Investment Analyst

Investment Analyst

Job #:

req20567

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):

Closing Date:

1/6/2023 (MM/DD/YYYY) at 11:59pm UTC

Description

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 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; invest in groundbreaking projects; and use data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org

The World Bank has twin goals of ending extreme poverty and promoting shared prosperity. Its capacity to fulfill these goals is underpinned by a Treasury Vice Presidency (Treasury) that is widely recognized for its dynamic professionalism and its record of innovation in obtaining outperformance for its clients in all the Treasury's functions.

Treasury is the Vice Presidency performing treasury functions for the IBRD and IDA and, to varying degrees, for other members of the World Bank. Its activities are organized and grouped into six departments: Capital Markets, Investment Management, Pension and Endowments, Quantitative Solutions and Analytics, Treasury Operations and, Financial Advisory and Banking. Treasury has been a large and significant player in the international financial markets for more than fifty years and has achieved a global reputation as a prudent and innovative borrower, investor, and risk manager.

The Pension and Endowments Department, Investment Team (PENIN) 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 financial management includes asset management responsibilities and actuarial support. PENIN manages about US$40 billion invested across a range of asset classes, from fixed income to public equities to private equity, real assets and absolute

return strategies. The Pension Finance Committee, appointed by the Bank Group President and

chaired by the Chief Financial Officer, has oversight responsibility for the financial management

of the plans. PENIN's responsibilities also include the delivery of technical assistance on

multi-asset class investment management to pension plans, endowments, and funds for the future, and

the management of the Pension Administration function. PENIN identifies, selects, evaluates, and

monitors investments, mainly through outside managers, on a global basis.

The responsibilities of PENIN's Investment Administration team include:

• Managing, coordinating, and monitoring Investment and Legal investment pipelines.
• Logistical support for due diligence and documentation for new investments including investment memos, performance analysis, portfolio analysis, peer comparison, vintage year using benchmarking and comparative statistics.
• Managing the Asset Class service accounts, disseminating, distributing, and filing key investments information.
• Coordinating the execution and archival of all legal documentation.
• Coordinating ongoing communication with asset managers including meetings, due diligence sessions, annual General Meetings, site visits, conference calls and/or Zoom sessions and other outreach on new products and funds.
• Managing, monitoring, and maintaining the procedures for processing the subscription documents,
  tax and other legal documents.
• Supporting the asset class teams, including managing the team calendars, travel schedules and logistics.

*Roles & Responsibility:

The Investment Admin Associate/Analyst will report to the PENIN Manager and will have multiple responsibilities, including:

• Serving as point person to support PENIN's initiatives and new projects aimed at improving and enhancing work processes and procedures.
• Overseeing and providing guidance, leadership and mentoring for junior admin staff within the investment team; working and collaborating with the other Executive, Senior Financial Assistants and Financial Assistants.
• Coordinating PENIN Admin work program across the department, private/public asset classes teams as well as between PENIN and Legal Finance (LEGFI) and Pension Middle Office (PENMO), including but not limited to the following:

• Providing specialized assistance to the asset class teams, managing the team calendar, travel schedule and logistics, prepare statements of mission objective and ensure it is within PENIN's operational guidelines.
• Overseeing the weekly Investment Committee Meeting's schedule and agenda, ensure proper documentation is saved to OneDrive, U drive and WBdocs. Serve as back-up minute-taker.
• Managing, coordinating and monitoring Investment and Legal investment pipelines.
• Managing Admin team inputs/back up support for due diligence and documentation for new investments including investment memos, performance analysis, portfolio analysis, peer comparison, vintage year using benchmarking and comparative statistics. Prepare partnership profile templates and maintain and update master supervision files.
• Managing the Asset Class service accounts, disseminate and coordinate key information to PENMO and Legal Finance (LEGFI), and proper filing in network drives.
• Managing preparation of the annual financial disclosure letter to the Office of Ethics and Business Conduct (EBC).
• Managing PEN client invoices on travel reimbursements assuring accuracy, client confidentiality, collection, and track and maintain the receivables schedules to be sent to RM and coordinate with Accounts Receivable to reconcile with accounting records and for proper crediting to appropriate internal order codes (IOs).
• Responding to managers' inquiries and assist in resolving manager-related issues; disseminate requests to relevant units and coordinate obtaining timely and accurate responses.
• Coordinating systematic communications to managers including meetings, due diligence sessions, Annual General Meetings, site visits, conference calls and/or Zoom sessions and other outreach on new products and funds.
• Coordinating the execution of all legal documentation with LEGFI and PENIN. Also supervise in the timely and accurate processing of all legal and tax documents, coordinating with LEGFI and PENMO as needed.
• Handling complex Anti Money Laundering/KYC and Tax forms, documents with minimal supervision.
• Managing, monitoring, and maintaining the procedures for processing the subscription documents,
  tax and other legal documents.
• Processing POs, invoices, STC contracts and liaising with BPS and GCS to resolve issues and assist in finding solutions.
• Assisting in external and internal audits.

