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

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.

The Pension and Endowments Department (PEN) 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. PEN manages about $37 billion US dollars invested across a range of asset classes, from fixed income to public equities to private equity, real assets, absolute return and credit 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. PEN’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. PEN identifies, selects, evaluates, and monitors investments, through outside managers, globally.

The Pension Middle Office team (PENMO) under PEN is responsible for providing a full range of functions supporting these investment activities, including the following: i) pension plan operational activities, ii) pension plans financial statements, iii) pension investment performance and attribution, iv) asset class exposure monitoring, v) all investment asset pricing and valuation, and vi) third-party clients’ reporting.

The World Bank Group is committed to achieving diversity in terms of race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated in the strictest confidence.

Duties and Accountabilities:

Under the guidance and supervision of a Team Leader, the selected candidate will be responsible for specific individual tasks/projects and for working as an integral part of the team in executing PENMO's work program. The primary responsibilities will include, but not limited to, some combination of the following activities: • Perform and/or review investment performance reporting of a multi-asset class portfolio including attribution analysis to support the monthly, quarterly and annual reporting to internal management; • Calculate benchmark risk rebalancing for potential trading by portfolio managers as well as ongoing reporting of portfolio exposure and performance to the management; • Manage the data quality process of public asset class managers and performing investment management or performance fee reviews; • Provide continuous first-class support to the pension investment team on regular and ad hoc requirements including analysis related to new investment; • Monitor and provide guidance to the custodian on performance reporting; • Perform quality reviews and analysis on asset class specific reporting; • Monitor and manage cash liquidity of the pension portfolios; • Oversee manager action funding activities; • Lead ad hoc projects in the areas of management reporting, valuation control, and performance analytics.

Selection Criteria

1. Qualified candidates should have a postgraduate degree (MBA or Master’s in Finance) or have earned the CFA designation, with a minimum of 5 years of experience. Direct exposure to performance reporting involving a multi asset class portfolio and/or a professional certification (CIPM, FRM, PRM, CAIA, CPA) could be a plus; 2. Strong knowledge of financial instruments including public equity securities, fixed income securities, derivatives products and alternative investments (such as hedge funds, private equity, real estate); 3. A sound understanding of industry practices and current developments in valuation / performance /attribution reporting related to multi asset class portfolio and/or pension plans; 4. Strong quantitative and qualitative analytical skills and proficiency in Excel, Excel macros and programing; 5. Experience in data visualization tools such as Power BI and/or Tableau and experience in coding languages such as Python, R with either a relevant certification or proven coding/ development related project experience a strong plus; 6. Able to work with large amounts of data, with good analytical skills, the ability to draw conclusions, and present findings in a clear manner; 7. Ability to streamline processes to deliver accurate and useful reports to clients, and carry out critical control procedures with a high degree of professionalism; 8. Proven capacity to multitask, deliver results and respond quickly and effectively to requests. Ability to work under pressure and great attention to details; 9. Excellent verbal and written communication skills and excellent interpersonal communication and presentation skills, including the capacity to communicate and discuss complex technical reporting issues in simple terms both verbally and in writing; 10. A very high degree of self-motivation and drive to high performance, while instilling a culture of positive engagement and care in the workplace; and 11. Having the highest ethical standards.

Competencies:

• Financial Market Literacy – Can understand financial market processes; reads and analyzes financial reports and data such as holdings, valuation, performance, attribution, compliance, account reconciliations, position, margin, and settlement and risk reports. • Process and Infrastructure Development – Makes recommendations to improve efficiency of the performance, accounting, business risk or operations process. • Lead and Innovate – Contributes new insights to understand situations and develops solutions to resolve complex problems. Adapts as circumstances require and manages the impact of their own behavior on others in the context of WBG's values and mission. Identifies and pursues innovative approaches to resolve issues. • Deliver Results for Clients – Adds value by constantly looking for a better way to get more impactful results; sets challenging stretch goals for oneself. Immerses oneself in client experiences and perspective by asking probing questions to understand unmet needs. Demonstrates accountability for achieving results that have a development impact and contribute towards financial, environmental and social sustainability. Identifies and proposes solutions to mitigate and manage risks. • Collaborate Within Teams and Across Boundaries – Appropriately involves others in decision making and communicates with key stakeholders. Approaches conflicts as common problems to be solved. Actively seeks and considers diverse ideas and approaches displaying a sense of mutuality and respect. Integrates WBG perspective into work. • Create, Apply and Share Knowledge – Leverages the department's expertise and body of knowledge across the WBG to strengthen internal and/or external client solutions. Seeks to learn from more experienced staff to deepen or strengthen their professional knowledge and helps others to learn. Builds personal and professional networks inside and outside the department unit. • Make Smart Decisions – Seeks diversity of information and inputs, researches possible solutions and generates recommended options. Identifies and understands risks and proposes recommendations. Based on risk analysis, makes decisions in a timely manner within own area of responsibility, considering the interests and concerns of stakeholders.

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 at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three 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 third-year ET appointment are not eligible for future ET appointments.