Senior Risk Management Officer

Do 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 shared 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.

The Economics and Sustainability Group (MIGES), oversees MIGA’s country and project risk assessment, analysis of development impact of individual projects and MIGA’s portfolio, evaluates and monitors project compliance with environmental, social, and integrity policies, and leads the development of MIGA’s research agenda. The selected candidate for the  MIGA’s Economics team (MIGEC) will be accountable for assessing country and project risk, assessing development impact of proposed guarantee projects and coordinating MIGA’s representation in and contribution to the WBG’s country engagement strategies. 

Duties and Accountabilities:

1. Project Risk and Development Impact Analysis:

a. Undertake due diligence to identify and assess project-specific political risks and propose relevant mitigants, and provide relevant written sections to the early screening, underwriting and board papers. Defend contributions in decision-making committees and meetings with senior management. 
b. Assume sector responsibility for a specific industry sector or sectors (such as energy and extractives), and provide guidance/oversight and peer review to team members for projects in the sector across regions.
c. Lead and/or oversee economic analysis of projects to assess the development impact of the projects in host countries supported by MIGA and present the development impact analysis in the early screening, underwriting and board papers and investment decision making committees. Ensure that projects are fully consistent with MIGA’s ex-ante development impact assessment framework and sound economics and policy and are aligned with the programs and objectives of the World Bank Group (WBG) and the IMF in these countries.

2. Country Risk Analysis with a focus on a group of countries typically within the same region: 

a. Track and supervise developments affecting political and macroeconomic risks covered by MIGA’s political risk insurance guarantees and credit enhancement products. 
b. Conduct country risk analysis and defend proposals for country risk rating changes.
c. As a voting member of MIGA’s country rating committee, participate in rating discussions, opine and vote on rating change proposals on MIGA’s global portfolio.

3. Country Engagement Strategy / One WBG Coordination:

Engage in the WBG’s country engagement process with client countries, including the Country Partnership Framework (CPF) process as well as the Country Climate Development Report (CCDR) and Country Private Sector Diagnostic (CPSD) process, which contribute to defining the WBG’s engagement strategy for a given country, and provide commentary and contributions on behalf of MIGA and the WBG Guarantee Platform to these diagnostic and operational documents for countries in selected region(s). Contribute to MIGA’s objectives by engaging with relevant government ministries/agencies, investment promotion agencies, SOEs etc. as needed, including during implementation. Represent MIGA in and provide substantive contributions to WBG-wide working groups and similar fora, on a range of subjects. 

4 Other: 

Ad-hoc assignments, including leading elements of the work program on the continuous development of the Economic Unit’s internal processes, policies, procedures and frameworks including in the context of the World Bank’s Evolution Roadmap. Lead the preparation of briefing material, country risk assessments and presentations for senior management staff for external/internal engagements as required and for internal processes. Evaluate country and project risks in other regions on ad-hoc basis and at times at short notice. Participate and lead self-evaluations of projects as needed.  Mentor junior staff on the above work as needed.