IT Analyst, Capital Markets bei World Bank Group

IT Analyst, Capital Markets

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

ITS vice Presidency Context

The Information and Technology Solutions (ITS) Vice Presidency is the World Bank’s central function for the provision of information and technology services to the Bank’s business units. The overarching objective of the ITS function is to provide necessary information systems and technology to support the Bank at all global locations.  The management of business solutions, the underlying technology infrastructure and most of the end-user IT services is centralized with ITS. ITS is structured in a ‘federated’ operating model with dedicated application development and management departments for each of the three Bank business lines namely, Operations and Knowledge, IFC Corporate Information and Technology (CIT), Finance, and Corporate Functions (also supports MIGA and ICSID).  Each of business line application departments is led by a CIO who works closely with a business line governance group to align the systems investment portfolio with the business priorities.  Shared services of underlying infrastructure and applications platforms are provided by the Enterprise Architecture unit and the Technology Engineering and Infrastructure department.   ITS also provides shared services to IFC.

WBG Finance ITS Unit Context

WBG Finance (ITSFI) is responsible for providing high quality, streamlined information and technology solutions for the World Bank’s Financial services, which include Corporate Finance, Risk Management, Controls, Treasury, Loans, Accounting, and Concessional finance (managing donor contributions from inception to the point of final disbursement, including IDA, Financial Intermediary Funds and Trust Funds). ITSFI is additionally responsible for building its IT services using a shared platform that provides scale, leverage, reliability, and control while at the same time improving responsiveness to emerging business needs.  This position is within WBG Risk Management and Analytics (ITSRA), the division of ITSFI responsible for IT services for all World Bank Group Risk Management functions across multiple vice presidencies in IBRD and IFC.

Job Opportunity

ITSRA is seeking an experienced, motivated and ambitious Business Analyst with extensive experience in Capital Markets domains with primary focus in the areas of Issuances, Valuation, Settlement, Accounting, Liquidity management as well as knowledge of external ratings of securities and financial counterparts.

Core responsibilities include (i) understand business needs as it relates to liquidity management domain with very good knowledge of the WB Loan products, IDA products, Capital market products and Investment products;  (ii) minimize gaps, redundancies, rework, and duplication of effort by coordinating new requirements with Business Sponsors and project governance bodies, (iii) ensure that the product based solutions are executed under ITS’s strategic guidelines (technology standards, development methodology, outsourcing/offshoring… etc.), (iv) gain an in-depth understanding of the business and its underlying processes and data and provide technical leadership to the application support team post product launch  (v) document business requirements in bank standard tools/templates ensuring the requirements meet quality standards, (vi) analyze requirements and various scenarios associated with each requirement, and (vii) prepare test cases, perform systems integration testing, document test results, regression testing, and assist users with User Acceptance testing.

Duties and Accountabilities:

The candidate will actively contribute to transform the business needs into a system that is effective and addresses the business inefficiencies that is sustainable in the long run.  The candidate will understand and assist the technical team in the design and implementation of systems.  

Specific responsibilities include:

1. Act as Business Analyst for Capital Markets line of business within Treasury.  Specifically, this includes Liquidity Management, Issuances, buybacks, derivatives, valuations of issuances/buybacks/derivatives, trade life cycle, accounting, debt allocation as well as applications associated with these capabilities.

2. Build stakeholder consensus and ensure everyone is on the same page, in agreement, and can visualize the solution being proposed

3. Develop business cases, requirements, use cases, test plans, test strategies, test cases, and operational procedures and plans.

4. Coordinate with fiduciary reviewers like Enterprise Architects, OIS by providing them the information using their artifacts and support related security testing.

5. Participate in the procurement of COTS solution where necessary including preparation of Request for Proposals (RFP), cost estimates, benefits realization summary, inputs for procurement committee, and IT Governance.

6. Ability to effectively prioritize requirements and maintain scope on a tight leash

7. Document business processes and workflows

8. Collaborate with Project Managers, Tech Leads, Solution Architects, Developers etc to determine if solutions currently exist (internally or externally) or whether new solutions are feasible to meet business requirements and meet project milestones and timelines.

