E T Consultant

E T Consultant

Job #:	req25361
Organization:	World Bank
Sector:	Treasury
Grade:	EC2
Term Duration:	1 year 0 months
Recruitment Type:	Local Recruitment
Location:	Washington, DC,United States
Required Language(s):	English
Preferred Language(s):	Proficiency in a second language is a plus
Closing Date:	12/27/2023 (MM/DD/YYYY) at 11:59pm UTC

Description

The World Bank Group (World Bank) is one of the worlds largest sources of funding and knowledge fordeveloping countries. The World Bank works in more than 100 developingeconomies to improve living standards and fight poverty. The World Bank usesfinancial resources and extensive experience to help our client countries toreduce poverty, increase economic growth and improve the quality of life. TheWorld Bank is owned by 189 member countries whose views and interests arerepresented by a Board of Governors and a Washington DC-based Board ofDirectors. More than 190 countries participate in at least one of the fiveWorld Bank Group (WBG) institutions, each of which specialize in differentaspects of development: the International Bank for Reconstruction andDevelopment (IBRD), the International Development Association (IDA) (IBRD andIDA together also referred to as the World Bank or the Bank), theInternational Finance Corporation (IFC), the Multilateral Investment GuaranteeAgency (MIGA), the International Centre for Settlement of Investment Disputes(ICSID).

Treasury is the Vice Presidency, reporting to theManaging Director and World Bank Group Chief Financial Officer, performingtreasury functions for the IBRD and IDA and, to varying degrees, for othermembers of the World Bank Group and other public sector investors. Itsactivities are organized and grouped into the following departments: CapitalMarkets & Investment Management, Client Asset Management and Advisory, andTreasury Operations.

Treasury has been alarge and significant player in the international financial markets for overseventy years and has achieved a global reputation as a prudent and innovativeborrower, investor, and risk manager. Treasury is responsible for: (i) managingapproximately $185 billion in assets for the World Bank and other officialsector investors; (ii) leading IBRDs and IDAs triple-A rated financingprograms in international and domestic bond and derivative markets; (iii)conducting asset and liability management for IBRDs and IDAs balance sheets;(iv) overseeing the development and outreach related to the financing andhedging products the Bank provides for its developing-country clients; and (v)collaborating with the World Bank member countries to help build theircapacity.Staff in Treasury regularly interact and collaborate with otherDepartments across the Bank and Finance Partners teams.

Treasury Operations is the Department (TREOP) which provides afull range of middle and back-office support for Treasurys asset management,capital markets and banking functions. The Department is organized in threeoperational units: Asset and Liability Operations (TREAL), Banking Operations(TREBK), and Quantitative Solutions and Analytics (TREQA), supported by a TRETechnology Coordination function (TREFT)).

Treasury Asset and LiabilityOperations (TREAL) is the unitresponsible for delivering on a range of middle and back-office functionssupporting the funding, investment, and asset and liability managementportfolios for internal World Bank Group (IBRD, IDA, MIGA, and Trust Funds)entities. In addition, the team supports the investment portfolios for agrowing roster of more than 60 client entities in domestic and internationalmarkets. The team provides integrated and end-to-end support for all tradeexecution and portfolio servicing activities including trade review, settlementand documentation, options monitoring, debt service and cash and collateralmanagement across the full range of products including bonds, swaps, repos,deposits, and exchange-traded derivatives.

In performing these functions, the teamworks closely with internal partners and market counterparts as well asexternal service providers such as technology vendors, custodians, and payingagents. In addition to these day-to-day responsibilities, the team leads theimplementation of new products, markets, and business-related technologysolutions. TREAL staff stay at the forefront of experimenting with anddeveloping new technologies and products like distributed ledger technology(DLT, or blockchain) and central bank digital currencies (CBDC) to create efficienciesin the work program, to advise member countries, and for overall capitalmarkets development. TREAL alsocollaborates with partners across Treasury to participate in capacity buildingfor clients in its areas of expertise. TREAL staff members are located in theBanks Washington DC headquarters, in the Shared Service Centers in Chennai,India and in Sofia, Bulgaria.

Duties and Accountabilities:

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

1. Perform and provide guidance to junior staff on variousfacets of post-execution activities for fixed income (fixed and floating ratebonds, MBS, ABS), derivatives (futures, options, swaps), and cash products(repo, Money-market, FX);
2. Work closely and manage relationships with traders andcolleagues in Accounting, Banking, Credit, Development Finance, Legal,Technology, and Valuation units internally, as well as with Counterparts,Custodians, Futures Commission Merchants, and Calculation, Collateral andFiscal Agents externally.
   
3. Oversee and ensure the settlements of fixed income andderivatives portfolios of over 6,500 transactions and resolving ratediscrepancies and cash disputes with 70+ counterparties and other Bank clients.
4. Perform various daily and monthly Collateral Managementtasks and working as an integral part of the team in monitoring and managingthe institutions credit exposure to over 70+ active global counterparts.
5. Collaborate across teams and lead technology implementationsand enhancements;
6. Lead in the development and implementation of, andcompliance with, changes to TREAL procedures, processes, and standards.
7. Develop training and skill enhancementinitiatives (e.g., through presentations, seminars, and workshops) to transferglobal knowledge and experience for various client advisory projects.

Selection Criteria

1. Masters Degree in Finance, Economics, Accounting, or related business discipline with at least 5 years of experience. Professional certifications such as a CFA will be a plus.
2. Treasury experiences preferably in securities and derivatives operations, including settlement, documentation, Swift messaging, and policy management areas.
3. Experience working with multiple depositories, custodian banks and clearing brokers is a plus.
4. Strong quantitative and qualitative analytical skills, including Excel skills.
5. Command over business-related IT development or IT technology projects, also with user acceptance testing and its related documentation. 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 Treasury systems (Summit, Murex, Markitwire etc.) and Python, 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 communication (written and oral) 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.

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 theWorld BankandIFC, 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.