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Senior Financial Assistant

World Bank Group

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Job Description

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Description

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Banking Operations (TREBK) ensures all World Bank payments, receipts, and FX related to corporate cash activity are processed and performs key reconciliation controls and reporting over cash transactions and investment portfolios.  The unit consists of four teams responsible for coordinating to execute the work program: (1) cash planning and ensuring all FX conversions are executed to meet the Bank’s liquidity needs and processing payments and receipts for proper accounting; (2) managing bank accounts and relationships with all corporate banking counterparts: (3) performing controls to ensure the completeness, accuracy and validity of all cash and security positions, investigating and resolving differences with external records, and financial reporting of cash balances and external client reporting of investment holdings; and (4) managing the WBG’s Swift infrastructure and maintaining SSIs and key static data related to payment and receipt processing.
TREBK staff members are in the Bank’s Washington DC headquarters, in the Shared Service Centers in Chennai, India and Sofia, Bulgaria.

Duties and Accountabilities:
 
The Senior Financial Assistant will have responsibilities for specific individual tasks/projects within TREBK’s Banking Relations team in executing TREOP’s work program, while maintaining close relationships with the other Treasury departments and departments across WBG. Cross training with TREBK’s Cash Management team will be expected, and daily responsibilities may vary based on rotations.  His/her primary responsibilities will include, but are not limited to, some combination of the following activities:

Banking Relations:

  • Support colleagues to perform bank account maintenance functions, including opening, closing and negotiating bank accounts with commercial and central banks around the world for corporate and country office needs, coordinating with business partners and Legal on a timely accurate manner.  
  • Support banking relations functions including maintaining database of contact points and arranging periodic meetings to review service and learn from counterparts about emerging trends.
  • Support periodic service assessment reviews of key banking service providers.  
  • Perform bank monitoring and geopolitical monitoring functions for assigned portfolio of correspondent banking partners.
  • Respond to KYC, AML / CFT requests and address queries, coordinating with Legal, as needed. 
  • Act as the liaison with WBG-wide business units requesting Merchant Accounts (credit card accounts) to collect business revenues and chair users group meetings.  Coordinate all Merchant Account openings / closures with gateway provider.  
  • Review dormant bank accounts with business units and provide summary of follow-up actions needed.  
  • Respond to ad hoc queries as they may arise.
Cash Management:
  • Perform daily cash planning, ensuring that corporate bank accounts are properly funded to meet all payments, any discrepancies are resolved, and any excess/deficient positions are covered through the investment portfolio.
  • Ensure timely posting of receipts, funding of payments and FX requests.
  • Liaise with business units both in and out of TREOP/TRE to troubleshoot and solution various issues involving cash that might arise.
  • Perform ad-hoc functions or assist with team deliverables and projects.
Selection Criteria:
  • Fluency in the English language, both spoken and written. 
  • Strong communication skills – both verbal and written.  
  • Master’s degree in Finance, Accounting, Economics or related field or Bachelor’s degree in Finance, Accounting, Economics or related field with 2 plus years relevant experience in the financial services industry. Business-related certifications are a plus (CFA, FRM, CTP or equivalent).  
  • Knowledge of and familiarity with treasury business lines, back office operational functions and treasury systems including banking, payment operations and cash management.
  • Strong proficiency in Excel, Word and PowerPoint.  
  • Demonstrated ability to manage competing demands to deliver on-time in a fast-paced, deadline driven environment.
  • Self-starter with ability to take responsibility for own actions and learn quickly.
  • Detail-oriented with strong organization skills.
  • Problem-solver with proven ability to develop creative solutions.
  • Reliable team player, a positive attitude, open and collegial work style with strong interpersonal skills and the ability to collaborate in a team-based, multi-cultural work environment within a team that is dispersed across different geographical locations (e.g. Washington, D.C, and Chennai, India).
  • Flexibility to overlap with EST morning hours will be required to meet reporting deadlines along with willingness to travel for training and team projects.
  • Strong client focuses and services skills, including the ability to listen, assess and respond to client needs.
  • Complies with highest ethical standards.

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