Financial Officer at World Bank Group

Financial Officer

Description

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 and promoting shared prosperity. 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 and Investment Management, Client Asset Management and Advisory, and Treasury Operations. The Treasury VPU also includes the Risk, Compliance, and Controls Unit. 

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 $205 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 work with other Departments across the Bank and Finance Partners teams.

Asset Management and Advisory (TREAA)

TREAA is responsible for managing over $100 billion of liquidity and fixed income portfolios for Trust Funds (including Financial Intermediary Funds) and over 70 external clients consisting of Central Banks, Pension Funds, Sovereign Wealth Funds, and other Official Institutions. The department is also responsible for providing investment partnership and advisory functions, capacity building, and training under the umbrella of the Reserve Advisory and Management Partnership (RAMP) Program. This department is organized into three units: Asset Management (TREAM), Advisory and Partnership (TREAP), and Product, Knowledge, and Research (TREPK). Learn more about our organization: https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do. 

The Treasury Advisory & Partnership team (TREAP) is responsible for managing the technical advisory for RAMP member institutions, including developing project plans and leading capacity-building activities for official sector asset managers. RAMP engagement managers design, budget, implement, and evaluate annual engagement plans and deliver and coordinate advisory services to RAMP clients. TREAP also services clients and oversees the budget.

The Manager of the Advisory and Partnership Team (TREAP) seeks a dynamic individual with technical expertise, the capacity to work collaboratively with minimal supervision, and excellent communication skills.

Duties and Accountabilities:

The Financial Officer reports to the Advisory Partnership Manager (TREAP). Primary responsibilities will include the following activities: 

1. Provide technical support to RAMP engagement managers, helping them prepare technical advisory missions and ad hoc consultations on various topics related to governance, investment policy, strategic asset allocation, risk, and portfolio management. 
2. Prepare and deliver presentations, case studies, or policy notes.
3. Support the preparation of documents for the Treasury Operations Committee.
4. Contribute to outreach to prospective RAMP clients, supporting activities such as communication and peer reviews. 
5. Prepare briefings for senior management, especially for high-level meetings during the Annual and Spring Meetings.
6. Manage the process for assessing the progress of members' practices annually. 
7. Support data management and reporting.
8. Lead or contribute to additional projects as needed within the department.
9. Significant international travel is required.

Selection Criteria

The successful candidate should have the following qualifications:

1. A master's degree or PhD in Economics, Finance, Statistics, Mathematics, or equivalent. A professional certification, e.g., CFA, would be a plus.
2. Five years of work experience or equivalent combination of education and experience in economics and finance. Some experience with a public or private asset owner or a capital markets department (asset managers, banks, central banks, sovereign wealth funds, pensions, endowments, etc.), or with an international organization, is an asset.
3. Strong background, expertise, and experience in the areas of reserve and/or asset management (governance, investment policies including strategic asset allocation, risk, and portfolio management), and a firm understanding of finance and portfolio theory.
4. Proven experience with policy and decision-making of official institutions is highly desirable.   
5. Strong quantitative and analytical skills. Experience with AI and Machine Learning projects is a plus.
6. Proven ability to manage multiple tasks and lead multiple projects simultaneously, deliver results, and respond quickly and effectively to requests.
7. Highest ethical standards.
8. A high degree of self-motivation, a positive attitude, and the ability and drive to lead and collaborate in a team-based, multi-cultural work environment.
9. Original thinking and quick learning abilities with strong initiative, drive, and attention to detail.
10. Excellent and proven writing skills in English, as well as verbal skills to communicate complex and technical issues in simple terms.
11. Fluency in Spanish, French, or Arabic is highly desirable.

**This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.**

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.