Title: Manager, Operational Risk, CPM- Washington, DC- 132677
Job #: 132677
Job Stream: Other
Location: Washington, DC
Closing Date: 12/20/2013
Background / General description:
The Portfolio and Operational Risk Department (CPM), under the Risk
Management and Portfolio Vice Presidency, is responsible for risk oversight of
IFC’s investment portfolio, operational risk, project and corporate insurance,
and business continuity.
Department’s divisions work closely with the
regional-based Portfolio Managers to promote introduction of best portfolio
management practices and tools, and early identification of business issues and
needs, while the Risk units provide guidance and advice to IFC staff and management,
and develop and implement solutions to mitigate these risks. In this context,
Operational Risk Division works closely with both new business and portfolio
investment officers and managers, to deliver risk mitigation through a variety
of insurance products.
The Department is looking to hire a Manager to lead operational risk
division, to bring together best-in-class risk mitigation of operational risk
in all IFC businesses – investment operations, treasury, advisory operations
and AMC.
Duties and Accountabilities:
The Manager will be a member of the CPM Leadership Team. Duties and
accountabilities include:
Business Accountabilities:
-Lead a team of 10 professionals located in headquarters, to deliver
best-in-class and operationally relevant operational risk and business
continuity solutions to the Corporation;
-Lead all corporate work related to the Internal Audit of the WBG and its
impact on IFC;
-Oversee the corporate business continuity division, ensuring that IFC
needs in business continuity, at all levels of the organizations, are met;
-Proactively manage corporate business continuity budget for IFC;
-Substantively contribute to departmental, corporate, and World Bank
Group’s efforts and initiatives, including but not limited to the portfolio reviews
across IFC, risk appetite setting of the Corporation, annual strategy Road Map,
and others.
Relationship Management and Knowledge Management:
-Create and maintain strong relationships with a number of constituencies
across IFC, including but not limited to new business managers, portfolio
managers, country managers, AMC staff, Treasury, Controllers, risk VPU
colleagues and others across IFC;
-Ensure that clients’ needs are met promptly and proactively.
Selection Criteria:
•Master’s degree in finance or business or equivalent professional
qualification and a minimum of 12 years professional, relevant experience;
•Recent in-depth experience as an investment officer in IFC investment
operations, preferably including investment experience in financial markets;
•Good working knowledge and understanding of Basel principles and
operational risk management in financial institutions;
•Reliable, trustworthy, diplomatic and tactful;
•Highest standards of ethics, integrity and transparency;
•Outgoing personality, able to “sell” value add of operational risk in an
unregulated financial institution, and excellent networking skills across the
Corporation and with colleagues in similar roles in DFIs and commercial banks;
•Ability to develop and manage relationships with a number of internal and
external constituencies, including management of complex relationships, ability
to develop successful relationships within IFC at all levels;
•Excellent management skills, teamwork and interpersonal skills and ability
to interact effectively across the matrix, proven track record in managing
teams in effective work groups in a service-oriented setting;
•Ability to manage and resolve conflict;
•Recognized by the institution as a team player and leader and good people
manager;
•Ability to deliver high quality work within deadlines and meet or exceed
team objectives;
•Ability to develop innovative solutions to build the business, ability to
think “out of the box” and design and deliver new client-oriented solutions;
•Strong written and verbal communications skills;
•Meet Bank Group-wide managerial selection criteria:
-Courage of your convictions
-Leading the team for impact
-Influencing across boundaries
-Fostering openness to new ideas
-Building talent for the future
Read more information about the job posting and application procedures: