Associate Risk Officer- Credit & Counterparty Risk - req38733

IFC - International Finance Corporation; Washington (District of Columbia); On-site; USD 120,000 - 180,000; Full time

Job summary

IFC - International Finance Corporation, part of the World Bank Group, seeks an Associate Risk Officer to manage counterparty and credit risk in derivatives, with PFE/EE/EAD analytics and ISDA/CSA oversight. The role emphasizes Basel SA-CCR and capital standards, and supports automation of risk monitoring for securitized assets.

You will work within an international team in Washington, DC, contributing to risk sign-offs and governance reporting while leveraging advanced analytics and cross-team

Qualifications

• Master's degree in Finance, Economics, Statistics, Mathematics, or related quantitative field.
• At least five years in derivatives valuation or counterparty risk.
• Strong programming skills in Python, R, MATLAB, or SQL.
• Ability to translate complex quantitative analysis into actionable recommendations.
• Experience with Basel capital standards is a plus.

Responsibilities

• Monitor and report counterparty credit risk exposures and limit utilization, including PFE/EE/EAD metrics.
• Maintain and analyze ISDA Master Agreements, CSAs, collateral terms, and related risk issues with Legal and business teams.
• Assess PFE behavior under market movements and support limit monitoring.
• Oversee the migration of portfolios/limits (Numerix to Murex) with proper risk sign-off.
• Support Basel SA-CCR, CVA capital, and leverage ratio monitoring.
• Develop automated dashboards and analytics for securitized asset pools and derivatives exposures.
• Provide independent quantitative input for transaction reviews and governance notes.
• Prepare risk assessments and management briefings for senior management.

Skills

Derivatives valuation

Counterparty risk

Quant programming

Risk analytics

Communication

Collaboration

Education

Master's degree in Finance/Economics/Statistics/Math

Tools

Murex

Numerix

Bloomberg

Job description

Associate Risk Officer- Credit & Counterparty Risk

Job #: req38733

Organization: IFC

Sector: Risk

Grade: GF

Term Duration: Open-Ended Staff (OPEN-OP)

Recruitment Type: International Recruitment

Location: Washington, DC,United States

Required Language(s): English

Closing Date: 11/5/2026 (MM/DD/YYYY) at 11:59pm UTC

Description

At the World Bank, a member of the World Bank Group (WBG), you’ll join a diverse, global community working across cultures, disciplines, and borders to address the world’s most pressing development challenges. With 1.2 billion young people reaching working age in the decade ahead, the challenge of job creation has never been greater. Through partnerships across 145 countries and more than 182 offices worldwide, we work with governments, private sector, development partners and other stakeholders to invest in people, strengthen markets, and deliver scalable, data-driven solutions that generate more and better jobs and improve lives. For more information, visit https://www.worldbank.org/en/who-we-are/ibrd

Role Overview

CROMC is seeking an Associate Risk Officer to join an international, dynamic team supporting counterparty and credit risk management. The role centers on derivatives exposure monitoring and quantitative risk analytics, and will contribute to:

• Monitoring and analysis of derivatives exposures
• PFE and XVA analytics
• Implementation of Basel counterparty credit risk and capital standards
• ISDA and CSA analysis
• Providing credit risk sign-off on PFE limit monitoring and the migration of IFC exposures and limits (Numerix to Murex) ahead of PFE production use.
• Quantitative credit risk monitoring for covered bond and securitized asset pools, drawing on structured finance product expertise.
• Assessment of new products, structured transactions, and local currency funding and hedging proposals

Duties And Accountabilities

Counterparty Risk Management (Core Focus)

