Risk Management Officer

3 weeks ago

WashingtonDC, United States Multilateral Investment Guarantee Agency (MIGA) Full time

JOB DESCRIPTION

Description

Do you want to build a career that is truly worthwhile? The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group, and our mission is to promote foreign direct investment into developing countries to help end extreme poverty and boost share prosperity. We do that through the provision of political risk insurance and credit enhancement to investors and lenders against losses caused by noncommercial risks. For more information, visit

The Economics and Sustainability Group (MIGES), oversees MIGA's country and project risk assessment, analysis of development impact of individual projects and MIGA's portfolio, evaluates and monitors project compliance with environmental, social, and integrity policies, and leads the development of MIGA's research agenda. Joining the MIGA's Economics team (MIGEC) you will be accountable for assessing country and project risk, assessing development impact of proposed guarantee projects and coordinating MIGA's representation in and contribution to the WBG's country engagement strategies.

Duties and Accountabilities
  • Country Risk Analysis focuses on a group of countries typically within the same region
    • Track and supervise developments affecting political and macroeconomic risks covered by MIGA's political risk insurance guarantees and credit enhancement products.
    • Prepare country risk analysis and defend proposals for country risk rating changes.
    • As a voting member of MIGA's country rating committee, participate in rating discussions, opine and vote on rating change proposals on MIGA's global portfolio.
  • Project Analysis
    • Undertake due diligence to identify and assess project-specific political risks and mitigants, and provide relevant written sections to the early screening, underwriting and board papers. Defend contributions in decision-making committees and meetings with senior management.
    • Assume sector responsibility for a specific industry sector or sectors and provide peer review to projects in the sector across regions.
    • Undertake economic analysis of projects to assess the development impact of the projects in host countries supported by MIGA and present the development impact analysis in the early screening, underwriting and board papers and investment decision making committees. Ensure that projects are fully consistent with MIGA's ex-ante development impact assessment framework and sound economics and policy and are aligned with the programs and objectives of the World Bank Group (WBG) and the IMF in these countries.
  • Country Engagement Strategy / One WBG Coordination
    • Engage in the WBG's country engagement process with client countries, including the Country Partnership Framework (CPF) process as well as the Country Climate Development Report (CCDR) and Country Private Sector Diagnostic process, which contribute to defining the WBG's engagement strategy for a given country, and provide MIGA's commentary and contributions to these diagnostic and operational documents for countries in selected region(s). Contribute to MIGA's objectives by engaging with relevant government ministries/agencies, investment promotion agencies, SOEs etc. as needed.
  • Other
    • Ad-hoc assignments, including work on the continuous development of the Economic Unit's internal processes, policies, procedures and frameworks including in the context of the World Bank's Evolution Roadmap. Prepare briefing material, country risk assessments and presentations for senior management staff for external/internal engagements as required and for internal processes. Assist in evaluating country and project risks in other regions. Participate and lead self-evaluations of projects as needed.
    • Mentor junior staff on the above work as needed.

Selection Criteria

  • Master's degree in Economics, Finance, Business Administration, Public Administration/Policy with a minimum of 5 years of relevant work experience
  • Proven experience in an international credit rating agency and/or private sector dealing with country risk preferred, ideally with a focus on Sub-Saharan Africa
  • Strong analytical skills and a proven track record of achieving high-quality substantive results in the field of macro-economic and financial analysis with recognition for excellence and innovation
  • Experience with econometric and financial modeling techniques, including in the areas of sovereign credit risk
  • Sound knowledge of global economic and political developments and evolving trends in global capital markets
  • Experience of structural reforms and linkages in key areas, such as fiscal and monetary policy/sustainability, management of economic volatility, trade analysis, and sources of growth analysis
  • Comprehensive understanding of public finance and all the determinants of a sovereign's willingness, and ability to honor payment commitments
  • Solid understanding of sub-sovereign credit risk
  • Ability to assess country risk factors, particularly for risks faced by private investors in developing countries
  • Knowledge of and ideally experience in applying current approaches and methodologies to assess development impact of private and public investment projects in developing countries
  • Good understanding of the political risk insurance business
  • Excellent interpersonal skills: openness to feedback, new ideas, and ability to collaborate with colleagues to find solutions for various challenges
  • Excellent verbal and written English language skills are essential, French is desirable
  • Willingness to travel, occasionally on short notice

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.





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