Financial Analyst

Financial AnalystJob #:req30241Organization:World BankSector:TreasuryGrade:GETerm Duration:3 years 0 monthsRecruitment Type:Local RecruitmentLocation:Washington, DC,United StatesRequired Language(s):EnglishPreferred Language(s):Closing Date:12/2/2024 (MM/DD/YYYY) at 11:59pm UTCDescriptionThe 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. For each client, the World Bank uses financial resources and extensive experience to help our client countries to reduce poverty, increase economic growth, and improve quality of life. There are five World Bank Group institutions, each of which specialize in various aspects of development: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). The International Bank for Reconstruction and Development is an original member of the World Bank Group and 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.The Pension and Endowments Department (PEN) is responsible for the financial management and administration of the World Bank Group's funded benefit plans. Financial management includes asset management responsibilities and actuarial support. PEN manages about $40 billion US dollars invested across a range of asset classes, including fixed income, public equities, private equity, real assets, absolute return, and credit strategies. PEN's responsibilities also include the delivery of technical assistance on multi- asset class investment management to pension plans, endowments and funds for the future, and the management of the Pension Administration function. The Pension Finance Committee, and chaired by the Chief Financial Officer, has oversight responsibility for the financial management of the plans.The Pension Middle Office team (PENMO) under PEN is responsible for providing a full range of functions supporting these investment activities, including the following: i) pension plan operational activities, ii) pension plans financial statements, iii) pension investment performance and attribution, iv) asset class exposure monitoring, v) investment asset pricing and valuation, and vi) private market portfolio administration.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. All applications will be treated in the strictest confidence.Duties and Accountabilities:The primary responsibilities will include, but is not limited to, some combination of the following activities:• Providing trading/operational support for internally managed trades and derivative settlements, including confirmations, reconciliation, settlement monitoring and acting as a primary point of contact with respect to assisting with other post trade events.• Responsible for resolving and/or escalating daily operational issues with clients, custodians, fund administrators and other counterparties, monitoring outgoing payments / assisting with call backs. Processing of corporate actions, and income possessing, or other administrative matters in connection with investments of the Plans.• Coordination of the new manager on-boarding process with the custodian, manager terminations and/ or asset transfers, opening new accounts, and assisting with various cash management and funding activities.• Coordinating the class action process with the service provider, internal monitoring of class actions as part of a team and keeping senior management fully informed on relevant developments.• Monitoring the key vendor related operational and financial risks through service level agreements, review of SOC (Service Organization Control) 1 reports, regular calls, periodic contract business reviews and key performance indicators.• Supporting the front office's Environmental, Social and Governance work program by completing annual ESG assessment questionaries and with respect to external service providers proxy voting services.• Compliance monitoring of the Pension investments including working with both the custodian and investment managers to understand and/or report breaches where necessary.• Support with respect to the reporting of the Plans funding ratio to counterparts based on internal models.• Assist with the annual report design, editing and printing process by collaborating with internal stakeholders• Perform operational due diligence of prospective investment managers in private market funds across different strategies (i.e., Private Equity, Real Estate, Private Credit, etc.).• Responsible for using technology and systems to synthesize data and achieve efficiencies.Selection Criteria• Bachelor's degree in finance, accounting, economics, or a general business-related field with minimum 3 years of related experience; Professional certification including CA or CPA designation a plus.• Good quantitative and qualitative analytical skills and proficiency in Excel, as well as strong technical proficiency in Excel macros and/ or programing; familiarity with Power Queries, Power Automate, interactive reporting (e.g. Power BI).• Record of accomplishment project management skills in relation to managing activities between the front and back/middle offices and the trade cycle between external custodians, investment managers and/ or trading counterparties.• Knowledge of accounting and finance principals and procedures, and an understanding of financial markets and instruments; tax experience a plus.• Knowledge of valuation and/or operations processes related to fixed income, equity, derivative, and alternative asset classes (including hedge funds, private equity, private credit, real assets, infrastructure, and timber).Competencies:• Financial Market Literacy - Can understand financial market processes; reads and analyzes financial reports and data such as holdings, valuation, performance, compliance, account reconciliations, position, margin, and settlement and risk reports.• Investment Operations - Adept or expert in processing a suite of transactions such as FX or investment transactions, and/or managing bank accounts and reference data.• Client Orientation - Able to establish partnership based working relationships with internal/external clients. Demonstrates independence, initiative, and autonomy in addressing clients' needs.• Teamwork (Collaboration) and Inclusion - Collaborates with other team members and contributes productively to the team's work and output, demonstrating respect for different points of view.• High level of initiative, self-confidence, and a self-starter; ability to apply a practical matured approach to problem solving with minimum supervision.• Commitment to work in a respectful, team-oriented, and multi-cultural environment.• The candidate should be highly organized, detail organized, hardworking and comfortable working in a fast-paced deadline driven environment• Able to communicate clearly and succinctly, interact with colleagues and third parties, prioritize and complete multiple tasks while meeting daily deadlinesThis internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.World Bank Group Core CompetenciesThe 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.