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 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.
The Gender and Sustainability Solutions Department (CEG) includes approximately 200 staff and consultants. As part of its mandate, CEG supports IFC’s investment and advisory teams to manage ESG risks associated with their activities and find solutions to client issues on basis of our Environmental and Social (E&S) Performance Standards (http://www.ifc.org/performancestandards) and the Corporate Governance Methodology (http://www.ifc.org/corporategovernance). CEG further leverages this expertise and operational experience in emerging markets to encourage the effective adoption of these standards by companies and investors across emerging markets. More details can be found at http://www.ifc.org/sustainability.
The Environment and Social (E&S) Development Specialist will provide guidance to clients, investment and advisory teams on E&S risk management vis-à-vis IFC Performance Standards and Sustainability Policy with the aim of promoting compliance with IFC’s performance standards and enhanced impact and additionality of IFC-supported investments and advisory mandates. This position will report to the Regional Manager, with Regional Team Leads for DI as primary Supervisor.
Early Screening, Due Diligence, Portfolio supervision
- Lead or support the assessment of E&S issues/risks in new investments and select advisory engagements in manufacturing, agribusiness, and supply chain.
- Identify and develop risk mitigation measures and value-add solutions that support clients in addressing identified issues; advise on structuring, appropriate mitigation measures and contractual alignment of interest to address risks and impacts.
- Provide clear and responsive guidance to IFC investment teams on E&S risk management in project decision-making and processing considering E&S risk issues, including clear communication to teams and management throughout the investment cycle.
- Discuss and support formulation of E&S legal conditions for projects legal agreements.
- Proactively monitor portfolio clients and engage with clients to achieve compliance. Clearly document and communicate any outstanding or emerging gaps between client performance and IFC requirements, and related risks to IFC.
- Support industry teams and clients in response to CAO and IEG requests, leading discussion with CAO and IEG officers
- In coordination with industry and CEG advisory teams, build capacity with clients on issues related to E&S issues, including clients’ monitoring and evaluation of E&S activities and outcomes.
- Contribute to portfolio analysis to identify systemic issues and assess trends; or of policy nature and propose policy adjustments as needed.
- Contribute to regional supervision program reviews and quarterly reports.
Upstream, Advisory Services and PPP support
- On basis of portfolio analysis, help identify systemic bottlenecks existing in the market that prevent adequate E&S risk management in key markets. In collaboration with Upstream officers and advisory teams, help develop upstream activities by using technical experience and expertise.
- Work proactively to identify opportunities for advisory engagements that result in greater development impact and value for the client; Provide expert input into new IFC advisory offering.
- Provide support to PPP projects including identifying key E&S risks associated with the projects against the requirements of IFC’s Performance Standards, define the scope of work for E&S Studies, support the selection of consultants for the development of such studies, and review interim and final studies for alignment with IFC Performance Standards, accurateness, and completeness.
Knowledge Management
- As needed, participate in cross-regional and global teams responsible for the preparation of policy interpretation notes on E&S topics and contribute to the corporate knowledge base by analyzing and disseminating lessons learned from project work.
- Participate in forums or conferences to showcase IFC experience, approach and value proposition.
- Prepare management briefs of relevant E&S matters.
- Provide guidance to more junior staff and Short-Term Consultants (STCs) working on E&S risk management and supervise the timeliness and quality of their work, in coordination with Regional Team Lead.
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