Chief Executive Officer - Islamic Corporation for the Development of the Private Sector (ICD)

Job Description

THE ICD: The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution and is the private sector arm and a member of the Islamic Development Bank (IsDB) Group. ICD was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to the governments and private companies, and encouraging cross border investments. ICD has an authorized capital of $4 billion. Currently, the shareholders of ICD are the IsDB, 55 member countries and five public financial institutions. For information on ICD, please refer to its website: https://icd-ps.org THE POSITION: The CEO, reports to the ICD Board of Directors (BOD) under the direct supervision of the BOD Chairman (IsDB President). He/she ensures the delivery of projects that help promote private investments in ICD member countries that will have significant development impact and will lead to accelerated, sustainable, and inclusive growth. The CEO is the chief administrative officer of the Corporation and manages its day-to-day operations across the corporation. KEY FUNCTIONS:

• Lead upstream, investment and advisory activities, taking responsibility for setting country strategies, client mapping, business development, origination, and execution of private sector engagements across functions, sectors, products, and initiatives.
• Assume P&L responsibility for the Corporation and accountability for business plan implementation, including achievement of development goals, investment targets and portfolio quality.
• Foster strong relationships with IsDB Group counterparts to identify collaboration opportunities, enhance synergy, improve client and business delivery, and ensure that the IsDB Group country strategies (MCPS) are aligned and reinforce ICD objectives in member countries.
• Contribute actively to business development leveraging wide suite of IsDB Group knowledge products to enable a stronger business environment and facilitate the development of external financing platforms and initiatives.
• Manage client relationships and develop client strategies.
• Build and foster strong relationships with DFIs, co-financiers, donors, and other private and public institutions.
• Represent the corporation in high level internal and external events and develop ICD’s “brand” in member countries.
• Promote continuous learning and catalyze new ideas, business models, partnerships, and innovation in ICD’s response to client, country and global development challenges. Interact with the members of ICD Board of Directors and actively participate in the Board Meetings, as well as chair technical briefings and other meetings.
• Provide overall leadership and people management of the corporation, including hiring and developing diverse talent to achieve business objectives.
• Manage overall budget for the corporation with a goal to increasing efficiency and effectiveness.

Specific Job Qualifications and Experience:

• Postgraduate qualification, preferably in economics, finance, business administration or any field related to the business of the IDB Group.
• Minimum 20 years of broad work experience in development of private sector, development finance and economic development, of which a minimum 10 years of leadership and managerial experience.
• A proven track record of at least 5 years in a CEO / senior management position at a major or medium-size institution, preferably an international development institution or a multinational corporation that specializes in development of private sector.
• High ethical standard, commitment to development and a proven track record showing alignment with the IsDB Group and ICD’s mission, strategy, and values.
• Results oriented, strong track record of business delivery, demonstrated investment experience, superior business judgment and established professional credibility.
• Strong understanding of investment and advisory businesses.
• Demonstrated ability to lead effectively and manage a large and dispersed team in a dynamic and multicultural environment and attract high caliber people and nurture their development.
• Demonstrated ability to think strategically, prioritize effectively, mobilize resources, and deploy them flexibly, ability to translate broad strategies into specific objectives and action plans and align the organization to support strategic priorities and ability to set strategic direction and ensure implementation.
• Ability and willingness to make decisions, take accountability and hold others accountable for results; strong track record of producing quality results in an environment of teamwork and accountability.
• Ability to work collaboratively in a complex organization, with superior influencing and interpersonal skills.
• Capacity to build strong client relationships that lead to results oriented and development focused partnerships.
• Interest in and ability to drive innovation and change, and to bring together groups that are used to working autonomously to solve problems and identify new opportunities.
• Ability to cultivate an active network of relationships inside and outside the corporation.
• Excellent written and oral communication skills to represent publicly the ICD and IsDB Group’s viewpoint in global forums and settings.
• Fluency in English. Good knowledge of Arabic and/or French will be an advantage.
• Experience at multilateral development bank is a plus.

Additional Information

Applicants who fully meet this position’s requirements and are considered for further assessment will be contacted. The Islamic Development Bank Group is an equal opportunities employer. Female candidates are strongly encouraged to apply.

The deadline of applications is on 30 September 2022.

About the Organization

Who we are

The Islamic Development Bank is a multilateral development bank (MDB), working to improve the lives of those we serve by promoting social and economic development in Member countries and Muslim communities worldwide, delivering impact at scale.

We provide the infrastructure to enable people to lead better lives and achieve their full potential.

Our Mission

• We believe all people have the right to live in dignity and prosperity, and that nurturing economic growth is the best route out of poverty.

• We equip people to drive their own economic and social progress at scale, putting the infrastructure in place to enable them to fulfil their potential.

• We build collaborative partnerships between communities and nations, across the public and private sectors.

• We foster innovative and sustainable solutions to the world’s greatest development challenges, as we work towards the UN Sustainable Development Goals.