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.
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 Counterparty and Credit 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 seeking a highly motivated and qualified candidate to join its dynamic and diverse international team, contributing to the team’s mission of supporting IFC’s operations and strategic objectives.
Duties and Accountabilities :
The responsibilities of the candidate may include, but are not limited to, the following:
• Conduct detailed fundamental credit and structural analysis, stress testing and eligibility assessment of securitized products (ABS, RMBS) and covered bonds.
• Perform fundamental credit analysis of securitized product originators, sponsors, servicers, and other transaction counterparties.
• Monitor market trends and collateral performance of securitized products to proactively identify, measure, and evaluate emerging risks, and recommend appropriate mitigation strategies.
• Prepare risk surveillance reports for securitized products, including periodic collateral and sector reviews, as well as cash flow analyses.
• Present securitized product risk analysis and provide recommendations for risk mitigation actions to relevant stakeholders, including direct and senior management.
• Review and enhance CRMCC’s risk policies, investment guidelines, systems, and databases to ensure alignment with best practices and evolving market conditions, and support internal governance processes.
• Create and implement comprehensive policy frameworks for risk management, financial operations, and data governance.
• Identify and implement efficiencies in the team's daily work processes.
• Support ISDA/CSA negotiations with IFC derivative counterparties.
• Participate in high-priority ad-hoc projects to support CRMCC’s strategic objectives.
• Build and maintain relationships with different stakeholders. Mentor and develop junior staff.
Selection Criteria :
• Master’s degree in Finance, Economics, Statistics or Mathematics with a strong technical background with a minimum of 5 years of experience in credit risk management or investments out of which at least 3 years of experience in analysis of securitized products.
• Professional experience in finance and fixed income within an investment bank, rating agency, or other financial institution is required.
• Proven expertise in analyzing securitized products, covered bonds, and familiarity with securitization markets, regulations, and underlying collateral sectors is required.
• Proficiency in using analytical tools such as Intex or Bloomberg for securitized product analysis is a plus.
• Experience in valuation, capital adequacy, and default modeling within financial institutions is a plus.
• Advanced proficiency in Microsoft 365 is required. Knowledge of VBA and SQL is advantageous.
• Strong analytical and problem-solving skills are required. Financial modeling skills are desirable.
• Excellent written and verbal communication skills, with the ability to present complex technical issues in a clear and concise manner.
• Ability to manage multiple tasks, meet tight deadlines, and work effectively in multicultural and cross-functional teams.
• Strong interpersonal skills, attention to detail and resourcefulness.
