Finance and Risk Analyst, GPE Job in Chennai at World Bank Group

World Bank is hiring for the role of Finance and Risk Analyst, GPE!

Responsibilities of the Candidate:

• Support the development and/or revision of the risk management framework including the risk policy, the risk taxonomy, the risk appetite statement, and related key performance, control and risk indicators.
• Development and implementation of risk management processes and tools enabling the identification, assessment, mitigation, and reporting of risk, including and not limited to risk models, risk quantifications and online risk dashboard. 
• Monitor, analyze, and prepare reports on implementation of risk mitigation actions and plans. 
• Support the preparation of data analysis, reports and presentations for the Board and relevant Committees as required. 
• Conduct compliance reviews as directed to examine implementation of mitigation actions, and key business processes, and controls that are critical to effective risk management.
• Support development of key corporate deliverables in relation to corporate and operational risk management as required.
• Any other duties as required. 
• Liaise with GPE Business Units on due diligence matters and provide advice and timeline for due diligence review in accordance with the Due Diligence Framework.
• Manage GPE due diligence research and evaluation of information on entities considered for engagement, resulting in the formulation and delivery of relevant and focused recommendations around existing opportunities, related integrity issues and effective risk management measures.
• Manage the Know Your Client (KYC) process, communicating directly with prospect when required and in close collaboration with Relationship Managers and Risk and Compliance Team. Coordinate the collection of the required KYC and other documents from prospect. 
• Perform due diligence reviews following the decision-making framework for determining whether the GPE may enter an arrangement with a non-sovereign donor. The due diligence review involves performing desk reviews of documents, reports, procedures, governance mechanisms, financial statements, etc., performing risk and compliance checks, performing reputational risk assessments, conducting interviews, investigations, reviewing, and/or auditing to verify facts and information using third-party websites and other search services. 

Requirements:

• Bachelor’s degree in finance, accounting, economics, risk management or relevant field of study. A Master’s degree in any of these fields and/or Professional risk management (eg. PRM, IRM,) or accounting qualification (e.g., CPA, ACA, ACCA, CIMA, CIPFA) would be preferred. Knowledge of risk models and risk quantification is an advantage. 
• 2 years of experience or equivalent combination of education and experience.