E T Consultant

E T Consultant

Job #:
req29110

Organization:
World Bank

Sector:
Treasury

Grade:
EC1

Term Duration:
1 year 0 months

Recruitment Type:
Local Recruitment

Location:
Washington, DC,United States

Required Language(s):
English

Preferred Language(s):
Other

Closing Date:
9/9/2024 (MM/DD/YYYY) at 11:59pm UTC

Description

Doyou want to build a career that is truly worthwhile? The World Bank Group isone of the largest sources of funding and knowledge for developing countries; aunique global partnership of five institutions dedicated to ending extremepoverty and promoting shared prosperity. With 189 member countries and morethan 120 offices worldwide, we work with public and private sector partners,investing in groundbreaking projects and using data, research, and technologyto develop solutions to the most urgent global challenges. For moreinformation, visit www.worldbank.org .

Treasury is the Vice Presidency, reporting to theManaging Director and World Bank Group Chief Financial Officer, performingtreasury functions for the IBRD and IDA and, to varying degrees, for othermembers of the World Bank Group and other public sector investors. Itsactivities are organized and grouped into the following departments: CapitalMarkets & Investment Management, Client Asset Management and Advisory,Treasury Client Solutions and Treasury Operations.

Treasury has been alarge and significant player in the international financial markets for overseventy years and has achieved a global reputation as a prudent and innovativeborrower, investor, and risk manager. Treasury is responsible for: (i) managing$333 billion in assets for the World Bank and other official sector investors;(ii) leading IBRD's and IDA's triple-A rated financing programs ininternational and domestic bond and derivative markets; (iii) conducting assetand liability management for IBRD's and IDA's balance sheets; (iv) overseeingthe development and outreach related to thefinancing and hedging products the Bank provides for its developing-countryclients; and (v) collaborating with the World Bank member countries to helpbuild their capacity. Staff in Treasury regularly interact and collaborate withother Departments across the Bank and Finance Partners teams.

Treasury Operations is the Department (TREOP) which provides afull range of middle and back-office support for Treasury's asset management,capital markets and banking functions. The Department is organized in threeoperational units: Treasury Asset & Liability Operations (TREAL), QuantitativeSolutions and Analytics (TREQA), and Banking Operations (TREBK).

BankingOperations (TREBK) ensures all World Bank payments, receipts, andFX related to corporate cash activity are processed and performs keyreconciliation controls and reporting over cash transactions and investmentportfolios. The unit consists of four teams responsible for coordinatingto execute the work program: (1) cash planning and ensuring all FX conversionsare executed to meet the Bank's liquidity needs and processing payments andreceipts for proper accounting; (2) managing bank accounts and relationshipswith all corporate banking counterparts: (3) performing controls to ensure thecompleteness, accuracy and validity of all cash and security positions,investigating and resolving differences with external records, and financialreporting of cash balances and external client reporting of investmentholdings; and (4) managing the WBG's Swift infrastructure and maintaining SSIsand key static data related to payment and receipt processing. TREBK staffmembers are in the Bank's Washington DC headquarters, in the Shared ServiceCenters in Chennai, India and Sofia, Bulgaria.

Duties and Accountabilities:

Under the guidance and supervision of a Team Lead,the selected candidate will haveresponsibilities for specific individual tasks/projects within TREBK's BankingRelations and Cash Management team in executing the work program, whilemaintaining close relationships with the other Treasury departments anddepartments across WBG. Cross training between TREBK's Banking Relations andCash Management team will be expected, and daily responsibilities may varybased on rotations. His/her primary responsibilities will include, butare not limited to, some combination of the following activities:

Cash Management
• Perform daily cash planning, ensuring that corporate bank accounts areproperly funded to meet all payments, any discrepancies are resolved, and anyexcess/deficient positions are covered through the investment portfolio.
• Ensure timely posting of receipts, funding of payments and FX requeststo the appropriate business unit.
• Follow-up and confirm foreign exchange deals transacted directly withthe Central Banks in various countries.
• Fund foreign exchange requests received from Business Units across theBank.
• Fund payment requests received from Business Units across the Bank.
• Periodically review all cash application queues to ensure alltransactions are cleared.
• Liaise with business units both in and out of TREOP/TRE totroubleshoot and solve various issues involving cash that might arise.
• Work collaboratively with teammates in resolving any issues related todisbursements or cash management as they may arise.
• Participate in any projects or other initiatives in TRE/WB as they mayarise (such as Quantum upgrade, new transactions, etc.).
• Update procedures documentations as required.
• Perform ad-hoc functions or assist with team deliverables and projects

Banking Relations
• Support colleagues to perform bank account maintenance functions, includingopening, closing and negotiating bank accounts with commercial and central banks around the world forcorporate and country office needs, coordinating with business partners andLegal on a timely accurate manner.
• Support banking relations functions including maintaining database ofcontact points and arranging periodic meetings to review service and learn fromcounterparts about emerging trends.
• Support periodic service assessment reviews of key banking serviceproviders.
• Perform bank monitoring and geopolitical monitoring functions forassigned portfolio of correspondent banking partners.
• Respond to KYC, AML / CFT requests and address queries, coordinatingwith Legal, as needed.
• Act as the liaison with WBG-wide business units requesting MerchantAccounts (credit card accounts) to collect business revenues and chair usersgroup meetings. Coordinate all Merchant Account openings / closures withgateway provider.
• Review dormant bank accounts with business units and provide summaryof follow-up actions needed.
• Respond to ad hoc queries as they may arise.

