Job Vacancies International Finance Corporation (IFC)
Position: Risk Manager
Location: United States of America ( The ), Washington
Closing Date: Thursday, 19 April 2012
Background / General description
The International Finance Corporation (IFC), World Bank cluster (WBG), supports economic growth by promoting non-public sector development in its developing member countries through future financing and advisory services. IFC finances investments that have a major developmental impact, are commercially viable, environmentally sustainable and socially sound. IFC’s Integrated Risk Management (CIR) Department, underneath the chance VPU is chargeable for IFC’s money Policies, Risk Reporting, company credit risk oversight, Market and Liquidity Risk management, Counterparty exposure management and Risk Governance management inside IFC. Primary responsibilities embrace managing IFC’s credit, market and liquidity risks in an integrated manner using tools like Economic Capital, Risk Adjusted come and Value-at-Risk (VaR). we have a tendency to should produce a typical risk language to assess and report on risk across IFC’s investment portfolio and outline risk policies and set limits likewise on monitor those risk limits. we’ll conjointly take the lead in developing a company risk strategy and culture likewise as a company risk reporting framework. The mandate conjointly includes the pricing of the Liquid Assets Portfolio in line with pricing policy. inside this Department there’s a Risk Governance and Reporting (CIRGR) cluster which will be chargeable for developing completely different levels of risk reporting, guaranteeing correct risk governance procedures and serving to to boost the chance culture throughout the Corporation. CIR is conducting a research for an experienced Risk Manager to guide this CIRGR cluster.
Duties and Accountabilities
The selected candidate are going to be an integral a part of the Integrated Risk Management (CIR) Department management. during this role he/she can facilitate set the department strategy, communication plans, risk management policies and staffing selections. The management team, in consultation with the vp, are going to be chargeable for reviewing the effectiveness of overall risk management at the enterprise level, and prioritizing a piece program and connected budget. the chosen candidate can manage a team of regarding five employees who are going to be covering numerous aspects of risk management. He/she can make sure that there’s shut coordination across the GR unit likewise like the assorted teams inside CIR which shut links are maintained between the cluster and every one operating departments across IFC. Risk Culture: In coordination with the opposite units within the Department, the GR team are going to be chargeable for serving to extend the chance culture and risk awareness throughout the Corporation. The unit can take the lead in developing a risk appetite statement for the Corporation. the chance appetite are going to be rolled all the way down to risk indicators, measures and tolerances which will be monitored on a daily basis to make sure that we have a tendency to are acting in accordance with IFC’s risk appetite. The team are going to be chargeable for establishing a proactive and systematic method for understanding, managing and communicating risk management principles corporate-wide. Enterprise Risk Management: IFC incorporates a risk taxonomy that has been developed across the operating entities of the planet Bank cluster. The CIRGR unit are going to be chargeable for refining and then implementing the chance taxonomy across the Corporation. it’ll ultimately serve to map the results of the IFC Risk Survey to operations across IFC. Risk Governance and Policy: underneath the chosen candidate, the team are going to be chargeable for guaranteeing that risk policies and procedures are developed in an exceedingly consistent and coordinated manner across the Corporation. they’ll even be chargeable for guaranteeing that the policies, whether or not CIR primarily based or elsewhere in IFC, are maintained and updated in an accessible fashion. Risk Reporting: The CIRGR unit are going to be chargeable for developing and updating a set of risk reports that offer timely, correct and analytical info on all aspects of risk throughout the Corporation. These reports, whether or not in paper kind or automated are going to be distributed to the Board, Management and different layers of accountable employees throughout IFC. These reports can contain reliable info from inside CIR likewise as from different units within the VPU likewise as across the Corporation. Follow up and comply with any action identified in areas of responsibility from reviews undertaken by internal or external auditors. Coordination with company Business Technology Department: Work with CBT and different groups in CIR to make sure that each one CIR IT needs are clearly outlined, properly scoped and delivered on schedule. Management: Manage the CIRGR team to develop the employees and to make an inclusive forum for the sharing of ideas in an exceedingly respectful and supportive atmosphere.
Advanced degree in Finance, Mathematical Economics, Statistics, arithmetic (or connected subject areas) with a powerful technical and quantitative background.
CFA and FRM (or different risk qualification) most well-liked.
Experience in enterprise risk management and reporting most well-liked.
A minimum of ten years of established expertise in an exceedingly leading commercial/investment banking atmosphere, with a minimum of five years expertise in an exceedingly wide ranging risk management position of responsibility.
In depth data of the most recent macro-level risk management techniques and reporting frameworks.
Financial engineering expertise and skill in rising markets a and.
Excellent management skills, teamwork and interpersonal skills and therefore the ability to interact effectively with money professionals, technical specialists and technology consultants.
Persuasive communication and strategic skills (both written and verbal) along side ability to deliver highly visible shows to Operations Departments, Treasury units, likewise as Senior Management and therefore the Board of administrators.
High attention to detail and reliability of output and sound business judgment.
International Finance Corporation (IFC)
2121 Pennsylvania Avenue Northwest
Washington, DC 20433-0005
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