Associate Risk Officer- Credit & Counterparty Risk

World Bank Group•Washington, DC

1d•Onsite

About The Position

The International Finance Corporation (IFC), part of the World Bank Group, is seeking an Associate Risk Officer to join CROMC’s international team supporting counterparty and credit risk management. The role focuses primarily on derivatives exposure monitoring and quantitative risk analytics, with a secondary focus on securitized credit risk. The officer will help monitor exposures, support PFE and XVA analytics, implement Basel counterparty credit risk and capital standards, analyze ISDA and CSA arrangements, and assess new products, structured transactions, and local currency funding and hedging proposals. The position also includes providing credit risk sign-off on PFE limit monitoring and the migration of IFC exposures and limits from Numerix to Murex before production use. The officer will conduct quantitative monitoring of covered bond and securitized asset pools, develop reporting and monitoring tools, support local currency risk frameworks, and prepare risk assessments and materials for senior management and governance committees.

Requirements

Master’s degree in Finance, Economics, Statistics, Mathematics, Financial Engineering, or a related quantitative discipline.
At least five years of relevant experience in derivatives valuation, counterparty credit risk, credit risk modeling, or similar fields within an investment bank, multilateral development bank, rating agency, or similar financial institution.
Understanding of counterparty exposure and valuation concepts, including PFE, EE, EAD, CVA, FVA, KVA, collateral, netting, and exposure-profile drivers.
Strong programming skills in Python, R, MATLAB, or SQL.
Strong written and verbal communication skills, including the ability to translate complex quantitative analysis into clear recommendations for technical and non-technical audiences.
Ability to work independently and collaboratively across Risk, Treasury, Legal, Operations, and business units.
High integrity, sound judgment, and commitment to the World Bank Group’s mission.

Nice To Haves

Knowledge of Basel counterparty credit risk and capital standards, including SA-CCR, CVA capital, and leverage-ratio exposure measurement.
Experience with counterparty risk systems and market data platforms such as Murex, Numerix, or Bloomberg.
Experience with system implementation, migration, testing, or model validation.
Experience developing automated reports, dashboards, early warning indicators, or AI-enabled risk-monitoring solutions.
Specialist experience with securitized products; candidates with strong quantitative skills but limited securitized product experience are encouraged to apply.
Experience working in fragile, conflict-affected, and violent contexts, where applicable.

Responsibilities

Monitor, analyze, and report counterparty credit risk exposures and limit utilization, including PFE, EE, EAD, pre-trade impact assessments, and portfolio-level exposures across derivative counterparties.
Maintain and analyze ISDA Master Agreements, Credit Support Annexes, collateral arrangements, and related contractual terms; conduct comparative analyses and help resolve counterparty credit issues with Legal and business teams.
Review how PFE and related exposure measures behave under market movements to support effective monitoring of IFC counterparty credit limits.
Review credit limit set-up and the migration of IFC’s portfolio from Numerix to Murex for completeness and accuracy, and provide credit risk sign-off before PFE production use.
Monitor and assess Basel counterparty credit risk standards, including SA-CCR, CVA capital, and leverage ratio, and support their incorporation into risk measurement, limit-setting, and governance.
Develop, automate, and enhance covered bond and securitized asset reporting and dashboards, including advanced analytics and AI-enabled monitoring.
Assess counterparty credit risk for new products, structured transactions, and local currency funding and hedging proposals; provide independent quantitative challenge and analytical input to transaction reviews, policy papers, and governance notes.
Support development and refinement of FVA and broader XVA policies and methodologies, including XVA attribution by trading desk, validation of funding, discount, and CDS curves and volatility assumptions, and analysis of modeled, realized, and expected exposure profiles.
Prepare and contribute to risk assessments, presentations, briefing materials, and memoranda for senior management and governance committees.
Conduct quantitative analysis of structured and securitized products, including ABS and MBS, assess risk-return trade-offs and P&L impact, and prepare analytical materials for management.
Support development and enhancement of local currency risk frameworks, monitoring tools, early warning indicators, portfolio analytics, and management reporting.
Develop monitoring criteria for securitization and covered bond pools, defining risk drivers, indicators, and thresholds, and hand completed tools over to relevant teams for routine operation.