Do you want to build a career that is truly worthwhile? The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges.
The World Bank Treasury:
Are you inspired by a global mission to end poverty? Do you want to build a career in finance with a global impact? The World Bank Treasury is one of the few places where you can be on the leading edge of finance as it sits at the only nexus of finance, innovation, and international development. We manage the institution's finances to enable all World Bank operations and lending. Each year, we issue over $50 billion in bonds, prudently manage over $180 billion in assets, and process over $7 trillion in transactions.
Departments & Teams:
Treasury has three departments and a compliance and controls team.
With us, you won't just work in financial markets; you'll help create new ones.
The World Bank Treasury launched a global recruitment campaign to attract the best and brightest talent in the world. We encourage you to learn more about Treasury, its organization, people, and careers .
Poverty has no borders, and neither does excellence.
With employees based in Washington, Chennai, Paris, Tokyo, Singapore, and Sofia, the World Bank Treasury represents over 50 nationalities, and our leadership team hails from all regions of the world. We are proud to be an equal opportunity and inclusive employer. We have a dedicated and committed workforce and do not discriminate based on gender, race, ethnicity, religion, disability, sexual orientation, or gender identity. Learn more about Treasury's greatest strength: its diverse and dedicated staff.
Capital Markets and Investments:
Within Treasury, the Capital Markets, Investments (CMI) department is responsible for managing annual funding programs for IBRD (approx. $55-65 billion) and IDA (approx. $10-15 billion) and building sustainable capital markets, managing liquid asset portfolios for IBRD and IDA (approx. $115-125 Billion), and the asset and liability management aimed at reducing risk on IBRD and IDA's balance sheets.
CMI also advises clients on loans and risk management products and structures financial products for development. CMI emphasizes achieving the best possible financial terms within prudent market, liquidity, credit, operational, and reputational risk parameters. CMI is comprised of six teams carrying out these responsibilities. The working environment is fast-paced and dynamic, as the teams regularly deal with new ideas, projects, and challenges.
Financial Products and Client Solutions
The CMIFP team designs and implements financial products and provides advisory services that help clients maximize access to development financing and mitigate risks. The team helps clients find the most suitable financing sources and financial terms for projects.
This includes project teams at different global practices (GPGs), country management units, and government counterparts at the sovereign and sub-sovereign level.
Depending on financing source and financing terms, our clients may be exposed to currency, interest rate and/or refinancing risks.
They may also be vulnerable to natural disasters or commodity price volatility that have severe economic impacts. The World Bank offers a suite of financial products ranging from loans, credits, and guarantees; to risk management products, contingent credit lines, and insurance/reinsurance and derivatives. The CMIFP team also offers advisory services to help our clients on a variety of topics.
Duties and Responsibilities:
The Financial Analyst will be responsible for specific individual tasks/projects and will work as an integral part of the team in executing the CMIFP unit 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:
Support of Client Financial Products activities:
Collaborate with senior bankers in the delivery of customized financial solutions for client countries;
Provide indicative pricing for loan conversions and other risk management products (interest rate fixings, currency conversions, prepayments, etc.);
Support day-to-day interaction with clients on IBRD financial products (loan terms and conditions, pricing, risk management, and conversion options, etc.);
Generate and maintain financial models that illustrate loan specific cash flows, including disbursements and debt service payments;
Produce reports on countries' IBRD loan portfolios;
Draft cost comparison reports on IBRD's lending cost vs. other sources of funding as requested (e.g., for Annual and Spring Meetings);
Assist in analytical work for new product development and support new team initiatives;
Participate along with senior bankers in the delivery of capacity building and training missions on IBRD financial products and financial risk management;
Help senior bankers draft client-specific marketing materials to educate clients on IBRD financial products; and
Conduct ad hoc analytical and financial market research.
Support of Learning, Outreach, and Analysis activities:
Develop and customize presentations on financial products and services;
Assist in preparing and delivering workshops and training events;
Draft case studies, brochures, web content, and briefings for use in meetings with clients and partners;
Support TRE front-office and corporate initiatives with research, writing, and preparation of briefing notes/presentations;
Write, update, and post CMI-related content on websites and online collaboration platforms.
Support the team's engagement reporting:
Compile data and content related to the CMIFP team client engagements;
Draft corporate reporting (weekly, monthly, quarterly, semi-annual, and annual basis).
The Financial Analyst is expected to know or to rapidly become familiar with the menu of financial products and services offered to help clients meet development challenges and goals. After gaining enough experience, the Financial Analyst may have the opportunity to travel on missions with senior staff, who will deliver training to clients in the field. Since the work program of each business unit is dynamic, the work program of the Financial Analyst may also evolve and change throughout the assignment.
Selection Criteria
Do you meet the following selection criteria? If so, we encourage you to apply:
The successful candidate must have the following qualifications:
Master's degree in economics, finance, or related field; or a combination of education and 2 years of relevant experience;
Knowledge of the IBRD financial products or experience with other financial products;
Strong computer skills, a high command of Microsoft Office (Excel, Word, and PowerPoint), and other software such as Bloomberg and Adobe. The ability to program in Visual Basic is a plus;
Strong quantitative, organizational, and research skills;
Flexibility and willingness to perform a wide range of tasks (including some clerical/administrative when needed);
Ability to work, with minimal supervision, as a member of a dynamic, fast-paced team;
Ability to independently set priorities and manage an intense, rapidly changing work program;
Proven ability to work in a multicultural environment;
Familiarity with web editing tools, e.g., Adobe Experience Manager;
Fluency in English and French is required; Portuguese and/or Spanish is a plus;
