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

The World Bank is one of the world’s largest sources of funding and knowledge for developing countries and works in more than 100 developing economies to improve living standards and fight poverty. For each client, the World Bank uses financial resources and extensive experience to help our client countries to reduce poverty, increase economic growth, and improve quality of life. There are five World Bank Group institutions, each of which specializes in different aspects of development: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).

The World Bank’s Twin Goals

The World Bank has twin goals of ending extreme poverty and promoting shared prosperity. Its capacity to fulfill these goals is underpinned by a Treasury Vice Presidency (“Treasury”) that is widely recognized across the global capital markets for its dynamic professionalism and its record of innovation in obtaining outperformance for its clients in all the Treasury’s functions.

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.

Departments & Teams

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

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, organization, people and careers at https://treasury.worldbank.org/careers.

Poverty has no borders, and neither does excellence.
With employees based in Washington, Chennai, and Tokyo, 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 Treasury Operations Department (TREOP) provides a full range of operational support for Treasury’s capital markets, asset management, and banking businesses. The Department is presently organized in three operational units: Asset and Liability Operations (TREAL), Quantitative Solutions and Analytics (TREQA), Cash and Banking Operations (TREBK), and Financial Technology (TREFT).

The Quantitative Solutions and Analytics team (TREQA) is responsible for developing and implementing quantitative models, financial solutions and portfolio analytics for internal and external client fixed income investment portfolios, and providing valuation, performance reporting and guideline monitoring for those portfolios. The team also provides advisory and capacity building in its areas of expertise for client central banks, sovereign wealth funds, pension funds and other strategic partners.

Duties and Accountabilities:

The ETC Consultant will be a member of TREQA – Capital Markets Analytics (CMA) Team that focuses on the valuation and analytics to support the Funding Activity as well as the Asset Liability Management with roles and responsibilities outlined below:

1. Contribute to the design and implementation of quantitative financial valuation models and tools to facilitate execution of new capital markets transactions for the Bank portfolios, including but not limited to, bonds and derivatives with embedded options in interest, FX, and/or equity index.

2. Work with relevant teams in the World Bank’s Finance & Accounting department for pre-trade model validation and post-trade verification of new models developed internally or externally in support of funding transactions, including selection of financial valuation model, identification of market data requirements, and preparation of required risk analyses and documentation to facilitate the validation and verification processes.

3. Engage, and collaborate with various internal units (Model validation, Risk and Operations) to secure new transaction approval, and address any issues with respect to valuation, collateral, and risk.

4. Perform, and deliver timely monthly valuations for complex financial contracts, and work with model validators to resolve any valuation issues related to financial reporting.

5. Participate in discussion with internal, and external auditors, and act as subject matter expert with respect to valuation models.

6. Contribute to the Treasury Systems design and development of business requirements, testing of deliverables, and production implementation for all IT system enhancements to support existing and new funding transactions.

7. Contribute to the Capital Markets Department efforts related to LIBOR transitions including but not limited to system readiness and sourcing market data, propose and review curves construction, validate valuation results.

8. Contribute to the development of market risk or credit risk analytics needed by the Capital Markets department to facilitate execution of funding or any balance sheet optimization analysis.

9. Follow up on market development in the area of valuation and risk analytics and contribute to enhancement the Bank’s valuation and risk analytics platform when necessary.

10. Provide analytical support to other units of the Treasury for the design of the Bank’s financial solutions and financial services for clients.

11. Provide quantitative, and analytical support to respond to client’s enquiries related to Capital Markets, and risk management products.

12. Provide training and guidance for Junior staff.

13. Any other duties as assigned.

Selection Criteria

1. Advanced degree preferably in finance, mathematics, physics or engineering.
2. At least 5 years of relevant work experience in risk & analytics, modelling, and/or financial platform implementation with focus on risk management and financial modeling.
3. Expertise in Murex and/or Numerix Cross Asset / Oneview are strongly preferred.
4. Strong theoretical and practical experience with derivative instruments.
5. Experience with capital markets, market conventions, and market data.
6. Proven quantitative and qualitative analytical skills in the area of valuing/pricing of complex structures; including knowledge of econometric and financial modeling techniques, multi-factor Monte Carlo simulation techniques and option pricing methodologies.
7. Working experience in time series analysis in general, econometrics modelling, or actuarial science is a plus.
8. Great teamwork and communication skills.
9. Professional Certification in CFA, FRM, or PRM is a plus.
10. Working experience with one or more of the following languages: Python, VBA, Matlab, R, etc.
11. Original thinking and quick learning abilities with strong initiative and drive.
12. Highest ethical standards

Competencies

• Technical expertise: Broad and deep understanding of financial markets and financial instruments.

• Communication: Able to communicate in a constructive, concise, and professional manner. Able to contribute to unit’s knowledge sharing.

• Innovation: Applies critical thinking to current approaches, identifies areas for improvement, and tries new solutions that drive results. Considers own behavior in context of WBG’s values and mission and recognizes impact one has on others. Operates in ambiguity and changing needs and supports others to do the same.

• Sound judgment:  Able to access situation and make sound judgment on action needed.

• Teamwork: Keeps others fully informed to ensure integration and work consistency and displays a sense of mutuality and respect. Approaches conflicts as common problems to be solved. Seeks and listens to input from others to inform own decision making and openly shares information. Frames thinking/actions with a WBG corporate perspective in mind.

• Drive for Results: Sets challenging goals that align with the WBG mission and is always looking to improve. Understands clients’ most pressing challenges and contributes to solutions. Takes personal responsibility for producing high quality work, identifying and informing of risks, and delivering results for clients.

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.