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World Bank Vacancy Announcements

November 6, 2018

World Bank Vacancy Announcements

The World Bank has advertised the following positions as part of the IFC Recruitment Drive for Sub-Saharan Africa and Caribbean nationals:

  • Sector Economist – Telecoms
  • Associate Financial Officer, Internal Controls
  • Associate Financial Officer, Loan Operations
  • Financial Officer, Portfolio Review
  • Associate Financial Officer, Investment Accounting
  • Associate Financial Officer

Detailed information on the positions is stated below.

Job #: req946
Organization: IFC
Sector: Economics
Grade: GF
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment
Location: Washington, DC
Required Language(s): English
Preferred Language(s):

Closing Date: 11/9/2018 (MM/DD/YYYY) at 11:59pm UTC

Description

IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org
The Sector Economics and Development Impact Department (CSEDR), part of the Economics & Private Sector Development Vice Presidency in IFC, analyses sectoral economic trends, and works closely with IFC Operations in formulating sector priorities and strategies, conducting policy dialogue, structuring, appraising, and monitoring investment projects and reporting on IFC’s impact.

The CTT team within the CSEDR undertakes the activities above in relation to the CTT sectors, which comprise Telecom, Media, Technology, Venture Capital Investment, and Private Equity Funds. These operations focus on delivering, through loans, venture, or private equity, the infrastructure and the digital services required to support the development of a Digital Economy centred around information, communications and technology.
The Department is looking for a Sector Economist-Telecom to help it assess, on an ongoing basis, the development impact of IFC projects in the Telecom sector, perform deeper economic analysis for decision-making purposes and incorporate the relevant analysis into IFC’s and CTT strategies and private sector development objectives. He/she will work in close collaboration with the Investment and Advisory Staff of the CTT group, responsible for designing and structuring IFC’s projects in this area.

Role & Responsibilities:

Reporting to CSEDR Head of CTT, the Economist’s role and responsibilities will be as follows:

1. Telecom project impact assessment

The Economist will primarily be responsible to provide support on articulating and measuring the economic impact of the Telecom industries, and of projects in these sectors undertaken by the IFC.
The work will involve contributing to the operation of a newly developed framework (the Anticipated Impact Measurement and Monitoring framework – AIMM) to assess such impacts. The Economist will work to identify and assess direct project outcomes (e.g. on stakeholders, suppliers, communities) as well as wider market impacts (e.g. on competitiveness, integration, resilience, inclusiveness and sustainability).
The sectors that the Economist will focus on include mobile services, broadband, satellite services, data centers, and technology platforms (e.g. cloud providers, e-commerce platforms); and investments in digital start-ups across the economy.
The Economist will lead day-to-day project management, quality oversight, and analysis for research. This includes establishing a strong working relationship with IFC’s CTT Industry team and with other CSEDR CTT team members.
The work will include working with IFC’s Investment Officers to collect and analyze project data, apply the appropriate frameworks on the basis of data and research, create narratives that support the articulation of project impacts, and rate projects. It will also include the provision of expert advice and support to operational teams and managers on trends, key risks, and sector analysis during the project life cycle, in coordination with the respective industry strategists.

2. Lead Sector Economic Analytical Work

This support will include the following activities:
Monitoring and analyzing trends and developments in the telecom sector on the global and country level and producing reports with a focus on challenges, priorities, and opportunities for market creation and private sector development in the sector.
Undertaking economic and econometric research on a variety of economic topics relevant for the telecom sectors in collaboration with relevant CTT investment and advisory teams to inform sector strategies and operational decisions.
Supporting sector policy dialogue aimed at creating markets for private sector driven development.
Preparing high quality briefs, reports, and presentations to various stakeholders as well as external stakeholders.
Contributing to various Strategy and Business Plan documents (e.g., CTT Strategy and Deep Dive Presentations, Country Private Sector Diagnostics, IFC Road Map, IFC Annual Report).

