Regional Chief Risk Officer

2 weeks ago

Wenatchee WA United States CFA Institute Full time
Regional Chief Risk Officer - Global Industries and Risk Architecture

Job #: req30171

Organization: IFC

Sector: Risk

Grade: GI

Term Duration: 3 years 0 months

Recruitment Type: International Recruitment

Location: Washington, DC, United States

Required Language(s): English

Closing Date: 12/6/2024 (MM/DD/YYYY) at 11:59pm UTC

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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.

The successful candidate will join IFC's Investment and Credit Risk Department (CIR), which is part of the Risk and Financial Sustainability Vice-presidency. CIR is responsible for providing an independent risk-reward assessment for all new investment transactions and material portfolio events and clearing such transactions at various stages of the investment cycle.

The Regional Chief Risk Officer (RCRO) - Global Industries and Risk Architecture will oversee debt projects covered by the Global Industries Vice Presidency and will be involved in new products and initiatives that IFC is considering and related policies.

Duties and Accountabilities:

  1. With responsibility for Global products and platforms, including Structured Finance, capital markets, and hybrid capital.
  2. Lead the drive to enhance risk analytics and infrastructure to ensure that IFC's risk platforms are in line with best practices.
  3. Develop, design, and update debt risk policies and procedures, in close coordination with the RCROs and policies and procedures group within IFC.
  4. Oversee the Knowledge and Learning team, deliver on existing training courses, design new ones, and identify new and innovative programs to address emerging needs.
  5. Work closely with the CIR Director on corporate initiatives, coordinating with CRM and Accounting on cross-departmental issues, and be a member of the CIR leadership team.
  6. Supervise the Small Project Delegation Framework.
  7. Assure IFC's risk appetite is clearly understood, that a proper risk-reward balance is achieved in transactions, and the quality of IFC's portfolio is maintained.
  8. Provide an objective and independent risk assessment in approving and monitoring global transactions while meeting the Standard Level Agreements included in the "Credit Client Service Framework.".
  9. As a "second pair of eyes" to investment teams, be available at all stages of IFC's investment process (from early reviews to post-disbursement) to discuss potential issues with teams.
  10. Be a recognized thought leader and provide expert input to and identify vulnerabilities associated with all approved transactions and new products.
  11. Demonstrate leadership qualities managing technical staff and mentoring junior staff.
  12. Work in close coordination with the IT team on all IT-related impacts and changes.

Selection Criteria

Experience and Education:

  1. Master's degree in finance, mathematics, or other related fields.
  2. At least 20 years of experience working for a major international financial institution and involved in decision-making roles, including at least 10 years in risk management.
  3. Substantial knowledge and expertise in structured finance products methodology, analytics, and market practices. Transactional experience is strongly preferred.
  4. Experience with financial institutions' policy frameworks.
  5. International experience.
  6. Excellent written and verbal communication skills and fluency in English.

Skills:

  1. Strong track record covering all debt and structured finance products and thorough understanding of deal structuring and documentation.
  2. Superior technical skills to support thought leadership with the capital markets and structured finance teams.
  3. Good "deal sense" based on demonstrated strong analytical skills and sound business judgment.
  4. Strong leadership skills to manage highly technical individuals.
  5. Excellent people management skills and openness to feedback, and new ideas.
  6. Ability to work collaboratively across the organization with superior influencing and interpersonal skills.
  7. Excellent ability to seek innovative and constructive solutions to support IFC in achieving its financial and development goals.
  8. Sound understanding of global and regional macroeconomic and geopolitical trends.
  9. Understanding of the markets being covered and developing relationships with counterparts in other organizations.
  10. Self-starter requiring minimal supervision. Highest standards of integrity.
  11. Proven ability to work effectively under a complex matrix organization and multicultural environment.
  12. Effective communicator. Ability to synthesize complex information.

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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