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.

The successful candidate will:

• Monitor market trends and connect market risk exposures (interest rate, FX risk, etc.) with those trends.

• Perform the ongoing development, enhancement, and regular operations for ALM, stress testing, economic capital, and liquidity risk measurements.

• Monitor Treasury portfolio changes, market risk factors, security specific risk exposures, and provide quality assurance.

• Take an active role in monitoring of risk and capital limits and investment eligibility criteria.

• Engage with stakeholders in Treasury and Portfolio Management departments and help build cross-departmental relationships.

• Contribute to the weekly, 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

• Advanced degree in Finance, Business or related field or equivalent with a minimum of 5 years of experience related to financial analysis of fixed income and derivatives.

• Knowledge of fixed income and derivatives products including swaps, swaptions, sovereign bonds, and securitized products (ABS,CMBS and RMBS[AP2]).

• Deep Knowledge of market risk measurement analytic techniques including value at risk, stress testing, scenario analysis and option-adjusted risk analysis.

• Deep Knowledge of Basel Capital requirements pertaining to trading book

• Knowledge of approaches to ALM and Liquidity risk management, including the Basel Liquidity Framework

• 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, FinCad or R would be a strong plus.

• Prior experience in working with IT systems and databases to extract, clean and analyze data using SQL queries would be a strong plus.

• Good team player with ability to collaborate with colleagues within and across the department

• Excellent 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 organization 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.