IDB2832 - Senior Associate, FI Financing Europe & Central Asia - Russian Speaker (ICD)

Business Unit: ICD - Islamic Corporation for Development
Division: FI Financing and Guarantees ICD
Department: Global Markets Equity
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 28-Jun-2022

Role Purpose:

Improve and strengthen the private enterprises, including Small and Medium Enterprise's (SME), access to financing in member countries through originating, processing and structuring Lines of Financing programs with partner FIs in the Europe and Central Asia region (ECA) in accordance with ICD's risk-reward principles and business targets.

Key Functional Accountabilities and Activities:

Developing Financial Channels:

  • Identify/analyze opportunities of Line of Financing & Guarantees (particularly, Risk Sharing Facilities (RSF)) with development impact across ICD member countries in compliance with the identified channels and regional targets.
  • Expand ICD’s reach to markets by providing LOF and/or RFS to the FIs.
  • Develop and enhance credit financing products / services to Financial Institutions. 

Project Sourcing & Origination:

  • Develop a strong pipeline of good quality investment opportunities through anticipating market trends and employing sector/country knowledge;
  • Maintain relationships with member country governments, sovereign entities, regulatory bodies and private stakeholders in order to develop client origination and sourcing strategy as they relate to FIs.
  • Identify potential credit financing transactions to Financial Institutions, working closely with the IsDB Group Regional Hubs throughout the process.
  • Evaluate and assess potential projects’ feasibility, taking into consideration experiences learnt from previous projects as applicable.
  • Prepare and present the project concept notes to the investment committee (IC) for in-principle approvals for due diligence.

    Negotiate and execute term sheets with the clients.

  • Support the FI Financing & Guarantees team in Line of Financing and Guarantees products as and when required and mainly in relation to the product technicalities, structure, terms & conditions, documentation etc.
 

Project Appraisal & Approval:

  • Initiate and ensure all project origination steps are in place to enable proper evaluation, including market research, industry analysis, documentation, due diligence, risks and opportunities, taking into consideration the client’s ability and willingness to comply with ICD’s standards and practices.
  • Participate in the negotiations with the client and conduct relevant activities, including but not limited to project timeline and disbursement cycles & criteria, working alongside with ICD’s internal units where and when applicable.
  • Draft and/or present the credit financing proposals to the investment committee (IC), ensuring proper coordination with and review from ICD’s risk, legal, Shariah, developmental impact functions and obtain necessary approvals as applicable.
  • Process and track disbursements, upon legal documentation, as per project structure.
  • Act as a portfolio manager post-disbursement to maintain portfolio quality.
  • As for the Guarantees/RSF products, support the FI Financing and Guarantees team in providing adequate due diligence support, technical inputs etc. as they relate to the product.  

Stakeholders Management:

  • Develop and maintain relationships with all relevant stakeholders in order to continue to grow ICD operations in the Financial Institutions of target countries
  • Maintain relationships with clients during the project lifecycle to ensure that project objectives have been met. 

Qualifications/ Professional Experience:

  • At least 3 years of experience in Front Office in the financial institutions, investment banks, DFIs/MDBs, or equivalent roles at reputable bank(s)/non-banking FI(s).
  • At least a Bachelor’s degree in Finance, Banking, Economics or any relevant discipline is a must.
  • A certificate in CFA, CMA, CPA or any other additional relevant professional certificate is a must.
  • Knowledge of Islamic finance and banking is an advantage
  • Thorough understanding of the financial sector and relevant risks.
  • Quantitative/numerical skills with the ability to interpret financial information and to design and use financial models.
  • Credit analysis skills, with the ability to interpret financial statements of banks and non-bank FIs, understanding local and international accounting principles and practice of credit analysis.
  • Computer literacy, conversant with Microsoft Office and spread sheet packages including financial analysis and modelling modules.
  • Demonstrated ability to structure a variety of financial instruments.
  • Proven track record of success in developing client relationships and execution of client engagements.
  • Knowledge in international economic development arena and commitment to sustainable development.
  • Excellent business judgment and strong analytical and problem-solving skills to identify issues and present creative, practical solutions.
  • Excellent communication skills; ability to write and present well in English and Russian.
  • Capacity to deal with conflicting priorities and deliver high quality work on schedule; ability to work successfully in multicultural teams and across boundaries.
  • Ability to deal with clients at senior-levels and to work with various stakeholders. 

Language Skills:

  • Good written and oral communication skills in English and Russian.
  • Good command over the local/regional language of the ECA region is an advantage.

Working Environment:

Mainly Office environment, however domestic and international travels as and when required.