Selection Criteria

Selection Criteria:

*Master's degree in Finance, Economics, Legal Studies, or related field (Computer Science / Information Systems, Engineering, Mathematics) and at least 2 years of relevant experience in the financial services industry, preferably with back-office operations; or bachelor's degree in Finance, Economics, Legal Studies, or related field and at least 5 years of directly related business experience.

*Candidates with business-related certifications (CTP, CFA, FRM, etc.) will have an advantage.

*Knowledge of and familiarity with Treasury business lines, back office operational functions and Treasury systems including banking, payment operations and cash management.

*Fluency in the English language and excellent communication skills, both spoken and written.

*Strong proficiency in Excel, Word, and PowerPoint. Familiarity with Microsoft Power Platform tools (Power BI, Power Automate, and Power Query) is a strong plus.

*Strong database management and analytical skills, with a proven track record of effectively manipulating, analyzing, and interpreting large datasets. Experience with data visualization tools and techniques is highly desirable.

*Demonstrated ability to manage simultaneous competing demands to deliver on-time in a fast-paced, deadline driven environment.

*Self-starter with ability to take responsibility for own actions and learn quickly in an unstructured work environment.

*Detail-oriented with strong organization skills.

*Problem-solver with proven ability to develop creative solutions.

*Reliable team player, a positive attitude, open and collegial work style with strong interpersonal skills and the ability to collaborate in a team-based, multi-cultural work environment within a team that is dispersed across different geographical locations (e.g., Washington, D.C, Chennai (India) and Sofia (Bulgaria)).

*Flexibility to work early morning or late evening hours to have overlap with other offices will be required to meet reporting deadlines along with willingness to travel, if required, for training and team projects.

*Strong client focuses and services skills, including the ability to listen, assess and respond to client needs.

*Complies with highest ethical standards.

Competencies:

• Deliver Results for Clients -Proactively addresses clients' stated and unstated needs. Adds value byconstantly looking for a better way to get more impactful results; setschallenging stretch goals for oneself. Immerses oneself in client experiencesand perspective by asking probing questions to understand unmet needs.Demonstrates accountability for achieving results that have a developmentimpact and financial, environmental and social sustainability. Identifies andproposes solutions to mitigate and manage risks.

• Collaborate within Teams and Across Boundaries -Collaborates across boundaries, gives own perspective and willingly receivesdiverse perspectives. Appropriately involves others in decision making andcommunicates with key stakeholders. Approaches conflicts as common problems tobe solved. Actively seeks and considers diverse ideas and approaches.Integrates WBG perspective into work.

• Lead and Innovate - Develops innovative solutions. Contributes newinsights to understand situations and develops solutions to resolve complexproblems. Adapts as circumstances require and manages impact of own behavior onothers in context of WBG's values and mission. Identifies and pursuesinnovative approaches to resolve issues.

• Effective WBG staff rapidly and readily share their expertise - Clientsolutions, Leverages department's expertise and body of knowledge across WBG tostrengthen internal and/or external client solutions. Seeks to learn from moreexperienced staff to deepen or strengthen their professional knowledge andhelps others to learn. Builds personal and professional networks inside andoutside the department unit.

• Make Smart Decisions - Interprets a wide range of information andpushes to move forward. Seeks diversity of information and inputs, researchespossible solutions, and generates recommended options. Identifies andunderstands risks and proposes recommendations. Based on risk analysis makesdecisions in a timely manner within own area of responsibility, considering theinterests and concerns of stakeholders.

• Client Understanding and Advising - Looks at issues from the client'sperspective and advocates for clients within own area as well as urges othersto focus on meeting client needs. Works with others across the VPU to defineclient needs and develop the best approach to meet client needs (e.g., findsappropriate solutions and negotiates internally for needed resources andsupport.

• Broad Business Thinking - Maintains an in-depth understanding of thelong-term implications of decisions both for related areas within the VPU andthe client's business. Involves the key players in identifying operating needs,issues and immediate solutions. Ensures that decisions are supported byrelevant stakeholders and creates the business case for investment in processand enhancements. Sets clear explanations for the integration and alignment ofservices/solutions with business functions, focusing on the strategic valueprovided for area of responsibility within the client's business.

• Analytical Thinking - Coordinates the information gathering andreporting process. Reviews trends and compares to expectations. Conductsresearch to define problems and prepares responses to anticipated questions.Prioritizes multiple issues and opportunities. Identifies relationships andlinkages within several information sources. Anticipates issues that are notreadily apparent on the surface. Identifies root causes and effects. Definespriorities within performance objectives. Reports and identifies areas thatneed guidance to resolve complex issues. Anticipates the possible outcome ofpotential solutions.

• Policies and Procedures - Demonstrate thorough knowledge of policiesand procedures in related fields. Provide training and guidance to junior staffin enhancing their understanding of relevant policies and procedures. Lead byexample and serve as the best practice champion in applying pertinent policiesand procedures.

• Risk and Controls - Lead by example and serve as best practicechampions in completing internal control procedures, including understandingimpact beyond own immediate functional areas. Provide constructive inputs tothe design, implementation and improvement of risk and internal controlprocedures for stand-alone end-to-end processes based on understanding of thebusiness. Assess impact of potential control risks and propose mitigatingcontrol procedures as appropriate, with balanced efficiency and effectivenessresults within any given processes.

• Information Technology and Systems - Leverage information technologysystems and applications to improve productivity and efficiency. Provide inputsto IT system enhancement efforts based on day to day working experience andknowledge of the systems.

• Communication - Adapt the communication style appropriate for theintended audience. Adopt an inclusive approach to communication as isappropriate to the situation, to ensure adequate stakeholder participation.Present information effectively and encourage feedback.

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.