Operations Analyst - Microfinance / Banking Advisory Services, Rabat, Morocco
Closing date: Wednesday, 5 March 2014
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IFC, a member of the World Bank Group, promotes sustainable private sector investment in developing countries as a way to reduce poverty and improve people's lives. The IFC Advisory Services in the Middle East and North Africa (IFC AS in MENA) is managed from its regional headquarters in Cairo, Egypt. IFC AS in MENA has offices located throughout the MENA region, covering 20 countries from Morocco to Pakistan. Its objective is to stimulate private sector development by a) improving business enabling environments, b) helping to develop financial markets, c) strengthening the small and medium enterprise (SME) sector, and d) forging public-private partnerships. The IFC's MENA A2F program is split into 1) Banking Advisory, 2) Microfinance and 3) Financial Infrastructure sub-programs. The Banking and Microfinance Advisory programs focus on three levels of Technical Assistance (TA) activities: (a) Build capacity of Financial Institutions (Banks and Microfinance institutions) in strategy, market segmentation, credit risk management, product development through new approaches and systems to scale up their financing for MSMEs (Micro, Small and Medium Enterprises) on a sustainable basis, b) Promote sub-sector focus: women-owned MSMEs, sustainable energy MSME projects, agri MSMEs, leasing, etc, and c) Raise awareness on best practices in the MSME Finance space. Through its activities, the MENA A2F program achieves the following strategic objectives: (a) helps to develop a sustainable MSME financing sector through institution building and strengthening; (b) addresses the significant MSME finance/banking gap in the Arab world; (3) disseminates best practice MSME banking, risk management and governance skills in developing markets through training and other events; and (4) helps create employment opportunities through the resultant growth of MSMEs. IFC AS in MENA is now looking to recruit an Operations Analyst to help oversee microfinance and banking projects in MENA region, with priority given to projects in the West MENA countries. This would include, but not be limited to, managing ongoing microfinance and banking projects and developing new projects, managing relationships with existing and new clients, managing the work of outside, liaising with other IFC/WB staff including investment officers, and ensuring that projects are implemented in line with the microfinance and banking advisory programs for the MENA region as well as IFC/WB policies/procedures. Specifically, the Operations Analyst will support the Microfinance and BAS teams in all areas including:
Duties and Accountabilities
1.Assisting in managing AS projects in line with the overall microfinance and BAS program and IFC/WB policy; this entails: creating project documentation such as concept notes, approval requests, helping secure and following up on budgets, ensuring the completion of projects within allocated timeframe and budget and alerting management to any risks in meeting the project objectives;
2.Assisting in scoping missions to assess/analyze the characteristics and the dynamics of the financial sector as well as the particularities of the MF and Banking industries in different MENA countries;
3.Assisting in the assessment potential/existing clients' strategy, operations (back and front office functions), portfolio quality, control environment, and providing recommendations as necessary to help identify their needs,
4.Working with the microfinance and BAS program teams to help ramp up project activities in the MENA region;
5.Financial modeling and analysis
6.As needed, assist in the selection and monitoring of consultants, preparation of terms of reference, negotiation of fees, processing of procurement and contracts
7.Handling other ad hoc activities as needed to support the success of the A2F Program.
Selection Criteria
- Bachelor degree or equivalent in Finance, Business, Law or Economics or equivalent professional qualification;
- 4 - 7 years professional, relevant experience in advisory services and/or minimum of 3 years of corporate finance/retail banking/MSME credit experience and/or 3 years of experience in one of the big 4 audit firms
- Knowledge of the business environment, in particular Banking industry, Risk Management, MSME finance and/or Microfinance development;
- Prior work in financial sector advisory industry would be an advantage;
- Analytical mind able to analyze, collect and aggregate information from a variety of sources in order to distil and present data effectively to internal and external clients;
- Multitasking under pressure is a must.
- Strong client focus, excellent business judgement and ability to produce consistently positive results;
- Self-motivated, conscientious, and able to work independently with minimal supervision;
- Willing to travel throughout the MENA region, as needed;
- Good knowledge of MS Word, Excel, PowerPoint and Project;
- Excellent communication and writing skills in English and French, Knowledge of Arabic will be an advantage.
- Familiarity with World Bank Group/IFC systems would be an advantage
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