Director, Treasury Analytics

Finance & Economy

Overview

Lead and manage the Treasury Analytics department for effective financial operations

You have:

• Master's degree in a related field, with a minimum of 15 years of experience in relevant positions of growing complexity and responsibility.
• Demonstrated ability to set strategic direction with a proven track record of developing and implementing innovative strategies and process improvements to meet business objectives.
• Demonstrated ability to leverage technology to streamline processes, enhance efficiency, improve risk management, and set strategic direction for system architecture and platform for analytics and reporting.
• Demonstrated in-depth experience in quantitative finance and the middle office function and understanding of treasury operations, risk management, and financial markets.
• Strong understanding of treasury products, liquidity management, and interest rate risk and currency risk management.
• Strong understanding of operational risks and ability to establish a robust system environment and processes to mitigate these risks. Experience in producing accurate analytical results and reports.
• Proven ability to effectively engage and manage relationships with internal and external stakeholders, including senior management, auditors, clients, and other internal and external parties.
• Excellent communication and presentation skills, including effectively communicating complex concepts and ideas to diverse audiences.
• Demonstrated commitment to diversity, equity, inclusion, and teamwork values.
• Meet the WBG managerial selection criteria, including courage of your convictions, leading the team for impact, influencing across boundaries, fostering openness to new ideas, and building talent for the future.

Contract

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

Director, Treasury Analytics

Description

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.

IFC’s Treasury and Mobilization Vice Presidency is looking to recruit a Director, reporting to the Vice President, to head a department called Treasury Analytics (CTX Department). The Director will lead and manage the Department, which comprises 35 staff. About one-quarter of the department's staff are based in IFC’s regional offices in Singapore and London, and the remaining are based in the Headquarters office in Washington, D.C.

The CTX Department provides analytical and operational support to other business units in the Treasury and Mobilization VPU to meet various business requirements. The Treasury Analytics department consists of two divisions: Quantitative Modeling and Valuation and Analysis:

•The Quantitative Modeling team develops, maintains, and enhances quantitative analytics for various treasury functions. These analytics include 1) performance and risk measurement systems, asset allocation models for liquid asset portfolio management; 2) interest rate risks and currency exposures measurement systems for the ALM of IFC’s balance sheet, including loan portfolio. The balance sheet has assets and liabilities in over 85 currencies, including many local currencies; 3) derivative valuation and exposure measurement models, including xVAs calculation; and 4) structured finance models for pre-trade risk analysis. The team also sets up and configures market data, produces and validates daily ALM reports, and assists in trade capture for complex derivative transactions.

•The Valuation and Analysis team performs the middle office function as an independent unit in the department. While reporting to the department Director, the unit is also governed by a panel of directors from various departments, including those in Treasury and Mobilization VPU, the Controller, and the Risk Management Department. This unit performs four main functions: 1) market data monitoring and data-driven activities across other unit functions and internal clients outside the unit, 2) valuation of Treasury’s liability portfolio and selected mission assets, including derivatives, structured finance transactions, and debt guarantees, 3) P&L calculations and risk compliance for Treasury’s liquid asset portfolio, and 4) Performance reporting of structured funding and hedging solutions for local currency mission assets (such as using offshore hedging for onshore assets).

Duties and Accountabilities The Director, CTX will report to the Treasury and Mobilization VP and will have the following specific responsibilities:

• Lead the department in setting strategic direction for system architecture and platform for analytics and reporting. • Plan and manage projects to develop models and automate reporting for new business requirements. • Maintain proactive dialogue with internal client business units to understand their new business initiatives and requirements, which the department is expected to support. • Promote and maintain networks with relevant counterparts in other World Bank Group (WBG) entities, multilateral development banks (MDBs,) international financial institutions (IFIs), and other financial industries to exchange information on the latest trends and developments. • Establish a robust system environment and processes to mitigate operational risks and to produce accurate analytical results and periodic reports in a timely manner. • Liaise with the internal control unit in the Controller’s department and external auditors to disclose relevant information related to financial reporting. • Directly oversee the two managers/heads leading the two units • Recruit and retain talent with relevant knowledge, skills, and experience to accomplish departmental mandates. • Prepare and implement the department's optimal workforce plan, considering various metrics such as gender balance.

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.

IFC’s Treasury and Mobilization Vice Presidency is looking to recruit a Director, reporting to the Vice President, to head a department called Treasury Analytics (CTX Department). The Director will lead and manage the Department, which comprises 35 staff. About one-quarter of the department's staff are based in IFC’s regional offices in Singapore and London, and the remaining are based in the Headquarters office in Washington, D.C.

The CTX Department provides analytical and operational support to other business units in the Treasury and Mobilization VPU to meet various business requirements. The Treasury Analytics department consists of two divisions: Quantitative Modeling and Valuation and Analysis:

•The Quantitative Modeling team develops, maintains, and enhances quantitative analytics for various treasury functions. These analytics include 1) performance and risk measurement systems, asset allocation models for liquid asset portfolio management; 2) interest rate risks and currency exposures measurement systems for the ALM of IFC’s balance sheet, including loan portfolio. The balance sheet has assets and liabilities in over 85 currencies, including many local currencies; 3) derivative valuation and exposure measurement models, including xVAs calculation; and 4) structured finance models for pre-trade risk analysis. The team also sets up and configures market data, produces and validates daily ALM reports, and assists in trade capture for complex derivative transactions.

