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Description
Do you want to build a career that is truly worthwhile? The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group, and our mission is to promote foreign direct investment into developing countries to help end extreme poverty and boost share prosperity. We do that through the provision of political risk insurance and credit enhancement to investors and lenders against losses caused by noncommercial risks. For more information, visit www.miga.org.
The MIGA Finance and Risk Department (MIGFR), which the Risk Analytics team is housed, acts as the custodian of MIGA’s financial integrity with a focus on both income sustainability and balance sheet strength. The Risk analytics team also provides analytical support for the effective implementation of MIGA’s operational work program.
The Credit Team within MIGFR conducts the counterpart credit analysis for state-owned enterprises (SOEs) to support MIGA’s credit enhancement guarantee, Non-Honoring of Financial Obligations by State-Owned Enterprises (NHFO SOE) products, as well as for reinsurance counterparts to manage the risk profile of MIGA’s guarantee portfolio. The Credit Team is seeking a Credit Risk Officer, who will be responsible for assessing, rating, and monitoring the credit risk of (i) sovereign-owned enterprises (SOEs) in developing markets where MIGA considers providing credit enhancement through Non-Honoring of Financial Obligations by State-Owned Enterprises (NHFO SOE) products, and (ii) reinsurance counterparts for whom MIGA uses to promote private capital mobilization and to prudently manage the risk profile of MIGA's portfolio.
Duties and Responsibilities
A candidate must demonstrate comprehensive technical knowledge of credit risk analysis for counterparts in various industries acquired in a major financial institution’s credit team and/or credit rating agency for at least 5 years, covering various types of counterparts including corporates and financial institutions. In particular, a candidate with experience in structuring and analyzing the risks arising from structured finance transactions such as collateral debt obligations and rating structured finance entities is strongly preferred.
In the above context, the selected candidate is envisaged to:
Selection Criteria
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; 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.
Note: If the selected candidate is a current World Bank Group Staff Member with a Regular or Open-Ended appointment, they will retain their Regular or Open-Ended appointment. If the selected candidate is a current World Bank Group Staff Member with a Term appointment that expires later than the end date of this appointment, they will retain the duration of their current Term appointment.
Full Time
Business Services
$76k-105k (estimate)
06/24/2024
07/18/2024
barbone.us
Washington, DC
<25
Business Services
The job skills required for Credit Risk Officer include Analysis, Credit Risk, Underwriting, Presentation, Credit Analysis, Decision Making, etc. Having related job skills and expertise will give you an advantage when applying to be a Credit Risk Officer. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Credit Risk Officer. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Credit Risk Officer positions, which can be used as a reference in future career path planning. As a Credit Risk Officer, it can be promoted into senior positions as a Letter of Credit Officer that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Credit Risk Officer. You can explore the career advancement for a Credit Risk Officer below and select your interested title to get hiring information.