Manager, Disruptive Technologies and Funds

Job #: req22897

Organization: IFC

Sector: Economics

Grade: GH

Term Duration: 4 years 0 months

Recruitment Type: International Recruitment

Location: Washington, DC,United States

Required Language(s): English

Preferred Language(s): Closing Date: 7/24/2023 (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 2022, IFC committed a record $32.6 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. For more information, visit www.ifc.org.

The Development Impact Measurement Department (CDI) is part of the Economics & Private Sector Development Vice Presidency. It is responsible for developing methodologies and assessing the development impact of IFC investments and advisory services. This includes implementing the ex-ante development impact framework (the Anticipated Impact Measurement and Monitoring system or AIMM); measuring development impact during the investment project life cycle; conducting ex-post empirical evaluations; and collaborating with and convening the global impact investing community.

CDI is recruiting a Manager to lead the Unit at CDI (CDIDF) that covers Disruptive Technologies and Funds (DF) and the Technology, Media and Telecom (TMT) sectors. The unit’s work program involves the implementation of the AIMM impact measurement system in DF and TMT; monitoring and evaluating impact of both investments and advisory projects in those sectors, including helping design and conduct impact evaluations; and developing sector economic analyses with a focus on solutions for private sector development, with a view to provide high-quality economic support to operational teams on DF and TMT strategies and projects.

The Manager will lead the unit’s team of economists and result measurement specialists and coordinate their interactions with regional and IFC support department counterparts. The Manager will also contribute to a range of corporate functions within CDI and the Economics & Private Sector Development VPU, including tasks related to impact reporting and external representation.

We are looking for an experienced professional with excellent technical and management skills, deep experience in leading economic analysis of industry trends and development impact in DF and TMT sectors, and a proven ability to engage with the most senior levels of management and external partners in areas pertaining to the unit’s work program.

Duties and Responsibilities

Under the overall guidance of the CDI Director, the duties of the Manager include:

•  Manage the day-to-day implementation of IFC’s AIMM impact rating system for projects in disruptive technologies, funds, and TMT. This includes:

o Fully developing and implementing the ex-ante project assessment framework for investment and advisory DF and TMT projects throughout the project cycle.

o Monitoring and evaluating impact of both investments and advisory projects including conducting ex-post impact evaluations.

o Provide quality control for all AIMM ratings and development impact narratives for project documentation advanced to the WBG Board in the sectors covered by CDIDF.

•  Operationally relevant analytical work:

o Lead the unit’s program of analytical work based on rigorous applied economics in collaboration with DF and TMT investment and advisory teams, WBG colleagues and external partners/clients.

o Perform regular stock-taking exercises and analytical work to identify lessons from the AIMM implementation experience in DF and TMT sectors.

o Use analytical findings and lessons from portfolio analysis to inform DF and TMT sector strategies and operational decisions.

•  Impact reporting: Lead the analysis and summaries of IFC development impact in DF and TMT sectors for IFC’s annual reports, Board papers, donor reports, and other purposes as requested.
•  External representation. In coordination with the Director and other CDI Managers, represent IFC externally on DF- and TMT-specific impact management practices and results evaluations, across development finance institutions, academia, and the private sector.
•  Manage, mentor, and develop the staff in the unit.

Selection Criteria

In addition to the WBG Managerial competencies, the successful candidate must possess:

•  PhD or Masters in economics or related field.
•  At least 12 years of experience at successively higher levels of responsibility, demonstrating excellent quantitative and analytical skills in economics and increasing levels of management responsibility.
•  Deep technical expertise and publications on the economics of DF and TMT sectors and excellent knowledge of current industry trends.
•  Excellent people management skills and ability to guide staff to excellent business outcomes. Demonstrated ability to effectively recruit, mentor and develop staff.
•  Demonstrated teamwork and collaboration skills, including ability to work in a matrix as an integral part of the department and in collaboration with IFC operations and regional counterparts
•  High energy, drive, and ability to manage a large portfolio of activities efficiently, proven organizational management skills, strategic thinking, and sound business judgment.
•  Proven ability to lead high level discussions with senior management and external stakeholders to inform thinking on important policy, strategy, operational, and impact management.
•  Excellent written and verbal communication skills and ability to communicate effectively with high-level stakeholders.

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.

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