•The Valuation and Analysis team performs the middle office function as an independent unit in the department. While reporting to the department Director, the unit is also governed by a panel of directors from various departments, including those in Treasury and Mobilization VPU, the Controller, and the Risk Management Department. This unit performs four main functions: 1) market data monitoring and data-driven activities across other unit functions and internal clients outside the unit, 2) valuation of Treasury’s liability portfolio and selected mission assets, including derivatives, structured finance transactions, and debt guarantees, 3) P&L calculations and risk compliance for Treasury’s liquid asset portfolio, and 4) Performance reporting of structured funding and hedging solutions for local currency mission assets (such as using offshore hedging for onshore assets).

Duties and Accountabilities The Director, CTX will report to the Treasury and Mobilization VP and will have the following specific responsibilities:

• Lead the department in setting strategic direction for system architecture and platform for analytics and reporting. • Plan and manage projects to develop models and automate reporting for new business requirements. • Maintain proactive dialogue with internal client business units to understand their new business initiatives and requirements, which the department is expected to support. • Promote and maintain networks with relevant counterparts in other World Bank Group (WBG) entities, multilateral development banks (MDBs,) international financial institutions (IFIs), and other financial industries to exchange information on the latest trends and developments. • Establish a robust system environment and processes to mitigate operational risks and to produce accurate analytical results and periodic reports in a timely manner. • Liaise with the internal control unit in the Controller’s department and external auditors to disclose relevant information related to financial reporting. • Directly oversee the two managers/heads leading the two units • Recruit and retain talent with relevant knowledge, skills, and experience to accomplish departmental mandates. • Prepare and implement the department's optimal workforce plan, considering various metrics such as gender balance.

Selection Criteria

• Master’s degree in a related field, with a minimum of 15 years of experience in relevant positions of growing complexity and responsibility. • Demonstrated ability to set strategic direction with a proven track record of developing and implementing innovative strategies and process improvements to meet business objectives. • Demonstrated ability to leverage technology to streamline processes, enhance efficiency, improve risk management, and set strategic direction for system architecture and platform for analytics and reporting. • Demonstrated in-depth experience in quantitative finance and the middle office function and understanding of treasury operations, risk management, and financial markets. • Strong understanding of treasury products, liquidity management, and interest rate risk and currency risk management. • Strong understanding of operational risks and ability to establish a robust system environment and processes to mitigate these risks. Experience in producing accurate analytical results and reports. • Strong interest in development and commitment to the WBG and IFC values. • Proven ability to effectively engage and manage relationships with internal and external stakeholders, including senior management, auditors, clients, and other internal and external parties. • Excellent communication and presentation skills, including effectively communicating complex concepts and ideas to diverse audiences. • Personal leadership in shaping and leading new agendas, combining thought leadership, analysis, and delivery capacity for maximum impact. • Strong track record of overseeing senior staff and developing, coaching, and mentoring staff at all levels, including providing consistent, accurate, and straightforward feedback regarding strengths and developmental needs. • Demonstrated commitment to diversity, equity, inclusion, and teamwork values. • Meet the WBG managerial selection criteria, including courage of your convictions, leading the team for impact, influencing across boundaries, fostering openness to new ideas, and building talent for the future.

• Master’s degree in a related field, with a minimum of 15 years of experience in relevant positions of growing complexity and responsibility. • Demonstrated ability to set strategic direction with a proven track record of developing and implementing innovative strategies and process improvements to meet business objectives. • Demonstrated ability to leverage technology to streamline processes, enhance efficiency, improve risk management, and set strategic direction for system architecture and platform for analytics and reporting. • Demonstrated in-depth experience in quantitative finance and the middle office function and understanding of treasury operations, risk management, and financial markets. • Strong understanding of treasury products, liquidity management, and interest rate risk and currency risk management. • Strong understanding of operational risks and ability to establish a robust system environment and processes to mitigate these risks. Experience in producing accurate analytical results and reports. • Strong interest in development and commitment to the WBG and IFC values. • Proven ability to effectively engage and manage relationships with internal and external stakeholders, including senior management, auditors, clients, and other internal and external parties. • Excellent communication and presentation skills, including effectively communicating complex concepts and ideas to diverse audiences. • Personal leadership in shaping and leading new agendas, combining thought leadership, analysis, and delivery capacity for maximum impact. • Strong track record of overseeing senior staff and developing, coaching, and mentoring staff at all levels, including providing consistent, accurate, and straightforward feedback regarding strengths and developmental needs. • Demonstrated commitment to diversity, equity, inclusion, and teamwork values. • Meet the WBG managerial selection criteria, including courage of your convictions, leading the team for impact, influencing across boundaries, fostering openness to new ideas, and building talent for the future.

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.

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Potential interview questions

Added 1 year ago - Updated 1 year ago - Source: worldbank.org