Financial Analyst

The World Bank, Washington DC, United States

Skill Required:, Finance and Accounts
Preferred Experience: 
2 years of relevant work experience
Closing Date for Applications: 
22nd February, 2019


Job Description

About the World Bank Group:

Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. In fiscal year 2018, the WBG committed $67 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $24 billion was concessional finance to its poorest members. It is governed by 188-member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.

The WBG consists of five specialized institutions: 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 the Settlement of Investment Disputes (ICSID). The World Bank is organized into six client-facing Regional Vice-Presidencies, several corporate functions and thirteen Global Practices to bring best-in-class knowledge and solutions to regional and country clients.

The World Bank Treasury ("Treasury") is the Vice Presidency performing treasury functions for the IBRD and for other members of the World Bank Group. Its activities are organized and grouped along three segments: asset management, banking and debt management, and capital markets services. 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 more than $185 billion in assets for the World Bank and other official-sector investors; (ii) leading the World Bank's 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 World Bank provides for its developing-country clients; and (v) collaborating with official sector institutions of member countries to help build their capacity in asset and public debt management. Treasury's staff regularly interacts and collaborates with the other departments across the World Bank Group.

The Financial Advisory and Banking Department (FAB) is Treasury's client-facing hub with lead responsibility for coordinating Treasury's advisory services on asset, debt, and risk management to sovereign and sub-sovereign governments, central banks, official sector institutions, as well as development organizations. The department also designs and customizes IBRD's financial and risk management products to help its clients finance development projects and mitigate financial risks. FAB is further responsible for undertaking outreach activities and learning events to build the capacity of clients to use IBRD products and market-based solutions.

The asset management capacity building team (FABRP) within FAB is responsible for delivering capacity building and training to central banks, sovereign wealth funds, national pension funds and supranational organizations under the umbrella of the Reserves Advisory and Management Program (RAMP), grounded in internationally-recognized sound practices. Four teams comprising 30 staff support RAMP activities for FABRP:

  • Engagement managers and subject matter experts: A team of senior staff responsible for maintaining client relationships at the highest decision making levels; understanding clients’ governance frameworks and investment objectives; assessing their governance structure and their investment management infrastructure to meet such objectives; agreeing on project plans to address gaps; and coordinating with other units of Treasury the delivery of the agreed technical assistance program via on-site visits, internships, multi-client workshops, and third-party financial training programs.
  • Client Services: This team is responsible for communications with clients, investment reporting, processing of legal documentation, record keeping and invoicing.
  • Conference and Workshop: Responsible for the organization of over 25 workshops, forums and RAMP’s flagship annual Executive Forum for Senior Officials and Policy makers.
  • Business Solutions: Responsible for developing and maintaining tools and software provided by the World Bank Treasury to support RAMP’s capacity building efforts.

FABRP collaborates with units within the World Bank Treasury to provide RAMP services to clients. These partners include the Investment Management (IMD); Quantitative Solutions, Strategic Asset Allocation and Analytics (QSA); Pensions (PEN); and the Treasury Operations (TRO) departments.

The FABRP team leverages over 60 years of World Bank Treasury’s asset management expertise and forges partnerships with leading official sector asset management institutions around the world to deliver practitioner-led, high quality capacity building programs. It also closely collaborates with other departments in the World Bank Group and the International Monetary Fund (IMF) to ensure that official sector asset management activities are well grounded in sound fiscal, monetary and macroeconomic practices. FABRP also maintains open dialogue and cooperates with the Bank for International Settlements (BIS), multilateral standard setting-bodies, university research centers and the private sector on various aspects of reserves, pension and sovereign wealth fund management practices and principles.

Duties and Responsibilities

During the appointment the main responsibilities of the research analyst will include support of RAMP activities as follows:

  • Conduct data analysis, and empirical and policy research work to contribute to TRE knowledge activities and RAMP/TRE participation in international events, such as surveys, policy notes, white papers, and speeches and presentations for global conferences;
  • Assist in drafting FABRP sections of periodic corporate reports;
  • Provide analytical support to RAMP Engagement Managers (EMs), who are responsible for leading RAMP capacity building efforts with various public asset management clients, such as central banks, sovereign wealth funds, public pension funds and other international financial institutions:
  • Contribute to the preparation of RAMP on-site missions and workshops;
  • Support in the preparation and review of aide memoires and other relevant client-related documents;
  • Work with RAMP business partners and specialists within TRE, relevant World Bank units and other knowledge partners to develop and update workshop and training materials to reflect evolving investment practices and market environment;
  • Support the analysis of client capacity-building progress in line with the parameters set out in the Key Performance Indicators (KPIs); and
  • Assist in analytical work for new investment product development, and enhancement of RAMP’s operational processes.

Selection Criteria

  • Master’s degree in economics, finance or related field with 2-3 years of work experience in finance is a plus.
  • Strong research, analytical, and quantitative skills for data management and empirical/policy research.
  • Excellent communication and presentation skills, both verbal and written.
  • Experience in using programming and specialized software for economic/financial research data analysis and visualization.
  • Demonstrated ability to research, extract, and process economic/financial data from various source systems and repositories, especially Bloomberg, IMF databases, and online sources.
  • Proven ability to handle multiple simultaneous priorities, and work effectively in a team.
  • Strong interpersonal skills and ability to develop productive relationships within and outside the and promote collaboration to achieve the team’s objectives.
  • Flexibly to work on a range of assignments, ability to take initiative and adapt to changing requirements and priorities.
  • Highest ethical standards.

The World Bank Group is committed to achieving diversity in race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply. Women and SSA/CR candidates are strongly encouraged to apply. All applications will be treated in the strictest confidence.

Source:https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=1850&site=1


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