As part of the GIIN’s mission to accelerate the scale and effectiveness of impact investing, we publish job openings from members of the GIIN Investors’ Council and other impact investing leaders.

Impact Executive, Development Impact Management - Financial Services

at CDC Group in London, UK

About the Job

CDC’s Impact Management team is going through a period of growth. We are currently hiring Executives for our team with a focus on Financial Services.

Team and role overview

Purpose

CDC’s Development Impact Management team is market-leading and provides technical leadership to assess, manage and evaluate the impact of our investments. CDC’s objective is to push the boundaries in impact management within a world-class impact framework. We take an active approach to impact management, utilising a framework based on the Impact Management Project’s consensus and the Operating Principles for Impact Management.

Our impact professionals work side-by-side with our investment teams to actively manage the impact of every investment we make. This approach is designed to create deals teams with the professional capability and expertise to reflect our mandate to improve people’s lives, protect the planet and make a financial return.

CDC’s Development Impact Management team is made up of 21 people and operates a matrix structure of Leads organised by sector and regions (e.g Financial Services, Infrastructure & Climate, South Asia), embedded impact professionals who are sector specific and generalist impact professionals who work across products, sectors and regions.

CDC has a longstanding commitment to Financial Services (we have a portfolio of over $2bn invested in financial services across more than 150 investees which represents about one third of CDC’s total portfolio by value). Over the last three years, the team have deployed $1b+ across Africa and South Asia with a strong pipeline of additional investment opportunity. In 2020, the gross loan portfolio of our financial sector investments, converted to US dollars, stood at over $100 billion reaching over 120 million customers.

Responsibilities

The roles are responsible for delivering effective and high-quality impact management consistent with CDC’s Impact Framework within the Financial Services sector. It will report to the Impact Management Lead for Financial Services and have specific responsibilities as the embedded team member for one or more of the Financial Services product teams (Equity, Debt, Financial Services Funds, Trade and Supply Chain Finance and Intermediated Credit). You will play an active role in providing development impact inputs throughout the deal cycle, including strategy development, investment process, portfolio management and responsible exits, in order to deepen the impact on people and planet. Specific responsibilities will be driven by priorities and the dynamic needs of the team at the time, but are expected to include the following:

  • The role is expected to have full visibility of the relevant part of the portfolio where you will manage the workplan and deliver impact management (supported by cross-cutting resources and other colleagues based on the business needs). This includes:
    1. Assessing development impact as part of the investment due diligence process. Working seamlessly with investment team colleagues to inform the investment decision and define the impact objectives and appropriately escalating issues.
    2. Developing a high-quality development impact dashboard for each investment based on the Impact Management Project’s consensus which will involve desk research, facilitating discussions, due diligence and managing external suppliers where necessary. Liaise with other Impact Group teams (e.g. ESG-I, Climate Change and Gender/Diversity) during the investment process where relevant.
    3. Defining the monitoring plan for the investments and post investment, collecting the impact metrics to track actual impact of investments, ensuring analysis is timely and high quality.
    4. Assessing how investments are performing against their initial development objectives, determining when course corrections are required and completing exit reviews, feeding back learning to the investment team and the broader organisation
    5. Actively managing investments to enhance the impact by participating in the design and implementation of initiatives and partnerships.
    6. Developing and delivering strategies for the sector ensuring consistency with CDC wide strategies and frameworks.
    7. Developing sector framework and tools (e.g. benchmarks) ensuring consistency with CDC wide strategies and frameworks.
  • Relationship and representation:
    1. Primary contact point for the relevant Sector team, attending and representing development impact in relevant meetings
    2. Ensuring appropriate communication of priorities, changes to processes and frameworks etc to investment teams
    3. Manage sector-specific relationships including with experts, peers and suppliers.
    4. Represent CDC externally at events in specialist areas
  • Support and contribute to the wider Development Impact team:
    1. Contribute to the continual development of CDC’s impact management framework ensuring tools, systems, policies and capabilities remain world class.
    2. Coach and support cross-cutting resources (and other team members as appropriate) to ensure all activities within the sector are consistent with sector approach.
    3. Developing the overall capability and team effectiveness of the Development Impact team and sharing learnings within the team, the broader Impact Group and the organisation.

CDC is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.

Salary: Competitive

Qualifications

The candidate

Background

  • Strong work experience in a relevant field (such as financial services and trade), preferably as an impact manager within an investment setting or, at a minimum, with a good grounding in development impact management with a private sector mindset.
  • Strong academic credentials. Preferably a Master’s in Economics, Development Economics or equivalent analytical post graduate degree.
  • Work experience in developing countries, preferably in Africa and/or South Asia.
  • Work experience in the financial services sector.

Skills

  • Practical understanding of impact management, private sector development and how to achieve development outcomes through investment with a focus on the priorities of the financial services sector.
  • Experience of making high quality judgment calls to make impact investment decisions and manage impact outcomes. Conscious of costs and benefits and capability to explain opportunities and challenges to investee companies.
  • Understanding of underlying commercial strategies and ability to consider development impact in an entrepreneurial and pragmatic manner.
  • Excellent analytical and problem-solving skills. Confident dealing with complexity and can combine objective quantitative analysis with expert qualitative judgment. Confident in managing data and collating and presenting evidence.
  • Good knowledge and network of third parties in infrastructure sector and impact management who can be leveraged to help deliver enhanced impact with our investee companies.
  • Strong project management, analysis and reporting skills, with the ability to deliver data and insights informed strategic approaches. Able to prioritise tasks and manage multiple work streams simultaneously in a complex and fast-moving environment.
  • Strong communication skills: the ability to describe complex development impact scenarios with accuracy and concision and the ability to explain development impact to non-professionals and across a range of cultural backgrounds.
  • Self-starter with a bias for action who is resilient, with a problem-solving approach.
  • Proven capability of effective team work and strong stakeholder/relationship management.
  • The role will require regular travel, mostly within Africa and South Asia to work with investee companies.
  • An executive level candidate is preferred, but for the right candidate we may also consider a lower or higher level of experience.

Our cultural values

We look for team members who aspire, as we do, to work at our best and to be:

  • Impact-led, commercially rigorous
  • Tenacious in the face of challenges
  • Collaborative and caring

To apply

https://bit.ly/2Wj0Ijf

Please provide a cover letter with your application

CDC Group

Our mission

  • CDC is the UK’s development finance institution. Established in 1948 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 a Public Limited Company and is wholly owned on behalf of the UK government by the Foreign, Commonwealth & Development Office (FCDO).
  • In the last few years, we have expanded our presence in Africa and Asia by opening new offices in Bangladesh, Egypt, Kenya, Myanmar, Nepal, Nigeria and Pakistan with additional locations opening soon.
  • 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 through direct equity, direct debt and funds products 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 like-minded ambitious people who are primarily motivated by our mission to deliver impact. We are a growing team of over 485 and place immense value on diversity within our organisation.
  • Read more about us on our website cdcgroup.com