PD_OPIC_President-and-CEO

Position Description

President and CEO, Overseas Private Investment Corporation

Overview

Senate Committee

Foreign Relations

Agency Mission

To help American businesses invest in emerging markets

Position Overview

As the head of the Overseas Private Investment Corporation (OPIC), the president and chief executive officer directs all activities of OPIC and is responsible for managing its operations in a manner that not only reflects the board’s policies but the congressional and administration directives.

Compensation

Level III $165,300 (5 U.S.C. § 5314)¹ _{The Consolidated Appropriations Act, 2017 (Public Law 115-31, May 5, 2017), contains a provision that continues the freeze on the payable pay rates for certain senior political officials at 2013 levels during calendar year 2017.}

Position Reports to

The president of the corporation shall serve at the pleasure of the president. (22 U.S.C. § 2193)

Responsibilities

Management Scope

In fiscal 2015, OPIC had $285 million in budget outlays. The Overseas Private Investment Corporation has 229 employees and has accumulated assets of over $8.18 billion.² _{https://lo.bvdep.com/OrgDocument.asp?OrgId=-1&LDIBookId=19&LDIOrgId=159036&LDISecId=201&FromRecent=0&Save=1&Position=-1#O159036}

Primary Responsibilities

® Directs all activities of OPIC and is responsible for managing its operations
® Except as limited by actions of the board, makes rules and regulations respecting the corporation and its business, and may delegate all or part of this authority
® Maintains liaison with the White House, other agencies of government, members of Congress, U.S. ambassadors, officers of foreign governments, and domestic, international and foreign business³ _OPM

Strategic Goals and Priorities

[Depends on the policy priorities of the administration]

Requirements and Competencies

Requirements

® Private business experience (22 U.S.C. § 2193)
® Experience with international business, transactions and management
® Understanding of the U.S. government internal policy process⁴ _{Romney Readiness Project position descriptions}

Competencies

® Strategic sense of how OPIC can advance U.S. development and foreign policy objectives
® Political skills to be able to secure support for OPIC in Congress
® Passion for development, with an understanding of the power of entrepreneurial capitalism to drive growth and prosperity in developing countries⁵ _{Romney Readiness Project position descriptions}
® Strong communication and interpersonal skills
® Strong leadership and managerial skills

Past Appointees

Elizabeth Littlefield (2010 to 2017): Director, Financial and Private Sector Division, World Bank; Chief Executive Officer, The Consultative Group to Assist the Poorest; Managing Director of Emerging Markets Capital Markets, JP Morgan⁶ _{https://www.linkedin.com/in/elizabeth-littlefield-2373989/}
Robert Adam Mosbacher Jr. (2005 to 2009): President and CEO, Mosbacher Energy Company; Vice Chairman, Mosbacher Power Group; Founder and Former Co-Chairman, Rebuilding Together Houston⁷ _{https://www.cgdev.org/page/robert-mosbacher-jr}
The Partnership’s Center for Presidential Transition helps ensure the efficient transfer of power that our country deserves. The Center’s Ready to Govern· initiative assists candidates with the transition, works with Congress to reform the transition process, develops management recommendations to address our government’s operational challenges, and trains new political appointees.