Senior Risk Specialist

Responsibilities

• Lead the end-to-end design, implementation, and continuous improvement of the Fund for Responding to Loss and Damage (FRLD) Risk Management Framework.
• Draft and finalize risk-related policies, including Risk Appetite Statements, risk taxonomy, and incident response protocols.
• Support the Board and its committees by coordinating risk reviews and preparing materials on risk thresholds and escalation decisions.
• Identify and assess strategic, operational, financial, fiduciary, procurement, ESG, and climate-related risks.
• Design and oversee risk mitigation and action plans, including avoidance, reduction, and transfer strategies.
• Embed risk reviews and approval gates into the project cycle in collaboration with the Programming and Country Engagement team.
• Develop risk metrics, dashboards, and periodic reports for senior management and the Board.
• Engage with the World Bank, governments, and accredited entities to maintain situational awareness of the evolving risk landscape.

Requirements

• Master's degree in risk management, finance, public policy, international development, law, or a closely related field.
• Minimum of 8 years of professional experience in risk management.
• Proven track record in developing or implementing risk management frameworks for multilateral organizations or development finance institutions.
• Deep knowledge of risk management methodologies, standards, and best practices.
• Excellent analytical, writing, and communication skills in English, with the ability to translate complex technical content for non-specialist audiences.
• Strong interpersonal and facilitation skills to build consensus across diverse institutional actors.

Preferred Qualifications

• Experience with climate finance, loss and damage policy, or UNFCCC processes.
• Familiarity with Financial Intermediary Fund (FIF) governance and operational modalities.

Benefits

• Comprehensive retirement plan.
• Medical, life, and disability insurance.
• Paid leave, including parental leave.
• Reasonable accommodations for individuals with disabilities.

About the Company

The World Bank Group is a global institution dedicated to ending extreme poverty and promoting shared prosperity. The Fund for Responding to Loss and Damage (FRLD) was established to assist developing countries particularly vulnerable to the economic and non-economic impacts of climate change.