Selection Criteria

Minimum of a Master’s degree in Economics, or PhD in Economics – preferably with a focus on microeconomics and industrial organization.
At least five years of prior non-academic working experience as micro/sector economist, preferably with a focus on the telecom or other infrastructure sectors, working for the private sector or a consulting firm (preferably) or in a Development Finance Institution.
Previous exposure to and knowledge of the telecom industry will be prioritized. Robust and tested knowledge of key market, competition, policy and regulatory trends in the global telecom markets. Robust and tested understanding of telecommunications networks; and of sector-related financial and economic concepts and data.
Strong analytical and quantitative economic and econometrics skills – demonstrated through preparation of economic and/or econometric reports focused on sector economics.
Proven capability to handle complex assignments and produce work to a high professional standard.
Excellent written and verbal communications in English and ability to communicate effectively with relevant stakeholders.
Ability to create project plans, manage projects, team members, and deliver high quality outputs (presentations, papers and other material).
Ability to Lead and Innovate, developing innovative solutions with others, and to deliver results for clients by proactively addressing clients’ stated and unstated needs.
Ability to collaborate within teams and across boundaries, giving own perspective and willingly receives diverse perspectives.

The World Bank Group values diversity and encourages all qualified candidates who are nationals of World Bank Group member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.

 

Please use the following link to apply: https://worldbankgroup.csod.com/ux/ats/careersite/7/requisition/946/application#1

Job #: req955
Organization: IFC
Sector: Finance & Accounting
Grade: GF
Term Duration:  3 years 0 months
Recruitment Type: International Recruitment
Location: Washington, DC
Required Language(s): English
Preferred Language(s): Portuguese, Spanish, French
Closing Date: 11/16/2018 (MM/DD/YYYY) at 11:59pm UTC

Description

IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org

The Internal Controls unit (CNTIC), under the direction of the IFC Controller, is responsible for the following:

Managing the Internal Control over Financial Reporting (ICFR) program;
Coordinating the assessment and reporting of Operational Risks and Business Continuity within Controllers, and
Advising internal clients on control improvement.
CNTIC is looking for a Associate Financial Officer in Washington DC with a background in internal controls to join its team.

Roles & Responsibility:

The Associate Financial Officer will:

Contribute towards improving the overall system of internal controls
Participate in pre-implementation reviews and analysis of new processes/ systems to advise internal clients on strong control design
Identify process improvement opportunities for efficiency, effectiveness, and risk mitigation
Learn and support end-to-end activities in the ICFR program for assigned business areas
Participate in ICFR
scope assessment
process risk and control documentation reviews
development of control evaluation strategy
evaluation of controls effectiveness (including testing, continuous monitoring, etc.)
coordination of deficiency remediation
proactive management of external auditor requirements
management reporting
Assist in strengthening overall operational risk management in CNT
Analyze CNT operational risk events and conduct root-cause analysis
Participate in the enhancement of CNT operational risk reporting
Assist in coordinating CNT’s business continuity planning
Review business continuity recovery procedures and facilitate testing

Scope

The Associate Financial Officer will be part of a small team; however, s/he will work with larger teams of business process owners across the organization.
Frequent interaction with business process owners, management, and external and internal auditors.
May require infrequent travel.

Selection Criteria

We are looking for team members who are solutions-oriented resources with an in-depth understanding and ability to review and advise on Internal Controls and Operational Risk in financial institution business areas such as treasury activities, loan and equity operations, financial instruments valuation, and general business continuity planning. The ability to combine technical knowledge with a consultative mind-set to develop practical business solutions in a team setting is key success factor.

