Chief/Principal Investment Officer - Subnational Finance Sector

Chief/Principal Investment Officer - Subnational Finance SectorThe World Bank Group is seeking a Chief/Principal Investment Officer for the Subnational Finance Sector to lead business delivery and growth. This role involves guiding investment teams globally, developing scalable solutions, and fostering knowledge sharing across the organization. The selected candidate will manage relationships with key stakeholders and oversee a dedicated team, ensuring best practices are shared across regions. The position requires significant experience in infrastructure sectors and a strong understanding of both public and private sector dynamics.Candidate Requirements:12+ years of relevant experience (15+ preferred)Significant investment experience in municipal and environmental infrastructureMBA or master's degree in finance or economicsProven understanding of subnational business dynamicsStrong transaction experience in business development and portfolio managementAbility to build relationships with city clients and government authoritiesStrong analytical and problem-solving skillsExcellent communication skills in EnglishExperience working in Emerging MarketsWillingness to travel extensivelyThe 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.Duties and Accountabilities:Ensure that WBG and IFC is at the forefront of the development debate, and a premier private sector financier and thought leader in the subnational finance sector.Lead the development of integrated IFC-World Bank replicable and scalable solutions and knowledge products that combine investment, advisory, and upstream engagement to strengthen client impact and pipeline development, working in tandem with public sector financing colleagues on the World Bank side and IFC regional colleagues.Leading business delivery and growth in IFC's subnational investments. Being the focal investment specialist providing guidance to management and investment teams globally in business development, project structuring, execution and portfolio management.Lead Knowledge Bank's and IFC's global business strategy development and implementation in subnational finance, working closely with the unit manager, senior colleagues from other WBG units, and external stakeholders.Lead thought leadership, knowledge sharing and dissemination across WBG, with an emphasis on knowledge to support IFC business development, market creation, innovation, and risk management.Lead 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. Oversee the strategy and work of the Global Cities Platform.Manage relationships with key stakeholders in the Cities space such as other multilateral development banks, and city organizations.Actively monitor industry and market trends, participate in industry functions, and build sector relationships globally.Lead a dedicated team of and be responsible for their deliverables, mentoring, coaching and career development.Selection Criteria:At least 12 years of relevant experience (15+ years of relevant experience strongly preferred) in the infrastructure sectors.Significant investment and sector experience in municipal and environmental infrastructure. Experience in capital market transactions/sustainability finance would be a plus.MBA or master's degree in finance, economics, or relevant educational qualifications.Proven understanding of the public sector and private sector side of the subnational business and an integrated One WBG vision to develop and expand the sector in Emerging Markets.Proven ability and interest in synthesizing subnational sector dynamics, challenges, opportunities and active engagement in knowledge creation and dissemination.Strong transaction experience in business development, origination, structuring, and portfolio management of infrastructure transactions in Emerging Markets.Experience and understanding of advisory and upstream projects.Ability to build and maintain strong relationships with city clients, government authorities, industry groups and experts.Proven strong analytical and problem-solving skills and sound business judgment to identify issues and present creative and practical solutions.Capacity to deal with conflicting, unpredictable priorities in highly responsive manner and deliver high quality work through peer leadership across regional/industry boundaries.Collaborative work style, enjoys working with teams.Excellent communication skills in both oral and written English; Familiarity with social media and willingness to explore all creative avenues to enhance WBG/ IFC/team profile and establish/consolidate WBG/ Knowledge Bank's/ IFC's branding. Public speaking will be an integral part of the role.Highly motivated and proactive, committed to highest ethical standards Interest in the World Bank Group and IFC's mission, strategy, and values.Experience of working in Emerging Markets and willingness and ability to travel extensively.Fluent in English; other languages a plus.As the World Bank Group continues to evolve, we value candidates who:Demonstrate the ability to collaborate effectively across teams, disciplines, cultures, and institutional boundaries.Responsibly leverage digital and AI-enabled tools to enhance productivity, learning, and decision-making.Bring experience working in fragile, conflict-affected, and violent (FCV) contexts and are encouraged to highlight relevant experience in their application materials, where applicable.WBG Culture Attributes:Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.World Bank Group Core CompetenciesThe 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.