Head of Risk and Financial Management
Listed on 2026-03-01
-
Finance & Banking
Risk Manager/Analyst, Financial Manager, Financial Compliance, Corporate Finance -
Management
Risk Manager/Analyst, Financial Manager
Head of Risk and Financial Management
Job #: req
35685
Organization:
World Bank
Sector:
Climate Change
Grade: GG
Term Duration: 3 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC, United States
Required Language(s):
Preferred Language(s):
Closing Date: 3/5/2026 (MM/DD/YYYY) at 11:59pm UTC
Do you want to build a career that is truly worthwhile? The World Bank Group (WBG) is a unique global partnership of five institutions driven by a bold vision to create a world free of poverty on a living 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 change around the globe. For more information, visit (Use the "Apply for this Job" box below)..
The Climate Investment Funds (CIF) is one of the world's largest multilateral climate funds, with $14 billion channeled through six Multilateral Development Banks (MDBs) to 82 countries. CIF financing catalyzes climate action in developing and middle-income countries by funding transformational projects that reduce emissions, build resilience, and accelerate the transition to clean energy and sustainable development.
CIF operates through a unique partnership model that brings together governments, MDBs, the private sector, and civil society. This collaborative approach ensures that climate finance reaches those who need it most while testing innovative solutions that can be scaled globally. As climate challenges intensify and the demand for climate finance grows, CIF continues to expand its instruments and impact. In 2025, CIF became the first multilateral climate fund to access capital markets, unlocking $500 million in private sector capital with the CIF Capital Markets Mechanism (CCMM).
CIF funding, featuring high quality financing and high co‑financing ratios, empowers developing countries, lowers risk, enables first‑of‑their‑kind investments, and contributes to transformational change..org
The CIF is seeking a dynamic Head of Risk and Financial Management to provide strategic leadership to ensure CIF's resources are managed prudently, transparently, and in alignment with governance decisions and an optimal capital adequacy trajectory. This critical role enables CIF to deploy an expanding set of financial instruments effectively while meeting its impact objectives. Leading the Risk & Financial Management function, you will oversee CIF‑wide risk management and financial planning, and lead or support key financial mechanisms including the Clean Technology Fund's Capital Market Mechanism (CCMM) and High Leverage Modality (HLM).
Reporting to the Deputy CEO, you will work closely with CIF senior leadership, partner Multilateral Development Banks (MDBs), the World Bank in its capacity as Treasury Manager and Trustee, and the Trust Fund Committee (TFC).
Duties and Accountabilities Leadership and Engagement- Lead and develop the Risk and Financial Management team, setting workplans, mentoring staff, and ensuring high‑quality delivery
- Serve on the CIF extended leadership team and participate in relevant internal committees
- Represent CIF externally on risk and finance matters in coordination with the Treasury Manager where relevant
- Implement and periodically strengthen CIF's risk management framework, streamlining and updating risk policies and procedures
- Develop relevant investment criteria and risk thresholds throughout the programming cycle to ensure optimal portfolio risk trajectory in line with capital adequacy and liquidity requirements
- Maintain risk indicators and risk appetite thresholds; produce risk dashboards and periodic risk reports for senior management and the TFC
- Lead portfolio risk analysis, forecasting, and stress testing; develop tools to streamline and automate risk, portfolio, and disbursement reporting
- In coordination with the…
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