Financial Operations Analyst

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.

• The IFC Controllers Department is responsible for effectively and efficiently managing IFC’s Financial Operations (loan, equity, and short-term finance operations, and back-office treasury support operations), Financial Reporting (including reporting and analysis, portfolio review, investment accounting, and accounting policy), Internal Controls, and Financial Integration, Systems, and Projects. The Department comprises approximately 130 diverse and highly skilled staff based in Washington DC and Chennai.
• The IFC Controller’s Treasury Support Operations Division (CNTTR) provides back-office and accounting services for all IFC Treasury activities. CNTTR also provides operational support in developing IFC Treasury’s new business initiatives and products. The CNTTR team is in Washington, DC (HQ) and Chennai (India) and delivers its work program on a cross-support basis. The team providing cross-support interacts with colleagues in Washington on a day–to–day basis and ensures that the support operations are successfully delivered.
• The units play a key role in the decision-making for and implementation of IT systems and upgrades, as well as in the implementation of new initiatives and financial products to ensure that data is recorded accurately and timely.
• CNTTR has co-located some aspects of its work program to IFC’s Chennai Office (CNTCO), which has recruited staff in the IFC Financial Operations Support team (CNTTS) to deliver this work program. The team provides support and interacts with IFC colleagues in Washington on a day–to–day basis. The IFC Controllers Department seeks a Financial Operations Analyst for Chennai’s IFC Treasury Support Operations unit (CNTTS). This technically specialized position will support the processing of Treasury transactions, including bonds, derivatives, etc. The position requires a working knowledge of treasury products and relevant accounting standards and proficiency in handling multiple systems, including Summit (the front-to-back treasury system), payment processing systems, etc. The selected candidate will be required to work with various team functions and become a fully functional team member within a short timeframe. The position requires the ability to establish productive relationships with staff at all levels within the team and across various units of IFC. The incumbent will report to the Associate Financial Operations Officer in CNTTS, Chennai. The staff should be open to flexible hours and follow the Washington D.C. (HQ) holiday calendar, as the work program involves dealing with global markets.

Roles and Responsibilities

The Financial Operations Analyst will work as part of a team of professionals to meet the group’s responsibilities related to the delivery of back-office and accounting functions for all IFC Treasury activities. Responsibilities will include the following, including –

• Perform trade verification and settlement activities for Treasury transactions, including but not limited to bonds, futures, options, swaps, money-market, and other cash instruments
• Carry out processing and validation activities for ISDA contracts for OTC derivatives
• Perform trade servicing activities, including flow analysis, validation and processing, reconciliation, and troubleshooting of the settlements. This task involves interfacing with market counterparts, custodians, banks, and internal partners as needed
• Investigate and close out all unresolved settlement discrepancies
• Prepare and process a suite of SWIFT messages that support Treasury transactions
• Perform transaction analysis and propose system updates for operations and reconciliation activities
• Build and sustain effective relationships with internal and external partners and clients, including market counterparts, custodians, agents, and banks
• Provide Support to the Murex Project on the LAM Trade Settlement side by performing daily routine deliverables along with project migration activities, as and when required
• Ensure documentation of and compliance with all business processes in the unit
• Continually look for opportunities to improve processes and internal controls
• Act as backup in the absence of other Treasury Support Unit staff, as and when required
• Communicate effectively with IFC Treasury Support Staff and management in Chennai and Washington, D.C. (HQ) on the status of all assigned activities

Selection Criteria

• A master’s degree, preferably with a major in business administration, accounting, finance, or international trade. Professional qualifications such as CA/CPA/ACCA and/or CFA/FRM are a plus
• Minimum four years experience in related fields with a public/private financial institution with a public/private financial institution (including IFC/IBRD) or the finance/treasury function of a public/private corporation. Proven track record in previous position
• In-depth knowledge of fixed income and OTC derivative instruments related to capital market and investment operations
• Good knowledge of trade verification, ISDA confirmation, settlement, and accounting processes in relation to treasury products
• Good working knowledge of Summit (treasury system), Quantum (cash system), Markitwire, SWIFT, and other settlement or confirmation systems is a strong plus
• Ability to contribute to team performance with strong interpersonal and communication skills
• Self-starting, highly disciplined, and team-oriented individual with strong analytical and problem-solving skills
• Fluency in written and spoken English required

Source: https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=28863&site=1