Job Vacancies International Finance Corporation (IFC)
Position: Program Manager for Commercial Justice/ Debt Resolution
Location: United States of America
Closing Date: Sunday, 11 September 2011
The Middle East and North Africa (MENA) region comprises twenty countries with a combined population of over 550 million. The region has among the world s highest youth unemployment rates, estimated at above 25 percent, and also one of the globe s youngest populations, with two-thirds of the population below the age of 29. Only a dynamic and growing private sector can create high quality jobs at a rate that keeps pace with this growing and increasingly young population. But the MENA region enjoys less competition than elsewhere; the dynamism of entry of new firms and exit of inefficient businesses is weaker than in Asia, Latin America or Eastern Europe; firms are on average older than elsewhere; and the response of private investment to past reforms has been weaker than in other regions. The investment climate for many countries in the region appeared to favor larger or better connected firms, and many segments of society were excluded from participating in growth. The signals from the political events engulfing the region indicate that stakeholders seek a better balance between growth and inclusion. IFC seeks to help clients introduce reform that not only supports the competitiveness of the private sector, but also contributes to a more socially inclusive form of growth through processes that are more transparent, a level playing field and the rule of law. IFC s Investment Climate Advisory Services in the MENA region offers three programs that are geared to addressing this challenge: Business Regulatory Reform, Industry-Specific Policy Reform, and Commercial Justice. The MENA Commercial Justice Program Manager (PM) will lead a team with an existing portfolio of Alternative Dispute Resolution projects in five countries, and seek to develop a new portfolio of projects to strengthen insolvency and debt resolution systems across the region. The Debt Resolution product is new to the region, and considered an important part of our response to the structural causes of low employment growth. Insolvency regimes in many countries across the region are in their infancy. Bankruptcy is considered a criminal offense in several MENA countries, and business failure is associated with considerable personal stigma, thus creating a strong disincentive to entrepreneurship. Average recovery rates from formal bankruptcy processes are low by international standards. Strengthened insolvency regimes may increase predictability in credit markets, and may encourages risk taking as it allows for a debtor to emerge fairly from a failed venture with the ability to learn and leverage the experience in a new venture. Mediation and out-of-court workouts would reduce the time and effort needed to take an insolvency case to the already burdened courts and increase investor confidence. Commercial Justice projects may include such actions as a rapid review of a country s insolvency system against internationally recognized benchmarks, technical advice in establishing or strengthening insolvency practitioner frameworks; technical assistance in adopting and implementing rules that will facilitate the carrying out of informal (out-of-court) workouts; establishing ADR centers for specific industries. Beyond this, the PM is expected to contribute new ideas for potential programs to improve the predictability and transparency of commercial legal systems in the MENA region. The PM will lead and mentor of a team of eight investment climate specialists in the region. The program manager should be able to foresee future trends, forge alliances and actively develop demand driven programs which have a substantial and measurable impact on the competitiveness of the MENA region, including the participation of women in the economy.
Duties and Accountabilities:
Business Accountabilities Leadership of Program Staff.
* Supervising the development of the knowledge, skills and progression of staff who work in the Program, testing them on progressively more difficult tasks, and evaluating them fairly;
* Mentoring project teams in the region and guiding them through project execution;
* Deploying staff strategically and efficiently, and sharing staff across Programs as needed;
* Inculcating a culture of teamwork, efficiency, respect and excellence. Leadership of Program.
* Accountability for performance of ADR projects;
* Successfully launching the Debt Resolution and Insolvency practice;
* Maintaining an effective working relationship with Global Product Specialists;
* Generating new ideas and projects and maintaining technical excellence; and
* Challenging teams to think creatively about delivering the program. Relationship Management
* Understand and respond to the needs of clients, scanning the horizon to understand sector, country and regional development goals and developing relevant projects;
* Understand and implement the Global Investment Climate Business Line strategy;.
* Develop partnerships within IFC, within the WBG, within the region, including leading centers of excellence, other institutions and donors, in order to support realization of client goals and objectives; Results leadership.
* PMs are responsible for development effectiveness, overseeing design to ensure that results frameworks and indicators are appropriate, that progress is being made against agreed results, and taking corrective action where necessary;
* Monitor and evaluate performance using IFC s monitoring and evaluation framework, working with M&E specialists and team staff; and
* Supervising the design of budgets and the performance of the Program against agreed budgets. Skills and Attributes
* Vision and ability to see the “big picture” of country and regional private sector development, recognize and seize innovative project opportunities that can have sizeable reach;
* Ability to develop innovative solutions and challenge the status quo in order to build the business;
* Team builder and leader, and an ability to lead and mentor staff and effective work groups;
* Experience in dealing with public and private institutions, ensuring a balanced set of interests;
* Strong written and verbal communications skills; and
* The highest possible levels of ethics and integrity.
* Masters degree in law, economics or business;
* Fifteen years of relevant professional experience in legal and judicial reform , debt resolution, insolvency or a related field, and substantial experience in project design and implementation;
* Understanding of the legal environment in MENA;
* Knowledge of either Arabic or French, plus strong English communication skills is essential.
1818 H St NW
Washington, DC 20006
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