Job: Senior Risk Officer (International Finance Corporation - Washington, D.C.)
Monday, March 7, 2016 at 7:02AM
The FCPA Blog in FCPA Job, International Finance Corporation, World Bank

Job Title: Senior Risk Officer

Location: Washington, D.C.

Company: International Finance Corporation (IFC)

 Background / General Description

International Finance Corporation (IFC), the private sector arm of the World Bank Group, is a global leader, investor and advisor committed to projects in its developing member countries that reduce extreme poverty and boost shared prosperity. IFC finances private sector investments, mobilizes capital in the international financial markets, helps clients improve social and environmental sustainability, and provides technical assistance and advice to the private sector in the developing world. 

The new Business Risk and Compliance Department of IFC (CBRCD), under the IFC Risk and Sustainability Vice-Presidency, is responsible for the oversight of certain non-financial business risks and providing advice to the IFC Board, its Management and client departments in relation thereto in the context of IFC’s operational, advisory and corporate functions. Specifically, the Department supports client departments by developing policies and procedures and providing advice to assist in the management of non-financial risks relating to (i) the delivery of IFC’s annual program of financing private sector projects and mobilization of third party capital in emerging markets; (ii) project portfolio management; (iii) advisory services operations; (iv) oversight of integrity risk, anti-money-laundering/combating the financing of terrorism (AML/CFT), sanctions and debarment; (v) IFC’s emerging market nominee directorship program; (vi) management of operational conflicts of interest; and (vii) corporate policy and operational matters. In furtherance of these responsibilities, CBRCD has developed and runs training programs for client departments and Management both in Washington DC and in field offices. 

CBRCD is a led by IFC’s Chief Compliance Officer, and encompasses the following functions:

 These functions operate against the background of IFC’s Articles of Agreement as an international organization and in particular IFC’s privileges and immunity from national regulation regimes.

Integrity Function:

The Integrity Risk function is responsible for oversight of integrity risk, AML/CFT, as well as sanctions and debarment, in both IFC’s investment and advisory services operations. The function works with operational teams in counseling them on identified integrity risk flag issues and making recommendations. It also assists other departments within IFC, and IFC Management on integrity risk related matters, while coordinating activities as IFC’s Liaison with the World Bank Group’s Institutional Integrity Vice Presidency (INT). 

To support these activities, CBRCD is recruiting a Senior Risk Officer, to be based in Washington, DC. Willingness to relocate to an IFC field office over time would be a plus.

Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3 year term appointment. 

 Duties and Accountabilities

The Senior Risk Officer will assist primarily in the execution of CBRCD’s Integrity Risk function, focusing on providing support in the following substantive areas:

 Selection Criteria

Please note that only short-listed candidates will be contacted. 

Please apply to this position via

Click here to view the original job listing from the International Finance Corporation 

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