Manager, Risk Framework & Data

The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group with a mission to promote foreign direct investment into developing countries to help end extreme poverty and boost shared prosperity on a livable planet. MIGA houses the World Bank Group (WBG) guarantee platform which brings together products and experts from the World Bank, International Finance Corporation (IFC), and MIGA for simplicity, efficiency, and speed. MIGA serves as a one-stop shop for all WBG guarantee business, providing the best guarantee solutions for clients to meet project needs and development priorities. The platform provides three types of coverages: credit guarantees for loans to the public or private sector; trade finance guarantees for trade finance projects involving public entities; and political risk insurance against non-commercial risks for private sector projects or public-private partnerships. For more information, visit www.miga.org Unit Description The MIGA Finance and Risk Department (MIGFR) acts as the custodian of MIGA's financial integrity with a focus on both income sustainability and balance sheet strength. MIGFR maintains the Agency's capital adequacy and risk frameworks, prices guarantees, manages reinsurance operations that allow significant leveraging of the Agency's small capital base, oversees credit risk, manages MIGA's data capabilities, and provides the financial modeling and analytics that guide MIGA's strategic decisions. As MIGA enters a period of significant strategic expansion of its Guarantee platform, MIGFR is being realigned into two managerial teams to support the Agency's growth ambitions and the increasingly integrated nature of its work program. The Risk Framework Data team consolidates MIGA's overall risk framework and risk appetite, portfolio risk management, credit risk (covering SOE and reinsurance counterparty ratings), and data and analytics support to MIGA. MIGFR is seeking a Manager for the Risk Framework Data team who will provide strategic leadership across these functions and embed the risk perspective deeply into MIGA's product, portfolio, and innovation agendas. Duties Responsibilities The Manager (Risk Framework Data) will provide strategic leadership and technical oversight across the team's mandate within MIGFR. Specifically, the Manager will be responsible for the following: Strategic leadership and team management: Provide leadership to the team, set strategic direction, build team capability, manage performance, and drive integration across the constituent functions. Foster cross-team learning and develop the function's evolution from a credit-focused team into the broader owner of MIGA's risk framework and data agenda. Drive the evolution of the team's processes, structure, and ways of working in line with MIGA's growth and developments in technology. Risk framework and risk appetite: Own MIGA's overall risk framework spanning the full product spectrum. Oversee the risk appetite statement and its translation into operational limits and policies. Deepen the understanding of project-level risks across all guarantee types to more appropriately inform risk appetite, framework design, and exposure limits. Ensure the framework remains consistent with MIGA's capital adequacy framework and broader financial sustainability objectives. Risk support for product innovation: Build on the function's growing role in product innovation by providing the risk perspective and analytical grounding that new product development requires. Partner with operational teams on new product design from a risk standpoint, ensuring that innovation is supported by appropriate risk methodologies and framework updates. Portfolio risk management and credit risk: Oversee portfolio risk management, including monitoring portfolio performance, identifying early warning signals, and producing risk recommendations for senior management. Provide strategic oversight of the credit risk function, covering SOE credit assessments for Non-Honoring of Financial Obligations by State-Owned Enterprises (NHFO SOE) transactions, reinsurance counterparty credit ratings, and the risk-limit management framework (including setting and monitoring exposure limits). Data and analytics: Oversee MIGFR's data capabilities to support risk analytics and reporting, and contribute to Agency-wide data and analytics priorities. Drive continuous improvement in MIGFR's analytical tooling and ensure the function makes effective use of new technologies.