social & Governance (ESG), monitor the ESG performance of IFC clients and address ESG risks and issues related to IFC’s operations in the region• Achieve development outcomes in North Africa, in close collaboration with Regional Industry Directors• Monitor and propose relevant adjustments to IEG reports related to the Region’s work program in close collaboration with the Regional Industry Directors.
Client and stakeholder responsibility and partnership• Lead government and government linked relationships as well as regional private sector client relationships in close collaboration with the Regional Leadership Team • Collaborate with WBG counterparts to identify and execute on opportunities for WBG solutions, applying the Cascade approach• Represent IFC in the WBG Regional Coordination Mechanism (RCM) meetings and ensure a seamless flow of information and knowledge sharing • Ensure close collaboration with the World Bank, MIGA as well as other DFIs in the region • Develop and strengthen IFC’s “brand” in the region, building on IFC’s global brand and the overall communications strategy and coordinate and support external fundraising efforts in the region.
Resource responsibility • Develop the resource needs with a focus on frontier areas and high impact projects• Manage budget for the regional department with a goal to increase efficiency and effectiveness.
• A PhD, Master’s degree or equivalent professional qualification in economics, finance or business and a minimum of 20 years of relevant experience;• Strong technical understanding of the Upstream, Investment and Advisory businesses, including client relationship management, business development, and pipeline management, in the context of regional priorities and opportunities; • Strong track record of business delivery, demonstrated investment experience, superior business judgment, policy dialogue and established professional credibility; • Excellent written and verbal communication skills and fluency in English; Arabic language would be a plus;• Commitment to the World Bank Group’s and to IFC’s mission, strategy and values; • Demonstrated ability to think strategically, prioritize effectively, set direction, mobilize resources, and deploy them flexibly, teamwork and collective leadership;• Ability to work collaboratively with superior interpersonal skills; • Ability to represent the organization to external clients and stakeholders; • Demonstrated ability to lead effectively and manage a large and dispersed team in a dynamic and multicultural environment; • Excellent people management skills and openness to feedback; new ideas and ability to guide staff to solutions to problems; • Demonstrated highest standards of integrity and decisiveness; • Ability and willingness to take decisions and deal with ambiguity, as well as take accountability and hold others accountable for results; • Ability to deliver results under stressful timetables and environment;• Ability to build organizational capacity through system and process improvements, be a change agent and serve as catalyst for innovation;• World Bank Group-wide managerial competencies – Courage of your Conviction, Leading the Team for Impact, Influencing Across Boundaries, Fostering Openness to New Ideas, Building Talent for the Future.
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.POSTULER