Graduate Social Impact Intern, Women’s World Banking Asset Management, Summer 2024
Overview
Summary
About Women’s World Banking Asset Management (WAM)
WAM is a wholly-owned subsidiary of Women’s World Banking. It manages the Women’s World Banking impact investment program, including a co-managed USD 50M private equity fund, WWB Capital Partners, LP (Fund I), and a solely-managed USD 100M private equity fund, WWB Capital Partners II (“WWBCP II” or “Fund II”). WWBCP makes direct minority equity investments in high-performing, women- focused, inclusive finance institutions worldwide, and provides technical assistance to improve client and staff gender diversity.
About Women’s World Banking
Women’s World Banking is the global leader in women’s financial inclusion. Rooted in our deep understanding of the women’s market, we tackle financial inclusion in three interconnected ways: first, by partnering with financial services providers to develop scalable market-driven solutions; second, through our gender-lens private equity funds; and, finally, because diverse institutions are proven to be stronger, we build institutional capacity through leadership and diversity programs. Through this holistic approach and our global reach of 51 institutions in 28 countries, we accelerate economic opportunity for low-income women and growth for financial service providers in the emerging markets.
Roles and Responsibilities
PURPOSE OF THE ASSIGNMENT
The WAM team seeks an intern (the “Intern”) to provide support for impact measurement and management initiatives for the fund. Please note that internship will be virtual with the option for a hybrid work schedule in our New York office. Academic credit is mandatory.
LEARNING OPPORTUNITIES
The Intern will gain valuable insight and experience in the area of social/impact investment vehicles and impact management programs.
Roles and Responsibilities
The Intern will assist with the following:
- Testing and refining an impact scorecard.
- Monitoring portfolio company impact metrics.
- Impact management program and policy development, including literature review.
- Development of country-level impact reports for use in investment due diligence.
- Review of industry standards such as IRIS+ and HIPSO to ensure WAM’s impact metrics include the most up-to-date versions of impact metrics.
- Drafting impact and ESG disclosure statements.
Required Qualifications
Candidate profile
- Be working towards a related graduate degree (e.g. business, finance, international relations); previous experience working in social impact or for an impact investment fund is preferred.
- Proficient in MS-Excel.
- Self-starter who can work under pressure and manage and prioritize tasks effectively.
- Strong written and verbal communication skills.
- Familiarity with IRIS+, HIPSO, SFDR, and the Operating Principles for Impact Management a plus.
About Women's World Banking
We believe in being a force for the greater good, devoted to accelerating and growing the financial inclusion of women. With rapidly changing markets, influenced by technology and social behavioral expectations, we are embarking on a new chapter to transform the way we design and implement solutions.
For over 40 years, Women’s World Banking has partnered with financial institutions, showing them the benefit of investing in women as customers. We equip these institutions with in-depth research and data driven insights to develop financial products and educational programs. While our clients are financial service providers, our mission is to engage consumers – women who are marginalized by financial systems.
Women’s World Banking and WWB Asset Management is an equal employment opportunity for all regardless of race, color, citizenship, religion, national origin, sex, sexual orientation, gender identity or expression, age, disability, veteran or reservist status or any other category protected by federal, state or local law.
