Job Vacancy Portfolio Manager FIG East Asia Singapore March 2021 World Bank Group
Information of Job Vacancy
Title of Job : Portfolio Manager, FIG – East Asia Company Name : World Bank Group Placement : Singapore Date : 2 days ago ---> OPEN ! Expired : No
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Job Vacancy SG 2021 World Bank Group
Here is qualifications job description that you must meet to apply Job Vacancy SG 2021 World Bank Group which opened end of this month:
Job #: req10945
Sector: Financial Sector
Term Duration: 3 years 0 months Recruitment Type: International Recruitment
Required Language(s): English
Closing Date: 3/2/2021 (MM/DD/YYYY) at 11:59pm UTC
IFCa sister organization of the World Bank and member of the 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 2020, we delivered more than US$ 22 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org. IFC has embarked on an ambitious new growth strategy (IFC 3.0) to stimulate more investment activity. This strategy calls for generating our own opportunities by proactively working “Upstream” to create, deepen, and expand markets and to imagine, design and implement investment projects. It requires taking a systematic approach to understanding the regulatory and sector bottlenecks that prevent the flow of private capital into productive investment in our member countries and addressing these bottlenecks through engagement on policy reforms and programmatic interventions at the country and sector level. This strategy also calls for working with Governments and World Bank colleagues to first seek private sector solutions to address development challengeswhere such solutions are advisable and can be effectiveand reserve public financing for projects only when other options are suboptimal. This approach is called the “Cascade”. IFC is seeking a Portfolio Manager for its Financial Institutions Group in East Asia Pacific (EAP). The position is based in Singapore. The Portfolio Manager will be responsible for overseeing the portfolio for FIG in the region. She/he will work closely with the management and colleagues from FIG. She/he will also coordinate on a continuous basis with the Country Managers, other Regional Industry units, the East Asia Pacific (EAP) FIG Leadership team, as well as other relevant Departments/Divisions within IFC, such as Special Operations (CSO), Legal, the Equity Desk, etc. She/he will have direct supervisory responsibility over the investment staff and analysts, and other staff as determined. The Portfolio Manager will report to the Regional Industry Director, FIG Asia Pacific. Duties and Accountabilities
Ensure the timeliness and quality of complex portfolio actions (such as restructuring, equity sale, loan conversion) as well as regular waivers and amendments;
In coordination with the FIG Global Equity Head and equity investment leads, contribute to the active management of the FIG equity portfolio focused on value add as well as equity sales that ensure successful exits;
Perform regular asset valuations and make recommendations on loan loss reserves and write-downs;
Coordinate as relevant with CSO on rescheduling and restructuring situations;
Ensure timely, accurate and “value added” regular monitoring and reporting on the portfolio; provide early warning for assets at risk;
Organize and lead regular loan and equity asset review meetings in coordination with the Regional Industry Director for the region;
Supervise compliance with IFC financial, environmental, legal and other requirements;
Provide quality control to compliance reporting and to portfolio transactions like rights issues, term modifications and directorship nominations;
Provide portfolio management leadership for the East Asia Pacific FIG team, in close coordination with the regional and global FIG teams;
Proactively engage with the Independent Evaluation Group (IEG) and relevant project teams on assessments of IFC’s investment portfolio.
Work closely with the FIG East Asia Pacific new business manager and teams to create value for IFC’s FIG clients in the East Asia Pacific region;
Contribute the portfolio perspective to strategy development for IFC’s FIG business in the East Asia Pacific region, in partnership with the regional and industry management and with relevant colleagues;
Contribute to Knowledge Management through relevant Lessons Learned from the portfolio and maintain feedback loops from portfolio to new business development, including Upstream;
Manage selected FIG client relationships and ensure a high level of client satisfaction;
Lead and manage the FIG portfolio team, and ensure the team is high-performing, well-motivated and committed to the success of IFC;
Staff portfolio projects with the appropriate teams from the regional and global FIG resources with the view to deploy best technical expertise and provide best possible client service, while keeping in mind career and training development needs of IFC staff;
Be part and actively contribute to the East Asia Pacific Leadership Team as well as the Global FIG Management Team.
MBA or equivalent professional qualification and a minimum of 12 to 15 years relevant work experience (at least 2 of which must have been in a managerial or leading capacity);
Familiarity with Financial sector including banking, insurance, NBFIs, and other financial players;
Experience sourcing and structuring complex investment transactions in the FIG sector with a proven track record and proven success in developing client relationships and processing quality investments;
Awareness of environmental and social sustainability issues usually associated with projects in FIG;
Strong sense of service to clients and demonstrated business development and portfolio aptitude. Proven success in developing client relationships and monitoring quality investments;
Ability to deliver high quality work within deadlines to meet team objectives;
Good “deal sense” based on demonstrated strong analytical skills and sound business judgment;
Ability to develop innovative solutions and challenges the status quo in order to build the business;
Excellent people management skills and openness to feedback; new ideas and ability to guide staff to solutions to problems;
Strong written and verbal communications skills;
Ability to work in the matrix as an integral part of the Regional Industry Department;
Ability to collaborate closely with other parts of the and other MFIs and financing institutions and banks;
Demonstrated leadership skills and strong teamwork and communications 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;
Meet Bank Group-wide managerial selection criteria including courage of your convictions, leading the team for impact, influencing across boundaries, fostering openness to new ideas, building talent for the future.
Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.
Only job candidates that satisfies to conditions above of that will be called upon to perform interviewed. For that, if you are interested and meet the job candidates Job Vacancy SG 2021 World Bank Group above, please submit your application before limit registration.
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