(Associate) Credit Risk Officer
International Finance Corporation, Washington, United Kingdom
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.
We leverage our products and services as well as products and services of other institutions across the World Bank Group to create markets that address the biggest development challenges of our time. We apply our financial resources, technical expertise, global experience, and innovative thinking to help our clients and partners overcome financial, operational, and other challenges.
IFC's Credit Risk Department is responsible for providing an independent assessment of risks for all new investment transactions and material portfolio events. Being a part of the formal investment approval hierarchy, CIR serves as a second pair of eyes. CIR works to strengthen IFC's credit culture, investment quality, and impact by working closely with investment and supporting departments across the Corporation.
CIR is tasked to:
1. Assess investment and credit risk for new investment proposals and material portfolio actions, guiding investment teams to arrive at structures that appropriately mitigate and compensate IFC for identified risks.
2. Provide expert input to identify upside potential and vulnerabilities associated with new transactions.
3. Maintain a strong credit and equity culture within IFC and support the dissemination of credit and equity expertise.
4. Encourage global consistency in the application of IFC's credit standards and investment guidelines.
5. Monitor global and sector trends that could adversely impact the credit quality of IFC's investment portfolio.
The CIR department is divided into three major regions (Latin America & Europe, Asia Pacific, and Middle East & Africa). The selected candidate will be based in Washington, DC.
IFC has embarked on an ambitious new strategy to stimulate more investment by Creating Markets, mobilizing innovation, and increasing presence in our member countries. This requires a shift in our approach to proactively create, deepen, and expand markets and projects.
Credit Risk Officer Description
The mid-career professional position as Credit Risk Officer (F2) (CRO) in CIR will provide the selected candidate with an opportunity to:
1. Develop a deeper understanding of IFC's investment business from a risk perspective.
2. Get broad-based exposure to the Investment and Credit Risk Department's approach to assessing projects across a wide range of products and countries.
3. Develop unique investment experience in Emerging Market Countries.
The CO will report to the Regional Chief Risk Officer (RCRO) for LAC and Europe and will have the following responsibilities:
1. Review investment concepts and proposals, including financial models and credit ratings.
2. Work directly with transaction teams to incorporate CIR feedback.
3. Review credit ratings for portfolio transactions and support prudent management of IFC's portfolio.
4. Analyze major macro and portfolio trends and summarize insights for senior management.
5. Prepare training materials and promote knowledge sharing.
Selection Criteria
1. Master's Degree in a relevant area.
2. A minimum of 5 years of experience in credit risk management or investments.
3. Excellent numeric and analytical skills and good communication skills.
4. Strong analytical skills and knowledge of IFC investment products.
5. Ability to build good relationships with stakeholders.
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave. We are proud to be an equal opportunity and inclusive employer and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
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