Program Officer, Transaction Management

The World Bank Group Vision and Strategy

Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group (WBG) is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 190 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. Visit www.worldbank.org.

Global Corporate Solutions and Corporate Real Estate

Reporting directly to the Managing Director and World Bank Group Chief Administration Officer (MDCAO), Global Corporate Solutions (GCS) brings together the functions of Corporate Security, Corporate Real Estate, and Corporate Services (such as food services, printing, travel, conferences, and translation and interpretation).

The World Bank Group's Real Estate Team (WBGRE) plays a crucial role in supporting the World Bank Group legal entities (IBRD, IFC, IDA, MIGA, and ICSID) by developing and operating their real estate assets worldwide. WBGRE's primary purpose is to provide safe, cost effective, sustainable, and functional real estate solutions, enabling business units to perform their work program in line with the WBG's mission to create a world free of poverty on a livable planet.

To achieve its purpose, WBGRE led by the Senior Manager, is structured into 3 divisions: (i) HQ Real Estate Development & Management and (ii) Global Real Estate Development & Management and (iii) Global Strategy and Planning or Center of Excellence (CoE). WBGRE also acts as the Secretariat for the WBG's Real Estate Governance Framework, including supporting the WBG Real Estate Governance process. WBGRE comprises 80+ staff, leverages over 500 contractors, and manages an annual capital investment plan of about $160 million globally. WBGRE works closely with the Bank's regions managing more than 175 country offices.

Job Description

The Program Officer, Transaction Management, oversees all aspects of real estate transactions, including purchase and sales inquiries, due diligence, lease reviews and benchmarking, market intelligence, strategy development, vendor and location sourcing, contract and lease negotiations, governance submissions, portfolio management, planning, reporting, and document execution. They provide guidance to internal and external clients, Managers, and senior leadership, ensuring that strategies and transactions are executed seamlessly and aligned with organizational objectives. The position is based Washington DC or Paris and will report to the Manager, International Real Estate GCSF2 (Europe, Central Asia, Latin America, & Caribbean)

Duties and responsibilities include, but are not limited to:

• Support global real estate transactions and their management, including strategy development, market assessment, sourcing, selection, negotiation, and closing and subsequent landlord relationships.
• Coordinate acquisition, disposition, expansion, contraction, renewal, termination, and relocation activities across multiple, concurrent projects. Ensure seamless execution through meticulous planning, reporting, and recording.
• Coordinate due diligence processes, including property inspections, legal reviews, sellers and lessors' integrity reviews, and financial assessments
• Ensure lease terms and conditions are aligned with the organization's strategic goals and financial parameters.
• Serve as a trusted advisor on commercial real estate, including socio-economic and microeconomic trends, industry developments, workplace strategies, and technological innovations.
• Stay informed about market dynamics and corporate real estate advancements. Educate clients and business leaders unfamiliar with industry practices to build organizational capacity.
• Collaborate with internal teams (e.g., Legal, Budget, Security) and external stakeholders to ensure sound strategies and decisions.
• Actively liaise with landlords and developers to align the World Bank priorities and protect its interests.
• Promote awareness of guidelines and drive adherence to real estate governance standards.
• Lead transaction controllership and due diligence, coordinating with internal functions and external entities as required to safeguard institutional integrity.
• Collaborate with CoE to define in-house versus outsourced tasks, identifying roles, responsibilities, skills, and resource needs for in-house functions.
• Collaborate with CoE to Support the engagement of outsourced services and establish the necessary procedures and guidelines for effective process implementation.
• Maintain proactive and regular engagement with management, regional team and staff to support transaction planning and management.

Note: This vacancy announcement is for one position posted across multiple possible duty stations. That includes Paris and Washington D.C. The selected candidate''s duty station will be determined based on organizational requirements and business needs. If the selection is based in Paris, the recruitment type will be local and if the selection is based in Washington DC, the recruitment type will be international