Senior Esg

2 weeks ago


Jeddah, Saudi Arabia Islamic Development Bank Full time

Job Purpose

Responsible for the Environmental, Social and Governance (ESG) aspect of IsDB funding via Sukuk issuances as well as managing investor relations for IsDB. Expected to execute all professional tasks related to obtaining and addressing ESG Ratings from the ESG Rating Agencies and issuance of Green, Social and Sustainability (GSS) and any other labelled Sukuk issuances, in addition to investor outreach and engagement. Tasks to be executed considering funding requirements, risk mitigation and structuring issues to comply with the guidelines of the IsDB Group Shari’ah Board and meeting the Credit and ESG Rating Agencies’ rating criteria. Technically and professionally guide and coordinate the work of lesser experienced team members and provide expert level advice to the Member Countries for any Islamic capital markets related matters. In addition, to serve as the focal point for investor engagement and the IsDB Sustainable Finance Task Force.Key Accountabilities
**Capital Markets Management**
- Participate in the preparation of the yearly resource mobilization plan, covering the target size, terms, currency and tenors in compliance with approved policies and guidelines.
- Participate in the resource mobilization activities from capital markets for IsDB-OCR through Sukuk issuance (including instrument creation in Misys), considering both the normal funding and stress test requirements; structures the issues and obtains clearance from the relevant committees as well as approvals in line with the Delegation of Authority
- Coordinate with all relevant stakeholders to undertake the yearly update of the Sukuk MTN Program, including the need to upsize and change the Sukuk structure and obtain the necessary approvals in line with the Delegation of Authority and liaising with the counsels and listing authorities.
- Review the relevant research and recommend Joint Lead Managers (JLM), trustees, paying agents and other related parties for the capital markets’ activities, undertaking regular review of their performance to promote IsDB Sukuk in the markets.
- Participate in deal and non-deal road shows (including JLM events/forums) independently or in co-ordination with the selected Lead Managers for Sukuk issuance.
- Oversee the documentation process of new funding / Sukuk with internal and external parties such as external legal advisors, external auditors, rating agencies etc. to ensure timely and accurate preparation of respective documents.
- Coordinate with all relevant stakeholders for the successful organization of significant flagship events such as IsDB Annual Meeting side events and Sukuk workshops in various regions / Member Countries.
- When requested, provide expert advice and assistance to Member Country institutions with knowledge sharing on matters related to Sukuk.

**ESG**
- Execute any and all tasks to support the IsDB Sustainable Finance Task Force to execute its mandate.
- Manage the update process of the IsDB Sustainable Finance Framework in line with latest best market practices/principles by coordinating with all relevant stakeholders.
- Manage the labelled Asset Register of the Bank to ensure accurate project information is recorded as approved by the Task Force.
- Coordinate with all the relevant internal business units to monitor the labelled Assets of the Bank throughout the tenor of the relevant labelled Sukuk, and refer any actions to be taken by the Task Force.
- Participate in the development of new ESG/financial products for the Bank's financing, funding, and hedging activities.
- Lead the preparation of Impact Reports of labelled Sukuk issuances (Green, Sustainability, etc.) with guidance from the Task Force and consolidating input from all the relevant internal business units.
- Act as the focal point for coordination between internal business units and external ESG rating agencies for Second-Party Opinion (SPO), Ratings assessment and post-issuance verification exercises.

**Investor Relations**
- Support the formulation of an investor relations plan that includes stock-taking and maintaining the current investor base (by including their feedback), identifying an optimum mix and conceptualizing targeted initiatives in different regions around the world with the aim of creating new relationships and expanding the investor base of the Bank.
- Create presentations and other relevant communication materials for audited financial statements, material organizational updates, IsDB events and participation and disseminate to investor teams.
- Manage the electronic distribution list of investor teams.
- Manage the Investor Relations section of IsDB’s public website, including publishing the latest information and documentation relevant for IsDB Sukuk issuances.
- Monitor any unsolicited reports published by external analysts / rating agencies and provide briefs to senior management along with clear action plans for improvement in any areas that may require enhancements.
- Proa


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