Credit Risk Officer

World Bank Group • Washington, DC

1d • Onsite

About The Position

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 www.ifc.org.

IFC's Credit and Investment Risk Department (CIR) is looking to fill a Risk Officer (F2) position in the Credit Rating Quality Review Unit (CIRRQ).

The World Bank Group (WBG) is one of the world's largest sources of funding and knowledge for developing countries. It uses financial resources and extensive experience to help countries reduce poverty, increase economic growth, and improve quality of life.

IFC is also a leading mobilizer of third-party resources for projects. Our willingness to engage in challenging 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.
The CIR department is composed of CIRIC (Investment and Credit Risk), which is divided into three major regional risk offices (Asia & Pacific, Latin America & Europe & Central Asia and Middle East & Africa) and five other units: CIREQ (Equity), CIRRQ (Credit Rating Quality Review), CIRIN (Insurance), CIRVA (Valuation) and CIRCT (Knowledge Management).

IFC’s Credit rating Quality Review Unit (CIRRQ)
Reporting to the CIR Director, CIRRQ is responsible for (a) developing and maintaining the methodology for credit risk ratings, as well as providing training and guidance for its correct application by IFC staff; and (b) organizing and conducting reviews of IFC’s business units as to the quality of their performance in relation to such credit risk ratings.
The mid-career professional position as a Risk Officer (F2) in CIRRQ will provide the selected candidate with an opportunity to:
• Develop a deeper understanding of IFC's investment business from a risk perspective and strengthening his / her credit analytical skills;
• Get broad-based exposure to the Investment and Credit Risk Department's approach to assessing partners and projects across a wide range of products, countries (including investment in FCS and IDA countries), and Industries (Financial Institutions, Infrastructure, Telecom & Technology, and Manufacturing, Agribusiness & Services);
• Develop unique experience in Emerging Market Countries and FCS and IDA countries, leverage lessons of IFC's experience operating in these markets, and apply globally recognized best practices and standards.
The selected candidate will be based in Washington DC.

Requirements

• A minimum of 5 years of experience in relevant fields (e.g., portfolio analytics, risk rating process, IFC’s investment products, data mining, reporting, presentations,
• Knowledgeable about financial products, credit risk concepts and other risk metrics
• Strong proficiency with technology, particularly PowerPoint, MS Excel, and IFC internal systems. Experience with Tableau and/or Power BI basic programming skills will be a plus
• Strong analytical and problem-solving skills, with the ability to analyze significant amounts of information
• Ability to work on multiple tasks accurately and with attention to detail in a fast-paced, demanding environment
• Strong organizational skills
• Ability to build good relationships with stakeholders
• Excellent numeric and analytical skills and good communication skills both written and verbal
• Be committed and passionate about IFC’s development mission
• Master's degree (in data science, statistics, applied math, Business Administration, or equivalent)

Nice To Haves

• Experience in Financial Institutions Group desirable
• Strong proficiency with technology, particularly PowerPoint, MS Excel, and IFC internal systems. Experience with Tableau and/or Power BI basic programming skills will be a plus

Responsibilities

• Support the analysis rating models behavior, focusing on model functioning and results validation
• Develop databases and data extraction and reporting of risk rating data in combination with data from portfolio and finance to support the analysis and monitoring of risk aspects of the IFC portfolio
• Support development of rating process definitions and guidelines for new products and special situations
• Support analysis of IFC’s portfolio trends, focusing on early warning signals and integrating key findings and views into overall risk trends in discussions with CIR, Risk VPU and senior management
• Manage and further develop functioning and controls around IRP central inputs, such as BICRA, CICRA, ICRA, Insolvency Regime Score, FC Sovereign rating, etc.
• Support and participate in the CIRRQ unit reviews
• Support Credit Officers (COs) and Regional Chief Risk Officers (RCROs) across the department in the interpretation of risk rating rules and methodology
• Selectively support COs in reviewing new business transactions for part of the time
• Participate in key corporate or CIR initiatives as requested by the CIR Director or by the CIRRQ Head

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level