The World Bank Group is a unique global partnership of five institutions driven by a bold vision to create a world free of poverty on a livable planet. As one of the largest sources of funding and knowledge for developing countries, we help solve the world’s greatest development challenges. When you join the World Bank Group, you become part of a dynamic, diverse organization with 189 member countries and more than 120 offices worldwide. We work with public and private sector partners, invest in groundbreaking projects, and use data, research, and technology to bring tangible and transformative changes around the globe. For more information, visit www.worldbank.org. The Chief Risk Officer (CRO) Vice Presidency (VPU) is the core unit responsible for institutional risk oversight, including establishing risk policies and guidelines, conducting risk assessment, and monitoring and reporting to the Board and executive management. Its mission is to enable and support the institution to achieve its development goals in a financially sustainable manner. The VPU assists management in identifying and managing group-wide cross-cutting risks, enhancing risk response decisions, reducing financial and operational surprises and losses, and seizing opportunities and improving efficiency in the deployment of capital. The CRO Vice Presidency comprises four Departments: 1) Credit Risk; 2) Market & Counterparty Risk; 3) Operational Risk; and 4) Environment and Social Risk. The Credit Risk Department (CROCR) ensures that the Bank's credit risk exposure is commensurate with the risk appetite of stakeholders, consistent with IBRD and IDA’s triple-A credit rating requirements and strikes the appropriate balance between development and financial sustainability objectives. The department manages the country credit risks inherent in IBRD and IDA’s loan and guarantee portfolios, which is the most predominant risks on IBRD and IDA’s balance sheets given the World Bank’s development mission. The department also manages IBRD and IDA’s Capital Adequacy Frameworks. CROCR's core functions include, among others: (1) Assessing sovereign credit risks for all IBRD and IDA borrowers, including assigning internal credit ratings and assessing country creditworthiness which determines eligibility for IBRD loans; (2) Establishing prudential country credit risk management policies and ensuring consistency of country lending plans with risk policies and capital adequacy through the country exposure management framework; (3) Monitoring countries that are vulnerable to crises, including payment arrears to the World Bank; representing the Bank in engaging with the Paris Club of official bilateral creditors; (4) Ensuring IBRD and IDA are adequately provisioned for loan losses, in line with US GAAP accounting standards; (5) Managing IBRD and IDA’s Capital adequacy Frameworks in line with shareholder risk appetite and with triple-A rating standards; (6) Monitoring IBRD and IDA’s capital adequacy, including performing stress testing, and reporting to the Board; and (7) Developing and managing different risk-transfer mechanisms, including new innovative instruments, to enable an increase in the Bank’s financing headroom. The Department is looking for an experienced, energetic, resourceful, and tech-savvy Senior Knowledge Management Assistant to assist with the Department’s knowledge management work and provide administrative support to the Director. The Senior Knowledge Management Assistant will report to the Director, Credit Risk Department, and have the following main responsibilities:
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Job Type
Full-time
Career Level
Mid Level