E T Consultant

Contract

This is a World Bank Group grade: EC2 contract. More about World Bank Group grade: EC2 contracts.

E T Consultant

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 in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org

IFC Treasury & Mobilization have been a large and significant player in the international financial markets for more than 30 years and has achieved a global reputation as an innovative borrower, investor, mobilizer of 3rd-party capital, and risk manager. Operating globally to deliver on IFC’s strategy to create markets and mobilize private capital for development, the Treasury & Mobilization Vice Presidency manages over $116 billion in liquid assets, global market borrowings, derivatives transactions, and a portfolio of 3rd-party capital. It is responsible for managing the liquidity and cash of the Corporation, executing the funding program, strengthening local-currency financing by arranging and executing local-currency and risk-management transactions for clients, and mobilizing 3rd-party capital through innovative syndication and mobilization platforms such as the Managed Co-Lending Portfolio Program (MCPP). The Vice Presidency also manages the capital market education programs, provides advisory services and other knowledge services related to treasury management and operations to IFC’s clients. Finally, the Vice Presidency is responsible for performing some support functions necessary to achieving its mission (e.g., measuring and managing risks, computing performance and valuations, and undertaking quantitative analyses).

IFC Treasury & Mobilization VPU teams are co-located in three global hubs that together serve IFC clients seamlessly across time zones and geographies. Operations are headquartered in Washington, D.C. and headed by the IFC VP and treasurer. In addition, there is a hub in London (with small presence in Dakar and Nairobi) covering Europe, Middle East, Central Asia and Africa and a hub in Singapore that covers Asia.

The Treasury Valuation and Analytics (Middle Office) Unit:

The Treasury Valuation and Analytics team works with Treasury, Treasury Risk, and IFC Controller’s to perform its functions. Notwithstanding its placement in Treasury, it is structured and functions independently of the Treasury Market Operation (CTM), Quantitative Analysis (CTQ), Treasury Clients Solutions (CTC), and Syndications (CSL). The Treasury Middle Office conducts valuation, performance, data management and control functions for all IFC Treasury activities.

IFC Treasury Valuation and Analytics is seeking a dynamic and motivated Consultant to provide Treasury and Mobilization Middle Office support. The candidate will oversee daily valuation and pricing calculation, bond price verification, and quarterly valuation for the Treasury Market Operations (CTM) Treasury Risk (CRMTR), and IFC’s Controllers Department (CNT). In addition, the Consultant will oversee and the staff managing selected data in relevant Treasury systems while coordinating with CTM, CTQ, CRMTR, and CNT. The Consultant is also expected to supervise the performance functions of the unit. The Consultant will support work in the valuation function of the unit and will participate in the fair valuation responsibility for structured finance transactions that requires and benefit from Treasury client solutions (CTC) structuring expertise.

Duties and Responsibilities:

The Consultant’s primary responsibilities will include, but not be limited to the following duties and responsibilities:

• Valuation of various fixed income products including options; • Valuation of guarantees, insurance contracts on some loans for the Syndications department; • To review the availability of the relevant market data for the fair valuation of the transactions; • Validate, troubleshoot and resolve issues; • Oversees the daily market data downloads, perform validation, troubleshoot errors, maintain manual curves; • Monitor and address valuation breaks from CP MTM reconciliation; • Oversee levelling activities for the Front office (as relevant); • Address inquiries and challenges from Front Office, Treasury Risk, and the Controllers’ departments; • Provide quarter end valuation completion sign-off to IFC Controller; • Contributes to the fair valuation for the Structured Finance transactions; • Working closely with relevant staff Treasury and Mobilization, Risk departments to value illiquid fixed income transactions in Emerging Markets; • Prepare and maintain documentation of individual and group work; • Implement productivity enhancing utilities and applications; • Provide ad-hoc analysis and reporting to clients; • Keep abreast of the industry’s best practices and technologies used; • Assist in additional projects as needed within TVA.

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 in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org

IFC Treasury & Mobilization have been a large and significant player in the international financial markets for more than 30 years and has achieved a global reputation as an innovative borrower, investor, mobilizer of 3rd-party capital, and risk manager. Operating globally to deliver on IFC’s strategy to create markets and mobilize private capital for development, the Treasury & Mobilization Vice Presidency manages over $116 billion in liquid assets, global market borrowings, derivatives transactions, and a portfolio of 3rd-party capital. It is responsible for managing the liquidity and cash of the Corporation, executing the funding program, strengthening local-currency financing by arranging and executing local-currency and risk-management transactions for clients, and mobilizing 3rd-party capital through innovative syndication and mobilization platforms such as the Managed Co-Lending Portfolio Program (MCPP). The Vice Presidency also manages the capital market education programs, provides advisory services and other knowledge services related to treasury management and operations to IFC’s clients. Finally, the Vice Presidency is responsible for performing some support functions necessary to achieving its mission (e.g., measuring and managing risks, computing performance and valuations, and undertaking quantitative analyses).

