Risk Officer

Job Posting Organization:
The job posting organization is the International Finance Corporation (IFC), which is a member of the World Bank Group (WBG). The WBG is one of the largest sources of funding and knowledge for developing countries, dedicated to ending poverty, increasing shared prosperity, and promoting sustainable development. Established with 189 member countries and over 120 offices worldwide, the WBG collaborates with public and private sector partners to invest in innovative projects and leverage data, research, and technology to address urgent global challenges. The IFC specifically focuses on the private sector in emerging markets, working in more than 100 countries and committed a record $71.7 billion to private companies and financial institutions in fiscal year 2025, aiming to create markets and opportunities that contribute to a world free of poverty on a livable planet.

Job Overview:
The Risk Officer position within the Corporate Risk Management Department (CRMMM) at IFC is designed for an experienced quantitative professional with a strong background in financial modeling and model validation. The role involves driving validation activities for Private Equity (PE) models utilized across IFC, ensuring that these models align with industry best practices and internal policies. The successful candidate will be responsible for performing independent validations and reviews of models related to Private Equity, Equity linked Guarantees, and Quasi Equity instruments. This position requires collaboration with senior leads to enhance model risk management procedures and set standards for validation methodologies. The Risk Officer will also provide critical analysis on various valuation approaches, ensuring that sector-specific applications are appropriately managed and standardized. The role demands excellent communication skills to engage with stakeholders and manage validation deliverables effectively, all while maintaining compliance with the Model Risk Policy and Procedures.

Duties and Responsibilities:
The duties and responsibilities of the Risk Officer include performing independent validation and review of financial models used for IFC’s Private Equity, Equity linked Guarantees, and Quasi Equity instruments. The officer will collaborate with senior leads to develop and enhance model risk management procedures, aligning them with industry best practices. Responsibilities also include providing challenges on discounted cash flow and market multiple approaches, ensuring appropriate sector-specific applications, and promoting standardization in model governance. The Risk Officer will oversee remediation plans, track overdue actions, and ensure timely closure of validation tasks. Additionally, the officer will recommend methodological updates to align IFC with evolving practices, revalidate models on a prescribed cycle, and maintain comprehensive validation documentation. The role requires driving timely responses to stakeholders and meeting deadlines for validation deliverables.

Required Qualifications:
The required qualifications for the Risk Officer position include a Master’s degree or higher in Finance, Financial Management, Econometrics, Statistics, or a closely related field. Candidates must have a minimum of 10 years of relevant experience in Private Equity valuation/models and related products, with a strong preference for those with emerging markets exposure. A demonstrated track record in validating and reviewing equity valuation models is essential, along with a solid understanding of DCF techniques and market comparables. Familiarity with various sectors such as infrastructure, manufacturing, fintech, and disruptive technologies is also important. Candidates should possess the ability to determine fit-for-purpose modeling techniques and have experience with complex spreadsheet models. Proficiency in Excel (including VBA) and Python is required, with R/Matlab being a strong plus. Strong quantitative and analytical skills, along with excellent written and verbal communication in English, are necessary for this role.

Educational Background:
The educational background required for the Risk Officer position includes a Master’s degree or higher in Finance, Financial Management, Econometrics, Statistics, or a closely related field. This advanced education is crucial for understanding the complexities of financial modeling and risk management in the context of Private Equity and related financial instruments.

Experience:
Candidates for the Risk Officer position should have a minimum of 10 years of relevant experience in Private Equity valuation/models and related products. This experience should ideally include exposure to emerging markets, as well as a proven ability to perform validation and review of equity valuation models. The candidate should have a solid understanding of DCF techniques and market comparables, as well as experience in managing complex financial models.

Languages:
The mandatory language for this position is English, with excellent written and verbal communication skills required. While not explicitly stated, proficiency in additional languages may be beneficial, particularly in the context of working with diverse teams and stakeholders across different countries.

Additional Notes:
The Risk Officer position is a full-time role with a term duration of 3 years. It is part of an international recruitment effort, indicating that candidates from various countries may apply. 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 there is no discrimination based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.