• Exposure Monitoring & Reporting: Contribute to the day-to-day monitoring, analysis, and reporting of counterparty credit risk exposures and limit utilization, including Potential Future Exposure (PFE), Expected Exposure (EE), Exposure at Default (EAD), pre-trade impact assessments, and portfolio-level exposure analysis across derivative counterparties.
• ISDA / CSA Management: Maintain and analyze the inventory of ISDA Master Agreements, Credit Support Annexes (CSAs), collateral arrangements, and key contractual terms; perform comparative analysis and support the resolution of counterparty credit issues in collaboration with Legal and business teams.
• Reviewing how PFE and related exposure measures behave under market movements, to confirm they support effective monitoring of IFC counterparty credit limits.
• Reviewing the set-up of credit limits and the migration of the IFC portfolio from Numerix to Murex for completeness and accuracy, and providing credit risk sign-off ahead of PFE production use.
• Basel Capital Standards: Monitor and assess Basel capital standards relevant to counterparty credit risk — including SA-CCR, CVA capital, and leverage ratio — and support their incorporation into risk measurement, limit-setting, and governance practices.
• Analytics & Automation: Develop, automate, and enhance covered bond, securitized asset, reporting, dashboards, including the application of advanced analytics and AI-enabled monitoring to improve risk surveillance for securitized assets.
• New Product Assessment: Assess counterparty credit risk for new products, structured transactions, and local currency funding and hedging proposals, providing independent quantitative challenge and analytical input to transaction reviews, policy papers, and governance notes.
• XVA & FVA Policy: Support the development and refinement of FVA and broader XVA policies and methodologies, including XVA attribution by trading desk; validation of funding, discount, and CDS curves and volatility assumptions; and analysis of differences between modeled, realized, and expected exposure profiles.
• Senior Management Reporting: Prepare and contribute to risk assessments, presentations, briefing materials, and memoranda for senior management and governance committees.

Securitized Credit Risk (Secondary Focus)

• Structured Products Analysis: Conduct quantitative analysis and assessment of structured and securitized products (ABS/MBS), including evaluation of risk-return trade-offs, P&L impact, and preparation of analytical materials for management.
• Local Currency Risk Frameworks: Support the development and enhancement of local currency risk frameworks, monitoring tools, early warning indicators, portfolio analytics, and management reporting.
• Develop monitoring criteria for securitization and covered bond pools, using specialist product knowledge to define the risk drivers, indicators and thresholds. Hand over completed tools to the relevant teams for routine operation.

Selection Criteria

• Education: Master's degree in Finance, Economics, Statistics, Mathematics, Financial Engineering, or a related quantitative discipline.
• Experience: At least five years of relevant experience in derivatives valuation, counterparty credit risk, or credit risk modeling or similar fields within an investment bank, multilateral development bank, rating agency, or similar financial institution.
• Derivatives & Counterparty Risk Expertise: understanding of counterparty exposure and valuation concepts, including PFE, EE, EAD, CVA, FVA, KVA, collateral, netting, and the drivers of exposure profiles..
• Quantitative & Analytical Skills:. Strong programming skills in Python, R, MATLAB, or SQL l. Candidates with strong quant skills but limited securitized product experience are encouraged to apply.
• Communication: Strong written and verbal skills, with the ability to translate complex quantitative analysis into clear recommendations for both technical and non-technical audiences.
• Collaboration: Ability to work independently and across teams Risk, Treasury, Legal, Operations, and business units.

Highly Desirable

• Knowledge of Basel counterparty credit risk and capital standards, including SA-CCR, CVA capital, and leverage-ratio exposure measurement.
• Experience with counterparty risk systems and market data platforms such as Murex, Numerix, Bloomberg,; experience with system implementation, migration, testing, or model validation is a strong plus.
• Experience developing automated reports, dashboards, early warning indicators, or AI-enabled risk-monitoring solutions.
• High level of integrity, sound judgment, and commitment to the WBG's mission.

As the World Bank Group continues to evolve, we value candidates who:

• Demonstrate the ability to collaborate effectively across teams, disciplines, cultures, and institutional boundaries.
• Responsibly leverage digital and AI-enabled tools to enhance productivity, learning, and decision-making.
• Bring experience working in fragile, conflict-affected, and violent (FCV) contexts and are encouraged to highlight relevant experience in their application materials, where applicable.

WBG Culture Attributes

• Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
• Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
• Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.

World Bank Group Core Competencies

WBG Five Managerial Competencies Include only for managerial positions

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.