Senior/Principal Risk Officer
IFC - Washington, DC

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The Integrity Risk and AML/CFT (CRVIA) Division in the Investment and Credit Risk Department (CRV) under the Risk, Finance and Strategy Vice Presidency is responsible for risk oversight of (1) integrity risk, and (2) Anti-money Laundering/Combating the Financing of Terrorism (AML/CFT), in both IFC’s investment and advisory services operations.

The role of the function is to guide and advise IFC staff and management on these risk issues, to bring greater awareness, and to develop and implement solutions to minimize these risks. Within the integrity risk area, CRVIA undertakes policy development, analysis of integrity issues, operation of the screening system, and analysis of IFC’s overall integrity framework. Similar undertakings are made for IFC’s AML/CFT framework.

Going forward, the function will take on a more active role in the integrity due diligence process for both investment operations and advisory services with referral to CRVIA for identified integrity risk flag issues, ability to escalate integrity risk issues to senior management, as well as strengthening staff training to meet increased attention to these issues. This also includes decentralization of senior level Integrity Risk staff to regional hubs.

CRVIA works with both investment and advisory operational departments in analyzing and mitigating client integrity risk issues throughout the project cycle, as well as coordinates activities with the WBG’s Institutional Integrity Vice Presidency and IFC’s Legal Department. Given the duality of both transactional and corporate risk services to deliver, CRVIA is required to perform a wide range of activities requiring frequent interaction with senior management, transaction teams, other departments in IFC, and WBG with utmost professionalism and discretion.

Duties and Accountabilities:
To work in these areas of client and partner integrity, AML/CFT, and other intelligence, the Corporation is now seeking two Senior/Principal Risk Officers to support the CRVIA team and to protect IFC from associated impact on its reputation. The Officers will be involved in all of the core activities of CRVIA and be recognized as independent voice on integrity risk issues in operational matters for a subset of countries/sectors. S/he will ensure consistency of approach and principles in promulgating strategic and integrity risk practices and oversight across decentralized IFC operations. S/he will closely collaborate with staff in other Departments in the Risk Vice Presidency, and in particular with Risk Director and Chief Risk Officers in the Operational Centers.

The Officers will provide knowledge, expertise and leadership to address IFC’s unique integrity risk and reputational issues associated with implementing its development mandate. S/he will work closely with operational staff (investment and advisory) to incorporate integrity risk due diligence into project preparation/supervision and to improve staff awareness of integrity issues.

Selection Criteria:
  • Knowledge, interest and experience in matters of integrity, fraud and corruption risk issues, and potential impact on IFC’s reputation, including familiarity of the WBG Governance Anti-Corruption (GAC) agenda.
  • At least six years of investment/advisory operational experience, including in risk management functions – financial markets experience, particularly in the area of client/partner integrity a plus.
  • Knowledge of/experience with IFC policies, procedures, and operational activities in more than one sector/region including proven operational track record.
  • Proven ability to build effective client relationships (internally and externally, i.e., in interacting with IFC businesses, the World Bank Group, and other external clients and partners.)
  • Strong negotiation skills, diplomacy and solid judgment.
  • Organizational capacity for process improvements as a change agent and to act as a catalyst for innovation in risk oversight.
  • Ability to deal with increased complexity, ambiguity and crisis with confidence and discretion.
  • Commitment to the World Bank Group and to IFC's mission, strategy and values
  • Recognized team player and leader, ability to manage and resolve conflict.
  • Highest standards of ethical integrity, transparency and fairness, decisiveness.
  • Willingness to relocate to a field office a plus.
Please note that only short-listed candidates will be contacted.

About this company
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries....