Lead Risk Management Officer, (Team Leader, Country Risk Group)

(About MIGA) The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, was established to encourage the flow of private investment into developing countries, through the provision of political risk insurance (PRI). The PRI MIGA offers can cover the risks of currency inconvertibility, expropriation, breach of contract of a government entity, damage due to war or civil disturbance, and non-honoring of sovereign financial obligations. MIGA will extend such insurance only to developmentally sound cross-border investments into member countries.

(About MIGEP) The Economics and Policy Group of MIGA is responsible for ensuring sound economic and environmental / social analysis is brought to bear to ensure MIGA activities contribute to the development of its member countries, with this done in a sustainable manner (for the country as well as financially for MIGA). Country risk and project economic assessments are core functions, along with assessment of the expected development impact of proposed guarantee projects, and ensuring the project to be supported is fully consistent with sound economics and with World Bank policy advice to the country. More broadly, the Group contributes to the development of MIGA’s strategy and policies. High quality analysis is necessary in order to permit well-informed decisions.

Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 4 year term appointment.

As Team Leader, Country Risk Group

1) Lead a team of seven to eight Risk Management Officers (“RMOs”) and Senior RMOs, supervise all facets of their work, and ensure the quality and timeliness of the work of the Country Risk Group.

2) Provide strategic guidance, coordinate, and provide intellectual leadership to RMOs in analyzing country risk, project risk, project economics, development impact, consistency with sound economics and policy, and support to the objectives of the World Bank Group and IMF.

3) Clear RMOs’ inputs to WBG documents such as CASs, CPSs, ISNs, etc.

4) Guide and oversee RMOs’ project self-evaluations and interactions with IEG.

5) Oversee the administrative aspects of the Country Risk Group including human resources management and budget management.

6) Oversee MIGA’s Research and Knowledge Agenda, in particular MIGA’s annual

Flagship Research Publication “World Investment and Political Risk.”

As Lead Risk Management Officer, Country Risk Group

1) Assess the risk of countries in one to two regions of the world for each of the five political risk covers provided by MIGA on a regular basis.

2) Working collaboratively with the deal underwriter and other members of the project team, assess the risks and economics of specific projects given project and industry specific factors, focusing on the political risks being insured by MIGA.

3) Assess, and if positive make the case for, the expected development impact of these projects.

4) Ensure that projects are fully consistent with sound economics and policy, and are supportive of the programs and objectives of the World Bank Group and the IMF in these countries.

Lead Risk Management Officer, (Team Leader, Country Risk Group)