World Bank Announces Senior Treasury Vacancy in Credit Strategies

The World Bank Group has opened applications for a senior-level position titled Principal Portfolio Manager, Credit Strategies, based in Washington, DC. This internationally recruited role sits within the Treasury Vice Presidency, offering a unique opportunity to manage large-scale private credit investments while contributing to the financial sustainability of one of the world’s most influential development institutions.

This role is especially attractive for seasoned finance professionals with deep expertise in private credit, portfolio construction, and institutional investment management.

About the World Bank Treasury and Pension Investments

The World Bank Group is a global partnership of 189 member countries working to end extreme poverty and promote shared prosperity. Within its Treasury Vice Presidency, the Pension and Endowments Department oversees the financial management of the World Bank Group’s funded benefit plans, including retirement, medical, and insurance programs for staff.

The Pension Investments team manages approximately USD 45 billion across multiple asset classes, including fixed income, public and private equity, real assets, private credit, and absolute return strategies. Investment decisions are guided by robust governance structures and strong integration of Environmental, Social, and Governance (ESG) principles.

Role Overview: Principal Portfolio Manager, Credit Strategies

This position serves as Team Lead for the Credit Strategies portfolio, which focuses on externally managed private market strategies such as direct lending and asset-based lending. The successful candidate will lead portfolio construction, manager selection, investment due diligence, and risk oversight, while actively participating in Investment Committee decision-making.

The role combines strategic leadership, hands-on portfolio management, and people leadership within a global, multicultural environment.

Key Responsibilities

The Principal Portfolio Manager will be responsible for:

Portfolio Construction and Strategy

• Designing and enhancing private credit portfolio construction frameworks
• Managing risk and return drivers across market cycles
• Developing advanced quantitative and qualitative analyses, including cash flow modeling

Portfolio Management and Oversight

• Overseeing day-to-day management of private credit investments
• Monitoring performance, valuation, liquidity, and risk
• Managing commitment pacing and concentration risk
• Ensuring compliance with investment guidelines and best practices

Manager Selection and Due Diligence

• Identifying new private credit managers and investment opportunities
• Leading in-depth due diligence across underwriting, governance, documentation, and operations
• Negotiating terms with external investment managers

Investment Committee Engagement

• Preparing and presenting investment recommendations and scenario analyses
• Supporting high-quality decision-making through rigorous risk assessment
• Documenting Investment Committee deliberations and outcomes

People Leadership and Collaboration

• Leading and mentoring a team of investment professionals
• Promoting a culture of excellence, inclusion, and continuous learning
• Collaborating closely with legal, IT, and middle-office teams

Who Should Apply

This role is designed for senior professionals with:

• An advanced degree in finance, economics, business, or a related field
• 15+ years of experience in private credit or private markets portfolio management
• Strong expertise in senior secured lending and asset-based lending
• Deep understanding of private credit cycles, underwriting standards, and recovery dynamics
• Experience presenting to Investment Committees or similar governance bodies
• Proven people leadership and team management skills
• Exceptional analytical, communication, and stakeholder engagement abilities

Professional certifications such as CFA or CAIA are considered a strong advantage.

Why This Role Is Significant

This position places the selected candidate at the heart of one of the largest and most sophisticated institutional investment programs in the development finance world. Managing private credit portfolios at this scale requires not only technical excellence but also strategic vision, governance discipline, and leadership.

Beyond investment performance, the role contributes to the long-term financial security of World Bank staff while reinforcing the institution’s mission-driven approach to responsible investing.

Final Takeaway

The Principal Portfolio Manager, Credit Strategies role at the World Bank is a rare opportunity for senior investment professionals seeking global impact, institutional scale, and strategic leadership responsibility. It is a career-defining position for those who want to shape private credit portfolios within a mission-driven, globally respected organization.