E T Consultant
Apply NowCompany: The World Bank Group
Location: Washington, DC 20011
Description:
E T Consultant
Job #:
req32932
Organization:
World Bank
Sector:
Treasury
Grade:
EC2
Term Duration:
1 year 0 months
Recruitment Type:
Local Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Second language is a plus
Closing Date:
5/2/2025 (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. For more information, visit www.worldbank.org.
Departments & Teams
Treasury has three departments and a compliance and controls team. Learn more about our organization: https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do.
With us, you won't just work in financial markets: you'll help create new ones.
The World Bank Treasury launched a global recruitment campaign to attract the best and brightest talent in the world. We encourage you to learn more about Treasury, organization, people and careers at https://treasury.worldbank.org/careers.
Poverty has no borders, and neither does excellence.
With employees based in Washington, Chennai, and Tokyo, the World Bank Treasury represents over 50 nationalities, and our leadership team hails from all regions of the world. We are proud to be an equal opportunity and inclusive employer. We have a dedicated and committed workforce and do not discriminate based on gender, race, ethnicity, religion, disability, sexual orientation, or gender identity. Learn more about Treasury's greatest strength: its diverse and dedicated staff.
Treasury is the Vice Presidency, reporting to the Managing Director and World Bank Group Chief Financial Officer, performing treasury functions for the IBRD and IDA and, to varying degrees, for other members of the World Bank Group and other public sector investors. Its activities are organized and grouped into the following departments: Capital Markets & Investment Management, Client Asset Management and Advisory, and Treasury Operations.
Treasury has been a large and significant player in the international financial markets for over seventy years and has achieved a global reputation as a prudent and innovative borrower, investor, and risk manager. Treasury is responsible for: (i) managing approximately $240 billion in assets for the World Bank and other official sector investors; (ii) leading IBRD's and IDA's triple-A rated financing programs in international and domestic bond and derivative markets; (iii) conducting asset and liability management for IBRD's and IDA's balance sheets; (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 interact and collaborate with other Departments across the Bank and Finance Partners teams.
Treasury Operations (TREOP) is the Department which provides a full range of middle and back-office support for Treasury's asset management, capital markets and banking functions. The Department is organized in three operational units: Asset and Liability Operations (TREAL), Banking Operations (TREBK), and Quantitative Solutions and Analytics (TREQA), supported by a TRE Technology Coordination function (TREFT).
The Quantitative Solutions and Analytics (TREQA) team serves as the focal point for quantitative, analytical, and reporting support within TRE's asset management and capital market activities. TREQA is responsible for developing and implementing quantitative models, financial solutions, and portfolio analytics. The team key expertise includes valuation of derivatives, market and credit risk, financial accounting, investment performance, and investment guideline compliance. The team also provides advisory and capacity building for central banks, sovereign wealth Funds, pension funds & strategic partners.
Duties and Accountabilities:
The ETC will have responsibilities for specific individual tasks and for working as an integral part of the team in executing TREQA's work program. The primary responsibilities of the ETC will include, but not be limited to:
Quantitative modeling: Support the design, development and implementation of the quantitative models and analytical tools for fixed-income portfolios. Typical modeling work includes development of multi-factor yield curve models, analytical/simulation models for projecting asset class returns, performance attribution models and portfolio construction/optimization models capturing trade-offs between return and risk.
QAA enhancements and Performance attribution: Provide technical assistance and documentation on the performance attribution framework and related system implementation in QAA.
MBS analytics: Provide peer review, model validation and documentation on the newly developed MBS analytics, including MBS prepayment modeling, MBS attribution and new MBS risk report.
Risk and performance: Provide peer review and technical assistance on the current and the future state of portfolio analytics (including market risk, credit risk, performance analytics), current library of investment reports, risk and performance system solutions.
Mentor/guide/coach junior team members.
Selection Criteria
1. Advanced degree in financial mathematics, financial economics, or related discipline with at least 10 years relevant work experience in investment management, preferable in quantitative function
2. Proven quantitative and qualitative analytical skills including in-depth knowledge of financial instruments, econometric and financial modeling techniques, and Monte Carlo simulation techniques.
3. Strategic vision and knows the priorities. Proven capacity to multi-task, deliver results and respond quickly and effectively to requests.
4. Working experience with one or more of the programming languages such as Python, Matlab, VBA, SQL, and C.
5. Demonstrated professional leadership and ability to lead, coach, and mentor junior staff.
6. Good team player with strong interpersonal skills, and commitment to work in a team-oriented, multi-cultural environment.
7. Professional certification in CFA or equivalent is a plus.
Competencies:
Effective WBG staff rapidly and readily share their expertise - Client solutions, leverages 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 helps others to learn. Builds personal and professional networks inside and outside the department unit.
