Portfolio Manager
Apply NowCompany: The World Bank Group
Location: Washington, DC 20011
Description:
Portfolio Manager
Job #:
req32779
Organization:
World Bank
Sector:
Financial Management
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:
4/30/2025 (MM/DD/YYYY) at 11:59pm UTC
Description
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 and promoting shared prosperity. 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. The World Bank's vision is ending extreme poverty on a livable planet. For more information, visit www.worldbank.org
The Pension and Endowments Department (PEN), which is part of the Treasury Vice Presidency, is responsible for the financial management and administration of the World Bank Group's funded post-retirement benefit plans, including the retirement scheme - the Staff Retirement Plan, the retiree medical and life insurance programs - the Retired Staff Benefits Plan, and other ancillary benefits (the Plans). The Pension Finance Committee (PFC) has oversight responsibility for the financial management of the plans.
The Pension Investments (PENIN) team is responsible for the investment management of the pension plan assets. The key responsibilities include developing the investment strategy, which is outlined in the policy framework and strategic asset allocation and approved by the PFC, and executing the investment strategy through external fund management, ensuring the integration of Environmental, Social, and Governance (ESG) factors. PENIN manages approximately US$40 billion across various asset classes such as fixed income, public equities, private equity, real assets, private credit, and absolute return strategies.
Portfolio managers in PENIN are allocated to a particular team upon entry and may be reassigned to other investment teams at the discretion of the Manager of PENIN in response to business priorities. This portfolio manager position is intended at this stage for the Credit Strategies portfolio.
The portfolio manager's responsibilities, as a member of the Credit Strategies team, will include, among others, portfolio construction, manager selection and fund investment underwriting, as well as monitoring the portfolio of existing managers.
Roles & Responsibilities:
As part of the Credit Strategies Team, the Portfolio Manager will assist and support the investment team in executing its work program. The specific duties will be, but are not limited to, the following tasks:
Assist with managing and supervising an existing portfolio of diversified private credit investments;
Conduct due diligence and underwriting, and prepare documentation for new investments, including investment memos, performance analysis, team assessment, investment strategy, investment thesis, and risks, expected returns, and portfolio fit;
Review and assist in the preparation of performance reporting package on a monthly and quarterly basis (in conjunction with the middle office);
Monitor and remain current on portfolio of existing managers (via manager update reports, calls and meetings);
Maintain and strengthen the group's networks and relationships with general partners and institutional investors in the industry;
Monitor and research overall private and public credit markets;
Assist in reviewing investment proposals and selecting private credit managers;
Assist in preparing presentations for the Pension Finance Committee; and
Assist in additional projects as needed within PEN.
Selection Criteria
1. Advanced degree (Masters preferred), preferably in finance, business or economics.
2. Five years of relevant work experience in finance and investments, with at least two to three years of private credit fund investment-related experience or an appropriate combination of education and relevant experience.
3. Professional Certification such as a CFA and/or CAIA is a plus.
4. Proven quantitative and qualitative analytical and problem-solving skills.
5. Proficiency in Excel, Word, and PowerPoint is required. Familiarity with other quantitative analytical packages is desirable.
6. Creative thinker and quick learner with initiative, drive, and attention to detail.
7. Proven capacity to multi-task, deliver results, and respond quickly and effectively to requests. Ability to work under pressure.
8. Excellent verbal and written communication skills are required. Experience preparing and making presentations is desirable.
9. Good team player with strong interpersonal skills and commitment to work in a team-oriented, multi-cultural environment.
10. Highest ethical standards.
Competencies:
Lead and Innovate - Contribute new insights to understand situations and develops solutions to resolve complex problems. Adapts as circumstances require and manages the impact of own behavior on others in the context of WBG's values and mission. Identifies and pursues innovative approaches to resolve issues.
Deliver Results for Clients - Adds value by constantly looking for a better way to get more impactful results; sets challenging stretch goals for oneself. Immerses oneself in client experiences and perspectives by asking probing questions to understand unmet needs. Demonstrates accountability for achieving results that have a development impact and financial, environmental, and social sustainability. Identifies and proposes solutions to mitigate and manage risks.
Collaborate Within Teams and Across Boundaries - Appropriately involves others in decision-making and communicates with key stakeholders. Approaches conflict as common problems to be solved. Actively seeks and considers diverse ideas and approaches, displaying a sense of mutuality and respect. Integrates WBG perspective into work.
Create, Apply, and Share Knowledge - Leverages the department's expertise and body of knowledge across WBG to strengthen internal and/or external client solutions. Seeks to learn from more experienced staff to deepen or strengthen their professional knowledge and help others to learn. Builds personal and professional networks inside and outside the department unit.
Make Smart Decisions - Seeks diversity of information and inputs, research possible solutions, and generates recommended options. Identifies and understands risks and proposes recommendations. Based on risk analysis, makes decisions on time within own area of responsibility, considering the interests and concerns of stakeholders.
