IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit http://www.ifc.org. The Corporate Risk Management Department (CRM), under the Corporate Risk & Financial Sustainability Vice-Presidency, provides Corporate-wide portfolio and risk oversight of IFC’s debt, equity and treasury portfolios, as well as managing IFC’s overall capital position and financial sustainability. Within CRM, Treasury Risk Team (CRMTR) is responsible for providing risk oversight of IFC’s Treasury Activities. This includes, but is not limited to, measuring, managing and monitoring market, credit and liquidity risks in IFC’s portfolio. CRMTR is conducting a search for a Risk Officer to join an international dynamic team in support of various Counterparty Credit Risk functions, such as derivatives and risks in derivatives trading, BASEL rules on counterparty credit risk and capital, ISDA Agreements with banks, credit risk of banks.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3 year term appointment.Background / General description
His/her responsibilities may include, but are not limited to, the following: Primary responsibilities include: • Supporting the implementation of the analytic platform that will be used to produce counterparty credit risk analytics including Potential Future Exposure (PFE) and Current Exposure (CE), etc. • Oversight of the day-to-day monitoring of counterparty risk limits and play a leading role in counterparty-related projects and developing credit risk related policies. • Expertise with standard industry derivative documentation including ISDA/CSA and ability to resolve credit issues and work with legal to facilitate ISDA negotiations.• Familiarity with various types of structured funding bonds and derivatives• Keep abreast with BASEL initiatives and developments primarily in field of counterparty credit risk, margining, Economic Capital and liquidity.• Preparing presentations and memos for discussion with senior management • Act as a mentor to junior staff with respect to derivative and counterparty risk related issues. Secondary responsibilities for performing fundamental credit analysis of sovereign, government related entities, and banking exposure, performing market surveillance and preparing memos for presentation to senior management.DRDuties and Accountabilities
Essential qualifications:• Master degree in Finance, Economics, Statistics or Mathematics with a strong technical background with at least 8 years’ experience in valuations, derivatives, credit risk modeling, counterparty credit analysis and working with banks. • Experience in finance, fixed income, derivatives, valuation, capital adequacy and/or default modeling within an investment bank, rating agency, or other financial institution. Experience in emerging markets is a plus.• Understanding of fixed income products IFC deals in (structured products, sovereign bonds, corporate bonds) and ability to form strong working relationships with clients.• Strong analytical and problem solving skills• Understanding of market risk and credit risk measurement techniques, including Value at Risk, stress testing and scenario analysis is a plus• Financial modeling skills are desirable• Excellent written and oral communication skills, including the ability to present technical issues in simple and straightforward terms• Ability to mentor junior staff, multitask, meet tight deadlines and work efficiently in multicultural teams;• Strong interpersonal skills, attention to detail and resourcefulness; • Prior experience in financial and business intelligence software such as Bloomberg, or Reuters is a plus.• Experience in Microsoft Office Suite is required. VBA and SQL is desirable.• Programming skills in C++, Python and/or Matlab are desirable• Understanding of derivative valuation and risk calculations such as CVA, FVA, KVA and PFE are a plus Note: IFC values diversity and encourages all qualified candidates who are nationals of IFC member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.SCSelection Criteria