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? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. 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, increasing shared prosperity and promoting sustainable development. 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 & Investment Management, Client Asset Management and Advisory, and Treasury Operations.

Treasury (TRE) 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 $195 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 collaborate with other Departments across the Bank and Finance Partners teams.

The Treasury Operations Department (TREOP) provides a full range of operational support for Treasury’s asset management, capital markets and banking businesses. The Department is presently organized in three operational units: Asset and Liability Operations (TREAL), Quantitative Solutions and Analytics (TREQA), and Cash and Banking Operations (TREBK), and a Financial Technology coordination unit (TREFT).

Duties and Accountabilities: The TRE Operations Chennai (TRECH) is an integral part of TRE and is responsible for a variety of duties providing vital support across its operational divisions. It works closely with the Headquarters in Washington D.C. Under the guidance and supervision of a Team Lead and/or Functional Lead, the Financial Analyst will have responsibilities for specific individual tasks/projects as well as for working as an integral part of the team in executing TREOP’s work program, while maintaining close relationships with the other Treasury departments.

His/her primary responsibilities will include, but are not limited to, some combination of the following activities to support any of the business lines in TREOP’s operational division:

• Responsible for the production and distribution of investment reports and communicate directly with internal and external clients as needed; being able to quickly identify and effectively resolve issues relating to accounting, pricing and valuation of fixed income securities, investment performance measurement and attribution for fixed income portfolio, market and credit risk measurement, and client reporting; • Ensure that monthly, quarterly accounting deliverables and reporting requirements are accurate and performed promptly with third-party client activity, conduct accounting close and necessary accounting adjustments for third-party clients; • Providing analytical support to the team in the areas of investment performance measurement, portfolio analytics, ensuring that the daily, weekly and monthly deliverables of the team are completed correctly; • Stay abreast of accounting standards (GAAP & IFRS), investment performance and GIPS standard, provide accounting technical advisories in International Financial Reporting Standards (IFRS) on topics; • Keep abreast of the industry’s best practice and technology improvements pertaining to the team’s functions; • Assist in additional projects as needed within TREQA or larger TREOP team; • Ensure daily, monthly, quarterly and year-end deliverables and other ad-hoc reporting requirements for Treasury's worldwide clients are properly and promptly met; • Prepare materials for professional collaborations, advisory engagements and workshops with central banks and other official sector institutions; and • Other ad hoc tasks as may be assigned.

Selection Criteria

1. Master’s in fields such as Mathematics, Statistics, Engineering, Finance or Accounting or Bachelor’s with Professional certification like CFA, CA, FRM or CIPM. 2. At least 3 years of relevant experience in middle office role within the investment performance, fixed income valuation & accounting or risk management domain. 3. Strong understanding and experience with fixed income, floating rate debt instruments and derivatives. 4. Strong Excel knowledge. Programming experience with a scripting language such as Python/R or VBA preferred. 5. Keen to learn, resourceful and passionate about contributing to Treasury and its clients. 6. Demonstrated ability to learn new technology quickly and effectively for maximum productivity. 7. Quick learner with high level of initiative, drive and attention to details. 8. Proven problem-solving skills with capacity to multi-task, deliver high quality results and respond quickly and effectively to requests. 9. Excellent communication and presentation skills – both verbal and written. 10. Diplomacy and strong interpersonal skills with strong commitment to work in a respectful, team-oriented and multi-cultural work environment. 11. Flexibility to overlap with U.S. hours and work on U.S. holiday calendar will be required to meet reporting deadlines along with willingness to travel to Washington D.C. for training and team projects. 12. Highest ethical standards.

Competencies

• Financial Market Literacy - Can understand financial market processes; reads and analyzes financial reports and data such as holdings, valuation, performance, compliance, account reconciliations, position, margin, and settlement and risk reports. • Client Services - Contributes successfully to on-site missions or workshops for Treasury clients. • Process and Infrastructure Development - Makes recommendations to improve efficiency of the accounting, business risk or operations process. • Operational Risk and Control - Understands the basic concepts of risk management and internal control frameworks. • 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. • Client Orientation - Able to establish partnership based working relationships with internal/external clients. Demonstrates independence, initiative, and autonomy in addressing clients' needs. • Drive for Results - Takes personal ownership and accountability to meet deadlines and achieve agreed-upon results and has the personal organization to do so. • 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. • Knowledge, Learning and Communication - Able to research and draft quality written materials or review adherence of written materials prepared by others to administrative requirements. Able to mentor and guide and organize learning activities within area of assigned responsibilities. • Business Judgment and Analytical Decision Making - Able to use analytical, problem-solving skills and resourcefulness to make informed and practical decisions to carry out own work. Able to advice on information usage and storage, and policies in the area of assigned responsibilities.

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.