Back Financial Analyst, Chennai, India

Financial Analyst

Job #: req11335

Organization: World Bank

Sector: Risk

Grade: GE

Term Duration: 3 years 0 months

Recruitment Type: Local Recruitment

Location: Chennai,India

Required Language(s): English

Preferred Language(s): Closing Date: 4/8/2021 (MM/DD/YYYY) at 11:59pm UTC

Description

"Please note this requisition has three positions"

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

The Chief Risk Officer (CRO) Vice Presidency of the World Bank is the core unit responsible for institutional risk oversight, including establishment and monitoring adherence to risk policies and guidelines and risk assessment and reporting to the Board and executive management. Its mission is to enable and support the institution to achieve its goals in a financially sustainable manner. The VPU assists management with identifying and managing group-wide cross-cutting risks, enhancing risk response decisions, reducing financial and operational surprises and losses, seizing opportunities and improving deployment of capital. The CRO Vice Presidency comprises three Departments: 1) Credit Risk (CROCR); 2) Market & Counterparty Risk (CROMC), and 3) Operational Risk (CROOR).

The Credit Risk Department (CROCR) ensures that the Bank's credit risk exposure is commensurate with the risk appetite of stakeholders and strikes the appropriate balance between financial and development objectives. CROCR manages the credit risk inherent in IBRD's loan portfolio. CROCR's core functions include, among others (i) Assessing and rating country credit risk for all IBRD borrowers; (ii) Assessing country eligibility for IBRD resources; (iii) Influencing IBRD's lending strategy and assessing lending plans against lending allocations as established through the exposure management framework: (iv) Anticipating countries that are vulnerable to crises; (v) Participating in arrears workouts for IBRD borrowing countries; (vi) Engaging with the Paris Club of bilateral creditors; and (vii) Ensuring IBRD is adequately for loan losses; and (viii) Assessing/Monitoring the size of credit shocks (unexpected losses) as part of IBRD's capital adequacy framework.

The Operational Risk department (CROOR) is responsible for assisting business units in identifying, assessing, and managing operational risk, including the risk of disruption. CROOR is headed by a Director and has three units: Operational Risk unit, Business Continuity Management unit, and Enterprise Risk Management unit.

The Market & Counterparty Risk Directorate (CROMC) focuses on oversight of risk in four areas: 1) Market Risk, which covers ALM, interest rate, spread (funding and investments) and FX risk 2) Liquidity Risk, which covers the availability/cost of or access to ready liquidity and long-term funding; 3) Commercial (i.e. not sovereign lending) Credit Risk, which includes risks to IBRD resulting from changes in creditworthiness of IBRD's commercial counterparties; and 4) Model Risk, which covers financial risk models in IBRD in terms of model governance.

The Market & Counterparty Risk Directorate (CROMC) is now looking to recruit a number of Financial Analysts to focus on risk measurement, assessment and reporting for key risk areas such as balance sheet risks, equity management, and liquidity and FX risks.

These positions are part of a batch recruitment. The positions are based in Chennai, India and will report directly to the Manager, Market Risk.

Duties and Accountabilities Responsibilities include:

• Collect, evaluate/validate, clearly articulate modeling results and analyze institutional data (including positions and risk metrics) and market data used for risk oversight, in-depth quantitative analysis on all aspects of models including theoretical aspects, model design and implementation as well as reporting.
• Generate and rigorously assess regular reports of key risk metrics such as economic capital, VaR, derivative/swap counterparty exposure and stress tests to support CROMC's daily/monthly/quarterly oversight responsibilities in areas such as liquidity and counterparty exposure.
• Support the production of executive- and Board-level market risk reports, creating graphs and updating portions of text, and in-depth quantitative analyzing/explaining changes in metrics over time.
• Support special projects and ad hoc needs using advanced analytical techniques and statistical modeling in the areas of market and institutional risk analysis, analysis of business scenarios , development of risk new metrics and evaluation of proposed business opportunities and business transactions, including via deployment of latest FinTech tools/techniques.

Selection Criteria

• Advanced degree in Financial Engineering or Mathematics, or equivalent.
• Minimum 1-3 years work experience in complex analytical projects in the area of Finance
• Basic knowledge of fixed income products and markets. Experience with financial derivatives is a plus.
• Direct experience in building complex analytical models, tools and techniques to measure and analyze risks. Working knowledge of models in the financial market realm is a plus.
• Demonstrate strong ability in programming languages/tools used for analytics, data mining with SQL and reporting
• Extensive knowledge of utilizing model estimation tools such as R or Python
• Knowledge of Bloomberg and of downloading Bloomberg data for building market monitoring spreadsheets with VBA is a plus
• FRM, CFA are a plus
• Excellent written and verbal communication skills, with an ability to relay complex data and information in a concise, clear manner
• Strong organizational skills and attention to detail
• Ability to work pro-actively in a small team-driven environment

Competencies

• Analysis & Modeling - Demonstrates in-depth proficiency level sufficient to recommend potential solutions to mitigate currency, price factor or interest rate risks.
• Financial Literacy - Reads, analyzes, and can compile financial statements of other financial documents and can assist, consult or lead others.
• Technical Writing and Presenting - Knows the audience's knowledge of the subject, needs and concerns, and is able to choose the most appropriate medium and to structure the messaging properly.
• Client Orientation - Maintains client relationships in the face of conflicting demands or directions and provides evidence-based advice and solutions based on sound diagnosis and knowledge.
• Drive for Results - Identifies the needed resources to accomplish results involving multiple partners and finds solutions to obstacles affecting key deliverables.
• Teamwork (Collaboration) and Inclusion - Shows leadership in ensuring the team stays organized and focused, and actively seeks and considers diverse ideas and approaches.
• Knowledge, Learning and Communication - Leads in the sharing of standard methodologies, trends, knowledge and lessons learned across units and with clients and partners, articulating ideas verbally and in writing in a clear and compelling way across audiences of varied levels.
• Business Judgment and Analytical Decision Making - Gathers inputs, assesses risk, considers impact and articulates benefits of decisions for internal and external partners over the long term.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.

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