Financial Assistant

Financial Assistant

Job #:
req30401
Organization:
World Bank
Sector:
Financial Sector
Grade:
GC
Term Duration:
3 years 0 months
Recruitment Type:
Local Recruitment
Location:
Sofia,Bulgaria
Required Language(s):
English
Preferred Language(s):
Bulgarian
Closing Date:
12/2/2024 (MM/DD/YYYY) at 11:59pm UTC

Description

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 www.worldbank.org .

The World Bank Treasury

Are you inspired by a global mission to end poverty? Do you want to build a career in finance with a global impact? The World Bank Treasury is one of the few places where you can be on the leading edge of finance as it sits at the only nexus of finance, innovation, and international development. We manage the institution's finances to enable all World Bank operations and lending. Each year, we issue over $50 billion in bonds, prudently manage over $180 billion in assets, and process over $7 trillion in transactions. 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 .

Treasury Operations Department

Treasury Operations Department (TREOP) provides a full range of middle and back-office support for Treasury's asset management, capital markets and banking functions. TREOP 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)).

TREOP staff members are in the Bank's Washington DC headquarters, in the Shared Service Centers in Chennai, India and in Sofia, Bulgaria.

Treasury Asset and Liability Operations (TREAL) i s the unit responsible for delivering on a range of middle and back-office functions supporting the funding, investment, and asset and liability management portfolios for internal World Bank Group (IBRD, IDA, MIGA, and Trust Funds) entities. In addition, the team supports the investment portfolios for a growing roster of more than 70 client entities in domestic and international markets. The team provides integrated and end-to-end support for all trade execution and portfolio servicing activities including trade review, settlement and documentation, options monitoring, debt service and cash and collateral management across the full range of products including bonds, swaps, repos, deposits, and exchange-traded derivatives.

Banking Operations (TREBK) ensures all World Bank payments, receipts, and FX related to corporate cash activity are processed and performs key reconciliation controls and reporting over cash transactions and investment portfolios. The unit consists of four teams responsible for coordinating to execute the work program: (1) cash planning and ensuring all FX conversions are executed to meet the Bank's liquidity needs and processing payments and receipts for proper accounting; (2) managing bank accounts and relationships with all corporate banking counterparts; (3) performing controls to ensure the completeness, accuracy and validity of all cash and security positions, investigating and resolving differences with external records, and financial reporting of cash balances and external client reporting of investment holdings; and (4) managing the WBG's Swift infrastructure and maintaining SSIs and key static data related to payment and receipt processing.

Quantitative Solutions and Analytics (TREQA) is the focal point of quantitative, analytical, and reporting support for the fixed income asset management business. The team develops and implements quantitative models, financial solutions, and portfolio analytics. They support financial accounting, investment performance measurement, investment guideline compliance monitoring for internal and external clients, as well as related capacity building for central banks, sovereign wealth and pension funds, office of debt management and strategic partners.

Duties & Responsibilities:

Working with a high level of discretion and confidentiality in providing wide-ranging financial and executive assistance to the Treasury team in Sofia, the Financial Assistant will be responsible for, but not limited to, the following:

• Provide a full range of administrative support/assistance to the Treasury Operations in Sofia:

- Provide overall support on routine tasks and programs.

- Provide specialized support in designing, formatting, and editing presentations for workshops, meetings, newsletters, and reports using appropriate office technology skills, e.g., PowerPoint, Publisher, Microsoft Sway, etc.

- Provide specialized support in performing basic research and analysis using advance Excel skills.

- Assist team in coordinating conferences/meetings/events, and assist in preparing required documentation and technical requirements, e.g., AV, IT, etc.

- Interface with Treasury Budget, Performance Review & Strategic Plan (BPS) team and undertake tasks related to resource management including handling of purchase orders and invoices.

- Assist the in-office management of TRESF, including TRS and LARS management, ordering office supplies, submitting service requests, coordinating office moves, etc.

- Assist in recruitment efforts, including organizing shortlisting meetings, interviews and tests.

- Assist supervisor and team members with submission of travel requests and other travel arrangements.

• Serving as the first point of contact and liaise with other assistants within Treasury Operations and other Treasury departments.

• Handle ad hoc duties that may be assigned by the supervisor, or which may arise from other areas of the Treasury Operations; especially during workflow changes or absences and heavy work periods.

Selection Criteria

*Bachelor's degree, preferably in business administration, Finance, Economics or other related filed.

*Highly motivated, energetic, and outgoing team player with excellent interpersonal skills.

*Versatility and adaptability - Demonstrate initiative and motivation to proactively learn new developments in relevant policies, procedures, and technology. Ability to proactively identify, prevent and/or solve problems.

*Strong English writing skills, including high level of proficiency to draft, proofread and edit documents and correspondence.

*Excellent organizational and administrative skills demonstrated ability to organize, prioritize, schedule, plan and coordinate work and other activities internally and externally.

*Proven track record in managing confidentiality. Strong personal ethics and sound judgement.

*Reliability, resourcefulness, and flexibility.

*Strong attention to detail and to maintaining high quality standards.

*Effective analytical, research and problem-solving skills and the ability to work independently and make judgments and decisions with minimal supervision.

*Excellent organization skills, proactive, keen attention to detail, and a demonstrated ability to handle a variety of concurrent activities in a timely manner.

Competencies:

*Technology and systems knowledge - exhibits excellent knowledge of Microsoft Office applications and proficiency of technology or/and systems relevant to functional area.

*Project and task management - able to undertake diverse assignments with minimal supervision and resolve competing demands. Demonstrates good organizational skills, can plan, and prioritize own work and work of internal clients.

*Institutional policies, processes, and procedures - demonstrates relevant functional knowledge and understanding of institutional priorities, policies, operational and administrative procedures, and people. Able to practically apply and guide others in policy application.

*Versatility and adaptability - demonstrates initiative and motivation to proactively learn new developments in relevant policies, procedures, and technology; is able proactively identify, prevent and/or solve problems.

*Client Orientation - able to interact with clients with discretion and diplomacy. Demonstrates ability to resolve client related issues; displays understanding of relevant internal and external factors and their impact to the client.

* Learning, knowledge sharing and communication - able to communicate in a constructive and professional manner; can assist in the preparation of written materials in accordance with WB administrative guidelines and best practices; able to contribute to unit's knowledge sharing.

*Business judgment and analytical decision making - able to provide general research support effectively and independently; demonstrates ability to access situation and make sound judgment on action needed.

*Drive for Results - able to take personal ownership and accountability to meet deadlines and achieve agreed-upon results and has the personal organization to do so.

*Teamwork (Collaboration) and Inclusion - collaborates with other team members and contributes productively to the team's work and output, demonstrating respect for different points of view.

World Bank Group Core Competencies

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.

Learn more about working at the World Bank and IFC , including our values and inspiring stories.