World Bank Financial Analyst (2/7)
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.
Treasury is responsible for: (i) managing approximately $160 billion in assets for the World Bank and other official-sector investors; (ii) leading the World Bank's triple-A rated financing program in international and domestic bond and derivatives markets; (iii) conducting asset and liability management for the World Bank's balance sheet; (iv) overseeing the development and outreach related to the financing and hedging products the Bank provides for its developing-country clients; and (v) collaborating with the World Bank member countries to help build their capacity. Staff in Treasury regularly interacts and collaborates with the other departments across the Bank and Finance Teams.
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.
• Perform various facets of post-trade/settlement activities for fixed income securities inclusive of bonds (Fixed, floaters, MBS, ABS), futures, options, swaps, repo, money-market, FX Spot and Forward and cash instruments;
• Perform trade investigation for failed trades and/or compensation claims;
• Perform collateral management activities, which may include calculating exposure, communicating with counterparties, and processing margin for affected accounts;
• Ensure executed trades are accurately captured and flow through trade systems accordingly;
• Perform daily trade and cash reconciliation for traded instruments ensuring the accuracy of holdings and cash movement/projections; and
• Coordinate with clearing brokers to confirm and reconcile daily future trades, pricing, and liquidations including initiating corrective actions;
• Perform Cash management activities to ensure external clients balances are accurate and not over/under invested.
Other Accountabilities
• Participate in Treasury Operations projects and business initiatives as requested;
• Ensure the accuracy and appropriateness of trade data, systems and reporting deliverables;
• Assist in the development and implementation of changes to TRO procedures, processes, and standards. Ensuring that all business processes, procedures and internal controls in the unit are properly documented and complied with;
• Provides assistance for internal and external audits;
• Handling ad hoc duties that may be assigned by the supervisor of the team, or which may arise from other areas of the Treasury Operations Department;
• Quick and accurate response to the internal/external clients query.
Selection Criteria:
• Degree in Commerce, Accounting, Finance or Business Administration with a minimum of 5 years relevant experience in post-execution and settlement of fixed income products. Cash management skill will be an advantage.
• Experience with systems that support trading activities and the processes and controls surrounding the asset management business. Knowledge of SAP, Mysis Summit, SWIFT Alliance System, OMGEO, Sunguard Quantum, and Bloomberg will be an advantage.
• Demonstrated ability to learn new technology quickly and effectively for maximum productivity.
• Strong quantitative and qualitative analytical skills, including excellent excel spreadsheet skills using Pivot tables and vlookups. Ability to develop macros will be an advantage.
• Keen to learn, resourceful and passionate about contributing to Treasury and its clients.
• Quick learner with high level of initiative, drive and attention to details.
• Proven problem-solving skills with capacity to multi-task, deliver high quality results and respond quickly and effectively to requests.
• Excellent communication and presentation skills – both verbal and written.
• Diplomacy and strong interpersonal skills with strong commitment to work in a respectful, team-oriented and multi-cultural work environment.
• Flexibility to work when USD financial markets are open to meet reporting deadlines, and have a willingness to travel as part of his/her work program, may be required.
• Highest ethical standards.
For Corporate Information and to apply to the position, please visit http://bit.ly/2jTIleT. Deadline is February 7, 2017.
The World Bank Group is committed to achieving diversity regarding gender, nationality, culture and educational background. Women are strongly encouraged to apply. All applications will be treated in the strictest confidence.