Financial Assistant

World Bank Group

Chennai, India

Experience: 0 to 3 Years

Skill Required: Accounts and Finance

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. 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, increasing shared prosperity and promoting sustainable development. 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. 

Treasury is the Vice Presidency, reporting to the Managing Director and World Bank Group Chief Financial Officer, performing treasury functions for the IBRD and IDA and, to varying degrees, for other members of the World Bank Group and other public sector investors. Its activities are organized and grouped into the following departments: Capital Markets & Investment Management, Client Asset Management and Advisory, Treasury Client Solutions and Treasury Operations. 

Treasury (TRE) has been a large and significant player in the international financial markets for over seventy years and has achieved a global reputation as a prudent and innovative borrower, investor and risk manager. Treasury is responsible for: (i) managing approximately $185 billion in assets for the World Bank and other official sector investors; (ii) leading IBRD’s and IDA’s triple-A rated financing programs in international and domestic bond and derivative markets; (iii) conducting asset and liability management for IBRD’s and IDA’s balance sheets; (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 interact and collaborate with other Departments across the Bank and Finance Partners teams.

The Treasury Operations Department (TREOP) provides a full range of operational support for Treasury’s asset management, capital markets and banking businesses. The Department is presently organized in four operational units: Asset and Liability Operations (TREAL), Quantitative Solutions and Analytics (TREQA), Cash and Banking Operations (TREBK), and Financial Technology (TREFT).

Duties and Accountabilities:

The Treasury Operations Chennai is an integral part of TREOP and is responsible for a variety of duties providing vital support across all the four operational divisions. It works closely with the Headquarters in Washington D.C.  Under the guidance and supervision of a Team Leader and /or Functional Lead, the selected candidate will be responsible for specific individual tasks/projects and in executing TREOP’s work program, including the following responsibilities:

  • Provide primary assistance in the implementation of the unit's work program.
  • Assist in sourcing and scheduling interviews for open positions in TRECH team.
  • Maintain current distribution lists, phone/address lists of projects and distribute documents for the team;
  • Process SAP transactions that entail preparing travel requests, expense statements, STTs/STCs appointments and payments, reimbursement requests, and other standard SAP transactions as needed.  Monitor expenses, local payments, including staff reimbursements; 
  • Draft and prepare routine correspondences, memos and presentations.  Manage the flow of information and monitoring/following-up on outstanding issues and deadlines;
  • Assist in preparation and logistical planning for various events e.g. conferences, training, workshops, etc.;
  • Liaise and coordinate with Facilities and IT Departments for logistics and IT assets respectively, for TRECH team members and visitors
  • Liaise with the Bank’s travel offices in making travel arrangements for the Chennai staff and the visiting HQ staff including car bookings and verification of invoices;
  • Handle ad hoc duties as they may be assigned.

Selection Criteria

  • A Bachelor’s Degree. At least 1 year of corporate experience and knowledge of local language (Tamil) is desirable.
  • Effective interpersonal and communication skills (verbal and written), including ability to draft a variety of correspondence and edit materials using proper grammar, punctuation and style. 
  • Proficiency in MS Office applications – MS- Word, Excel and Power Point.
  • Willingness and interest to learn and expand job scope in the unit, while being flexible to the team's work program requirements. 
  • Strong team player with ability to interact tactfully and effectively with staff within the unit as well as with other units in a multi-cultural environment and willingness to pitch in and help other team members during peak periods. 
  • Proven ability to work independently, judge priorities and organize work accordingly.  Ability to work under time pressure while handling multiple tasks and willing to work overtime on short notice, should the need arise. 
  • Flexibility to work on Singapore or London shift and observe U.S. holiday calendar will be required to meet reporting deadlines along with willingness to travel to Washington DC for training and team projects.
  • Highest ethical standards.

WBG Core Competencies:

  • Technology and systems knowledge - Exhibits excellent knowledge of Microsoft Office applications and proficiency of technology or/and systems relevant to functional area. 
  • Project and task management - Able to undertake diverse assignments with minimal supervision and resolve competing demands. Demonstrates good organizational skills, can plan and prioritize own work and work of internal clients. 
  • Institutional policies, processes, and procedures - Demonstrates relevant functional knowledge and understanding of institutional priorities, policies, operational and administrative procedures, and people. Able to practically apply and guide others in policy application.  
  • Versatility and adaptability - Demonstrates initiative and motivation to proactively learn new developments in relevant policies, procedures and technology. Is able proactively identify, prevent and/or solve problems. 
  • Client Orientation - Able to interact with clients with discretion and diplomacy. Demonstrates ability to resolve client related issues. Displays understanding of relevant internal and external factors and their impact to the client.  
  • Learning, knowledge sharing and communication - Able to communicate in a constructive and professional manner. Can assist in the preparation of written materials in accordance with WB administrative guidelines and best practices. Able to contribute to unit's knowledge sharing.  
  • Business judgment and analytical decision making - Able to effectively and independently provide general research support. Demonstrates ability to access situation and make sound judgment on action needed.  
  • Drive for Results - Able to take personal ownership and accountability to meet deadlines and achieve agreed-upon results and has the personal organization to do so.  
  • Teamwork (Collaboration) and Inclusion - Collaborates with other team members and contributes productively to the team’s work and output, demonstrating respect for different points of view.