Job description
Environmental Analyst
Job #:
req19025
Organization:
IFC
Sector:
Environment
Grade:
GE
Term Duration:
3 years 0 months
Recruitment Type:
Local Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Closing Date:
9/23/2022 (MM/DD/YYYY) at 11:59pm UTC
Description
IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.
IFC is a recognized leader in Environmental and Social Sustainability. Our Performance Standards are widely regarded as a leading global benchmark for the private sector in emerging markets.
This is an exciting opportunity to join a high-performing senior team tasked with working in an impactful environment and social oversight department. The Environmental & Social (E&S) Policy and Risk Department (CES) was created in July 2019 and reports directly to the CEO. Seeded with 12 seasoned staff, the department has grown to around 30 team members. CES has a mandate to enhance IFC E&S risk management and is seeking several experienced E&S Specialists to provide risk management related to IFC’s infrastructure, manufacturing, agribusiness, extractives, and services business.
CES is responsible for:
Policy: Maintaining IFC’s E&S policies, procedures and systems.
IFC is a recognized leader in Environmental and Social Sustainability. Our Performance Standards are widely regarded as a leading global benchmark for the private sector in emerging markets.
This is an exciting opportunity to join a high-performing senior team tasked with working in an impactful environment and social oversight department. The Environmental & Social (E&S) Policy and Risk Department (CES) was created in July 2019 and reports directly to the CEO. Seeded with 12 seasoned staff, the department has grown to around 30 team members. CES has a mandate to enhance IFC E&S risk management and is seeking several experienced E&S Specialists to provide risk management related to IFC’s infrastructure, manufacturing, agribusiness, extractives, and services business.
CES is responsible for:
Policy: Maintaining IFC’s E&S policies, procedures and systems.
Knowledge: Developing knowledge products training and accreditation for IFC staff.
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.
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.
While members of the CES team have a primary focus associated with one of these four tasks, it is a small team, and all team members support and contribute across all of these cross-cutting responsibilities.
CES works in close collaboration with IFC’s investment departments and the ESG Sustainability Advice and Solutions Department (CEG) 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.
CES is looking for a dynamic, motivated, and detail-oriented professional with relevant experience to support its risk function. The selected candidate will work as part of a seasoned team, guided by Principal/Chief Regional Risk Officers and supported by Associates and Analysts, and will report to the Manager, E&S Risk Management Unit.
Duties and Responsibilities:
IFC is looking for a dynamic, motivated, and detail-oriented junior professional with strong analytical, communication, interpersonal, and investment, assurance/audit, or environmental/labor/social skills (see below the 4 different areas of focus for the candidates to be selected on) to join the IFC E&S Risk Management function. The position offer suitable candidates a unique opportunity to gather unparalleled private sector environmental and social risk management experience in emerging markets, to work with IFC’s experts in the field, and to be exposed to the wider operations of the World Bank Group.
New business:
Portfolio:
While members of the CES team have a primary focus associated with one of these four tasks, it is a small team, and all team members support and contribute across all of these cross-cutting responsibilities.
CES works in close collaboration with IFC’s investment departments and the ESG Sustainability Advice and Solutions Department (CEG) 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.
CES is looking for a dynamic, motivated, and detail-oriented professional with relevant experience to support its risk function. The selected candidate will work as part of a seasoned team, guided by Principal/Chief Regional Risk Officers and supported by Associates and Analysts, and will report to the Manager, E&S Risk Management Unit.
Duties and Responsibilities:
IFC is looking for a dynamic, motivated, and detail-oriented junior professional with strong analytical, communication, interpersonal, and investment, assurance/audit, or environmental/labor/social skills (see below the 4 different areas of focus for the candidates to be selected on) to join the IFC E&S Risk Management function. The position offer suitable candidates a unique opportunity to gather unparalleled private sector environmental and social risk management experience in emerging markets, to work with IFC’s experts in the field, and to be exposed to the wider operations of the World Bank Group.
New business:
- Support CES’s risk function on new business by reviewing investment team E&S diligence and support E&S Risk Officers to undertake 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 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;
- 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.
- Cordinate 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.
- Entire portfolio analysis to identify and assess trends associated with specific risk themes, sector themes, work quality themes etc.
- Production of high-quality work products that clearly and logically frame risk mitigation.
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.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.
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