IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.
What We Do
The Business Risk and Compliance Department (CBR), under the IFC Legal and Compliance Risk Vice-Presidency, is responsible for setting business standards and providing advice and guidance to the IFC Board, Management, and business teams in relation to certain non-financial business risks that may arise in IFC investments, advisory work, and in IFC’s corporate functions. These non-financial risks include institutional risks related to IFC’s management of corporate confidentiality obligations, protection of personal data, associated regulatory risk, and more recently cyber, AI and other emerging business technology risks facing IFC. These risks fall under the purview of the Data Access and Confidentiality Office (DACO) and Data Privacy Office (DPO) within CBR.
Other non-financial risks covered by CBR include business risks such as addressing corruption, fraud and know-your customer (KYC) issues, anti-money-laundering (AML/CFT), economic sanctions, tax good governance, and nominee director compliance.
Context to Role:
The successful candidate will contribute primarily to the work of DACO and the DPO worldwide. Specifically, s/he will advise on the management and mitigation of risks related to data protection, cybersecurity, AI and other business technology risks arising in IFC’s operations. DACO works closely with IFC’s IT Department (CIT), Legal Department (CLED) and Risk Management Department (CRM), WBG staff working in the areas related to privacy and incident response, and CBR’s Conflicts of Interest Office and Regulatory Risk Office.
Skills and Responsibilities:
The successful candidate will be expected to possess a strong professional background and track record in understanding international finance transactions as well as the legal risks associated with sensitive data and new technologies.
The position is based in IFC Headquarters in Washington, D.C and will report in to the Head of DACO and the Chief Data Privacy Officer.
Selection Criteria
with a well-recognized international law firm, financial institution or corporate.
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.