La Banque Mondiale recrute 01 Senior Credit Risk Officer
La Banque Mondiale
Johannesburg, South Africa
Senior Credit Risk Officer
Job # : req17464Organization : IFCSector : RiskGrade : GGTerm Duration : 3 years 0 monthsRecruitment Type : International RecruitmentLocation : Johannesburg,South Africa; Vienna, AustriaRequired Language(s) : EnglishPreferred Language(s) : Closing Date : 5/19/2022 (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 in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit www.ifc.org.
The Investment and Credit Risk Department (CIR) is part of the Risk and Financial Sustainability Vice-presidency in IFC. The Credit Officers are specialized and experienced risk professionals that are part of the independent risk system.
Credit Officers are responsible for reviewing and approving credit and investment proposals and material portfolio actions submitted to IFC’s Investment and Credit Risk Department and ensuring that loan and equity transactions provide adequate risk-return to IFC, meet IFC’s minimum investment standards as required by any applicable policies, procedures, or guidelines and are within the credit risk appetite established by senior management.
Credit Officers provide expert input to identify vulnerabilities/risks associated with new transactions as well as waivers and changes to existing investments and ensure risks are fully identified, disclosed, clearly and synthetically communicated and understood throughout the approval process. Credit Officers are also involved in ensuring that the quality of IFC’s portfolio is stable.
CIR also plays a critical role in maintaining a strong credit and equity culture within IFC and supporting the dissemination of credit and equity expertise and best practice through various knowledge management activities, the development of credit and equity standards, credit risk policies guidelines and procedures, deal acceptance criteria, and business process improvements.
IFC is now seeking a Senior Credit Officer to join its Investment and Credit Risk Department with a focus on the Financial Institutions (FIG) and Manufacturing and Services (MAS) sectors. 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 portfolio projects and approvals for new transactions with lower risk profiles and under the supervision of the relevant Regional Chief Risk Officer.
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.
• 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.
• 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.
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.
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