Overview

Results Measurement Specialist

Job #: req12492

Organization: IFC

Sector: Research & Quantitative Analysis

Grade: GF

Term Duration: 3 years 0 months

Recruitment Type: Local Recruitment

Location: Vienna,Austria; Istanbul, Turkey

Required Language(s): English

Preferred Language(s): Closing Date: 7/20/2021 (MM/DD/YYYY) at 11:59pm UTC

Description

IFC—a 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 2020, we invested $22 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 Economics and Private Sector Development Vice Presidency (CEDVP) is responsible for identifying and delivering on private sector diagnostic needs, drawing on resources across the WBG, to grow IFC’s capacity to deliver Country Private Sector Diagnostics (CPSDs), and present private sector perspectives in Systematic Country Diagnostics or Country Partnership Frameworks (SCD/CPF) and country strategies; developing rigorous sector economic analyses and an ex ante project assessment framework to help guide project selection, complementing our expertise in supporting and monitoring project implementation; as well as identifying and strategically driving policy engagements that create and grow new markets for the private sector. The CEDVP also encompasses teams working on global macroeconomic analyses and prospects as well as the team in charge of gender mainstreaming in IFC. The Vice Presidency is also home to two additional operational teams and content providers focusing on Blended Finance and Climate Businesses.

The Sector Economics and Development Impact Department (CSE), part of the Economics & Private Sector Development Vice Presidency, analyzes economic sectors with a view to identifying opportunities and solutions for private sector development, and works closely with IFC Operations in formulating sector priorities and strategies. It is expected to provide technical support to operations related to structuring, appraising, and monitoring investment and advisory projects and is responsible for reporting on IFC’s impact. The department is in charge of fully developing and implementing the ex-ante project assessment framework (Anticipated Impact Measurement and Monitoring- AIMM) for investment and advisory projects throughout the project cycle, help ensure high-quality economic support for IFC operations teams on strategies and projects; and develop sector economic analyses with a focus on solutions for private sector development.

CSE is the largest department in the Economics and Private Sector Development Vice Presidency, with approximately 80 staff, comprised of mainly sector economists and results measurement specialists assigned currently to fully integrated units organized along IFC industry groupings. These include: CSE unit for Financial Institutions Group (CSEFI); CSE unit for Infrastructure and Natural Resources (CSEIN); and CSE unit for Manufacturing, Agribusiness, and Services (CSEMA); and CSE unit for Funds and Disruptive Technology team (CSETT). For each unit, the sector economists are embedded in the respective industry groups to ensure they play a connective tissue role. Still, they are an integral part of CSE and report to CSE managers. The department also includes two additional teams in charge of economic modeling (CSEIM) composed of research economists and the CSE unit for Results Measurement and Corporate Reporting (CSECR) that support all industry groups. In short, the department offers an “end-to-end” support and impact assessments for IFC investments and advisory services, engaging upstream and downstream throughout the project cycle.

The Financial Institution Group team (CSEFI) is in charge of implementing CSE mandates and deliverables described above in relation to products including investment and advisory support for microfinance, insurance, loans to small and medium enterprises and women-owned businesses, and low- and medium-income mortgages. This includes fully developing and implementing the ex-ante project assessment framework for investment and advisory projects throughout the project cycle, monitoring and evaluating impact of both investments and advisory projects, help ensure high-quality economic support for IFC FIG teams on strategies and projects, and develop sector economic analyses with a focus on solutions for private sector development. These activities will support operations done by FIG teams to deliver investments that support growing enterprises across emerging markets. Financial sector operations comprise a significant portion (40%) of IFC’s investment operations and make important contributions to financial sector development in client countries. These operations span commercial banking, including specialized product areas such as SME banking; insurance, microfinance, housing finance, trade finance, distressed assets, and capital markets development.

The Department is looking for a Results Measurement Specialist to provide, on an ongoing basis, expert advice and operational support to operational teams and management, assess the impact of financial sector development while ensuring consistent application of standard impact measurement and monitoring frameworks, help generate relevant lessons learned and support staff incorporate such lessons into project design, provide technical support and program quality leadership to donor funded facilities, and contribute to evaluative work beyond the project lifecycle. S/he will work in close collaboration with the Investment and Advisory Staff of the Financial Institutions Group (FIG) in Europe, Central Asia and the Middle East, responsible for designing and structuring IFC’s financial sector operations, under the supervision of the CSE Manager for FIG.

