IFC a member of the World Bank Group is the largestglobal development institution focused on the private sector in emergingmarkets.
We work in more than 100 countries, using our capital, expertise, andinfluence to create markets and opportunities in developing countries.
Infiscal year 2022, IFC committed a record $32.8 billion to private companiesand financial institutions in developing countries, leveraging the power of theprivate sector to end extreme poverty and boost shared prosperity as economiesgrapple with the impacts of global compounding crises.
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The Sustainability & Gender Solutions Department (CEG) includes approximately 300 staff and consultants. CEG supports IFC’s investment, advisory and upstream departments to manage ESG risks associated with their activities and find solutions to client issues on the basis of our Environmental and Social (E&S) Performance Standards () and the Corporate Governance Methodology ().
CEG further leverages this expertise and operational experience in emerging markets to encourage the effective adoption of these standards by companies and investors across emerging markets.
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On April 7, 2022, the IFC Board of Executive Directors approved IFC's Management Action Plan (MAP) in response to the findings and recommendations of an investigation of IFC's investments in Rizal Commercial Banking Corporation (RCBC) in the Philippines conducted by the Compliance Advisor Ombudsman (CAO), IFC's independent accountability mechanism.
The MAP and other details of the case can be found at The MAP specifies actions which IFC, working with RCBC and others as required, will implement to address the CAO findings and recommendations.
It contains four areas of improvement including : (1) further strengthening of RCBC ESMS implementation; (2) assessing and addressing E&S complaint sub-project impact and compliance status;
3) addressing complaint sub-project greenhouse gas (GHG) emissions and improving RCBC’s climate-related disclosures; and (4) addressing opportunities to improve E&S risk management of IFC’s broader FI investments.
CEG is seeking a senior level Extended Term Consultant (ETC) to provide leadership and technical expertise in project management and coordination on implementing IFC responsibilities under the MAP and support the E&S risk management of other IFC projects and activities.
Duties and Accountabilities :
The senior ETC responsibilities will include :
Provide project management and hands-on operational support in undertaking of activities under the following MAP areas of improvement requiring IFC input :
Further strengthening of RCBC ESMS implementation;
Working with consultants commissioned by IFC to assess and address E&S complaint sub-project impact and compliance status, and;
Working with consultants commissioned by IFC to review complaint sub-project greenhouse gas (GHG) emissions and to provide support in improving RCBC’s climate-related disclosures.
Advise and provide experienced guidance to the MAP Project Team and IFC management with regards to the MAP strategic and implementation-related issues.
Collaborate with and provide needed guidance to RCBC on implementing MAP actions the bank is responsible for.
Manage and provide guidance to the MAP consultants recruited by IFC for undertaking the key studies including :
Reassessing RCBC’s existing high-risk portfolio sub-projects vis-à-vis PS requirements;
Gap analysis for the 10 complaint RCBC-financed coal power plants, and;
Onsite energy efficiency / GHG emissions reduction audits.
Coordinate and contribute to the review and analytical work of all MAP outputs, including :
Implementation of the RCBC Capacity Enhancement Action Plan;
RCBC semi-annual monitoring report to reflect the E&S performance of the 10 complaint RCBC-financed coal power plants, and;
RCBC E&S climate-related included disclosure.
Coordinate with the E&S Policy and Risk Department (CES), Financial Institutional Group (FIG) and other departments in tracking and reporting progress to relevant IFC management team or committees and CAO.
Provide E&S risk management support through screening, appraisal, and supervision of other IFC projects when required.
An academic degree relevant to the position in engineering or sciences. An advanced degree in environmental science or specialization will be highly advantageous;
A minimum of 10 years of relevant professional experience, including proven relevant E&S risk and impact assessment and management experience;
Broad knowledge and understanding of sustainable development, E&S sustainability, ESG and climate change in the banking sector;
Knowledge of IFC’s Sustainability Framework and supporting documents such as Guidance Notes, EHS Guidelines, and other IFC publications on sustainability a plus;
Knowledge of Philippine’s E&S laws as well as relevant policies and regulations pertaining to commercial banks and other financial institutions;
Strong project management skills;
Strong research and analytical skills, ability to think strategically, analyze and synthesize diverse related data and information.
Attention to detail is a must;
Strong organizational skills, with ability to prioritize and deal with frequent and unexpected and work within tight timeframes;
Ability to communicate ideas clearly and confidently, articulate issues and recommend solutions;
Ability to communicate effectively in spoken and written English is essential;
Good team player with strong interpersonal skills, including the ability to work as a member of a multi-disciplinary and multi-cultural team, work effectively in and influence a team, and network effectively across boundaries.