Financial Officer

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. 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, Quantitative Modeling and Market Data Research (TREQM) is responsible for developing and implementing quantitative models, and financial solutions for various business units within WBG. These models are used for pre-trade analysis, pricing, valuation and exposure calculations. The team is also responsible for market data research and configuration for new markets and any new developments or changes in these markets. Duties and Accountabilities: The Financial Officer will be a member of TREQM that focuses on quantitative modeling to support the Funding Activity, structured products, blended finance, and market data research and configuration for new markets with roles and responsibilities outlined below: • 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 and other business units, 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 and other business areas, 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 and other business areas transactions. • Contribute to the market data research, follow up, and configuration for new markets including but not limited to system readiness and sourcing market data, propose and review curves construction, validate valuation results. • Keep abreast of market development in quantitative models and market data and contribute to enhancement of 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 enquiries related to Capital Markets, and risk management products. • Provide training and guidance for Junior staff. • Any other duties as assigned.