Underwriter – Trade Finance Guarantees Job at World Bank, Washington DC , United States

  • Salary:
    negotiable / YEAR
  • Job type:
    FULL_TIME
  • Posted:
    5 months ago
  • Category:
  • Deadline:
    28/06/2024

JOB DESCRIPTION

 

Description

 

Do you want to build a career that is truly worthwhile? The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group, and our mission is to promote foreign direct investment into developing countries to help end extreme poverty and boost share prosperity. We do that through the provision of political risk insurance and credit enhancement to investors and lenders against losses caused by noncommercial risks. For more information, visit www.miga.org.
 
MIGA’s Operations Department (MIGOP) is seeking an Underwriter to work with MIGA’s Global Trade Finance team in implementing the Trade Finance Guarantee (TFG) business. The incumbent will work closely with the TFP team to develop a robust pipeline of opportunities in IDA/FCV countries, and support policy work, planning and strategy development for the Trade Finance Program This position will be based in Washington, DC or London, UK.  The selected candidate will report to the Trade Finance Head. 

 

 
Note: If the selected candidate is British and will be hired in London, please note that s/he will be subject to local recruitment and paid in local currency.
 
Duties and Accountabilities
  • Lead the work of the cross-functional project teams that undertake the guarantee underwriting work within MIGA. Such underwriting work may involve the critical analysis of technical, commercial viability, legal, credit, non-commercial risk associated with the transactions being put forward for MIGA guarantee consideration;
  • Closely coordinate with prospective trade finance guarantee holders and World Bank Group local counterparts regarding arrangements for due diligence, Government calls/meetings as may be considered necessary to support the guarantee underwriting work;
  • Prepare high quality presentations and analytical reports, and guarantee proposal documents for the consideration of MIGA’s Senior Management and Board of Executive Directors. Such presentations, reports, documents shall cover the scope and nature of the risks to be guaranteed by MIGA, and the terms and conditions of the associated contract(s) of guarantee, including recommendations on appropriate underwriting structures and risk mitigants;
  • In close coordination with MIGA’s sector and regional teams, support MIGA’s new business trade finance origination and client management efforts with the aim of generating a robust pipeline of trade finance transactions through management of key clients, export credit agencies and development partners;
  • Contribute to development of relevant marketing materials / corporate presentations and serve as a knowledge champion of the Trade Finance Guarantee product and approval processes;
  • Provide Trade Finance Program related input and reporting in support of the annual budget / strategy (SBI) formulation and approvals process, and to other corporate briefs and reports as needed;
  • Support Trade Finance Guarantee program through contribution of inputs for strategy, business plan, budget as well as preparation and updating of briefing materials and guidelines; 
  • Support MIGA’s broader strategic priorities (IDA, FCS, Climate) by continuously exploring ways in which the Trade Finance Guarantee Initiative (TFGI) could be leveraged to deliver on MIGA’s impact and volume objectives for the TFG Program.

 

Selection Criteria

 

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  • Master’s degree (e.g., in International Business, Finance, Economics, or related field) and at least 5 years of directly relevant experience (e.g., in trade finance/ credit guarantees, and/or export/agency finance and/or corporate finance) or an equivalent combination of education and experience
  • Extensive knowledge of emerging markets finance and economic development as well as an understanding of issues related to short/medium/long term trade and trade finance in emerging markets
  • Demonstrated technical underwriting skills, and proven track record in trade finance/ ECA finance and/or corporate finance (debt financing)
  • Sound financial analysis skills, including experience analyzing and structuring short/medium/long term trade finance
  • Excellent analytical and communication skills (both written and oral)
  • Strong client orientation, diplomatic skills, as well as sensitivity to social and cultural issues. Effective interpersonal skills and ability to interact effectively with multi-cultural clients and colleagues under time pressure
  • Demonstrated experience working in teams and a proven track record in delivering high quality work results and closing transactions
  • Demonstrated interpersonal skills in managing transactions and project teams
  • High degree of discretion, ethics, tact, and sensitivity in handling confidential and sensitive information; ability to maintain high standard of personal integrity
  • Language requirements: English (required) and French or Spanish (preferred)

 

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

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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