Associate Economist
International Finance Corporation (IFC)
Close on 14 Aug 2020
Location: United States
Grade: GF, Entry Professional
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Job Description

Description

IFC—a sister organization of the World Bank and 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 2019, we invested more than $19 billion 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 IFC Global Macroeconomics & Market Research Department, housed within Economics & Private Sector Development Vice Presidency, is a unique research team that is in charge of generating a deep understanding of country and market dynamics to identify strategic implications for IFC business, portfolio and IFC investment clients.

It caters strategic and proprietary research to IFC Senior Management, Investment Departments and existing or potential investment clients. It combines in-house expertise in macroeconomics, portfolio analysis, financial markets analysis, policy and regulatory matters. The team leverages IFC operational and industry knowledge and WBG sector expertise to provide a comprehensive view of global and country-specific industry trends and investment opportunities. The team’s various research offerings support the corporation’s strategists, thought leadership as well as fundamental research.

More specifically, the team provides (1) global, regional and country level macro, financial and market trends and outlooks to inform business and portfolio decisions, (2) country-risk ratings based on macro-economic, market and political developments, (3) strategic asset allocation framework and recommendations, (4) in-house developed models such as the Medium Term Vulnerability Model and FX Models, (5) tools that support investment staff, such as pricing tools, equity valuation tools, and M&A tools for sourcing and valuing IFC investments and (6) applied fundamental research.

The IFC is looking for an Associate Economist to join the IFC Global Macroeconomics and Market Research Department.

Duties include:

• Work with other colleagues on monitoring, analyzing and regular reporting, via written reports and presentations, of economic and financial developments, policies and prospects in emerging market countries
• Contribute to the design, updating and further development of country databases incorporating historical data and forecasts for key time series needed to formulate robust judgments about country risk in individual economies
• Develop appropriate data gathering techniques, interpret and analyze data and develop meaningful insights. Actively engage with the team in providing with topics for further analysis, research ideas and new ways to present concepts
• Contribute to the development of the Unit’s analytical apparatus linking banking sector performance and prospects to macroeconomic developments and prospects, helping also to assessment potential for and barriers to capital market development that would strengthen country performance and improve scope for IFC lending and investment
• Contribute to the development of the Unit’s analytical apparatus linking macroeconomic developments to the performance of global industries at the regional level in order to identify sectors trends for IFC’s investment operations. Help more senior staff in determining the drivers of FDI, Private investment and equities in EM
• Actively engage with the team in providing with topics for further analysis, research ideas and new ways to present concepts
• Represent IFC Global Macro & Market Research Unit at all levels of the organization and engage with staff across departments. Become a key player in analysis and projects focused on EM regions of coverage, both at the country, sector, and portfolio level
• Conduct research, analysis and report writing, helping to identify potential areas of growth for IFC. Develop and maintain networks of fellow analysts elsewhere in the World Bank group, among IFIs, in global financial centers and in IFC countries of operation to support analysis and assessments, especially as regards potential areas of growth for IFC

Selection Criteria

The candidate will have strong analytical and quantitative skills, with a strong economic background; strong interest in applied research in macroeconomics and finance; and will be comfortable working independently and with large and diverse datasets.

Successful candidates should have:

• Advanced degree in economics with specialization in finance, macroeconomics, markets, or related fields
• Have 7+ years of professional experience in macroeconomic research and analysis, especially country and sovereign risk
• Ability to combine theoretical frameworks with applied research, including design and operation of econometric models for macroeconomic forecasting and policy simulations
• Strong understanding of emerging markets economics, and the role of the private sector, financial institutions and cross-border finance in economic development
• Expertise and knowledge of emerging market economies, including political trends, private sector issues, and developmental challenges. Focus on more than one EM region will be a plus
• Ability to play a key role on country risk and vulnerability exercises for economies on focus regions, including the design, updating and further development of country databases incorporating historical data and forecasts for key time series including national accounts, external trade, financing and debt and key policy indicators such as fiscal and monetary accounts, interest rates and exchange rates, as well as statistics on capital markets and sector performance.
• Broad knowledge and understanding of linkages between major sectors of the economy, especially banking and finance, and private sector dynamics
• Extensive experience and knowledge of Microsoft Excel, econometric packages (eViews, Stata), and presentation/graphic packages (Tableau, Power Point)
• Ability to thrive under pressure and function effectively while managing multiple tasks simultaneously.
• High level of attention to detail and capacity to deliver high quality work
• Demonstrated written and verbal communications skills in English
• Excellent interpersonal skills, with the ability to function effectively and collaboratively in a team environment, including the willingness to share information and best practices
• Strong teamwork and client orientation
• Enthusiasm for, and commitment to development
• Experience working in or studying in countries outside of the home country

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.

About IFC

The International Finance Corporation is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in developing countries.

IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused exclusively on the private sector in developing countries. The Bank Group has set two goals for the world to achieve by 2030: end extreme poverty and promote shared prosperity in every country.

IFC leverages its products and services—as well as products and services of other institutions across the World Bank Group—to create markets that address the biggest development challenges of our time. 

IFC is a leading mobilizer of third-party resources for projects. Our willingness to engage in difficult environments and our leadership in crowding-in private finance enable us to extend our footprint and have a development impact well beyond our direct resources.