World Bank Financial Analyst (1/9)

The World Bank is one of the world's largest sources of funding and knowledge for developing countries. The World Bank 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. The International Bank for Reconstruction and Development is the original member of the World Bank Group and is owned by 189 member countries whose views and interests are represented by a Board of Governors and a Washington, DC-based Board of Directors. There are five World Bank Group institutions, each of which specialize 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 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 for its dynamic professionalism and its record of innovation in obtaining outperformance for its clients in all of the Treasury’s functions. 

Treasury is the Vice Presidency performing treasury functions for the IBRD and IDA and, to varying degrees, for other members of the World Bank. Its activities are organized and grouped into six departments: Capital Markets, Investment Management, Pension and Endowments, Quantitative Solutions and Analytics, Treasury Operations and, Financial Advisory and Banking. Treasury has been a large and significant player in the international financial markets for more than fifty years and has achieved a global reputation as a prudent and innovative borrower, investor and risk manager. 

Duties and Accountabilities: 

The Financial Analyst will have responsibilities for specific individual tasks/projects as well as for working as an integral part of the team in executing TRO’s work program, while maintaining close relationships with the other Treasury departments. His/her primary responsibilities will include, but are not limited to, some combination of the following activities to support any of the business lines in TRO’s operational division.

• Ensure the accuracy and appropriateness of cash accounting data, systems and reporting deliverables; working with the team to perform cash reconciliation for bank accounts, investigating differences stemming from cash processing and/or bank account issues, and communicating findings promptly to ensure proper follow-up and timely resolution of any identified differences and exceptions.

• Work effectively with Chennai staff in performing daily and monthly cash, custody and NAV reconciliation for the asset management business i.e. money market transactions, repos, foreign exchange, buys and sells of fixed income, government and euro bond transactions and asset/mortgage backed securities, supporting both WB and RAMP investment portfolios.

• Liaise with Settlement Operations team, and external custodians to resolve queries related to asset management cash and securities differences.

• Support the RAMP program by acting as the TROIRA team’s primary contact for implementing new and changing RAMP mandates, ensuring that all necessary reference data set-up, additional reconciliation procedures and tasks are performed. 

• Work effectively within the team, as well as with colleagues across business units in applying technical skills and knowledge to support and implement process improvements to the team’s risk management and operational processes.

• Serve as the team lead’s second in command, represent the team in meetings and function as the subject matter expert and first level escalation contact for the team and clients for any cash, custody and NAV reconciliation issues.

• Act as the team’s main contact person for supporting and implementing system and infrastructure changes in the bank that involve the team’s processes and systems.

Selection Criteria: 

1. Master’s degree in Accounting, Finance or Business Administration with 1-2 years relevant experience in the finance industry or Bachelor’s Degree in the same fields with a minimum of 4 years relevant experience in the finance industry.

2. Having a qualified accounting qualification is a strong plus. Strong accounting background with an ability to understand how cash flows and financial instruments flow into and are reported in bank’s financial statements, as well as the relationships between the different balances/line items in the financial statements.

3. Good understanding of financial markets processes, and the ability to read and interpret financial reports including holdings, valuation, performance, compliance, account reconciliations, position and settlement reports.

4. Established track record of developing and supporting process improvements and innovations that enhances the control environment and/or drives more impactful results.

5. Proven experience in working collaboratively across different teams and staff levels, managing projects and initiatives, and making smart decisions that incorporate diverse opinions and inputs and risk analysis.

6. Strong Excel as well as the ability to work through large data sets and analyze, present, and derive trends and insights from the data; Excel VBA skills a plus.

7. Experience with transactions processing systems and reconciliation systems, and a good fundamental understanding of relational databases.

8. Good understanding of ICFR process, risk management and control framework, including the ability to identify risk and control issues and develop mitigating solutions.

9. Highest ethical standards.

For further details and to apply, please go to and under “current job openings” seek vacancy number 162066 . Deadline for applications is January 9, 2017.