Senior Underwriter

Paris

Organization: World Bank Group
Location: Paris
Grade: 2359
Occupational Groups:
Closing Date:

The Multilateral Investment Guarantee Agency (MIGA or Agency) 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 shared prosperity on a livable planet. We do that through the provision of political risk insurance and public sector credit guarantees to investors and lenders against losses caused by noncommercial risks. For more information, visit www.miga.org .

In July 2024, the World Bank Group launched the WBG Guarantee Platform (WB GP), a major upgrade to its guarantees business, that will deliver improved guarantee access through a unified team at MIGA as well as innovative new guarantee solutions. These new reforms will help position MIGA to achieve the goal of tripling annual guarantee issuance to $20 billion by 2030.

To meet this goal and maximize its development mandate, MIGA must stay focused on supporting the needs of WBG’s developing member countries, while complementing the activities of other public and private insurers. To further develop the Agency’s business and foster innovation in the WB Guarantee Platform across the World Bank Group Institutions in these core areas and to meet the evolving needs of investors in developing and emerging markets, MIGA’s FIG (Financial Institutions Group) Operations Department (MIGOP) seeks a skilled and well-versed finance professional with experience in working with financial institutions to join the WBG GP team as a Senior Underwriter to manage FIG’s client relationships in Europe who invest in emerging markets and develop business opportunities in coordination with the team’s product development specialists and MIGA’s regional staff.

The successful candidate would bring their experience working in the financial markets towards managing MIGA’s European banking clients and developing new partnerships with a view to surfacing new applications of guarantees across the spectrum of financial products. The position will therefore require an excellent technical understanding of structured credit and a broad understanding of each client bank’s operational, capital management and business strategies. In support of the WB GP’s ambitious growth plans, and with MIGA’s teams around the world, the individual will assume shared responsibility for building business growth across regions. Since banks represent most of MIGA’s guarantee holders, coordination with relevant product and regional teams will be essential.

Duties and accountabilities:

• Lead MIGA/ WB GP’s European banking relationships with a particular focus on managing the agency’s Key Relationship Banks in the region with interests in emerging markets;

• Be the principal point of contact for institutional dialogue with MIGA/ WB GP, ensuring a two-way communication for organizational, business and policy updates; establishing line of communication between senior management of each institution;

• Act as engagement coordinator across all relevant products: trade finance, NH, capital markets, structured finance, capital management, while recognizing that there are many points of contact that banks have within MIGA and the WB Guarantee Platform;

• Liaise and coordinate origination work with MIGA/ WB GP FIG HQ colleagues, and Regional Heads and colleagues;

• Expand the scope of MIGA/ WB GP’s coverage of the banking sector in Europe beyond the global banks to include regional banks as well as non-banking financial institutions;

• Build and maintain relationships with other key stakeholders including regulators, government entities, investors and capital market firms;

• Provide product expertise, advice and training, and help others learn and deliver;

• Co-lead work and initiatives on relevant policies, frameworks, processes and methodologies, and inform corporate decision-making within areas of responsibility;

• Represent the WB Guarantee Platform in relevant internal and external working groups and conferences at senior level.

We do our best to provide you the most accurate info, but closing dates may be wrong on our site. Please check on the recruiting organization's page for the exact info. Candidates are responsible for complying with deadlines and are encouraged to submit applications well ahead.

Before applying, please make sure that you have read the requirements for the position and that you qualify.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.

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