Senior Risk Management Officer

at  The OPEC Fund for International Development

Vacancy Number: 1981
Department/Unit: Risk Management
Deadline of Applications: July 3, 2024
Required Languages: English
Contract Type: Fixed Term Contract
Job Category: Professional
Grade: G

QUALIFICATIONS AND EXPERIENCE

• Master’s Degree or equivalent in either Business Administration, Finance, Accounting, Economics or related fields.
• Minimum 10 years of investment, treasury, and/or risk management experience with global or regional banks, fund managers, or multilateral/bilateral development financial institutions with specific experience in institutional credit ratings, risk transfers and quantitative modelling. Experience in a AAA-rated multilateral development bank is particularly relevant.
• Fluent in English.

Risk Ratings

• Prepares the data templates to be submitted biannually (S&P Global Ratings) or annually (Fitch Ratings). Contributes to the preparation of annual presentations to rating agencies.
• Develops expertise in rating agency methodologies. Stays up to date on changes to these methodologies and advises on the consequent implications for the OPEC Fund.

Risk Transfers

• Serves as Secretary on inter-departmental Working Groups, such as the working group to implement sovereign and non-sovereign risk transfers to meet the strategic objectives of improving the weighted average risk rating (WARR) of the loan portfolio and complying with rating agency targets for portfolio diversification.
• Liaises with AAA-rated MDBs, insurance counterparties and rating agencies for the implementation of risk transfers.
• Prepares materials for the Risk Management Committee endorsement and Governing Board approval of risk transfers.

Disbursements Model

• Develops and continuously improves a quantitative model to enable long-term operations planning to provide guidance on the required Commitments, broken up by type, needed to achieve organizational growth targets

OCR General Capital Increase & SCR Replenishment

• Contributes to risk analysis for highly strategic institutional exercises related to the possible Replenishment of Special Capital Resources (SCR) and a General Capital Increase for Ordinary Capital Resources (OCR).