Risk Officer – GF  

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.

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, the Financial Sustainability team is responsible for overseeing the financial projections, developing financial forecasts and projections, and closely interacting with the Models, Data and Analytics unit (CRMMD) which supports the mathematical methodologies, model implementation, diagnostic analytics, and associated reporting used by CRM to measure IFC’s financial-related risks for the fulfillment of its mandate. 

CRMMD is conducting a search for a Risk Officer to join an international dynamic team based in Washington, DC.  

Duties and Accountabilities:

•  Contribute or lead, as necessary, the development, implementation, maintenance, and application of forecasting tools and asset-liability models to support strategic IFC decision making.

•  Contribute or lead, as necessary, the setup of ML and AI related activities within the Corporate Risk Management team and help provide the oversight needed for Models using these techniques.

•  Contribute and lead a small team in charge of scenario analysis, and enhancement of IFC’s financial performance forecasting toolkit.

•  Contribute to reports to the Management team on IFC’s CUR, cash needs, quarterly forecasting updates and related periodic requests.

•  Contribute and support IFC’s internal work on rating agencies modeling and data collection for IFC’s investments

•  Support the work program of CRM’s Model, Data, and Analytics (MDA) team through its data collection, model implementation/interpretation, and analytic activities.

•  Contribute to project or research efforts related to the asset-liability models. 

•  Ensure, together with your colleagues, that implementation and model design is consistent with effective development and model-risk management practice. 

•  A solid appreciation that mathematical modelling is only part of the job; careful data collection, continuous analysis, and comprehensive reporting represent an integral part of the responsibilities.

•  Mentor and support junior team members in their career development and complex working tasks.

•  Collaborate with various departments on corporate initiatives.

•  Work consistently towards increasing personal technical knowledge and capacity.

Selection Criteria

•  Excellent understanding and practical hands-on experience with mathematical modelling with preferably applications in Finance.

•  Fundamental understanding and experience with the conceptual functioning of banking institutions and their strategic challenges. 

•  knowledge and understanding of financial markets, financial-instrument features, and the central notions of corporate finance.

•  Good programming skills with practical experience with (one or more of) the following interpreted languages: MATLAB, R, Octave, Python, Maple, Mathematica, S-Plus, SQL, etc. Exposure and experience with professional programming languages (i.e., C, C++, C#, or Java) is a plus.

•  Demonstrated ability to clearly communicate complicated ideas in both spoken and written form. A history of technical publicationvia journal, working, or discussion papersis a strong plus.

•  Practical problem-solving skills, creative-thinking, team player, and self-motivator. 

•  A focus on quality and execution along with a proven ability to perform multiple tasks and to handle pressure and meet strict deadlines. 

Job Requirements: 

•  Advanced degree (PhD, MSc., or equivalent) in finance, physics, operations research, statistics, mathematics, computer science, engineering, or related areas with a strong technical and quantitative background. 

•  Complete fluency with data-base management, computer programming, and system-related project-management concepts.

•  Good understanding of the drivers of assets returns.

•  Good understanding of accounting principles.

•  Excellent written and oral communication skills including the ability to present complex and technical issues in simple terms. 

•  A willingness to contribute across the entire model-life cycle from fundamental research, implementation, analysis, and problem-solving up to culmination with stakeholder reporting and communication of results.

•  Minimum of 5 years’ working experience in either financial modelling or risk management. 

•  Minimum of 5 years’ working experience in a technical discipline with elements of system development, construction, and maintenance. 

Information Note: Short-listed candidates may be required to perform an exercise or prepare a deliverable for the panel interview. 

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.

How cinfo Can Support You in the Application Process for This Position

• Application and Interview Preparation: Whether you’re preparing your application documents or getting ready for an interview, you can book a Job Application Support session to receive tailored guidance.
• For Swiss nationals invited to the first round of the selection process (e.g., written test, interview, assessment center): Notify us at [email protected], and we will inform our HR partners in the respective organization and the Swiss Government to help increase your visibility.