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.
The World Bank Treasury
Are you inspired by a global mission to end poverty? Do you want to build a career in finance with a global impact? The World Bank Treasury is one of the few places where you can be on the leading edge of finance as it sits at the only nexus of finance, innovation, and international development. We manage the institution's finances to enable all World Bank operations and lending. Each year, we issue over $50 billion in bonds, prudently manage over $180 billion in assets, and process over $7 trillion in transactions.
Departments & Teams
Treasury has three departments and a compliance and controls team. Learn more about our organization: https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do.
With us, you won't just work in financial markets: you'll help create new ones.
The World Bank Treasury launched a global recruitment campaign to attract the best and brightest talent in the world. We encourage you to learn more about Treasury, its organization, people, and careers at treasury.worldbank.org/careers.
Poverty has no borders, and neither does excellence.
With employees based in Washington, Chennai, Paris, Tokyo, Singapore, and Sofia, the World Bank Treasury represents over 50 nationalities, and our leadership team hails from all regions of the world. We are proud to be an equal opportunity and inclusive employer. We have a dedicated and committed workforce and do not discriminate based on gender, race, ethnicity, religion, disability, sexual orientation, or gender identity. Learn more about Treasury's greatest strength: its diverse and dedicated staff.
Capital Markets and Investments
Within Treasury, the Capital Markets, Investments (CMI) department is responsible for managing annual funding programs for IBRD (approx. $55-65 billion) and IDA (approx. $10-15 billion) and building sustainable capital markets, managing liquid asset portfolios for IBRD and IDA (approx. $115-125 Billion), and the asset and liability management aimed at reducing risk on IBRD and IDA's balance sheets. CMI also advises clients on loans and risk management products and structures financial products for development. CMI emphasizes achieving the best possible financial terms within prudent market, liquidity, credit, operational, and reputational risk parameters. CMI is comprised of six teams carrying out these responsibilities. The working environment is fast-paced and dynamic, as the teams regularly deal with new ideas, projects, and challenges.
Financial Products and Client Solutions
The CMIFP team designs and implements financial products and provides advisory services that help clients maximize access to development financing and mitigate risks. The team helps clients find the most suitable financing sources and financial terms for projects. This includes project teams at different global practices (GPGs), country management units, and government counterparts at the sovereign and sub-sovereign levels. Our clients may be exposed to currency, interest rate, and/or refinancing risks depending on financing source and financing terms. They may also be vulnerable to natural disasters or commodity price volatility with severe economic impacts. The World Bank offers a suite of financial products ranging from loans, credits, and guarantees to risk management products, contingent credit lines, insurance/reinsurance, and derivatives. The CMIFP team also offers advisory services to help our clients on various topics.
Responsibilities
The Financial Officer will be accountable for the work program as assigned by the department management and will report directly to the TRECI Manager. The responsibilities will include, but not limited to, the following:
• Maintain effective working relationships with:
* Country Management Units, including Directors, Managers, and Leadership Teams;
* Global Practices, including Sector Managers, Task Team Leaders, etc.;
* Other TRE and Finance Partners; IFC, and MIGA; and
* Ministries of Finance and other relevant ministries and agencies within the governments.
• Support staff and clients in understanding and implementing the World Bank financial and risk management products and making available TRE expertise on green and sustainable finance. More specifically:
* Help build staff and client's capacity to address specific debt and risk management needs by understanding and utilizing the full menu of financing and risk management products available;
* Draft and provide inputs for Systematic Country Diagnostic (SCD), Country Climate and Development Report (CCRD) and Country Partnership Framework (CPF), project design, and other operational initiatives;
* Work with sector specialists upstream to evaluate the nature and extent of the financing options required to carry out sector programs/projects
* Coordinate upstream with relevant units in the WBG.
* Work with the Head of the Green and Sustainable Finance Advisory to assist clients in getting familiarized with and delivering our advisory services in this field.
• Assist in disseminating and implementing financial and risk management products and services. This would involve developing and delivering training modules for staff and clients to help them understand the choices of financial terms and conditions and better apply them to specific project needs or the country's financial, debt, and risk management strategies.
• Participating in the design of new or the enhancement of existing World Bank financial and risk management products;
• Provide guidance and mentor more junior staff.
Selection Criteria
The successful candidate must have the following qualifications:
1. Master's degree in economics, finance, or a related field with at least 5 years of experience in a multilateral organization or financial institution dealing with sovereign entities. CFA or FRM designation desirable. Work experience with a demonstrated commitment to the development mission of the World Bank;
2. Good knowledge of Bank operations and lending instruments, financial and risk management products, and TRE advisory services;
3. Ability to network, excellent interpersonal and negotiation skills. A high degree of self-motivation, positive attitude, and drive, with the ability to contribute to a team-based work environment;
4. Ability to identify financial, debt, and risk management needs and help clients use financial and risk management products;
5. Experience developing and implementing innovative solutions and providing a responsive and proactive approach to clients' needs;
6. Excellent written and verbal communication skills, including the capacity to communicate complex and technical issues with clarity to diverse audiences;
7. Ability to mentor, coach, and motivate junior colleagues;
8. Fluency in English and French required; Spanish and Portuguese desired is a plus;
9. Highest ethical standards.
If the selected candidate holds a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3 years 0 months term appointment.
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.
This vacancy is archived.