E T Consultant - Finance and Risk Management Specialist

Job Description

Req#: req24894Application Closing Date: 11/10/2023DescriptionDo 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 share 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.Finance and Risk Management (MIGFR)The Finance and Risk Management Group (MIGFR) is responsible for MIGAs 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. This position will be based in one of the 3 locations: Chennai, Mumbai, or New Delhi, India.Roles and ResponsibilitiesA candidate must demonstrate comprehensive technical knowledge of credit risk analysis for counterparts in various industries acquired in a major financial institutions credit team and/or credit rating agency for at least 5 years.In the above context, the ETC is envisaged to: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;conduct credit due diligence on such financial institutions and corporates;recommend appropriate credit risk mitigants or enhancements as part of such NHFO SOE transactions;submit and present SOE credit risk analyses to relevant MIGA decision-making committees, both verbally and in written form;contribute to documents presenting NHFO SOE transactions to MIGAs Board of Directors for approval; andcontribute to the SOE Credit teams responsibilities of monitoring the credit quality of financial institutions and corporates in MIGAs portfolio.Selection CriteriaMust have a Masters degree (e.g., MBA, Finance) and at least 5 years of solid and relevant experience in analyzing the financial and non-financial risk of corporates and financial institutions, or an equivalent combination of education and experience.Must demonstrate deep technical knowledge of credit risk analysis acquired in a financial institution and/or credit rating agency.Must be 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 environment.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.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.Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments,

Keyskills :
credit risk analysisfinancial institutionscorporatesFinanceinterpersonal skillscommunication skillspresentation skillsNHFO SOE transactionscredit risk mitigantsMasters degreeMBAanalyzing financial riskanalyzing nonfinancial riskcollaborative