E T Consultant - Credit Risk
Job #:
req30263
Organization:
IFC
Sector:
Risk
Grade:
EC1
Term Duration:
1 year 0 months
Recruitment Type:
Local Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Closing Date:
11/20/2024 (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. For more information, visit www.ifc.org.
The Corporate & Portfolio Risk Management Department (CRM), under the Corporate Risk & Sustainability Vice-Presidency, provides Corporate-wide risk oversight of IFC's debt, equity, and treasury portfolios and manages IFC's overall capital position and financial sustainability. Within CRM, the Credit & Counterparty Risk team (CRMCC) is responsible for providing risk oversight of IFC's Treasury Activities. This includes measuring, managing, and monitoring the market, credit, and liquidity risks in IFC's portfolio.
CRMCC is searching for a consultant to join an international dynamic team to support the implementation of a new treasury platform with a focus on credit risk functionalities.
Duties and Accountabilities:
His/her responsibilities may include, but are not limited to, the following:
⢠Perform fundamental credit analysis of banks, sovereigns, GREs, Covered Bonds, and securitized products to proactively identify risks and mitigants.
⢠Contribute to ongoing credit reporting, including the quarterly Watchlist and Radar Reports, Counterparty Handbook, etc.
⢠Contribute to ongoing market surveillance to identify, measure, and evaluate credit risks; proactively identify emerging regulatory/policy changes and assess their implications for counterparty risk.
⢠Understand and use an array of analytical tools to measure credit risk, including the fundamental model, credit model, market signals, and implied ratings.
⢠Present credit risk analyses and actively participate in CRMCC's Credit Committees.
⢠Familiarize with CRMCC's risk policies, investment guidelines, systems, and databases. Update CRMCC systems to reflect appropriate credit limits.
⢠Contribute to ISDA/CSA negotiations with IFC derivative counterparts
⢠Be involved in a number of ad hoc projects of high importance to CRMCC.
Selection Criteria
⢠Bachelor's or Master's degree in finance, economics, statistics, or mathematics with a strong technical background with at least 3 years of experience in credit risk analysis and analysis of structured products.
⢠Experience in finance, fixed income, derivatives, structured products, and/or financial modeling within an investment bank, rating agency, or other financial institution. Experience in emerging markets is a plus.
⢠Experience using Intex to analyze Structured Products is a plus.
⢠Strong analytical and problem-solving skills.
⢠Financial modeling skills are desirable.
⢠Excellent written and oral communication skills, including the ability to present technical issues in simple and straightforward terms.
⢠Ability to multitask, meet tight deadlines, and work efficiently in multicultural teams.
⢠Strong interpersonal skills, attention to detail, and resourcefulness.
⢠Prior experience in financial and business intelligence software such as Bloomberg. Prior experience in working with Credit Rating Agencies is a plus.
World Bank Group Core Competencies
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.
Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.
