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.
The Corporate Risk Management Department (CRM), under the Corporate Risk & Financial Sustainability Vice-Presidency, provides Corporate-wide portfolio and risk oversight of IFC's debt, equity and treasury portfolios, as well as managing IFC's overall capital position and financial sustainability. Within CRM, Treasury Risk Team (CRMTR) is responsible for providing risk oversight of IFC's Treasury Activities. This includes, but is not limited to, measuring, managing and monitoring market, credit and liquidity risks in IFC's portfolio.
Duties and Accountabilities:
His/her primary responsibilities may include, but are not limited to, the following:
Primary responsibility for performing fundamental credit analysis of sovereign, government related entities, and banking exposure and performing market surveillance.
Secondary responsibility including:
Familiarize themselves with CRMTR's systems and databases. Learn about CRMTR's limits and guidelines and benchmark them against industry practices
Keep abreast with BASEL initiatives and developments primarily in field of counterparty credit risk, margining, Economic Capital and liquidity
Research ISDAs, be the point of contact for ISDA related developments and updates for various initiatives, such as Initial Margins, master agreements with banks etc.
Work with Treasury Liquid Asset Management and Client Solutions team providing risk analysis and on various different counterparts and products
Under the supervision of senior staff in counterparty credit risk unit, work in close collaboration with the market risk and quant teams as well as corporate IT to enhance quality of existing counterparty credit risk measurements used for risk management.
Essential qualification: At least two years or more of experience at credit rating agencies or other similar financial institutions performing credit analysis of sovereign, state-owned banks and macroeconomic country risk analysis.
Master degree in Finance, Economics, Statistics or Mathematics with a strong technical background
Experience in finance, fixed income, derivatives, valuation, capital adequacy and/or default modeling within an investment bank, rating agency, or other financial institution. Experience in emerging markets is a plus.
Understanding of fixed income products IFC deals in (structured products, sovereign bonds, corporate bonds) and ability to form strong working relationships with clients.
Strong analytical and problem solving skills
Understanding of market risk and credit risk measurement techniques, including Value at Risk, stress testing and scenario analysis
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 mentor junior staff, 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, or Reuters is a plus.
Experience in Microsoft Office Suite is required. VBA and SQL is desirable.
To apply to the position, please visit www.ifc.org/careers, vacancy number 171264. Deadline is July 3, 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.