Financial Officer

At the World Bank, a member of the World Bank Group (WBG), you’ll join a diverse, global community working across cultures, disciplines, and borders to address the world’s most pressing development challenges. With 1.2 billion young people reaching working age in the decade ahead, the challenge of job creation has never been greater. Through partnerships across 145 countries and more than 182 offices worldwide, we work with governments, private sector, development partners and other stakeholders to invest in people, strengthen markets, and deliver scalable, data-driven solutions that generate more and better jobs and improve lives. For more information, visit https:// www.worldbank.org/en/who-we-are/ibrd The Pension and Endowments Department (PEN) is responsible for the financial management and administration of the World Bank Group's funded benefit plans, including the retirement scheme - the Staff Retirement Plan, the retiree medical and life insurance programs - the Retired Staff Benefits Plan, and other ancillary benefits. Financial management includes asset management responsibilities and actuarial support. PEN manages about $48 billion invested across a range of asset classes, from fixed income to public equities to private equity, real assets and absolute return strategies. The Pension Finance Committee, appointed by the Bank Group President and chaired by the Chief Financial Officer, has oversight responsibility for the financial management of the plans. The Pension Middle Office team (PENMO) under PEN is responsible for providing a full range of functions supporting these investment activities, including the following: i) pension plan operational activities, ii) preparation of pension plans financial statements, iii) pension investment performance and attribution, iv) monitoring asset class exposures, v) all investment asset pricing and valuation, and vi) third-party clients’ reporting. Duties and Accountabilities: • Serve as the primary business counterpart to ITS and technology vendors for PENMO digital transformation, AI, automation, reporting, and data initiatives. • Develop and maintain PENMO business technology roadmap aligned with strategic and operational objectives. • Provide technical inputs and support for the implementation and enhancement of the Portfolio Management System and Private Book of Record, ensuring the platforms support consolidated holdings, exposure monitoring, performance measurement, liquidity management, and private markets administration across all investment portfolios. • Act as the bridge between business stakeholders and technical teams by translating operational requirements into technology solutions and implementation plans. • Lead discovery and assessment of business processes to identify opportunities for automation, AI enablement, workflow optimization, and enhanced decision support. • Define business requirements, functional specifications, use cases, success criteria, and benefit realization metrics. • Partner with ITS to design and deliver solutions that meet business needs while adhering to organizational standards and governance requirements. • Prioritize, manage and support the implementation of a portfolio of technology initiatives supporting investment operations, accounting, performance measurement, valuation, and reporting. • Oversee user acceptance testing, change management, training, adoption, and post-implementation reviews. • Evaluate emerging technologies, AI capabilities, and industry practices, and recommend practical applications that improve business outcomes. • Establish governance processes for business-owned AI and automation solutions and ensure compliance with responsible AI, data management, and information security policies. • Advise management on technology investment decisions, process improvements, and opportunities for operational efficiency and risk mitigation. • Mentor staff and promote innovation, digital literacy, and continuous improvement across the department. • Keep abreast of industry’s best practices and technological improvements pertaining to the team’s functions.