Financial Analyst

Financial Analyst

Job #:

req24288

Organization:

World Bank

Sector:

Treasury

Grade:

GE

Term Duration:

3 years 0 months

Recruitment Type:

Local Recruitment

Location:

Washington, DC,United States

Required Language(s):

English

Preferred Language(s):

Proficiency in a second language is a plus

Closing Date:

9/29/2023 (MM/DD/YYYY) at 11:59pm UTC

Description

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity, and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work 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. For more information, visit www.worldbank.org

***The World Bank Group is committed to achievingdiversity in terms of race, gender, nationality, culture, and educationalbackground. Individuals withdisabilities are equally encouraged to apply. ***

The World Bank Group (World Bank) is one of the world's largest sources of funding and knowledge fordeveloping countries. The World Bank works in more than 100 developingeconomies to improve living standards and fight poverty. The World Bank usesfinancial resources and extensive experience to help our client countries toreduce poverty, increase economic growth and improve the quality of life. TheWorld Bank is owned by 189 member countries whose views and interests arerepresented by a Board of Governors and a Washington DC-based Board ofDirectors. More than 190 countries participate in at least one of the fiveWorld Bank Group ("WBG") institutions, each of which specialize in differentaspects of development: the International Bank for Reconstruction and Development(IBRD), the International Development Association (IDA) (IBRD and IDA togetheralso referred to as the "World Bank" or the "Bank"), the International FinanceCorporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), theInternational Centre for Settlement of Investment Disputes (ICSID).

Treasury is the Vice Presidency, reporting to theManaging Director and World Bank Group Chief Financial Officer, performingtreasury functions for the IBRD and IDA and, to varying degrees, for other membersof the World Bank Group and other public sector investors. Its activities areorganized and grouped into the following departments: Capital Markets &Investment Management, Client Asset Management and Advisory, and TreasuryOperations. Treasury has been a large andsignificant player in the international financial markets for over seventyyears and has achieved a global reputation as a prudent and innovativeborrower, investor, and risk manager. Treasury is responsible for: (i) managingapproximately $185 billion in assets for the World Bank and other officialsector investors; (ii) leading IBRD's and IDA's triple-A rated financingprograms in international and domestic bond and derivative markets; (iii)conducting asset and liability management for IBRD's and IDA's balance sheets;(iv) overseeing the development and outreach related to the financing andhedging products the Bank provides for its developing-country clients; and (v)collaborating with the World Bank member countries to help build their capacity.Staff in Treasury regularly interact and collaborate with other Departmentsacross the Bank and Finance Partners teams.

Treasury Operations is the Department (TREOP) which provides afull range of middle and back-office support for Treasury's asset management,capital markets and banking functions. The Department is organized in threeoperational units: Asset and Liability Operations (TREAL), Banking Operations(TREBK), and Quantitative Solutions and Analytics (TREQA), supported by a TRETechnology Coordination function (TREFT)).

Treasury Asset and LiabilityOperations (TREAL) is the unitresponsible for delivering on a range of middle and back-office functionssupporting the funding, investment, and asset and liability managementportfolios for internal World Bank Group (IBRD, IDA, MIGA, and Trust Funds)entities. In addition, the team supports the investment portfolios for agrowing roster of more than 60 client entities in domestic and internationalmarkets. The team provides integrated and end-to-end support for all tradeexecution and portfolio servicing activities including trade review, settlementand documentation, options monitoring, debt service and cash and collateralmanagement across the full range of products including bonds, swaps, repos,deposits, and exchange-traded derivatives.

In performing these functions, the teamworks closely with internal partners and market counterparts as well asexternal service providers such as technology vendors, custodians, and payingagents. In addition to these day-to-day responsibilities, the team leads theimplementation of new products, markets, and business-related technologysolutions. TREAL staff stay at the forefront of experimenting with anddeveloping new technologies and products like distributed ledger technology(DLT, or blockchain) and central bank digital currencies (CBDC) to createefficiencies in the work program, to advise member countries, and for overall capitalmarkets development. TREAL alsocollaborates with partners across Treasury to participate in capacity buildingfor clients in its areas of expertise. TREAL staff members are located in theBank's Washington DC headquarters, in the Shared Service Centers in Chennai,India and in Sofia, Bulgaria.

Duties and Accountabilities:

The Analyst's primary responsibilities will include, but arenot limited to, some combination of the following activities:

• Perform various facets of post-execution activities forfixed income (fixed and floating rate bonds, MBS, ABS), derivatives (futures,options, swaps), and cash products (repo, Money-market, FX);
• Work closely with traders and colleagues in Accounting,Banking, Credit, Development Finance, Legal, Technology, and Valuation unitsinternally, as well as with Counterparts, Custodians, Futures CommissionMerchants, and Calculation, Collateral and Fiscal Agents externally.
• Ensure the settlements of fixed income and derivatives portfoliosof over 6,500 transactions and resolving rate discrepancies and cash disputeswith 70+ counterparties and other Bank clients.
• Perform various daily and monthly Collateral Managementtasks and working as an integral part of the team in monitoring and managingthe institution's credit exposure to over 70+ active global counterparts.
• Assist in the development and implementation of, andcompliance with, changes to TREAL procedures, processes, and standards.
• Develop training and skill enhancement initiatives (e.g., through presentations,seminars, and workshops) to transfer global knowledge and experience for variousclient advisory projects.

Selection Criteria

1. Masters Degree in Finance,Economics, Accounting, or related business discipline with at least two yearsof experience. Professional certifications such as a CFA will be a plus.
2. Strong quantitative andqualitative analytical skills, including Excel skills.
3. Familiarity withbusiness-related IT development or IT technology projects, also with useracceptance testing and its related documentation. Previous exposure to FinTechrelated knowledge is a plus.
4. Proven capacity to multi-task,deliver results and respond quickly and effectively to requests. Ability tohandle multiple concurrent transactions on a tight timetable, consistent with ahigh level of client expectations
5. Knowledge of Python and Microsofttools and applications like Power Query, Power BI, Power Apps, will be a plus.
6. Original thinking / quicklearning abilities with strong initiative and drive, as well as attention todetails.
7. Good team player with strong communication(written and oral) skills, and commitment to work in a respectful,team-oriented, and multi-cultural environment.
8. Excellent interpersonal andpeople management skills, with the ability to interact tactfully with clientsand/or business associates across all levels, while exercising sound judgementin handling confidential information.

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.