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.
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.
CRM’s Capital Management and Enterprise Risk Unit (CRMCA) measures the current and projected risks in IFC’s investment portfolio to ensure IFC’s 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 IFC’s risk management policies.
CRMCA is conducting a search for a Risk Officer to join the stress testing team and contribute to the ongoing enhancement of IFC’s stress testing model and frameworks.
Duties and Accountabilities:
• Participate in conducting IFC’s corporate, geographic, and sector-specific stress tests, including the preparation and execution of stress tests, as well as the reporting of stress test results• Contribute to the development and/or validation of IFC’s stress testing models• Maintain a current data set comprising all portfolio, risk and macroeconomic data required for stress testing purposes, consistently combining internal and external data sources• Support IT projects automating IFC’s stress testing processes• Serve as a key contact for external scenario and data providers• Prepare and conduct outreach to inform stakeholders on IFC’s stress testing capabilities • Develop relationships with other departments to facilitate the stress testing program• Identify, and analyze potential risks in IFC’s portfolio• Keep abreast of industry and regulatory developments in stress testing models and frameworks
• A Master’s or higher degree in finance, economics, mathematics (or equivalent quantitative skills).• 8 years of work experience in risk management, or an equivalent combination of experience and education.• Substantial experience in conducting stress tests, and in developing and/or validating stress testing models.• Experience handling, analyzing, and aggregating large data sets (for example using Python, R, Excel, or other statistical applications) is a plus.• Proven experience in communicating with and adopting the communication approach according to the specific audience or stakeholder, such as investment teams, portfolio officers, technical experts, or senior management.• Knowledge of IFC operations and portfolio is a plus.• Excellent written and oral communication skills, including the ability to present technical issues in simple and straightforward terms.• A strong work ethic and a solid team player to work in the international and multicultural work environment within CRMCA and across the IFC; organizational skills and the ability to multitask, meet tight deadlines and work efficiently in multicultural teams.• Strong interpersonal skills, attention to detail and resourcefulness.
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.