Description

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 in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. 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 ETC Consultant to join an international dynamic team to i) assist in ISDA/CSA repapering and ii) provide general support to the various Credit Risk functions.  

Duties and Accountabilities:

Responsibilities may include, but are not limited to, the following:

• Be the main focal point for the ISDA/CSA SOFR collateral rate switch (CSA remediation) for both internal (treasury, back-office, legal) and external counterparts (swap counterparties, collateral manager).
• Maintain proper records of ISDA/CSA terms in internal databases.
• Prepare periodic updates on the status of the CSA remediation to project teams.
• Perform fundamental credit analysis of Banks, Sovereigns, GRE and Covered Bond issuers and ensure the proactive identification of risks and mitigants.
• Contribute to ongoing credit reporting including the Credit Spotlight, quarterly Watchlist and Radar Reports, Counterparty Handbook, etc.
• Contribute to ongoing market surveillance to identify, measure, and evaluate credit risks; proactively identify emerging regulatory/policy changes and assess their implications for counterparty risk.
• Understand and use an array of analytical tools to measure credit risk including fundamental model, credit model, market signals and implied ratings.
• Present credit risk analyses and actively participate in CRMTR’s Credit Committees.
• Familiarize themselves with CRMTR’s risk policies, investment guidelines, systems, and databases. Update CRMTR systems to reflect appropriate credit limits.
• Provide general support to colleagues in the team.

Selection Criteria

• Master’s degree in a relevant field with +2 years of experience is desirable, Bachelor’s degree in relevant field +4 years of experience is required.
• Experience in finance, fixed income, derivatives, structured products, and/or financial modeling within an investment bank, rating agency, or other financial institution. Experience in emerging markets is a plus.
• Affinity with the ISDA Master Agreement and the Credit Support Annex.
• Understanding of valuation of derivatives (interest rate swaps, cross-currency swaps, swaptions, FX forwards, etc.) is desirable.
• Experience in Microsoft Office Suite is required. Knowledge of VBA, SQL is a plus.
• Excellent written and oral communication skills.
• Strong interpersonal skills, attention to detail and resourcefulness.
• Independent and proactive mentality.
• Ability to multitask, meet tight deadlines and work efficiently in multicultural teams.

World Bank Group Core Competencies

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.