Principal Portfolio Manager, Credit Strategies
World Bank Group, Washington, District of Columbia, us, 20022
Overview
Principal Portfolio Manager, Credit Strategies
— Job # req35522
Organization:
World Bank
Sector:
Treasury
Grade:
GH
Term Duration:
3 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC, United States
Required Language(s):
English
Closing Date:
2/15/2026 (MM/DD/YYYY) at 11:59pm UTC
Description The Pension and Endowments Department (PEN), which is part of the Treasury Vice Presidency, is responsible for the financial management and administration of the World Bank Group\'s funded benefit plans, including the retirement scheme - the Staff Retirement Plan, the retiree medical and life insurance programs - the Retired Staff Benefits Plan, and other ancillary benefits (the Plans). The Pension Investments (PENIN) team is responsible for the investment management of the pension plan assets. The key responsibilities include developing the investment strategy, outlined in the policy framework and strategic asset allocation and approved by the PFC, and executing the investment strategy through external fund management, ensuring the integration of Environmental, Social, and Governance (ESG) factors. PENIN manages approximately US$45 billion across various asset classes such as fixed income, public equities, private equity, real assets, private credit, and absolute return strategies. This Principal Portfolio Manager position is intended as Team Lead for PENIN’s Credit Strategies team. The Team Lead will work closely with the PENIN Manager and liaise with other PENIN Team Leads and other units such as information systems (ITS), legal, and the pensions middle office (PENMO). The role leads the Credit Strategies team in portfolio construction, due diligence, manager identification, and investment oversight, including presenting to the Investment Committee and monitoring risk, liquidity, and performance of private credit funds. Selection Criteria and Competencies follow below.
Responsibilities
Lead the portfolio construction process and enhancements to the portfolio: formulate ideas to manage risk and return, enhance analysis, and understand resources and systems applicable to Credit Strategies investing.
Portfolio management and strategy implementation: oversee day-to-day operations of the private credit portfolio, manage relationships with external private credit managers, monitor performance and risk, ensure compliance with policies, and maintain forward-looking risk assessment.
Market monitoring, due diligence, and new manager identification: stay informed of market developments, update investment guidelines as needed, conduct due diligence on external managers, and understand legal and regulatory risks.
Leadership and Investment Committee engagement: prepare and present investment recommendations, document deliberations and actions, and lead implementation of approved changes to processes.
People management and collaboration: promote high performance and inclusion, manage staff performance and development, mentor junior team members, and contribute to department projects.
Selection Criteria
Advanced degree in a relevant field (finance, business, economics, IT, MIS, or computer science).
Professional certification such as CFA and/or CAIA is a plus.
15 years of relevant experience in private markets portfolio management and external manager selection for private credit strategies, including risk management and pacing.
Experience with senior secured and asset-based lending, covenant/documentation analysis.
Understanding of macroeconomics and capital market issues related to private credit cycles, interest rates, underwriting standards, and recovery behavior.
Ability to engage with multiple stakeholders to determine strategic positioning of a private credit portfolio.
Experience with investment team processes, middle-office and legal coordination, and systems supporting private markets investing.
Strong quantitative, qualitative, and credit analysis skills, including stress testing and covenant assessment.
Proven track record contributing to investment committees and making high-quality decisions under uncertainty.
Leadership experience managing junior professionals and building inclusive teams.
Competencies
Leading and Innovation: contribute insights and innovate to resolve complex issues while aligning with World Bank values.
Deliver Results for Stakeholders: seek impactful results, understand stakeholder needs, and manage risks.
Collaborate Within Teams and Across Boundaries: involve others in decisions and integrate perspectives.
Create, Apply and Share Knowledge: leverage and share knowledge to strengthen solutions and networks.
Make Smart Decisions: gather diverse information, assess risks, and decide promptly within responsibility.
World Bank Group Culture and Core Competencies WBG culture attributes include sense of urgency, thoughtful risk-taking, and empowerment with accountability. The World Bank Group offers comprehensive benefits and upholds equal opportunity and inclusive employment.
