Investment Officer

World Bank Group•Washington, DC

1d•Onsite

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 WBG Treasury has been a large and significant market innovator 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. WBG Treasury staff regularly interact and collaborate with Departments across WBG and within the Finance Partner divisions. Asset tokenization enabled through blockchain technologies are having an impact on the financial markets, revolutionizing the way assets are created, traded, settled and accessed. Instantaneous validation, atomic settlement and data transparency are the rationales for market participants to explore and potentially adapt such technology. As WBG Treasury being one of the largest primary market issuers in the international capital markets, it is essential to be aware and stay abreast of their development to ensure our readiness for the future of financial markets. WBG Treasury is also interested in understanding the alternative pathways in servicing cross-border payments and how market providers might be evolving in terms of the interoperability and standardization of clearing infrastructures, settlement rules, and payment solutions. Next generation of digital money is quickly emerging in the form of Tokenized Deposits, Central Bank Digital Money and Stablecoin. It is important to understand the evolution of digital economy to possibly improve cross-border payments efficiency and promote financial inclusion. The WBG 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, risk analytics, and guideline monitoring for those portfolios. The team also provides technical advisory and capacity building in its areas of expertise for client central banks, sovereign wealth funds, pension funds and other strategic partners. The chosen candidate 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 will focus on the areas of investment guideline monitoring and compliance, portfolio analytics, and client reporting, which will include, but not be limited to:

Requirements

Master’s degree (or equivalent work experience) in finance, engineering, data science, mathematics or related discipline and 5 years of relevant work experience in finance and investments (preferably with a focus on portfolio management, market risk, credit risk, or compliance).
Expertise and proven experience with investment compliance and/or risk management (credit and market) of fixed income portfolios, including strong knowledge of fixed income instruments, financial derivatives, risk measurement, and valuation.
Knowledge and experience with Murex (particularly the Murex Limits & Compliance module), Bloomberg (particularly PORT, AIM, or MARS), or another major trading and portfolio analytic system is required.
Demonstrated professional leadership and ability to coach and mentor junior staff, being an excellent team player with strong interpersonal skills and the highest ethical standards is required.
Excellent communication skills -- both verbal and written are required.

Nice To Haves

Professional certification in CFA, CPA, FRM, PRM is a plus.
Proven quantitative modeling skills with programming experience in Python are desirable.
Experience giving presentations on investment risk and compliance topics in seminars, and missions and communicating/interacting on these topics with a broad range of audiences is desirable.

Responsibilities

Designing, developing, and implementing methodologies, policies, and procedures for top quality investment compliance, risk analytics, and related reporting of WBG Treasury-managed investment portfolios.
Leading or contributing to key projects such as the implementation of systems, models, and/or tools for investment compliance, market risk, credit and counterparty risk. This includes taking a leading role in the implementation of the Murex Limits & Compliance module for post-trade compliance as part of Project TANGO.
Providing analytical leadership to the team in the areas of investment guideline monitoring and compliance by (i) quickly identifying and resolving compliance exceptions; (ii) developing, implementing and reviewing complex logic-based rules, formulas, and code for specific criteria or restrictions; (iii) reviewing and validating that the daily, weekly and monthly deliverables of the team are completed timely and accurately; (iv) researching and testing new technologies to improve the compliance monitoring processes and workflows.
Participating in the interpretation and revision of existing investment guidelines and in the preparation of new guidelines. Recommend improvements to guidelines to aid the interpretation and improve the ability to systematically monitor investment guidelines.
Producing and distributing investment reports and communicating directly with key stakeholders and clients. as needed.
Developing analytical tools and providing support to portfolio managers and management in the areas of compliance, investment guidelines, market risk, credit risk, portfolio rebalancing, and reporting as well as developing and maintaining system and workflow documentation, noting changes in processes as they occur.
Mentoring, guiding, and coaching new and junior team members.
Staying abreast of the industry’s best practice and technology improvements pertaining to the team’s functions and work program.
Maintaining close contacts and liaising regularly with internal and external counterparts including colleagues across WBG Treasury and the broader Finance Partners, commercial and investment banks, asset managers, and central banks.
Prepare materials for professional collaborations, advisory engagements and workshops with central banks and other official sector institutions.
Share and disseminate knowledge of updates to industry best practice within the team; and
Assist in additional projects as needed within TREQA.