Syndications Analyst (Managed Co-Lending Portfolio Program)

Job #:
req30287
Organization:
IFC
Sector:
Treasury
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:
11/20/2024 (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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.

The Syndicated Loans and Management Department (CSL") is responsible for raising external funds for IFC’s borrowers from banks through the B Loan program, from Development Financial Institutions (DFIs") and other parallel lenders, and from institutional investors through its Managed Co-Lending Portfolio Program (MCPP"). The department also manages the ongoing syndicated portfolio engagements with third-party investors.

CSL is currently seeking an Analyst for its Co-Investor Solutions Unit (CSLCU"), the unit responsible for the Managed Co-Lending Portfolio Programs (MCPP). MCPP is a portfolio syndications platform, through which investors can gain exposure to a diversified portfolio of senior loans to private sector borrowers in emerging markets. Since 2013, the unit has raised $16 billion from 17 investors, including from central banks, insurance companies, and asset managers. The product is adaptable to meet the varying regulatory requirements of different types of investors in varying jurisdictions. As a result, the product won an award for Innovation: New Markets and Capital" from the Financial Times in 2017 and was later showcased as an example of implementing IFC’s Creating Markets strategy. In recent years, the unit has launched two new platforms - (i) MCPP One Planet, which builds for institutional investors the world’s first cross-sectoral portfolio of EM senior loans aligned with the Paris Agreement and provides enhanced impact and ESG reporting, and (ii) MCPP FIG III, which builds upon the success of earlier MCPP FIG programs, to mobilize insurance from 14 insurers thereby allowing IFC to take higher exposures in eligible Projects. The Unit runs the operations of the existing $16 billion portfolio, as well as continues to fundraise and develop new product offerings to grow the platform.

The position will be based in Washington, D.C.

Role & Responsibilities:

Operational Management of the MCPP Portfolio

• Implementing the core governance of deploying MCPP funding into IFC originated senior loans, such as identifying all eligible deals for investors by monitoring new deal flow through IFC’s systems, calculating the size of each investor tranche utilizing the MCPP Allocation Model, and liaising daily with Syndications Officers for Q&A and response to investment teams building effective working relationships, maintaining logs of rule sets, exceptions, etc.
• Supporting relationship management with existing MCPP investors through presenting transactions, meeting requirements prescribed in investor legal agreements and facilitating Q&A between the investor and Syndication/Investment teams.
• Providing internal updates on deployment, with an ability to call out core trends, as well as where funding remains for relevant countries and sectors to help guide teams and respond to IFC financial reporting needs.
• Developing reporting tools both for existing investors and for IFC internal audiences with an ability to manage large data sets from various sources and leveraging data visualization programs. This includes enhancing existing reports/dashboards to provide insights into MCPP loan portfolios’ financial and risk parameters leveraging data visualization tools and emerging technologies.
• Liaising with COMTF (Trust Funds) and CBA departments to coordinate the disbursements, Loan Ops to resolve any operational issues, and IT in the design and implementation of automation efforts.

Supporting New MCPP Business

• Supporting the MCPP team in the development of marketing and data room materials for new prospective investors, including modeling IFC historic performance and trends in IFC senior loan origination (e.g., spreads, tenors, ratings, defaults, and recoveries), benchmarking exercises against market comps, and the development of mock portfolios.
• Supporting the launch of all new MCPP initiatives and efforts, including assisting in the preparation of training for Syndications Officers and Investment Officers, updating governance materials, and assisting with IT systems readiness etc.

Selection Criteria

Education & experience
• M.B.A. or Master’s degree in a relevant field with at least 2 years of analytical and project management experience, or an undergraduate degree with at least 4 years of relevant market experience, preferably with a leading international bank or other development finance institution covering emerging markets.

Finance & Technology skills
• Strong understanding of financial concepts (e.g. debt financing, pricing, credit ratings, cash flow analysis, weighted average maturity, interest rate spreads, etc).
• Ability to track the progress of large amounts of deals in multiple investor portfolios across regions and industry groups, with a strong attention to detail and ability to organize.
• Proven experience in IT projects for reports automation.
• Proven experience in creating high quality power-point decks for new business support and internal management discussions with strong MS PowerPoint and MS Word skills.
• General understanding of IFC’s Loan Syndications processes, procedures, and products.
• General understanding of IFC’s Investment Project lifecycle and financing terms related to senior loans, including iDesk/iPortal interfaces.
• General understanding of IFC’s MCPP Program, including its various product iterations (Trust Loans, B2 Loans, Credit Insurance, Unfunded Risk Participations) is a plus.
• Experience with IFC’s IT and loan operations systems is a plus.

Data Analytics skills
• Advanced MS Excel and financial modeling skills (i.e., above and beyond V-Lookup and Pivot tables) with demonstrated experience in:
• Handling large datasets (e.g. sourcing, structuring, and updating) from various internal an