Job Description

 

IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest Global Development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2019, we invested more than $19 billion in private companies and Financial Institutions in developing countries, leveraging the power of the private sector to end Extreme Poverty and boost shared prosperity. For more information, visit www.ifc.org.

The Corporate Risk Management Department (CRM), under the Corporate Risk & Financial

Sustainability Vice-Presidency provides Corporate-wide portfolio and risk oversight of IFC's debt, equity and treasury portfolios, as well as managing IFC's overall capital position and financial sustainability. Within CRM, Treasury Risk Team (CRMTR) is responsible for providing risk oversight of IFC’s Treasury Activities. This includes, but is not limited to, measuring, managing and monitoring market, credit and liquidity risks in IFC’s portfolio.

CRMTR is conducting a search for an Associate Risk Officer to join an international dynamic team in support of various Counterparty Credit Risk functions, such as derivatives and risks in derivatives trading, BASEL rules on counterparty credit risk and capital, ISDA Agreements with banks, credit risk of banks.

Role & Responsibilities:

His/her primary responsibilities may include, but are not limited to the following:

  • Perform fundamental credit Analysis of Banks, Sovereigns and GRE (issuers and counterparties).

  • Provide for a complete and systematic review of Covered Bond exposures (including program and issuers risks).

  • Understand and use an array of analytical tools to measure credit risk and perform market surveillance including fundamental model, credit model, market signals and implied ratings.

  • Familiarize themselves with CRMTR’s systems and databases. Learn about CRMTR’s limits and guidelines and benchmark them against industry practices.

  • Understand ISDA master agreements and GMRA agreements. Provide support in the negotiation and amendment process of agreements.

  • Provide support in the maintenance of the Derivative Legal Terms Database and lead conversations with internal stakeholders including IT, Legal, Treasury and Collateral Management.

  • Prepare memos for presentation to senior management and Risk Committees.

Selection Criteria

  • Master’s degree in finance, Economics, Statistics or Mathematics with strong technical background with at least 5 years of experience analyzing the creditworthiness of sovereigns, GREs, corporates and banks.

  • Experience in finance, fixed income, derivatives, valuation, capital adequacy and/or default modeling within an investment bank, rating agency, or other financial institution. Experience in emerging markets is a plus.

  • Strong analytical and problem-solving skills

  • Excellent written and Oral Communication skills, including the ability to present technical issues in simple and straightforward terms.

  • Strong interpersonal skills, attention to detail and resourcefulness;

  • Prior experience in Financial and business intelligence software such as Bloomberg, or Reuters is a plus.

  • Experience in Microsoft Office Suite is required. VBA, SQL is desirable.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.

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