Client Understanding and Advising - Looks at issues from the client's perspective and advocates for clients within own area as well as urges others to focus on meeting client needs. Works with others across the VPU to define client needs and develop the best approach to meet client needs (e.g., finds appropriate solutions and negotiates internally for needed resources and support.
Broad Business Thinking - Maintains an in-depth understanding of the long-term implications of decisions both for related areas within the VPU and the client's business. Involves the key players in identifying operating needs, issues and immediate solutions. Ensures that decisions are supported by relevant stakeholders and creates the business case for investment in process and enhancements. Sets clear explanations for the integration and alignment of services/solutions with business functions, focusing on the strategic value provided for area of responsibility within the client's business.
Analytical Thinking - Coordinates the information gathering and reporting process. Reviews trends and compares to expectations. Conducts research to define problems and prepares responses to anticipated questions. Prioritizes multiple issues and opportunities. Identifies relationships and linkages within several information sources. Anticipates issues that are not readily apparent on the surface. Identifies root causes and effects. Defines priorities within performance objectives. Reports and identifies areas that need guidance to resolve complex issues. Anticipates the possible outcome of potential solutions.
Policies and Procedures - Demonstrate thorough knowledge of policies and procedures in related fields. Provide training and guidance to junior staff in enhancing their understanding of relevant policies and procedures. Lead by example and serve as the best practice champion in applying pertinent policies and procedures.
Risk and Controls - Lead by example and serve as best practice champions in completing internal control procedures, including understanding impact beyond own immediate functional areas. Provide constructive inputs to the design, implementation and improvement of risk and internal control procedures for stand-alone end-to-end processes based on understanding of the business. Assess impact of potential control risks and propose mitigating control procedures as appropriate, with balanced efficiency and effectiveness results within any given processes.
Information Technology and Systems - Leverage information technology systems and applications to improve productivity and efficiency. Provide inputs to IT system enhancement efforts based on day to day working experience and knowledge of the systems.
Communication - Adapt the communication style appropriate for the intended audience. Adopt an inclusive approach to communication as is appropriate to the situation, to ensure adequate stakeholder participation. Present information effectively and encourage feedback.
**This internal requisition is open to WBG and IMF staff only (includingshort-term and extended term consultants/ temporaries). External candidates arerequested not to apply. In case an external candidate applies, theirapplication will not be considered.**
World Bank Group Core Competencies
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.
Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.
Job #:
req32932
Organization:
World Bank
Sector:
Treasury
Grade:
EC2
Term Duration:
1 year 0 months
Recruitment Type:
Local Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Second language is a plus
Closing Date:
5/2/2025 (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. For more information, visit www.worldbank.org.
Departments & Teams
Treasury has three departments and a compliance and controls team. Learn more about our organization: https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do.
With us, you won't just work in financial markets: you'll help create new ones.
The World Bank Treasury launched a global recruitment campaign to attract the best and brightest talent in the world. We encourage you to learn more about Treasury, organization, people and careers at https://treasury.worldbank.org/careers.
Poverty has no borders, and neither does excellence.
With employees based in Washington, Chennai, and Tokyo, the World Bank Treasury represents over 50 nationalities, and our leadership team hails from all regions of the world. We are proud to be an equal opportunity and inclusive employer. We have a dedicated and committed workforce and do not discriminate based on gender, race, ethnicity, religion, disability, sexual orientation, or gender identity. Learn more about Treasury's greatest strength: its diverse and dedicated staff.
Treasury is the Vice Presidency, reporting to the Managing Director and World Bank Group Chief Financial Officer, performing treasury functions for the IBRD and IDA and, to varying degrees, for other members of the World Bank Group and other public sector investors. Its activities are organized and grouped into the following departments: Capital Markets & Investment Management, Client Asset Management and Advisory, and Treasury Operations.
Treasury has been a large and significant player in the international financial markets for over seventy years and has achieved a global reputation as a prudent and innovative borrower, investor, and risk manager. Treasury is responsible for: (i) managing approximately $240 billion in assets for the World Bank and other official sector investors; (ii) leading IBRD's and IDA's triple-A rated financing programs in international and domestic bond and derivative markets; (iii) conducting asset and liability management for IBRD's and IDA's balance sheets; (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 interact and collaborate with other Departments across the Bank and Finance Partners teams.
Treasury Operations (TREOP) is the Department which provides a full range of middle and back-office support for Treasury's asset management, capital markets and banking functions. The Department is organized in three operational units: Asset and Liability Operations (TREAL), Banking Operations (TREBK), and Quantitative Solutions and Analytics (TREQA), supported by a TRE Technology Coordination function (TREFT).
