Financial Officer
Apply NowCompany: The World Bank Group
Location: Washington, DC 20011
Description:
Financial Officer
Job #:
req30102
Organization:
World Bank
Sector:
Treasury
Grade:
GF
Term Duration:
3 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Closing Date:
11/15/2024 (MM/DD/YYYY) at 11:59pm UTC
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, visit www.worldbank.org
The World Bank's Twin Goals
The World Bank's goals are to end extremepoverty on a livable planet. Its capacity to fulfill these goals is underpinnedby a Treasury Vice Presidency ("Treasury") widely recognized across the globalcapital markets for its dynamic professionalism and its record of innovation inobtaining outperformance for its clients in all the Treasury's functions.
The World Bank Treasury
Are you inspired by a global mission to endpoverty? Do you want to build a career in finance with a global impact? TheWorld Bank Treasury is one of the few places where you can be on the leading edge offinance as it sits at the only nexus of finance, innovation, and internationaldevelopment. We manage the institution's finances to enable all World Bankoperations and lending. Each year, we issue over $50 billion in bonds,prudently manage over $180 billion in assets, and process over $7 trillion intransactions. Treasury has three departments and a compliance and controls team. Learnmore about our organization: https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do. CMI
The Capital Markets & Investments Department isresponsible for issuing World Bank bonds in the international capital marketsto finance projects World Bank member countries. Treasury borrows over $60billion annually and issued in over 70 currencies and oversees asset andliability management for IBRD and IDA, with over $150 billion AUM. Treasuryalso works with clients on risk management transactions and contributes to theWorld Bank development through innovative financing, risk management solutions,green bonds, and disaster risk management tools like catastrophe bonds. https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do]
CMIAP
The team is responsible for analytics, monitoring, and policyformulations for activities that impact IBRD and IDA's balance sheets. The teamformulates policies, guidelines, and processes that impact the financial riskand income of IBRD and IDA. The team also provides liquidity calculation andreporting and analysis for rating agencies.
https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do]
With us, youwon't just work in financial markets: you'll help create new ones.
The WorldBank Treasury launched a global recruitment campaign to attract the best andbrightest 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.
Withemployees based in Washington, Chennai, Paris, Tokyo, Singapore, and Sofia, theWorld Bank Treasury representsover 50 nationalities, and our leadership team hails from all regions of theworld.We are proud to be an equal opportunity and inclusive employer. We have adedicated and committed workforce and do not discriminate based on gender,race, ethnicity, religion, disability, sexual orientation, or gender identity. Learn more about Treasury'sgreatest strength: its diverse and dedicated staff.
Duties and Responsibilities
The Financial Officer will be a member of CMI's AssetLiability Management and Policy Team (CMIAP) with roles and responsibilitiesoutlined below:
*Provide assessment, thoughts, and insights toTRE management on relevant accounting standards, financial reporting, and bank policy related to new structures and initiatives.
*Act as a liaison between TRE and other areas in finance, legal, trust funds, and other departments to ensure TRE is represented as bank-wide initiatives are developed, and accounting policy is crafted.
*Provide in-depth analytical insights and assess the impact of new initiatives on overall credit rating evaluations. Provide feedback to credit agencies on methodology changes.
*Develop and maintain relationships throughout the finance complex to stay updated on changes in bank policy and accounting standards.
*Liaison with credit rating agencies. Ensure the accuracy and reliability offinancial data submitted to credit rating agencies
Selection Criteria
The successful candidate should have the following qualifications:
*A degree in accounting or a related field is required. CPA or equivalent required.
*7 years+ work experience in conducting accounting and auditing analysis; Prior experience in accounting or finance roles is beneficial. Big 4 or Credit Rating Agency experience is a plus.
*Knowledge of GAAP accounting standards is required.
*Understanding of capital markets, credit agencies, financial, debt and ALM risk management strategies.
*Strong quantitative, organizational, and research skills.
*CFA and/or FRM are a plus.
*Strong computer skills, high command of Microsoft Office, and advanced analysis software.
*Flexibility and willingness to perform a wide range of tasks (including some clerical/administrative when needed).
*Ability to work as a member of a diverse team.
*Networking capabilities with excellent interpersonal and negotiation skills. A high degree of self-motivation, positive attitude, and drive, with the ability to contribute to a team-based work environment.
*Excellent written and verbal communication skills, including the capacity to communicate complex and technical issues with clarity to diverse audiences.
*Fluency in English required.
