Senior Economist-Sovereign Risk Unit

Senior Economist – Sovereign Risk Unit

The World Bank Group is one of the largest sources of funding and knowledge for developing countries. It partners with public and private sector partners and uses data, research, and technology to develop solutions to global challenges.

The Chief Risk Officer Vice Presidency of the World Bank is the core unit responsible for institutional risk oversight, including establishment and monitoring adherence to risk policies and guidelines, risk assessment and reporting to the Board and executive management. Its mission is to enable and support the institution to achieve its goals in a financially sustainable manner. The CRO Vice Presidency comprises four Departments : Credit Risk, Market & Counterparty Risk, Operational Risk, and Environmental and Social Risk.

The Credit Risk Department ensures that the Bank’s credit risk exposure is commensurate with stakeholder risk appetite. It manages the credit risk inherent in IBRD’s loan portfolio and performs functions such as assessing and rating sovereign credit risk, assessing country eligibility, influencing lending strategy, anticipating crisis‑vulnerable countries, participating in arrears workouts, engaging with the Paris Club, ensuring adequate provisioning for loan losses and monitoring credit shocks.

Responsibilities

• Have primary sovereign risk ratings responsibility for a portfolio of IDA and IBRD borrowing countries, including periodic presentation of country risk notes and ongoing country monitoring.
• Have primary responsibility for assessing and rating country and economic risks to the private sector and financial sectors of these countries.

Lead the dialogue with World Bank country operational teams on macroeconomic and debt risks and exposure management, including :

Selection Criteria

World Bank Group Culture Attributes

World Bank Group Core Competencies

Core competencies are required for all World Bank Group staff.

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave. Reasonable accommodations are provided for individuals with disabilities.

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

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