Credit Risk Analyst - MIGFR

Credit Risk Analyst - MIGFR

Description

At the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group (WBG), you’ll join a diverse, global community working across cultures, disciplines, and borders to address the world’s most pressing development challenges. With 1.2 billion young people reaching working age in the decade ahead, the challenge of job creation has never been greater. With 1.2 billion young people reaching working age in the decade ahead, the challenge of job creation has never been greater. Through partnerships across 145 countries and more than 182 offices worldwide, we work with governments, private sector, development partners and other stakeholders to invest in people, strengthen markets, and deliver scalable, data-driven solutions that generate more and better jobs and improve lives. MIGA’s guarantees help mitigate risks. In fiscal year 2026, the WBG Guarantee Platform delivered a total of $17.8 billion in guarantees. For more information, visit https://www.miga.org/

On the credit side, the Team assesses the creditworthiness of state-owned enterprises (SOEs) in developing markets where MIGA is considering the provision of credit enhancement under its Non-Honoring of Financial Obligations by State-Owned Enterprises (NHFO SOE) guarantee product, and evaluates the financial strength and credit standing of reinsurance counterparties that MIGA engages to support portfolio risk management and private capital mobilization.In addition, the Team manages MIGA’s risk limit management framework, including setting and monitoring exposure limits across the guarantee portfolio. The Team also serves as the institutional owner of MIGA's broader risk framework, ensuring that policies, methodologies, and risk appetite standards remain current and fit for purpose.In addition, the Credit Team provides dedicated risk support for new products and innovation initiatives, partnering with business development and operational teams to assess and structure emerging guarantee products and solutions.

The Credit Team is seeking a Credit Risk Analyst to support the assessment, rating, and monitoring the credit risk of state-owned enterprises (SOEs) in developing markets where MIGA considers providing credit enhancement under NHFO SOE products.The selected candidate will also support the evaluation of reinsurance counterparties and, where relevant, contribute to broader analytical work related to portfolio monitoring as well as maintenance and enhancement of MIGA’s risk limit framework.

Duties & responsibilities

• In the above context, the selected candidate will support MIGA’s credit function, with a principal focus on SOE credit analysis in connection with NHFO SOE transactions, portfolio monitoring and support to the assessment of reinsurance counterparties.
• With respect to SOE credit activities, the selected candidate will participate in underwriting teams for new NHFO SOE transactions, assist in credit due diligence, contribute to the identification of appropriate credit risk mitigants or structural enhancements, support the preparation and presentation of SOE credit analyses to relevant MIGA decision-making committees, contribute to documents prepared for MIGA’s Board of Directors, and support the monitoring of the credit quality of MIGA’s NHFO SOE portfolio.
• With respect to reinsurance credit activities, the selected candidate will support annual and ad hoc credit risk analyses of reinsurance counterparties, prepare written credit assessment reports and rating recommendations, and participate in MIGA’s quarterly Reinsurer Counterparty Credit Risk Committee to present credit assessments and recommendations.
• In addition, the selected candidate will be expected to contribute to broader analytical work related to portfolio monitoring, maintenance of MIGA’s risk limit management framework, and support to colleagues for other risk initiatives, as needed

Selection Criteria

• Must have a master’s degree (e.g., MBA, Finance) with at least 2 years of relevant experience in credit risk analysis or financial analysis, including exposure to corporates, financial institutions, state-owned enterprises, and/or reinsurance counterparties, or an equivalent combination of education and experience.
• Must demonstrate solid technical grounding in credit risk or financial analysis, including familiarity with financial statement analysis, credit assessment frameworks, and/or rating agency methodologies. Experience with bespoke corporate, SOE, or counterparty credit work is preferred; exposure to emerging markets is an advantage.
• Exposure to broader portfolio risk monitoring, risk limit framework management, and risk framework governance would be an advantage.
• High level of AI literacy applied to risk management would be preferable.
• Must be a collaborative team player with the confidence and judgment to perform effectively under scrutiny and pressure.
• Outstanding analytical and problem-solving abilities.
• Excellent partnering and interpersonal skills, with the ability to build effective relationships across the organization, including with underwriting, risk, and other relevant internal stakeholders.
• Ability to work effectively in a multicultural and highly diverse environment.
• Excellent written and oral communication and presentation skills in English. Spanish or French work proficiency is a plus.
• Strong personal integrity and sound professional judgment.
• Motivated and enthusiastic about the opportunities and challenges of working in a development institution.
• Ability to prioritize assignments, deliver quality work under guidance, and provide timely support to internal clients, often under tight deadlines.
• Excellent organizational skills.
• Ability to identify relevant information sources, apply sound judgment, and develop actionable recommendations.

As the World Bank Group continues to evolve, we value candidates who:

• Demonstrate the ability to collaborate effectively across teams, disciplines, cultures, and institutional boundaries.
• Responsibly leverage digital and AI-enabled tools to enhance productivity, learning, and decision-making.
• Bring experience working in fragile, conflict-affected, and violent (FCV) contexts and are encouraged to highlight relevant experience in their application materials, where applicable.

WBG Culture Attributes:

1. Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
2. Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
3. Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.

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.