Syndications Analyst

Syndications Analyst

Job #:

req22800

Organization:

IFC

Sector:

Treasury

Grade:

GE

Term Duration:

3 years 0 months

Recruitment Type:

Local Recruitment

Location:

Washington, DC,United States

Required Language(s):

English

Preferred Language(s):

Closing Date:

5/31/2023 (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 $32.8 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.

The Syndicated Loans and Management Department ("CSL") is responsible for raising external funds for IFC's borrowers from banks through the B Loan program, from Development Financial Institutions ("DFIs") and other parallel lenders, and from institutional investors through its Managed Co-Lending Portfolio Program ("MCPP"). The department also manages the ongoing syndicated portfolio engagements with third-party investors.

CSL is currently seeking an Associate Syndications Officer for its Investor Engagement Division ("IED"), the unit responsible for the Managed Co-Lending Portfolio Programs (MCPP). MCPP is a portfolio syndications platform, through which investors can gain exposure to a diversified portfolio of senior loans to private sector borrowers in emerging markets. Since 2013, the unit has raised $12.5 billion from 11 investors, including from central banks, insurance companies, and asset managers. The product is adaptable to meet the varying regulatory requirements of different types of investors in varying jurisdictions. As a result, the product won an award for "Innovation: New Markets and Capital" from the Financial Times in 2017, and was later showcased as an example of implementing IFC's Creating Markets strategy. In 2022, the unit launched that latest MCPP platform, One Planet, which builds for institutional investors the world's first cross-sectoral portfolio of EM senior loans aligned with the Paris Agreement, supporting the WBG in its ambitious Climate Change Action Plan. In addition, IFC will provide investors with enhanced impact and ESG-related reporting, allowing them to tangibly demonstrate their contributions to the climate agenda and SDGs, as well as meet their latest disclosure commitments and regulations. The Unit manages obligations to existing investors, as well as continues to fundraise and develop new product offerings.

The position will be based in Washington, D.C. S/he will report to the Head of MCPP.

Role & Responsibilities:

• Supporting the core governance of identifying all eligible deals for investors by monitoring new deal flow through IFC's systems and conveying to the Syndications Officers.

• Calculating the size of each investor tranche in a timely manner utilizing and updating the MCPP Allocation Model.

• Presenting projects to MCPP investors, ensuring accompanying project description incorporates requirements per investor legal agreements, and highlights each investor's rights and required response times.

• Creating and distributing ongoing updates for the department as to deployment and space remaining within programs maximize utilization.

• Developing investor reporting tools using data points from various sources leveraging data visualization programs.

• Liaising daily with Syndications Officers for Q&A and response to investment teams building effective working relationships, maintaining logs of rule sets, exceptions, etc.

• Preparing project-level and portfolio-level reporting and sending to MCPP investors on a timely manner with highest quality standards.

• Liaising with COMTF (Trust Funds) and CBA departments to coordinate the disbursements, Loan Ops to resolve any operational issues, and IT in the design and implementation of automation efforts.

• Supporting the launch of all new MCPP initiatives and efforts, including assisting in the preparation of SO/IO training, updating governance materials and systems readiness etc.

• Providing ad-hoc analytical support to the team related to MCPP portfolio management, reporting and analytics.

Selection Criteria

• M.B.A. or Master's degree in a relevant field with at least 2 years of analytical and project management experience, or an undergraduate degree with at least 4 years of relevant market experience, preferably with a leading international bank or other development finance institution covering emerging markets.

• General understanding of IFC's Loan Syndications Processes and Procedures, and Products - including but not limited to MCPP.

• Understanding IFC's Investment Approval lifecycle and financing terms related to senior loans, including Idesk/IPortal interfaces. A general understanding of credit insurance and how it interacts with the IFC loans is a plus.

• General understanding of IFC's Managed Co-Lending Portfolio Program, including its various product iterations (Trust Loans, B2 Loans, Credit Insurance, URPs) a plus

• Experience with IFC's IT and loan operations systems

• Ability to track the progress of large amounts of deals and multiple investor portfolios at once across all regions, with a strong attention to detail and ability to organize. Experience with large data set manipulation and organization is a plus.

• Advanced MS Excel skills for data analytics and management, Power BI or Tableau for data visualization, and MS PowerPoint and MS Word for drafting internal and external strategic messaging. VBA macro programming ability highly prized. Understanding of other programing skills is a plus.

• Proven ability and experience in preparing qualitative and quantitative reports.

• Team player with strong interpersonal skills, able to work flexibly across time zones to support Syndications Officers globally

• Ability to multitask, prioritize among various competing demands from internal and external stakeholders, and ensure all deadline and commitments are followed through in relevant channels.

• Strong analytical and problem-solving skills to identify issues and present creative, practical solutions.

Note: This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.

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.