WBG Manager, Model Risk and Analytics

Job #:
req38118

Organization:
World Bank

Sector:
Risk

Grade:
GH

Term Duration:
4 years 0 months

Recruitment Type:
International Recruitment

Location:
Washington, DC,United States

Required Language(s):
English

Preferred Language(s):

Closing Date:
8/28/2026 (MM/DD/YYYY) at 11:59pm UTC

Description

VPU Context:

The WBG Chief Risk Officer Vice Presidency (CROVP) is the core unit responsible for Group-wide 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 WBG 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 WBG CRO Vice Presidency includes the IBRD/IDA, IFC, and MIGA risk teams and covers a wide range of financial and non-financial risks.

WBG CRO is looking to recruit a WBG Manager to lead the WBG Model Risk and Analytics function in CROVP, based in Washington, DC.

Duties and Accountabilities:
• Lead the WBG model risk and analytics function for financial and non-financial models, including capital, portfolio, and risk models, with reporting to the WBG Director, Risk Architecture.
• Provide thought leadership, practical recommendations and implementations to strengthen model risk management & governance, including directives, policies, procedures, supporting platforms, and control standards.
• Provide regular, decision-oriented reporting to the WBG CRO on key model risks, validation findings, remediation progress, and model governance matters.
• Build and support a strong model risk culture by promoting independent challenge to models, sound judgment, transparency, accountability, and collaboration across WBG institutions.
• Set strategic priorities for the model risk function, aligning validation plans, governance activities, and control enhancements with WBG's institutional risk priorities.
• Build and manage relationships with senior management & stakeholders, model owners, and team staff; proactively identify new or proposed model activities with potential model risk implications.
• Partner with model owners and stakeholders to maintain a complete and accurate WBG model inventory and assign model risk ratings.
• Build and maintain WBG CRO's benchmark models for high-risk WBG models to support benchmarking, independent challenge, and continuous model governance.
• Lead and supervise independent model validation activities for all in-scope models, ensuring independent challenge, clear communication of findings and remediation plans, timely resolution of findings, and escalation of material concerns.
• Strengthen model risk controls of WBG by identifying gaps in governance, validation practices, documentation, implementation, monitoring, and ongoing performance review; stay current on advances in quantitative modelling, AI/ML, validation techniques, and emerging model risk practices to enhance models, tools, controls, and governance.
• Maintain industry and peer-network engagement to benchmark best practices; lead and contribute to the "Multilateral Development Banks' Model Risk Management Forum" to advance model risk governance, peer learning, and shared solutions for WBG models.
• Provide direction, coaching, and feedback to build a high-performing, diverse team of model risk professionals; promote continuous learning to maintain current skills, knowledge, and technical expertise.

People/Talent Management:
• Model exemplary WBG leadership values and managerial behavior.
• Drive and encourage technical excellence within the team by creating an environment of learning and innovation that attracts and develops the best talent reflective of the diversity of our clients.
• Coordinate and support the management in developing and implementing appropriate staffing strategies, staff learning and development as well as career progression and talent and performance management.

Selection Criteria
• Advanced degree, such as a PhD or Master's degree, in Mathematics, Physics, Finance or Economics.
• At least 12 years of combined relevant experience at a major financial institution, including model validation and/or development of portfolio, capital or derivatives valuation models.
• Deep technical expertise in model risk management, validation or development, including financial or non-financial models such as capital, portfolio, credit risk, market risk, insurance risk, loan pricing, balance sheet projection or derivatives valuation models.
• Proven ability to exercise independent challenge, sound judgment, transparency, and accountability in assessing model risks, validation findings, remediation progress, and governance issues.
• Demonstrated ability to lead a model risk or validation function, set strategic priorities, strengthen governance frameworks, and provide practical recommendations on directives, policies, procedures, controls, and supporting platforms.
• Strong leadership and people-management skills, with the ability to provide direction, coaching, and feedback; build a high-performing and diverse team; and promote continuous learning and technical excellence.
• Excellent stakeholder-management, influencing, and communication skills, with the ability to build trusted relationships, work across institutional boundaries, and provide clear, decision-oriented reporting to senior management.
• Demonstrated ability to foster openness to new ideas, promote innovation and continuous improvement, stay current on advances in quantitative modelling, AI/ML, and validation practices, and engage with industry and peer networks to benchmark best practices.

Note: This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.

WBG Managerial Competencies

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.