Role & Responsibilities:

Operational Support

  • Work with investment and advisory teams in the FIG portfolio to ensure consistent understanding and application of standard impact measurement and monitoring frameworks and methods throughout the project lifecycle.
  • Work in close collaboration with the FIG teams on Board submissions of investment projects to ensure well-articulated and well-justified analysis of developmental impacts of FIG’s engagements in private sector development citing documented and proven outcomes from academic research that support recommended interventions.
  • Undertake strong analytical work based on rigorous applied economics in collaboration with FIG investment and advisory teams to inform operational decisions.
  • Work with IFC’s Investment Officers to collect and analyze project data, apply the appropriate frameworks on the basis of data and research, create narratives that support the articulation of project impacts, and rate projects.
  • Contribute to the development and implementation of an ex-ante project assessment framework for investment and advisory projects throughout the project cycle.
  • Work with investment and advisory teams on the FIG portfolio to ensure consistent understanding and application of standard impact measurement and monitoring frameworks and methods.
  • Contribute to the development and implementation of the Monitoring system for investments and better report on projects development outcomes in the FIG lines of business.
  • Monitor data quality and improve it as needed for advisory and investment operations.
  • Assure compliance and perform quality reviews for project cycle documents, such as: Project Concept Notes, Project Implementation Plans, Project Supervision Reports, Project Completion Reports. Advise teams on the necessary modifications and requirements and provide expert recommendations on the best course of action.
  • Ensure that indicator selection and log frames are aligned with good project design standards, as well as standards set at the corporate, business line, and product levels. Discuss recommendations with project teams and supervisor.
  • Provide expert opinion regarding project ratings set by project leaders during supervision and completion, ensuring they are aligned with corporate standards. Flag misaligned ratings for further review.
  • Provide expert input to the development and implementation of an ex-ante project assessment framework for advisory projects (“AIMM4AS”) throughout the project cycle.
  • Work in close collaboration with the FIG advisory teams on the roll out of “AIMM4AS” platform for the relevant projects. Ensure well-articulated and well-justified analysis of developmental impacts of FIG’s engagements in private sector development citing documented evidence on the development gaps and the market creation outcomes expected from the interventions.
  • Work with investment and advisory teams in the FIG portfolio to ensure consistent understanding and application of standard impact measurement and monitoring frameworks and methods throughout the project lifecycle.

    Research, Learning, and Knowledge Sharing

  • Design and conduct evaluations for enabling a better understanding of impact, thus shape continuous improvement of results measurement work by providing feedback and best practices to Sector Economics and FIG Industry Departments.
  • Provide M&E inputs to donor proposals, and lead quality assurance and reporting of results internally and externally to donors.
  • Contribute to corporate, country, and sector strategic papers by providing rigorous economic analysis and inputs.

    Perform other tasks as requested by CSE management.

    Selection Criteria

    • A Masters’ degree in economics/finance/business/public policy or other relevant fields from a reputable university.
    • At least 5 to 8 years of experience demonstrating analytical skills in results measurement, project management, economic analysis and/or private sector development work with a focus on the financial sector.
    • Ability to apply M&E approaches, methods, tools, and terminology of development impact to ex-ante assessments, monitoring and ex-posts evaluations. Proven experience and good understanding of investment/advisory projects’ development outcome assessment and processes methods. Knowledge of IFC’s Anticipated Measurement and Monitoring system and Knowledge of DFIs’ additionality frameworks is a plus
    • Strong analytical and quantitative skills. Proven capability to handle complex assignments (e.g. project related or analytical tasks with operational relevance) and produce analytical work to a high professional standard, with minimum supervision,
    • Experience with business analytics and results measurement methods, including survey design and implementation, experimental and non-experimental evaluation designs, theory of change, projects’ logical frameworks with SMART indicators. and realistic and achievable targets. Training or certification in monitoring and to persuade and influence others across organizational boundaries/or evaluations is a plus
    • Prior work experience focusing on the financial sector and financial inclusion in a Development Finance Institution (DFI) or in the private sector. Track record of working on financial sector strategies, policy, and regulatory related aspects desirable.
    • Subject matter expertise: previous experience in evaluating the economic and development impact of projects related to SME banking, microfinance, digital financial services, sustainable energy finance, women in banking.
    • Knowledge of IFC or similar operational and portfolio work and a good understanding of investment and advisory projects and areas of focus is desirable.
    • Proven ability to monitor data quality and improve it as needed for advisory and/or investment operations.
    • Ability to train senior management and staff on results measurement, particularly on data quality assurance and reporting of results in line with corporate guidelines and standard impact measurement and monitoring frameworks.
    • Strong analytical and quantitative skills with demonstrated ability to use statistical methods and interpret economic models.
    • Proven capability to handle complex assignments and produce work to a high professional standard under pressure.
    • Proven ability to persuade and influence senior colleagues across organizational boundaries
    • Proven ability to work in teams and capability to work in multi-cultural environments.
    • Excellent written and verbal communication skills in English and another language, and ability to communicate effectively with different stakeholders.
  • A Masters’ degree in economics/finance/business/public policy or other relevant fields from a reputable university.

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