IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2020, we invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit http://www.ifc.org
IFC Treasury and Syndications VPU is the Vice Presidency that performs treasury functions for IFC. It serves two key roles for the Corporation. It oversees the financial health of the organization while seeking ways to stimulate growth in emerging markets. It also offers products and services to IFC’s client companies and institutions, working in close collaboration with IFC’s investment departments.
IFC Treasury has been a large and significant player in the international financial markets for almost 30 years and has achieved a global reputation as a prudent and innovative borrower, investor and risk manager.
IFC Treasury and Syndications is a large and significant player in the international financial markets, it operates globally to deliver on IFC’s strategy to create markets and mobilize private capital for development. The Vice Presidency manages over $100 billion in liquid assets, global market borrowings, and derivatives transactions. It is responsible for strengthening local-currency financing by arranging and executing local-currency and risk-management transactions for clients and raising third-party capital through innovative syndication and mobilization platforms such as the Managed Co-Lending Portfolio Program (MCPP).
The Treasury Valuation and Analytics (Middle Office) Unit:
The TVA is a newly created unit to be housed in Treasury. The TVA will work with Treasury & Syndications, Treasury Risk, and IFC Controller’s to perform its functions. Notwithstanding its placement in Treasury, it will be structured and will function independently of the Treasury Market Operations (CTM), Quantitative Analysis (CTQ), Treasury Clients Solutions (CTC), Syndications Department (CSL), and the Coordination Unit (CU). The Treasury Middle Office will initially be composed of a team of 8 staff, conducting valuation, performance, data management and control functions for all IFC Treasury & Syndications activities.
IFC Treasury Valuation and Analytics is seeking a dynamic and motivated Financial Officer to provide Treasury and Syndications’ Middle Office support. The candidate will oversee daily valuation and pricing calculation, bond price verification, and quarterly valuation for the Treasury Market Operations (CTM) Treasury Risk (CRMTR), and IFC’s Controllers Department (CNT). In addition, the Financial Officer will oversee and the staff managing selected data in relevant Treasury systems while coordinating with CTM, CTQ, CRMTR, and CNT. The officer is also expected to supervise the performance functions of the unit. The Financial Officer will support work in the valuation function of the unit and will participate in the fair valuation responsibility for structured finance transactions that requires and benefit from Treasury client solutions (CTC) structuring expertise.
Duties and Responsibilities:
The Financial Officer’s primary responsibilities will include, but not be limited to the following duties and responsibilities:
• Oversees and runs the valuation models, and check/monitor Summit and model valuation output;
• Validate, troubleshoot and resolve issues;
• Oversees the daily market data downloads, perform validation, troubleshoot errors, maintain manual curves;
• Monitor and address valuation breaks from CP MTM reconciliation;
• Oversee levelling activities for the Front office (as relevant);
• Address inquiries and challenges from Front Office, Treasury Risk, and the Controllers’ departments;
• Provide quarter end valuation completion sign-off to IFC Controller;
• Oversee and assume the fair valuation for the Structured Finance transactions;
• Be an escalation point for colleague performing valuation functions;
• Prepare and maintain documentation of individual and group work;
• Implement productivity enhancing utilities and applications;
• Provide ad-hoc analysis and reporting to clients;
• Keep abreast of the industry’s best practices and technologies used;
• Assist in additional projects as needed within TVA;
• MS or MBA Degree in a relevant discipline (Finance, Business, Engineering, or another quantitative discipline such as Math/Physics/Statistics/Actuarial studies with an equivalent combination of education and experience and 5-7 years relevant work experience in finance and investments such as portfolio management, market or credit Risk, or fixed income product and valuation methodologies;
• Knowledge of fixed income mathematics, derivatives and information technology.
• Strong analytical skills.
• Extensive technical experience with Treasury products, market data and valuation process.
• Working technical knowledge of models and supporting systems.
• Ability to tackle and work-out challenges and find solutions for multiple stakeholders.
• Ability to investigate and troubleshoot issues in any of the valuation components and refer resolution to the appropriate component owner.
• Maintain effective relationships with key stakeholder of valuation process
• Strong communication skills and ability to collaborate broadly
• High degree of motivation to enhance productivity and efficiency using computer system.
• Careful attention to details and reliability of the output.
• Ability to work under pressure.
• Self-motivated and able to work in a diverse global team.
• Excellent communication skills to explain the logic behind the analysis.
• Commitment to the daily production of error-free reports.
• Knowledge of Bloomberg, Reuters, Summit (Misys) will be a strong advantage.
• Proficiency VBA, Python (or other programming language), Oracle (or other RDBMS), SQL, MS Access and Excel in order to maintain and improve existing reporting applications will be a big plus.
• Proven ability to manage projects, deliver against tight deadlines and work
effectively in a virtual working environment.
Key Competencies: – the preferred candidate must demonstrate the following competencies:
• Communication: communicate to effectively share and exchange information. Able to listen actively, obtain necessary input, share ideas, speak persuasively, and convey information in a clear, objective, and concise manner
• Collaboration within teams and across boundaries: collaborate and work with others across World Bank Group to achieve the best results for clients; Actively mentor and train analysts and assistants; Embrace diverse ideas and approaches and proactively share own perspective; Form effective relationships with internal and external counterparts.
• Leadership and innovation: take initiative and be persistent in their drive for results; seek opportunities to improve and implement innovative solutions to problems with others; Identify and pursue innovative approaches to resolve issues and achieve more impactful results; Proactively improve business processes and enhance client solutions; Integrate corporate perspective into work.
• Smart decision making: balance the need for making empirically-based sound decisions with a sense of urgency by making quick, timely, and relevant decisions; be good problem solvers.
• Client understanding and advising: strive to add value to clients in the business; Anticipate IFC’s or client’s needs in the future.
• Technical Knowledge: Leverage information technology systems and applications to improve productivity and efficiency.
• Results for clients: address the needs and challenges of clients; hold themselves accountable and take personal ownership for identifying and managing risks and delivering evidence-based results.
• Knowledge creation, application, and sharing: share their expertise; create and contribute to IFC’s body of knowledge; and efficiently reflect and draw on lessons from colleagues; expand their professional networks in their areas of expertise.
• Broad business thinking: solicit information on IFC’s direction, goals and industry competitive environment to determine how own area can add value to the organization and to clients. Makes decisions and recommendations clearly linked to the organization’s strategy and financial goals.
• Project management: plans, organizes, monitors and controls projects and tasks using appropriate tools, methodologies and processes.
• Analytical thinking: able to breakdown raw information and undefined problems into specific, workable components that in-turn clearly identify the issues at hand. Make logical conclusions, anticipate obstacles and consider different approaches that are relevant to the decision-making process.
• Policies and procedures: understand and apply relevant policies and procedures in executing responsibilities.
• Risks and controls: assess risks and maintain an effective and efficient internal control environment. Able to identify and assess risks, including identification of mitigating controls.
• Information technology and systems: utilize information technology to support business operations.
|Country:||-- United States|
|City, State:||Washington D.C.|
|Closing date:||January 29, 2021|