Financial Officer

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. 

The World Bank’s Twin Goals

• The World Bank’s goals are to end extreme poverty on a livable planet. Its capacity to fulfill these goals is underpinned by a Treasury Vice Presidency (“Treasury”) widely recognized across the global capital markets for its dynamic professionalism and its record of innovation in obtaining outperformance for its clients in all the Treasury’s functions.

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. Treasury has three departments and a compliance and controls team. Learn more about our organization: https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do. CMI
• The Capital Markets & Investments Department is responsible for issuing World Bank bonds in the international capital markets to finance projects World Bank member countries. Treasury borrows over $60 billion annually and issued in over 70 currencies and oversees asset and liability management for IBRD and IDA, with over $150 billion AUM. Treasury also works with clients on risk management transactions and contributes to the World Bank development through innovative financing, risk management solutions, green bonds, and disaster risk management tools like catastrophe bonds. https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do]

CMIAP

• The team is responsible for analytics, monitoring, and policy formulations for activities that impact IBRD and IDA’s balance sheets. The team formulates policies, guidelines, and processes that impact the financial risk and income of IBRD and IDA. The team also provides liquidity calculation and reporting and analysis for rating agencies.
• 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 at treasury.worldbank.org/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.

Duties and Responsibilities

The Financial Officer will be a member of CMI’s Asset Liability Management and Policy Team (CMIAP) with roles and responsibilities outlined below:

• Provide assessment, thoughts, and insights to TRE management on relevant accounting standards, financial reporting, and bank policy related to new structures and initiatives.
• Act as a liaison between TRE and other areas in finance, legal, trust funds, and other departments to ensure TRE is represented as bank-wide initiatives are developed, and accounting policy is crafted.
• Provide in-depth analytical insights and assess the impact of new initiatives on overall credit rating evaluations. Provide feedback to credit agencies on methodology changes.
• Develop and maintain relationships throughout the finance complex to stay updated on changes in bank policy and accounting standards.
• Liaison with credit rating agencies.  Ensure the accuracy and reliability of financial data submitted to credit rating agencies

Selection Criteria

The successful candidate should have the following qualifications:

• A degree in accounting or a related field is required. CPA or equivalent required.
• 7 years+ work experience in conducting accounting and auditing analysis; Prior experience in accounting or finance roles is beneficial. Big 4 or Credit Rating Agency experience is a plus.
• Knowledge of GAAP accounting standards is required.
• Understanding of capital markets, credit agencies, financial, debt and ALM risk management strategies.
• Strong quantitative, organizational, and research skills.
• CFA and/or FRM are a plus.
• Strong computer skills, high command of Microsoft Office, and advanced analysis software.
• Flexibility and willingness to perform a wide range of tasks (including some clerical/administrative when needed).
• Ability to work as a member of a diverse team.
• Networking capabilities with excellent interpersonal and negotiation skills. A high degree of self-motivation, positive attitude, and drive, with the ability to contribute to a team-based work environment.
• Excellent written and verbal communication skills, including the capacity to communicate complex and technical issues with clarity to diverse audiences.
• Fluency in English required.
• Enthusiasm and a commitment to development work.
• Highest ethical standards

Source: https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=30102&site=1