Treasury is the Vice Presidency performing treasury functions for IBRD and for other members of the World Bank Group. Its activities are organized and grouped along three departments: (1) capital markets, investments & financial products, (2) asset management and advisory, and (3) treasury operations. Treasury has been a large and significant player in the international financial markets for more than 70 years and has achieved a global reputation as a prudent and innovative borrower, investor, and risk manager. Treasury is responsible for: (i) managing more than $185 billion in assets for the World Bank and other official-sector investors; (ii) leading the World Bank’s financing program in international and domestic bond and derivatives markets; (iii) conducting asset and liability management for IBRD and IDA’s balance sheets; (iv) overseeing the development and outreach related to the financing and hedging products that IBRD and IDA provide for their developing-country clients; and (v) collaborating with official sector institutions of member countries to help build their capacity in asset and public debt management.
Within Treasury, the Capital Markets, Investments & Financial Products department (CMI) 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 places a strong emphasis on 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.
Duties and Accountabilities:
1.Contribute to the testing and implementation of quantitative financial valuation models and tools to facilitate execution of new funding transactions for the Bank portfolios, including but not limited to, bonds and derivatives.
2.Work with relevant teams in the World Bank’s Finance & Accounting department for pre-trade model validation and post-trade verification of new models and/or trade capture templates developed internally or externally in support of funding transactions, including identification of market data requirements, and preparation of required risk analyses and documentation to facilitate the validation and verification processes.
3.Engage, and collaborate with various internal units (Model validation, risk department and Operations) to secure new transaction approval, and address any issues with respect to valuation, collateral, and risk.
4.Contribute to the Treasury Systems development of business requirements, testing of deliverables, and production implementation for all IT system enhancements to support existing and new funding transactions.
5.Contribute to the Capital Markets Department efforts related to LIBOR transitions including but not limited to system reediness and validating valuation results.
6.Contribute to the implementation and testing of market risk or credit risk analytics needed by the Capital Markets department to facilitate execution of funding or any balance sheet optimization analysis.
7.Any other duties as assigned.
Selection Criteria
1.Degree preferably in finance, mathematics, physics or engineering or related field.
2.4+ years relevant work experience in risk & analytics, modelling, and/or financial platform implementation with focus on risk management and financial modeling.
3.Expertise in Murex and/or Numerix Cross Asset / Oneview or similar systems are strongly preferred.
4.Strong theoretical and practical experience with bonds and derivatives instruments.
5.Experience with capital markets, market conventions, and market data.
6.Great teamwork and communication skills.
7.Professional Certification in CFA, FRM, or PRM is a plus.
8.Working experience with one or more programing or scripting languages is a plus.
9.Original thinking and quick learning abilities with strong initiative and drive.
10.Highest ethical standards