Principal Risk Officer

Principal Risk Officer

Job # : req34346

Organization : IFC

Sector : Risk

Grade : GH

Term Duration : 3 years 0 months

Recruitment Type :

International Recruitment

Location : Vienna,Austria

Required Language(s) :

English

Preferred Language(s) :

Closing Date :

9 / 29 / 2025 (MM / DD / YYYY) at 11 : 59pm UTC

Description

Build a career with impact. Working at the World Bank Group (WBG) provides a unique opportunity to help countries solve their greatest development challenges. As one of the largest sources of funding and knowledge for developing countries, the WBG is a unique partnership of five global institutions dedicated to ending poverty, increasing shared prosperity, and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, the WBG works with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges.

The International Finance Corporation (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 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions, and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit

• The IFC 2030 strategy aims to mobilize private capital at scale to generate more and better jobs, particularly in emerging markets. It is anchored in four transformative pillars : (i) enhanced Origination and Mobilization by enhancing IFC's role as a distribution platform to attract institutional investors;
• (ii) New Approachto Equity, the scarcest form of capital in emerging markets yet the most powerful for business growth, innovation, and job creation, by adopting a bold new approach to equity investment with greater specialization, strategic platforms, and taking more calculated risks;
• (iii) revamped Support for MSMEs by continuing to work with financial institutions while diversifying its approach to include direct investments in promising medium-sized firm and supporting digital platforms that provide supply chain financing and connect MSMEs to markets;

and (iv) different waysof Working and New Skills by revamping internal operations, cultivating specialized skills, managing risks better, and fostering cross-World Bank Group collaboration. Collectively, these shifts position IFC to scale its development impact in a rapidly evolving global economy.

and (ii) IFC's submissions to the Global Emerging Markets Risk Database (GEMs) Consortium in close coordination with other Consortium members based in Europe and elsewhere.

This role involves applying finance and risk concepts as well as regulatory and best-practice standards for the generation of comprehensive analysis and data for internal decision-making and / or external dissemination. It requires supervising technical teams and collaborating with other units and departments across IFC, and also requires close collaboration with European institutions, including central banks.

The Principal Risk Officer shall be a motivated and dynamic professional, with exceptional risk analytical skills, computer and IT related skills, expertise in private sector development, a track record in development finance, and proven skills as team player and integrator.

The Principal Risk Officer will be based in Vienna, Austria, and report to the CRM Director and will be part of the CRM Leadership Team. The position will require traveling to IFC Headquarters, across Europe, and other locations of IFC operations.

Duties and Accountabilities :

Advisory and Technical Supervision of Risk Initiatives :

The Principal Risk Officer will collaborate closely with regional operational and risk staff based in Europe and other key hub offices of IFC and lead teams of technical experts analyzing and implementing forecasting tools, policies and processes, in the areas of financial sustainability, scenario analysis, technical support to risk-adjusted profitability, loan loss allowance, among others. Areas of responsibilities include :

GEMs Data Analytics :

Principal Risk Officer will lead a team of IFC staff working on the data analytics for enhancing the Global Emerging Markets Risk Database (GEMs), with a view to including new data points such as returns, impact, ESG and other dimensions deemed useful to investors. He / she will be responsible for collaborating across GEMs Consortium members / MDBs based in Europe, European institutions especially EIB and EBRD, as well as other large data contributors to GEMs, as well as European central banks. Areas of work include :

and (ii) formalization of IFC's data submissions to the GEMs webtool, in accordance with the GEMs Secretariat requirements.

and (ii) design and implement a scalable process that can consistently address current data needs and facilitate the incorporation of future enhancements and requirements.

and (ii) with theGEMs Secretariat and the new GEMs data aggregator based in Prague on defining GEMs methodology and other important data analytic work under review to enhance the GEMs database.

Selection Criteria

and leading by example.

WBG Culture Attributes :

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

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

World Bank Group Core Competencies

and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed 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.