About the Job
CDC has a range of specialist staff within its Impact Group who support the design and delivery of its impact agenda. These teams include:
- Environment and Social Governance Impact: A team of 24 based in London and Mumbai which is involved in all CDC investments and provides assurance that CDCs Code of Responsible Investing is met in all deals, and that CDC is proactive in helping its borrowers, investee companies and fund managers achieve larger and more positive E&S impacts (adding ESG value to CDC transactions/portfolio companies)
- Development Impact: A team of 20 based in London who support investment teams in the articulation of development theses for each transaction and who monitor investments to ensure that development impact claims are achieved
- Value Creation Services: A team of 10 based in London who provide strategic advice and guidance across CDC on gender/ women’s economic empowerment, job quality, human capital development and climate change
Purpose The Executive’s primary role will be to work primarily with the SMART team (essentially real sector businesses and private equity funds focussed on sectors including services, manufacturing, agribusiness, real estate and technology space) to ensure that the requirements of CDCs Code of Responsible Investing are met. Specifically, this will involve due diligence, portfolio monitoring, technical advice and value add to investees/ PE funds, as well as participation in broader ESG-I team activities.
The successful candidate would ideally also have a strong and demonstrable track record in social impact or labour / working conditions in relation to private sector investment.
The successful candidate will:
- Work with the ESG I team to support due diligence (DD) of SMART transactions including, but not limited to, (i) commissioning and managing E&S DD processes, (ii) developing and negotiating E&S Action Plans with companies and PE funds, (iii) participating in Investment Committee meetings and quarterly portfolio meetings, (iv) agreeing E&S aspects of legal and investment agreements and (v) active portfolio management of CDC’s SMART portfolio companies. A significant portion of time will be spent with private equity funds portfolio.
- Work closely with CDC investment teams to ensure they are fully able to articulate and support CDCs E&S requirements;
- Work with selected SMART private equity funds and companies to improve their E&S management systems, (including policies and procedures) and their overall E&S performance. As part of this, monitor and support companies with the implementation of E&S action plans,
- As necessary, engage external E&S service providers/advisors to support CDC with the E&S DD and monitoring of transactions;
- Monitor investee compliance with CDC’s Code of Responsible Investing and other relevant policies and strategies (including climate, gender, job quality);
- Work with other ESG I team members to develop and implement a range of E&S tools and guidance (including a soon to be launched ESG toolkit for FS companies), training and capacity building, as well as internal procedures and processes to enable our clients to demonstrate and assure appropriate E&S performance;
- Represent CDC at external events, workshops and conferences as required;
- Support the delivery of E&S training, both for CDC’s internal teams and for CDC’s portfolio companies and Funds;
- Contributing to periodic reports on E&S matters for internal and external parties, including CDC’s Board and FCDO.
- Work with the ESG I colleagues on ad hoc projects such as case studies and “lessons learnt” analysis, analysis of trends in assessing development impact particularly with relation to E&S matters across the portfolio.
- Maintain a keen focus on social matters including labour and working conditions, occupational health and safety, human rights, community and stakeholder engagement and land acquisition processes. Specialist skillset in this area will be looked upon favourably.
Responsibilities Responsibilities include, but are not limited to:
- Conducting E&S DD and monitoring of transactions – build up a product specialism and portfolio in the private equity funds space but able to deploy sector and topic skills in addition
- Providing guidance and support to ESGI and Impact Group colleagues on a range of social matters as defined above.
- Supporting CDC portfolio companies (drawn principally from fund managers and their investees but also substantially CDCs debt and equity portfolios) to implement better E&S practices and to deliver positive E&S impact;
- Interacting with external stakeholders to inform the wider development community about CDCs work, and to leverage support and collaboration as appropriate;
- Meeting with companies, institutions and fund managers as well as visiting portfolio companies as part of CDC’s due diligence and on-going portfolio monitoring;
- Supporting E&S training for CDC’s internal investment teams and for CDC’s investees.
- Providing internal quality control, consistency reviews and implementation support to the ESG I and investment team;
- Collecting E&S information as part of CDC’s knowledge management system;
- Collate lessons learnt to provide CDC with guidance on how to deliver bigger and more impactful change, and to develop case studies and guidance for CDC and wider audiences;
- To specifically consider how to leverage and scale CDC corporate priorities in gender/ Women Economic Empowerment, climate change and job quality;
- Provide input to quarterly reports, Board and shareholder meetings and other forums at which the E&S performance of the portfolio is being discussed.
Our Values We look for team members whose values and aspirations demonstrably align with ours. At our best, at CDC we are:
- Impact-led and commercially rigorous
- Tenacious in the face of challenges
- Collaborative and caring
CDC is committed to diversity and inclusion and welcomes all applicants regardless of gender, age, educational background, national origin, ethnic origin, disability, sexual orientation and religion.
- Advanced degree (M.Sc. or equivalent) in a relevant discipline, preferably environmental or social development studies; development studies / development finance; or a similar area. CFA or related qualifications, or labour audit experience would also be useful;
- Close to ten year’s practical work experience in banking or non-banking financial services (including via consulting or advisory roles) with experience in emerging markets relevant to CDC.
- Strong collaborative skills and a proven ability to work in a collegiate and supportive manner in a matrix environment;
- Strong communication skills, including report writing, use of PowerPoint and diagrams to present information in a concise format, and oral communication;
- Effective negotiation skills, including the ability to be persuasive as well as to listen and pragmatically identify when compromise is required;
- Highly motivated and results driven;
- Strong analytical and problem-solving skills;
- Excellent logic reasoning and structure in thought and communications;
- Demonstrated ability to independently manage and prioritise a busy and diverse workload with a range of deliverables for a variety of stakeholders;
- Enjoy working as part of a team, collaborating and coordinating where appropriate;
- Ability to support and mentor colleagues, as well as to take on board advice;
- Good judgement and attention to detail.
- Practical experience and knowledge of E&S issues as they apply to CDCs SMART clients (including in the development of E&S policies and procedures, E&S management systems, capacity building and E&S governance;);
- Insight into the challenges associated with implementing E&S improvements in CDCs SMART portfolio;
- Familiarity with the application of IFC Performance Standards to investments;
- Experience assessing the appropriateness of E&S management systems of financial institutions;
- Knowledge of how FS companies can assess and manage climate change-related risks and impacts, desirable. This shall include familiarity with the work and recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Please provide a cover letter with your application Salary: Competitive
CDC Group plc
- CDC is the UK’s development finance institution. Founded 70 years ago, we invest in the most challenging markets of Africa and Asia with the aim of supporting economic development. CDC has net assets of £6.4bn and a portfolio of £4.7 billion.
- In 2019 we committed over £1.66 billion of capital to business in Africa and Asia and are now invested in 1,200 businesses which directly employ over 875,000 workers and support many more.
- CDC is wholly owned by the UK government, who has committed a further £3.5bn of capital for CDC to deploy over the next two years. In 2020 we have expanded our presence in Africa and Asia by opening new offices. At CDC, we take an entrepreneurial approach to investment. We think innovatively about ways to deploy our capital, attract and mobilise other investors, and drive transformational impact. Primarily, CDC invests to achieve impact and a financial return which is reinvested into more businesses. We aim to create jobs and accelerate economic prosperity and focus on sectors that will do this; manufacturing, food and agriculture, infrastructure, financial institutions, construction, health and education. CDC works with likeminded ambitious people who are primarily motivated by our mission to deliver impact. We are a growing team of over 450 and place immense value on diversity within our organisation. ** Read more about us on our website "www.cdcgroup.com":https://www.cdcgroup.com/en/