(Associate) Credit Risk Officer

at  World Bank Group

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.
We leverage our products and services—as well as products and services of other institutions across the World Bank Group—to create markets that address the biggest development challenges of our time. We apply our financial resources, technical expertise, global experience, and innovative thinking to help our clients and partners overcome financial, operational, and other challenges.
IFC is also a leading mobilizer of third-party resources for projects. Our willingness to engage in difficult environments and our leadership in crowding-in private finance enable us to extend our footprint and have a development impact well beyond our direct resources.
IFC’s Credit Risk Department: IFC’s Credit and Investment Risk Department (CIR) is responsible for providing an independent assessment of risks for all new investment transactions and material portfolio events. Being a part of the formal investment approval hierarchy, CIR serves as a “second pair of eyes”. CIR works to strengthen IFC’s credit culture, investment quality, and impact by working closely with investment and supporting departments across the Corporation.

CREDIT RISK OFFICER DESCRIPTION

The mid-career professional position as Credit Risk Officer (F2) (CRO) in CIR will provide the selected candidate with an opportunity to:

• Develop a deeper understanding of IFC’s investment business from a risk perspective and strengthening his / her credit and equity analytical skills;
• Get broad-based exposure to the Investment and Credit Risk Department’s approach to assessing projects across a wide range of products, countries (including investment in FCS and IDA countries), and Industries (Financial Institutions, Structured Finance and Capital Markets, Infrastructure, Telecom & Technology, and Manufacturing, Agribusiness & Services);
• Develop unique investment experience in Emerging Market Countries and in FCS and IDA countries, including Ukraine; leverage lessons of IFC’s experience operating in these markets and apply globally recognized best practices and standards.
• The CO will report to Regional Chief Risk Officer (RCRO) for LAC and Europe. The CO will have the following responsibilities under the guidance of the RCRO and Chief Credit Officers (CCOs):
• With the guidance from RCRO and CCOs, review investment concepts and investment proposals, including financial models, credit ratings, transaction term sheets, and other project documents prepared by project teams, and contribute to CCO’s discussions with transactions teams and decision-making process. The CO is expected to have an opportunity to work on over 20-30 investment proposals across different stages with various CCOs per year, across different investment products (e.g., equity, debt, mezzanine), industries or de-risking tools;
• Working directly with transaction teams to facilitate incorporation of CIR feedback in the analysis and presentation of the investment materials to support a more efficient and effective decision-making process;
• Periodic review of credit ratings for portfolio transactions and working closely with the Ratings team, to verify the quality of credit assessments carried out by portfolio teams, hence supporting prudent management of IFC’s portfolio;
• The CO will support analysis of major macro and portfolio trends, focusing on our earlier warning signals and integrating these views into pipeline and business development discussions. Summarize insights and present key findings to business stakeholders and senior management;
• Attend portfolio reviews and watchlist meetings, helping to identify key portfolio trends, necessary actions and monitoring follow-up items;
• Support the processing of waivers, rights issues, stress testing and other ad-hoc portfolio matters;
• Preparation of training materials, lessons learned, case studies, CIR FAQs, and other knowledge management material across different industries and investment products, and promoting knowledge sharing and their application in new investment or portfolio decisions;
• Assist in preparation of corporate guidelines for credit assessment and credit ratings;
• Summarize insights and present key findings to business stakeholders and senior management;
• Collaborate with other IFC Credit and Investment teams globally and regionally;
• Participate in key corporate or CIR initiatives like the development of new credit tools, and or dashboards, preparation of portfolio presentations;
• Support data analytics including on tracking pipeline and commitments, IRM outcomes, and communication of IFC’s portfolio, ratings trends and loss experience to inform new credit programs and of CIRs activities.
• Support deployment of UCL/UCB and SPD;
• Support the RCRO and CCOs in discussions regarding the Country and Industry Strategy, Private Sector Diagnostics and Creating Market Initiatives.

Please refer the Job description for details