(Associate) Credit Risk Officer

Associate) Credit Risk Officer (Associate) Credit Risk Officer

Job # : req33588

Organization : Sector :

Risk

Grade : Term Duration :

3 years 0 months

Recruitment Type : Local Recruitment

Location : Vienna, Austria

Johannesburg, South Africa

Required Language(s) :

English

Preferred Language(s) :

Closing Date :

7 / 8 / 2025 (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 in developing countries. For more information, visit

We leverage our products and services-as well as products and services of other institutions across the World Bank Group-to create markets that address the biggest development challenges of our time. We apply our financial resources, technical expertise, global experience, and innovative thinking to help our clients and partners ovee financial, operational, and other challenges.

IFC is also a leading mobilizer of third-party resources for projects. Our willingness to engage in difficult environments and our leadership in crowding-in private finance enable us to extend our footprint and have a development impact well beyond our direct resources.

IFC's Credit Risk Department : IFC's Credit and Investment Risk Department (CIR) is responsible for providing an independent assessment of risks for all new investment transactions and material portfolio events. Being a part of the formal investment approval hierarchy, CIR serves as a "second pair of eyes". CIR works to strengthen IFC's credit culture, investment quality, and impact by working closely with investment and supporting departments across the Corporation.

CIR is tasked to :

• For new investment proposals and material portfolio actions, assessing investment and credit risk and guiding Investment teams with decision makers to arrive at structures that appropriately mitigate andpensate IFC for identified risks, meet IFC's minimum investment standards as required by any applicable policies, procedures, or guidelines, meet profitability targets for equity and mezzanine investments and are within the risk appetite established by senior management.
• For new investment proposals and material portfolio actions, provide expert input to identify upside potential and vulnerabilities associated with new transactions as well as waivers and changes to existing investments and ensure value addition opportunities and risks are fully identified, disclosed, clearly and syntheticallymunicated, and understood throughout the approval process.
• Maintaining a strong credit and equity culture within IFC and supporting dissemination of credit and equity expertise and best practice through various knowledge management activities, the development of credit and equity standards, credit and equity risk policies, structuring guidelines and procedures, deal acceptance criteria, and business process improvements.
• Encouraging global consistency in the application of IFC's credit standards and investment guidelines.
• At the portfolio level, CIR helps to monitor, and highlight to IFC management, global and sector trends as well as other high-level issues that could adversely impact the credit quality of IFC's investment portfolio through.
• Identifying aggregate balance sheet risks by product, sub-sector and region.
• Participating in country and regional sector reviews, as well as in portfolio reviews.
• Rmending adjustments to IFC policy and investment guidelines as markets evolve and based on IFC investment experience.

The CIR department is divided into three major regions (Latin America & Europe, Asia Pacific, and Middle East & Africa) in addition to equity. The selected candidate will be based in Washington, DC, Vienna, or Singapore.

IFC has embarked on an ambitious new strategy to stimulate more investment by Creating Markets, mobilizing, innovation and increasing presence in our member countries. This new and ambitious strategy requires a shift in our approach to proactively create, deepen and expand markets and projects. This strategy also relies on upstream work withernments and World Bank colleagues to enable private sector solutions and financing. Working with clients, we will first seek private sector solutions to address development challenges, where such solutions are advisable and can be effective, and reserve public financing for projects only when other options are suboptimal. Creating Markets is a proactive and systematic approach to market creation and mobilization of private sector solutions across the WBG, that includes developing undeveloped markets or fostering systemic changes to existing and less developed markets.

This ambitious business plan requires from the CIR new approaches and ways to support IFC strategy while maintaining our long-term financial sustainability and asset quality.

Credit Risk Officer Description

The mid-career professional position as Associate / Credit Risk Officer (F1 / F2) (CRO) in CIR will provide the selected candidate with an opportunity to :

Reporting Lines :

CRO will be a member of the CIR team and will participate in all departmental activities. She / he will have a Primary Supervisor and a RCRO for reporting. The Primary Supervisor and the RCRO will provide overall guidance and oversight and manage her / his work program. In addition, the CRO will work with CCOs across the department in order to get as broad an experience across sectors and regions as is possible.

Selection Criteria

WBG Culture Attributes :

1. Sense of Urgency - Anticipating and quickly reacting to the needs of internal and external stakeholders.

2. Thoughtful Risk Taking - Taking informed and thoughtful risks and making courageous decisions to push boundaries for greater impact.

3. Empowerment and Accountability - Engaging with others in an empowered and accountable manner for impactful results.

World Bank Group Corepetencies

The World Bank Group offersprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable amodations for individuals with disabilities.

We are proud to be an equal opportunity and inclusive employer with a dedicated andmitted 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. Job ID req33588