About Mastercard Foundation
Mastercard Foundation is a global foundation based in Toronto, Canada with several offices in Africa. Our programs promote financial inclusion and advance education and learning in Africa, primarily for young people, and in Canada for Indigenous youth. The Foundation was established in 2006 through the generosity of Mastercard when it became a public company. From inception, the Foundation was designed to be a separate entity and independent from Mastercard. Our policies, operations, and funding decisions are made by our President and Board of Directors.
The Foundation believes that youth employment is key to unlocking prosperity, both for youth and their societies. Enabling young women and men from disadvantaged communities to secure dignified and fulfilling work will ensure inclusive development and economic growth in Africa.
Values are timeless, they transcend and rise above all. They guide everything we do, as employees of the Foundation. We share a common vision of a world where everyone has the opportunity to learn and prosper. We make mistakes, we reflect, and we grow so that we can impact our world – it’s why we are here. We are ambitious and driven. We encourage you to bring your bold ideas, curiosity, and expertise to your work. We laugh at ourselves and with each other. We are a team. Our journey together makes our impact even more meaningful.
THE WORK AT THE FOUNDATION
Micro, small, and medium-sized enterprises (MSMEs) play a critical role in employment and job creation in Senegal. To address youth unemployment, the demand for labour will need to increase and it will need to increase within firms. In its new strategy, the Foundation has committed to efforts that improve the quality and quantity of jobs in Senegal and working with MSMEs and in Agriculture is vital to this mission. Constraints facing the growth of MSMEs fall under the following categories: investment climate, access to infrastructure, access to markets, access to finance, and training and skills. The Foundation will pursue systemic approaches to diagnose and work on several interventions that range from the firm to the bank to the policy level to address these constraints within target countries.
The Foundation’s work, to date, has supported micro-enterprise directly through its work in Financial Inclusion and in Youth Livelihoods. The Foundation continues to support a number of Financial Inclusion programs that predate the Young Africa Works strategy, especially in the Rural and Agricultural Finance initiative. These programs support banks and investment funds to strengthen MSMEs directly for growth and/or the delivery of essential financial services to smallholder farmers.
The Partner will report to the Country Representative at the Mastercard Foundation’s Senegal in Dakar. They will work collaboratively with the Country Representative and the wider Program team as well as colleagues across the Foundation.
The Partner will support the management of existing partnerships and will play a key role in the development of new partnerships in collaboration with the Country Representative. They will be in a key public facing role and will work directly with the Country Representative in stakeholder engagement including youth, government, development partners, donors, the private sector and other relevant stakeholders as needed. They will be expected to have strong team skills, collaborate effectively across all levels of partner organizations. The successful candidate will be highly motivated, innovative, and results-oriented.
WAYS YOU CAN CONTRIBUTE
- Contribute to the ongoing implementation of Country Office strategies.
- Develop new partnerships, including: identifying and working with prospective partners to design proposals (including helping determine the goals of the grant, its activities, expected results, indicators of success and budget), undertaking due diligence of potential partners and projects.
- Manage, monitor and coordinate a portfolio of partners, including: reviewing financial and narrative reporting from partners; driving, challenging and holding partners accountable for project deliverables and deadlines.
- Communicate progress and learnings from projects to colleagues and partners within and beyond the Foundation.
- Engage with partners/grantees to review opportunities; challenges and advances interventions through collaboration, learning, exchange and strategic partnerships.
- Provide perspective and expertise on emerging issues and trends in the field of youth employment, SME financing and entrepreneurship, with a particular focus on Senegal.
- Recommend and participate in evaluation and learning activities to guide the evolution of programmatic work, working with the in-country and Toronto-based team.
- Serve as a point of contact and collaborator, supporting the Country Representative across a range of interested parties; including grantees, government officials, youth, and private sector leaders on issues of common concern to leverage positive impact toward common goal.
- Other duties as assigned.
WHO YOU ARE
- Master’s degree or equivalent in Finance, Business or Rural Economics.
- 5-7 years of experience in the private sector, particularly the financial sector and/or entrepreneurship is preferred. This experience could include project management, working in the banking industry in West Africa and/or experience working or managing small businesses in Africa.
- Experience with global grant making, especially in designing market systems development programs. This experience may come from working in another funding organization, corporation or an NGO.
- Understanding of the role that access to skills, finance, information and markets can play in economic transformation and job creation, with knowledge of strategies to address access barriers.
- Strong knowledge of financial market policies and regulation in Senegal particularly those that may hinder enterprise growth.
- Experience living and working in Senegal is highly desirable.
- Demonstrates strong analytical skills, the ability to think strategically and contribute as a thought partner in the Foundation’s strategy development.
- Ability to set and achieve clear objectives and deadlines.
- Exceptional interpersonal and listening skills with the ability to build effective partnerships across all levels of the Foundation.
- Flexible, intellectually curious and open. This individual is comfortable with ambiguity, receptive to new ideas and is willing to change when presented with best options.
- Able to formulate and develop a new or creative approach to a problem and inspire others on the team to do so as well.
- Results driven and motivated by a sense of performance, excellence and urgency.
- Ability to collaborate effectively with a variety of stakeholders, as well as work effectively in a team-based environment.
- Excellent communication; both verbal and written skills and presentation skills in English. Fluency in English required and other languages relevant to the work, particularly French or Wolof, is also desirable.
- Professional maturity and sensitivity to working within different cultures.
- Proficiency with MS Suite (Word, Excel and PowerPoint).
- Strong attention to detail and organizational skills.
- Impeccable integrity and exemplifies the Foundation’s values.
- Ability to travel internationally.
- You are flexible, adaptable, and able to execute a range of job duties and changing priorities.
- You possess excellent verbal, written, and presentation skills with the ability to articulate information to a variety of constituents across cultures.
- You possess professional maturity, sensitivity with different cultures, and impeccable integrity that exemplify the Foundation’s values.
The Mastercard Foundation values the unique skills and experiences each individual brings to the Foundation and are committed to creating and maintaining an inclusive and accessible environment for everyone. We appreciate your interest, and advise that only candidates selected for an interview will be contacted directly.
Completion of satisfactory business references, background checks (criminal and credit) and proof of education are essential conditions of employment.
If you require accommodation during the recruitment and selection process, please contact the People and Culture Department. We will work with you to provide a positive recruitment experience in a confidential manner.