Junior Data Scientist

Junior Data Scientist

Job #:

req20877

Organization:

World Bank

Sector:

Treasury

Grade:

EC1

Term Duration:

1 year 0 months

Recruitment Type:

Local Recruitment

Location:

Washington, DC,United States

Required Language(s):

English

Preferred Language(s):

Closing Date:

2/1/2023 (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 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's Twin Goals

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 across the global capital markets for its dynamic professionalism and its record of innovation in obtaining outperformance for its clients in all the Treasury's functions.

The World Bank Treasury

Treasury is the Vice Presidency performing treasury functions for IBRD and for other members of the World Bank Group. Its activities are organized and grouped along three departments: (1) capital markets, investments & financial products, (2) asset management and advisory, and (3) treasury operations. Treasury has been a large and significant player in the international financial markets for more than 70 years and has achieved a global reputation as a prudent and innovative borrower, investor and risk manager. Treasury is responsible for: (i) managing more than $185 billion in assets for the World Bank and other official-sector investors; (ii) leading the World Bank's financing program in international and domestic bond and derivatives markets; (iii) conducting asset and liability management for IBRD and IDA's balance sheets; (iv) overseeing the development and outreach related to the financing and hedging products that IBRD and IDA provide for their developing-country clients; and (v) collaborating with official sector institutions of member countries to help build their capacity in asset and public debt management.

Within Treasury, the capital markets, investments & financial products department (CMI) is responsible for managing annual funding programs for IBRD (approx. $40-50 billion) and IDA (approx. $5-10 billion) and building sustainable capital markets, managing liquid asset portfolios for IBRD and IDA, and the asset and liability management aimed at reducing risk on IBRD and IDA's balance sheets. CMI also advises clients on loans and risk management products, and structures financial products for development. CMI places strong emphasis on achieving the best possible financial terms within prudent market, liquidity, credit, operational and reputational risk parameters. CMI is comprised of six teams carrying out these responsibilities. The working environment is fast-paced and dynamic, as the teams regularly deal with new ideas, projects and challenges.

Duties and Responsibilities

The Financial Data Scientist/Engineer a member of Investments and Liquidity Management team with roles and responsibilities outlined below:

Create and maintain tools for financial data access & analysis

• Master an existing front-end code base of about 10,000 lines of Visual Basic for Applications (VBA) to the extent necessary to debug, maintain and extend various modules in it.

• Perform product management functions for software under IT control that feeds data into back end of above code.

• Learn how to navigate an extensive and evolving data ecosystem that is used for various financial functions in the World Bank group, with a view to be able to locate and acquire any inputs requested.

• Research data access methodologies that best exploit new technologies deployed by World Bank IT, including cloud-based warehouses and custom vendor-specific repositories.

• Form and maintaining a support network of colleagues across Treasury, IT and Finance.

• Produce custom database-linked spreadsheets and other live dashboards and reports as requested by portfolio managers and other colleagues.

• Acquire vocabulary and understanding of portfolio management processes, workflows and performance to quickly understand new requests, and anticipate future needs, for data.

• Analyze machine learning project proposals and past implementations, and deploying existing projects on different platforms as needed to achieve the goals set by internal clients.

Selection Criteria

Candidates who have the following are encouraged to apply:

• Software development proficiency in multiple languages, including

o Understanding of basic computer science concepts

o Aptitude in debugging code written by others.

o Proficiency with using regular expressions for pattern recognition.

• Familiarity with Microsoft Office Object Library.

o Priority will be given to candidates who have a portfolio of code they have written to automate tasks in MS-Excel and MS-PowerPoint by calling methods and procedures of Microsoft Office objects.

• Proficiency in Structured Query Language (SQL),

o preferably the Oracle dialect.

o Priority will be given to candidates who have written code that generates SQL dynamically.

• Experience delivering code that uses machine learning platforms and libraries, with a track record of successfully deploying projects and keeping up with best practices.

• Understanding of business intelligence reporting and dashboarding tools, from both the power user and programming ends

• Experience using APIs for delivering data from vendors.

o Priority will be given to candidates who have used one or more Bloomberg APIs for this purpose.

• Knowledge of financial modeling and forecasting, including

o pricing of multiple asset classes and investment instruments, and

o knowledge of performance evaluation, attribution, and reporting.

o money market operations in response to daily cash flow fluctuations.

• Interpersonal skills: proven aptitude for forming and maintaining professional bonds with internal clients across multiple roles.

• Communication skills: ability to produce clear and concise English-language prose for seeking, summarizing, interpreting and explaining business needs across disciplines and skill levels.

• Initiative: ability to complete assigned tasks conscientiously and to seek input from others whenever and wherever needed to achieve goals without detailed instructions.

• Fast learner: ability to follow changing technology relevant to the work, explain it to others, and assimilate it into work planning.

• Master's degree in a quantitative field, preferably from a top-tier university.

• Minimum of two years' experience closely matching the tasks above.

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

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.

Note: The selected candidate will be offered a one-year appointment, renewable for an additional one year, at the discretion of the World Bank Group, and subject to a lifetime maximum ET Appointment of two years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their second-year ET appointment are not eligible for future ET appointments.