The Quantitative Solutions and Analytics (TREQA) team serves as the focal point for quantitative, analytical, and reporting support within TRE's asset management and capital market activities. TREQA is responsible for developing and implementing quantitative models, financial solutions, and portfolio analytics. The team key expertise includes valuation of derivatives, market and credit risk, financial accounting, investment performance, and investment guideline compliance. The team also provides advisory and capacity building for central banks, sovereign wealth Funds, pension funds & strategic partners.
Duties and Accountabilities:
The ETC will have responsibilities for specific individual tasks and for working as an integral part of the team in executing TREQA's work program. The primary responsibilities of the ETC will include, but not be limited to:
Quantitative modeling: Support the design, development and implementation of the quantitative models and analytical tools for fixed-income portfolios. Typical modeling work includes development of multi-factor yield curve models, analytical/simulation models for projecting asset class returns, performance attribution models and portfolio construction/optimization models capturing trade-offs between return and risk.
QAA enhancements and Performance attribution: Provide technical assistance and documentation on the performance attribution framework and related system implementation in QAA.
MBS analytics: Provide peer review, model validation and documentation on the newly developed MBS analytics, including MBS prepayment modeling, MBS attribution and new MBS risk report.
Risk and performance: Provide peer review and technical assistance on the current and the future state of portfolio analytics (including market risk, credit risk, performance analytics), current library of investment reports, risk and performance system solutions.
Mentor/guide/coach junior team members.
Selection Criteria
1. Advanced degree in financial mathematics, financial economics, or related discipline with at least 10 years relevant work experience in investment management, preferable in quantitative function
2. Proven quantitative and qualitative analytical skills including in-depth knowledge of financial instruments, econometric and financial modeling techniques, and Monte Carlo simulation techniques.
3. Strategic vision and knows the priorities. Proven capacity to multi-task, deliver results and respond quickly and effectively to requests.
4. Working experience with one or more of the programming languages such as Python, Matlab, VBA, SQL, and C.
5. Demonstrated professional leadership and ability to lead, coach, and mentor junior staff.
6. Good team player with strong interpersonal skills, and commitment to work in a team-oriented, multi-cultural environment.
7. Professional certification in CFA or equivalent is a plus.
Competencies:
Effective WBG staff rapidly and readily share their expertise - Client solutions, leverages 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 helps others to learn. Builds personal and professional networks inside and outside the department unit.
Client Understanding and Advising - Looks at issues from the client's perspective and advocates for clients within own area as well as urges others to focus on meeting client needs. Works with others across the VPU to define client needs and develop the best approach to meet client needs (e.g., finds appropriate solutions and negotiates internally for needed resources and support.
Broad Business Thinking - Maintains an in-depth understanding of the long-term implications of decisions both for related areas within the VPU and the client's business. Involves the key players in identifying operating needs, issues and immediate solutions. Ensures that decisions are supported by relevant stakeholders and creates the business case for investment in process and enhancements. Sets clear explanations for the integration and alignment of services/solutions with business functions, focusing on the strategic value provided for area of responsibility within the client's business.
Analytical Thinking - Coordinates the information gathering and reporting process. Reviews trends and compares to expectations. Conducts research to define problems and prepares responses to anticipated questions. Prioritizes multiple issues and opportunities. Identifies relationships and linkages within several information sources. Anticipates issues that are not readily apparent on the surface. Identifies root causes and effects. Defines priorities within performance objectives. Reports and identifies areas that need guidance to resolve complex issues. Anticipates the possible outcome of potential solutions.
Policies and Procedures - Demonstrate thorough knowledge of policies and procedures in related fields. Provide training and guidance to junior staff in enhancing their understanding of relevant policies and procedures. Lead by example and serve as the best practice champion in applying pertinent policies and procedures.
Risk and Controls - Lead by example and serve as best practice champions in completing internal control procedures, including understanding impact beyond own immediate functional areas. Provide constructive inputs to the design, implementation and improvement of risk and internal control procedures for stand-alone end-to-end processes based on understanding of the business. Assess impact of potential control risks and propose mitigating control procedures as appropriate, with balanced efficiency and effectiveness results within any given processes.
Information Technology and Systems - Leverage information technology systems and applications to improve productivity and efficiency. Provide inputs to IT system enhancement efforts based on day to day working experience and knowledge of the systems.
Communication - Adapt the communication style appropriate for the intended audience. Adopt an inclusive approach to communication as is appropriate to the situation, to ensure adequate stakeholder participation. Present information effectively and encourage feedback.
**This internal requisition is open to WBG and IMF staff only (includingshort-term and extended term consultants/ temporaries). External candidates arerequested not to apply. In case an external candidate applies, theirapplication will not be considered.**
World Bank Group Core Competencies
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.
Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.