IFC is a member of the World Bank Group which 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 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises
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The International Finance Corporation (IFC) improves the lives of people in developing countries by investing in private sector growth. We connect economic development with humanitarian needs to create real progress for the people and places that need it most.
The World Bank Group is a vital source of financial and technical assistance to developing countries. Established in 1944, its mission is to fight poverty with passion and professionalism, for lasting results
Together, IBRD and IDA form the World Bank, which provides financing, policy advice, and technical assistance to governments of developing countries. IDA focuses on the world’s poorest countries, while IBRD assists middle-income and creditworthy poorer countries.
IFC, MIGA, and ICSID focus on strengthening the private sector in developing countries. Through these institutions, the World Bank Group provides financing, technical assistance, political risk insurance, and settlement of disputes to private enterprises, including financial institutions
While our five institutions have their own country membership, governing boards, and articles of agreement, we work as one to serve our partner countries. Today’s development challenges can only be met if the private sector is part of the solution.
But the public sector sets the groundwork to enable private investment and allow it to thrive. The complementary roles of our institutions give the World Bank Group a unique ability to connect global financial resources, knowledge, and innovative solutions to the needs of developing countries.
Duties and Accountabilities:
The Associate Trade Officer is expected to:
• Under the supervision of the Regional Lead, originate and execute trade finance transactions with Issuing Banks under IFC’s Global Trade Finance Program (GTFP) by connecting with regional and global GTFP Confirming Banks;
• Monitor trade lines and ensure that transactions are consistent with all corporate guidelines, including the trade operational guidelines;
• Monitor and execute daily trade finance transactions in the region, facilitate timely processing of amendments and cancellations by working closely with the GTFP Operations team;
• Maintain contacts with GTFP Issuing Banks and stay abreast of market development to manage risks in the portfolio;
• Track program activities by using IFC’s corporate systems and prepare reports as needed;
• Monitor GTFP billing follow up with clients on timely payments as well as and any Trade Survey quest;
• Work together with FIG regional colleagues and contribute to FIG supervision efforts;
• Participate in the development and processing of new business leads (under Regional Lead supervision) that includes supply chain finance facilities with regional clients, commodity financing, and the portfolio-based Global Trade Liquidity Program (GTLP), and
• Support all other tasks requested by the Regional Lead for existing or pipeline of the trade finance programs.
Selection Criteria
• MBA, Master’s degree in Finance or equivalent.
• At least of 7 years’ experience in trade finance with an international commercial bank or other financial institution;
• Extensive knowledge of commercial banking products and services, experience in correspondent banking relationships and international trade products;
• Knowledge of corporate trade finance and supply chain finance related products;
• Strong financial and credit skills along with analytical ability;
• Strong teamwork and organizational skills;
• Strong interpersonal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds;
• Excellent verbal and written communications skills in English and French.
