Head-Digital Financial Services, Washington

• Organization: IFC - International Finance Corporation
• Country: United States
• City: Washington
• Office: IFC Washington

Closing date: Friday, 26 June 2015

Background / General description
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is a global leader, investor and advisor committed to projects in its developing member countries that reduce extreme poverty and boost shared prosperity. IFC finances private sector investments, mobilizes capital in the international financial markets, helps clients improve social and environmental sustainability, and provides technical assistance and advice to businesses and governments in the developing world. Private sector financial development is essential to the promotion of successful and sustainable economies in low and middle income countries around the world. Sound and efficient financial markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth. IFC's goal is to prioritize investment in the financial sector because it promotes development in all other sectors. The Financial Institution Group (FIG) is one of IFC's key Departments responsible for a significant portion of IFC's business volume, profitability and development reach, approximately 40%. FIG engages in a wide range of sub-sectors including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with both investment and advisory services delivered globally to IFC's clients through IFC's global network.
FIG has three main objectives:

1. financial inclusion
2. servicing the real economy and
3. mobilizing third-party resources. In achieving its inclusion objectives FIG's is looking for a Digital Finance Head to significantly scale up access to financial services by financial intermediaries through the use of technology or other alternative delivery channels and products.

International Finance Corporation (IFC) 2121 Pennsylvania Avenue Northwest Washington, DC 20433-0005 (202) 473-7711

Specially, the Head by partnering with relevant financial intermediaries will: (i) lead FIG's new and expanding business operations for Digital Finance; and (ii) provide leadership in strategy and business development to the Digital Finance investment and advisory work across all regions. The Head will be based in Washington, D.C., within the Products and Channels Unit. The Head will be part of FIG's leadership team and will work to provide leadership to the FIG business strategy, operations, and talent management globally within the product.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3 year term appointment.
Duties and Accountabilities

• Develop and implement the Digital Finance investment and advisory strategy and program, as part of the overall FIG strategy, on a global, regional and country basis (based on demand); in partnership with TMT, RIHs, Regional FIG Managers, and colleagues from other industry clusters, including key business and development targets, with a focus on impact and financial sustainability.
• Lead and manage the Digital Finance investment and advisory teams based in Washington D.C. and across various regions and ensure the team has clear deliverables, is high-performing, well-motivated, innovative, well-trained, and is committed to IFC's success in financial access and digital finance in all regions.
• Lead business development globally with clients FIs, and promote and engage regional management and investment teams to grow the digital finance business and portfolio and manage the financial and operational risks in FIG Digital Finance investments portfolio.
• Develop IFC's 'brand' in in Digital Finance, building on IFC's FIG and regional brands and overall communications strategy. Build up relationships with key regional stakeholders across the sector, including sponsors, investors, regulators, donors and NGOs.
• Maintain strong relationships with TMT, Regional/Industry Directors, Country Managers and FIG Managers to ensure the strategy is well aligned and quality deals are originated, processed supervised efficiently.
• Ensure FIG's global knowledge and experience in Digital Finance is disseminated throughout FIG in all regions and IFC more broadly.
• Foster strong relationships with World Bank Group counterparts to identify areas of collaboration and identify opportunities to enhance business delivery and impact Region.in the inclusion space.

Selection Criteria

• Master's degree in finance, economics or other related areas; accreditation as a CFA or CPA is considered a plus.
• Minimum 12 years of experience and strong operational banking experience and significant exposure and understanding of the use and implementation of alternative delivery channels by banks and financial institutions/intermediaries.
• Significant financial markets sector transaction experience with proven success in developing client relationships and processing quality investments in difficult environments.
• Ability to work in the matrix as an integral part of the global department, deliver high quality work within tight deadlines and to meet team objectives.
• Strong sense of service to clients and demonstrated business development aptitude.
• Excellent people management skills and openness to feedback; new ideas and ability to guide staff to solutions to problems.
• Good 'deal sense' based on demonstrated strong analytical skills and sound business judgment with strong transactional experience.
• Ability to develop innovative solutions and challenge the status quo to build the business.
• Recognized as a team player, leader and strategic thinker.
• Knowledge and Experience in International Economic Development Arena.
• 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.