About the Organization:
International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. It helps developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets.
Background
IFC's microfinance program in the Middle East North Africa (MENA) region helps key financial institutions operating in strategic markets to build internal capacity and better manage risk, diversify products, and delivery models. This program helps financial institutions to better meet client demand and scale up outreach to underserved microentrepreneurs and increase their sustainability.
About the Job:
IFC is looking for Individual Consultants to work on selected modules/components which cover risk management, product review, product development, SME development for MFIs, and transformation.
Tasks and Responsibilities:
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Risk management:
- Development of a comprehensive risk management framework (credit, operational, liquidity, etc.) including organizational structure,;
- Development of key risk management tools, manuals, and training/support to build capacity of staff to implement them.
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Product review:
- Look at existing product portfolio performance from a quantitative and qualitative perspective as well as product mix and features.
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Product development:
- Help financial institutions develop new micro-housing,and Islamic microfinance products.
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SME product development for MFIs:
- Work with MFIs to develop and roll out SME products;
- Assist MFIs in the setting up of SME units, designing processes (credit underwriting, monitoring, etc.), identifying proper staffing and skills etc.
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Transformation;
- Help non-profits transform into for-profit, commercially oriented entities.
Qualifications:
- Expertise in credit risk, operational and financial risk (liquidity);
- Expertise in overseeing market research, designing or adapting products, product pro-type development, pilot-testing, training on operational processes, and roll out of the new product;
- Experience of transformation of non-profit entities into for-profit.
Closing Date: 15 Sep 2012
How to Apply:
Apply Online
