WBG Director, Operational Risk - req

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WBG Director, Operational Risk

Do you want to build a career that is truly worthwhile? 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.

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.

In the context of WBG, the newly unified WBG Operational Risk Department (CROOR), housed within the WBG Chief Risk Officer (WBG CRO), provides independent second line of defense oversight, assessment, and management of operational and business continuity risks across the World Bank Group. The Department strengthens institutional risk governance by ensuring that operational risk-taking activities are consistent with the WBG’s risk appetite, internal control frameworks, and long-term operational resilience objectives.

• Operational Risk, which includes the identification, assessment, and monitoring of risks arising from people, processes, systems, or external events.
• Business Continuity, focusing on ensuring WBG’s ability to maintain critical operations and services during and after disruptive events.
• Scenario Planning, a cross-cutting function embedded within operational risk and business continuity management.
• Corporate Insurance, providing strategic oversight and management of the WBG’s corporate insurance programs.
• Data Privacy Office, which oversees the governance and protection of personal and sensitive data.
• Risk Technology and Data Infrastructure, providing strategic oversight and implementation of technology platforms, data architecture, and analytical tools supporting operational risk and business continuity management.

The WBG Director for Operational Risk will lead a multidisciplinary team across the World Bank, IFC, and MIGA. The Director will be accountable for modeling WBG leadership values and managerial behaviors, ensuring delivery on commitments, and maintaining the highest standards of integrity, professionalism, and risk discipline.

• Oversee identification, assessment, monitoring, and reporting of operational risks across the WBG.
• Develop and maintain a comprehensive operational loss data framework.
• Design and implement hypothetical scenarios to pressure test operational resilience.
• Establish and monitor Key Risk Indicators (KRIs) and lead the Risk and Control Self-Assessment (RCSA) Program.
• Develop and maintain a robust statistical model for Operational Risk Capital.
• Coordinate with business partners to ensure effective management of non-financial risks.
• Provide independent perspectives to management and the Board on operational resilience and institutional risk posture.

• Ensure implementation and periodic testing of the WBG business continuity framework.
• Oversee development and maintenance of resiliency plans and ensure organizational preparedness for major disruptions.

• Integrate scenario planning as a cross-cutting function across operational risk and…