Senior Banking Sector Specialist

The World Bank; Johannesburg; On-site; USD 80 000 - 150 000; Full time

Job summary

An established industry player seeks a Banking Specialist to enhance its banking expertise in Johannesburg. This role involves supporting investment appraisals, client capacity building, and knowledge dissemination across African markets. The ideal candidate will possess extensive operational banking experience, particularly in credit risk management and SME banking. The position offers a unique opportunity to contribute to sustainable development in emerging markets while collaborating with regional teams and mentoring junior staff. This dynamic role promises significant travel and the chance to make a meaningful impact in the private sector.

Benefits

Retirement Benefits

Health Insurance

Paid Leave

Accommodations for Disabilities

Qualifications

• 20+ years of experience in private sector banking in Africa.
• Expertise in credit and risk management, consumer banking, and SME.

Responsibilities

• Support regional strategy implementation and business targets.
• Assist in business development and portfolio monitoring.
• Mentor junior staff and contribute to industry training.

Skills

Credit Risk Management

SME Banking

Data Analytics

Financial Institution Due Diligence

Business Development

Leadership Skills

Education

Master’s Degree in Finance or Business

Job description

Job # : req28212
Organization : IFC
Sector : Investment
Grade : GG
Term Duration : 3 years 0 months
Recruitment Type : International Recruitment
Location : Johannesburg, South Africa
Required Language(s) : English and French
Preferred Language(s) : Spanish
Closing Date : 7 / 23 / 2024 (MM / DD / YYYY) at 11:59 pm 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 over 100 countries, leveraging capital, expertise, and influence to create markets and opportunities. Our mission is to use the private sector to end extreme poverty and promote shared prosperity sustainably.

Our strategy emphasizes investment in Low Income Countries (LICs) and Fragile and Conflict-affected States (FCS), aiming to foster private investments in riskier markets by proactively engaging in these regions. The Financial Institutions Group (FIG) manages about 40% of IFC’s business, focusing on increasing financial access, scaling sustainability and climate finance, and enhancing financial system resilience.

IFC aims to hire a Banking Specialist to enhance its banking expertise within the FIG Global Industry Unit. The role, based in Johannesburg but potentially global in scope, involves supporting investment appraisals, client capacity building, and knowledge dissemination. The ideal candidate will have extensive operational banking experience across African countries, including credit risk management, SME banking, data analytics, and financial institution due diligence.

The Banking Specialist will report to the Chief Banking Specialist and work closely with regional managers to implement strategies, support business development, and mentor junior staff. The role requires significant travel and a proven track record in private sector banking at senior levels.

Role & Responsibilities :

• Support regional FIG strategy implementation and business targets through appraisals and strategic planning.
• Assist in business development and portfolio monitoring to ensure high performance and compliance.
• Share industry knowledge and lessons learned across regions and contribute to global knowledge resources.
• Contribute to industry training and mentor junior staff.
• Support investment quality and risk management processes.

Selection Criteria

• Master’s degree or equivalent in finance or business.
• At least 20 years of relevant private sector banking experience in Africa.
• Senior management experience with decision-making influence.
• Expertise in credit and risk management, consumer banking, SME, asset/liability management, and data analytics.
• Experience with financial institution and fintech due diligence.
• Fluency in English and French; Spanish is a plus.
• Strong relationship management, business development, and leadership skills.
• High ethical standards and ability to work collaboratively in a matrix organization.

Qualified candidates should submit a cover letter and resume (up to four pages), highlighting their suitability for the role and relevant experience.

The World Bank Group offers comprehensive benefits, including retirement, insurance, paid leave, and accommodations for individuals with disabilities.