Location:

New York, United States
Salary:

negotiable / YEAR
Job type:

CONTRACTOR
Posted:

3 months ago
Category:
Deadline:

26/09/2024

JOB DESCRIPTION

Description

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet. For more information, visit www.ifc.org.

IFC’s Market and Liquidity Risk Unit (CRMMR), which sits within the Financial Risk Management area of the Corporate Risk Management (CRM) department, is responsible for measuring, managing, and monitoring market and liquidity risks across IFC’s balance sheet. The unit also participates in the risk analysis on Treasury economic capital, asset liability management, and external reporting to rating agencies. The unit is searching for an Extended-Term Consultant to join a small dynamic team to deepen the analysis of market and liquidity risks.

Role & Responsibilities:

The successful candidate will:

• Monitor IFC’s balance sheet market risk exposures (interest rate, FX risk, etc.), external market trends, and connect the resulting P&L with those trends.

• Perform the ongoing regular operations for Asset Liability Management (ALM), stress testing, economic capital, and liquidity risk measurements and play a central role in enhancements to those measurements.

• Identify material market and liquidity risk concerns and help communicate those concerns to IFC management.

• Lead improvements in automation and efficiency of recurring analysis and reporting.

• Engage with Treasury and Portfolio Management stakeholders and help build cross-departmental relationships.

• Contribute to the monthly, quarterly, and annual management and external reporting on the risks in IFC’s Treasury portfolio.

• Participate in designing and testing the market and liquidity risk requirements for the new Treasury analytics platform.

Selection Criteria

• Master’s degree in Finance, Business, or related field or equivalent and a certification in Finance or Risk Management (CFA, FRM, or PRM) is preferred.

• At least 8 years of experience related to financial analysis of fixed income and derivatives.

• Excellent knowledge of fixed income and derivatives products, including swaps, swaptions, sovereign bonds, and securitized products (ABS and RMBS).

• Excellent knowledge of market risk measurement analytic measures, including DV01, value at risk, stress testing, scenario analysis, and option-adjusted risk analysis.

• Very Good knowledge of ALM risk techniques, including Basel’s Interest Rate Risk of the Banking Book (IRRBB) stress tests.

• Very good knowledge of funding and liquidity risk management approaches, such as the Basel Liquidity Ratio and the Rating Agency Liquidity Frameworks.

• High analytical ability as demonstrated by work in relevant areas and/or academic qualifications.

• Strong experience with Treasury analytic and risk systems, such as Murex, Summit, and/or Bloomberg MARS.

• Strong experience with databases, including the ability to extract, clean, and analyze data using SQL queries and Python; data visualization skills and experience with dashboarding tools (Tableau, Power BI) are also a plus.

• Strong background in statistical data analysis and other quantitative techniques; knowledge of statistical high-level data analysis languages such as Matlab or R would be a strong plus.

• Good team player with the ability to collaborate with colleagues within and across the department

• Very strong written and oral communication skills.

• Previous buy-side or sell-side trading experience in fixed income or derivatives is preferred.

• Previous work experience in a large financial organization is a plus.

World Bank Group Core Competencies

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 IFC, including our values and inspiring stories.

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