Financial Analyst

Financial Analyst

Job #:

req23679

Organization:

World Bank

Sector:

Financial Management

Grade:

GE

Term Duration:

3 years 0 months

Recruitment Type:

Local Recruitment

Location:

Washington, DC,United States

Required Language(s):

English

Preferred Language(s):

Closing Date:

8/7/2023 (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

Description for Financial Analyst in FIFDA, DFTPR - Washington, D.C.

The Development Finance Vice-Presidency (DFi) is responsible for the management and monitoring of policies, procedures, and resources for the World Bank's development financing vehicles. DFi sets the policy framework for the World Bank Group's development finance by engaging in strategic resource mobilization, playing an intermediation role to help align the needs of recipients, WBG institutional priorities, and priorities of funding partners, through a variety of funding instruments. These include the International Development Association (IDA), the World Bank's fund for the poorest, the International Bank for Reconstruction and Development (IBRD), and Trust Funds, including Financial Intermediary Funds (FIFs).

Within DFi, Development Finance Trust Funds and Partner Relations (DFTPR) Department is at the forefront of the Bank's engagement in Trust Funds, FIFs and Partnerships. The Department is responsible for managing and administering the Bank's US$45 billion (June 2023) portfolio of Trust Funds and FIFs, designing and establishing new, multi-donor partnership initiatives underpinned by Trust Funds and FIFs, and setting the policy and procedural framework for Trust Funds, FIFs and Partnerships in a manner they complement IDA and IBRD.

Located within the DFTPR Department, the Financial Intermediary Funds, Digital Solutions and Analytics (FIFDA) is responsible for providing policy advice, management of donor relations, portfolio monitoring, financial, investment and risk management for 27 Financial Intermediary Funds (FIFs). FIFDA's mandate includes leading the digital solutions to support the FIFs and TFs, production of TF Annual Report, delivery of value-added analytics for the WBG External Funds portfolio, Co-financing, Aid Architecture through cutting-edge technology and digital solutions.

FIFDA seeks a Financial Analyst (Level GE) in Washington, D.C., who will be responsible, inter alia, for supporting the fiduciary responsibilities and financial trustee functions for FIFs, as well as implementing other FIFDA responsibilities from Washington, D.C. The function will report to the Cluster Lead of the Analytics, Financial and Risk Management (FMA) in FIFDA in DC.

Duties and Responsibilities:

The Financial Analyst will work in the FMA Cluster as part of a team of professionals of the Financial Intermediary Funds, Digital Solutions and Analytics (FIFDA).

• As a member of Financial Intermediary Fund teams, support the FIF Team Leads in fulfilling the WB's Trustee responsibilities, in day-to-day operations of designated FIFs, and other activities with Program Secretariats, development partners, and WB business units on the trustee operations of the FIF.

• Support the FIF teams on liaising with development partners, Program Secretariats, and other FIF entities in delivering Trustee Services and fiduciary responsibilities for FIFs.

• Support FIFDA teams on the financial management functions related to FIFs, including but not limited to, managing legal covenants with development partners, for contributions, as well as, with Implementing/Supervising entities for use of FIF resources.

• Undertake financial analysis, prepare reports, and support DFTPR's presentations to management, external governing bodies/development partners, clients, etc.

• Collaborate with other FIF teams in delivering the agreed work program related to financial management activities of FIFs, both in DC and Chennai.

• Support the coordination with the external audit process for designated FIFs; gather and provide documentation to auditors.

• Contribute inputs to the Department's control framework and IT systems development for recording business events in the institutional systems.

• Support the digital solutions group in cross functional project teams on enhancements/additions to the existing digital tools.

• Other tasks as instructed by Cluster Lead of Analytics, Financial and Risk Management.

Selection Criteria

• Master's degree(s) in Finance or Business, with at least two years of experience with strong ability to implement complex work program for DFTPR's trustee operations for Trust Funds and Financial Intermediary Funds.

• Good understanding of operational and financial structure of trust funds, financial intermediary funds, and co-financing. Demonstrated in-depth knowledge of Bank's operational policies, processes, and procedures, preferably with prior experience in issues related to finance.

• Solid experience of SAP or equivalent financial systems used by the World Bank Group; and experience with oversight and executing of financial and reporting systems. Proven skills and knowledge of the latest digital tools and platform.

• Good understanding of Bank's controls environment and risk management is required.

• Demonstrated high level of initiative, self-confidence and a self-starter.

• Diplomacy and strong interpersonal skills; commitment to work with development partners, and in a team-oriented, multi-cultural environment; detail oriented.

• Proven capacity to multi-task, deliver results and respond quickly and effectively to requests. Ability and desire to meet tight deadlines

• Committed to work in a team-oriented and multi-cultural environment. Ability to deal sensitively in multi-cultural environments and work effectively as a team member.

• Excellent verbal and written communication and presentation skills.

• Highest ethical standards.

Key Competencies:

The preferred candidate must demonstrate the following competencies:

• Communication: communicate to effectively share and exchange information. Able to listen actively, obtain necessary input, share ideas, speak persuasively, and convey information in a clear, objective, and concise manner.

• Collaboration within teams and across boundaries: collaborate and work with others across and outside of the World Bank Group in order to achieve the best results for clients; maintain a WBG corporate mindset above an individual or team perspective.

• Leadership and innovation: take initiative, and be persistent in their drive for results; seek opportunities to improve and find innovative solutions to problems; inspire and encourage others to have a positive attitude and impact; be able to adapt to changing circumstances, and be bold to increase the Bank's Group's effectiveness.

• Smart decision-making: balance the need for making empirically-based sound decisions with a sense of urgency by making quick, timely, and relevant decisions; be good problem solvers.

• Client understanding and advice: strive to add value to clients in the business; understand the critical forces that shape clients' needs.

• Drive for Results: Take personal ownership and accountability to meet deadlines and achieve agreed-upon results, and has the personal organization skills to do so. Ability and desire to meet tight deadlines.

• Excellent skills in MS Excel including Pivot Tables, Vlookups, macros and other data and financial related excel functions.

Other Competencies:

• Results for clients: address the needs and challenges of clients; hold themselves accountable and take personal ownership for identifying and managing risks and delivering evidence-based results.

• Knowledge creation, application, and sharing: share their expertise; create and contribute to the WBG's body of knowledge; and efficiently reflect and draw on lessons from colleagues; expand their professional networks in their areas of expertise.

• Broad business thinking: solicit information on WBG/VPU direction, goals and industry competitive environment to determine how own area can add value to the organization and to clients. Makes decisions and recommendations clearly linked to the organization's strategy and financial goals.

• Project management: plans, organizes, monitors and controls work program and tasks using appropriate tools, methodologies and processes.

• Analytical thinking: able to break down raw information and undefined problems into specific, workable components that in-turn clearly identify the issues at hand. Make logical conclusions, anticipate obstacles and consider different approaches that are relevant to the decision-making process.

• Policies and procedure: understand and apply relevant FIF policies and procedures in executing trustee responsibilities.

• Risks and controls: assess risks and maintain an effective and efficient internal control environment. Able to identify and assess risks, including identification of mitigating controls.

• Information technology and systems: Utilize information technology to support business operations.

• Experience with SAP system solutions for analytics and reporting for Trust Funds, FIFs and Co-financing is required.

This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.

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.