(Associate) Risk Officer

Contract

This is a World Bank Group grade: GF contract. More about World Bank Group grade: GF contracts.

(Associate) Risk Officer

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 2021, IFC committed a record $31.5 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 the COVID-19 pandemic. For more information, visit www.ifc.org.

Role and Responsibilities

• Provide financial model development and support for existing risk and valuation models with a focus on fixed income products including structured finance/credit products with waterfalls • Liaise with loan and investment valuation, credit, market and model risk management teams and with internal Treasury clients and provide support and analysis for quantitative risk measurement. • Monitor financial markets, developments in structured finance products, quantitative risks measurement and modeling as well as regulatory changes. • Collaborate with units across the departments and IT in order to develop tools and reports that will help facilitate and manage collaboration within the institution. • Under the supervision of senior staff in quantitative risk unit, and loan and investment valuation team, work in close collaboration with the credit and market risk teams as well as corporate IT to enhance quality of existing quantitative models used for risk management.

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 2021, IFC committed a record $31.5 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 the COVID-19 pandemic. For more information, visit www.ifc.org.

Role and Responsibilities

• Provide financial model development and support for existing risk and valuation models with a focus on fixed income products including structured finance/credit products with waterfalls • Liaise with loan and investment valuation, credit, market and model risk management teams and with internal Treasury clients and provide support and analysis for quantitative risk measurement. • Monitor financial markets, developments in structured finance products, quantitative risks measurement and modeling as well as regulatory changes. • Collaborate with units across the departments and IT in order to develop tools and reports that will help facilitate and manage collaboration within the institution. • Under the supervision of senior staff in quantitative risk unit, and loan and investment valuation team, work in close collaboration with the credit and market risk teams as well as corporate IT to enhance quality of existing quantitative models used for risk management.

Selection Criteria

• Master’s degree in a technical field such as Finance, Physics, Mathematics, or related areas is preferred or Bachelor’s degrees with several years of relevant experience.

• Advanced operational and technical skills with diverse financial background.

• Hands-on experience with fair valuing fixed income products, instruments with optionality, and structured finance projects is highly desired.

• Ability to analyze and understand financial instruments and models, and to write code to facilitate analysis.

• At least 5 years or relevant working experience to simulate and solve financial, mathematical and/or statistical models is required.

• Experience working with IT professionals within either a Risk Management or a Financial Division would be a plus.

• Strong interpersonal skills, teamwork, and ability to interact effectively with, Treasury staff, technical specialists, technology experts, and senior managers.

• Ability to handle pressure and meet strict deadlines.

• Data analysis skills with knowledge of VBA for Excel for office applications as well as knowledge and prior experience of using statistical software such as Matlab, R or SSPS is highly desired.

• Strong knowledge and prior experience of using an object-oriented programming language such as Java, C++ or Python is required.

• Prior experience in financial and business intelligence software such as Bloomberg, SAS or Tableau is a plus.

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.