Senior Risk Officer

Job Description

Job Family
Risk

Sector
Risk

Term Duration
3 years 0 months

Recruitment Type
International Recruitment

Required Language(s)
English

Preferred Language(s)
English

Description
Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. Visit www.worldbank.org .
Background
The Chief Risk Officer (CRO) 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 and 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 VPU assists management with identifying and managing Group-wide cross-cutting risks, enhancing risk response decisions, reducing financial and operational surprises and losses, seizing opportunities and improving deployment of capital. The CRO Vice Presidency comprises three Departments:
1) Credit Risk (CROCR);
2) Market & Counterparty Risk (CROMC), and
3) Operational Risk (CROOR).
CROOR which operates under the Group CRO has key responsibilities that cover
(i) Enterprise Risk Management,
(ii) Operational Risk Management,
(iii) Corporate Insurance,
(iv) Business Continuity Management, and
(v) Operational Resilience.
Business Continuity Management (BCM):
The Business Continuity Management (BCM) Team is responsible for the World Bank’s business continuity program, both in HQ and overseas offices. The team provides expertise in business continuity and resilience, works to raise business continuity awareness and partners with our stakeholders to implement the BCM program and strengthen the overall resilience of the World Bank Group.
We are seeking a dynamic Senior Risk Office to take a leadership role within the team and coordinate the development, implementation, and continuous improvement of the WBG BCM Program. You will be leading a team of BCM professionals and engaging with a large range of internal clients, both in HQ and our overseas offices. The position will be responsible for the delivery of the BCM program as well as proactive thought leadership and innovation as we work to continually enhance the value we provide.
As part of this role, you will also provide technical support, strategic input and project leadership to other units within CROOR including Operational Risk, Corporate Insurance and Enterprise Risk Units.
Duties and Accountabilities

The Senior Risk Officer is responsible for the following tasks:

• Leads and oversees the annual business continuity work program for the Bank’s Vice-Presidential Units, Regions and Country Offices. The annual program includes criticality assessments, business impact analyses, plan updates, delivery of training and exercises.

• Supports the development of an operational resilience function

• Identify areas for ongoing improvement and enhancement. Leads ad-hoc projects and strategic initiatives.

• Coordinate recovery efforts in cases of emergencies and significant disruptions, assisting the WBG Emergency Management Team and business units in the recovery of their time critical processes.

• Coordinates the preparation of reporting information, including data collection, review and reporting.

• Provides regular updates to risk committees and senior management

• Interacts with other peers to share industry practices.

• Leads other projects or tasks as may be assigned by the BCM Manager or CROOR management team.
  
  

Selection Criteria
Required qualifications and experience

• Master’s Degree or equivalent professional training in an area relevant to the job.

• Minimum of 7 years of experience in either one or more of these areas: business continuity management, crisis management, security, risk management or resilience

• Demonstrated experience of interacting effectively with senior management and influencing without formal authority

• Track record of innovation, implementing positive changes and creating value in business continuity practices

• Strong problem solving and program management skills

• Excellent oral and written communication skills

• Professional certifications in BCM or risk management an advantage (eg DRI, BCI, ISO22301/22316, PRMIA etc)

Specific job competencies

• Planning, tactical and strategic thinking. Ability to integrate specific knowledge with broader operational strategies and policies and institutional objectives.
  Strong relationship building and communication. Ability to act as an interlocutor in handling and facilitating business relationships. Ability to coordinate effectively in a team environment, acting as a team builder/motivator.

• Project management. Effective in delivering measurable results in a resource-constrained environment, as well as a matrix-managed environment. Ability to manage multiple tasks for multiple clients while meeting deadlines. Experienced in leading teams to deliver results
  Flexibility and adaptability. Flexibility of reassessing and re-shifting priorities based on internal clients’ needs. Willingness to undertake new roles and develop expertise

• Excellent presentation, written and oral communication skills. Developing technical reports and presentations to high standards.

DEADLINE: 22 JULY 2022

About the Organization

The World Bank, a member of the World Bank Group, is a vital source of financial and technical assistance to developing countries around the world. Our mission is to fight poverty with passion and professionalism for lasting results and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors.

We are not a bank in the common sense; we are made up of two unique development institutions owned by 188 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

Each institution plays a different but collaborative role in advancing the vision of inclusive and sustainable globalization. The IBRD aims to reduce poverty in middle-income and creditworthy poorer countries, while IDA focuses on the world's poorest countries.

Their work is complemented by that of the International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA) and the International Centre for the Settlement of Investment Disputes (ICSID).

Together, we provide low-interest loans, interest-free credits and grants to developing countries for a wide array of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture and environmental and natural resource management.