Risk Officer
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.
The Corporate & Portfolio Risk Management Department (CRM), under the Corporate Risk & Sustainability Vice-Presidency, provides Corporate-wide risk oversight of IFC’s debt, equity and treasury portfolios, as well as managing IFC’s overall capital position and financial sustainability. Within CRM, Counterparty Credit Risk Team (CRMCC) team is responsible for providing risk oversight of IFC’s Treasury Activities. This includes, but is not limited to, measuring, managing, and monitoring market and credit risks in IFC’s portfolio.
CRMCC is searching for a Risk Officer to join an international dynamic team in support of various Counterparty Credit Risk functions, such as sovereign credit risk, derivatives and risks in derivatives trading, credit risk of banks, etc.
Duties and Responsibilities:
Advanced Data Analysis:
• Conduct comprehensive quantitative and qualitative analysis on large financial datasets using advanced statistical methods and machine learning techniques.
• Perform complex time series analysis, regression modeling, and predictive analytics to identify trends, patterns, and anomalies in financial data.
• Utilize econometric models to assess market risks, credit exposures, and potential economic impacts. Apply stress testing and scenario analysis to evaluate portfolio performance under various market conditions.
Counterparty Credit Risk Analysis and Metrics:
• Develop and maintain sophisticated models for calculating key counterparty credit risk metrics, including Potential Future Exposure (PFE) and Expected Exposure (EE).
• Analyze and report on counterparty risk diversification effects across the portfolio.
• Conduct regular assessments of counterparty creditworthiness using both quantitative models and qualitative factors.
• Develop and maintain dashboards for real-time monitoring of counterparty exposures and limit utilizations.
• Perform scenario analysis and stress testing specific to counterparty credit risk under various market conditions.
• Contribute to developing and implementing Counterparty Credit Risk policies and procedures.
• Stay informed about regulatory developments related to counterparty credit risk management (e.g., SA-CCR, FRTB-CVA) and assist in ensuring compliance.
Reporting and Visualization:
• Enhance existing data reporting methodologies to ensure relevance and utility for risk analysis.
• Design and implement interactive dashboards providing real-time insights into key performance indicators and risk metrics.
• Prepare system-generated and customized risk reports for various stakeholders.
Process Automation and Improvement:
• Identify and implement automation opportunities for internal processes (e.g., Handbook reports, Global Limits, Operational Accounts).
• Develop efficient data pipelines and automated solutions to increase accuracy and reduce manual effort.
MUREX Project Support:
• Contribute to MUREX system design, testing protocols, and implementation strategies.
• Collaborate with IT and business teams to ensure seamless integration with existing systems.
• Conduct user acceptance testing and provide detailed feedback for system improvements.
Policy Framework and Governance:
• Create and implement comprehensive policy frameworks for risk management, financial operations, and data governance.
• Monitor and adjust policies for ongoing effectiveness.
Credit Research and Analysis:
• Conduct in-depth credit research on financial institutions, corporates, and sovereigns.
• Analyze financial statements, market data, and economic indicators to assess creditworthiness.
• Prepare detailed recommendations for risk committees and senior management.
ISDA and Credit Support Documentation:
• Develop expertise in ISDA master agreements and credit support documents.
• Review and analyze these documents to ensure compliance and optimal risk management.
• Incorporate insights from these documents into risk assessment models.
Continuous Improvement and Knowledge Sharing:
• Stay current with developments in financial markets, risk management, and data analysis methodologies.
• Participate in relevant training and professional development opportunities.
• Share knowledge and best practices, contributing to the organization’s learning culture.
Selection Criteria
• Master’s degree in a relevant discipline (e.g., Finance, Economics, Statistics, Data Science) with a strong quantitative background.
• Minimum 5 years of experience in financial risk analysis or a related field.
• Technical Skills:
o Proficiency in programming languages such as Python, R, SQL, and VBA.
o Advanced knowledge of statistical analysis, machine learning, and econometric modeling.
o Expertise in data visualization tools and principles.
• Domain Knowledge:
o Comprehensive understanding of finance, fixed income, derivatives, and capital markets.
o Experience in valuation, capital adequacy, and default modeling within financial institutions.
o Familiarity with MUREX systems and financial software implementation projects.
• Soft Skills:
o Excellent analytical and problem-solving abilities.
o Strong communication skills with the ability to present complex information clearly.
o Proven ability to work under pressure, meet deadlines, and thrive in multicultural teams.
• Additional Qualifications:
o Experience with financial software such as Bloomberg or Reuters.
o Proficiency in Microsoft Office Suite, including SharePoint and MS Forms.
o Experience working with IT professionals in Risk Management or Financial Divisions.
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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