Senior Credit Risk Officer at World Bank Group

The candidate will be expected to have a demonstrated track record and knowledge and expertise in credit risk management and of the financial markets and real sectors. This role requires good understanding of credit risk policies and procedures, internal credit risk models and trends in portfolio, emerging markets, macro-economic and political analysis, sector dynamics, financial modeling, equity valuation, legal structuring, and financial instruments and application of this understanding to risk/reward of existing and new transactions. The Senior Credit Officer will be based in Johannesburg or Vienna and will report to the relevant Regional Chief Risk Officer.

Responsibilities include:

• Assist in implementing IFC policies, procedures, guidelines, and best practices so that investment transactions and portfolios are contributing to IFC’s financial and development goals.
• Is available at all stages (early review to post-disbursement) to discuss potential issues with the teams. 
• Assure IFC’s risk appetite as set by IFC senior management is implemented and that a proper risk-reward balance is achieved in transactions.
• Provide an objective and independent risk assessment and approvals for portfolio projects and for new transactions with lower risk profiles and under the supervision of the relevant Regional Chief Risk Officer while meeting the levels of service included in the “Credit Client Service Framework”. 
• For the geography, sector, product of responsibility assures that the quality of IFC’s portfolio is stable by ensuring trends in portfolio are identified in a timely manner, Credit Watchlists are up to date and credit and facility ratings adequately reflect risks. 
• Identify risks and ensure they are fully disclosed and understood throughout the approval process.
• Contribute to knowledge management activities through drafting of Credit FAQs, actively supporting training programs, or similar activities.
• Assist Chief Credit Officers in developing, reviewing, and discussing credit and equity standards, pricing, credit risk policies and procedures, deal acceptance criteria, and business process improvements.
• Formulate well-reasoned and well-communicated recommendations.
• Keep abreast of developments in risk through network of contacts relevant to credit risk management.
• Keep abreast of developments in portfolio transactions under its responsibility including participating in quarterly portfolio meetings/ equity reviews.
• Work with Portfolio Managers and Special Operations teams to proactively restructure distressed investments and improve recovery rates.

Selection Criteria

• Advanced degree (at least Masters) in finance, business, law, economics, international affairs or similar fields. FRM or CFA designation would be a plus. 
• At least 8-10 years of experience working for a major international financial institution with substantial exposure to the Financial Institutions (FIG) and Manufacturing and Services (MAS) sectors, including at least 2-5 years of experience in a credit risk-related function.
• Good understanding of analysis, structuring and documentation of debt, equity, mezzanine and structured products.
• High standards of integrity. 
• Independence of thought and ability to express candid opinions.
• Self-starter requiring limited supervision.
• Ability to manage and resolve conflicts constructively.
• Recognized as a team player.
• Knowledge of and experience operating under policies, parameters, and procedures, including a good understanding of advanced internal credit risk rating models.
• Ability to work effectively under a complex matrix organization (with regional and sectoral leadership).
• Developed negotiation skills and ability to seek constructive solutions that achieve optimum risk-reward for IFC.
• Good interpersonal skills.
• Effective Communicator. Ability to synthesize information clearly.

Closing Date: 19th, May 2022