IFC Chief Credit Officer Jobs 2023 – South Africa NGO Jobs

IFC Chief Credit Officer Jobs 2023 – South Africa NGO Jobs.

IFC South Africa looking for “Chief Credit Officer”.

Applicants with a Advanced degree may apply on or before 10th November 2023.

The International Finance Corporation is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.

IFC Chief Credit Officer Jobs 2023

The IFC has published a job vacancy announcement on 31st October 2023 for qualified South Africa’s to fill in the vacant post of Chief Credit Officer to be based in Johannesburg, South Africa.

Recruiter International Finance Corporation (IFC)
Position Chief Credit Officer
Location Johannesburg, South Africa
Country South Africa
Total Vacant Post N/A
Qualification Advanced degree
Experience Required Minimum 12 years
Application Deadline 10th November 2023

Duties and Accountabilities

  • Provide objective and independent risk assessment in approving and monitoring transactions, in adherence with IFC policies, procedures, guidelines and best practices, such that investment transactions and portfolio actions contribute to IFC’s financial and development goals.
  • As a “second pair of eyes” to investment teams, s/he will be available at all stages of IFC’s investment process to discuss potential issues with teams, including sponsor, market, regulatory environment, structure of the transaction, term sheet and documentation, obligor/investee financial performance, compliance with covenants, use of de-risking tools, etc.
  • Ensure IFC’s risk appetite is clearly understood, that a proper risk-reward balance is achieved in transactions, and the quality of IFC’s portfolio is maintained.
  • Approve the initial credit risk rating and facility rating for new transactions and review sample portfolio ratings on an ongoing basis.
  • Be a recognized thought leader and provide expert input to and identify vulnerabilities associated with all approved transactions, as well as waivers and conditions.
  • For the geography and sector of responsibility, keep abreast of portfolio trends, participate in quarterly portfolio meetings / equity reviews, ensure Credit Watchlists are up to date and credit and facility ratings are updated adequately to reflect risks.
  • Visit transaction teams and/or clients in key office locations to get a first-hand understanding of key risks and to keep abreast of market developments in relevant sectors and countries.
  • Contribute to knowledge management activities through drafting of Credit FAQs, actively supporting training programs, or similar activities.
  • Participate in reviews and discussions of credit and equity standards, pricing, deal acceptance criteria, and business process improvement. Represent CIR on different working groups and corporate initiatives at the request of the RCRO or CIR Director.
  • Provide back-up for other Chief Credit Officers and participate actively in departmental discussions of investment opportunities and challenges.
  • Mentor junior staff.
  • Advise the CIR Director and RCRO and Senior Management on relevant transaction or portfolio developments which could adversely affect IFC’s asset quality, developmental impact, or future performance.

Selection Criteria

  • Advanced degree (at least Masters) in finance, business, law, economics, international affairs, or similar fields.
  • At least 12-15 years of experience working for a major international financial institution with substantial exposure to both MAS and INR subsectors, including at least 2-5 years of experience in a credit risk-related function.
  • Sound understanding of global and regional macroeconomic and geopolitical trends, knowledge and experience working in African and MCT markets desirable.
  • Experience in analyzing and structuring debt, equity, mezzanine, and structured products, including both large scale project finance transactions, as well as corporate financing.
  • Superior business judgement, independent thinker with highest standards of integrity.
  • Ability to work collaboratively with superior influencing and interpersonal skills, demonstrating the capacity to deliver results under stressful timetables and environment.
  • Excellent negotiation skills and ability to seek innovative and constructive solutions to support IFC in achieving its financial and development goals.
  • Capacity to manage and resolve conflicts constructively when stakes are high, and multiple stakeholders are involved, taking and standing by difficult decisions, while communicating them in a way that creates understanding and buy-in from all stakeholders.
  • Self-starter requiring minimal supervision. Strong independence of thought and ability to express candid opinions.
  • Recognized as a team player and a leader. Excellent interpersonal skills. Ability to build strong relationships across boundaries.
  • Proven ability to work effectively under a complex matrix organization and multicultural environment.

Other Details

  • Job #: req24854
  • Sector: Risk
  • Grade: GH
  • Term Duration: 3 years 0 months
  • Job Schedule: Full time
  • Selection Process: Interview
  • Salary: Negotiable
  • Application Process: Online

How to Apply IFC Chief Credit Officer Jobs 2023

Note: Before you apply, please download (link is given below) the full advertisement and read it carefully.

Then to apply, go to https://worldbankgroup.csod.com/ats/career………

The Closing Date: 10th November 2023

Only shortlisted candidates will be contacted for interviews.

Particulars Details Link
Job Advertisement Download
Official Website www.ifc.org
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