This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.
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 #:
req32779
Organization:
World Bank
Sector:
Financial Management
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:
4/30/2025 (MM/DD/YYYY) at 11:59pm UTC
Description
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 and promoting shared prosperity. 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. The World Bank's vision is ending extreme poverty on a livable planet. For more information, visit www.worldbank.org
The Pension and Endowments Department (PEN), which is part of the Treasury Vice Presidency, is responsible for the financial management and administration of the World Bank Group's funded post-retirement benefit plans, including the retirement scheme - the Staff Retirement Plan, the retiree medical and life insurance programs - the Retired Staff Benefits Plan, and other ancillary benefits (the Plans). The Pension Finance Committee (PFC) has oversight responsibility for the financial management of the plans.
The Pension Investments (PENIN) team is responsible for the investment management of the pension plan assets. The key responsibilities include developing the investment strategy, which is outlined in the policy framework and strategic asset allocation and approved by the PFC, and executing the investment strategy through external fund management, ensuring the integration of Environmental, Social, and Governance (ESG) factors. PENIN manages approximately US$40 billion across various asset classes such as fixed income, public equities, private equity, real assets, private credit, and absolute return strategies.
Portfolio managers in PENIN are allocated to a particular team upon entry and may be reassigned to other investment teams at the discretion of the Manager of PENIN in response to business priorities. This portfolio manager position is intended at this stage for the Credit Strategies portfolio.
The portfolio manager's responsibilities, as a member of the Credit Strategies team, will include, among others, portfolio construction, manager selection and fund investment underwriting, as well as monitoring the portfolio of existing managers.
Roles & Responsibilities:
As part of the Credit Strategies Team, the Portfolio Manager will assist and support the investment team in executing its work program. The specific duties will be, but are not limited to, the following tasks:
Assist with managing and supervising an existing portfolio of diversified private credit investments;
Conduct due diligence and underwriting, and prepare documentation for new investments, including investment memos, performance analysis, team assessment, investment strategy, investment thesis, and risks, expected returns, and portfolio fit;
Review and assist in the preparation of performance reporting package on a monthly and quarterly basis (in conjunction with the middle office);
Monitor and remain current on portfolio of existing managers (via manager update reports, calls and meetings);
Maintain and strengthen the group's networks and relationships with general partners and institutional investors in the industry;
Monitor and research overall private and public credit markets;
Assist in reviewing investment proposals and selecting private credit managers;
Assist in preparing presentations for the Pension Finance Committee; and
Assist in additional projects as needed within PEN.
Selection Criteria
1. Advanced degree (Masters preferred), preferably in finance, business or economics.
2. Five years of relevant work experience in finance and investments, with at least two to three years of private credit fund investment-related experience or an appropriate combination of education and relevant experience.
3. Professional Certification such as a CFA and/or CAIA is a plus.
4. Proven quantitative and qualitative analytical and problem-solving skills.
5. Proficiency in Excel, Word, and PowerPoint is required. Familiarity with other quantitative analytical packages is desirable.
6. Creative thinker and quick learner with initiative, drive, and attention to detail.
7. Proven capacity to multi-task, deliver results, and respond quickly and effectively to requests. Ability to work under pressure.
8. Excellent verbal and written communication skills are required. Experience preparing and making presentations is desirable.
9. Good team player with strong interpersonal skills and commitment to work in a team-oriented, multi-cultural environment.
10. Highest ethical standards.
Competencies:
Lead and Innovate - Contribute new insights to understand situations and develops solutions to resolve complex problems. Adapts as circumstances require and manages the impact of own behavior on others in the context of WBG's values and mission. Identifies and pursues innovative approaches to resolve issues.
Deliver Results for Clients - Adds value by constantly looking for a better way to get more impactful results; sets challenging stretch goals for oneself. Immerses oneself in client experiences and perspectives by asking probing questions to understand unmet needs. Demonstrates accountability for achieving results that have a development impact and financial, environmental, and social sustainability. Identifies and proposes solutions to mitigate and manage risks.
Collaborate Within Teams and Across Boundaries - Appropriately involves others in decision-making and communicates with key stakeholders. Approaches conflict as common problems to be solved. Actively seeks and considers diverse ideas and approaches, displaying a sense of mutuality and respect. Integrates WBG perspective into work.
Create, Apply, and Share Knowledge - Leverages the department's expertise and body of knowledge across WBG to strengthen internal and/or external client solutions. Seeks to learn from more experienced staff to deepen or strengthen their professional knowledge and help others to learn. Builds personal and professional networks inside and outside the department unit.
Make Smart Decisions - Seeks diversity of information and inputs, research possible solutions, and generates recommended options. Identifies and understands risks and proposes recommendations. Based on risk analysis, makes decisions on time within own area of responsibility, considering the interests and concerns of stakeholders.
This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.
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.