Convergence is the global network for blended finance. We generate blended finance data, intelligence, and deal flow to increase private sector investment in developing countries. Blended finance is the use of catalytic public or philanthropic capital to increase private sector investment in places that need it most. Convergence’s global membership includes public, private, and philanthropic investors as well as sponsors of transactions and funds. Members include institutions such as MacArthur Foundation, FinDev Canada, the Nature Conservancy, and Credit Suisse. Convergence offers its members a curated, online platform to connect with each other on blended finance transactions in progress, as well as exclusive access to original market intelligence and knowledge products such as case studies, reports, training, and webinars. To accelerate advances in the field, Convergence also provides grants through its Blended Finance Accelerator (BFA) program, for the design of vehicles that could attract private capital at scale to global development.

Convergence is a not-for-profit company headquartered in Toronto, Canada but we operate globally and have a presence in Africa, Latin America, Asia, and North America. Over the last five years, we have built a robust network of over 200 public, private, and philanthropic investors as well as sponsors of transactions and funds. To accelerate advances in the field, Convergence also provides grants through its Blended Finance Accelerator program, which funds the design of new blended finance solutions. 

We are currently seeking an Intern to support the activities of the Blended Finance Accelerator.  

POSITION DESCRIPTION

This role will report to the Blended Finance Accelerator team and will support in executing Convergence’s market acceleration work and contribute to the overall growth of the organization in the development finance space. This is an opportunity to work at the cutting edge of blended finance, supporting the design and structuring of new financial instruments aligned to the SDGs. The intern will also have valuable opportunities to collaborate cross‑functionally to streamline the Accelerator’s operations through technology.

RESPONSIBILITIES

The Intern will support the Blended Finance Accelerator team in the following areas:

• Assist in managing and evaluating funding applications, communicating with applicants, and maintaining records in tools such as Submittable and Salesforce.
• Support strategic initiatives, including developing and refining processes for impact data and portfolio metric collection and analysis.
• Support the team by applying data science/analytics and AI/ML tools to drive automation and improve efficiency across tasks related to the Blended Finance Accelerator.
• Contribute to external communications by conducting research and drafting content for programs and business development proposals.
• Review grant applications through initial assessments, participating in review meetings, and conducting desk research on shortlisted applicants.
• Coordinate due diligence efforts, including outreach and stakeholder interviews to evaluate shortlisted applications.
• Prepare draft memos and presentations for Investment Committee meetings and documents for Board approval.
• Support portfolio management for current grantees by coordinating status reviews and acceleration support via Convergence member platform services.
• Support to streamline communications of BFA offerings (including content modification to website, presentation decks etc.). 

This is an illustrative list, and activities may vary from program-to-program. In addition to the responsibilities above, the scope will evolve over time to match the needs of a growing organization. 

DESIRED QUALIFICATIONS

• Full-time postgraduate or undergraduate pursuing a degree in Business, Finance, Economics, Public Policy, International Relations, or a related field.
• Excellent academic record.
• Demonstrated strengths in analytical capabilities (quantitative and qualitative) as well as professional writing; and detail-oriented project management skills.
• Self-starter with excellent interpersonal and communication skills; ability to present information in an insightful and structured manner (both verbal and written).
• Able to work collaboratively in an entrepreneurial team and environment.
• Hands-on experience with data science or AI/ML tooling.
• Demonstrated interest in development finance and emerging markets; experience studying and/or working in emerging markets is a plus.
• A French speaking candidate is a plus.
• Candidates should be eligible to work in Canada. 

APPLICATION INSTRUCTIONS

The internship is offered for a minimum period of 8-12 weeks, beginning in June and the intern must be based physically in Toronto. We will be reviewing applications on a rolling basis, interested and qualified applicants are encouraged to apply early and in advance of the application deadline on June 10, 2025. Please note that you must submit a cover letter that discusses your interest in development, blended finance, and Convergence. Please note that due to the high volume of applications, we will only contact those selected for interviews.

Convergence believes in an inclusive environment. We celebrate the different viewpoints and experiences our diverse team members bring to our organization. Convergence encourages all individuals motivated by our mission and mandate to apply.