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Financial Operations Analyst

World Bank Group

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Job Description

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Description

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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 in developing countries. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. 
The IFC Controllers Department (CNT) 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 portfolio review, investment accounting and accounting policy), Internal Controls, and Financial Systems, Integration and Projects. The Department comprises approximately 125 diverse and highly skilled staff, based in Washington DC, and Chennai.
The Treasury Support Operations Division (CNTTR) within IFC provides back-office and accounting services for all IFC Treasury activities. CNTTR is additionally responsible for processing and accounting all IFC cash transactions, capital share transactions, and operational support in the development of 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 Quality Assurance team within CNTTR is seeking a Financial Operations Analyst to support IFC Treasury back-office and accounting operations including cash and capital. The position requires working knowledge of treasury products and related accounting, as well as proficiency in handling multiple systems relevant to CNTTR’s businesses. The suitable candidate will have a good understanding of controls and their application to the treasury operation processes. The selected candidate will be required to work across the 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 with all units of the Corporation.
Duties & Accountabilities:
  • Perform trade servicing activities, including flow analysis, validation and processing, 
  • Reconciliation and troubleshooting of the settlements. 
  • Investigate and close out all unresolved settlement discrepancies.
  • Assist in daily and monthly sub-ledger control activities and analysis to ensure accurate and full recording of transactions in accordance with policies and procedures
  • Assist in timely and accurate monthly close process including preparing monthly reports and adjusting entries in sub-ledgers (Treasury, Cash, and Capital)
  • Participate in the testing of processes and systems implementation and/or enhancements related to treasury accounting operations
  • Perform transaction processing of IFC capital shareholder and cash activities
  • Build and sustain effective relationships with internal and external partners and clients, including market counterparts, custodians, agents, and banks
  • Communicate effectively to share information and explain analysis within and outside of the unit
  • Document processes, and controls and checks for accounting operations
  • Seek quality and performance improvement opportunities and solutions
  • Act as back-up in the absence of other CNTTR staff
Selection Criteria:
Education and Experience:
  • Bachelor’s degree(s) in Accounting, Finance, and/or Economics and/or relevant certification CPA/CA/ACCA/CFA and a minimum of 5 years’ relevant experience in accounting and pertaining to financial instruments, loan transactions.
  • Good knowledge of treasury products and back-office operations
  • Good knowledge of treasury accounting, controls, and reporting
  • Good knowledge of Summit, Quantum, and SWIFT is a distinct advantage
  • 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

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