IFC—a member of the World Bank Group—is the largest globaldevelopment institution focused on the private sector in emerging markets. Wework in more than 100 countries, using our capital, expertise, and influence tocreate markets and opportunities in developing countries. In fiscal year 2022,IFC committed a record $32.8 billion to private companies and financialinstitutions in developing countries, leveraging the power of the privatesector to end extreme poverty and boost shared prosperity as economies grapplewith the impacts of global compounding crises. For more information, visit .
The Trade and Supply ChainDepartment is one of the industry groups at IFC, with both investment andadvisory services delivered to IFC’s clients through IFC’s global network. IFC'spriorities in Trade are: (i) grow investment and advisory solutions in allregions it operates in, while achieving strong profitability and developmentimpact (ii) build new and nurture existing client relationships to make IFC thepreferred partner for key clients (iii) manage portfolio of assets for strongprofitability and impact; (iv) support local companies, while improvingtransparency and corporate governance; (v) catalyze foreign investment,including mobilizing B loans, parallel loans, and other forms of capitalmobilization; (vi) introduce and develop new financial solutions, products andplatforms; (vii) build long-term partnerships with strong regional players;(viii) develop client, sector and country-level solutions through interventionsthat can be scaled and replicated; and (ix) be a thought leader and innovatorof products and client solutions globally.
Global trade is an engine ofgrowth that creates jobs, reduces poverty, and increases economicopportunities. It is a key driver of integration and opportunities for localenterprises in emerging markets and developing countries. Financing trade isfundamental to the movement of goods at all stages of the supply chain and canhave a strong development impact in developing countries. IFC’s trade financeprograms offer guarantees, risk-sharing facilities, loans, and other structuredproducts to support trade in emerging markets. Through these various products,IFC has supported more than 400 financial institutions and thousands ofunderlying companies in more than 100 countries across all regions of theglobe. To date, IFC’s Trade and Supply Chain Finance has supported over $200billion in global trade, all of which is directly linked to the movement ofspecific goods across emerging market borders.
IFC is seeking an Extended TermConsultant (ETC) to cover IFC trade activities globally with a focus on Africabased in Lagos. The ETC will work on deals execution under GTFP by connectinglocal banks with global trade finance markets. The ETC will report to theRegional Lead, Trade and Supply Chain Finance, work under the supervision ofthe Resident Trade Officer and will be a member of the Global Trade team whichhas its staff based in Washington DC and across IFC regions.
The ETC is expected to:
• Apply a thorough knowledge of trade finance, financial markets, emerging markets, and mobilization as well as sector and country risks and how to manage those risks.
• Under the supervision of the Regional Lead and Trade Officers, originate and execute trade finance transactions with Issuing Banks under IFC’s Global Trade Finance Program (GTFP) by connecting with regional and global GTFP Confirming Banks;
• Monitor trade lines and ensure that transactions are consistent with all corporate guidelines, including the trade operational guidelines;
• Monitor and execute daily trade finance transactions in the region, facilitate timely processing of amendments and cancellations by working closely with the GTFP Operations team;
• Maintain contacts with GTFP Issuing Banks and stay abreast of market development to manage risks in the portfolio;
• Track program activities by using IFC’s corporate systems and prepare reports as needed;
• Monitor GTFP billing follow up with clients on timely payments as well as and any Trade Survey quest;
• Contribute to trade appraisals by analyzing the potential banks’ trade finance operations, trade finance track record, risk control framework, trade booking systems, processes and procedures, skill sets of trade processing staff, and identify any advisory needs.
• Contribute to business development, regional coordination, and processing of trade finance projects from origination, due diligence, structuring, negotiations, approval process, documentation execution, and management of portfolio by collaborating with FIG regional colleagues.
• Support all other tasks requested by the Regional Lead for existing or pipeline of the trade finance programs.
• Minimum 4-8 years of experience in trade finance with a local/international commercial bank or international organization.
• Advanced degree or equivalent professional qualification in Business Administration, Finance, Economics or the related field is required.
• Excellent knowledge of commercial banking products and services, experience in correspondent banking relationships and international trade and good knowledge of the relevant products.
• Strong financial and credit skills along with analytical ability.
• Strong teamwork, organizational, negotiation, and marketing skills.
• Strong interpersonal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds; and
• Ability to interact directly and independently with management of potential clients.
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