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Associate Financial Officer

Job #: req14584
Organization: IFC
Sector: Treasury
Grade: GF
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment
Location: Washington, DC,United States
Required Language(s): English
Preferred Language(s):
Closing Date: 1/28/2022 (MM/DD/YYYY) at 11:59pm UTC

 

Description

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit www.ifc.org

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 sharing facilities, structured debt funds and similar structures), and debt capital markets including IFC's own local currency bond issuances as well as managing IFC’s market-funded balance sheet jointly with other Treasury units. 

IFC is conducting a search for an Associate Financial Officer to join the Treasury Client Solutions (TCS) Department in Washington D.C. focusing on the Asset and Liability Management of IFC’s market-funded balance sheet. 

Note: The selected candidate will be offered a 3-year term appointment.

Duties and Accountabilities

• Take shared responsibility for leading the day-to-day Asset and Liability Management (ALM) of IFC’s market-funded portfolio;

• Monitor, analyze and reconcile currency, interest rate and other market risk exposures, as well as make recommendations for hedging actions; 

• Proactively identify and troubleshoot ALM related issues as they relate to systems, databases or pricing engines as a part of daily ALM;

• Work closely with other Treasury units to ensure the delivery of the required analytical and ALM-related outputs, reports and help prepare for management reviews in an accurate and efficient manner;

• Liaise with internal stakeholders in managing IFC’s asset liability exposures; 

• Contribute to the development of policies, procedures and setting of limits related ALM and TCS business more generally and update ALM processes to accommodate new products; and 

• Collaborate with the senior staff in streamlining and improving the overall ALM processes, various reporting and data analytics needs related to LIBOR and SOFR portfolios as well as overall business functions performed by Treasury Client Solutions Department. 

Selection Criteria

• MBA or master’s degree with at least 4–8 years of relevant experience or an equivalent combination of education and experience. Degree in quantitative discipline such as Finance, Financial Engineering, Economics, Financial Mathematics, Math, Physics, Statistics, Engineering  or related fields is an advantage;
• Substantial experience commensurate with the role in the areas of Asset-Liability Management (ALM), fixed income products and valuation (including derivatives and foreign exchange), market risk management and/or quantitative modelling and analytics;
• Strong theoretical foundation and quantitative skills in finance including data analytics skills, experience in handling/querying large data sets and understanding of financial/business databases;
• Ability to make relevant inferences and recommendations based on the ALM / exposure reporting as well as to identify and troubleshoot potential discrepancies;
• Attention to detail and comfort in multitasking; ability to work independently and with teams; accountability for timely delivery of day-to-day ALM;
• Ability to proactively contribute to ALM initiatives and projects (e.g. policies, processes, reporting, limits, improvements, etc) with solid technical understanding and good project management skills; 
• Excellent written and verbal communication skills with ability to present and synthetize data, draft appropriately focused documents and influence outcomes; 
• Knowledge of treasury-related information systems and/or local currency operations is a plus;
• Experience in programming and analyzing financial data (SQL), and advanced knowledge of Excel, Bloomberg or Reuters is a is a plus;  and
• Fluency in spoken and written English is a must. 

IFC offers rewarding careers in a challenging environment that allows for professional and personal growth with: 

• An exciting opportunity to work in key areas of strategic priority within IFC;
• 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;
• Gain experience in the management of currency and interest rate mismatches related to IFC’s local currency and derivatives business across Emerging Markets;
• Exposure to Treasury Client Solutions products across various asset classes and geographic markets;

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.