Equity 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. For more information, visit www.ifc.org.
The successful candidate would join IFC's Investment and Credit Risk Department (CIR), part of the Risk and Financial Sustainability Vice-presidency. CIR is responsible for providing an independent risk-reward assessment for all new investment transactions and material portfolio events and providing clearance for such transactions at various stages of the investment cycle. CIR works to strengthen IFC's credit culture, investment quality, and impact by working closely with investment and supporting departments across the Corporation.
The CIR Equity Risk Officers are specialized and experienced risk professionals who are part of the independent risk oversight system. They are responsible for reviewing and approving equity, quasi-equity, and debt with upside investment proposals and material portfolio actions submitted by the IFC's Investment and portfolio teams. In addition, working with investment teams on identifying and mitigating equity risk, they ensure that the investment transactions meet IFC's minimum investment standards as required by any applicable policies, procedures, or guidelines, as well as the risk-reward appetite established by senior management.
Equity Risk Officers also play an important role in maintaining an investment culture within the IFC by disseminating mezzanine and equity expertise and best practices through various knowledge management activities and mentoring Investment Officers in the context of transactions and portfolio actions.
IFC is seeking an Equity Risk Officer to join the specialized equity risk unit (CIREQ) in the Investment and Credit Risk Department. The Equity Risk Officer will be based in Washington, D.C., and report to the head of CIREQ. The Equity Risk Officer will also be expected to work on corporate initiatives under the guidance of the CIR Director and/or the Head of the CIREQ unit.
Duties and Accountabilities:
* The Equity Risk Officer work allocation will cover distinct portfolios at the sector level (Infrastructure, MAS, Financial institutions) and/or the product level (co-investments, funds, early-stage equity), assisting as needed the Chief Equity Risk Officer responsible for such sector or product via preidentified tasks to be carried out with a high degree of independence.
* With guidance from the relevant Chief Equity Risk Officer, review investment concepts and investment proposals, including financial models, equity valuations, transaction term sheets, and other documents prepared by investment teams.
* Lead review of all aspects of equity valuation analysis for new business and portfolio investments in support of the Chief Equity Risk Officer.
* Work directly with transaction teams to facilitate the incorporation of CIR feedback in the analysis and presentation of the investment materials.
* Support data analytics, including tracking the pipeline of new business and upcoming portfolio actions.
* Support analysis of major macro, sectoral, and portfolio trends, focusing on early warning signals.
* Actively participate in quarterly equity portfolio reviews, including reviewing materials, preparing questions, and summarizing discussions.
* Support or carry out independently as assigned by the Chief Equity Risk Officer concurrences of changes and waivers to shareholder agreements and/or rights issues and/or other portfolio matters.
* Preparation and delivery of training materials, lessons learned, case studies, CIR FAQ, and other knowledge management materials.
* Assist in the preparation of corporate guidelines for equity, quasi-equity, mezzanine, and debt funds.
* Collaborate with other IFC Credit and Investment teams globally and regionally.
Selection Criteria
* Education: A master's degree in a relevant field.
* Professional Experience: A minimum of 8 years as an investment/risk professional in risk management and/or investments, particularly in equity, quasi-equity, mezzanine, and debt products within emerging markets.
* Credit Risk Management: Significant experience in credit risk management with exposure to various subsectors and products.
* Responsiveness and Independence: Proven ability to work independently while being results-oriented.
* Product and Sector Knowledge: Prior experience with investment products and sectors is a plus.
* Self-starter: A self-motivated individual who requires minimal supervision.
* Analytical Skills: Strong ability to absorb information and critically review credit assessments.
* Risk Procedures: Previous experience in understanding, analyzing, and updating risk procedures.
* Numerical and Communication Skills: Excellent numerical and analytical abilities.
* Deal Sense and Analytical Acumen: Well-developed
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