Principal Industry Specialist - Metals & Mining
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Job #: |
req33139 |
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Organization: |
IFC |
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Sector: |
Mining/Geology |
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Grade: |
GH |
| Term Duration: | 3 years 0 months |
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Recruitment Type: |
International Recruitment |
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Location: |
Washington, DC,United States |
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Required Language(s): |
English |
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Preferred Language(s): |
French, Spanish |
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Closing Date: |
5/19/2025 (MM/DD/YYYY) at 11:59pm UTC |
Description
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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.
IFC, a member of the World Bank Group, is the largest development institution focused exclusively on the private sector. We support developing countries to achieve sustainable growth by financing private sector investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.
IFC's Metals & Mining team works with private sector companies and coordinates closely with the World Bank's policy team that works with governments on mining regulations. IFC’s strategic focus is to support the responsible and sustainable development of the minerals needed for industrial growth, economic development and affordable energy access. The team works with a wide range of investment products, from project finance and corporate loans on the debt side to equity and quasi-equity in private or listed companies. To support the growth of this business, IFC is seeking an experienced candidate with a solid technical background and sound business judgment for the position.
The Principal Industry Specialist (Mining Engineer/Metallurgist) will contribute to the strategic planning and execution of IFC's involvement in the metals and mining sector and its sustainable development strategy. The role will involve fully participating in new business development, investment appraisal and portfolio supervision activities, keeping updated with latest industry and market trends, and producing research articles related to the industry. As a Principal Industry Specialist in the Metals & Mining team, the individual will play an important role in helping IFC identify investment opportunities, meet client needs, and manage assets, while promoting positive and sustainable development outcomes. The position will be based in Washington, DC.
Duties and Accountabilities:
The successful candidate will work closely with the Metals & Mining team in coordination with the Principal Industry Specialist:
• As a member of multi-disciplinary teams, the successful candidate will look for, screen, appraise, and supervise metals and mining projects in the exploration, development, operation and expansion stages.
• Work with the metals and mining team, to develop business strategy including target commodities (e.g., bulk commodities, base metals), regions and clients, to including potential midstream and downstream opportunities in the value chain (such as smelters).
• Participate in business development to build a strong pipeline of investment opportunities including leveraging networks and helping to build client relationships.
• Assess the technical and commercial merits of metals and mining projects, as well as the quality of potential investee management and technical teams, to assist in the early-stage screening and detailed due diligence of investment proposals.
• Help to recruit and supervise Lenders' Independent Engineering firms including drafting terms of reference and review reports produced by them.
• Assist in the metals and mining portfolio management, through monitoring and supervision of projects which IFC finances including periodic site visits and regular review of project progress.
• Work with investment colleagues to ensure technical risks are captured in financial models, including reviewing commodity price projections and markets.
• Work with other specialists, e.g., environmental and social development specialists, to ensure technical risks are captured in their respective disciplines.
• Work with team and specialists on climate mitigation solutions, including adaptation and climate-resilient operations, support resource efficiency efforts in mining operations.
• Contribute to knowledge management to support the metals and mining team including commodity analysis and technical presentations, compile and disseminate relevant sector knowledge.
• Supervise and guide other industry specialists in the metals and mining team.
Selection Criteria
• Graduate degree in engineering or metallurgy (or related discipline) with emphasis on mining, mineral processing, or smelting and refining.
• Broad experience (20+ years minimum) in the metals and mining industry combining operations and project development, with a deep understanding of the interface between technology, operations management, technical parameters, and financial viability of mineral projects.
• Expertise in some of the following areas: ore resources/reserves, mining techniques, mine planning, mineral processing, midstream and downstream operations such as smelting and refining, project development, environmental and social considerations, cost estimation (capital and operating), project engineering and construction, feasibility studies, competitive positioning and benchmarking, and markets for metals and industrial minerals.
• Excellent communication skills, both written and verbal, in English; fluency in one or more of other major languages is a plus.
• Computer literacy is required.
• Prior experience in working for a bank / investment fund in appraising metals and mining investments is a plus.
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.
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.
