Director

Contract

This is a World Bank Group grade: GI contract. More about World Bank Group grade: GI contracts.

Director

Description

Do you want to build a career that is truly worthwhile? 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 and promoting shared prosperity. 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.

Treasury is the Vice Presidency, reporting to the Managing Director and World Bank Group Chief Financial Officer, performing treasury functions for the IBRD and IDA and, to varying degrees, for other members of the World Bank Group and other public sector investors. Its activities are organized and grouped into the following departments: Capital Markets and Investment Management, Client Asset Management and Advisory, and Treasury Operations. The Treasury VPU also includes the Risk, Compliance, and Controls Unit.

Treasury has been a large and significant player in the international financial markets for over seventy years and has achieved a global reputation as a prudent and innovative borrower, investor, and risk manager. Treasury is responsible for: (i) managing approximately $205 billion in assets for the World Bank and other official sector investors; (ii) leading IBRD's and IDA's triple-A rated financing programs 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 and hedging 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 work with other Departments across the Bank and Finance Partners' teams

Asset Management and Advisory (TREAA) TREAA is responsible for managing over $70 billion of liquidity and fixed income portfolios for Trust Funds (including Financial Intermediary Funds) and over 70 external clients consisting of Central Banks, Pension Funds, Sovereign Wealth Funds, and other Official Institutions. The department is also responsible for providing investment partnership and advisory functions, capacity building, and training under the umbrella of the Reserve Advisory and Management Partnership (RAMP) Program. This department is organized into three units: Asset Management (TREAM), Advisory and Partnership (TREAP),and Product, Knowledge, and Research (TREPK).Learn more about our organization: https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do.

The Asset Management and Advisory Department is seeking a dynamic individual with a combination of demonstrated strong leadership, technical expertise, and excellent people management skills to lead the TREAA team. The Director will report to the Vice President and Treasurer, TREVP, and will be a member, along with Managers and Directors across all Treasury Departments, of Treasury's Management Team.

Duties and Accountabilities:

- Lead and oversee the three units of the department, Asset Management (TREAM), Advisory and Partnership (TREAP), and Product, Knowledge, and Research (TREPK). - Provide leadership, motivation, and inspiration to the Department. - Develop and maintain the Department’s business sustainability and growth strategy. - As a member of the LT, be fully and jointly accountable for the governance, direction, and performance of Treasury’s business. - Collaborate with the LT to formulate strategic staffing needs and annual budget requirements. Ensure cost-effective use of resources, and cost recovery of the asset management and advisory services including the RAMP program. - Provide direction, coaching, and feedback to continually develop and maintain a high performing, talented and diverse team of financial professionals. - Champion and role-model change and innovation. - Build and manage relationships and promote teamwork and collaboration across the department, Treasury, CMUs (Country Management Team), and the World Bank Group as well as with external and internal clients, development partners, and industry experts. - Oversee outreach to prospective clients and maintain strong relationships with clients and the World Bank Vice Presidency Unit responsible for the relationship with Financial Intermediary Funds and Trust Funds. - Lead the strategic dialogue and build partnerships with other Bank units and official sector institutions to ensure that the department contributes to and is consistent with emerging consensus on best practices in public reserves and asset management. - Oversee the design and implementation of investment strategies, and explore new asset classes or investment products, within prudent risk management principles and practices. - Oversee the goal of achieving stable excess returns over the investment benchmarks of the clients’ investment mandates through appropriate and effective investment strategies that leverage the team’s comparative market advantages, while closely managing operational risk. - Oversee RAMP’s multi-year capacity building engagements, technical advisory and thought leadership components, drawing expertise from within the department, across Treasury and other Bank units to provide expert technical assistance to clients. - Provide leadership and guidance in the design and development of knowledge sharing products, materials and events including research papers, training, conferences, and workshops. - Promote the RAMP program and other asset management and advisory services and frequently interact with senior decision-makers of the central banks, national pension funds, sovereign wealth funds, Financial Intermediary Funds, and other official sector asset managers on a broad range of policy issues. - Represent the World Bank and Treasury at various conferences and global forums and cultivate collaborative relationships with the most senior level representatives of the client institutions as well as asset management practitioners, opinion leaders, and external service providers.

