IFC: Managing Director and WBG Chief Financial Officer – Washington, DC

The World Bank Group (WBG) — comprising IBRD, IDA, IFC, and MIGA — is navigating a challenging global environment marked by slower growth, tighter financing conditions, and constrained public resources. Stretching every development dollar requires maximizing the capital on WBG balance sheets, mobilizing private investment at scale, and delivering integrated financial solutions across the Group. The WBG Chief Financial Officer (CFO) plays a central role in making this happen while preserving the institution’s financial strength and AAA rating.

Role Overview
The World Bank Group
The Managing Director & WBG CFO leads the Group’s financial strategy, risk management, and related organizational transformation, driving efficiency, innovation, and development impact across all WBG entities.
The CFO oversees the Group Controller, Group Treasury, Group Credit and Market Risk, and Group Corporate Finance functions, and chairs the Pension Finance Committee, Group Finance and Risk Committee, and Group Asset and Liability Committee (ALCO).

Key Performance Indicators
● Progress on Originate to Distribute targets and private capital mobilization.
● Scale and effectiveness of FX risk solutions and local currency lending.
● Financial sustainability metrics including capital adequacy, liquidity, and AAA rating maintenance.
● Quality and timeliness of financial reporting and audit outcomes.
● Advancement of One WBG integration across finance, treasury, controller, and risk functions.
● Digital transformation in Finance and Risk areas and Management Information Systems (MIS) harmonization across the Group.
● Talent pipeline strength and organizational capability.

Core Functional Key Responsibilities

1. Strategic Financial Leadership and Capital Mobilization
Set long-term financial strategy, capital use, balance sheet optimization, and risk appetite across the WBG. Lead the Originate to Distribute effort which moves the WBG from mobilizing at project level to packaging of investments in formats which can be distributed to institutional investors at scale, helping to create an Emerging Markets asset class. Mobilize resources through hybrid capital, guarantees, and securitization, and support major replenishments including IDA. Engage rating agencies and MDB peers on capital adequacy reforms, maintaining the Group’s AAA rating and Preferred Creditor Treatment.

2. Financial Sustainability, Risk and Governance
Protect long-term sustainability through strong capital adequacy, liquidity, and Asset Liability Management frameworks. Oversee group-wide financial risk governance and integrated risk reporting, and ensure prudent stewardship of fiduciary, financial reporting, and audit requirements.

3. Client-Focused Financial Innovation and Delivery
Intensify work on FX risk solutions, including hedging instruments, local currency lending for infrastructure, housing, and Micro, Small, and Medium Enterprises (MSMEs), among others; and mobilizing domestic financial institutions. Deploy One WBG solutions using the collective strength of all four balance sheets to deliver integrated, tailored client products — led by the new Integrated Financial Solutions Office reporting to the CFO. Scale innovative instruments including catastrophe bonds, outcome bonds, step-up loans, and blended finance, with a particular focus on countries in crisis or conflict.

4. Partnerships, Shareholders and External Engagement
Build and maintain relationships with various stakeholders, including shareholders, MDBs, institutional investors, philanthropies, civil societies, think tanks and trust funds. Represent the WBG at senior international forums and MDB CFO platforms.

5. Organizational Leadership, Talent and Transformation
Foster a professional, innovative, and client-focused finance and risk organization. Drive digital transformation through modernized systems, automation, and AI tools, and harmonize data and MIS across the Group. Champion talent development, succession planning, and workforce mobility.