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— Job # req35522
Organization:
World Bank
Sector:
Treasury
Grade:
GH
Term Duration:
3 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC, United States
Required Language(s):
English
Closing Date:
2/15/2026 (MM/DD/YYYY) at 11:59pm UTC
Description The Pension and Endowments Department (PEN), which is part of the Treasury Vice Presidency, is responsible for the financial management and administration of the World Bank Group\'s funded benefit plans, including the retirement scheme - the Staff Retirement Plan, the retiree medical and life insurance programs - the Retired Staff Benefits Plan, and other ancillary benefits (the Plans). The Pension Investments (PENIN) team is responsible for the investment management of the pension plan assets. The key responsibilities include developing the investment strategy, outlined in the policy framework and strategic asset allocation and approved by the PFC, and executing the investment strategy through external fund management, ensuring the integration of Environmental, Social, and Governance (ESG) factors. PENIN manages approximately US$45 billion across various asset classes such as fixed income, public equities, private equity, real assets, private credit, and absolute return strategies. This Principal Portfolio Manager position is intended as Team Lead for PENIN’s Credit Strategies team. The Team Lead will work closely with the PENIN Manager and liaise with other PENIN Team Leads and other units such as information systems (ITS), legal, and the pensions middle office (PENMO). The role leads the Credit Strategies team in portfolio construction, due diligence, manager identification, and investment oversight, including presenting to the Investment Committee and monitoring risk, liquidity, and performance of private credit funds. Selection Criteria and Competencies follow below.
Responsibilities
Lead the portfolio construction process and enhancements to the portfolio: formulate ideas to manage risk and return, enhance analysis, and understand resources and systems applicable to Credit Strategies investing.
Portfolio management and strategy implementation: oversee day-to-day operations of the private credit portfolio, manage relationships with external private credit managers, monitor performance and risk, ensure compliance with policies, and maintain forward-looking risk assessment.
Market monitoring, due diligence, and new manager identification: stay informed of market developments, update investment guidelines as needed, conduct due diligence on external managers, and understand legal and regulatory risks.
Leadership and Investment Committee engagement: prepare and present investment recommendations, document deliberations and actions, and lead implementation of approved changes to processes.
People management and collaboration: promote high performance and inclusion, manage staff performance and development, mentor junior team members, and contribute to department projects.
Selection Criteria
Advanced degree in a relevant field (finance, business, economics, IT, MIS, or computer science).
Professional certification such as CFA and/or CAIA is a plus.
15 years of relevant experience in private markets portfolio management and external manager selection for private credit strategies, including risk management and pacing.
Experience with senior secured and asset-based lending, covenant/documentation analysis.
Understanding of macroeconomics and capital market issues related to private credit cycles, interest rates, underwriting standards, and recovery behavior.
Ability to engage with multiple stakeholders to determine strategic positioning of a private credit portfolio.
Experience with investment team processes, middle-office and legal coordination, and systems supporting private markets investing.
Strong quantitative, qualitative, and credit analysis skills, including stress testing and covenant assessment.
Proven track record contributing to investment committees and making high-quality decisions under uncertainty.
Leadership experience managing junior professionals and building inclusive teams.
Competencies
Leading and Innovation: contribute insights and innovate to resolve complex issues while aligning with World Bank values.
Deliver Results for Stakeholders: seek impactful results, understand stakeholder needs, and manage risks.
Collaborate Within Teams and Across Boundaries: involve others in decisions and integrate perspectives.
Create, Apply and Share Knowledge: leverage and share knowledge to strengthen solutions and networks.
Make Smart Decisions: gather diverse information, assess risks, and decide promptly within responsibility.
World Bank Group Culture and Core Competencies WBG culture attributes include sense of urgency, thoughtful risk-taking, and empowerment with accountability. The World Bank Group offers comprehensive benefits and upholds equal opportunity and inclusive employment.
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