Skills & Experience

Qualified candidates should at a minimum hold a CPA, CA or equivalent certification and have a minimum of 8 years related experience.
Previous audit (internal or statutory) experience in a Big 4 public accounting firms is highly desirable.
Work experience in internal controls, risk management, audit/ consulting
Good understanding of the COSO Internal Control – Integrated framework
Excellent knowledge of complex financial products and associated financial reporting risks and controls
Understanding of Information Systems and IT General Controls
Excellent oral and written communication skills in English. Ability to articulate complex technical ideas clearly to all levels of management and staff. Good presentation skills are desirable.
Demonstrated ability to manage effectively tasks of various sizes, from small to complex, and simultaneous competing demands, and to deliver on time.
Behaviors
Proven ability to work and deliver in a small multi-location team environment, providing support to others on the team, as necessary.
High level of flexibility, with a proven ability to develop creative solutions to help mitigate risks in business processes
Proactive, innovative, with an open and collegial work style with ability to listen and integrate ideas from diverse views, create partnerships, and collaborate with others while maintaining individual responsibility.
Demonstrated ability to deal appropriately with confidential and sensitive matters. High degree of discretion and judgement is required.
Key Competencies – the preferred candidate must demonstrate the following key competencies:
Communication – Adapts the communication style appropriate for the intended audience. Adopts an inclusive approach to communication appropriate to the situation, to ensure adequate stakeholder participation. Presents information effectively and encourages feedback.
Collaboration within teams and across boundaries – Collaborates across boundaries, gives own perspective and willingly receives diverse perspectives. Appropriately involves others in decision making and communicates with key stakeholders. Approaches conflicts as common problems to be solved. Actively seeks and considers diverse ideas and approaches. Integrates WBG perspective into work.
Leadership and innovation – Develops innovative solutions. Contributes new insights to understand situations and develops solutions to resolve complex problems. Adapts as circumstances require and manages impact of own behavior on others in context of WBG’s values and mission. Identifies and pursues innovative approaches to resolve issues.
Smart decision making – Interprets a wide range of information and pushes to move forward. Seeks diversity of information and inputs, researches possible solutions, and generates recommended options. Identifies and understands risks and proposes recommendations. Based on risk analysis makes decisions in a timely manner within own area of responsibility, considering the interests and concerns of stakeholders.
Client understanding and advising – Looks at issues from the client’s perspective and advocates for clients within own area as well as urges others to focus on meeting client needs. Works with others across the Department to define client needs and develop the best approach to meet client needs (e.g., finds appropriate solutions and negotiates internally for needed resources and support).
Other Competencies: Deliver results for clients; risks and controls expertise; analytical thinking; broad business thinking; information technology and systems knowledge; project management; knowledge creation, application, and sharing; understanding of policies and procedures.

The World Bank Group values diversity and encourages all qualified candidates who are nationals of World Bank Group member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.

Please use the following link to apply: https://worldbankgroup.csod.com/ux/ats/careersite/7/requisition/955/application#1

Job #: req954
Organization: IFC
Sector: Finance & Accounting
Grade: GF
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment
Location: Washington, DC
Required Language(s): English
Preferred Language(s): Portuguese, Spanish, French
Closing Date: 11/16/2018 (MM/DD/YYYY) at 11:59pm UTC
Description

IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org 

The Investment Accounting unit (CNTIA) within the IFC Financial Reporting Division (CNTFR) within the IFC Chief Accountant’s Department (CNT) has overall responsibility for the accounting analysis, evaluation and implementation for IFC’s complex loan, equity and guarantee transactions, working extensively with IFC’s investment officers and other IFC staff in CNTFR and in CNT. This position reports directly to and assists the CNTIA Supervisor. 

CNTIA is seeking a qualified accountant to join the team who will support the accounting implementation of complex loan, equity and guarantee transactions and work extensively with Investment Officers and CNT staff. 

Under the immediate supervision of the Supervisor for Investment Accounting, the individual will work with colleagues in CNT and Investment Officers throughout IFC to assemble documents and information on projects selected for accounting review, perform an investment review summarizing the project and investment structure and comparing the legal agreement to the accounting standards and provide accounting conclusions relative to the applicable accounting treatment of the investment. The individual will also update the Investment Accounting procedures and provide regular updates to supervisors. 

The individual will have technical accounting knowledge of US GAAP and/or IFRS guidance for loan/equity/guarantee investment, particularly with respect to Consolidation and Derivatives indicators. A self-starter, the candidate will be a highly disciplined individual with excellent accounting/auditing and strong interpersonal skills. S/he must be able to gain the cooperation of technical and business staff at all levels and across departmental boundaries.

