Financial Officer

World Bank Group • Washington, DC

21h

About The Position

Do you want to build a career that is truly worthwhile? 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 http://www.worldbank.org

As part of the WBG Treasury, Treasury Operations Department (TREOP) provides a full range of operational support for Treasury’s capital markets, asset management, and banking businesses. Under TREOP, the Quantitative Solutions and Analytics team (TREQA) is responsible for developing and implementing quantitative models, financial solutions and portfolio analytics for internal and external client fixed income investment portfolios, providing valuation, performance reporting and guideline monitoring for those portfolios. The team also provides advisory and capacity building in its areas of expertise for client central banks, sovereign wealth funds, pension funds and other strategic partners.
Duties and Accountabilities:

The Financial Officer will be a member of TREQA – Capital Markets Analytics (CMA) Team that focuses on the valuation and analytics to support the Funding Activity as well as the Asset Liability Management with roles and responsibilities outlined below:

Requirements

• Master’s degree or above with 5 years of experience in a quantitative discipline such as finance, mathematics, physics or engineerin g, or an equivalent combination of education and experience.
• 5+ years relevant work experience in valuation models, interest rate derivatives including exotics and/or financial platform implementation with focus on valuation, risk management and financial modeling. Experience managing financial IT implementations and/or deployments is strongly preferred.
• Strong theoretical and practical experience with derivative instruments.
• Experience with capital markets, market conventions, and market data.
• Proven quantitative and qualitative analytical skills in the area of valuing/pricing of complex structures; including knowledge of econometric and financial modeling techniques, multi-factor Monte Carlo simulation techniques and option pricing methodologies.
• Great teamwork and communication skills.
• Working experience with one or more of the following languages: Python, VBA, Matlab, R, etc.
• Original thinking and quick learning abilities with strong initiative and drive.
• Highest ethical standards

Nice To Haves

• Expertise in Murex and Numerix Cross Asset / OneView are strongly preferred.
• Professional Certification in CFA, FRM, or PRM is strongly preferred.

Responsibilities

• Contribute to the design and implementation of quantitative financial valuation models and tools to facilitate execution of new capital markets transactions for the Bank portfolios, including but not limited to, bonds and derivatives with embedded options in interest, FX, and/or equity index.
• Work with relevant teams in the World Bank’s Finance & Accounting department for pre-trade model validation and post-trade verification of new models developed internally or externally in support of funding transactions, including selection of financial valuation model, identification of market data requirements, and preparation of required risk analyses and documentation to facilitate the validation and verification processes.
• Engage, and collaborate with various internal units (Model validation, Risk and Operations) to secure new transaction approval, and address any issues with respect to valuation, collateral, and risk.
• Perform and deliver timely monthly valuations for complex financial contracts, and work with model validators to resolve any valuation issues related to financial reporting.
• Participate in discussion with internal, and external auditors, and act as subject matter expert with respect to valuation models.
• Contribute to the Treasury Systems design and development of business requirements, testing of deliverables, and production implementation for all IT system enhancements to support existing and new funding transactions.
• Contribute to the Capital Markets Department efforts related to LIBOR transitions including but not limited to system readiness and sourcing market data, propose and review curves construction, validate valuation results.
• Follow up on market development in the area of valuation and risk analytics and contribute to enhancement the Bank’s valuation and risk analytics platform when necessary.
• Provide analytical support to other units of the Treasury for the design of the Bank’s financial solutions and financial services for clients.
• Provide quantitative, and analytical support to respond to client’s enquiries related to Capital Markets, and risk management products.
• Provide training and guidance for Junior staff.
• Any other duties as assigned.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level