Description
IFC โ a member of the World Bank Group โ 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 2023, IFC committed a record US$43.7 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 global compounding crises. For more information, visitย www.ifc.org
Within IFC, the Corporate Risk Management Department (CRM) is responsible for risk management at a corporate level: this includes Capital Management and Enterprise Risk, Operational Risk and Business Continuity, Treasury Risk and Investment Valuation.
CRMโs Capital Management and Enterprise Risk Unit (CRMCA) measures the current and projected risks in IFCโs investment portfolio to ensure IFCโs ongoing financial sustainability. Doing so, CRMCA utilizes a variety of integrated risk models, such as for economic capital, capital forecasting, stress testing or risk-adjusted performance measurement, to develop and maintain IFCโs risk management policies.
CRMCA is conducting a search for an Extended Term Consultant to support the development and maintenance of CRMCAโs risk models, with a focus on Risk Adjusted Return on Capital (RAROC) in addition to periodic and ad-hoc reports and analyses.
Duties and Accountabilities:
The successful candidate will support CRMCAโs Pricing and RAROC team in:
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โข The collection and analysis of data from IFCโs source systems to support the update, maintenance and enhancements of RAROC and Loan Pricing models;
โข The periodic analysis and reporting of results produced by the RAROC and Loan Pricing models;
โข The continuous improvement of IFCโs RAROC and Loan Pricing models by designing, building, and testing model enhancements;
โข The InterAction with other departments, such as to obtain specific risk-relevant and financial information, or to liaise with IT;
โข The InterAction with investment staff to support their use and understanding of the RAROC and Loan Pricing models.
Selection Criteria
โข MBA, MS in Finance or Economics or a higher degree in a related subject;
โข 2+ years of work experience in risk management is highly preferred, ideally including experience or coursework directly related to financial modeling and data analysis;
โข General knowledge of financial markets and investment products;
โข General affinity with designing, building, implementing or testing analytical and financial models and IT solutions is required;
โข Proficiency in VBA, Python (or other programming language), Oracle (or other RDBMS), SQL, MS Access and Excel to maintain and improve existing reporting applications will be a big plus.
โข A strong work ethic and a solid team player to work in the international and multicultural work environment within CRMCA and across the IFC;
โข Attention to detail, strong organizational skills, comfort in multitasking and meeting tight deadlines; ability to work independently and within teams;
โข Ability to take initiative and demonstrated commitment to continuous improvement;
โข Good communication skills with ability to present and synthetize data. Strong PowerPoint, Power BI or Tableau skills are preferred;
โข Strong interpersonal skills, attention to detail and resourcefulness.
World Bank Group Core Competencies
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