Description
Do you want to build a career that is truly worthwhile? 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 functionsfor 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 approximately $75 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 in 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 administering the Reserve Advisory & Management Partnership (RAMP), including leading and delivering technical advisory and training services for official sector asset managers on all aspects of asset management. Staff design, budget, implement, and evaluate an annual engagement plan and deliver and coordinate advisory services to currently more than 70 RAMP members including 57 central banks, seven public pension plans, ten international finance organizations, and sovereign wealth funds. The team also leads business strategy and outreach to prospective clients for RAMP. Staff also deliver a range of training activities and workshops, design policy fora for senior executives of member institutions, and prepare research and applied research notes on public asset management. Finally, the team manages and monitors all the use of resources, financials, and budgets for RAMP members, negotiates legal documentation, and is responsible for all client communication and documentation.
The Manager of the Advisory and Partnership Team (TREAP) seeks a dynamic individual who combines a broad range of analytical, financial, and operational skills.
Duties and Accountabilities
The Financial Analyst will be a member of the RAMP Financial Management Team in TREAP, which manages and monitors the use of resources and budget and will report to the team lead. The RAMP Financial Management Team is responsible for managing RAMP client revenues and budget allocation. The team also handles various assignments related to procurement and vendor payment transactions. The individual will have a broad range of analytical, financial, and operational responsibilities, which will include, but are not limited to the following:
Controls, Reporting, and day-to-day Accounting
• Prepare resource planning reports, revenues, and expense forecasting, ensuring that accurate and pertinent information is presented; share information and draft relevant documents and responses to the Budget, Performance Review & Strategic Planning (BPS) staff.
• Assist in developing and updating RAMP policies and procedures related to budget and work on RAMP financial planning and reporting for RAMP Revenues, Trust Funds, World Bank budgets, and other sources of funds.
• Advise staff and managers on issues relating to core Resource Management (RM) systems, policies, and procedures.
• Troubleshoot issues in commonly used Bank systems, especially SAP.
• Solve problems related to core advisory areas, including the Time Recording System (TRS) and regular RAMP transactions.
• Design and maintain Excel spreadsheets, supporting the RAMP Financial Management team.
• Draft and articulate business requirement documents related to new business needs, products, and policies. Perform user acceptance testing of new systems and functionality for reporting and forecasting RAMP activities (using the internal RBAT tool).
• Lead/assist/support the response to queries from team leads, senior management, business partners, etc.
• Develop analytics from SAP for management reporting.
• Support the team lead in reviewing financial documents and draft communication to Finance partners, especially BPS, controller, and accounting.
• Implement efficiency-improving utilities and applications as needed.
• Participate in RAMP projects and business initiatives as requested.
• Provide quarter-end reporting to task team lead for review.
• Provide ad-hoc analysis to task team lead and TREAP Manager.
Corporate Procurement and Vendor Payment
• Oversee transactions involving Corporate Procurement and vendor payments and liaise with the GCS Chennai Team on transaction processing.
• Conduct a quality review of incoming requests and ensure that relevant and complete supporting documentation is provided.
• Perform timely follow-up and advise project leads to expedite procurement of goods and services in line with World Bank policies and guidelines.
• Resolve issues with vendors, project leads, and accounts payable on invoice payments and other matters.
• Periodically prepare and analyze reports (i.e., Purchase Order Summary, Procurement Statistics) as a tracking system to monitor outstanding commitments, follow-up actions, and payments, including external client learning expenses (PCards, Events Cards, Purchase Orders, etc.).
• Provide support and advise TREAA staff for all procurement programs including, but not limited to, vendor registration, helpdesk support, eConsultant, eServices, goods receipt, electronic imaging, PCards, etc.
• Lead and prepare documentation on general procurement-related tasks, such as sole source justification, competitive guidelines, and process clarification.
• Support RFP processes by preparing, reviewing, and evaluating vendor responses.
• Review transactions in AdminPortal and SAP to ensure compliance with corporate procurement guidelines, follow-up actions regarding approvals, and pending queries.
• Guide the hiring of STCs and STTs.
Selection Criteria
• Minimum Education: CPA or equivalent designation. Masters in a relevant discipline (e.g., finance, business administration, or accounting) with at least three years of relevant work experience or an equivalent combination of education and experience. Preferable: knowledge of the World Bank’s Trust Funds business is advantageous.
• Experience in performing system user testing, evaluating, and documenting results.
• Hands-on experience with an ERP system – with a strong preference for SAP experience or experience in accounting systems of comparable complexity.
• Strong analytical and quantitative skills for data management.
• Capacity to deliver a substantial and proficient level of work independently.
• Sense of responsibility, integrity, and positive attitude.
• Excellent communication and presentation skills, both verbal and written.
• Experience in financial management, budgeting, and resource planning.
• Knowledge of World Bank policies and procedures, including relevant Staff and Administrative Manuals, Corporate Procurement Guidelines, HR policies and procedures, and Resource Management, including a good understanding or willingness to learn those related to Treasury operations.
• Ability to network and collaborate with colleagues across the Bank's service providers, especially Ask Accounting, Ask Budget, Corporate Procurement, and finance partners.
• Proficiency in Excel and Excel VBA, Word, and PowerPoint are required.
• Positive attitude, high initiative, reliability, and resourcefulness.
• Strong interpersonal skills, confidence, and commitment to work in a team-oriented, multi-cultural environment.
• Creative thinker and quick learner with initiative, drive, and attention to detail.
• Highest ethical standards.
World Bank Group Core Competencies
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.
This vacancy is archived.