What are the responsibilities and job description for the Chief Credit Officer - req31525 position at World Bank Group?

Chief Credit Officer

Job # : req31525

Organization : IFC

Sector : Risk

Grade : GH

Term Duration : 3 years 0 months

Recruitment Type : International Recruitment

Location : Washington, DC, United States

Required Language(s) : English

Closing Date : 2 / 13 / 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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet. For more information, visit www.ifc.org.

The successful candidate would join IFC's Investment and Credit Risk Department (CIRIC), part of the Risk and Financial Sustainability Vice-presidency. CIRIC is responsible for providing an independent risk-reward assessment for all new investment transactions and material portfolio events and providing clearance for such transactions at various stages of the investment cycle.

Chief Credit Officers are specialized and experienced risk professionals that are part of the independent risk oversight system. They are responsible for reviewing and approving investment proposals and material portfolio actions submitted by the IFC's Investment and portfolio teams. In addition, working with investment teams on identifying and mitigating credit and equity risk, they ensure that the investment transactions meet IFC's minimum investment standards as required by any applicable policies, procedures, or guidelines, as well as the risk appetite established by senior management.

They also play an essential role in maintaining an investment culture within IFC by disseminating credit and equity expertise and best practice through various knowledge management activities.

IFC is now seeking a Chief Credit Officer to join its Investment and Credit Risk Department. This professional will cover Financial Institutions, Structured Finance, Debt Funds and potentially support MAS and INR. Moreover, the professional will provide support to the IRP team on rating system enhancements and related policy work. S / he will become part of a formal investment approval hierarchy, serving as "second pair of eyes" in IFC's checks and balances for all IFC investments. S / he will be responsible for providing credit reviews and approvals for new transactions and portfolio monitoring and representing CIRIC on different Committees and Working Groups.

This role requires a thorough understanding of emerging markets, sector dynamics, financial modeling and projections, credit risk, equity valuation, legal structuring, and financial instruments and applying this understanding to identify the benefits and potential risks of existing and new transactions.

Candidates will also be expected to have a demonstrated track record of executing transactions and substantial knowledge and expertise in investments.

Duties and Accountabilities :

Represent CIRIC on the Investment Committees, Portfolio Committees, and on different working groups.
Provide an objective and independent risk assessment in approving and monitoring transactions, while meeting the Standard Level Agreements included in the "Credit Client Service Framework."
As a "second pair of eyes" to investment teams, s / he will be available at all stages of IFC's investment process (from Early Reviews to post-disbursement) to discuss potential issues with teams.
Assure IFC policies and best practices are implemented so that investment transactions and portfolios are contributing to IFC's financial and development goals.
Work with the IRP team on rating reviews, the rating system enhancements and related policy work.
Assure IFC's risk appetite is clearly understood, that a proper risk-reward balance is achieved in transactions, and the quality of IFC's portfolio is maintained.
Approve the initial credit risk rating and facility rating for new transactions and review sample portfolio ratings on an ongoing basis.
Draw on (and share with staff) years of "hands-on" experience developing business relationships with borrowers and investees, structuring complex transactions, and maximizing financial and developmental returns on investments.
Be a recognized thought leader and provide expert input to and identify vulnerabilities associated with all approved transactions as well as waivers and conditions.
Identify risks and opportunities to ensure they are fully disclosed and understood throughout the approval process.
Visit transaction teams and / or clients in key office locations to get a first-hand understanding of risks.
Contribute to knowledge management activities through investment FAQs, supporting training programs, or other knowledge management activities.
Participate in reviews and discussions of credit standards, pricing, deal acceptance criteria, and business process improvement.
Provide back-up for other Chief Credit Officers, to participate actively in departmental discussions of investment opportunities and challenges.
Mentor more junior staff.
Keep abreast of developments in equity market conditions in sectors and countries through an extensive network of contacts and regular visits.
Advise the CIRIC Director, head of equity risk unit, Regional Chief Risk Officers (RCRO) and Senior Management on transaction or portfolio developments, which could adversely affect IFC’s asset quality, developmental impact, or future performance.

Selection Criteria

At least 10-15 years of experience working for a major international financial institution and involved in lending / investing in diversified investments including at least 5-10 years as a decision-maker with a positive track record. Experience in equity would be an advantage.

Credit Risk Management & Risk Procedures : Significant experience in credit risk management with exposure to various subsectors and products. Previous experience in understanding, analyzing, and updating risk procedures on a case-by-case basis is strongly preferred.

Excellent written and verbal communication skills and fluency in English.

Strong track record covering both debt (including debt funds and structured finance) and equity products, and thorough understanding of financial analysis, deal structuring and documentation.

Strong track record of investment experience, superior business judgment, and independent thinker.

Good "deal sense" based on demonstrated strong analytical skills and sound business judgment.

Ability to work collaboratively across the organization with superior influencing and interpersonal skills, demonstrating the capacity to deliver results under stressful timetables and environment.

Excellent negotiation skills and ability to seek innovative and constructive solutions to support IFC in achieving its financial and development goals.

Capacity to manage and resolve conflicts constructively when stakes are high, and multiple stakeholders are involved, taking and standing by difficult decisions while communicating them in a way that creates understanding and buy-in from all stakeholders.

Excellent people management skills and openness to feedback, new ideas, and the ability to guide staff to solutions to problems.

Sound understanding of global and regional macroeconomic and geopolitical trends.

Understanding of the markets being covered and develop relationships with counterparts in other organizations.

Self-starter with proven ability to work independently while being results-oriented, producing consistently high-quality results under tight deadlines. Highest standards of integrity. Strong independence of thought and ability to express candid opinions.

Recognized as a team player and a leader. Excellent interpersonal skills. Ability to build strong relationships across boundaries.

Proven ability to work effectively under a complex matrix organization and multicultural environment.

Effective Communicator. Ability to synthesize complex information.

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.

Learn more about working at the World Bank and IFC , including our values and inspiring stories.

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