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Description
Do you want to build a career that is truly worthwhile? The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group, and our mission is to promote foreign direct investment into developing countries to help end extreme poverty and boost share prosperity. We do that through the provision of political risk insurance and credit enhancement to investors and lenders against losses caused by noncommercial risks. For more information, visit www.miga.org.
MIGA’s Operations Department (MIGOP) is seeking two Operations Officers who will be responsible for guarantee projects Portfolio Management (PM) activities. They will work closely with various operations departments including regional teams and business sectors, coordinate on a routine basis with other relevant departments within MIGA, and have supervisory, coaching and mentorship responsibility over PM Analysts. The positions are based in Washington DC, USA and will report to the Global Head, Portfolio Management.
Duties and Accountabilities
Pre-Claims and PER Support
Coordinate with MIGA’s legal department (MIGLC) to represent MIGOP with respect to any pre-claims or claims issues; support MIGLC engagements on pre-claims from an operations perspective;Identify and document evaluation findings and rate the guarantee projects on overall development outcomes, MIGA's effectiveness and the project's contribution to MIGA's financial results as part of the project evaluation report (PER) team;Collaborate with colleagues to research, analyze and prepare evaluation reports;Maintaining Client Relationships
Manage client relationships and ensure a high level of client satisfaction; negotiate changes in the contracts of guarantee with investors to ensure contracts are developed and documented in accordance with MIGA’s policies and procedures while also satisfying the needs of clients;Connect with MIGA clients (in coordination with the Portfolio Head, Sector Managers and Client Service Leaders) to maintain optimal MIGA coverage for existing projects, as well as to identify new business opportunities via existing clients using various business development tools;Participate in selection of new business transactions with existing clients in MIGA portfolio;Maintain close contact with private sector investors, lenders and other institutions working on the development and implementation of MIGA projects in developing countries;Portfolio Analytics and Reporting
Participate in strengthening MIGA’s operational risk management and internal control processes, especially in areas related to underwriting and contract management;Assist Portfolio Head in various analytical reports and papers for MIGA’s Management and the Board of Directors, including project modification papers to the Board of Directors for its concurrence, project review memos; and provide input to quarterly management reports and annual Guarantee Portfolio paper;Analyze operational business results and portfolio trends, developmental impact, reasons for contract cancellation and lessons learned, and make subsequent recommendations to ensure a more balanced portfolio;Knowledge Management and Supervision
Build capacity and mentor Operations Analysts to improve their knowledge and skills for efficient work delivery; contribute to knowledge management through relevant lessons learned from the portfolio and maintain feedback loops from portfolio to new businessSelection Criteria
Master’s degree in finance, Economics, International Business or related field and a minimum of 5 years’ experience in active credit decision-making in the financial services industry or equivalent combination of education and experienceExperience in portfolio/ asset management or project financing with a focus on investments in emerging marketsSound knowledge of sourcing/structuring project finance transactionsStrong project management skills, ability to be flexible, to prioritize work among multiple competing demands, propose reliable solutions, and implement projects effectively and efficientlyDemonstrated leadership abilities to establish and nurture client relationshipStrong sense of service and protection of MIGA’s assetsExcellent interpersonal skills: openness to feedback, new ideas and ability to guide staff to find solutions for problemsAbility to work in a matrix organizational structure, delivering high quality work, and meeting business objectivesRecognized as a team player and strategic thinker with ability to develop innovative solutions to address portfolio risksAbility to collaborate closely with other parts of the World Bank Group and other MFIs and financing institutions and banksExcellent written and verbal communication skills in English. French, Spanish, or Russian is a plus
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.
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