Local recruitment: Environmental & Social Analyst

International Finance Corporation (IFC)
Washington, DC, United States
Position Type: 
Full-Time
Organization Type: 
International Organization
Experience Level: 
Junior (3-4 Years)
Degree Required: 
Bachelor's (Or Equivalent)

EXPIRED

Please note: this job post has expired! To the best of our knowledge, this job is no longer available and this page remains here for archival purposes only.

Description

 

Do you want to build a career that is truly worthwhile? The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities where they are needed most. Visit www.ifc.org

The Environmental & Social Policy and Risk Department (CES), is a brand-new department, created in July 2019, which reports directly to the IFC CEO.  Seeded with 12 seasoned E&S staff, the department is expected to grow to around 30 by the end of the financial year.  CES is responsible for:

  1. Policy: maintaining IFC’s E&S policies, procedures and systems;
  2. Knowledge: developing knowledge products training and accreditation for IFC staff;
  3. Risk: providing E&S policy and risk oversight of the high-risk projects in IFC’s investment and advisory pipeline, and high-risk and non-performing projects in IFC’s investment portfolio;
  4. Grievance Response: providing support and training to operational teams in responding to complaints associated with IFC’s clients as well as in responding to the Compliance Advisory Ombudsman (CAO), IFC’s independent accountability mechanism.

CES works in close collaboration with IFC’s investment departments and the ESG Sustainability Advice and Solutions Department (CEG) which has 150 professionals and is housed in IFC Operations.  CES provides an independent review in the management of E&S risk and the implementation of IFC’s E&S policies and procedures.

IFC is unique among Development Finance Institutions in having this cadre of in-house environment, social and corporate governance experts. More details can be found at www.ifc.org/sustainability.  It is through this expertise that CES and CEG: (i) partner with IFC’s investment and advisory departments to manage ESG risks associated with their activities and find solutions to client issues and (ii) leverage ESG expertise and operational experience in emerging markets to maintain IFC’s leadership in sustainability through ESG standards – the Environmental and Social (E&S) Performance Standards (www.ifc.org/performancestandards) - to encourage the effective adoption of these standards by companies and investors across emerging markets. 

Duties and Accountabilities

IFC is looking for 1-3 dynamic, motivated, and detail-oriented junior professionals with strong analytical, communication, interpersonal, and investment, assurance/audit or environmental/social skills (see below the 4 different areas of focus for the candidates to be selected on) to join, support and learn from the Policy and Risk Department’s senior and seasoned team of environment and social specialists who are responsible for the Environmental and Social Risk, Policy, and Learning functions the department plays within IFC.  The positions offer suitable candidates a unique opportunity to gather unparalleled private sector environmental and social risk management experience in emerging markets, to work IFC’s experts in the field, and to be exposed to the wider operations of the World Bank Group.

Candidates will be asked to express their preference/suitability for consideration for positions that will have a greater allocation to Risk (new business/portfolio), Policy, or Learning functions but a significant degree of versatility and fungibility will be expected from all selected candidates.  Analysts will report to Principle E&S Officers and have some mentoring and oversight from Associates and Senior staff.

Key accountabilities include:

  • New business: Support CES’s risk function on new business by reviewing investment team E&S diligence and undertaking independent due diligence of IFC’s proposed investments in high E&S risk direct investment projects (e.g., in the mining, manufacturing, infrastructure, agribusiness, health, education and tourism, retail and property sectors) and/or high E&S risk investments through financial intermediaries (eg banks, private equity, and capital markets investors) to:
    • to identify environmental and social risks and any gaps in impact assessments and management plans for alignment with IFC’s Performance Standards;
    • problem solving to suggest appropriate mitigation measures, budgets and contractual alignment of interest to address risks and impacts;
    • capture and codify precedents and benchmarks across transactions (see Policy function); and
    • production of high-quality work products that clearly and logically frame and concisely communicate risks and mitigants.
  • Portfolio: Support CES’s risk function of portfolio monitoring by reviewing client reporting, investment agreements, investment team E&S monitoring reports (and supporting documentation) and performing independent analysis of IFC’s portfolio to:
    • maintain a WatchList of high risk, non-performing or complaint generating projects;
    • coordinate with CEG staff to build a clear picture of the issues and associated with each WatchList client and review recovery action plans proposed by the investment team for agreement with the client;
    • perform assurance/audit reviews of IFC diligence and monitoring work quality on selected projects;
    • review waiver, disbursement and exit requests associated with WatchList clients;
    • entire portfolio analysis to identify and assess trends associated with specific risk themes, sector themes, work quality themes etc; and
    • production of high-quality work products that clearly and logically frame risk mitigation.
  • Policy: Support CES’s policy function in reviewing and updating policy documents and developing guidance and procedures based on lessons learned in the new business, risk and grievance response functions:
    • capturing and codifying limitations, constraints and case study experiences that reflect opportunities for future policy improvements;
    • benchmarking and analysis of other equivalent institutional policies;
    • proposing, socializing and consulting on potential changes to policies and coordinating such consultations;
    • coordinating and engaging with stakeholders and networks that use IFC policies (Equator Principles, OECD) or that have similar policies and associated challenges and experiences (Multilateral Banks);
    • developing, maintaining, disseminating, publicizing and engaging stakeholders on guidance and good practice materials associate with IFC’s policies in coordination with CEG; and
    • production of high-quality work products that clearly and logically frame risk mitigation.
  • Learning: Support CES’s learning function (in coordination with CEG) in developing and delivering E&S learning across the corporation to Investment and Operations staff and professional learning and accreditation to E&S staff:
    • developing e-learning and self-learning programs for required completion by all staff and inclusion in pre-requisite corporate on-boarding training programs;
    • developing an in person learning program for all IFC staff for regional roll-out over the course of 2020-2021;
    • coordination with CEG on ongoing required training (“Core Curriculum”
    • developing and implementing a strategy for initial and continuous accreditation of E&S staff

Selection Criteria

  • Undergraduate degree in relevant discipline (e.g. environmental management, science, social sciences, engineering or other related discipline).
  • Minimum of three years private sector work experience, including or associated with the assessment and management of environmental and/or social impacts in a consultancy, industrial or commercial role and with other relevant experience in consideration to the specific areas of accountability described above.
  • Knowledge of international good practice for private sector management of E&S risks, including IFC Sustainability Framework and supporting documents such as Guidance Notes, EHS Guidelines a plus.
  • Ability to synthesize and analyze diverse E&S related data (both qualitative and quantitative) and information from a range of sources.
  • Strong quantitative analytical skills, extensive experience and comfort with Excel, ability to analyze data for trends and produce a range of supporting graphics to illustrate.
  • Clear thinking with ability to synthesize a wide range of issues, and succinctly communicate (verbally and in writing) the key concerns and proposed solutions.
  • Good team player with strong interpersonal skills, including the ability to work as a member of a multi-disciplinary and multi-cultural team, work effectively in and influence a team, and network effectively across boundaries.
  • Ability to travel regularly to and work effectively in IFC client countries is essential.
  • Familiarity with IFC/World Bank operations, procedures, and culture will be advantageous.

IFC recruits Environment & Social analysts globally on three-year term contracts extendable to a maximum of five years.  Upon completion of their contracts, analysts typically leave to pursue a graduate degree or additional work experience, while a select number are promoted to Associate specialist positions.