Selection Criteria

• Degree in relevant field (preferably finance) and a minimum of 10 years relevant work experience or equivalent combination of education and relevant experience.
• Fundamental knowledge and understanding of finance and investment analysis and terminology.
• Experience with supporting Pension/multi-asset class (public and private markets) investment teams, understanding investment process and technology/systems.
• Familiarity with PENIN's multi-asset class portfolio composition, managers, and peer LPs.
• Experience and solid working relationship with WBG LEGFI counsels and legal document review process for fund investments and portfolio monitoring.
• Familiarity with IBRD's Anti Money Laundering/KYC and Tax Status.
• Proven capacity to coordinate complex investment and legal pipelines and admin work programs of several junior team members.
• Good knowledge of and demonstrated experience in specialized administrative/operational support functions (e.g., database management, knowledge management, task management, major event/course planning, etc.) and ability to apply relevant procedures, processes and systems.
• Thorough knowledge of Bank Group policies, procedures, and practices, including a good understanding of those related to Pension Investments.
• Excellent office technology skills, including experience with SAP, Microsoft Office (Excel and PowerPoint). Familiarity with other quantitative analytical packages is desirable.
• Strong Excel skills and experience with basic financial analysis will be an advantage.Strong knowledge with Investment databases and portals (such as Cambridge Associates, Burgiss, Preqin, Pitchbook, eVestment, Intralinks, Sungard, Altareturn, Dynamo, etc) to produce reports and analysis.
• Dedicated team player with excellent organization skills, proactive, keen attention to detail, and a demonstrated ability to handle a variety of concurrent activities in a timely manner with minimal supervision.
• Excellent interpersonal and communication skills, with ability to interact tactfully in internal/external contacts at all levels, exercising good judgment in handling confidential and sensitive information.
• Creative thinker, and quick learner, with initiative, drive and attention to details.
• Flexibility to perform a variety of tasks and expand the scope of work and responsibilities, with willingness to work overtime on short notice and committed to achieving individual and team results.
• Highest ethical standards.

Competencies:

Lead and Innovate: Applies creativity, flexibility and persistence to develop new approaches. Considers own behavior in context of WBG's values and mission and recognizes impact on others. Frames problems and recommends solutions.

Deliver Results for Clients: Demonstrates initiative, independence and autonomy in addressing client needs in changing business contexts and environments. Has knowledge of department strategy, vision, and goals and can link them to those of the larger organization. Allocates and prioritizes resources according to areas of most urgent need and greatest impact for the client.

Collaborate Within Teams and Across Boundaries: Adopts a collaborative approach to improve overall effectiveness outside one's department and displays an open, helpful attitude toward others. Approaches conflicts as common problems to be solved. Demonstrates understanding of and acts to incorporate multiple perspectives. Frames thinking/actions with a WBG corporate perspective in mind.

Create, Apply and Share Knowledge: Takes ownership for organization of knowledge-sharing and learning activities. Contributes to the knowledge of the work group and beyond. Uses feedback to develop self and mentor others. Builds personal and professional networks within and beyond the work group.

Make Smart Decisions: Anticipates, research, reviews, and analyzes available data and relevant empirical evidence, including lessons learned. Understands risk and can provide basic assessment using cost-benefit analysis. Uses critical thinking and good judgment to make decisions. Supports decisions, takes initiative, and ensures appropriate follow-up actions are taken.

Records Management/Content Management on Web: Basic conceptual understanding of the principles underlying records management. Ability to identify the essence of the document, file the documents using the correct schema and route it to appropriate staff for further action.

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.