World Bank Group
Senior Economist – Sovereign Risk Unit
The World Bank Group is one of the largest sources of funding and knowledge for developing countries. It partners with public and private sector partners and uses data, research, and technology to develop solutions to global challenges.
The Chief Risk Officer Vice Presidency of the World Bank is the core unit responsible for institutional risk oversight, including establishment and monitoring adherence to risk policies and guidelines, risk assessment and reporting to the Board and executive management. Its mission is to enable and support the institution to achieve its goals in a financially sustainable manner. The CRO Vice Presidency comprises four Departments: Credit Risk, Market & Counterparty Risk, Operational Risk, and Environmental and Social Risk.
The Credit Risk Department ensures that the Bank’s credit risk exposure is commensurate with stakeholder risk appetite. It manages the credit risk inherent in IBRD’s loan portfolio and performs functions such as assessing and rating sovereign credit risk, assessing country eligibility, influencing lending strategy, anticipating crisis‑vulnerable countries, participating in arrears workouts, engaging with the Paris Club, ensuring adequate provisioning for loan losses and monitoring credit shocks.
Responsibilities
Have primary sovereign risk ratings responsibility for a portfolio of IDA and IBRD borrowing countries, including periodic presentation of country risk notes and ongoing country monitoring.
Have primary responsibility for assessing and rating country and economic risks to the private sector and financial sectors of these countries.
Lead the dialogue with World Bank country operational teams on macroeconomic and debt risks and exposure management, including:
Contributing to the corporate reviews of country engagement products and lending operations.
Engaging with country operations teams on exposure reallocation requests, debt and macro issues, in close collaboration with relevant units across the Bank.
Contributing to CROCR work on the IDA Sustainable Development Financing Policy (SDFP).
Leading the preparation of key inputs to CROCR written products, such as the Annual Risk Report, Board papers, and ad‑hoc management briefings.
Contributing to the department’s continual efforts to improve risk assessment approaches and to innovate.
Depending on business needs, the candidate could also assume responsibilities on ESG influences on credit risk, stress testing, Paris Club representation, short‑term risk monitoring, and strengthening quantitative approaches.
Selection Criteria
Master’s degree in economics.
At least eight years of relevant experience with a strong track record of delivering high‑quality work in a timely manner (or a Ph.D. and five years of experience).
Excellent macroeconomic reasoning and understanding of open‑economy macroeconomics.
Strong quantitative skills.
Outstanding intellectual rigor and attention to details, especially for data work.
Hard‑working with the ability to manage multiple priorities under time pressure.
Proficiency in dealing with credit risk concepts.
Excellent presentational and communication skills.
Enjoy working in a high‑performing team with collective responsibility and a high value placed on teamwork.
World Bank Group Culture Attributes
Sense of urgency: anticipate and quickly respond to the needs of internal and external stakeholders.
Thoughtful risk‑taking: challenge the status quo and push boundaries to achieve greater impact.
Empowerment and accountability: empower yourself and others to act and hold each other accountable for results.
World Bank Group Core Competencies Core competencies are required for all World Bank Group staff.
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave. Reasonable accommodations are provided for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and the International Finance Corporation, including our values and inspiring stories.
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The Chief Risk Officer Vice Presidency of the World Bank is the core unit responsible for institutional risk oversight, including establishment and monitoring adherence to risk policies and guidelines, risk assessment and reporting to the Board and executive management. Its mission is to enable and support the institution to achieve its goals in a financially sustainable manner. The CRO Vice Presidency comprises four Departments: Credit Risk, Market & Counterparty Risk, Operational Risk, and Environmental and Social Risk.
The Credit Risk Department ensures that the Bank’s credit risk exposure is commensurate with stakeholder risk appetite. It manages the credit risk inherent in IBRD’s loan portfolio and performs functions such as assessing and rating sovereign credit risk, assessing country eligibility, influencing lending strategy, anticipating crisis‑vulnerable countries, participating in arrears workouts, engaging with the Paris Club, ensuring adequate provisioning for loan losses and monitoring credit shocks.
Responsibilities
Have primary sovereign risk ratings responsibility for a portfolio of IDA and IBRD borrowing countries, including periodic presentation of country risk notes and ongoing country monitoring.
Have primary responsibility for assessing and rating country and economic risks to the private sector and financial sectors of these countries.
Lead the dialogue with World Bank country operational teams on macroeconomic and debt risks and exposure management, including:
Contributing to the corporate reviews of country engagement products and lending operations.
Engaging with country operations teams on exposure reallocation requests, debt and macro issues, in close collaboration with relevant units across the Bank.
Contributing to CROCR work on the IDA Sustainable Development Financing Policy (SDFP).
Leading the preparation of key inputs to CROCR written products, such as the Annual Risk Report, Board papers, and ad‑hoc management briefings.
Contributing to the department’s continual efforts to improve risk assessment approaches and to innovate.
Depending on business needs, the candidate could also assume responsibilities on ESG influences on credit risk, stress testing, Paris Club representation, short‑term risk monitoring, and strengthening quantitative approaches.
Selection Criteria
Master’s degree in economics.
At least eight years of relevant experience with a strong track record of delivering high‑quality work in a timely manner (or a Ph.D. and five years of experience).
Excellent macroeconomic reasoning and understanding of open‑economy macroeconomics.
Strong quantitative skills.
Outstanding intellectual rigor and attention to details, especially for data work.
Hard‑working with the ability to manage multiple priorities under time pressure.
Proficiency in dealing with credit risk concepts.
Excellent presentational and communication skills.
Enjoy working in a high‑performing team with collective responsibility and a high value placed on teamwork.
World Bank Group Culture Attributes
Sense of urgency: anticipate and quickly respond to the needs of internal and external stakeholders.
Thoughtful risk‑taking: challenge the status quo and push boundaries to achieve greater impact.
Empowerment and accountability: empower yourself and others to act and hold each other accountable for results.
World Bank Group Core Competencies Core competencies are required for all World Bank Group staff.
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave. Reasonable accommodations are provided for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and the International Finance Corporation, including our values and inspiring stories.
#J-18808-Ljbffr