Environmental and Social Development Specialist

IFC - International Finance Corporation (World Bank Group) IFC Sector: Environment Grade: GF Term Duration:&nbsp 3 years 0 months Recruitment Type: Local Recruitment Location: Mumbai,India Required Language(s): English Preferred Language(s): Hindi Closing Date: 8/19/2024 (MM/DD/YYYY) at 11:59pm UTC Description IFC—a member of the World Bank Group (WBG)—is the largest global development institution focused on the private sector in emerging markets and developing countries. We work in more than 100 countries, using our capital, expertise, and knowledge to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to create a world free of poverty on a livable planet. For more information, visit www.ifc.org. IFC is seeking a dynamic, motivated Environmental &amp Social (E&ampS) Specialist with strong communication, interpersonal, and analytical skills to support its Financial Intermediary (FI)-related business in the South-Asia region. This professional will provide E&ampS guidance to clients and investment and advisory teams on E&ampS matters vis-à-vis IFC Performance Standards (PS) and Sustainability Policy, with the aim of promoting compliance and enhancing the impact and additionality of IFC-supported business activities. The position will report to the ESG Regional Manager for the South-Asia region. Roles and Responsibilities •&nbsp Lead or contribute to the review of E&ampS issues and risks in new investments and select advisory engagements in the Financial Intermediary sector (including Banks, Funds, NBFIs, and Micro Finance Institutions) •&nbsp In Financial Intermediaries work on IFC investments throughout the project cycle covering early review, appraisal, public disclosure, board review &amp approval, commitment &amp disbursement, and project supervision and delivering fully drafted project-related internal and external reports •&nbsp Lead or contribute to the identification and development of E&ampS risk mitigation measures and value-add solutions that support clients in addressing identified issues •&nbsp Perform analyses on the development and implementation of clients’ Environmental and Social Management Systems (ESMS) •&nbsp Support formulation of E&ampS legal conditions for IFC projects •&nbsp Monitor portfolio clients and engage with these clients and investment departments to achieve E&ampS compliance, documenting and communicating any gaps in client performance vs IFC requirements, and related risks and opportunities •&nbsp Support industry teams and clients in response to Compliance Advisor Ombudsman (CAO) and Independent Evaluation Group (IEG) requests where needed •&nbsp Support analyzing and reporting internally portfolio data, and missing information and support follow-up on pending issues •&nbsp Support client E&ampS capacity-building Selection Criteria •&nbsp Advanced degree (Masters) in science, engineering, or other relevant disciplines •&nbsp Minimum of 4-8 years of professional experience working on E&ampS management, monitoring and/or due diligence, with a preference for financial sector experience in the South-Asia region •&nbsp Experience working with IFC/World Bank/E&ampS Policies and Standards specifically IFC Performance Standards&nbsp •&nbsp Willingness to travel regularly •&nbsp Strong analytical skills, ability to think strategically, analyze and summarize diverse sources, and draw conclusions from limited data •&nbsp Ability to manage multiple tasks simultaneously under tight deadlines •&nbsp Demonstrated ability to adapt to changing circumstances, organize and prioritize deliverables, and maintain attention to detail •&nbsp Ability to communicate effectively and concisely on complex E&ampS issues in spoken and written form •&nbsp Proficiency in English is essential, with Hindi as an advantage&nbsp • Ability to work effectively as a member of a multi-disciplinary, multi-cultural team, influence and negotiate point of view within teams •&nbsp High personal integrity and emotional intelligence, with the ability to handle sensitive matters in a discreet and respectful manner, respond diplomatically, and remain calm under pressure&nbsp 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&nbspWorld Bank&nbspand&nbspIFC, including our values and inspiring stories. We do our best to provide you the most accurate info, but closing dates may be wrong on our site. Please check on the recruiting organization's page for the exact info. Candidates are responsible for complying with deadlines and are encouraged to submit applications well ahead. Before applying, please make sure that you have read the requirements for the position and that you qualify. Applications from non-qualifying applicants will most likely be discarded by the recruiting manager. 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