The WB Finance & Accounting (WFA) Vice Presidency is responsible for all aspects of the financial reporting, internal control framework for IBRD and IDA, and the extensive Trust Fund/Partnership portfolio of the WB entities. It supports an appropriate fiduciary control framework and administering disbursements for Bank lending and leads the client service function for the WB’s corporate expenses. The Financial Analyst will work as part of a team of professionals to meet the group’s responsibilities as they relate to the accounting and pricing / valuation of financial instruments, and implementation of various projects.
Responsibilities:
Producing and reviewing valuations for financial instruments, utilizing systems and tools such as Numerix OneView, Murex, Summit, CrossAsset XL, etc.
Working knowledge of valuation related set up (master data, Interest rate curve, volatility curve, models) in systems such as Murex, Numerix OneView, Summit, CrossAsset XL, etc.
Analyzing and comparing WB valuations against corresponding counterparty valuations and other alternative information sources.
Preparing and ensuring quality of calculated market data, evaluating data sources, and verifying data reliability for valuations of borrowings and loan portfolios.
Verifying trade set-up and trade modifications.
Working on computation of lending rate.
Applying internal controls effectively and exercising due diligence in performing regular and ad hoc processes; exercising fiduciary responsibility by reviewing policies and procedures and ensuring they are correctly followed.
Identifying, investigating, and resolving system-to-system reconciliation breaks and trade set up discrepancies.
Developing expectations, performing analysis, preparing commentaries, suggesting, and implementing solutions in a proactive manner.
Preparing various financial and management reports, as required by the department or other stakeholders.
Coordinating with external and internal auditors, when required.
Proactively interacting with WFA colleagues and Treasury (TRE) front office business units and other units as required to stay abreast of new / proposed activities that may have accounting, valuation or reporting implications.
Proactively interacting with other financial institutions to ensure that practices adopted are in line with the market practice. Staying abreast of industry best practice as it relates to valuation / accounting of financial instruments.
Identifying opportunities for improvements in current processes, initiating improvements within the system and control framework; working with business and technology teams across locations to implement solutions / improvements.
Leading / participating in institutional projects, business initiatives and new product implementations, as and when required.
Contributing to requirement specification, testing, implementation, and maintenance of systems supporting various portfolios.
Maintaining and developing processes, procedures, documentation, and internal controls around portfolios handled, with the objective of increasing efficiency and accuracy.
Mentoring and training junior staff and performing review of work done by such staff, as and when required.
Requirements:
Bachelor’s degree(s) in Engineering, Mathematics, Physics, Finance, and/or Economics and a minimum of 3 years’ relevant experience or equivalent combination of education and experience.
CFA/FRM and / or CA/CPA/ACCA/CGMA. Master’s degree(s) in Accounting, Finance, and/or Economics may be considered in lieu of CFA/FRM and / or CA/CPA/ACCA/CGMA.
Professional experience with major financial institutions, with practical knowledge of product control functions (such as valuation and accounting) related to financial instruments.
