Senior Risk Management Officer Job #: req34168 Organization: MIGA Sector: Risk Grade: GG Term Duration:ย 4 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 9/10/2025 (MM/DD/YYYY) at 11:59pm UTC
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 shared 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.
The Economics and Sustainability Group (MIGES), oversees MIGAโs country and project risk assessment, analysis of development impact of individual projects and MIGAโs portfolio, evaluates and monitors project compliance with environmental, social, and integrity policies, and leads the development of MIGAโs research agenda. The selected candidate for theย MIGAโs Economics team (MIGEC) will be accountable for assessing country and project risk, assessing development impact of proposed guarantee projects and coordinating MIGAโs representation in and contribution to the WBGโs country engagement strategies.ย
Duties and Accountabilities:
1. Project Risk and Development Impact Analysis:
a. Undertake due diligence to identify and assess project-specific political risks and propose relevant mitigants, and provide relevant written sections to the early screening, underwriting and board papers. Defend contributions in decision-making committees and meetings with senior management.ย
b. Assume sector responsibility for a specific industry sector or sectors (such as energy and extractives), and provide guidance/oversight and peer review to team members for projects in the sector across regions.
c. Lead and/or oversee economic analysis of projects to assess the development impact of the projects in host countries supported by MIGA and present the development impact analysis in the early screening, underwriting and board papers and investment decision making committees. Ensure that projects are fully consistent with MIGAโs ex-ante development impact assessment framework and sound economics and policy and are aligned with the programs and objectives of the World Bank Group (WBG) and the IMF in these countries.
2. Country Risk Analysis with a focus on a group of countries typically within the same region:ย
a. Track and supervise developments affecting political and macroeconomic risks covered by MIGAโs political risk insurance guarantees and credit enhancement products.ย
b. Conduct country risk analysis and defend proposals for country risk rating changes.
c. As a voting member of MIGAโs country rating committee, participate in rating discussions, opine and vote on rating change proposals on MIGAโs global portfolio.
3. Country Engagement Strategy / One WBG Coordination:
Engage in the WBGโs country engagement process with client countries, including the Country Partnership Framework (CPF) process as well as the Country Climate Development Report (CCDR) and Country Private Sector Diagnostic (CPSD) process, which contribute to defining the WBGโs engagement strategy for a given country, and provide commentary and contributions on behalf of MIGA and the WBG Guarantee Platform to these diagnostic and operational documents for countries in selected region(s). Contribute to MIGAโs objectives by engaging with relevant government ministries/agencies, investment promotion agencies, SOEs etc. as needed, including during implementation. Represent MIGA in and provide substantive contributions to WBG-wide working groups and similar fora, on a range of subjects.ย
4 Other:ย
Ad-hoc assignments, including leading elements of the work program on the continuous development of the Economic Unitโs internal processes, policies, procedures and frameworks including in the context of the World Bankโs Evolution Roadmap. Lead the preparation of briefing material, country risk assessments and presentations for senior management staff for external/internal engagements as required and for internal processes. Evaluate country and project risks in other regions on ad-hoc basis and at times at short notice. Participate and lead self-evaluations of projects as needed.ย Mentor junior staff on the above work as needed.
Selection Criteria
โข Masterโs degree in Economics, Finance, Business Administration, Public Administration/Policy with a minimum of 8 years of relevant work experience or an equivalent combination of education and experience;
โข Extensive experience in an international private sector dealing with project and country risk, or international credit rating agency preferred;
โข Industry sector expertise, in particular in the energy and extractive sectors;
โข Very strong analytical skills and a proven, multi-year track record of achieving high-quality substantive results in the field of macro-economic and financial analysis with recognition for excellence and innovation;
โข Experience with econometric and financial modeling techniques, including in the areas of sovereign credit risk;
โข Sound knowledge of global economic and political developments and evolving trends in global capital markets;
โข In-depth Experience of structural reforms and linkages in key areas, such as fiscal and monetary policy/sustainability, management of economic volatility, trade analysis, and sources of growth analysis;
โข Comprehensive understanding of public finance and all the determinants of a sovereignโs willingness, and ability to honor payment commitments;
โข Knowledge and understanding and ideally practical experience in analyzing of sub-sovereign credit risk;
โข Outstanding ability to assess country risk factors, particularly for risks faced by private investors in developing countries;
โข Knowledge of and ideally experience in applying current approaches and methodologies to assess development impact of private and public investment projects in developing countries;
โข Good understanding of the political risk insurance business;
โข Excellent interpersonal skills: openness to feedback, new ideas, and ability to collaborate with colleagues to find solutions for various challenges;
โข Excellent verbal and written English language skills are essential, French, Spanish or Russian is desirable.
โข Willingness to travel, occasionally on short notice.
WBG Culture Attributes:
1. Sense of Urgency โ Anticipating and quickly reacting to the needs of internal and external stakeholders.
2. Thoughtful Risk Taking โ Taking informed and thoughtful risks and making courageous decisions to push boundaries for greater impact.
3. Empowerment and Accountability โ Engaging with others in an empowered and accountable manner for impactful results.
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 theย World Bankย andย IFC, including our values and inspiring stories.