TERMS OF REFERENCE (ToR)
Short Term Consultant
Dhaka, Bangladesh

About IFC

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 $32.8 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’s Financial Institutions Group (FIG) works through financial institutions to provide much-needed access to finance for millions of individuals and micro, small, and medium enterprises that we would never be able to reach directly. This is an important part of the World Bank Group strategy to end extreme poverty and build shared prosperity.

FIG South Asia provides the strategic investment and advice needed by financial institutions to build a strong, engaged private sector and tackle the region’s most pressing development challenges. We account for about 32 percent of FIG’s Global investment portfolio, and our projects support micro, small, and medium-sized enterprises (MSMEs), trade and supply chain-smart projects, housing, insurance, and digital finance. We demonstrate the business case for greater financial inclusion, particularly for women and other under-served segments of the community. Our tailored advice helps clients build capacity, strengthen risk management, and diversify and scale their product offerings. Stretching from the Pacific to South Asia, our projects are delivering on the IFC 3.0 agenda and enabling the region to fulfill its potential.

FIG South Asia Regional Industry Team is seeking a Short-Term Consultant to work in the capacity of Investment Officer with significant local market and industry experience to help grow and develop its business in South Asia.

Role & Responsibilities:

• Demonstrate a thorough understanding of banking, financial institutions and related industry knowledge.
  
• Manage portfolio of clients, including criticized and restructured assets; examine financial performance of clients and monitor their compliance to loan covenants.
  
• Support the preparation of monthly Portfolio Actions reports, Quarterly Portfolio Review reports etc. for departmental use, and prepare and provide materials for portfolio review meetings (debt/equity reviews) and quarterly Loss Reserves meetings.
  
• Make presentations to senior management; prepare project recommendation proposals for approval by credit and senior management.
  
• Evaluate, structure, negotiate, and close new transactions, loan restructuring and rescheduling, capital increases and equity sales, etc. Provide leadership and support in completing projects.
  
• Coordinate closely with social, environmental, advisory and technical assistance colleagues in order to champion IFC’s value to our clients' businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact.
  
• Take responsibility for other project or strategy related activities related to FIG’s business activities in the region.
  
• Assist in the assessment of Upstream opportunities based on country and sector strategies and market creation potential.
  
• Prepare brief documents summarizing postmortem insights from portfolio reviews and reporting to identify improvement opportunities and best practices.
  
• Build and maintain strong relationships with clients, banking and multilateral partners and government officials to develop specific investment opportunities.

Selection Criteria:

• Master’s degree in finance, economics or other related areas; accreditation as a CFA or CPA is considered a plus.
  
• Minimum 8-10 years of experience in the financial sector, with evidence of growing expertise in banking and non-banking financial institutions and finance related disciplines.
  
• Strong financial and credit skills; demonstrated ability to structure and negotiate a variety of complex financial instruments (debt and equity).
  
• Strong skills in evaluation of risk and ability to anticipate short and long term implications of decisions.
  
• Ability to make sound decisions and commit to decisions.
  
• Hold self and team accountable for risk management and outcomes.
  
• Ability to interact directly and independently with the senior management of potential clients, of financial and technical partners as well as senior government officials.
  
• Ability to systematically share with others good practice and learning from lessons from across WBG, clients, and partners.
  
• Considered an expert in the subject area and is sought out by colleagues to advise, peer review, or contribute to knowledge products of others.
  
• Skilled in collaboration across boundaries and broadly, ability to bring differing ideas into the forefront.
  
• Good relationship management skills with proven track record of success in developing client relationships and execution of client engagements.
  
• Knowledge and experience in international economic development arena and commitment to sustainable development.
  
• Excellent business judgment and strong analytical and problem-solving skills to identify issues and present creative, practical solutions.
  
• Great team player, able to mentor and train more junior staff; ability to work in a cross-cultural environment.
  
• Capacity to deal with conflicting priorities and deliver high quality work on schedule; facility to work successfully in multicultural teams and across boundaries.
  
• Excellent oral and written presentation skills in English are required; additional major language desirable.

Please submit your CV by email to Rizwan Rizvi at mrizvi@ifc.org on or before the 04 August 2023.