Principal Industry Specialist - Mining

Job #:	141494
Title:	Principal Industry Specialist - Mining
Job Stream:	Other
Location:	Washington, DC
Closing Date:	02/01/2015
Background / General description:
Our mission is to help developing countries realize long term economic benefits from sustainable mine development. Mining is an important industry for many of the world's poorest countries as it can provide jobs, economic opportunities, infrastructure, revenues to government, and other benefits for local communities. We work with private sector companies and coordinate closely with the World Bank's policy team that works with governments on mining regulations and revenue use. We have investment teams based in over 20 countries that draw on their global expertise in delivering advice and innovative financing solutions to clients around the world. IFC’s mining team is responsible for managing IFC’s investments in exploration, development, and production stage mining companies or projects. Our strategy includes targeting equity upside opportunities with junior mining companies while also supporting transformational mining projects of national or regional importance. 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 a highly experienced candidate with a solid technical background and sound business judgment for the position of Technical Advisor/Mining Specialist. Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, he/she will retain his/her Regular or Open-Ended appointment. All others will be offered a 3 year term appointment. Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3 year term appointment.
Duties and Accountabilities:
- As a member of multi-disciplinary teams, the successful candidate will look for, screen, appraise, and supervise mining projects in the exploration, development and expansion stages;  - Participate in business development to build a strong pipeline of investment opportunities; - Assess the technical and commercial merits of 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; - Assist in mining portfolio management, through monitoring and supervision of projects which IFC finances including periodic site visits, regular review of project progress, and coordination with the financiers/banks with whom IFC co-invests; - Contribute to the mining team’s knowledge management, through the development of case studies, preparation and leading of industry overviews and primers, and on-the-job mentoring of non-technical staff;  - Coordinate closely with environmental and social specialists in order to identify and mitigate risks and add value to our clients' businesses; - Extensive international travel required.
Selection Criteria:
- An advanced degree in mining engineering or geology; - Minimum 20 years of international operational/managerial experience with mining companies and familiarity with the business aspects of the mining industry; - Experience in prospect and resource evaluation, particularly in estimating mineral resources and reserves, and feasibility studies; - Experience in the engineering design, costing, planning, procurement, construction, implementation and operation of exploration and mining projects; - Experience in mining business development, particularly in valuation of resources or prospects, including a sound and working knowledge of fiscal and contractual systems;  - Qualifications must include computer literacy in relevant scientific/technical software, excellent communication skills both written and verbal in English;  - Fluency in other languages is a plus.  The World Bank Group offers a stimulating work environment and internationally competitive conditions.

Principal Industry Specialist - Mining