Resident Representative

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. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity.

IFC is looking to recruit a Resident Representative for a new office in Angola. This position is based in Luanda and reports to the Country Manager based in Mozambique.

The Resident Representative will lead business development for investment and advisory services. S/he will support sector teams in executing transactions and managing portfolio projects. S/he will establish and maintain strong relationships with business partners and high-level representatives of the Angolan government, as well as with governmental and non-governmental organizations, to maximize the impact of IFC’s intervention and to contribute to the overall development of the country and its industries.

Roles:

• Develop and manage relationships with donor agencies, other International Financial Institutions and IFC’s partners in Angola;
• Work with various stakeholders in Angola and coordinate with other colleagues within the World Bank Group to deepen IFC’s presence in Angola;
• Build and maintain strong relationships with clients, global and regional businesses, banking and multilateral partners, to further develop specific investment and advisory opportunities with high development impact;
• Lead the coordination with World Bank Group institutions and, contribute to the design and implementation of the Joint Implementation Plans (JIPs) and other forms of proactive collaboration to enhance business delivery at the country level;
• Foster strong relationships to identify opportunities for knowledge transfer among the WBG institutions to the benefit of the clients;
• Manage the office, budget and staff based in the Angola office.

Duties and Accountabilities:

• Oversee all IFC’s investment and advisory activities in Angola;
• In conjunction with the country manager and in collaboration with the World Bank, develop and implement a strategy for IFC’s Investment and Advisory activities in all streams with a focus on the key areas as per the regional strategy;
• Coordinate the development of a client engagement strategy for key clients existing or targeted;
• Establish, develop and maintain IFC’s relationships with the government of Angola, both at the working and ministerial levels and represent IFC at key government and multilateral functions;
• Work across all the sectors especially energy, financial sector, transport and logistics, ICT, education and agribusiness to complete sponsor checks and due diligence, support IFC’s project development activities, provide support during transaction execution and portfolio management;
• Develop a strong pipeline of investment opportunities based on market trends and sector/country knowledge and provide innovative and flexible financial structures for complex transactions;
• Share accountability for the quality and performance of the country portfolio; work jointly with the country manager to meet scorecard targets;
• Facilitate advisory services project identification and design as well as client and partner engagement strategies;
• Set standards for thoroughness in quality control and make recommendations to strengthen transactions;
• Coordinate closely with social, environmental and technical assistance colleagues to add value to clients’ businesses;
• Propose pragmatic solutions to specific industry challenges to achieve sustainable development impact;
• Maintain a good working knowledge of current investment and advisory operations in Angola and respond to queries from HQ management and staff;
• Facilitate and provided guidance to visiting missions;
• Oversee the office administration and ensure that the facilities are maintained in good working order to sustain business activities;
• Manage the administration staff in the office.

Selection Criteria

• MBA with 12+ years of experience or equivalent combination of education and experience;
• Ability to work in the matrix environment as an integral part of the Regional Department, meet objectives and deliver high quality work within deadlines;
• Proven track record in screening and assessing investment opportunities for IFC;
• Strong experience in building and maintaining very strong and successful relationships at the highest level of government and private sector;
• Significant experience in areas of expertise, and sound understanding of business issues and experience with full range of IFC products and services;
• Significant Investment/Advisory sector transaction experience with proven success in developing client relationships and processing quality investments;
• Proven ability to effectively plan, direct, organize and administer diverse activities to ensure effective delivery of work program;
• Demonstrated leadership skills, strong team work and communications skills in a highly diverse, virtual environment;
• Ability to plan and manage staff to achieve high quality results and encourage innovation in an open team-based environment, inspiring trust and influencing and resolving differences across organizational boundaries;
• Excellent people management skills and openness to feedback and new ideas;
• Strong written and verbal communications skills in both English and Portuguese.

The World Bank Group values diversity and encourages all qualified candidates who are nationals of World Bank Group member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.  Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.