ABOUT THE COMPANY:

non profit

JOB SUMMARY

Description

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. 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.

Background and general description:

Treasury Banking Operations

Treasury Banking Operations (TREBK) is the unit providing banking and payments services for World Bank Group (WBG) entities, as well as IBRD-Trust Funds.  The unit is divided into four teams: Banking Relations (BKR), Cash Management, Static Data and Swift Maintenance (SSM), and Investigation, Accounting and Reconciliation (IRA).  The unit manages the relationships with about 400 correspondent banks and performs account maintenance functions (opening/closing accounts, responding to KYC and other ad hoc requests, bank monitoring activities and periodic service reviews).  The cash management function is performed for accounts in around 150 currencies around the world, ensuring the optimal currency balances to meet payment obligations.  The team is the business owner for the Swift connection to the external financial system and the institution’s central cash management system (Quantum), including their integration with sub-systems used by various WBG units for sending payment requests or receiving cash inflows.  TREBK also manages and reconciles the majority of all WBG bank accounts.

TREBK staff are based in WBG’s Washington DC headquarters, its shared services center in Chennai, India, and in Sofia, Bulgaria.

In performing these cash and account management functions, the team works closely with internal partners and market counterparts as well as external service providers such as technology vendors, banks, and paying agents. In addition to its day-to-day responsibilities, the team supports business units across the WBG in any project or effort involving the flow of cash.

As and when required, the team is also expected to facilitate the implementation of new products, markets, and business-related technology solutions.

The team also participates in capacity building for clients in its related areas of expertise.

We are seeking a dynamic individual to be part of the TREBK team’s Static Data and Swift Maintenance (SSM) function, acting as a subject matter expert for the team responsible for maintaining external payment infrastructure and internal static data to support global banking and payment needs.

The Financial Analyst will report to the Team Lead, TREBK.

Roles and Responsibilities:

The Financial Analyst will have responsibilities for specific individual tasks/projects within TREBK’s Static Data and Swift Maintenance (SSM) team in executing TREOP’s work program, while maintaining close relationships with the other Treasury departments.  His/her primary responsibilities will include, but are not limited to, some combination of the following activities:

·   Providing static data maintenance support for the WBG, process standard requests from internal business units, address and provide solutions to non-standard queries and issues, and perform static data updates within WBG and TRE systems, such as counterparty Standard Settlement Instructions (SSIs), currency holidays and currency code updates, and Swift BIC and domestic payments clearing codes mapping to internal systems.

·   Supporting and maintaining Straight-Through Processing (STP) and business processing rules in the WBG’s treasury management and cash transaction processing system.

Apply expertise in maintaining these rules to enable WBG business units to support new types of transactions, new clients, and/or new counterparties.

·   Effectively managing the process for securely maintaining and sharing WBG’s banking information and Standard Settlement Instructions (SSIs) to internal colleagues and external counterparts.

Ensure that: (1) WBG banking information is accurately updated in a timely manner whenever there is a change in WBG’s banking correspondents, (2) relevant currency-specific payment information is maintained and shared, and (3) non-standard requests and issues are addressed and resolved.

·   Contributing to the team’s role as the business application owners for the WBG’s Swift infrastructure, including: (1) researching and understanding upcoming Swift standards changes and its impact to WBG business processes, (2) performing User Acceptance Testing (UAT) for any Swift application system changes and upgrades, (3) maintaining and updating Swift Relationship Management Application (RMA) with the WBG’s counterparties, and (4) assisting in the periodic Swift users certification review process.

·   Maintaining and enhancing the TREBK team’s database systems and dashboard solutions, ensuring high levels of performance and accuracy.

This includes regular updates and optimizations to support evolving Treasury Banking needs.

Leveraging advanced data analytics to interpret complex datasets, identify trends, and provide actionable insights that support strategic decision-making.

·   Supporting and maintaining effective controls over bank account access through the monitoring and administration of online banking portal access and privileges, and the periodic review and management of the list of WBG staff that have these access.

·   Supporting and maintaining effective controls over the list of authorized officers, their authorities, and delegations across various functions of the WBG’s finance complex, bank accounts, and transactions processing.

·   Assisting in the TREBK team’s role as the Secretariat for a WBG-wide cross-departmental working group focused on financial transaction processing and infrastructure, which includes (1) organizing the agenda, attendance and participation, and presentation materials of the working group’s quarterly meetings, (2) maintaining the working group’s intranet webpage, and (3) publishing a quarterly newsletter.

·   Actively contributing ideas and lead the implementation of process improvements to increase the efficiency, improve the accuracy and enhance the controls over how WBG static data, Swift messaging infrastructure, and authorized officers’ lists are maintained.

·   Preparing and reviewing management reports, including bank briefings, Key Performance Indicators (KPI) reports and other ad-hoc requests for static data related information.

·   Performing other ad-hoc functions and/or acting as the back-up for other team members and assisting with other team deliverables.

Selection Criteria

1.   Fluent in the English language, with strong spoken and written English language skills.

 2.   Master’s degree in finance, Accounting, or related field (Computer Science / Information Systems, Finance, Mathematics) and at least 2 years of relevant experience in the financial services industry, preferably with back-office operations; or bachelor’s degree in Finance, Accounting, or related field and at least 5 years of directly related business experience.

3.   Business-related certifications are a strong plus (CFA, CPA, CA, CTP or equivalent).

4.   Knowledge of and familiarity with treasury business lines and back office operational functions, including banking, payment operations, securities and swaps settlements, and cash management.

5.   Familiarity with treasury systems (e.g., Murex, Quantum, Summit) and with the Swift messaging system and standards is highly desirable.

6.   Strong understanding of the role of static and reference data in Straight-Through Processing (STP), and the risk and controls around automated transaction and payments processing.

7.   Strong proficiency in Excel, Word, and PowerPoint.

Familiarity with Microsoft Power Platform tools (Power BI, Power Automate, and Power Query) is a strong plus.

8.   Strong database management and analytical skills, with a proven track record of effectively manipulating, analyzing, and interpreting large datasets.

Experience with data visualization tools and techniques is highly desirable.

9.   Demonstrated ability to manage simultaneous competing demands to deliver on-time.

10. Demonstrated analytical and critical-thinking abilities.

11. Demonstrated ability to learn quickly and develop innovative solutions to address new challenges or improve existing processes.

12.  Detail-oriented and strong organization skills.

13.  Strong communication skills – both verbal and written.

14.  Demonstrate a high degree of self-motivation, initiative, and accountability.

15.  Reliable team player, a positive attitude, open and collegial work style with strong interpersonal skills and the ability to collaborate in a team-based, multi-cultural work environment.

16.  Strong client focuses and services skills, including the ability to listen, assess and respond to client needs.

17.  Complies with highest ethical standards.

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.

REQUIRED EDUCATION: Bachelor Degree

EXPERIENCE REQUIREMENTS: 60