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Sr. Economist/Regional Credit Manager

The department is currently seeking a Senior Economist/Regional Credit Manager who will play a central role in assessing the creditworthiness of IBRD borrowing countries, and in determining the risk of their actual and potential exposure for the IBRD balance sheet, including those related to IBRD guarantees. The Senior Economist will also play a key role in the area of loan loss provisioning and credit and portfolio risk modeling and measurement. The successful candidate is expected to have a good understanding of sovereign credit risk concepts and practices, be familiar with the drivers of the risk appetite of IBRD stakeholders and investors, and have an understanding of the balance between the financial and development imperatives of the World Bank’s mandate.

The individual will have a strong command of global economic, systemic, and financial issues, and external financing sources and instruments available to developing countries, excellent quantitative skills with a demonstrated aptitude for analyzing economic and financial data, and extensive on-the-job experience of assessing the macro-economic and financial policies of emerging market economies The Senior Economist/Regional Credit Manager will join CFRCR at the World Bank’s headquarters in Washington, DC, USA and will report directly to Merli Baroudi, IBRD’s Chief Credit Officer and Department Director of CFRCR.

Together with members of the current credit risk team, the accountabilities of the Senior Economist/Regional Credit Manager will be as set out below.

• Play an important role as part of the current team in ensuring the department’s credit risk framework and policies for managing small and large exposures are applied coherently and comprehensively within the financial framework of IBRD, including the institution’s role as a counter-cyclical lender, its uniform loan pricing policy, its provisioning and capital adequacy framework and its AAA rating status.

• Together with other team members contribute to the Department's work program in the area of loan loss provisioning and credit and portfolio risk modeling and measurement, including the design and development of new credit risk measurement and management frameworks and models, and the use, maintenance and periodic recalibration of existing models.

• Conduct other quantitative analytics and complex modeling projects.

• Produce rigorous analytical work on the macro-economic and financial situation of IBRD-eligible borrowers and countries transitioning from concessional to market-based finance and present the findings in credit risk reports and creditworthiness analyses.

• Write reviews of lending proposals and Country Partnership Strategies, and represent and present this written work, as the department’s representative, at departmental and Bank wide meetings.

• Work on credit risk issues for policy and Board papers and briefing notes for senior management.

• Liaise and engage with senior Bank staff to enhance their understanding and support of IBRD’s credit risk function and related policies.
Sr. Economist/Regional Credit Manager