(Associate) Risk Officer
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 FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org.
IFC’s Treasury Risk Unit (CRMTR), which sits within the Corporate Risk Management (CRM) department, is responsible for measuring, managing and monitoring market, credit and liquidity risks in IFC’s portfolio. The Treasury Risk Unit focuses on measuring, analyzing, and reporting on IFC’s Treasury risk exposures as well as providing quantitative analysis and solutions for IFC’s investment operations. The unit is conducting a search for an Associate Risk Officer to join a small dynamic team in support of deepening the risk analysis and reporting of IFC’s Treasury on market risk, liquidity risk, and structured product credit risk.
Duties and Accountabilities:
• Monitor trends and published analysis of the financial markets and link IFC exposures to those trends.
• Participate in the ongoing development, enhancement and regular operations for value at risk, stress testing, economic capital, and liquidity risk measurements.
• Monitor portfolio changes and market risk factor and security specific risk exposure data as necessary to provide quality assurance.
• Participate in the ongoing surveillance of IFC’s securitized product investments including collateral performance analysis, leading indicator analysis, and scenario stress testing
• Take an active role in monitoring of risk limits and investment eligibility criteria.
• Engage with stakeholders in Treasury and Portfolio Management departments and help build cross-departmental relationships.
• Contribute to the monthly, quarterly and annual management and external reporting on the risks in IFC’s Treasury portfolio.
• Mentoring, guiding, and training new team members.
• Advanced degree in Finance, Business or related field or equivalent with a minimum of 5 years of experience related to financial analysis of fixed income and derivatives.
• Knowledge of types of fixed income and derivative product types including swaps, sovereign bonds, inflation linked securities and securitized products (ABS, CMBS, RMBS).
• Knowledge of market risk measurement analytic techniques including value at risk, stress testing, scenario analysis and option-adjusted risk analysis.
• Experience in working with personnel in senior roles in an analytical capability.
• High analytical ability as demonstrated by work in strategic areas and/or academic qualifications.
• Solid background in statistical data analysis and other quantitative techniques; knowledge of statistical high level data analysis languages such as Matlab or R would be a strong plus.
• Prior experience in working with IT systems and databases to extract, clean and analyze data would be a strong plus.
• Ability to work independently with little or no supervision.
• Good team player with ability to collaborate with colleagues within and across the department
• Excellent written and oral communication skills.
• Ability to tailor and synthesize information for relevant audience.
• Ability to multi-task and work in a high stress environment with tight deadlines.
• Some previous buy-side or sell-side trading experience in fixed income or derivatives is preferred.
• Formal certification in Finance or Risk Management (CFA, FRM, or PRM) preferred.
• Previous work experience in a large financial organization is a plus.
For Corporate Information and to apply to the position, please visit www.ifc.org/careers, vacancy number 170951. Deadline is August 9, 2017.
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.