Job Vacancies at World Bank Group, Nigeria

Job Vacancies at World Bank Group, Nigeria – 2 Positions

by Editorial Staff

Abuja, Lagos - Nigeria Posted 3 years ago Posted on Accounting / Audit / Finance, Banking / Finance / Insurance

The World Bank Group is recruiting to fill the following positions:

1.) Private Sector Specialist / Economist - (IFC)
2.) Associate / Investment Officer - (WBG)

The World Bank Group - Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. In fiscal year 2018, the WBG committed $67 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $24 billion was concessional finance to its poorest members. It is governed by 188-member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.

See job details and how to apply below.

1.) Private Sector Specialist / Economist - (IFC)

Job #: req13015
Location: Abuja, Nigeria
Organization: World Bank
Sector: Private Sector Development
Grade: GF
Term Duration: 4 years 0 months
Recruitment Type: Local Recruitment
Required Language(s): English

Job Duties and Responsibilities
Include, but are not limited to, the following main tasks:

Support the FCI dialogue in country with a focus on private sector development: Support the policy dialogue with counterparts on issues relating to private sector development, particularly focusing on creating opportunities for investments supporting economic transformation and employment.
Serve, when needed, as team member or co-TTL/TTL (Task Team Leader) for lending operations, advisory, and analytical work, and contribute to the delivery and quality of financing and knowledge engagements for Nigeria, provide inputs to other Global Practices (Macro, Trade and Investment, Governance, etc.) on private sector related issues.
AAA & Advisory work: Support the development and implementation of high-quality AAA and advisory work. Lead/support policy dissemination events with policy makers, stakeholders, and private sector.
Support the dialogue with the CMU and with the region: prepare inputs for WPA discussions, strategic documents such as CPFs, SCDs and CPSDs.
Relationship management: cultivate strategic relationships with government counterparts and other key stakeholders
Collaboration with IFC: Coordinate and work with the International Finance Corporation (IFC) as needed on relevant diagnostics, advisory work and operational activities.
Development Partner Collaboration: Support the partnership with the development partner community and facilitate/participate in formal and informal meetings with key development partners, civil society, private sector representatives, and other stakeholders.

Selection Criteria

Master's Degree or PhD in Economics, Business, Public Policy, or relevant qualifications;
At least 5 years of relevant professional experience in private sector development since completing university degree (i.e. Master’s), with solid knowledge in one or more topic areas covered by the FCI Global Practice, such as innovation and entrepreneurship, small and medium enterprise development, trade and export promotion, investment climate reforms, competition policy, productivity and other issues affecting competitiveness.
Excellent writing and presentation skills in English.
Capacity to lead dialogue with senior counterparts and influence policy discussions at the national and subnational level on private sector development issues.
Proven ability to conceptualize, design and implement major projects and to produce major/complex reports or studies. Prior experience with World Bank instruments will be a plus.
Demonstrated team player who can work as a member of a multi-disciplinary and multi-cultural team, motivate and lead group efforts and network effectively across boundaries.

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.

Application Closing Date
15th October, 2021. (11:59pm UTC).

How to Apply
Interested and qualified candidates should:
Click here to apply online

2.) Associate / Investment Officer - (WBG)

Job #: req13203
Location: Lagos, Nigeria
Organization: IFC
Sector: Investment
Grade: GF
Term Duration: 3 years 0 months
Recruitment Type: Local Recruitment

Description

IFC - the private sector arm of the World Bank Group is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world.
The Financial Institutions Group (FIG), one of IFC’s industry departments, supports projects in numerous financial sub sectors, partners with local financial institutions, develops domestic and regional equity and debt markets and introduces new financing instruments.
The goal is to develop efficient financial systems that will increase financial inclusion and fuel economic growth in client countries and enhance IFC’s developmental impact.
FIG is recruiting an Associate Investment Officer to join the Investment Team, which originates, manages and monitors IFC’s financial sector investments across Africa. The Associate Investment Officer will report either to the FIG Regional Industry Manager covering West and Central Africa (WCA) or the Portfolio Manager, West, Central & Southern Africa.
The position will be based in Lagos, Nigeria.

Duties and Accountabilities

Provide key support in identification, appraisal, structuring and negotiation of financial sector investments.
Identify and analyze fundamental competitive strengths and weaknesses of projects or portfolio companies and identify non-financial issues, opportunities and risk/reward factors (e.g. business environment, country, and sponsor).
Handle disbursements, waivers and complex client interactions such as restructurings; monitor and value equity investments and recommends/executes the sale of holdings.
Monitor existing investments in portfolio companies, comprising various types of financial entities.
Review and analyze the financial and operating performance of clients; prepare quarterly risk ratings, annual supervision and other management reports as well as country strategy papers, briefs and project profiles.
Handle client relationships and provide insight into sector developments in client countries to anticipate new investment opportunities and/or performance issues.
Apply knowledge of project/portfolio lifecycle to identify and meet critical path milestones, and to implement tasks (including production of documents) in a timely and high-quality fashion for the processing or supervision of projects.
Support business development teams in engaging with and delivering projects focusing on FinTech topics such as payments, lending, wealth management, InsurTech and others.
Actively keep abreast of regional and industry developments and incorporates trends into the processing or supervision of projects.

Selection Criteria

Master's Degree and 5-7 years of relevant experience in the financial sector, preferably in an investment-related function and/or the private equity industry.
Good understanding of financial and operational characteristics of financial institutions.
Clear experience and expertise in identifying, evaluating, structuring and negotiating debt and equity transactions; experience in portfolio management.
Experience in emerging FinTech platforms and technologies such as digital banking, mobile payments, digital lending, InsurTech etc. a plus.
Strong interest in innovative, disruptive solutions for the financial services industry.
Sound business judgment and strong problem solving/negotiation skills, as well as ability to work effectively on simultaneous projects under time pressure.
Excellent verbal and written communication skills in English
A keen interest in development finance and working in a multicultural environment.

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.

Language:

Required Language(s): English

Application Closing Date
3rd October, 2021 (11:59pm UTC)

How to Apply
Interested and qualified candidates should:
Click here to apply online

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