ย
ย Description
IFCโa member of the World Bank Groupโis 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, we made over $43 billion in total investment commitments โ the largest volume in our history in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org.
The Disruptive Technologies and Venture Capital team (โCDFDTโ) invests in VC funds and venture/early growth companies that offer innovative technologies or business models with high impact potential in emerging markets. By executing transactions at earlier stages than IFCโs more traditional business lines, the venture capital team enhances the organization's strong commitment to innovation, supports local businesses, and helps accelerate cross-border technology transfers.
CDFDT is seeking an experienced Investment Officer to provide coverage for transaction origination, execution, and portfolio activities across its global portfolio of VC funds, direct investment, and co-investments.
S/he will be based in Istanbul and will report to the Senior Manager for the Disruptive Technologies and Venture Capital team (CDFDT).ย
Roles and Responsibilities
โขย Establish, build, and maintain strong relationships with and work with the team to consider investing in Middle East, Central Asia, and Turkey (MCT) technology start-up businesses including, but not limited to, priority verticals such as ed-tech, health-tech, climate-tech, fintech, etcโขย Support IFCโs VC activities in the Middle East, Central Asia, and Turkey (MCT), and Africa regionโขย Develop and make strategic direct venture investments, VC funds investments, parallel investments, and co-investments in target sectors based on rigorous due diligence of prospective early growth stage ventures, strong technology analysis, business model, and financial valuationโขย Lead business development, due diligence, negotiation, and transaction structuring of new business opportunities and liaise extensively with colleagues across the region and industry verticalsโขย With a focus on regional stakeholders, support the identification of and development of upstream and market creation initiatives related to fostering tech innovation transfer to relevant emerging markets in alignment with country and sector strategiesโขย Represent IFCโs disruptive technologies team in internal and external events, develop relevant corporate initiatives, partnerships, and engagement to enhance IFCโs strategic positioning in the disruptive technology space across all relevant industry verticalsโขย Coordinate closely with IFCโs business risk functions to ensure maintenance of the highest environmental, social, and integrity standardsโขย Work in close coordination with industry and regional IFC colleaguesโขย Periodic travel may be required
Selection Criteria
โขย Advanced degree required, MBA from leading international institutions preferredโขย At least 6-8 years of work experience of which at least 4-6 years of venture capital or private equity experience, ideally with some emerging markets transaction experienceโขย Prior experience in, investment banking or business/corporate development will be consideredโขย Significant transaction experience in and analytical knowledge of venture investing with a focus on priority sectors such as ed-tech, health-tech, climate tech, and fintechย โขย Experience in negotiating and structuring venture capital equity transactionsโขย Existing and relevant network amongst research institutions, private companies, and financial and strategic investors who are active in the climate tech ecosystem, broadly defined, globallyโขย Experience in portfolio management, including facilitation of exitsโขย Having prior experience as an investee company board director/ observer or operational experience at a venture-backed company is a plusโขย Excellent financial and analytical skillsโขย Fluency in spoken and written English; other language abilities highly valued
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
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.
Learn more about working at theย World Bankย andย IFC, including our values and inspiring stories.