Build a career with impact. Working at the World Bank Group (WBG) provides a unique opportunity to help countries solve their greatest development challenges. As one of the largest sources of funding and knowledge for developing countries, the WBG is a unique partnership of five global institutions dedicated to ending poverty, increasing shared prosperity, and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, the WBG works with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges.
The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group with a mission to promote foreign direct investment into developing countries to help end extreme poverty and boost shared prosperity on a livable planet. MIGA houses the World Bank Group (WBG) guarantee platform which brings together products and experts from the World Bank, International Finance Corporation (IFC), and MIGA for simplicity, efficiency, and speed. MIGA serves as a one-stop shop for all WBG guarantee business, providing the best guarantee solutions for clients to meet project needs and development priorities. The platform provides three types of coverages: credit guarantees for loans to the public or private sector; trade finance guarantees for trade finance projects involving public entities; and political risk insurance against non-commercial risks for private sector projects or public-private partnerships. For more information, visit www.miga.org .
In February 2024, the World Bank Group announced a major upgrade to its guarantees business that will deliver improved guarantee access through a unified team at MIGA as well as innovative new guarantee solutions. These new reforms will help position MIGA to achieve the goal of tripling annual guarantee issuance to 20 billion by 2030.
MIGA's Operations Department (MIGOP) leads MIGA's guarantee business development and origination activities, structures transactions, and leads projects through the underwriting and approval process, and manages our guarantees portfolio.ย Within MIGOP, the Global Transaction Team (GTT) is a dedicated team of Operations Analysts, Underwriters, and Senior Underwriters with a focus on underwriting MIGA's guarantee transactions.ย ย
MIGOP is seeking a highly experienced, motivated, and proactive Operations Analyst with strong project finance, public sector finance, and/or political risk insurance underwriting skills, as well as client and new business origination skills, preferably gained in the energy and general infrastructure sectors.
While reporting to the Manager for GTT, the Operations Analyst will work closely with Transaction Team Leads (Underwriters and Senior Underwriters) on underwriting guarantee transactions.ย Depending on experience, the activities may also include supporting business origination and transaction structuring activities.ย Through this role, the Operations Analyst will develop a broad knowledge of MIGA's guarantee activities by working on transactions across the Platform's full product line (including, PRI including Capital Optimization, Non-Honoring for both the real and financial sectors, and trade finance guarantees) and across regions and sectors (energy and extractives industries, infrastructure, financial institutions, capital markets, manufacturing, agriculture, services, etc.).
Note that this is initially a Washington, DC-based position, however given the regionalization agenda, there is a strong possibility of this position being selected for decentralization. If shortlisted, this will be discussed with you at interview.
DUTIES AND RESPONSIBILITIESย
ย Work on multi-disciplinary transaction teams within MIGA (legal, environment and social, climate finance, reinsurance, gender, integrity, risk, development impact, etc.) throughout the transaction lifecycle including underwriting, approvals and guarantee negotiationย ย
ย Conduct independent research and analysis on various topics including the transaction investor and sector and support analysis on the technical and commercial viability of the investment project
ย Prepare and use complex financial models to, amongst others, analyze the financial viability of the investment project or support credit analysis for credit enhancement transactions
ย Engage with MIGA's clients, conduct in-country and virtual due diligence meetings with host country government officials, and collaborate with partners (e.g. World Bank, IFC, and other development finance partners)
ย Prepare guarantee pricing estimates for clientsย
ย Contribute to preparation of high-quality guarantee proposal documents and participate in presentations to MIGA's Senior Management
ย In close coordination with MIGA Senior/Sector Underwriters, Sector Managers, and Regional Heads, support MIGA's new business origination and client management efforts and, as required, conduct industry and client researchย
ย As required, prepare talking points and presentations for new business origination-focused activities with project sponsors, government officials, state-owned enterprises, financial institutions, specialist industry groups, and forums
ย As required, collaborate with the portfolio team to provide analytical support in respect of portfolio management activitiesย
ย As required, conduct integrity searches on potential clients, project participants and stakeholders.