Risk Analyst – World Bank jobs
Washington DC, United States
JOB DETAIL
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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet. For more information, visit www.ifc.org.
IFC’s Market and Liquidity Risk Unit (CRMMR), which sits within the Financial Risk Management area of the Corporate Risk Management (CRM) department, is responsible for measuring, managing, and monitoring market and liquidity risks across IFC’s balance sheet. The unit also participates in the risk analysis on Treasury economic capital, asset liability management, and external reporting to rating agencies. The unit is conducting a search for a Risk Analyst to join a small dynamic team in support of deepening the analysis of market and liquidity risks.
Role & Responsibilities
The successful candidate will:
• Monitor IFC’s market balance sheet risk exposures (interest rate, FX risk, etc.), external market trends, and connect the resulting P&L with those trends.
• Perform the ongoing regular operations for ALM, stress testing, economic capital, and liquidity risk measurements and participate in enhancements to those measurements.
• Monitor risk exposure calculations, including security-specific risk exposures, and help provide quality assurance.
• Take an active role in monitoring of risk limits and investment eligibility criteria.
• Engage with stakeholders in Treasury and Portfolio Management departments and help build cross-departmental relationships.
• Contribute to the monthly, quarterly, and annual management and external reporting on the risks in IFC’s Treasury portfolio.
• Contribute to improving the automation and efficiency of recurring analysis and reporting.
Selection Criteria
• A bachelor’s or master’s degree in Finance, Business or related field or equivalent with a minimum of 2 years of experience related to financial analysis of fixed income and derivatives.
• High analytical ability as demonstrated by work in relevant areas and/or academic qualifications.
• Solid background in statistical data analysis and other quantitative techniques; knowledge of statistical high-level data analysis languages such as Matlab or R would be a strong plus.
• Good experience with databases with ability to extract, clean, and analyze data using SQL queries and Python; data visualization skills and experience with dashboarding tools (Tableau, Power BI) are also a plus.
• Developing knowledge of fixed income and derivatives products including swaps, swaptions, sovereign bonds, and securitized products (ABS and RMBS).
• Developing knowledge of market risk measurement analytic measures including DV01, value at risk, stress testing, scenario analysis, and option-adjusted risk analysis.
• Some knowledge of ALM risk techniques such as Basel’s Interest Rate Risk of the Banking Book (IRRBB) stress tests.
• Some knowledge of approaches to funding and liquidity risk management such as the Basel Liquidity Ratio and the Rating Agency Liquidity Frameworks.
• Good team player with ability to collaborate with colleagues within and across the department
• Strong written and oral communication skills.
• Some previous buy-side or sell-side trading experience in fixed income or derivatives is preferred.
• Formal certification in Finance or Risk Management (CFA, FRM, or PRM) preferred.
• Previous work experience in a large financial.
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.
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