The IFC Young Professionals Program (IFC YPP) is the successor to the Global Transaction Team Program (GTT Program). The IFC YPP is a unique opportunity for you to contribute, collaborate and succeed with a global career as an investment professional focusing on the private sector in developing countries. You will join as Associate Investment Officers or Investment Officers, depending on your level of experience – and will be responsible for identifying, structuring, executing and monitoring IFC’s engagements and investments (loan, equity and other) – and build your expertise through assignments across the globe, closer to our clients. IFC’s approach is to combine rigorous analysis, innovative solutions and a focus on financial sustainability and positive development impact.
We are looking for current students or recent graduates of MBA or Master’s degree programs with strong financial skills, professional achievement, leadership potential and a commitment to development.
Program Features and Career Path
The IFC YPP is structured as a three year program after which your will graduate to a post YPP career. The program is structured to provide you with a solid understanding of IFC’s (and more broadly World Bank Group) business and strategy, a global network, and regional experience in one of IFC’s industry groups (which includes Financial Institutions Group; Infrastructure and Natural Resources; Manufacturing, Agribusiness and Services; and TMT, Venture Capital & Funds and Advisory) You will receive offers directly from departments for a position in one of IFC’s offices, regional hubs, or at headquarter.
Join Cohort with Other World Bank Group Young Professionals
IFC Young Professionals (IFC YPs) join IFC in September of each year and form a joint Young Professionals cohort with other World Bank Group Young Professionals (the World Bank Young Professionals and MIGA Young Professionals) – the WBG YP Cohort. Upon joining, you will spend 4 to 6 weeks in Washington to learn about the WBG, and attend various training and networking events. The WBG YP Cohort will enable you to forge career-long networks across the WBG institutions and a greater understanding of each institutions’ products and operations, resulting in greater leverage and efficient delivery of WBG products and services to our clients.
As an IFC YP you will also participate in a week-long IFC-specific induction, where you will learn about our products and operations and interact with IFC Senior Management & staff. Upon completion of the IFC induction, you will enroll in a 4 – 5 week residential Investment & Credit training course (CTC). The CTC is one of a series of training courses that make up the mandatory learning curriculum for IFC Investment Officers, which participants are required to complete in order to graduate from the IFC YPP. Upon completion of the induction programs and the CTC, you will report back to your home duty stations and immediately begin working with project teams and clients.
Mandatory Rotation
During the 3 year program, IFC YPs are required to participate in a 6-12 month rotation to give participants a broader and/or more global view of IFC’s business. Types of rotations include: (i) Regional Rotation (different region within the same industry); (ii) Industry or Functional Rotation (different industry or functional role within the same region); and (iii) both a Regional and an Industry or Functional Rotation. On completion of the rotation, participants return to their home duty station. For the purpose of the Mandatory Rotation, participants are expected to be geographically flexible and interested and able to relocate as business needs require.
Role of an Investmant Officer
You will be part of a multi-disciplinary team focused on identifying investment opportunities, executing transactions and actively managing portfolio projects. In this role, your objective will be to maximize the impact of IFC’s intervention and contribute to the development of our countries of operation by executing innovative, developmental, and profitable investments for IFC.
Responsibilities
- Analyze operational and financial performance of potential client companies to identify opportunities, address risks and recommend investment options
- Evaluate the benefits and risks of new transactions and develop innovative and appropriate financial structures
- Participate in negotiations
- Supervise project implementation, including disbursements
- Build and maintain strong relationships with clients and other stakeholders
- Coordinate closely with social, environmental, and technical assistance colleagues to add value to our clients’ businesses and achieve sustainable development impact
Eligibility
IFC is looking to recruit two levels of investment officers through the Young Professionals Program:
- Associate Investment Officer (AIO) – 3 to 5 years of prior relevant work experience (investment banking, project finance, private equity, corporate finance, portfolio management, or financial consulting); and
- Investment Officer (IO) – 5 to 8 of prior relevant work experience.
Successful applicants will be notified of their placement as an AIO or IO after the interview process, based on the assessment of their skills and experience.
Other Requirements
- Current students or recent graduates of MBA or similar
- Strong analytical and credit assessment skills, as well as solid understanding of accounting and financial statement analysis
- Knowledge of relevant industry sector trends, sound business judgment and problem solving, negotiation and commercial skills
- Ability to develop new business and effectively focus on client needs
- Enthusiasm for working in multi-cultural teams and across borders, preferably with experience working in developing countries
- Excellent verbal and written communication skills in English; fluency in other languages (Arabic, Chinese, French,
- Portuguese, Spanish or Russian) preferred
- Willingness to travel extensively and geographic flexibility
Application and Selection Process
Applications for the IFC YPP program are accepted annually. The online application is open from mid-August to early October each year. Interviews usually take place in October/November, and offers are typically made in late December or early January. IFC YPP participants join IFC in September each year.
For mare information on application please click on the "Further official information" link below.
This opportunity has expired. It was originally published here:
http://www.ifc.org/wps/wcm/connect/careers_ext_content/ifc_external_corporate_site/ifc+careers/recruitment+programs/ifc+young+professionals+program