Nepal Infrastructure Bank Limited (NIFRA) Vacancy for Chief Executive Officer

Re-Vacancy Announcement

Chief Executive Officer (CEO) 

Nepal Infrastructure Bank Limited (NIFRA), the first and only Infrastructure Development Bank in Nepal, promoted mainly by the Government of Nepal and Financial Institutions, hereby invites applications from Nepalese candidates for the position of Chief Executive Officer (CEO). The CEO shall be responsible for the overall operations of the Bank, including building the core strategies and achieving results around below listed six pillars of the Bank which have been considered as Critical Success Factors for achieving the Bank’s vision and strategic direction of being recognized as nodal financial institution for bridging infrastructure financing gap of the country. 

• Raising ‘Low-cost long-term’ investable funds from domestic and international capital markets by issuing different innovative instruments as well as blended capital for financing infrastructure projects/SPVs; 
• Ideation, structuring, financing and life-cycle management of infrastructure projects through application of various models (PSP/PPP etc.) and develop infra-excellence competencies to add fee-based revenue; 
• Capital and Asset-Liability Management (ALM) Planning in view of unique nature of infrastructure development banks; 
• Engaging with regulators, government agencies and other stakeholders to have policies and best practices which play an enabling role in accelerating investment in infrastructure; 
• Enhancing the overall risk management, governance and safeguards; 
• Improving profitability indicators to meet shareholders expectations and expanding organizational interface and credibility among domestic and international stakeholders.

Minimum Educational Qualification and Experience: 

• Possess Master’s Degree in management, banking, finance, monetary, economics, commerce, accountancy, statistics, accounting, mathematics, business administration or law. 

• Having work experience of at least ten years at an officer level or above in the banking or finance sector, government entity, corporate body, university or an international institution or organization performing similar functions after completing chartered accountancy or bachelor’s degree in management, banking, finance, monetary, economics, commerce, bookkeeping, statistics, accounting, mathematics, business administration or law. 
• Possess work experience at executive level in Banks and Financial Institution. 
• Possess professional experience related to investment and banking ➢ Substantial proven experience and exposure on developing innovative products of sourcing low-cost investable funds (debt funds/green funds/growth funds/on-lending/ECB etc.) from domestic and international financial capital market. 
• The Infrastructure Financing/ Project Financing/PPP related education shall be preferred. 
• Experience in origination of an infrastructure pipeline eligible for blended financing and TA support shall be preferred. 
• Substantial experience and exposure in identification, preparation, analysis, structuring, procurement and financing infrastructure projects. The leadership experience in Development Financial Institutions, Infrastructure Development Banks and Financial Institutions shall be preferred. 
• Be eligible to be appointed as CEO as per the prevailing laws of country and directives/regulations of Nepal Rastra Bank and does not possess any grounds of disqualification as per the prevailing laws of country and directives/regulations of Nepal Rastra Bank.

How to apply: 

Interested candidates meeting the above requirements are requested to apply with their updated resume, evidence supporting academic qualification/work experience and business plan for one strategic period (5 Years) covering critical success factors as stated above at email address vacancy@nifrabank.com by not later than 5:30 PM NST of 17 June, 2024. However, no further application is required from individuals who have previously applied for the position.

Only Shortlisted candidates will be called for further selection process. The Bank reserves the right to accept and reject any or all application without assigning any reasons whatsoever.