Research Officer - Financial risk, Washington
Research Officer - Financial risk, Washington

Job description

Organization:IFC - International Finance Corporation
Category:Research & Development
Grade:
Duration: 2 Years with possibility of extension
Deadline: 5 January 2017

Background

IFC, a member of the World Bank Group, is the largest global development institution focused on the private
sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to
create opportunity where it's needed most. In FY16, our long-term investments in developing countries rose to
nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty
and boost shared prosperity. For more information, visit www.ifc.org

The IFC Global Markets & Research Unit, housed in IFC's Economics and Strategy VPU, is a unique research
team that is in charge of generating thorough analyses of countries and market's dynamics to identify strategic
implications for IFC business and IFC investment clients. It caters strategic and proprietary research to IFC Senior
Management, IFC's Economics and Strategy VP, IFC Investment Departments and existing or potential
Investment Clients of IFC. It combines in-house expertise in macroeconomics, portfolio, financial markets
analysis, policy and regulatory matters.

The team leverages IFC operational and industry knowledge and WBG sector expertise to provide a
comprehensive view of global and country-specific industry trends and investment opportunities. The team's
various research offerings support the corporation's thought leadership and fundamental research. More
specifically, the team provides (1) global and regional outlooks on macro and market trends as well as their drivers
to inform business and portfolio decisions, (2) country-risk ratings based on macro-economic, market and political
developments, (3) strategic asset allocation framework and recommendations, (4) in-house developed models
such as the Medium Term Vulnerability Model and FX Models, (5) tools that support investment decisions, such as
pricing tools, equity valuation tools, and M&A tools for sourcing and valuing IFC investments and (6) applied
fundamental research. IFC is looking for a Research Officer (financial risk) to join the IFC Global Markets &
Research Unit within the Economics and Strategy VPU.

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 2 year term appointment.

Duties and Responsibilities

Lead on the development and continuous update and improvement of the BICRA/CICRA ratings for the IFC's IRP
platform

Monitor the development of foreign currency sovereign risk ratings in order to develop an in-house view of those
indicators, key for the IRP platform that credit risk uses to evaluate project risk ratings

Lead the joint work with the Finance & Markets global practice at the World Bank to develop periodic regional
products that would monitor financial sector trends and main issues for the various regions

Lead on the development of indicators of short term vulnerability in order to complement other models already
produced by the team

Lead on the development of an analytical framework to gauge financial vulnerability in key emerging market and
developing countries, including analysis of banking systems as well as key macroeconomic and financial
vulnerability indicators. Engage with colleagues in FIG to achieve this goal

Provide support and analysis to the IFC Country Risk reviews, and eventually run the exercise

Responsible for monitoring and evaluation of main macroeconomic, sector, and market trends for Sub-Saharan
Africa, being on top of events in a sub-set of countries in the region.

Provide support to the team on other macroeconomic/industry/market related pieces and the global outlook on a
regular basis

The ideal candidate will have strong analytical skills and considerable experience in economic and country risk analysis; strong interest in applied research in economics and finance; and will be comfortable working independently and with large and diverse datasets.

Education

Advanced degree in economics with specialization in macroeconomics, international and development economics, country risk, financial economics, or related fields.

Work Experiance

Have 5+ years of professional experience in a research or analytical role focused on international economics,
country risk, and/or debt related issues

Ability to combine theoretical frameworks with applied research. Strong understanding of the economics of
development, the challenges developing countries face and the role of the private sector.

Broad knowledge and understanding of linkages between major sectors of the economy and private sector
dynamics, including understanding of the main framework of financial systems and banking

Experience on country level analysis covering macroeconomics, industry and market trends would be a strong
asset

Extensive experience and knowledge of Microsoft Excel, econometric packages (eViews, Stata), and presentation
packages (Tableau, Power Point)

Ability to thrive under pressure and function effectively while managing multiple tasks simultaneously.

High level of attention to detail and capacity to deliver high quality work.

Good fit within the team

Competency:

Language

Demonstrated written and verbal communications skills in English.


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