In performing these functions, the team works closely with internal partners and market counterparts as well as external service providers such as technology vendors, custodians, and paying agents. In addition to these day-to-day responsibilities, the team leads the implementation of new products, markets, and business-related technology solutions. TREAL staff stay at the forefront of experimenting with and developing new technologies and products like distributed ledger technology (DLT, or blockchain) and central bank digital currencies (CBDC) to create efficiencies in the work program, to advise member countries, and for overall capital markets development. TREAL also collaborates with partners across Treasury to participate in capacity building for clients in its areas of expertise. TREAL staff members are located in the Bank’s Washington DC headquarters, in the Shared Service Centers in Chennai, India and in Sofia, Bulgaria.
Duties and Accountabilities:
The candidate’s primary responsibilities will include, but are not limited to, some combination of the following activities:
Perform and provide guidance to junior staff on various facets of post-execution activities for fixed income (fixed and floating rate bonds, MBS, ABS), derivatives (futures, options, swaps), and cash products (repo, Money-market, FX);
Work closely and manage relationships with traders and colleagues in Accounting, Banking, Credit, Development Finance, Legal, Technology, and Valuation units internally, as well as with Counterparts, Custodians, Futures Commission Merchants, and Calculation, Collateral and Fiscal Agents externally.
Oversee and ensure the settlements of fixed income and derivatives portfolios of over 6,500 transactions and resolving rate discrepancies and cash disputes with 70+ counterparties and other Bank clients.
Perform various daily and monthly Collateral Management tasks and working as an integral part of the team in monitoring and managing the institution’s credit exposure to over 70+ active global counterparts.
Collaborate across teams and lead technology implementations and enhancements.
Lead in the development and implementation of, and compliance with, changes to TREAL procedures, processes, and standards.
Develop training and skill enhancement initiatives (e.g., through presentations, seminars, and workshops) to transfer global knowledge and experience for various client advisory projects.
Selection Criteria:
Degree in Finance, Economics, Accounting, or related business discipline with at least 5 years of experience. Professional certifications such as a CFA will be a plus.
Treasury experience preferably in securities and derivatives operations, including settlement, documentation, Swift messaging, and policy management areas.
Experience working with multiple depositories, agents, custodian banks, and clearing brokers is a plus.
Strong quantitative and qualitative analytical skills, including Excel skills.
Command over business-related IT development or IT technology projects, also with user acceptance testing and its related documentation. Previous exposure to FinTech related knowledge is a plus.
Proven capacity to multi-task, deliver results and respond quickly and effectively to requests. Ability to handle multiple concurrent transactions on a tight timetable, consistent with a high level of client expectations.
Knowledge of AI and Treasury systems (Summit, Murex, Markitwire etc.) and Python, Microsoft tools and applications like Power Query, Power BI, Power Apps, will be a plus.
Original thinking / quick learning abilities with strong initiative and drive, as well as attention to details.
Good team player with strong communication (written and oral) skills, and commitment to work in a respectful, team-oriented, and multi-cultural environment.
Excellent interpersonal and people management skills, with the ability to interact tactfully with clients and/or business associates across all levels, while exercising sound judgement in handling confidential information