Duties and Accountabilities:

The individual’s responsibilities will include:

  • On an ongoing basis, prepare and document the accounting treatment (including investment structures and background; accounting arguments and conclusions) of varying levels of complexity for IFC’s investment portfolio under the accounting guidance for Consolidation and Derivatives. This requires extensive discussions with Investment Officers and/or external clients to clarify information or obtain additional information.
  • Work with investment officers and other CNT staff to determine the appropriate accounting treatment for complex loan/equity/guarantee transactions.
  • Provide technical accounting guidance to IFC’s investment departments on proposed transaction structures and how they will be accounted for.
  • As needed, document and update the Investment Accounting procedures for monitoring and assessing “Significant Influence” factors, Consolidation, Debt Securities, Derivatives and/or other related accounting areas.
  • Work with the Accounting Policy team in CNT in formulating accounting policies for compliance with US GAAP and to ensure appropriate implementation into IFC’s books of record.
  • Regularly share key information on processes, timelines, responsibilities, expectations and potential problems with supervisors and team members and seek their input.
  • Perform other duties as assigned from time to time.

Selection Criteria

  • Minimum education: undergraduate degree in Accounting, Finance or related field and an internationally recognized professional accounting qualification (e.g. CPA, CA, ACCA or equivalent) is required.
  • Typically, the successful candidate will have had at least 5 years of relevant experience in similar or complementary roles within financial institutions and/or public accounting firms required.
  • Detailed technical accounting knowledge of the accounting for financial instruments under US GAAP (particularly with respect to Consolidation and/or Derivatives accounting) is required.
  • Excellent writing and data analysis skills, with an ability to convey effectively and precisely key messages.
  • Strong interpersonal skills and cultural awareness.
  • Excellent organizational, research, and analytical skills.
  • Experience within IFC and knowledge of its accounting systems is advantageous.

The World Bank Group values diversity and encourages all qualified candidates who are nationals of World Bank Group member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.  Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.

Please use the following link to apply: https://worldbankgroup.csod.com/ux/ats/careersite/7/requisition/954/application#1

Job #: req956
Organization: IFC
Sector: Finance & Accounting
Grade: GF
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment
Location: Washington, DC
Required Language(s): English
Preferred Language(s):
Closing Date: 11/16/2018 (MM/DD/YYYY) at 11:59pm UTC
 

Description

IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org 

Controller Department in IFC’s Risk and Financial Sustainability VPU is responsible for financial reporting and the internal control framework for IFC.  The Controller Department comprises approximately 100 diverse and highly skilled staff, of which 70 are based in Washington DC with the remaining 30 staff providing cross support to IFC located in Chennai, India.

The Loan and Equity Operations units (CNTLO-EC) within the IFC Controller Department (CNTDR) have overall responsibility for recording, servicing, and providing post-commitment support for the private sector loan, guarantee, short term finance products and programs, and the equity investments of the International Finance Corporation.

The CNTLO-EC units provide financial operations support and services to the IFC Investment Departments, counterparts, internal and external financial and investment reporting units, syndication and treasury units, and portfolio management units, in the administration and management of all IFC Loan, Guarantee, Equity, and Donor-Trust Funds financial operations.

The units ensure that loan and guarantee agreements, equity investments, and donor-trust-fund investments are recorded in the Corporation’s systems of record and general ledger accurately and timely. The units support all disbursements activities (e.g., call of funds, transfer of funds to clients, booking of disbursement data in systems of record) and all ongoing servicing functions over the life cycle of each investment, e.g. fee, interest and principal invoicing; repayment processing; specialized loan functions such as loan restructurings; equity sales and corporate actions.

The units play a key role in the decision and implementation of IT systems and upgrades as well as the implementation of new initiatives and financial products to ensure that data is recorded accurately and timely.

The CNTLO-EC work program involves significant interdependencies and requires close coordination between units within Controller such as Investment Accounting, Financial Reporting, Portfolio Review, Accounting Policy, Treasury Support and Internal Controls, and our other business partners, e.g. Investment Departments, Syndication, Treasury, Risk, Valuation, Portfolio Management, Legal, etc.

Under the immediate supervision of a Supervisor in the Loan and Equity Operations units, this position is responsible for:

  • Working closely with assigned business partners to ensure timely and accurate processing of debt and equity transactions across the lifecycle of the IFC investment (i.e. commitment, disbursement, servicing, and closing)
  • Liaise with Investment Officers and downstream business partners (Portfolio Management, Accounting, Valuation, Risk, Treasury) to ensure projects are booked and processed accurately, and unique reporting requirements are met.
  • Coordinate with CNTLO-EC business partners to plan, execute, and monitor the operational implementation of new products, initiatives, and IT projects.

Scope

  • Service transaction level loan and equity investments;
  • Advise and coordinate with counterparts from other business units on loan and equity issues as needed and respond to internal queries for information in a timely manner;
  • Contribute to process simplification, productivity improvement, and control enhancement initiatives;
  • Actively participate in the implementation of IT projects, programs and initiatives impacting CNTLO-EC, the IFC Controller department, and the Corporation.

Selection Criteria

Minimum:

  • Undergraduate degree in Accounting, Finance or related field with 3 to 5 years’ experience in Finance, Banking, Corporate/Public Accounting or equivalent combination of education and experience;

Preferred:

  • MBA, CPA or equivalent designation preferred;
  • Background in financial service industry and familiarity with banking and capital market transactions a plus;
  • Project Management Expertise (PMI or similar certification) a plus.

Required Competencies:

  • Fundamental Controllership Knowledge – Have a broad understanding of general financial transaction processes, lending instruments, accounting principles, risks and controls, and general financial concepts. 
  • Business Judgment and Analytical Decision Making – Analyze facts and data to support sound, logical decisions regarding the IFC’s financial operations.
  • Business Processes & Systems – Have a good understanding of relevant business processes and systems to service IFC’s debt, equity and guarantee financial products.  Proven ability to analyze risk factors and mitigation measures, recommend improvements, enhance internal controls, and assist with implementation.
  • Corporate Finance – Has a strong understanding of corporate finance concepts and financial instruments as demonstrated by ability to perform complex analyses and lead others in the analysis of the impact of market forces on portfolio of financial instruments
  • Financial Products – Has a strong understanding of the range of available financial instruments (e.g., IFC loan and equity instruments, guarantees, risk sharing facilities, syndication, trust funds, and other IBRD and MIGA financial instruments).
  • Financial Instruments and Transactions – Have a strong understanding of common financial instruments and transactions as demonstrated by ability to service complex financial transactions using a broad range of IT financial systems.
  • Teamwork (Collaboration) and Inclusion – Collaborate with other team members and contributes productively to the team’s work and output, demonstrating respect for different points of view. Strong interpersonal skills and cultural awareness.
  • Project Management – Effectively manage competing priorities and tight deadlines with minimal supervision.
  • Client Orientation – Takes personal responsibility and accountability for timely response to client queries, requests or needs, working to remove obstacles that may impede execution or overall success.
  • Drive for Results – Takes personal ownership and accountability to meet deadlines and achieve agreed-upon results, and has the personal organization to do so.
  • Knowledge, Learning and Communication – Actively seeks knowledge needed to complete assignments and shares knowledge with others, communicating and presenting information in a clear and organized manner.


The World Bank Group values diversity and encourages all qualified candidates who are nationals of World Bank Group member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.  Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.

Please use the following link to apply: https://worldbankgroup.csod.com/ux/ats/careersite/7/requisition/956/application#1

Job #: req958
Organization: IFC
Sector: Finance & Accounting
Grade: GF
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment
Location: Washington, DC
Required Language(s): English
Preferred Language(s):
Closing Date: 11/16/2018 (MM/DD/YYYY) at 11:59pm UTC
Description

IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org 

Controllers Department in IFC’s Risk and Financial Sustainability VPU is responsible for financial reporting and the internal control framework for IFC.  The Controllers Department comprises approximately 100 diverse and highly skilled staff, of which 70 are based in Washington DC with the remaining 30 staff providing cross support to IFC located in Chennai, India. 

The Portfolio Review unit (CNTPR) in IFC’s Financial Reporting Division in IFC’s Controllers Department provides governance and oversight, primarily from a financial reporting perspective, of IFC’s Investment Portfolio.  Specific governance responsibilities include assessing the appropriateness of specific and general loan loss reserves and reserves against other receivables, guarantees and trade finance facilities, write-downs in the Investment Portfolio and significant gains and losses impacting the financial statements. 

In addition, the unit chairs quarterly portfolio meetings with IFC Portfolio Managers that serve as focal points for discussion of portfolio issues impacting financial reporting engaging key portfolio stakeholders in Risk and Financial Sustainability and in Portfolio Management, as well as Loan and Equity Operations staff within IFC’s Controllers Department.

Given the complexity of both IFC’s portfolio and the accounting rules under which IFC prepares its financial statements (US GAAP), the function is called upon to blend knowledge about valuation principles for non-traded investments, credit analytics, and an ability to analyze macro developments impacting IFC’s Investment Portfolio with sound knowledge of complex accounting requirements to ensure proper recording of portfolio matters in IFC’s financial statements. 

CNTPR manages IFC’s new Investment Portfolio Accounting and Reporting (IPAR) system.   IPAR is an accounting and financial reporting system designed to efficiently calculate, record, and report loss provisions and impairments in IFC’s investment portfolio.  The system also provides data to enable portfolio teams to assess financial statement impact of credit ratings, loss provisions and valuations. 

CNTPR is also the primary contact for the annual external audit processes of loan loss provisioning and provides loss provisioning and portfolio reporting trainings in Headquarters and in the Field. 

The team responsible for CNTPR’s work program is co-located in Washington DC (HQ) and in WBG’s Chennai office. CNTPR is seeking a qualified Financial Officer, reporting to the Team Lead, to support its work program in Washington DC. This position provides an opportunity to utilize and obtain credit and valuation review experience of IFC’s investment portfolio worldwide, insight into the calculation of the general and specific loan loss reserves and first-hand understanding of financial reporting of portfolio investments.  The individual must have substantial experience in financial analysis with sound knowledge of US GAAP and/or IFRS as it applies to IFC and its product lines.

Roles & Responsibility:

  • On a quarterly basis, carry out an independent review of a selected portfolio of investments across portfolio investment products (loans, debt securities, equity, derivatives, guarantees and trade finance facilities), with specific focus on impairment assessment, loss reserving and overall financial statement recording and disclosures. 
  • Chair selected quarterly portfolio meetings and lead the discussions with the relevant Portfolio Managers, portfolio management staff and Investment Valuation staff, as needed.
  • On a quarterly basis, calculate and report loan loss reserves and investment portfolio write-downs to Reporting and Analysis unit (CNTRA) for inclusion into IFC’s financial statements.  Carry out all necessary quality checks to enable correct recording and reporting of these items.
  • On a quarterly basis, assist in the preparation of analytical materials for quarterly portfolio review meetings and presentation materials to Senior Management.
  • Assist in managing overall external and internal audit relationships relating to the unit’s work programs and periodic reviews by Internal and External Audit.
  • Keep abreast of new developments in accounting standards for credit impairments and support the implementation of those aspects applicable to CNTPR.
  • Actively participate in major initiatives impacting the unit’s work, including stabilization and enhancement of the IPAR system.

Selection Criteria

  • 5 – 8 years of experience in the financial services industry, certification such as CFA or CPA would be a plus; 
  • Master’s degree, preferably in business, finance, risk management or economics;
  • Knowledge of IFC’s operations and portfolio a strong plus;
  • Expertise in credit analysis, financial modeling and asset valuation in emerging markets; 
  • Sound knowledge of US GAAP and/or IFRS as it applies to IFC and its product lines;
  • Proficient organizational and time management skills; candidate should be detailed oriented and yet be able to keep sight of the overall outcome;
  • Strong verbal and written communication and presentation skills;
  • Excellent interpersonal skills, with the ability to function effectively and collaboratively in a team environment as well as individually;
  • Proven capacity to take initiative and take responsibility for own actions. 

Required Competencies:

  • Client Understanding and Advising: Strive to add value to clients in the business; understand the critical forces that shape clients’ needs.
  • Broad business thinking:  Solicit information on WBG/VPU direction, goals and industry competitive environment to determine how own area can add value to the organization and to clients. Makes decisions and recommendations clearly linked to the organization’s strategy and financial goals.
  • Communication:  Communicate in a clear, focused and respectful manner based on a solid understanding of others’ needs and WBG mission and values.
  • Analytical thinking:  Derives solutions to complex problems by applying sophisticated analytical methods and techniques. Leads the development and implementation of new quantitative methods and techniques for functional area.
  • Information technology and systems:  Uses knowledge of financial systems and applications to analyze the system impact of new accounting policies and procedures or financial products. Leads the design, testing, development and implementation of enhancements of system features and functionalities that support financial reporting activities.
  • Policies and procedure:  Interprets new accounting principles, recommending their application within the WBG. Evaluates new financial transactions and products to determine appropriate accounting and reporting requirements.
  • Project management:  Engages counterparts effectively to design appropriate risk mitigation approaches for complex projects. Manages project teams and project preparation resources effectively, ensuring that all requisite inputs are timely and integrated effectively.

The World Bank Group values diversity and encourages all qualified candidates who are nationals of World Bank Group member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.  Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.

Please use the following link to apply: https://worldbankgroup.csod.com/ux/ats/careersite/7/requisition/958/application#1

Job #: req448
Organization: IFC
Sector: Treasury
Grade: GF
Recruitment Type: Local Recruitment
Location: Washington, DC
Required Language(s): English
Preferred Language(s):
Closing Date: 11/19/2018
Description

The Treasury Client Solutions Department provides IFC’s clients with innovative forms of local currency financing with a focus on the development of domestic debt markets to help increase the capacity for long-term local currency investment. The group has global responsibility for derivative transactions (cross currency swaps, interest rate swaps, currency forwards, and Eurodollar futures), structured products (securitizations, covered bonds, credit guarantees, risk participations, structured debt funds and similar structures), and debt capital markets including IFC’s own local currency bond issuances.

IFC is conducting a search for an Associate Financial Officer/Financial Officer to join the Treasury Client Solutions Department in Washington.

 

Duties and Accountabilities:

 

His/her primary responsibilities may include, but are not limited to, the following:

  1. Develop, structure, and execute transactions to provide local currency financing solutions to IFC’s clients through debt capital markets, structured products and local currency derivatives.
  2. Build and maintain relationships with key stakeholders, including international investment banks, local banks, capital market firms, investors, and regulators, at a senior level;
  3. Market treasury products to clients, regulatory agencies, and banks;
  4. Conduct market intelligence of local and international debt capital markets
  5. Manage the preparation and execution of IFC’s local currency bond issuances and associated approval process;
  6. Design, maintain and improve financial models to structure, evaluate and price innovative transactions;
  7. Provide training and knowledge management services to internal and external clients.

Selection Criteria

  • Master’s degree in Finance, Business or Engineering or an equivalent combination of education and experience;
  • At least 5 years finance experience, preferably in fixed income (including derivatives) and/or structured finance (securitizations, credit guarantees, risk participations, structured debt funds and similar structures), within an investment bank, rating agency, or other capital-markets related entity;
  • Strong quantitative background, solid theoretical or practical knowledge of FX and Fixed Income markets, and/or structured finance, and enthusiasm for the development of domestic capital markets;
  • Ability to multi-task and to pay attention to detail under tight deadlines and strong oral and written communication skills;
  • Sound business judgment and strong negotiation skills, and good track record in transaction execution in an investment environment;
  • Experience in emerging markets and/or familiarity with IFC’s investment process would be a plus; Focus on South and/or East Asian markets is an advantage
  • Willingness to travel frequently;
  • Highly motivated, results-oriented self-starter with proven capacity for teamwork;
  • Advanced knowledge of Excel, Bloomberg or Reuters is a plus;
  • Fluency in English is a must. Additional language skills would be a plus.IFC offers rewarding careers in a challenging environment that allows for professional and personal growth
  • An exciting opportunity to work in key areas of strategic priority within IFC;
  • Exposure to a wide variety of transaction structures, asset classes, sectors and markets;
  • Client focus with potential to participate in due diligence missions and negotiations;
  • Work in a truly multicultural environment within IFC;
  • Join in IFC’s mission to promote sustainable private sector investment in developing countries, creating opportunity and improve people’s lives;
  • Exposure to cross-currency derivatives markets, local currency bond issuances, as well as structured finance transactions covering various asset classes and geographic markets; Facilitate first-time transactions in emerging markets.

The World Bank Group values diversity and encourages all qualified candidates who are nationals of World Bank Group member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.  Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.

Use the following link to apply: https://worldbankgroup.csod.com/ux/ats/careersite/7/requisition/448/application#1