Associate Risk Officer- Credit & Counterparty Risk

• Job #: req
  38733
• Organization: IFC
• Sector:
  Risk
• Grade: GF
• Term Duration:
  Open-Ended Staff (OPEN-OP)
• Recruitment Type:
  International Recruitment
• Location:
  
  Washington, DC,United States
• Required Language(s):
  English
• Preferred Language(s):
• Closing Date: 11/5/2026 (MM/DD/YYYY) at 11:59pm UTC

At the World Bank, a member of 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 https://www.worldbank.org/en/who-we-are/ibrd

• Monitoring and analysis of derivatives exposures
• PFE and XVA analytics
• Implementation of Basel counter party credit risk and capital standards
• ISDA and CSA analysis
• Providing credit risk sign-off on PFE limit monitoring and the migration of IFC exposures and limits (Numerix to Murex) ahead of PFE production use.
• Quantitative credit risk monitoring for covered bond and securitized asset pools, drawing on structured finance product expertise.
• Assessment of new products, structured transactions, and local currency funding and hedging proposals

• Exposure Monitoring & Reporting:
  Contribute to the day-to-day monitoring, analysis, and reporting of counter party credit risk exposures and limit utilization, including Potential Future Exposure (PFE), Expected Exposure (EE), Exposure at Default (EAD), pre-trade impact assessments, and portfolio-level exposure analysis across derivative counter parties.
• ISDA / CSA Management:
  Maintain and analyze the inventory of ISDA Master Agreements, Credit Support Annexes (CSAs), collateral arrangements, and key contractual terms; perform comparative analysis and support the resolution of counter party credit issues in collaboration with Legal and business teams.
• Reviewing how PFE and related exposure measures behave under market movements, to confirm they support effective monitoring of IFC counter party credit limits.
• Reviewing the set-up of credit limits and the migration of the IFC portfolio from Numerix to Murex for completeness and accuracy, and providing credit risk sign-off ahead of PFE production use.
• Basel Capital Standards:
  Monitor and assess Basel capital standards relevant to counter party credit risk — including SA-CCR, CVA capital, and leverage ratio — and support their incorporation into risk measurement, limit-setting, and governance practices.
• Analytics & Automation:
  Develop, automate, and enhance covered bond, securitized asset, reporting, dashboards, including the application of advanced analytics and AI-enabled monitoring to improve risk surveillance for securitized assets.
• New Product Assessment:
  Assess counter party credit risk for new products, structured transactions, and local currency funding and hedging proposals, providing independent quantitative challenge and analytical input to transaction reviews, policy papers, and governance notes.
• XVA & FVA Policy:
  Support the development and refinement of FVA and broader XVA policies and methodologies, including XVA attribution by trading desk; validation of funding, discount, and CDS curves and volatility assumptions; and analysis of differences between modeled, realized, and expected exposure profiles.
• Senio…