E T Consultant

Contract

This is a World Bank Group grade: EC1 contract. More about World Bank Group grade: EC1 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 World Bank Treasury Are you inspired by a global mission to end poverty? Do you want to build a career in finance with a global impact? The World Bank Treasury is one of the few places where you can be on the leading edge of finance as it sits at the only nexus of finance, innovation, and international development. We manage the institution's finances to enable all World Bank operations and lending. Each year, we issue over $50 billion in bonds, prudently manage over $180 billion in assets, and process over $7 trillion in transactions. Treasury has three departments and a compliance and controls team. Learn more about our organization: https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do.

Treasury Operations Department

Treasury Operations Department (TREOP) provides a full range of middle and back-office support for Treasury’s asset management, capital markets and banking functions. TREOP is organized in three operational units: Asset and Liability Operations (TREAL), Banking Operations (TREBK), and Quantitative Solutions and Analytics (TREQA), supported by a TRE Technology Coordination function (TREFT)).

Treasury Asset and Liability Operations (TREAL) The team is responsible for supporting the funding, investment, and asset and liability management portfolios for World Bank Group entities. The team supports the investment portfolios for nearly 70 client entities in domestic and international markets. The team supports all trade execution and portfolio servicing activities, including trade review, settlement, documentation, cash management, corporate actions, asset servicing, options monitoring, debt service and collateral management across the full range of products including bonds, swaps, repos, deposits, and exchange-traded derivatives. In addition to supporting the day-to-day operations, TREAL staff lead the research, coordination, and implementation of new products and markets across TRE, Finance Partners, LEGFI, and ITS. The team has a heavy focus on, and takes a leadership role in, evaluating and deploying the latest products and technologies (like CBDC, blockchain, AI, robotics, etc.) to create efficiencies, reduce risk, and advance thought leadership amongst WB’s peers and clients.

With us, you won't just work in financial markets: you'll help create new ones. The World Bank Treasury launched a global recruitment campaign to attract the best and brightest talent in the world. We encourage you to learn more about Treasury, its organization, people, and careers at treasury.worldbank.org/careers.

Poverty has no borders, and neither does excellence.

With employees based in Washington, Chennai, Paris, Tokyo, Singapore, and Sofia, the World Bank Treasury represents over 50 nationalities, and our leadership team hails from all regions of the world. We are proud to be an equal opportunity and inclusive employer. We have a dedicated and committed workforce and do not discriminate based on gender, race, ethnicity, religion, disability, sexual orientation, or gender identity. Learn more about Treasury's greatest strength: its diverse and dedicated staff.

The primary responsibilities will include, but are not limited to, some combination of the following activities:

• Perform various daily and monthly Collateral Management tasks and working as an integral part of the team in monitoring and managing the institution’s credit exposure to over 70+ active global counterparties. • Perform various facets of post-execution activities for fixed income securities (fixed and floating rate bonds, MBS, ABS), derivatives (futures, options, swaps), and cash products (repo, Money-market, FX). • Work closely with traders and colleagues in Accounting, Banking, Credit, Development Finance, Legal, Technology, and Valuation units internally, as well as with Counterparties, Custodians, Futures Commission Merchants, and Calculation, Collateral and Fiscal Agents externally. • Ensure the settlements of fixed income and derivatives portfolios of over 6,500 transactions and resolving rate discrepancies and cash disputes with 70+ counterparties and other Bank clients. • Assist in the development and implementation of, and compliance with, changes to TREAL procedures, processes, and standards. • Develop training and skill enhancement initiatives (e.g., through presentations, seminars, and workshops) to transfer global knowledge and experience for various client advisory projects.

As determined by management depending on business needs:

• The work program is subject to change at any time and the candidate may be reassigned to another team. • The position is based in Sofia, Bulgaria. However, the work program is heavily dependent on the US (Eastern Time) time zone. As such, the selected candidate will be required to work till 9 pm local time to ensure adequate overlap with the team in Washington, DC. • The position requires candidates to work on-site from the local office in Sofia.

Selection Criteria

1. Master’s degree in Finance, Economics, Accounting, Engineering, Data Analytics, or related discipline. Professional certifications such as a CFA will be a plus. 2. Minimum 4 years of relevant professional experience. 4. Strong quantitative and qualitative analytical skills, including Excel skills. 5. Familiarity with business-related IT development or IT technology projects. Previous exposure to FinTech related knowledge is a plus. 6. Proven capacity to multi-task, deliver results and respond quickly and effectively to requests. Ability to handle multiple concurrent transactions on a tight timetable, consistent with a high level of client expectations. 7. Knowledge of SWIFT, Bloomberg, Python and Microsoft tools and applications like Power Query, Power BI, Power Apps, will be a plus. 8. Original thinking / quick learning abilities with strong initiative and drive, as well as attention to details. 9. Good team player with strong interpersonal skills, and commitment to work in a respectful, team-oriented, and multi-cultural environment. 10. Excellent interpersonal and people management skills, with the ability to interact tactfully with clients and/or business associates across all levels, while exercising sound judgement in handling confidential information. Competencies:

1. Financial Market Literacy - Can understand financial market processes; reads and analyzes financial reports and data such as positions, valuations, reconciliations, settlements, and compliance reports. 2. Client Services - Contributes successfully to both on-site and virtual missions or workshops for Treasury clients. 3. Process and Infrastructure Development - Makes recommendations to improve efficiency of the business risk or operations processes. 4. Operational Risk and Control - Understands the basic concepts of risk management and internal control frameworks. 5. Treasury Operations - Adept or expert in processing a suite of transactions such as bonds, FX, or structured transactions, or managing country or transactional bank accounts and reference data. 6. Client Orientation - Takes personal responsibility and accountability for timely response to client queries, requests or needs, working to remove obstacles that may impede execution or overall success. 7. Drive for Results - Takes personal ownership and accountability to meet deadlines and achieve agreed-upon results and has the personal organizational skills to do so. 8. Teamwork (Collaboration) and Inclusion - Collaborates with other team members and contributes productively to the team's work and output, demonstrating respect for different points of view. 9. Knowledge, Learning and Communication - Actively seeks knowledge needed to complete assignments and shares knowledge with others, communicating and presenting information in a clear and organized manner. 10. Business Judgment and Analytical Decision Making - Analyzes facts and data to support sound, logical decisions regarding own and others' work.

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.