WBG Pioneer - Infrastructure Intern

WBG Pioneer - Infrastructure Intern

Description

WBG Pioneers, the World Bank Group’s Internship Program, offers undergraduate and postgraduate students a high impact learning experience at the heart of global development. Participants gain hands on experience in a diverse and dynamic environment, contribute fresh perspectives and innovative ideas, and connect with international professionals working to end poverty on a livable planet.

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed a record US$56.1 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

Infrastructure is one of IFC's strategic priorities. IFC's Infrastructure department supports the World Bank Group's aim of improving access to efficient, reliable, and affordable infrastructure for the poor in emerging markets. The team is responsible for originating and managing IFC's investment activities in the following sectors: Power Generation, Distribution and Transmission, Mining, Transport & logistics, Telecommunications, Water, Waste, Privatized Public Services and other Subnational/Cities financing. IFC's focus in the sector is on: (i) increasing access to basic infrastructure services; (ii) supporting local companies while improving transparency and corporate governance; (iii) exploring new equity and debt investment opportunities and catalyzing foreign direct investments, including co-investments and mobilizing syndicated and parallel loans; (iv) introducing and developing new financial products including through Public-Private Partnerships; and (v) building long-term partnerships with strong global and regional players.

Duties and Responsibilities

• Review and analyze historical and projected financial statements.
• Create and analyze financial models.
• Conduct industry, integrity (KYC), and market research (including pricing benchmarks) and assist in IFC's business development efforts.
• Review company information and prepare reports based on financial statements, project progress reports, and other client submitted information.
• Help elaborate indicative proposals for potential clients.
• Participate and support in the structuring of new transactions along with senior members of the team. Prepare investment committee materials, evaluate, structure, negotiate, and close new transactions.
• Prepare documentation for IFC internal processes.
• Participate and provide analytical support in negotiations.
• Participate in the monitoring of investments, including compliance with IFC financial, environmental, insurance, and legal requirements. Support portfolio investments, including credit risk assessment, financial analysis, processing waivers, disbursements, etc.
• Participate in due diligence processes, with exposure to clients’ operations.

Selection Criteria

The following are requirements (candidates will only be considered if they meet all of them):

• Candidates must be currently enrolled in, or in the final year of, an undergraduate or postgraduate (master’s/PhD) program
• Ability to conduct business in English and in one of Portuguese or Spanish, both verbally and in writing
• 1+ years of relevant experience, which could include project finance, private equity, investment and commercial banking, experience in infrastructure either as a lender, advisor, or investor
• Strong knowledge of Excel and financial modeling, and ability to analyze and form conclusions from financial information
• Be highly motivated, willing to travel and work hard, be committed to the highest ethical standards, and ability to interact with colleagues from different backgrounds

The following are highly desirable, but are not requirements:

• Experience in infrastructure transactions in LAC, preferably in Brazil.
• Project finance modeling experience.
• Level 1 or higher CFA certification.
• Interest and knowledge of relevant infrastructure and regional sector trends.
• Verbal and written communication skills in Spanish and Portuguese.
• Familiarity with AI tools to automate work.

Note: Please limit your applications to a maximum of three positions. Applications exceeding this limit 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.

The World Bank Group values diversity and encourages all qualified candidates who are nationals of World Bank Group member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.