Risk Officer, Market Risk & Local Currency

The Risk Officer, Market Risk & Local Currency supports monitoring, analysis, and reporting of IFC’s market and local currency risk exposures. The role includes oversight and mentorship responsibilities, guiding junior staff across technical risk and treasury functions within the Market and Counterparty Risk Department (CROMC).

Responsibilities

• Conduct detailed analysis of market, liquidity, local currency, and IRRBB sensitivity exposures, including EVE and NII impact assessments across IFC’s investment book and treasury portfolios.
• Review capital calculations and oversee back testing exceptions, including investigation, documentation, and escalation, ensuring outputs are accurate and aligned with internal standards and regulatory expectations.
• Support the development and enhancement of risk methodologies, including sensitivity analysis, stress testing, scenario design, and risk limit frameworks.
• Produce timely and accurate reporting on risk exposures, limit utilization, trends, and emerging vulnerabilities.
• Monitor risk parameters to ensure alignment with risk appetite, internal policies, and regulatory expectations.
• Prepare memos, procedures, and frameworks for presentation to senior management and Risk Committees.
• Contribute to the formulation and periodic review of market risk, local currency, and ALM policies, guidelines, and procedures.
• Liaise closely with investment teams on policy-related work, including product design, hedging guidelines, and alignment with IFC’s financial sustainability framework.
• Review and analyze waiver requests, including make-whole provisions or exceptions to treasury, market risk, or ALM policies, ensuring consistency, transparency, and appropriate escalation.
• Coordinate with Treasury, Controller’s Department, Corporate Portfolio Management, and Credit & Counterparty Risk on ALM topics, derivatives exposures, and local currency initiatives.
• Support the Annual Funding Authorization process, including preparation, review, and ongoing monitoring of approved limits and utilization.
• Oversee liquidity calculations, ensuring the integrity and timeliness of outputs used in internal and external reporting.
• Contribute to the production of ALCO materials and other governance committee reporting.
• Support group-level reporting to ensure consistency with organizational standards and timelines.
• Enhance risk metrics, dashboards, and reporting tools to improve insight and efficiency.
• Assist in preparing materials for committee meetings and other governance forums.
• Contribute to the Murex project and other technology-related initiatives.
• Actively mentor, guide, and oversee junior staff across market risk, liquidity, and ALM functions, reviewing work output, providing structured feedback, and supporting professional development.
• Foster a culture of analytical rigor, accountability, and continuous improvement within the team.

Requirements

• Master’s degree in finance, economics, mathematics, financial engineering, or a related field.
• 8–10 years of relevant experience in market risk, liquidity risk, ALM, local currency risk management, or related financial risk roles.
• Strong understanding of financial markets, fixed income, FX, derivatives, and structured products.
• Familiarity with emerging market local currency risk issues preferred.
• Solid quantitative and analytical skills; familiarity with risk systems or programming (e.g., Python, R, MATLAB, SQL) is an advantage.
• Strong written and verbal communication skills, with the ability to present complex analysis clearly.
• Ability to work independently and collaboratively across departments.

Skills

• Market Risk Management
• Liquidity Risk
• Asset-Liability Management
• Local Currency Risk Management
• Financial Markets Knowledge
• Fixed Income Analysis
• Foreign Exchange Risk
• Derivatives Analysis
• Structured Products
• Quantitative Analysis
• Risk Systems
• Python Programming
• R Programming
• Matlab Programming
• SQL
• Financial Risk Management
• Risk Reporting
• Technical Risk Mentorship
• Treasury Functions

Languages

English