*Enthusiasm and a commitment to development work.
*Highest ethical standards
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.
Job #:
req30102
Organization:
World Bank
Sector:
Treasury
Grade:
GF
Term Duration:
3 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Closing Date:
11/15/2024 (MM/DD/YYYY) at 11:59pm UTC
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, visit www.worldbank.org
The World Bank's Twin Goals
The World Bank's goals are to end extremepoverty on a livable planet. Its capacity to fulfill these goals is underpinnedby a Treasury Vice Presidency ("Treasury") widely recognized across the globalcapital markets for its dynamic professionalism and its record of innovation inobtaining outperformance for its clients in all the Treasury's functions.
The World Bank Treasury
Are you inspired by a global mission to endpoverty? Do you want to build a career in finance with a global impact? TheWorld Bank Treasury is one of the few places where you can be on the leading edge offinance as it sits at the only nexus of finance, innovation, and internationaldevelopment. We manage the institution's finances to enable all World Bankoperations and lending. Each year, we issue over $50 billion in bonds,prudently manage over $180 billion in assets, and process over $7 trillion intransactions. Treasury has three departments and a compliance and controls team. Learnmore about our organization: https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do. CMI
The Capital Markets & Investments Department isresponsible for issuing World Bank bonds in the international capital marketsto finance projects World Bank member countries. Treasury borrows over $60billion annually and issued in over 70 currencies and oversees asset andliability management for IBRD and IDA, with over $150 billion AUM. Treasuryalso works with clients on risk management transactions and contributes to theWorld Bank development through innovative financing, risk management solutions,green bonds, and disaster risk management tools like catastrophe bonds. https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do]
CMIAP
The team is responsible for analytics, monitoring, and policyformulations for activities that impact IBRD and IDA's balance sheets. The teamformulates policies, guidelines, and processes that impact the financial riskand income of IBRD and IDA. The team also provides liquidity calculation andreporting and analysis for rating agencies.
https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do]
With us, youwon't just work in financial markets: you'll help create new ones.
The WorldBank Treasury launched a global recruitment campaign to attract the best andbrightest 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.
Withemployees based in Washington, Chennai, Paris, Tokyo, Singapore, and Sofia, theWorld Bank Treasury representsover 50 nationalities, and our leadership team hails from all regions of theworld.We are proud to be an equal opportunity and inclusive employer. We have adedicated and committed workforce and do not discriminate based on gender,race, ethnicity, religion, disability, sexual orientation, or gender identity. Learn more about Treasury'sgreatest strength: its diverse and dedicated staff.
Duties and Responsibilities
The Financial Officer will be a member of CMI's AssetLiability Management and Policy Team (CMIAP) with roles and responsibilitiesoutlined below:
*Provide assessment, thoughts, and insights toTRE management on relevant accounting standards, financial reporting, and bank policy related to new structures and initiatives.
*Act as a liaison between TRE and other areas in finance, legal, trust funds, and other departments to ensure TRE is represented as bank-wide initiatives are developed, and accounting policy is crafted.
*Provide in-depth analytical insights and assess the impact of new initiatives on overall credit rating evaluations. Provide feedback to credit agencies on methodology changes.
*Develop and maintain relationships throughout the finance complex to stay updated on changes in bank policy and accounting standards.
*Liaison with credit rating agencies. Ensure the accuracy and reliability offinancial data submitted to credit rating agencies
Selection Criteria
The successful candidate should have the following qualifications:
*A degree in accounting or a related field is required. CPA or equivalent required.
*7 years+ work experience in conducting accounting and auditing analysis; Prior experience in accounting or finance roles is beneficial. Big 4 or Credit Rating Agency experience is a plus.
*Knowledge of GAAP accounting standards is required.
*Understanding of capital markets, credit agencies, financial, debt and ALM risk management strategies.
*Strong quantitative, organizational, and research skills.
*CFA and/or FRM are a plus.
*Strong computer skills, high command of Microsoft Office, and advanced analysis software.
*Flexibility and willingness to perform a wide range of tasks (including some clerical/administrative when needed).
*Ability to work as a member of a diverse team.
*Networking capabilities with excellent interpersonal and negotiation skills. A high degree of self-motivation, positive attitude, and drive, with the ability to contribute to a team-based work environment.
*Excellent written and verbal communication skills, including the capacity to communicate complex and technical issues with clarity to diverse audiences.
*Fluency in English required.
*Enthusiasm and a commitment to development work.
*Highest ethical standards
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.