E T Consultant
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Job #: |
req32850 |
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Organization: |
World Bank |
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Sector: |
Treasury |
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Grade: |
EC1 |
| Term Duration: | 1 year 0 months |
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Recruitment Type: |
Local Recruitment |
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Location: |
Washington, DC,United States |
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Required Language(s): |
English |
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Preferred Language(s): |
Proficiency in a second language is a plus |
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Closing Date: |
5/3/2025 (MM/DD/YYYY) at 11:59pm UTC |
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.
***These positions are open for internal (through
a DAIS) and external (ETC) candidates.***
***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. ***
The World Bank Group (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.
The World Bank uses financial resources and extensive experience to help our
client countries to reduce poverty, increase economic growth and improve the
quality of life. The World Bank 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. More than 190 countries participate in at least
one of the five World Bank Group (“WBG”) institutions, each of which
specialize in different aspects of development: the International Bank for
Reconstruction and Development (IBRD), the International Development
Association (IDA) (IBRD and IDA together also referred to as the “World Bank”
or the “Bank”), the International Finance Corporation (IFC), the Multilateral
Investment Guarantee Agency (MIGA), the International Centre for Settlement
of Investment Disputes (ICSID).
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 & Investment Management, Client Asset Management and Advisory,
and Treasury Operations.
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 $250 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 collaborate with
other Departments across the Bank and Finance Partners teams.
Treasury Operations is the Department (TREOP) which provides a
full range of middle and back-office support for Treasury’s asset management,
capital markets and banking functions. The Department is organized in three
operational units: Asset and Liability Operations (TREAL), Banking Operations
(TREBK), and Quantitative Solutions and Analytics (TREQA), supported by a TRE
Technology Coordination function (TREFT)).
The Treasury Asset & Liability Operations team
(TREAL) team is responsible for supporting more than $ 400 billion and $600
billion in outstanding debt and derivatives transactions over their life
cycle respectively for the IBRD, IDA, and more than 60 client portfolios. The
team manages relationships with clients, broker dealers, custodians, agents,
market counterparts, and technology vendors. In addition to managing the
day-to-day operations, TREAL staff lead the research, coordination, and
implementation of new products and markets across Treasury. The team has a
heavy focus on, and takes a leadership role in, evaluating and deploying the
latest products and technologies (core trading platforms and new initiatives
and technologies like CBDC, blockchain, AI, robotics, etc.) to create
efficiencies, reduce risk, and advance thought leadership amongst WB’s peers
and clients. TREAL staff participate in capacity building programs for
clients in these areas of expertise. TREAL staff recently co-led award-winning projects to
develop and deploy AI solutions for better cash management and use blockchain
technology and CBDC to issue innovative digital bonds. In recognition of
their efforts to advance capital markets and asset management, the TREAL team
has received several industry awards including for “Innovation in Reserves
Management” (2021) and “Asset Servicing Initiative of the year” (2023 and
2025). The team has twice been shortlisted for “Operations Team of the Year”
award (2023 and 2024).
TREAL staff members are located in the
Bank’s Washington DC headquarters, in the Shared Service Centers in Chennai,
India and in Sofia, Bulgaria.
Duties and Accountabilities:
The candidate’s primary responsibilities will include, but are not limited to, some combination of the following activities:
• Use technology tools (AI, Machine Learning, and programing languages like Python) to perform and automate various facets of post-execution activities for fixed income (fixed and floating rate bonds, MBS, ABS), derivatives (futures, options, swaps), and cash products (repo, Money-market, FX);
• Work closely with traders and colleagues in Accounting, Banking, Credit, Development Finance, Legal, Technology, and Valuation units internally, as well as with Counterparts, Custodians, Futures Commission Merchants, and Calculation, Collateral and Fiscal Agents externally.
• Ensure cash management and settlement of fixed income and derivatives portfolios and resolving rate discrepancies and cash disputes for 70+ internal and client portfolios.
• Perform various daily and monthly collateral management tasks and working as an integral part of the team in monitoring and managing the institution’s credit exposure to over 70+ active global counterparts.
• Assist in the development and implementation of, and compliance with, changes to TREAL procedures, processes, and standards.
• Develop training and skill enhancement initiatives (e.g., through presentations, seminars, and workshops) and join missions to transfer global knowledge and experience for various client advisory projects.
Selection Criteria
1. Bachelors degree in Computers, Data Analytics, Finance, Economics, Accounting, or equivalent with at least two years of experience. Professional certifications such as a CFA will be a plus.
2. Strong programing, quantitative, and analytical skills. Experience with AI and Machine Learning projects is a plus.
3. Familiarity with business-related IT development or IT technology projects, also with user acceptance testing and its related documentation. Previous exposure to FinTech related knowledge is a plus.
4. Proven capacity to multi-task, deliver results and respond quickly and effectively to requests. Ability to handle multiple concurrent transactions on a tight timetable, consistent with a high level of client expectations
5. Knowledge of Python and Microsoft tools and applications like Power Query, Power BI, Power Apps, will be a plus.
6. Original thinking / quick learning abilities with strong initiative and drive, as well as attention to details.
7. Good team player with strong communication (written and oral) skills, and commitment to work in a respectful, team-oriented, and multi-cultural environment.
8. Excellent interpersonal and people management skills, with the ability to interact tactfully with clients and/or business associates across all levels, while exercising sound judgement in handling confidential information.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.
Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.
