Financial and Risk Management Analyst

World Bank Group•Washington, DC

3d•Onsite

About The Position

The World Bank Group (WBG) is a global partnership of five institutions focused on creating a world free of poverty on a living planet. As a major provider of funding and knowledge for developing countries, the WBG addresses the world's most significant development challenges. The Climate Investment Funds (CIF) is the largest multilateral climate fund globally, directing $13.5 billion through six Multilateral Development Banks (MDBs) to 78 countries. CIF financing stimulates climate action in developing and middle-income nations by supporting transformative projects that reduce emissions, enhance resilience, and promote the transition to clean energy and sustainable development. CIF operates through a collaborative model involving governments, MDBs, the private sector, and civil society, ensuring climate finance reaches those most in need and testing scalable innovative solutions. In 2025, CIF pioneered accessing capital markets, securing $500 million in private sector capital via the CIF Capital Markets Mechanism (CCMM). CIF's high-quality financing and co-financing ratios empower developing countries, mitigate risk, enable pioneering investments, and drive transformational change. The CIF Secretariat requires specialized financial and risk management expertise for strategic budgeting, forecasting, portfolio analysis, risk reporting, and organizational performance. Consequently, CIF is seeking to hire a term-based Financial and Risk Management Analyst (GE) for the Financial and Risk Management team.

Requirements

Minimum of 2 years of work experience in risk management, budget or financial planning, development finance, financial mathematics, or related field
Master's degree in a relevant field (Finance, Economics, Risk Management, Accounting, or other relevant disciplines)
Proficiency in MS Office Suite, especially Excel, Word, and PowerPoint
Working knowledge of Power BI, Python, or additional coding or data tools.
Familiar with accounting and financial reporting concepts
Strong analytical, critical thinking, and problem-solving skills, with excellent attention to detail
Excellent written and verbal communication and interpersonal skills
Works effectively under pressure to deliver high-quality results within tight deadlines, with the ability to manage multiple tasks and prioritize effectively
High integrity, sound judgment, and discretion in handling sensitive information and stakeholder relationships

Nice To Haves

Experience in a multilateral development bank, financial intermediary fund, or international financial institution is preferred.
CFA designation a plus

Responsibilities

Build and maintain forward-looking financial models for the CIF overall budget
Develop and update credit risk and balance sheet forecasting models, including scenario and stress testing analysis and capital adequacy assessments
Support budget formulation, allocation to CIF teams, execution, and reporting
Perform analysis of project disbursements and reflows at a portfolio level for CIF's various programs
Prepare of CIF's ongoing reporting obligations, including monitoring and updating CIF risk metrics and key risk indicators, and preparing data submissions to credit rating agencies
Draft slides to facilitate reporting of information captured in the semiannual Risk Reports to the Trust Fund Committees and Subcommittees
Ensure timely delivery and quality control of TFC documents and other publications
Identify opportunities to improve the efficiency and quality of financial and risk analysis, reporting, and budget processes
Liaise across CIF Secretariat teams and relevant World Bank offices to support the day-to-day work of the Financial and Risk Management Team
Respond to ad hoc requests from CIF Trust Fund Committee members, CIF Front Office, the Financial and Risk Management Team, and other stakeholders