Risk Officer – Integrity
Job #: req23486
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment
Location: Washington, DC,United States
Required Language(s): English
Preferred Language(s): Closing Date: 7/19/2023 (MM/DD/YYYY) at 11:59pm UTC
IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org
IFC’s Business Risk and Compliance Department (CBR) supports IFC’s business teams by helping to mitigate certain risks that may occur in IFC financings and advisory projects. One of these is “integrity risk” – corruption, fraud, economic sanctions, litigation, criminal activity/history, politically exposed persons, opaque ownership structures – any of which can affect the integrity of an IFC project, or adversely impact IFC’s reputation as the preeminent international organization operating in the private sector. IFC business teams conduct integrity due diligence (IDD) to identify integrity risks and CBR supports that effort by providing practical advice on managing and mitigating those risks and lessening their impact when they arise, all in the context of IFC’s strategic shift to riskier and often conflict-affected environments and markets.
- An Integrity Risk Officer with strong and demonstrated hands-on experience in researching, advising, mitigating and managing integrity risks
- Responsible for countries designated from time to time and with a particular focus on Fragile and Conflict-Affected (FCS) markets
- A strategic partner to business teams (investment and advisory)
- A visible, vocal and influential champion for the proper management of integrity issues
- Reporting to the Head, Integrity Risk, who leads the Integrity Unit in CBR.
- Advising transaction teams with an independent voice on all core aspects of integrity risks as they impact clients, partners and transactions in IFC’s investment and advisory programs across IFC’s operations.
- Evaluating integrity and reputational risks, making recommendations, providing solutions to IFC investment and advisory services staff, and advising IFC Management and the Board of Directors.
- Demonstrating expertise related to assigned countries/sectors, and collaborating closely with other transactional risk oversight units at IFC.
- Leading corporate initiatives and working groups, particularly focused on FCS, to identify possible integrity risk concerns and solutions and to enhance CBR’s delivery of services.
- Developing and executing training plans for client departments and IFC Management to educate and raise awareness on integrity risk issues.
- Liaising with other World Bank Group entities, multilateral development banks, due diligence firms and other external stakeholders and presenting on integrity matters and conferences and meetings.
- Leading on special projects and/or other initiatives in support of CBR’s work plan.
- Liaising with Integrity Counsel in the delivery of integrity-related legal advice.
- Masters’ in Finance, Accounting, Business or Law or equivalent.
- At least 8 years’ experience advising on integrity risk, fraud, corruption, sanctions and debarment matters and AML/CFT, in private sector investment operations, with a particular focus on emerging or frontier markets.
- Experience working within or for one or more international organizations or multilateral development banks, and working on integrity-related matters in the field.
- Experience practicing law in a private law firm or inhouse legal department setting.
- Private sector financial markets and /or forensic experience, including with one or more major consulting firms, is a plus.
- Experience working in FCS markets, is a plus.
- Highly developed technical skills on integrity risk matters, and proven ability to advise on and work with complex and evolving fact patterns.
- Demonstrated project management experience, including navigating institutional and corporate procurement and/or donor funding processes.
- Demonstrable experience in developing and giving effective and engaging training presentations to staff and Management at all levels and a genuine commitment to sharing knowledge and expertise.
And Tackling All of the Above With
- Highly developed technical skills with solid judgment
- Proven leadership skills
- Ability to work independently and demonstrate sound judgment on what to escalate
- Clear, concise, and cogent writing skills and ability to provide concrete recommendations
- Ability to build effective client relationships
- Genuine commitment to sharing knowledge and expertise
- Diplomacy and ability to work with individuals from diverse cultures and backgrounds
- Highly personal integrity, strong values, and ethics.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations 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.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.