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Senior Program Officer, Credit Usage

Bill & Melinda Gates Foundation

Bill & Melinda Gates Foundation

Operations
Multiple locations
Posted on Tuesday, March 12, 2024

The Foundation

We are the largest nonprofit fighting poverty, disease, and inequity around the world. Founded on a simple premise: people everywhere, regardless of identity or circumstances, should have the chance to live healthy, productive lives. We believe our employees should reflect the rich diversity of the global populations we aim to serve. We provide an exceptional benefits package to employees and their families which include comprehensive medical, dental, and vision coverage with no premiums, generous paid time off, paid family leave, foundation-paid retirement contribution, regional holidays, and opportunities to engage in several employee communities. As a workplace, we’re committed to creating an environment for you to thrive both personally and professionally.

The Team

We work to broaden the reach of low-cost digital financial services for the poor by supporting what we and our partners believe are the most catalytic approaches to financial inclusion. These include promoting the development of digital payment systems that can help spread use of digital financial services quickly, advancing gender equality to ensure that women share in the benefits of financial inclusion, and supporting the development of national and regional strategies that accelerate progress for the poor and can serve as models.

Your Role

We are seeking a Senior Program Officer, Credit Usage to lead this next phase of our work. In this role, you will work across the foundation and the industry to develop and lead a portfolio of investments that align to our new strategy, pushing the bounds of our thinking on how to solve seemingly intractable problems in this space. In addition, you will serve as the internal and external expert on productive credit, continuing to build the foundation’s role as a leader with a point of view in the industry.

This role reports to the Deputy Director, Usage, Gender, and Distribution. The role does not have people management responsibilities but does collaborate extensively with internal and external partners.

This role is a full-time position based either in Washington, DC, or London, UK.


What You'll Do

  • Continue to iterate and improve upon the existing credit strategy in a way that balances innovation, learning, and scaling.

  • Develop a portfolio of investments that aligns to the strategy and that result in measurable financial inclusion impact, especially for women.

  • Collaborate across Inclusive Financial Systems (IFS) and other teams – especially Gender Equality and AgDev – to co-design investments aligned to each team’s strategies.

  • Establish and manage an ambitious but achievable road map for all credit-related work.

  • Set and meet or exceed clear, measurable critical metrics for the credit portfolio.

  • Manage the portfolio of investments for on-time completion of targets and deliverables.

  • Identify key portfolio risks, and develop, communicate, and implement mitigation strategies.

  • Lead a process of systematic learning from successes and failures in the portfolio.

  • Manage the annual budgets to avoid over/underspend while ensuring the highest impact return on investment.

  • Continually hone your expertise in credit by monitoring emerging evidence, innovation, and trends

  • Serve as a spokesperson and represent IFS’ interests as they relate to credit to achieve financial inclusion both internally with other teams and externally with partners, peers, and other collaborators.

  • Work with foundation leadership as requested to address cross-cutting issues and improve functions and performance.

  • Lead the preparation of materials for the annual planning process, strategy reviews, learning sessions, briefings, and submissions to the Global Growth & Opportunity President, CEO, and Co-Chairs, and other deliverables as required.

  • Ability to travel ~30% domestically and internationally.

Your Experience

  • Validated expertise in the design and/or delivery of innovative digital financial services, especially credit, ideally gained as an operator, investor, or other relevant role. A minimum of 12 years of experience is preferred.

  • Practical experience working with the foundation’s target populations to achieve impact in the form of increased incomes and resilience; extensive operational experience gained in the field with our target populations, especially in Sub-Saharan Africa or South/Southeast Asia, is strongly preferred.

  • Domain expertise in either agriculture supply chains and/or microenterprise is also preferred.

  • Experience managing ambitious targets, preferably with full P&L responsibility.

  • Ability to develop a coherent strategy and execute on it; results-oriented with an ability to prioritize, make trade-off decisions, focus, and get things done within a complex organizational structure.

  • Demonstrated capacity to use data and evidence as a tool for problem solving.

  • Experience building partnerships with cross-sectoral, cross-functional teams to tackle complex and multi-faceted problems.

  • Exceptional communication skills – ability to translate complex ideas into a coherent message for diverse audiences. In addition to general communication skills, the ability to communicate in a local language in any of our focus countries is highly valued.

  • A highly cultivated sense of resilience. You can accept and recover from setbacks quickly, adapt well to change, and drive forward in the face of adversity with a positive attitude and sense of humor.

  • Advanced degree in Finance, Economics, Business, or related field from a top university preferred.

  • Demonstrated commitment to the foundation’s core values and mission.

*Applicants for this role will only be considered if they are able to legally work in the country where this position is located without visa sponsorship.

The salary range for this role is $166,300 to $249,500 USD. We recognize high-wage market differences where our offices are located, in Seattle, WA & Washington, D.C. The US range for this role in these locations is $181,200 to $271,800 USD. As a mission-driven organization, we strive to balance competitive pay with our mission and new hires are typically brought into the organization at a salary between the range minimum and the salary range midpoint. Actual placement in the range will depend on a candidate’s job-related skills, experience, and expertise, as evaluated during the interview process.

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Hiring Requirements

As part of our standard hiring process for new employees, employment will be contingent upon successful completion of a background check.

Candidate Accommodations

If you require assistance due to a disability in the application or recruitment process, please submit a request here.

Inclusion Statement

We are dedicated to the belief that all lives have equal value. We strive for a global and cultural workplace that supports ever greater diversity, equity, and inclusion — of voices, ideas, and approaches — and we support this diversity through all our employment practices.

All applicants and employees who are drawn to serve our mission will enjoy equality of opportunity and fair treatment without regard to race, color, age, religion, pregnancy, sex, sexual orientation, disability, gender identity, gender expression, national origin, genetic information, veteran status, marital status, and prior protected activity.