World Bank
IFC Global Internship Program (26) - Regional FIG Investment Internship
This job is now closed
Job Description
- Req#: req26050
IFC Global Internship Program (26) - Regional FIG Investment Internship
Job #: req26050 Organization: IFC Sector: Other Grade: UC Term Duration: 0 years 5 months Recruitment Type: Local Recruitment Location: Washington, DC,United States; Mexico City, Mexico Required Language(s): English Preferred Language(s): Spanish Closing Date: 2/25/2024 (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 in developing countries. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org .
IFC’s regional FIG department is seeking an intern as part of our Global Internship Program (GIP). The Global Internship Program (GIP) offers highly motivated individuals an opportunity to be exposed to the mission and work of IFC and the broader World Bank Group and become part of the largest private sector development institution in the world. The program encourages individuals to bring new perspectives and innovative ideas to IFC’s work, while improving skills in a diverse and highly stimulating environment. Moreover, the Global Internship Program provides a unique opportunity to exchange ideas and network with international professionals dedicated to ending extreme poverty and boosting prosperity in the developing world.
Duties and Accountabilities:• Analyze operational and financial performance as well as credit and integrity risks of potential clients and projects. Present recommendations to the business development team on whether to pursue a straightforward deal and alternatives for structuring it.
• Collect financial and operational information from clients, research pricing information, and research policies, and procedures.
• Build financial models, perform due diligence and financial analysis, and/or provide quality control over financial analysis and projections developed by an analyst to evaluate the benefits and risks of straightforward transactions.
• Ensure adequate and systematic capture of project, sector, and country benchmarking information to capture lessons learned and support decision-making in future transactions.
• Draft memos and concept notes for repeat business.
• Engage with mid-level clients on straightforward projects to understand their business directions and challenges that may lead to new opportunities, and support the design of client engagement plans, as applicable.
• Perform credit and risk assessments, financial projections, covenant compliance reviews (debt), and monitor changes to risk flags for determining performance assigned to a portfolio, with limited supervision.
• Prepare investment committee or advisory committee materials for straightforward transactions, ensuring adequate applicability of IFC’s policies and procedures.
• Prepare quarterly portfolio reports that include analysis of trends over time, key issues, and areas of potential concern.
• Structure straightforward transactions to add value to clients and mitigate risks, taking into consideration lessons learned from earlier transactions and portfolio management.
Selection Criteria
• Candidates must be currently enrolled in a Master’s degree level program.
• Preferred field of study: Masters in Business Administration (MBA); Finance; Economics; Accounting
• 2-3 years of previous work experience
• Fluency in English is desired.
Please refrain from submitting more than three applications to our internship program otherwise your candidacy may be disqualified and rescinded.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.
About the company
The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.