Manager, Financial Sustainability & Reinsurance

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 Unit Description The MIGA Finance and Risk Department (MIGFR) acts as the custodian of MIGA's financial integrity with a focus on both income sustainability and balance sheet strength. MIGFR maintains the Agency's capital adequacy and risk frameworks, prices guarantees, manages reinsurance operations that allow significant leveraging of the Agency's small capital base, oversees credit risk, and provides the financial modeling and analytics that guide MIGA's strategic decisions. As MIGA enters a period of significant strategic expansion of its Guarantee platform, MIGFR is being realigned into two managerial teams to support the Agency's growth ambitions and the increasingly integrated nature of its work program. The Reinsurance Financial Sustainability team brings together Reinsurance, Corporate Finance Strategy, the economic capital framework, guarantee pricing, and provisioning and model maintenance under unified leadership — with the objective of ensuring that capital, pricing, and reinsurance decisions are made within a coherent framework for MIGA's financial sustainability. MIGFR is seeking a Manager for the Financial Sustainability Reinsurance team who will provide strategic leadership across these functions and drive integration with the broader Agency. The team will own MIGA's capital adequacy framework, together with the Agency's financial strategy and reinsurance program. Duties Responsibilities The Manager (Financial Sustainability Reinsurance) will provide strategic leadership and technical oversight across the team's mandate within MIGFR. Specifically, the Manager will be responsible for the following: Strategic leadership and team management: Provide leadership to the team, set strategic direction, build team capability, manage performance, and drive integration across the constituent functions. Foster cross-team learning and drive the evolution of the team's processes, structure, and ways of working in line with MIGA's growth and developments in technology.

Capital Adequacy Framework: Own the design, maintenance, and continuous improvement of MIGA's capital adequacy framework, encompassing the economic capital model, guarantee pricing, provisioning, and the related financial modeling infrastructure. Ensure the framework is applied consistently across both present-position and forward-looking analyses, and drive continuous improvement, strong internal controls, and innovation in modeling practice.

Corporate Finance Investment Strategy: Oversee MIGA's corporate finance work and investment strategy; drive integration between guarantee and investment portfolio strategies to enable a coherent approach to target risk/return and financial sustainability; lay the groundwork for evolving towards a Risk-Adjusted Return on Capital (RAROC) framework for portfolio optimization.

Reinsurance: Provide strategic oversight of MIGA's reinsurance program — central to the Agency's business model in enabling risk transfer, capital efficiency, and the scaling of the guarantee platform — ensuring reinsurance strategy is integrated with and supports MIGA's broader financial sustainability and capital objectives. Drive process refinements and inform the future direction and scaling of the reinsurance program from a financial and portfolio strategy lens. The Manager's oversight of the reinsurance function operates at the level of strategy, financial integration, and program direction, with direct responsibility for reinsurance counterparty relationships and project-level syndication activity sitting with the Head of Reinsurance, who maintains a dotted-line reporting relationship to the Director.