Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank consists of two entities – the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). It is a global development cooperative owned by 189 member countries. As the largest development bank in the world, the World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and creditworthy low-income countries, and coordinates responses to regional and global challenges. Visit www.worldbank.org.
ITS Vice Presidency Context:
Information and Technology Solutions (ITS) enables the WBG to achieve its mission of ending extreme poverty and promote shared prosperity in a sustainable way by delivering transformative information and technologies to its staff working in over 150 locations.
Our vision is to transform how the Bank Group accomplishes its mission through information and technology. In this fast-paced, ever-changing world, the formulation and implementation of the ITS strategy is an ongoing, iterative process of learning and adaptation developed through extensive consultations with business partners throughout the World Bank Group.
ITS shapes its strategy in response to changing business priorities and leverages new technologies to achieve three high-level business outcomes: business enablement, by providing Bank Group units with innovative digital tools and technologies to transform how they deliver value for their clients; empowerment & effectiveness, by ensuring that all Bank Group staff are connected, able to find information, and productive to accelerate the delivery of development solutions globally; and resilience, by equipping the Bank Group to provide risk-based cybersecurity and robust data protection for a global network and a growing cloud platform.
Implementation of the strategy is guided by three core principles. The first is to deliver solutions for business partners that are customer-centric, innovative, and transformative. The second is to provide the Bank Group with value for money with selective and standard technologies. The third principle is to excel at the basics by providing a high performing, robust, and resilient IT environment for the organization.
WBG Finance ITS Unit Context
WBG Finance (ITSFI) is responsible for providing high quality, streamlined information and technology solutions for the World Bank’s Financial services, which include Corporate Finance, Risk Management, Controls, Treasury, Loans, Accounting, and Concessional finance (managing donor contributions from inception to the point of final disbursement, including IDA, Financial Intermediary Funds and Trust Funds). ITSFI is additionally responsible for building its IT services using a shared platform that provides scale, leverage, reliability, and control while at the same time improving responsiveness to emerging business needs. This position is within WBG Risk Management and Analytics (ITSRA), the division of ITSFI responsible for IT services for all World Bank Group Risk Management functions across multiple vice presidencies in IBRD and IFC.
Job Opportunity
ITSRA is seeking an experienced, motivated and ambitious IT Officer, with extensive experience in Capital Markets domains with primary focus in the areas of Issuances, Valuation, Settlement, Accounting, Liquidity management as well as knowledge of external ratings of securities and financial counterparts.
Core responsibilities include (i) understand business needs as it relates to liquidity management domain with very good knowledge of the WB Loan products, IDA products, Capital market products and Investment products; (ii) minimize gaps, redundancies, rework, and duplication of effort by coordinating new requirements with Business Sponsors and project governance bodies, (iii) ensure that the product based solutions are executed under ITS’s strategic guidelines (technology standards, development methodology, outsourcing/offshoring… etc.), (iv) gain an in-depth understanding of the business and its underlying processes and data and provide technical leadership to the application support team post product launch (v) document business requirements in bank standard tools/templates ensuring the requirements meet quality standards, (vi) analyze requirements and various scenarios associated with each requirement, and (vii) prepare test cases, perform systems integration testing, document test results, regression testing, and assist users with User Acceptance testing.
Duties and Accountabilities
The candidate will actively contribute to transform the business needs into a system that is effective and addresses the business inefficiencies that is sustainable in the long run. The candidate will understand and assist the technical team in the design and implementation of systems.
Specific responsibilities include:
•Act as Business Analyst for Capital Markets line of business within Treasury. Specifically, this includes Liquidity Management, Issuances, buybacks, derivatives, valuations of issuances/buybacks/derivatives, trade life cycle, accounting, debt allocation as well as applications associated with these capabilities.
•Build stakeholder consensus and ensure everyone is on the same page, in agreement, and can visualize the solution being proposed.
•Develop business cases, requirements, use cases, test plans, test strategies, test cases, and operational procedures and plans.
•Coordinate with fiduciary reviewers like Enterprise Architects, OIS by providing them the information using their artifacts and support related security testing.
•Participate in the procurement of COTS solution where necessary including preparation of Request for Proposals (RFP), cost estimates, benefits realization summary, inputs for procurement committee, and IT Governance.
•Ability to effectively prioritize requirements and maintain scope on a tight leash.
•Document business processes and workflows.
•Collaborate with Project Managers, Tech Leads, Solution Architects, Developers etc to determine if solutions currently exist (internally or externally) or whether new solutions are feasible to meet business requirements and mee.t project milestones and timelines.
•Leverage rapid prototyping approaches to present as-is/to-be processes/workflows and rough designs of the proposed solution.
•Provide overall support to ensure the successful design, testing, and implementation of applications that support the business unit, Also, provide support in developing training materials and conducting training.
•Maintain a comprehensive chronological trail of requirements and agreements and actively contribute to the project change control process. Document and manage issues and actions.
•Participate in the evaluation of new products or initiatives to determine the technology support required.
•Evaluate applications and IT environments, and analyze gaps between current and desired states.
•Propose recommendations based on industry best practices.
•Coordinate with vendors and oversee their deliverables.(This includes reviewing proposed solutions and delivered code.)
•Train business users on applications.
•Uphold established processes and quality standards with respect to Business Analysis.
•In a post-production environment troubleshoot systems and provide solutions to the business as well as the technical teams.