Associate) Credit Risk Officer

**(Associate) Credit Risk Officer**

**Job #**:

- req33588

**Organization**:

- IFC

**Sector**:

- Risk

**Grade**:

- GF

**Term Duration**:

- 3 years 0 months

**Recruitment Type**:

- Local Recruitment

**Location**:

- Vienna, Austria
Johannesburg, South Africa

**Required Language(s)**:

- English

**Preferred Language(s)**:
**Closing Date**:

- 7/8/2025 (MM/DD/YYYY) at 11:59pm UTC

**Description**

IFC is also a leading mobilizer of third-party resources for projects. Our willingness to engage in difficult environments and our leadership in crowding-in private finance enable us to extend our footprint and have a development impact well beyond our direct resources.

IFC’s Credit Risk Department: IFC's Credit and Investment Risk Department (CIR) is responsible for providing an independent assessment of risks for all new investment transactions and material portfolio events. Being a part of the formal investment approval hierarchy, CIR serves as a “second pair of eyes”. CIR works to strengthen IFC's credit culture, investment quality, and impact by working closely with investment and supporting departments across the Corporation.

**CIR is tasked to**:

- For new investment proposals and material portfolio actions, assessing investment and credit risk and guiding Investment teams with decision makers to arrive at structures that appropriately mitigate and compensate IFC for identified risks, meet IFC’s minimum investment standards as required by any applicable policies, procedures, or guidelines, meet profitability targets for equity and mezzanine investments and are within the risk appetite established by senior management.
- For new investment proposals and material portfolio actions, provide expert input to identify upside potential and vulnerabilities associated with new transactions as well as waivers and changes to existing investments and ensure value addition opportunities and risks are fully identified, disclosed, clearly and synthetically communicated, and understood throughout the approval process.
- Maintaining a strong credit and equity culture within IFC and supporting dissemination of credit and equity expertise and best practice through various knowledge management activities, the development of credit and equity standards, credit and equity risk policies, structuring guidelines and procedures, deal acceptance criteria, and business process improvements.
- At the portfolio level, CIR helps to monitor, and highlight to IFC management, global and sector trends as well as other high-level issues that could adversely impact the credit quality of IFC's investment portfolio through.
- Identifying aggregate balance sheet risks by product, sub-sector and region.
- Participating in country and regional sector reviews, as well as in portfolio reviews.
- Recommending adjustments to IFC policy and investment guidelines as markets evolve and based on IFC investment experience.

IFC has embarked on an ambitious new strategy to stimulate more investment by Creating Markets, mobilizing, innovation and increasing presence in our member countries. This new and ambitious strategy requires a shift in our approach to proactively create, deepen and expand markets and projects. This strategy also relies on upstream work with Governments and World Bank colleagues to enable private sector solutions and financing. Working with clients, we will first seek private sector solutions to address development challenges, where such solutions are advisable and can be effective, and reserve public financing for projects only when other options are suboptimal. Creating Markets is a proactive and systematic approach to market creation and mobilization of private sector solutions across the WBG, that includes developing undeveloped markets or fostering systemic changes to existing and less developed markets.
This ambitious business plan requires from the CIR new approaches and ways to support IFC strategy while maintaining our long-term financial sustainability and asset quality.

**Credit Risk Officer Description**
- Develop a deeper understanding of IFC’s investment business from a risk perspective and strengthening his / her credit and equity analytical skills.
- Get broad-based exposure to the Investment and Credit Risk Department’s approach to assessing projects across a wide range of products both Debt and Equity, countries (including investment in FCS and IDA countries), and Industries (Financial Institutions, Structured Finance and Capital Markets, Infrastructure, Telecom & Technology, and Manufacturing, Agribusiness & Services).
- The CRO will report to relevant Regional Chief Risk Officer. The CRO will have the following responsibilities under the guidance of the RCRO and Chief Credit Officers (CCOs).
- With the guidance from RCRO and CCOs, review investment concepts and investment proposals, including financial models, credit ratings, transaction term sheets, and other project documents prepared by project teams