E T Consultant

E T Consultant

Job #:
req30974
Organization:
MIGA
Sector:
Other
Grade:
EC4
Term Duration:
1 year 0 months
Recruitment Type:
International Recruitment
Location:
Riyadh,Saudi Arabia
Required Language(s):
English & Arabic
Preferred Language(s):

Closing Date:
1/7/2025 (MM/DD/YYYY) at 11:59pm UTC
Description

The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group, and our mission is to promote foreign direct investment into developing countries to help end extreme poverty and boost shared prosperity on a livable planet. We do that through the provision of political risk insurance and credit enhancement to investors and lenders against losses caused by noncommercial risks. For more information, visit www.miga.org .

MIGA is seeking an Extended Term Consultant (ETC) who is proactive, client-focused and a team player to join a fast-paced working environment. The ETC will be based in the World Bank Office in Riyadh to develop and operationalize a strategic framework for engaging government and private sector in the Kingdom of Saudi Arabia; ensure MIGA's engagement with the highest level of policymakers in the country; and focus on business development by building relations with new clients including development financial institutions, private sector players and government entities in KSA and support Saudi outward investments in critical areas such as energy transition, water management, and other sectors. The key focus will be to grow MIGA's visibility and engagement in KSA with policymakers, officials, and private sector clients which will lead to greater use of MIGA guarantee platform by Saudi investors. The ETC will report to the Manager, Strategy and Operation in the Office of the Vice President, Operations and coordinate closely with the Country Director, MNCO5, and Middle East and Egypt (MEE) Regional Head.

Duties and Accountabilities:

Among other duties the ETC will be responsible for:

• Develop and maintain a good understanding of KSA key economic and political issues
• Contribute to the development of action plans and workstreams to implement guarantee business and targets with a focus on origination
• Identify new business opportunities in the country
• Identify, build, and maintain high-level relationships with key stakeholders including relevant government policymakers and officials, private sector clients across various sectors and especially those Saudi investors expanding outside GCC), , key development partners and WBG colleagues to support KSA business development
• Participate in activities to increase in MIGA representation in Saudi based events and increase MIGA's visibility
• Identify relevant Saudi development partners to support the raising of funds for MIGA managed Trust Funds
• Support visiting missions to the country
• Conduct mapping and research on various potential investors, and sovereign owned entities (SOEs); integrity checks, trends of Saudi outward investments and identification of other business opportunities
• Write memos including strategic assessments and briefing memos for engagement with key stakeholders and clients;
• Collaborate with other units within MIGA, IFC, and the WBG to deliver high level business results, with a particular focus on WB/IFC staff based in Riyadh

Specific Deliverables:

In consultation with MIGA management and Country Director, represent MIGA and participate in all relevant engagements events related to government and private sector in KSA.
Mobilize Saudi public institutions to contribute to MIGA supported Trust Funds and sign at least one mandate towards that end.
Support the MIGA team to develop new private sector client relationships which will lead to actual request for guarantee support;
Contribute to efficient client servicing as measured by reducing time from application submission to Contract of Guarantee execution by pre-screening and structuring project prior to application submission and facilitating efficient exchange of information with clients.
Prepare presentation materials in both English and Arabic for potential government and client engagements.

Selection Criteria

• Master's degree in international Business, Finance, Economics, Environment and Climate or related field with a minimum of 10 years of working experience in international environment (e.g., private equity funds, investment banks, development financial institutions, or project advisory firms) and with governments preferably in project development, sector reform, and project finance b
• Experience and deep knowledge of the government and business community in KSA.
• Preference will be given to candidates with an existing network with Saudi policymakers and private sector representatives
• Preference will be given to candidates with past work experience in multilateral development banks (MDBs) at the field level focusing on operations with emphasis on infrastructure sectors and with operational knowledge of environment, social, and climate frameworks of MDBs.
• Broad knowledge of WBG product lines would be an advantage.
• Track record in developing and maintaining strong high-level relationships in the private sector, government, and development institutions
• Experience in working across boundaries; and in joint project ventures with key multilateral and bilateral institutions
• Strong client orientation, diplomatic skills, as well as sensitivity to social and cultural issues as they affect multilateral risk mitigation and investors going into developing countries
• Good knowledge of word, excel and power point and good presentation skills
• Excellent administrative and time management skills with proven ability to work promptly and efficiently and meet deadlines
• Outstanding communication skills, excellent interpersonal skills with the ability to collaborate with people at all levels (inside and outside MIGA) with demonstrated team spirit and responsiveness
• High degree of discretion, ethics, tack, and sensitivity in handling confidential and sensitive information; ability to maintain high standard of personal integrity
• Fluent and excellent written and verbal communication skills in English and Arabic

World Bank Group Core Competencies

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC , including our values and inspiring stories.

Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.
Job ID req30974