Market Risk Portfolio Analyst
The Corporate Finance & Risk Management (CFR) vice presidency is responsible for
- providing leadership in setting risk management policy and oversight in order to ensure the Bank’s continuing financial integrity
- the ongoing development of sound and effective financial policies and strategy, including those related to management of IBRD capital and income.
- the strategic planning and resource management function for the World Bank.
The Vice Presidency was created in June 2009 when three finance departments - Corporate Finance (CFRCF), Credit Risk (CFRCR), and Corporate Planning and Analysis (CFRPA) were re-established as a single Vice-Presidency in order to strengthen oversight of risk management and the supervision of finance activities.
- The Credit Risk department (CFRCR) is responsible for monitoring and managing credit risk of the member countries borrowing from IBRD.
- The Corporate Planning and Analysis Department (CFRPA) is responsible for aligning Bank resources with strategy and for supporting corporate performance management through expenditure analysis, monitoring, and reporting.
- The Corporate Finance Department (CFRCF) has had two principle areas of responsibility: (i) design of IBRD’s financial policies and strategy, along with capital and income management and (ii) market and commercial risk oversight. However, in line with recent measures to strengthen risk management, it has been decided to form the market and commercial risk oversight of the Corporate Finance Department function into a new Risk Directorate (CFRMC).
The Market & Counterparty Risk Directorate will be primarily focused on oversight of risk in two areas:
I. Market Risk, which includes risks to IBRD resulting from changes in market interest and exchange rates, funding and asset spreads, and the availability/cost of or access to ready liquidity and long-term funding, and
II. Commercial (i.e. not sovereign lending) Credit Risk, which includes risks to IBRD resulting from changes in creditworthiness of IBRD’s commercial counterparties.
Responsibilities for both areas focus on three sub-functions:
1. Risk Control Guidelines: Establishing and maintaining robust risk control guidelines (including setting limits) governing IBRD’s investment management, borrowings and derivatives, consistent with the institution’s financial policies and risk tolerances;
2. Risk Monitoring and Compliance: Identifying and measuring IBRD’s market and counterparty risks; Assessing risk associated with new strategies, initiatives and transactions; Ensuring compliance with financial policies and risk control guidelines; Managing the process of resolving exceptions where required
3. Reporting: Providing executive management and the Board with regular risk oversight reports. Providing the enterprise’s thought leadership on risk issues and relevant industry, regulatory and legal developments.
Market Risk Portfolio Analyst
- providing leadership in setting risk management policy and oversight in order to ensure the Bank’s continuing financial integrity
- the ongoing development of sound and effective financial policies and strategy, including those related to management of IBRD capital and income.
- the strategic planning and resource management function for the World Bank.
The Vice Presidency was created in June 2009 when three finance departments - Corporate Finance (CFRCF), Credit Risk (CFRCR), and Corporate Planning and Analysis (CFRPA) were re-established as a single Vice-Presidency in order to strengthen oversight of risk management and the supervision of finance activities.
- The Credit Risk department (CFRCR) is responsible for monitoring and managing credit risk of the member countries borrowing from IBRD.
- The Corporate Planning and Analysis Department (CFRPA) is responsible for aligning Bank resources with strategy and for supporting corporate performance management through expenditure analysis, monitoring, and reporting.
- The Corporate Finance Department (CFRCF) has had two principle areas of responsibility: (i) design of IBRD’s financial policies and strategy, along with capital and income management and (ii) market and commercial risk oversight. However, in line with recent measures to strengthen risk management, it has been decided to form the market and commercial risk oversight of the Corporate Finance Department function into a new Risk Directorate (CFRMC).
The Market & Counterparty Risk Directorate will be primarily focused on oversight of risk in two areas:
I. Market Risk, which includes risks to IBRD resulting from changes in market interest and exchange rates, funding and asset spreads, and the availability/cost of or access to ready liquidity and long-term funding, and
II. Commercial (i.e. not sovereign lending) Credit Risk, which includes risks to IBRD resulting from changes in creditworthiness of IBRD’s commercial counterparties.
Responsibilities for both areas focus on three sub-functions:
1. Risk Control Guidelines: Establishing and maintaining robust risk control guidelines (including setting limits) governing IBRD’s investment management, borrowings and derivatives, consistent with the institution’s financial policies and risk tolerances;
2. Risk Monitoring and Compliance: Identifying and measuring IBRD’s market and counterparty risks; Assessing risk associated with new strategies, initiatives and transactions; Ensuring compliance with financial policies and risk control guidelines; Managing the process of resolving exceptions where required
3. Reporting: Providing executive management and the Board with regular risk oversight reports. Providing the enterprise’s thought leadership on risk issues and relevant industry, regulatory and legal developments.
Market Risk Portfolio Analyst
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