Financial Officer, WBG Financial Data Hub

World Bank Group•Washington, DC

About The Position

The World Bank Group is a unique global partnership of five institutions driven by a bold vision to create a world free of poverty on a livable planet. As one of the largest sources of funding and knowledge for developing countries, we help solve the world’s greatest development challenges. When you join the World Bank Group, you become part of a dynamic, diverse organization with 189 member countries and more than 130 offices worldwide. We work with public and private sector partners, invest in groundbreaking projects, and use data, research, and technology to bring tangible and transformative changes around the globe. For more information, visit www.worldbank.org. The World Bank Group Treasury (WBG TRE): Are you inspired by a global mission to end poverty? Do you want to build a career in finance with global impact? World Bank Group Treasury sits at the nexus of finance, innovation, and international development, managing the institution’s finances to enable World Bank operations and lending. Each year, we issue more than $60 billion in bonds, prudently manage over $250 billion in assets, and process over $9 trillion in cash transactions. Treasury Risk, Compliance, and Controls Team: The Treasury Risk, Compliance, and Controls Unit (TRERC) work program is focused on ensuring a robust internal control framework, mitigating operational and business continuity risk, while fostering Investment Compliance for client and proprietary portfolios at the pre-trade stage. Key deliverables include the Internal Controls over Financial Reporting (ICFR) review program, the Service Organization Controls (SOC1) report for asset management activities, and ongoing Pre-Trade Compliance monitoring for investment trades. The unit also implements the Access Control framework for TRE IT systems, maintains the inventory of Treasury business processes, and provides secretariat functions for the Treasury Operations Committee. To ensure independence, TRERC staff reports directly to the VP and Treasurer of the World Bank Group. TRERC staff members are located in World Bank's offices in the United States and Bulgaria. Job Description Under the supervision of the TRERC manager, this position's primary responsibility is to lead the design and management of the Financial Data Hub for the WBG, as part of the WBG Decision Support Data (DSD) consolidation initiative. This initiative aims to enhance institution-wide governance, reduce fragmentation and duplication, improve cost efficiency, and strengthen overall management of high-value data subscriptions across the WBG.

Requirements

Master’s degree in finance, business, accounting, or related field; or a bachelor’s degree in any of these fields with advanced professional certification (CFA, CPA, CA, CTP or equivalent).
At least five (5) years or more of experience relevant to this position’s Roles and Responsibilities as described in the Job Description, including excellent knowledge of treasury business lines, financial data vendors and subscriptions, budget management, and contract management skills.
Advanced proficiency with one or more budget and procurement IT systems (SAP, Admin portal, etc.) is required.
Excellent interpersonal communication and presentation skills, including the capacity to communicate and discuss complex technical issues in simple terms, both verbally and in writing.
A very high degree of self-motivation and drive to high performance, while instilling a culture of fun and care in the workplace.
Having the highest ethical standards.

Nice To Haves

Proven understanding and work experience with WBG finance VPUs (TRE, DFi, CRO, CTR, COS) and knowledge of procurement processes and rules will be a strong plus.

Responsibilities

Play a central role in facilitating and coordinating all activities related to managing Financial Data vendor relations, payment processing, and ensuring timely support and uninterrupted user access to all data subscriptions and services.
Serve as the technical lead for procurement processes, requisition/purchase orders creation and management for all participating WBG business units, working closely with respective managers, TTLs, accounts payable, and BPS teams.
Establish and maintain an inventory of all in-scope financial data licenses, subscriptions, and products across WBG.
Oversee cost-effective decision-making across business units for renewing/redeploying financial data licenses, purchasing new subscriptions, and canceling existing ones.
Perform monthly reconciliations and supervise vendor invoice processing. For WBG Treasury, prepare cost allocations and ensure they are reviewed and approved by unit managers and TTLs before payment processing; prepare budget reports and monitor annual spending.
Assess, design, and implement enhancements of requisition/purchase order structures and billing cycle alignments across WBG to ensure standardization and to gain efficiency.
For a key Tier I vendor (i.e. Bloomberg), perform user license management activities (such as swaps) through the Bloomberg Service Portal. Also, coordinate user onboarding and access provisioning by working closely with relevant teams, managers, and staff.
Supervise junior staff supporting the WBG Financial Data Hub and provide knowledge sharing and on-the-job training as required.
Identify, document, and present governance and any other issues that should be escalated to the WBG Data Councils.
Support other aspects of TRERC’S work program, as required by the unit’s manager or supervisor.

Benefits

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.

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