Financial Officer

World Bank, Chennai, India

Skill Required:, Business Development/ Resource MobilizationFinance and Accounts
Preferred Experience: 
7 to 10 Year
Closing Date for Applications: 
5th October, 2020


Job Description

Description

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. For more information, visit www.worldbank.org.

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 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).

Quantitative Solutions and Analytics team (TREQA) is the focal point of quantitative, analytical and reporting support for TRE’s fixed income asset management business. TREQA develops and implements quantitative models, financial solutions and portfolio analytics; the team also provides support in financial accounting, investment performance measurement, investment guideline compliance monitoring to for internal & external clients, as well as related capacity building for central banks, sovereign wealth & pension funds, office of debt management & strategic partners.

Duties and Accountabilities:

The TRE Operations Chennai is an integral part of TRE and is responsible for a variety of duties providing vital support across its operational divisions. It works closely with the Headquarters in Washington D.C. Under the guidance and supervision of a Team Leader, the Financial Officer will have responsibilities for specific individual tasks/projects as well as for working as an integral part of the team in executing TREOP’s work program, while maintaining close relationships with the other Treasury departments.
The Financial Officer will be responsible for, but not limited to, the following:

  • Supervise the work of the TREQA Chennai team and provide adequate back-up to ensure all team’s deliverables and reporting requirements are promptly and accurately met;
  • Responsible for the production and distribution of investment reports and communicate directly with internal and external clients as needed; being able to quickly identify and effectively resolve issues relating to accounting, pricing and valuation of fixed income securities, investment performance measurement and attribution for fixed income portfolio, market and credit risk measurement, and client reporting;
  • Ensure that monthly, quarterly accounting deliverables and reporting requirements are accurate and performed promptly with third-party client activity, conduct accounting close and necessary accounting adjustments for third-party clients;
  • Support daily derivative valuation reasonableness checks and other activities related to investment pricing and valuation, Review Daily Controls and resolve daily system-to-system reconciliations and controls reviews; communicate findings promptly to ensure proper follow-up and timely resolutions of any identified exceptions;
  • Stay abreast of accounting standards (GAAP & IFRS), investment performance and GIPS standard, provide accounting technical advisories in International Financial Reporting Standards (IFRS) on topics;
  • Identify capacity and back-up needs, ensure team is adequately cross-trained and work is equitably distributed among team members;
  • Identify process improvements and create checks and controls by suggesting ways to make processes more streamlined and robust;
  • Assist the Chennai Lead with recruitment and performance assessment initiatives; regularly monitor staff’s performance and foster effective collaboration across the Chennai team;
  • Actively mentor staff for performance and talent development.

Selection Criteria

  • Master’s degree in Business Administration, Accounting, Finance, Engineering or equivalent. CFA, FRM, PRM, CPA and familiarity with fixed income financial instruments are a strong plus. Familiarity with Bloomberg and Summit is highly desirable.
  • At least 7 years of relevant work experience in a financial institution or Big 4 auditing firm including 2 years of prior supervisory (technical oversight/SME or people management) experience.
  • Strong quantitative and qualitative analytical skills, including proficiency in Excel and Excel VBA, Word and PowerPoint is required. Demonstrated ability to manage simultaneous competing demands and deliver on time.
  • Excellent interpersonal communication and presentation skills, including the capacity to communicate and discuss complex technical issues in simple terms both verbally and in writing. Experience in delivering high quality client services within a client-focused environment.
  • A very high degree of self-motivation and drive to high performance, while instilling a culture of fun and care in the workplace.
  • Commitment to work in a respectful, team-oriented and multi-cultural environment.
  • Flexibility to overlap with US hours will be required to meet reporting deadlines along with willingness to travel to Washington DC for training and team projects, if required.
  • Having the highest ethical standards.

Source:https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=8644&site=1


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