Manager, Sovereign Risk

• Job #: req
  38492
• Organization:
  World Bank Group
• Sector:
  Risk
• Grade: GH
• Term Duration:
  Open-Ended Staff (OPEN-OP)
• Recruitment Type:
  International Recruitment
• Location:
  
  Washington, DC, United States
• Required Language(s):
  English
• Closing Date: 10/13/2026 (MM/DD/YYYY) at 11:59pm UTC

At the World Bank Group (WBG), you’ll join a diverse, global community working across cultures, disciplines, and borders to address the world’s most pressing development challenges. With 1.2 billion young people reaching working age in the decade ahead, the challenge of job creation has never been greater. Through partnerships across 145 countries and more than 182 offices worldwide, we work with governments, private sector, development partners and other stakeholders to invest in people, strengthen markets, and deliver scalable, data-driven solutions that generate more and better jobs and improve lives.

For more information, visit www.worldbank.org

The WBG Chief Risk Officer (CRO) Vice Presidency is the core unit responsible for Group-wide institutional risk oversight, including establishment and monitoring adherence to risk policies and guidelines and risk assessment and reporting to the Board and executive management. Its mission is to enable and support the WBG to achieve its goals in a financially sustainable manner. The VPU assists management with identifying and managing Group-wide cross-cutting risks, enhancing risk response decisions, reducing financial and operational surprises and losses, seizing opportunities and improving deployment of capital.

The WBG CRO Vice Presidency includes the IBRD/IDA, IFC, and MIGA risk teams and covers a wide range of financial and non-financial risks.

The Credit Risk Department (CROCR) of the CRO VPU provides country risk ratings for the entire WBG (IBRD, IDA, IFC and MIGA), as well as banking sector country risk ratings and corporate sector country risk ratings for IFC. It is responsible for ensuring that the World 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 are the most predominant risks on IBRD and IDA’s balance sheets given the World Bank’s development mission. The department is responsible for IBRD and IDA’s Capital Adequacy Frameworks, as well as prudential country credit risk management policies that seek to ensure consistency of country lending plans with risk policies and capital adequacy through the country Exposure Management Framework.

The department also develops and manages risk-transfer mechanisms including new innovative instruments to enable an increase in the Bank’s financing headroom (such as shareholder and MDB guarantees, Enhanced Callable Capital, MDB Exposure Exchange Agreements, etc.).

The Department consists of two teams – the Sovereign Risk Team that assesses and monitors individual country risks and overall global and regional development trends that affect WBG countries, and the Portfolio Risk Team that is responsible for assessing and managing IIBRD and IDA portfolio and balance sheet risks, including stress testing, loan loss provisioning, and capital adequacy, as well as risk-mitigating instruments.

This Manager will be responsible for overseeing the Sovereign Risk Team and its work program and report to the Director of the Credit Risk Department. The Manager will supervise a team of professional staff with the following main responsibilities:

• Lead the department’s country risk…