Manager, Risk Framework & Data

Manager, Risk Framework & Data

Description

The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group with a mission to promote foreign direct investment into developing countries to help end extreme poverty and boost shared prosperity on a livable planet. MIGA houses the World Bank Group (WBG) guarantee platform which brings together products and experts from the World Bank, International Finance Corporation (IFC), and MIGA for simplicity, efficiency, and speed. MIGA serves as a one-stop shop for all WBG guarantee business, providing the best guarantee solutions for clients to meet project needs and development priorities. The platform provides three types of coverages: credit guarantees for loans to the public or private sector; trade finance guarantees for trade finance projects involving public entities; and political risk insurance against non-commercial risks for private sector projects or public-private partnerships. For more information, visit  www.miga.org

Unit Description

The MIGA Finance and Risk Department (MIGFR) acts as the custodian of MIGA's financial integrity with a focus on both income sustainability and balance sheet strength. MIGFR maintains the Agency's capital adequacy and risk frameworks, prices guarantees, manages reinsurance operations that allow significant leveraging of the Agency's small capital base, oversees credit risk, manages MIGA's data capabilities, and provides the financial modeling and analytics that guide MIGA's strategic decisions.

As MIGA enters a period of significant strategic expansion of its Guarantee platform, MIGFR is being realigned into two managerial teams to support the Agency's growth ambitions and the increasingly integrated nature of its work program. The Risk Framework & Data team consolidates MIGA's overall risk framework and risk appetite, portfolio risk management, credit risk (covering SOE and reinsurance counterparty ratings), and data and analytics support to MIGA.

MIGFR is seeking a Manager for the Risk Framework & Data team who will provide strategic leadership across these functions and embed the risk perspective deeply into MIGA's product, portfolio, and innovation agendas.

Duties & Responsibilities

The Manager (Risk Framework & Data) will provide strategic leadership and technical oversight across the team's mandate within MIGFR. Specifically, the Manager will be responsible for the following:

Strategic leadership and team management: Provide leadership to the team, set strategic direction, build team capability, manage performance, and drive integration across the constituent functions. Foster cross-team learning and develop the function's evolution from a credit-focused team into the broader owner of MIGA's risk framework and data agenda. Drive the evolution of the team's processes, structure, and ways of working in line with MIGA's growth and developments in technology.

Risk framework and risk appetite: Own MIGA's overall risk framework spanning the full product spectrum. Oversee the risk appetite statement and its translation into operational limits and policies. Deepen the understanding of project-level risks across all guarantee types to more appropriately inform risk appetite, framework design, and exposure limits. Ensure the framework remains consistent with MIGA's capital adequacy framework and broader financial sustainability objectives.

Risk support for product innovation: Build on the function's growing role in product innovation by providing the risk perspective and analytical grounding that new product development requires. Partner with operational teams on new product design from a risk standpoint, ensuring that innovation is supported by appropriate risk methodologies and framework updates.

Portfolio risk management and credit risk: Oversee portfolio risk management, including monitoring portfolio performance, identifying early warning signals, and producing risk recommendations for senior management. Provide strategic oversight of the credit risk function, covering SOE credit assessments for Non-Honoring of Financial Obligations by State-Owned Enterprises (NHFO SOE) transactions, reinsurance counterparty credit ratings, and the risk-limit management framework (including setting and monitoring exposure limits).

Data and analytics: Oversee MIGFR's data capabilities to support risk analytics and reporting, and contribute to Agency-wide data and analytics priorities. Drive continuous improvement in MIGFR's analytical tooling and ensure the function makes effective use of new technologies.

Selection Criteria

•Master's degree in Finance, Risk Management, Economics, Business Administration, or other relevant field, with a minimum of 12 years of directly relevant professional experience.

•A seasoned risk management expert, with deep experience designing and operating risk frameworks, risk appetite statements, and exposure-limit frameworks in a financial institution.

•Experience with credit risk assessment and rating methodologies in one or more of the following: sovereigns, sub-sovereigns, state-owned enterprises, or reinsurance counterparties.

•Demonstrated experience in financial and portfolio risk management in emerging markets, including monitoring portfolio performance, identifying early warning signals, and producing risk recommendations for senior management.

•Familiarity with data and analytics in a risk-management context, including the use of analytics to support portfolio monitoring, risk reporting, and decision-making.

•A conceptual and strategic thinker who also fully grasps technical details and nuances. Strong ability to develop sound and practical solutions to complex problems.

•Demonstrated experience leading and managing diverse professional teams, including setting strategic direction, managing performance, building team cohesion, and driving operational or institutional change.

•Excellent communication skills. Strong writing and oral communications skills are essential. Ability to articulate and communicate complex and highly technical matters for non-technical audiences in a clear, concise and convincing manner.

•Highly organized and pays attention to details. Experienced with designing robust business processes to ensure accurate and high-quality analytical deliverables with strong internal controls.

•Strong interpersonal and diplomacy skills. Ability to build effective partnerships with a wide range of internal and external stakeholders, including resolving conflicting views and forging consensus.

•Strong leadership, managerial and organizational skills, ability to effectively plan and allocate resources to deliver the team's work programs in a timely manner with high quality. Commitment to innovations and process improvement, including utilizing the latest new technologies.

•Excellent work ethic and results focus, with a “can do” attitude.

WBG Managerial Competencies

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.