Job Description

(Associate) Investment Officer – Subnational Finance (Urban Infrastructure) Sector

Job #: req38115 Organization: IFC Sector: Investment Grade: GF Term Duration: 3 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 9/16/2026 (MM/DD/YYYY) at 11:59pm UTC

Description

Build a career with impact. Working at the World Bank Group (WBG) provides a unique opportunity to help countries solve their greatest development challenges. As one of the largest sources of funding and knowledge for developing countries, the WBG is a unique partnership of five global institutions dedicated to ending poverty, increasing shared prosperity, and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, the WBG works with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges.

The WBG is renewing its approach to knowledge as the Knowledge Bank, ensuring that the best global knowledge drives development, scales impactful solutions, and shapes global conversations. Part of the push to become a better Bank involves improving how we collect, store, and share knowledge to help countries stay on track with their development goals. The vision of the Knowledge Bank focuses on four key areas: (i) new and updated knowledge products, (ii) strategic partnerships, (iii) enhanced learning opportunities, and (iv) cutting-edge systems. The Knowledge Bank’s Urban, Subnational & Land Solutions and Impact team is responsible for ensuring that the right mix of best-practice investment and advisory solutions is made available to subnational/ municipal clients and WBG operational teams to promote commercial financing and private capital mobilization.

The team is looking to recruit an Associate Investment Officer or Investment Officer, (A)IO covering the subnational finance sector. The (A)IO will be part of a team leading business delivery and growth in the sector contributing to business development, project structuring and processing while also helping to address regulatory, client capacity or other challenges. In addition, the (A)IO will play a key role in knowledge sharing and dissemination across the WBG, with an emphasis on curated knowledge to support market creation, innovation, and risk management. The (A)IO will take responsibility for ensuring best practices from regional operations are shared and, where possible, replicated in other regions. The (A)IO will also support the development of scalable integrated solutions and advisory products applicable across the WBG that will help teams on the ground with business development, project preparation, client capacity building, and client relationship management. The (A)IO will play a key role in global tasks central to the sector’s growth including managing the work of the Global Cities Platform, fundraising for advisory and blended finance, and engagement with donors and partners.

The selected candidate will be based in Washington, DC and will report to the Manager for Urban, Subnational & Land Solutions and Impact. The position will have a global focus and involve regular travel commitments.

The final title Investment Officer or Associate Investment Officer will be decided by the Hiring Manger based on business needs and candidate qualification.

Duties and Accountabilities:

• Work with the IFC Subnational Finance team and global sector lead to support the development and execution of the WBG’s subnational finance/urban sector strategy.
• Support IFC investment teams globally to build pipeline, conduct sector mappings, and structure transactions.
• Support the development of integrated IFC-World Bank solutions and knowledge products that combine investment, advisory, and upstream engagement to strengthen client impact and pipeline development.
• From time to time, as a member of project teams, contribute to the execution of new IFC investment transactions including preparing investment proposals, building financial models, conducting due diligence as well as detailed financial, market, and risk analyses.
• Analyze sector developments and apply lessons from past deals to generate new business and improve portfolio performance.
• Create and disseminate subnational finance and urban sector knowledge across IFC and the WBG.
• Work on advisory and upstream projects with cities to help build pipeline and strengthen engagement in the sector.
• Capture best practices from one region and, where possible, drive replication across others.
• Oversee the work of the Global Cities Platform, including managing reporting requirements.
• Lead and support fundraising efforts for advisory and blended finance, working with donors, Blended Finance teams, and other external stakeholders to develop business and promote visibility for the sector.

Selection Criteria

• Advanced degree (MBA, Master's, or equivalent) in Business Administration, Finance, Economics, or a related field
• Minimum of 4 years (AIO) and 7 years (IO) of relevant experience in finance in the infrastructure sectors—gained at an investment bank, private equity firm, institutional investor, consulting firm, or international financial institution.
• Strong quantitative skills with demonstrated expertise in financial modeling, valuation, and structuring of complex investment transactions, particularly in subnational or infrastructure sectors.
• Strong analytical and problem-solving skills, sound business judgment, capacity to innovate, and ability to develop practical, creative solutions.
• Familiarity with subnational finance, local government systems and municipal service delivery including transport, water and sanitation, and waste is a plus.
• Proven ability and interest in understanding and synthesizing urban infrastructure/ subnational sector dynamics, challenges, and opportunities with active engagement in knowledge creation and dissemination.
• Advisory/ upstream program management skills is a plus.
• Excellent written and verbal communication skills in English.
• Ability to work well under time pressure, manage competing priorities responsively, deliver high-quality work, and collaborate effectively across regional and industry boundaries, as well as with public sector colleagues in the Knowledge Bank.
• Ability to work well in diverse, multicultural teams and build relationships with stakeholders across sectors.
• Committed to the highest ethical standards and aligned with the World Bank Group and IFC's mission, values, and development mandate.
• Collaborative team player with strong interpersonal skills and a constructive, solutions-oriented work style.

Note: This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.

WBG Culture Attributes:

1. Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
2. Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
3. Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

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.