Risk Officer, Market Risk & Local Currency

Job Posting Organization:
The World Bank Group (WBG) is a unique partnership of five global institutions dedicated to ending poverty, increasing shared prosperity, and promoting sustainable development. Established with the mission to help countries solve their greatest development challenges, the WBG is one of the largest sources of funding and knowledge for developing countries. With 189 member countries and over 120 offices worldwide, the WBG collaborates with public and private sector partners to invest in groundbreaking projects, utilizing data, research, and technology to develop solutions to the most urgent global challenges.

Job Overview:
The Risk Officer, Market Risk & Local Currency position is situated within the Market and Counterparty Risk Department (CROMC) of the World Bank Group. This department provides independent oversight and management of treasury risk across all WBG entities, ensuring that market and counterparty risks are effectively identified, measured, monitored, and managed. The selected candidate will play a crucial role in supporting the monitoring, analysis, and reporting of IFC’s market and local currency risk exposures. This position also involves significant oversight and mentorship responsibilities, where the candidate will guide and develop junior staff in various technical risk and treasury functions. The role requires a deep understanding of financial markets and risk management practices, as well as the ability to produce timely and accurate reports on risk exposures and trends.

Duties and Responsibilities:
The duties and responsibilities of the Risk Officer include conducting detailed analyses of market, liquidity, local currency, and interest rate risk exposures, including assessing the impact on economic value of equity (EVE) and net interest income (NII) across IFC’s investment book and treasury portfolios. The officer will review capital calculations and oversee back-testing exceptions, ensuring that outputs are accurate and comply with internal standards and regulatory expectations. Additionally, the officer will support the development and enhancement of risk methodologies, including sensitivity analysis, stress testing, scenario design, and risk limit frameworks. Timely and accurate reporting on risk exposures, limit utilization, trends, and emerging vulnerabilities is essential. The officer will monitor risk parameters to ensure alignment with risk appetite and internal policies, prepare memos and frameworks for senior management, and contribute to the formulation and review of market risk policies. Coordination with investment teams on policy-related work and reviewing waiver requests are also key responsibilities. The officer will oversee liquidity calculations and contribute to the production of governance committee materials, while actively mentoring junior staff and fostering a culture of analytical rigor and continuous improvement within the team.

Required Qualifications:
The position requires a Master’s degree in finance, economics, mathematics, financial engineering, or a related field. Candidates should have 8 to 10 years of relevant experience in market risk, liquidity risk, asset-liability management (ALM), local currency risk management, or related financial risk roles. A strong understanding of financial markets, fixed income, foreign exchange (FX), derivatives, and structured products is essential. Familiarity with emerging market local currency risk issues is preferred. Candidates should possess solid quantitative and analytical skills, and familiarity with risk systems or programming languages such as Python, R, MATLAB, or SQL is advantageous. Strong written and verbal communication skills are necessary, along with the ability to present complex analyses clearly and work collaboratively across departments.

Educational Background:
Candidates must hold a Master’s degree in finance, economics, mathematics, financial engineering, or a related field. This educational background is critical for understanding the complexities of financial risk management and the analytical skills required for the role.

Experience:
The position requires 8 to 10 years of relevant experience in market risk, liquidity risk, ALM, local currency risk management, or related financial risk roles. This level of experience is necessary to ensure that the candidate is well-versed in the intricacies of financial markets and risk management practices, enabling them to effectively oversee and manage the risks associated with the World Bank Group's treasury operations.

Languages:
The mandatory language for this position is English. Proficiency in additional languages is considered a plus, as it may enhance communication and collaboration within the diverse international environment of the World Bank Group.

Additional Notes:
This position is an international recruitment opportunity with a term duration of 3 years. The World Bank Group offers comprehensive benefits, including a retirement plan, medical, life and disability insurance, and paid leave, including parental leave. The organization is committed to being an equal opportunity and inclusive employer, ensuring that all individuals are treated fairly and without discrimination based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. The WBG fosters a culture of empowerment and accountability, encouraging employees to act and hold each other accountable for results.