Director, Innovative Financing Solutions Unit

at  The OPEC Fund for International Development

Vacancy Number: 1940
Deadline: April 10, 2024
Department/Unit: Strategy Department / Innovative Financing Solutions Unit
Job Category: Management
Grade Level: H

QUALIFICATIONS AND EXPERIENCE

• Master’s degree in economics, finance, strategy, business management or a related field.
• A minimum of ten (10) years relevant professional experience in the finance sector with large international development finance institutions or international organisations, including at least 5 years at a managerial level developing innovative finance or blended finance solutions for projects in emerging market economies.
• Strong understanding of the development finance space.
• Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.

Innovative Financing Solutions Leadership and Development

• Provides strategic leadership to the Innovative Financing Solutions Unit, including the development of implementation plans and annual work plan of activities that align with the organization’s objectives and the OPEC Fund Strategic Framework 2030.
• Drives the development and implementation of thematic or sectoral innovative financing solutions, including grant-based initiatives, to mobilize external resources for organizational operations and program outcomes.
• Contributes to the development of innovative financing vehicles in coordination with the Private and Public Sector Departments and other internal stakeholders.

Functional Strategy

• Coordinates the Strategy Department’s efforts to design innovative financing strategies aligned with the OPEC Fund’s long-term strategic objectives.
• Assesses the progress of implementing innovative financing plans and evaluates their strategic implications.
• Develops a capacity building plan for building knowledge of the OPEC Fund’s Employees on innovative finance approaches for sectoral, regional or thematic activities

Horizon Planning

• Leads the analysis of external trends to determine their impact on the organization’s innovative financing strategies.
• Assists the Vice-President, Strategy, in responding to emerging international issues within the context of Innovative Financing Solutions.

Partnership Development and Stakeholder Engagement

• Shapes the OPEC Fund’s relationships with Multilateral Development Banks (MDBs), international organizations, philanthropic institutions, and bilateral agencies at an institutional level, focusing on innovative financing collaborations.
• Establishes partnerships with MDBs, UN agencies, philanthropies, and other institutions, expanding collaborations for innovative financing.
• Represents the Innovative Financing Solutions Unit at external events, meetings and on missions, enhancing institutional knowledge management aligned with strategic objectives, and building relationships with counterparts from potential partner institutions.

Portfolio Management and Oversight

• Oversees the origination, development, and management of innovative financing solutions, ensuring compliance with agreements and the Strategic Framework 2030.
• Manages partner and internal reporting processes, ensuring quality and timeliness.
• Coordinates resource allocation in collaboration with Operations departments.

Advice

• Provides advice, recommendations, and suggestions for improving the efficiency and productivity of the Innovative Financing Solutions Unit.

Carries out tasks assigned by the Vice-President, Strategy.