Description

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, please visit www.worldbank.org

Junior Professional Associates – Program Description

The Junior Professionals Associate Program (JPA) offers an exceptional opportunity for recent graduates to embark on a professional journey, providing a three-year contract with valuable work experience within a diverse and dynamic environment and the potential of field work experience. The program is an excellent platform to sharpen your existing skills and to develop new ones, all while gaining a profound understanding of the challenges associated with reducing poverty and fostering shared prosperity on a livable planet.

We will provide you with the opportunity to gain entry-level professional experience in a premier development institution, on an Extended Term Consultant (ETC) contract with benefits. For more information, please visit www.worldbank.org/careers/jpa

The following are minimum requirements to be eligible for the JPA program:

• Be 32 years of age or younger

• Hold a bachelor’s degree

• Be fluent in English

The JPA program at the World Bank is a highly competitive initiative. Candidates who are being actively considered for positions may be required to present academic transcripts and professional references. The World Bank’s Human Resources team and hiring team will reach out exclusively to individuals selected for assessment and interviews.

Positions may be in any of the World Bank’s offices worldwide.

ITS Vice Presidency – Financial Engineering (ITSFE)

The Information and Technology Solutions (ITS) Vice Presidential Unit (VPU) enables the World Bank Group to achieve its mission of ending extreme poverty and boost shared prosperity on a livable planet by delivering transformative information and technologies to its staff working in over 150+ locations. For more information on ITS, see this video: https://www.youtube.com/watch?reload=9&v=VTFGffa1Y7w

ITS Financial Engineering (ITSFE) unit provides systems and systems and technology support to mission critical and core financial applications of the WBG, such as Murex and Numerix, which are used to support both investment and funding activities across the World Bank.

Duties and Responsibilities

The Portfolio Analytics team within ITSFE is responsible for supporting and implementing tools to facilitate and enhance risk management analysis and reporting for the World Bank. The team is responsible for developing, testing, and improving on models, tools, and techniques used in support of these efforts.

• Developing models and techniques to develop and test investment strategies, to envision and create new financial products, to manage risk, and to produce scenarios and forecasts for both short- and long-term perspectives on the markets.

• Gather, elicit, and validate business requirements and the preparation of business requirements documents in concise yet comprehensive manner translating business language into appropriate technical terminologies.

• Create financial models to support management of liabilities and assets

• Build and develop complex cash flow models using appropriate software

• Support senior staff in the preparation of IT capital investment fund requests through an agile approach and sustaining the importance (value addition) of such investments.

• Translate results from analysis and models into understandable conclusions.

• Under the guidance of senior ITS staff, partners with business leaders to identify cross-functional opportunities that integrate organizational and technological strategies and integrate client’s specific operational requirements as they relate to the organizational strategy. Provides recommendations and agrees plans that align medium-term needs with strategic goals/objectives.

• Act as a liaison between sponsors, business users, team leads, subject matter experts, project & development teams, and on-premises and offshore vendor resources. Leads meetings with stakeholders to gain in-depth understanding of business needs, spells out business and systems capabilities, and communicate to vendors as appropriate.

• Help decision makes identify opportunities and risks in their lines of business.

• Understands the organizational mission, values, operations and goals and ITS policies and procedures and serves as a resource to other professionals. • Ensures team is compliant and in alignment of the same.

• Drive transformational business performance, productivity, and cost efficiency through world class IT sourcing and vendor management practices to delivering world-class IT

• Contributes new insights to understand situations and develops solutions to resolve complex problems. Adapts as circumstances require and manages impact of own behavior on others in context of WBG’s values and mission. Identifies and pursues innovative approaches to resolve issues.

• Perform backtesting and stress testing on financial models to ensure accuracy and reliability.

• Ability to utilize Business Intelligence tools (Power BI) to represent insights.

• Hands on with the Agile development process and ability to prepare project plans, communicate the plan to stakeholders, and break the work down to trackable tasks.

• In line with the institutional strategy, adoption of the cloud first strategy in the solution design and to assist the teams in coming up with the best approach for Cloud migrations, including architecture evaluation, setting up orchestration for application deployments.

• Analyze financial products, instruments and strategies to identify risks and returns.

Selection Criteria

• Education: Must have a bachelor’s degree in Finance, Engineering, Math Economics, Statistics, Computer Science, or related fields with minimum 3-5 years of relevant professional experience.

• Strong programming skills in languages such as Python, R or MATLAB

• Knowledge of or participation in the development and implementation of business-driven solutions using different technical solutions.

• Experience in the following areas:

o Financial Markets and Securities

o Derivatives

o Fixed Income Models

o Credit Models

o Risk Management

o Portfolio Management

o Machine Learning

o Computer Science/Programming: Python

• Excellent communication and collaboration skills.

• Must be able to work in a global team

• Participate in the entire software development life cycle for various enterprise systems.

OTHER qualifications that will be a plus

• Master’s degree in a technical area (such as Math, Physics or Engineering), quantitative finance field.

• Contributes subject matter expertise and demonstrate the business domain skills for other professionals in their field.

• Knowledge and exposure of AI solutions implementation life cycle, including SME training and validation practices and processes.

• Data analysis and rationalization.

Diversity and Inclusion

The World Bank continually searches for qualified individuals with a diverse set of backgrounds from around the globe. 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, color, ethnicity, sexual orientation, or disability. Individuals with different abilities may be provided reasonable accommodations to perform essential functions and support in receiving other workplace accommodations.

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.