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 in developing countries. In fiscal year 2023, IFC committed a record $43 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises.
Within IFC, the Corporate Risk Management Department (CRM) is responsible for risk management at a corporate level: this includes Capital Management and Enterprise Risk, Operational Risk and Business Continuity, Treasury Risk and Investment Valuation. CRM’s Capital Management and Enterprise Risk Unit (CRMCA) measures the current and projected risks in IFC’s investment portfolio to ensure IFC’s ongoing financial sustainability.
CRMCA is conducting a search for a Manager to lead the Capital Management team (CRMCA), providing oversight to a team of staff with responsibility for IFC’s economic capital and capital adequacy framework, stress testing, financial sustainability and profitability analysis, climate risk activities.
Duties and Accountabilities:
The CRMCA Manager will:
Lead and manage the CRMCA team to achieve its objectives and workplan, including hiring, performance management, mentoring, and career guidance.
Coordinate with other stakeholders across IFC, including Credit and Investment Risk, Corporate Portfolio Management, the Climate Business Department, the Controller’s department, and other regional and industry departments, to support the financial sustainability and risk management activities of the Corporation.
Lead the policies, procedures, and frameworks to maintain comprehensive risk management activities.
Develop and implement strategies for optimizing capital allocation to support business objectives.
Lead the policy work and framework related to IFC’s financial forecasting, the Corporation’s balance sheet’s projection, income statement, capital adequacy, and pricing.
Oversee the relevant teams incorporating market and regulatory best practices and reflecting IFC’s unique business model and product mix.
Act as the primary contact with the rating agencies for their rating assessment of IFC; serve as a source of expertise on rating agency methodologies and analytics.
Act as a source of expertise for IFC’s management team, Board, staff, and external partners (including rating agencies and investors) on aspects of IFC’s financial sustainability frameworks, including aspects related to the G20 Capital Adequacy Framework Review.
Build a network of external relationships with other MDBs and other stakeholders on aspects of risk management and financial sustainability.
Lead the teams conducting regular risk assessments to identify potential risks and vulnerabilities.
Monitor key risk indicators and develop early warning systems to alert senior management to emerging risks.
Selection Criteria:
Master's degree (in finance, economics, or a related field) and a minimum of 12 to 15 years of relevant experience.
Strong understanding of financial and non-financial risk management frameworks and practices; Knowledge of IFC policies, procedures, guidelines, and financial instruments is a plus.
Excellent written and oral communication skills in English are essential, including the ability to present technical issues in simple and straightforward terms, and to engage with to senior-level audiences.
Ability to develop senior-level relationships and build to networks within and outside IFC.
Excellent leadership and people management skills and openness to feedback; new ideas and ability to guide staff to solutions to problems.
Strong track record in providing intellectual leadership, managing, building talent, and motivating staff; becoming a strong mentor; and leading by example.
Sound business judgment; demonstrated ability to deliver results under stressful timetables and environment.
Commitment to maintain the highest ethical standards.
Strong interpersonal, relationship building and diplomatic skills.
Meet Bank-wide managerial selection criteria including courage of your convictions, leading the team for impact, influencing across boundaries, fostering openness to new ideas, building talent for the future.
