World Bank Group Hiring for IFC Vice President, Risk and Finance Job at Washington, DC Full Time

International Finance Corporation (IFC) —a member of the World Bank Group (WBG) — 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 in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with unprecedented levels of uncertainty and volatility. For more information, visit www.ifc.org.

The Risk & Finance Vice Presidency Unit (VPU) helps to ensure that IFC is sufficiently capitalized and financially sustainable to grow its operations through prudent risk management at the corporate, portfolio, project, and client levels. It strives to set best practice standards in risk management to drive sustainable private sector development in emerging markets.

IFC is seeking to recruit a Vice President to lead the Risk and Finance VPU to be based in Washington, D.C. This key leadership role provides overall direction for IFC’s Risk and Finance function and is charged with ensuring that a thorough oversight is maintained over all IFC’s activities in a complex, global, and decentralized environment. The Vice President will oversee IFC’s Controller, Investment & Credit Risk, Corporate Risk Management, and Special Operations departments, leading a team of approximately 300 people. S/he will report to the IFC Managing Director and will be a member of the IFC Management Team. S/he will also work with other senior leaders across the WBG.

Duties and Accountabilities

Business

• Provide leadership for IFC’s risk and finance functions, including market, liquidity, funding, credit, and operational risks across the Corporation.
• Oversee IFC’s Controller’s function, including internal controls over financial reporting, to ensure compliance with the Corporation’s standards.
• Develop and manage IFC’s enterprise risk management frameworks and processes.
• Guide the development of risk management initiatives.
• Work closely with the various Vice Presidents across IFC and WBG to ensure that business delivery is in line with all aspects of the Corporation’s risk frameworks.
• Promote continuous learning and catalyze new ideas, business models, and innovation in IFC’s response to client, country, and global development challenges.
• Interact with the members of IFC’s Board and actively participate in the Board Meetings, as well as chair technical briefings and other workshops.
• As needed, represent IFC in internal and external events and strengthen IFC’s global brand.

Knowledge Management and Partnerships

• Plan and oversee the implementation of relevant knowledge-management, knowledge-sharing and thought leadership objectives and strategies in areas of expertise within the VPU.
• Work closely with other VPs to ensure that lessons of experience from IFC operations, including from workout cases, are captured, curated and disseminated across the corporation and contribute to the WBG’s global knowledge bank.
• Manage relationships with other DFIs in order to coordinate relevant developments, emerging trends and consistent policies and approaches.

People and Resource Management

• Attract resources, both financial and talent, including hiring and developing diverse talent, to achieve the business objectives.
• Provide overall leadership and people management, fostering diverse, equitable and inclusive work environment.
• Manage overall budget for the Vice Presidency with a goal to increasing efficiency and effectiveness.

In addition to the WBG managerial selection criteria*, the following qualifications are sought:

• Integrity and values: Unquestionable integrity, alignment with the WBG core values, strong work ethics. Commitment to diversity & inclusion, teamwork, excellence, innovation and accountability. Strong results-orientation.
• Education, experience and expertise: A PhD or Master’s degree, a minimum of 20 years of relevant experience, and established professional credibility; demonstrated track record of results and innovation; demonstrated success in building risk management systems and directing risk management function at an executive level within a complex financial institution; investment experience, deep familiarity with corporate banking, and outstanding technical skills in credit risk management in emerging markets; superior business judgment and ability to balance the financial integrity and reputation of the institution with commercial viability at an enterprise-wide level; demonstrated ability to think strategically, prioritize effectively, mobilize resources and deploy them flexibly; capacity to build strong client/partner relationships.
• People leadership skills: Demonstrated ability to lead effectively, manage a large and dispersed team in a dynamic and multicultural environment, and attract high caliber people and nurture their development; ability and willingness to make decisions, take accountability and hold others accountable for delivery.
• Collaboration and innovation: Ability to work collaboratively in a matrixed and highly complex organization, with superior influencing and interpersonal skills; ability to cultivate an active network of relationships inside and outside the organization; interest in and ability to drive innovation and change, and to bring together groups that are used to working autonomously to solve problems and make decisions.
• Communication skills: Effective and persuasive oral and written communication skills to work successfully with external stakeholders, clients, as well as with WBG senior management and IFC’s Board of Directors, and to represent publicly the IFC and WBG’s viewpoints in global forums.

• WBG-wide managerial selection criteria include – courage of your convictions, leading the team for impact, influencing across boundaries, fostering openness to new ideas, and building talent for the future.