The World Bank has twin goals of ending extreme poverty and promoting shared prosperity. Its capacity to fulfill these goals is underpinned by a Treasury Vice Presidency (Treasury) that is widely recognized for its dynamic professionalism and its record of innovation in obtaining outperformance for its clients in all of the Treasury’s functions.
Treasury is the Vice Presidency performing treasury functions for the IBRD and IDA and, to varying degrees, for other members of the World Bank. Its activities are organized and grouped into six departments: Capital Markets, Investment Management, Pension and Endowments, Quantitative Solutions and Analytics, Treasury Operations and, Financial Advisory and Banking. Treasury has been a large and significant player in the international financial markets for more than fifty years and has achieved a global reputation as a prudent and innovative borrower, investor and risk manager.
Treasury is responsible for: (i) managing approximately $150 billion in assets for the World Bank and other official-sector investors; (ii) leading the World Bank’s triple-A rated financing program in international and domestic bond and derivatives markets; (iii) conducting asset and liability management for the World Bank’s balance sheet; (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 interacts and collaborates with the other departments across the Bank and Finance Teams.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3-year term appointment.
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.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3 year term appointment.
His/her primary responsibilities will include, but are not limited to, some combination of the following activities to support any of the business lines in TRO’s operational division:
• Monitor and process the manual bank statements from the different depository or central banks including follow-up of overdue bank statements;
• Assist in performing daily cash reconciliation for cash flows (in several currencies) of 850+ bank accounts most particularly in exotic currencies;
• Assist in investigating reconciliation differences, posting necessary adjustments for resolution of any differences;
• Ensure that the team’s contact document file on the bank accounts is accurate and updated on as needed basis;
• Assist Chennai team in other routine tasks including administrative tasks as and when required;
• Assist in properly organizing and maintaining the daily, monthly, quarterly and year-end deliverables report sign-offs;
• Effectively communicate with TRO staff and Management both in Chennai and in Washington, D.C. Headquarters on the status of all assigned activities; and
• Ensure that all business processes in the unit are properly documented and complied with.
2. Ability to deal with various third parties such as counterparties, custodians, Central Banks etc. to obtain information.
3. Demonstrated ability to handle a variety of concurrent activities with excellent organization and time management skills, mature judgment and ability to work under pressure.
4. Proficiency in Microsoft Windows applications, namely Microsoft Excel, Word and Power Point.
5. Excellent communication and presentation skills – both verbal and written.
6. High level of initiative, self-confidence and a self-starter; ability to apply a practical matured approach to problem solving with minimum supervision.
7. Demonstrated ability to handle a variety of concurrent activities with excellent organization and time management skills, mature judgment and ability to work under pressure.
8. Strong interpersonal skills, confidence and commitment to work in a respectful, team-oriented and multi-cultural environment.
9. Flexibility to overlap with U.S. hours will be required to meet reporting deadlines along with willingness to travel to Washington DC for training and team projects.
10. Highest ethical standards.
• 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.
• Client Services (TRO) – Contributes successfully to on-site missions or workshops for Treasury clients.
• Process and Infrastructure Development – Makes recommendations to improve efficiency of the accounting, business risk or operations process.
• Operational Risk and Control – Understands the basic concepts of risk management and internal control frameworks.
• Treasury Operations – Adept or expert in processing a suite of transactions such as bonds, FX, or structured transactions, or managing country or transactional 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.
• Drive for Results – Takes personal ownership and accountability to meet deadlines and achieve agreed-upon results, and has the personal organization to do so.
• 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.
• Knowledge, Learning and Communication – Able to research and draft quality written materials or review adherence of written materials prepared by others to administrative requirements. Able to mentor and guide, and organize learning activities within area of assigned responsibilities.
• Business Judgment and Analytical Decision Making – Able to use analytical, problem-solving skills and resourcefulness to make informed and practical decisions to carry out own work. Able to advice on information usage and storage, and policies in the area of assigned responsibilities.