Financial Analyst presso World Bank Group

Financial Analyst

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.

The World Bank is one of the world's largest sources of funding and knowledge for developing countries. The World Bank works in more than 100 developing economies to improve living standards and fight poverty. For each client, the World Bank uses financial resources and extensive experience to help our client countries to reduce poverty, increase economic growth, and improve quality of life. The International Bank for Reconstruction and Development is an original member of the World Bank Group and is owned by 189-member countries whose views and interests are represented by a Board of Governors and a Washington, DC-based Board of Directors. There are five World Bank Group institutions, each of which specialize in various aspects of development: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).

The Pension and Endowments Department (PEN) is responsible for the financial management and administration of the World Bank Group's funded benefit plans. Financial management includes asset management responsibilities and actuarial support. PEN manages about $45 billion US dollars invested across a range of asset classes, including fixed income, public equities, private equity, real assets, absolute return, and credit strategies. The Pension Finance Committee, appointed by the Bank Group President and chaired by the Chief Financial Officer, has oversight responsibility for the financial management of the plans. PEN’s responsibilities also include the delivery of technical assistance on multi- asset class investment management to pension plans, endowments and funds for the future, and the management of the Pension Administration function. PEN identifies, selects, evaluates, and monitors investments, through outside managers, globally.

The Pension Middle Office team (PENMO) under PEN is responsible for providing a full range of functions supporting these investment activities, including the following: i) pension plan operational activities, ii) pension plans financial statements, iii) pension investment performance and attribution, iv) asset class exposure monitoring, v) investment asset pricing and valuation, vi) third-party clients’ reporting, and vii) Operational Due Diligence (ODD).

The World Bank Group is committed to achieving diversity in terms of race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.

Duties and Accountabilities:

The primary responsibilities of the analyst will include, but is not limited to, some combination of the following activities:

• Provide trading and operational support for internally managed trades and derivative settlements, including confirmations, reconciliation, settlement monitoring, and serving as the primary point of contact for post-trade events.
• Resolve and/or escalate daily operational issues with clients, custodians, fund administrators, and other counterparties. Monitor outgoing payments and assist with callbacks. Process corporate actions, income postings, and other administrative matters related to the Plans’ investments.
• Coordinate the onboarding of new managers with the custodian, manage terminations and asset transfers, open new accounts, and assist with various cash management and funding activities.
• Coordinate the class action process with the service provider, monitor class actions internally as part of a team, and keep senior management fully informed of relevant developments.
• Collaborate with the internal legal team, external managers, brokers, issuing companies, custodians, and tax agents to ensure the Pension Plans receive tax relief at source where applicable.
• Monitor key vendor-related operational and financial risks through service level agreements, review of SOC 1 (Service Organization Control) reports, regular calls, periodic contract reviews, and key performance indicators.
• Support the front office’s Environmental, Social, and Governance (ESG) work program by overseeing proxy voting services provided by external vendors.
• Conduct compliance monitoring of Pension investments, including working with custodians and investment managers to identify and report breaches as necessary.
• Support the reporting of the Plans’ funding ratio to counterparties based on internal models.
• Assist with the design, editing, and printing of the annual report by collaborating with internal stakeholders.
• Provide support regarding the hedge fund subscription and redemption processes, ensuring accurate execution, timely documentation, and compliance with fund policies and investor requirements.
• Collaborate with offsite teams to support hedge fund asset class operations and maintain seamless communication for efficient fund administration.
• Leverage technology and systems to synthesize data and drive operational efficiencies.
• Attend to any other duties as may be assigned from time to time.

Selection Criteria

• Bachelor’s degree in finance, accounting, economics, or a general business-related field with a minimum of 3 years of relevant experience; a Master’s degree is a plus.
• Strong quantitative and qualitative analytical skills, with proficiency in Excel, including advanced technical capabilities such as Excel macros and/or programming. Familiarity with Power Query, Power Automate, and interactive reporting tools (e.g., Power BI) is preferred.
• Proven project management skills, particularly in coordinating activities between front, middle, and back offices, and managing the trade cycle involving external custodians, investment managers, and/or trading counterparties.
• Solid understanding of accounting and finance principles and procedures, along with a working knowledge of financial markets and instruments; tax experience is an asset.
• Knowledge of valuation and operational processes related to fixed income, equity, derivatives, and alternative asset classes.

Competencies:

• Financial Market Literacy – Demonstrates understanding of financial market processes; reads and analyzes financial reports and data such as holdings, valuations, performance, compliance, account reconciliations, positions, margin, settlement, and risk reports.
• Investment Operations – Proficient in processing a range of transactions including FX and investment transactions, and/or managing bank accounts and reference data.
• Client Orientation – Capable of building partnership-based working relationships with internal and external clients. Shows independence, initiative, and autonomy in addressing client needs.
• Teamwork (Collaboration) and Inclusion – Works effectively with team members, contributing productively to team outputs while demonstrating respect for diverse perspectives.
• Displays a high level of initiative, self-confidence, and is a self-starter; applies a practical and mature approach to problem-solving with minimal supervision.
• Committed to working in a respectful, team-oriented, and multicultural environment.

**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.