Do you want to build a career that is truly worthwhile? 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 and promoting shared prosperity. 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.

Treasury is the Vice Presidency, reporting to the Managing Director and World Bank Group Chief Financial Officer, performing treasury functions for the IBRD and IDA and, to varying degrees, for other members of the World Bank Group and other public sector investors. Its activities are organized and grouped into the following departments: Capital Markets and Investment Management, Client Asset Management and Advisory, and Treasury Operations. The Treasury VPU also includes the Risk, Compliance, and Controls Unit.

Treasury has been a large and significant player in the international financial markets for over seventy years and has achieved a global reputation as a prudent and innovative borrower, investor, and risk manager. Treasury is responsible for: (i) managing approximately $205 billion in assets for the World Bank and other official sector investors; (ii) leading IBRD's and IDA's triple-A rated financing programs 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 and hedging 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 work with other Departments across the Bank and Finance Partners' teams

Asset Management and Advisory (TREAA) TREAA is responsible for managing over $70 billion of liquidity and fixed income portfolios for Trust Funds (including Financial Intermediary Funds) and over 70 external clients consisting of Central Banks, Pension Funds, Sovereign Wealth Funds, and other Official Institutions. The department is also responsible for providing investment partnership and advisory functions, capacity building, and training under the umbrella of the Reserve Advisory and Management Partnership (RAMP) Program. This department is organized into three units: Asset Management (TREAM), Advisory and Partnership (TREAP),and Product, Knowledge, and Research (TREPK).Learn more about our organization: https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do.

The Asset Management and Advisory Department is seeking a dynamic individual with a combination of demonstrated strong leadership, technical expertise, and excellent people management skills to lead the TREAA team. The Director will report to the Vice President and Treasurer, TREVP, and will be a member, along with Managers and Directors across all Treasury Departments, of Treasury's Management Team.

Duties and Accountabilities:

- Lead and oversee the three units of the department, Asset Management (TREAM), Advisory and Partnership (TREAP), and Product, Knowledge, and Research (TREPK). - Provide leadership, motivation, and inspiration to the Department. - Develop and maintain the Department’s business sustainability and growth strategy. - As a member of the LT, be fully and jointly accountable for the governance, direction, and performance of Treasury’s business. - Collaborate with the LT to formulate strategic staffing needs and annual budget requirements. Ensure cost-effective use of resources, and cost recovery of the asset management and advisory services including the RAMP program. - Provide direction, coaching, and feedback to continually develop and maintain a high performing, talented and diverse team of financial professionals. - Champion and role-model change and innovation. - Build and manage relationships and promote teamwork and collaboration across the department, Treasury, CMUs (Country Management Team), and the World Bank Group as well as with external and internal clients, development partners, and industry experts. - Oversee outreach to prospective clients and maintain strong relationships with clients and the World Bank Vice Presidency Unit responsible for the relationship with Financial Intermediary Funds and Trust Funds. - Lead the strategic dialogue and build partnerships with other Bank units and official sector institutions to ensure that the department contributes to and is consistent with emerging consensus on best practices in public reserves and asset management. - Oversee the design and implementation of investment strategies, and explore new asset classes or investment products, within prudent risk management principles and practices. - Oversee the goal of achieving stable excess returns over the investment benchmarks of the clients’ investment mandates through appropriate and effective investment strategies that leverage the team’s comparative market advantages, while closely managing operational risk. - Oversee RAMP’s multi-year capacity building engagements, technical advisory and thought leadership components, drawing expertise from within the department, across Treasury and other Bank units to provide expert technical assistance to clients. - Provide leadership and guidance in the design and development of knowledge sharing products, materials and events including research papers, training, conferences, and workshops. - Promote the RAMP program and other asset management and advisory services and frequently interact with senior decision-makers of the central banks, national pension funds, sovereign wealth funds, Financial Intermediary Funds, and other official sector asset managers on a broad range of policy issues. - Represent the World Bank and Treasury at various conferences and global forums and cultivate collaborative relationships with the most senior level representatives of the client institutions as well as asset management practitioners, opinion leaders, and external service providers.