9. Leverage rapid prototyping approaches to present as-is/to-be processes/workflows and rough designs of the proposed solution

10. Provide overall support to ensure the successful design, testing, and implementation of applications that support the business unit, Also, provide support in developing training materials and conducting training

11. Maintain a comprehensive chronological trail of requirements and agreements and actively contribute to the project change control process. Document and manage issues and actions

12. Participate in the evaluation of new products or initiatives to determine the technology support required

13. Evaluate applications and IT environments, and analyze gaps between current and desired states

14. Propose recommendations based on industry best practices

15. Coordinate with vendors and oversee their deliverables.  (This includes reviewing proposed solutions and delivered code.)

16. Train business users on applications.

17. Uphold established processes and quality standards with respect to Business Analysis.

18. In a post-production environment troubleshoot systems and provide solutions to the business as well as the technical teams.

Knowledge Required and Selection Criteria:

- The nature of this function demands that it be led by a Business Analyst with keen business analytic ability to ensure that opportunities are seized to optimize efficiency, effectiveness (elimination of redundant tasks), and outstanding communication skills.This requires that the candidate have: (i) excellent knowledge of capital markets business; (ii) up-to-date, best practice experience with SDLC; (iii) a robust, cross-functional perspective to be able to bridge the business to information technology gap; and (iv) a perceptive and diplomatic ability to prioritize requirements.

- The candidate must possess a good control of changing corporate objectives in a dynamic marketplace.Moreover, the candidate must exhibit a clear comprehension and appreciation for the postulates and practice of IT Governance.
Candidate must have a deep understanding and experience with Project Management and its many facets.

- In-depth understanding of:

. WB Loans products including IDA products and processes
. Risk management more specifically Liquidity risk
. Treasury & Capital Markets (Fixed-Income & derivatives)
. Trade Lifecycle
               - Trade Capture (Pega, MarkitWire)
               - Settlement & Settlement Messaging (SWIFT)
               - Accounting (In-House Subledger)

. Plain Vanilla & Structured Instruments (Bonds & Swaps with Complex Payouts/Optionality)
. Market Data
. Reporting & Downstream Datamarts
. Front & Back Office Business Processes
. External and Internal Ratings

Selection Criteria

The position demands substantial experience in Risk management domain within a globally-distributed enterprise.  In addition, the candidate is required to have:

* Advanced degree in Computer Science, Finance, MBA or related field, 3+ years of professional experience in Capital markets domain.

* Excellent communication skills (verbal & written).

* Solid experience as a Business Analyst

* Be adept at presenting agreed concepts to senior audiences and ensuring that the business architecture definitions are clear, and signed off, with any assumptions or dependencies clearly identified and mitigated

* Teamwork and Consensus Building: As a multinational, multicultural institution, success at the World Bank requires the ability to negotiate and facilitate trade-offs and build consensus and commitment to a recommended direction among multiple stakeholders, with broadly divergent frames of reference. The candidate must also embrace and foster respect for all, including diversity in age, gender and origin, and have a record of developing and mentoring staff to ensure career development and succession planning.

* Personal Integrity & Effectiveness: Highest personal and professional integrity as demonstrated through strong personal values, as well as consistent words and actions.  Build and sustain strong collegial working relationships, and be comfortable approaching others assertively, responsibly and supportively.

* Proven conceptual, analytical and judgmental skills

* Advanced knowledge of MS Excel and SQL is required

* Excellent personal organization skills and ability to take things to closure without follow-ups

Ideal (additional qualifications)

* CFA candidate or degree in Risk Management.

* Strong Organizational Skills and Business Judgment:  Ability to distinguish between what is and is not critical, and to balance on both strategic and short-term issues. A track record of delivering results under stressful timetables.

* Strategic Vision: Must have a track record of understanding and translating client’s business needs into a coherent IT vision with deliverables.

* Desirable knowledge of VBA, PL/SQL, and reporting tools such as Tableau, Power BI

* Knowledge of a Capital Markets trading system (such as Murex or Summit)

* Knowledge and experience in the area of Project Management

WBG Culture Attributes:

1. Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
2. Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
3. Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.