Background / General description:
The International Finance Corporation, a member of the World Bank Group, promotes sustainable private sector investment in developing countries as a way to reduce poverty and improve people's lives. In addition to its investment work, IFC provides a number of advisory services funded through different donors, as well as its own income-generating activities, by developing targeted programs and projects to strengthen financial institutions and markets
Duties and Accountabilities:
Bank Advisory Services
SMEs are a primary driver for job creation and GDP growth. They greatly contribute to economic diversification and social stability and play an important role for private sector development. However, SME development also represents a major and difficult challenge, as they typically face more severe constraints to growth than large companies. SMEs lack critical size resulting in reduced access to markets, skills, and capital. SMEs, particularly in developing countries, have historically lacked access to financial products and other banking services. Microfinance institutions have emerged to serve the smallest of these enterprises, while banking institutions have typically concentrated on large corporations. SMEs fall between these two markets where there is a gap in provision of banking services, commonly described as the "missing middle."
IFC's Bank Advisory Services in the Middle East and North Africa (MENA) provides advisory services to banks to build or improve their SME banking operations. This in turn leads to better access for SMEs to formal financing and banking services. Such advisory services are offered in the areas of: (1) market research, market sizing and market segmentation; (2) business model development; (3) re-engineering the credit underwriting process; (4) development of financing products, including product programs; (5) improving and strengthening risk management; (6) assisting in the leverage of existing IT platforms; and (7) developing other value propositions, such as products for women entrepreneurs, sustainable energy finance and provision of non-financial services to SMEs.
Through its activities, the MENA BAS program achieves the following strategic objectives:
(1) Helps to develop a sustainable SME banking sector through institution building and strengthening
(2) Addresses the significant SME finance/banking gap in the MENA Region
(3) Disseminates best practice SME banking and risk management skills in developing markets through training and other events
(4) Helps create employment opportunities through the resultant growth of SMEs.
Job Details
| Date Posted: | 2013-10-17 |
| Job Location: | Amman, Jordan |
| Job Role: | Accounting/Banking/Finance |
| Company Industry: | Banking |
Preferred Candidate
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