Manager – Corporate Governance

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Description

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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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.

The Institutional Risk and Governance Department (CRG), under the IFC Legal, Institutional Risk and Governance Vice-Presidency (CLSVPU), is responsible for setting business standards and providing advice and guidance to the IFC Board, Management, and business teams in relation to certain non-financial business risks that may arise in IFC investments, advisory work and corporate functions. These areas include:

• managing integrity/know your customer risks such as corruption, fraud and economic sanctions risks; conducting anti-money laundering and combating financing of terrorism (AML/CFT) due diligence; and promoting tax good governance,
• advising on risks around IFC’s management of operational conflicts of interest (COI), corporate confidentiality obligations and commercially sensitive data, data access governance and data privacy; cyber and other business technology risks facing IFC; advising on IFC’s market conduct, mobilization, and treasury activities; handling of material non-public information; investment advisor standards; and aspects of IFC’s privileges and immunities, 
• corporate governance risks in IFC’s investment operations and investee companies, with associated knowledge development and client capacity building, and 
• the management of IFC’s nominee director program where IFC appoints directors to boards of investee companies where it holds equity positions. 

Within the CRG Department, the role of the Corporate Governance (CG) Manager will be to lead and manage a team of about 20 staff,  strengthen the delivery of the CG Team’s investment support, knowledge management (KM) and advisory services across emerging markets and developing economies (EMDEs). The successful candidate for this position will play a vital role in leading this technical group and will be expected to have educational qualifications in a relevant discipline, a strong professional background, a track record and an interest in corporate governance, as well as familiarity with IFC’s approach to corporate governance in EMDEs.  The position is based in IFC Headquarters in Washington, DC and reports to Director, CRG. 

Duties and Accountabilities 

Risk Management, Investment Support and Corporate Contributions: 

• Manage the Corporate Governance group, a global team of CG experts, including setting the group’s strategy, budget planning and staffing, recruiting and retaining CG talent, developing junior professionals and overseeing CG investment, advisory and knowledge operations.
• Lead the CG Team in supporting investment operations, including overseeing CG participation in client appraisal and portfolio operations and constant improvement of IFC’s CG Methodology and IFC’s approach to CG due diligence investments in all IFC projects.
• Position the CG Team as a center of excellence, supporting teams such as ESG Advisory Services (providing strategic advice and quality assurance), the Nominee Director Center, Treasury, Investor Relations, Climate Business, Corporate Business Risk, and Legal on project-specific and programmatic matters.
• Act as a trusted adviser to IFC Senior Management on CG-related issues. 
• Lead the development and manage IT-based solutions (e.g., ESG360, MALENA) to facilitate CG risk management and operations.
• Collaborate with other business units within CLSVPU, particularly in the CRG Department, to identify opportunities to improve risk management and enhance value addition in supporting IFC clients.

Knowledge Leadership and Standard Setting

• Act as a guardian of the Corporate Governance Methodology (CGM) and related implementation tools, which provide a framework for analyzing and advancing corporate governance practices in EMDEs.
• Support global coordination of ESG and CG-related standards and represent IFC represent IFC in global CG forums (e.g., CG Development Framework, OECD Corporate Governance Principles, World Bank SOE CG Toolkit, International Corporate Governance Network). 
• Lead the development of external knowledge products such as publications and tools to support investment and advisory clients, and the broader market in enhancing CG practices, focusing on the latest EMDE needs. 
• Develop and maintain partnerships to increase the reach of the CGM and IFC CG knowledge products and tools (e.g., Climate Governance Initiative, UN Sustainable Stock Exchange Initiative).
• Work closely and collaborate with other IFC business units to identify opportunities to develop knowledge products where CG can be a lever to deliver better outcomes on issues such as E&S risk management, climate, responsible tax, and gender.
• Design, fundraise, and manage global CG advisory and knowledge development projects, to support regional and global clients and counterparts.

Selection Criteria

• A graduate degree in law, accounting, business, corporate governance or other CG-related discipline
• 10 years of relevant experience in corporate governance and investment due diligence, preferably in a financial institution. Strong professional background and client facing experience assessing and improving corporate governance in EMDE firms. 
• Exhibit excellent leadership and people management skills, particularly demonstrated in a complex organizational setting with responsibilities for leading and managing large, diverse, and highly technical projects and functions. 
• Strong track record in providing intellectual leadership, managing, building talent and motivating staff across different locations, becoming a strong mentor and growing businesses, leading by example.
• Proven ability to work in a collaborative environment with team members and other colleagues across organizational boundaries.
• Strong communication skills, courage of convictions, and the ability represent IFC and CRG in global and regional CG fora.
• Demonstrate a clear understanding of and experience in the operation of IFC markets, including those in FCS and IDA countries.
• Impeccable ethics and integrity.
• Dedication to IFC’s mission and mandate, and demonstrated commitment to IFC’s core values, including excellence, mutual respect, collegiality, teamwork, diversity and inclusiveness, integrity, innovation, transparency and accountability.
• Meet World Bank Group-wide managerial selection criteria, including courage of your convictions, leading the team for impact, influencing across boundaries, fostering openness to new ideas, and building talent for the future.

Source: https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=28916&site=1

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