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 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit www.ifc.org
The IFC’s Controllers Department is responsible for effectively and efficiently managing IFC’s Financial Operations (loan, equity and short-term finance operations, and back-office treasury support operations), Financial Reporting (including reporting and analysis, portfolio review, investment accounting and accounting policy), Internal Controls, and Financial Systems, Integration and Projects. The Department comprises approximately 125 diverse and highly skilled staff, based in Washington DC, and Chennai.
The Treasury Support Operations Division within IFC Controller’s Department provides back-office and accounting services for all IFC’s Treasury activities, with its teams located in both Washington, DC (CNTTR) and Chennai, India (CNTTS). The Division also provides operational support in the development of IFC Treasury’s new business initiatives and products. The Division delivers its work program on a cross support basis; the Chennai team interacts with colleagues in Washington on a day–to–day basis and ensures that the support operations are successfully delivered.
IFC Controllers Department is seeking a Financial Operations Analyst in the IFC Treasury Support Operations unit in Chennai (CNTTS). This is a technically specialized position that will support processing operations of Treasury transactions, including bonds, derivatives, etc. The position requires thorough knowledge of treasury products, and particularly ISDA derivatives trade confirmation, as well as proficiency in handling multiple systems, including Summit (the front-to-back treasury system), Quantum, the cash processing system, etc. The selected candidate will be required to work with various team functions and become a fully functional team member within a short timeframe. The position requires the ability to establish productive relationships with staff at all levels within the team and across various units of IFC. The incumbent will report to the Financial Operations Officer in CNTTS, Chennai. The staff should be open to flexible hours and follow the Washington D.C. (HQ) holiday calendar, as the work program involves dealing with global markets.
The Financial Operations Analyst will work as part of a team of professionals to meet the group’s delivery of back-office operations for all IFC Treasury activities.
Responsibilities will include the following:
• Carry out trade verification, ISDA confirmation and settlement activities for fixed income securities and associated derivatives, including but not limited to bonds, futures, options, swaps, repos, money-market, and other cash instruments
• Master’s degree, preferably with a major in business administration, accounting, finance, or international trade. Professional qualification such as CA/CPA/ACCA/CGMA and/or CFA/FRM would be preferred
World Bank Group Core Competencies
The 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.
|Closing date:||October 27, 2021|