Job Details

E T Consultant - Credit Risk

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 (WBG), 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 (PRI) and credit enhancement to investors and lenders against losses caused by noncommercial risks. For more information, www.miga.org.

Finance and Risk Management (MIGFR)

The Finance and Risk Management Group (MIGFR) is responsible for MIGA’s financial integrity, income sustainability and balance sheet strength, accounting and related financial control functions, integrated risk management program, reinsurance for underwriting activity, analytical support for portfolio management, relationships management with counterparties and brokers, and monitoring their status as well as the management of resources available to MIGA and all information technology (IT) initiatives in MIGA.

MIGFR is seeking an Extended Term Consultant (ETC), who will be responsible for assessing, rating, recommending and monitoring the credit risk of sovereign-owned enterprises (SOE) in developing markets where MIGA considers providing credit enhancement under its Non-Honoring of Financial Obligations by State-Owned Enterprises (NHFO SOE) product.

Responsibilities

A candidate must demonstrate comprehensive technical knowledge of credit risk analysis for counterparts in various industries acquired in a major financial institution’s credit team and/or credit rating agency for at least 2 years. 

In the above context, the consultant is envisaged to 

(1) participate in underwriting teams for new NHFO SOE transactions in which (s)he will provide verbal and written analysis of the credit risk to MIGA resulting from the provision of credit enhancement to financial institutions and corporates under its NHFO SOE product; 
(2) conduct credit due diligence on such financial institutions and corporates; 
(3) recommend appropriate credit risk mitigants – or enhancements as part of such NHFO SOE transactions; 
(4) submit and present SOE credit risk analyses to relevant MIGA decision-making committees, both verbally and in written form; 
(5) contribute to documents presenting NHFO SOE transactions to MIGA’s Board of Directors for approval; 
(6) contribute to the SOE Credit team’s responsibilities of monitoring the credit quality of financial institutions and corporates in MIGA’s portfolio.

Selection Criteria

• Must have a Master’s degree and at least 2 years of solid and relevant experience in analyzing the financial and non-financial risk of corporate and financial institutions.
• Must demonstrate deep technical knowledge of credit risk analysis acquired in a financial institution and/or credit rating agency.
• Must be a collaborative team player with the ability to stand up under scrutiny and pressure.
• Outstanding analytical abilities
• Excellent partnering and interpersonal skills, and the ability to establish and develop relationships within the organization and with the reinsurance underwriting team.
• Sensitivity to operate successfully in multi-cultural and highly diverse environments.
• Excellent communication and presentation skills in English, both written and orally.
• Impeccable personal and integrity record.
• Motivated and enthusiastic about the opportunities and challenges of working for a development institution.

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