Selection Criteria

The successful candidate should have the following qualifications:

- Advanced degree(s) in a relevant field of study, such as Business, Economics, Finance, Mathematics, or in a related discipline - Fifteen years of relevant experience in a senior position at an official financial institution or an international development organization - Substantial knowledge and experience across a wide array of business, policy, and operational topics, and ancillary areas - Demonstrated ability to lead, motivate and inspire a team, promote teamwork, manage highly qualified technical teams, and coach and mentor managers and staff - Demonstrated ability to facilitate and manage organizational change and the ability to listen and integrate different ideas, create partnerships, and collaborate with others across boundaries is critical. - Proven and tested networking ability along with excellent interpersonal and negotiation skills to reach consensus with internal and external business partners to support the department objectives. - Proven ability to successfully engage senior decision-makers at the central banks national pension and sovereign wealth funds, FIFs and other official sector asset managers, and board and investment committee members on complex - policy issues related to governance, institutional arrangements, and investment management operations. - Has strategic vision, sound reasoning, and creativity; can articulate options and trade-offs clearly and concisely. - Drive for results and the organizational and implementation skills to ensure that quality products and services are delivered effectively and efficiently to respond to client needs - A high degree of self-motivation, a positive attitude, and the ability to lead and collaborate in a team-based, multicultural work environment. - Excellent and proven English writing and speaking skills to express complicated and technical issues in simple terms and to present to audiences at different levels at internal, external, or global conferences and forums. - Highest ethical standards and ability to model WBG leadership values and managerial behaviors and to reinforce these qualities in the management team and staff, - Fluency in English is required. Proficiency in other languages is highly desirable. - Willing and able to undertake significant international travel

The successful candidate should have the following qualifications:

- Advanced degree(s) in a relevant field of study, such as Business, Economics, Finance, Mathematics, or in a related discipline - Fifteen years of relevant experience in a senior position at an official financial institution or an international development organization - Substantial knowledge and experience across a wide array of business, policy, and operational topics, and ancillary areas - Demonstrated ability to lead, motivate and inspire a team, promote teamwork, manage highly qualified technical teams, and coach and mentor managers and staff - Demonstrated ability to facilitate and manage organizational change and the ability to listen and integrate different ideas, create partnerships, and collaborate with others across boundaries is critical. - Proven and tested networking ability along with excellent interpersonal and negotiation skills to reach consensus with internal and external business partners to support the department objectives. - Proven ability to successfully engage senior decision-makers at the central banks national pension and sovereign wealth funds, FIFs and other official sector asset managers, and board and investment committee members on complex - policy issues related to governance, institutional arrangements, and investment management operations. - Has strategic vision, sound reasoning, and creativity; can articulate options and trade-offs clearly and concisely. - Drive for results and the organizational and implementation skills to ensure that quality products and services are delivered effectively and efficiently to respond to client needs - A high degree of self-motivation, a positive attitude, and the ability to lead and collaborate in a team-based, multicultural work environment. - Excellent and proven English writing and speaking skills to express complicated and technical issues in simple terms and to present to audiences at different levels at internal, external, or global conferences and forums. - Highest ethical standards and ability to model WBG leadership values and managerial behaviors and to reinforce these qualities in the management team and staff, - Fluency in English is required. Proficiency in other languages is highly desirable. - Willing and able to undertake significant international travel

The World Bank Group values diversity and encourages all qualified candidates who are nationals of World Bank Group member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.