Credit Risk Officer - MIGFR

Job #: req36996
Organization: MIGA
Sector: Risk
Grade: GF
Term Duration:  3 years 0 months
Recruitment Type: Local Recruitment
Location: Chennai,India
Required Language(s): English
Preferred Language(s):
Closing Date: 6/18/2026 (MM/DD/YYYY) at 11:59pm UTC

Description

Build a career with impact. Working at the World Bank Group (WBG) provides a unique opportunity to help countries solve their greatest development challenges. As one of the largest sources of funding and knowledge for developing countries, the WBG is a unique partnership of five global institutions dedicated to ending poverty, increasing shared prosperity, and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, the WBG works with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. 

The MIGA Finance and Risk Department (MIGFR), which houses the Credit Team, acts as the custodian of MIGA’s financial integrity with a focus on both income sustainability and balance sheet strength. The Credit Team within MIGFR is responsible for a broad range of analytical and risk management functions that span counterparty credit assessment, portfolio risk oversight, and risk framework governance.  
On the credit side, the Team assesses the creditworthiness of state-owned enterprises (SOEs) in developing markets where MIGA is considering the provision of credit enhancement under its Non-Honoring of Financial Obligations by State-Owned Enterprises (NHFO SOE) guarantee product, and evaluates the financial strength and credit standing of reinsurance counterparties that MIGA engages to support portfolio risk management and private capital mobilization. 
In addition, the Team manages MIGA’s risk limit management framework, including setting and monitoring exposure limits across the guarantee portfolio. The Team also serves as the institutional owner of MIGA's broader risk framework, ensuring that policies, methodologies, and risk appetite standards remain current and fit for purpose. 
In addition, the Credit Team provides dedicated risk support for new products and innovation initiatives, partnering with business development and operational teams to assess and structure emerging guarantee products and solutions.
The Credit Team is seeking two Credit Risk Officers, whose primary responsibility will be to assess, rate, and monitor the credit risk of state-owned enterprises (SOEs) in developing markets where MIGA considers providing credit enhancement under NHFO SOE products. 
The selected candidates will also support the evaluation of reinsurance counterparties and, where relevant, contribute to broader analytical work related to portfolio monitoring as well as maintenance and enhancement of MIGA’s risk limit framework. 
Duties & responsibilities
In the above context, the selected candidates will support MIGA’s credit function, with a principal focus on SOE credit analysis in connection with NHFO SOE transactions, portfolio monitoring and significant responsibility for the assessment of reinsurance counterparties.
With respect to SOE credit activities, the selected candidates will participate in underwriting teams for new NHFO SOE transactions, conduct credit due diligence, recommend appropriate credit risk mitigants or structural enhancements, submit and present SOE credit analyses to relevant MIGA decision-making committees, contribute to documents prepared for MIGA’s Board of Directors, and support the monitoring of the credit quality of MIGA’s NHFO SOE portfolio.
With respect to reinsurance credit activities, the selected candidates will conduct annual and ad hoc credit risk analyses of reinsurance counterparties, prepare written credit assessment reports and rating recommendations, and participate in MIGA’s quarterly Reinsurer Counterparty Credit Risk Committee to present credit assessments and recommendations.
In addition, the selected candidates will be expected to contribute to broader analytical work related to portfolio monitoring, maintenance of MIGA’s risk limit management framework, and support to colleagues for other risk initiatives, as needed.

Selection Criteria

•  Must have a master’s degree (e.g., MBA, Finance) with at least 5 years of solid and relevant experience in credit risk analysis, including exposure to corporates, financial institutions, state-owned enterprises, and/or reinsurance counterparties, or an equivalent combination of education and experience.
•  Must demonstrate deep technical knowledge of credit risk analysis acquired in a major financial institution and/or credit rating agency, including familiarity with rating agency methodologies, experience conducting bespoke corporate and/or SOE credit analyses (as opposed to portfolio-only work), and the ability to assess transaction-related SOE exposures and reinsurance counterparty risk, including in emerging markets.
•  Exposure to broader portfolio risk monitoring, risk limit framework management, and risk framework governance would be an advantage.
•  High level of AI literacy applied to risk management would be preferable.
•  Must be a collaborative team player with the confidence and judgment to perform effectively under scrutiny and pressure.
•  Outstanding analytical and problem-solving abilities.
•  Excellent partnering and interpersonal skills, with the ability to build effective relationships across the organization, including with underwriting, risk, and other relevant internal stakeholders.
•  Ability to work effectively in a multicultural and highly diverse environment.
•  Excellent written and oral communication and presentation skills in English. Spanish or French work proficiency is a plus.
•  Strong personal integrity and sound professional judgment.
•  Motivated and enthusiastic about the opportunities and challenges of working in a development institution.
•  Ability to work independently, prioritize assignments, and provide timely support to internal clients, often under tight deadlines.
•  Excellent organizational skills.
•  Ability to identify relevant information sources, apply sound judgment, and develop actionable recommendations.

WBG Culture Attributes:

1. Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
2. Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
3. Empowerment and accountability: Empower yourself and others to act and hold each other accountable for 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 the World Bank and IFC including our values and inspiring stories.

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