IFC Treasury & Mobilization VPU teams are co-located in three global hubs that together serve IFC clients seamlessly across time zones and geographies. Operations are headquartered in Washington, D.C. and headed by the IFC VP and treasurer. In addition, there is a hub in London (with small presence in Dakar and Nairobi) covering Europe, Middle East, Central Asia and Africa and a hub in Singapore that covers Asia.

The Treasury Valuation and Analytics (Middle Office) Unit:

The Treasury Valuation and Analytics team works with Treasury, Treasury Risk, and IFC Controller’s to perform its functions. Notwithstanding its placement in Treasury, it is structured and functions independently of the Treasury Market Operation (CTM), Quantitative Analysis (CTQ), Treasury Clients Solutions (CTC), and Syndications (CSL). The Treasury Middle Office conducts valuation, performance, data management and control functions for all IFC Treasury activities.

IFC Treasury Valuation and Analytics is seeking a dynamic and motivated Consultant to provide Treasury and Mobilization Middle Office support. The candidate will oversee daily valuation and pricing calculation, bond price verification, and quarterly valuation for the Treasury Market Operations (CTM) Treasury Risk (CRMTR), and IFC’s Controllers Department (CNT). In addition, the Consultant will oversee and the staff managing selected data in relevant Treasury systems while coordinating with CTM, CTQ, CRMTR, and CNT. The Consultant is also expected to supervise the performance functions of the unit. The Consultant will support work in the valuation function of the unit and will participate in the fair valuation responsibility for structured finance transactions that requires and benefit from Treasury client solutions (CTC) structuring expertise.

Duties and Responsibilities:

The Consultant’s primary responsibilities will include, but not be limited to the following duties and responsibilities:

• Valuation of various fixed income products including options; • Valuation of guarantees, insurance contracts on some loans for the Syndications department; • To review the availability of the relevant market data for the fair valuation of the transactions; • Validate, troubleshoot and resolve issues; • Oversees the daily market data downloads, perform validation, troubleshoot errors, maintain manual curves; • Monitor and address valuation breaks from CP MTM reconciliation; • Oversee levelling activities for the Front office (as relevant); • Address inquiries and challenges from Front Office, Treasury Risk, and the Controllers’ departments; • Provide quarter end valuation completion sign-off to IFC Controller; • Contributes to the fair valuation for the Structured Finance transactions; • Working closely with relevant staff Treasury and Mobilization, Risk departments to value illiquid fixed income transactions in Emerging Markets; • Prepare and maintain documentation of individual and group work; • Implement productivity enhancing utilities and applications; • Provide ad-hoc analysis and reporting to clients; • Keep abreast of the industry’s best practices and technologies used; • Assist in additional projects as needed within TVA.

Selection Criteria

• MS or MBA Degree in a relevant discipline (Finance, Business, Engineering, or another quantitative discipline such as Math/Physics/Statistics/Actuarial studies with an equivalent combination of education and experience and 5-7 years relevant work experience in finance and investments such as portfolio management, market or credit Risk, or fixed income product and valuation methodologies; • Knowledge of fixed income mathematics, derivatives and information technology. • Valuation expertise in illiquid markets/instruments; • Strong analytical skills. • Extensive technical experience with Treasury products, market data and valuation process. • Working technical knowledge of models and supporting systems. • Ability to tackle and work-out challenges and find solutions for multiple stakeholders. • Ability to investigate and troubleshoot issues in any of the valuation components and refer resolution to the appropriate component owner. • Maintain effective relationships with key stakeholder of valuation process • Strong communication skills and ability to collaborate broadly • High degree of motivation to enhance productivity and efficiency using computer system. • Careful attention to details and reliability of the output. • Ability to work under pressure. • Self-motivated and able to work in a diverse global team. • Excellent communication skills to explain the logic behind the analysis. • Commitment to the daily production of error-free reports. • Knowledge of Bloomberg, Reuters, Summit (Misys) will be a strong advantage. • Proficiency VBA, Python (or other programming language), Oracle (or other RDBMS), SQL, MS Access and Excel in order to maintain and improve existing reporting applications will be a big plus. • Proven ability to manage projects, deliver against tight deadlines and work effectively in a virtual working environment.

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 World Bank Group to achieve the best results for clients; Actively mentor and train analysts and assistants; Embrace diverse ideas and approaches and proactively share own perspective; Form effective relationships with internal and external counterparts. • Leadership and innovation: take initiative and be persistent in their drive for results; seek opportunities to improve and implement innovative solutions to problems with others; Identify and pursue innovative approaches to resolve issues and achieve more impactful results; Proactively improve business processes and enhance client solutions; Integrate corporate perspective into work. • 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 advising: strive to add value to clients in the business; Anticipate IFC’s or client’s needs in the future. • Technical Knowledge: Leverage information technology systems and applications to improve productivity and efficiency.

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 IFC’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 IFC’s 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 projects and tasks using appropriate tools, methodologies and processes. • Analytical thinking: able to breakdown 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 procedures: understand and apply relevant policies and procedures in executing 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.

World Bank Group Core Competencies

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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.