Risk Analyst

IFC — a 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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet. 

What We Do

IFC’s Institutional Risk and Governance Department (CRG) is responsible for setting business standards and providing advice and guidance to the IFC Board, Management, and business teams in relation to certain non-financial business risks that may arise in IFC investments, advisory work, and in IFC’s corporate functions.  One of these is “integrity risk” – corruption, fraud, economic sanctions, litigation, criminal activity/history, politically exposed persons, opaque ownership structures, money laundering, terrorist financing  – any of which can affect the integrity of an IFC project, or adversely impact IFC’s reputation as the preeminent international organization operating in the private sector. 

To this end, IFC business teams in Washington, D.C. and in the field conduct integrity due diligence (IDD) to identify integrity risks in IFC projects, platforms and other new products and initiatives, and CRG’s IDD team supports that effort by providing advice to business teams on managing and mitigating those risks and lessening their impact when they arise. 

In addition, in order to mitigate money laundering (ML) and terrorist financing (TF) risk in IFC operations, IFC conducts an additional due diligence to ensure that its financial institution clients have appropriate anti-money laundering and countering the financing of terrorism (AML/CFT). To that end, CRG’s AML/CFT team works closely with the IDD team. The AML/CFT team also works to ensure that IFC has appropriate AML/CFT programs and controls in place to manage ML/TF risks in its own corporate activities, such as in its treasury operations and mobilization activities.

What You’ll Be

• A risk analyst focusing on integrity and AML/CFT risk matters
• A strategic partner to business teams (investment and advisory)
• A visible, vocal and influential champion for the proper management of integrity and AML/CFT issues

What You’ll Do

• You’ll work hand-in-hand with other CRG specialists to advise business teams on all core aspects of integrity and AML/CFT risks as they impact IFC’s clients, partners, transactions and new products/initiatives, to include:
• Conducting IDD and AML/CFT research using open sources and various risk and compliance databases.
• Supporting Integrity and AML/CFT Risk Officers and Counsels in evaluating integrity, reputational and AML/CFT risks, making recommendations, and providing mitigation solutions.
• Assisting on the review of the AML/CFT programs of potential and existing financial institution clients.
• Responding to “know Your Customer” (KYC) requests from external parties.
• Contributing to IDD and AML/CFT training initiatives.
• Assisting in updating and developing policies and procedures on integrity and AML/CFT related matters.

You’ll also support CRG’s IDD and AML/CFT tams in respect to internal efficiency, reporting and technology initiatives, to include:

• Handling administrative management processes and systems related to integrity and AML/CFT matters, including procurement and IT project management.
• Assisting other team members in filing consultations in CRG’s Case Management System.
• Contributing to technology initiatives to enhance the efficiency and effectiveness of CRG’s activities and processes.
• Working on initiatives to promote knowledge sharing and knowledge management.
• Producing reports for IFC’s Management and Board concerning CRG’s work program.
• Providing project management for the foregoing initiatives.

Selection Criteria

What You’ll Need

• A Bachelor’s or Master’s degrees in finance, economics, law, risk management or similar field
• At least 3 years of relevant experience, which includes researching and analyzing technical topics connected with integrity and/or AML/CFT.
• Experience working for a bank, financial institution, accounting firm, law firm or similar private sector company.
• Experience working for a multilateral development bank or other international organization, a plus.
• Knowledge of international business transactions and project finance supported by either coursework or working experience.
• Familiarity and fluency with data analytics and reporting.
• Experience developing and presenting engaging workshops and trainings.
• Fluency in one major language other than English is a plus.

Source: https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=28873&site=1