Financial Officer

Job Posting Organization:
The World Bank Group, established to provide funding and knowledge for developing countries, is a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and over 120 offices worldwide, the organization collaborates with public and private sector partners to invest in groundbreaking projects and utilize data, research, and technology to address urgent global challenges. The World Bank Group is committed to diversity in race, gender, nationality, culture, and educational background, encouraging individuals with disabilities to apply. The organization operates in more than 100 developing economies, focusing on improving living standards and fighting poverty through financial resources and extensive experience.

Job Overview:
The Financial Officer position at the World Bank involves a critical role within the Treasury department, which is responsible for managing approximately $250 billion in assets and leading financing programs in international and domestic markets. The officer will be expected to design and develop technology tools, such as AI and machine learning applications, to enhance post-execution activities related to fixed income and derivatives. The role requires collaboration with various internal and external stakeholders, including traders, accountants, and custodians, to ensure the smooth settlement of transactions and effective management of credit exposure. The officer will also lead technology implementations, develop training initiatives, and ensure compliance with Treasury procedures and standards. This position is integral to advancing the World Bank's mission of supporting developing countries through innovative financial solutions and capacity-building initiatives.

Duties and Responsibilities:
The primary responsibilities of the Financial Officer include designing and developing technology tools for post-execution activities related to fixed income and derivatives, managing relationships with internal and external stakeholders, overseeing the settlement of a large volume of transactions, and performing collateral management tasks. The officer will collaborate across teams to lead technology enhancements, develop and implement compliance procedures, and create training initiatives to share knowledge with clients. Additionally, the officer will be responsible for monitoring and managing the institution's credit exposure and ensuring the efficient execution of trade activities, including documentation and cash management.

Required Qualifications:
Candidates must possess a degree in Computers, Data Analytics, Finance, Economics, Accounting, or a related business discipline, along with at least 5 years of relevant experience. Professional certifications such as CFA are advantageous. A deep knowledge of AI, Python, and Microsoft tools is essential, as well as experience with Treasury systems and operations. Strong analytical skills, both quantitative and qualitative, are required, along with the ability to manage multiple tasks and deliver results under tight deadlines. Candidates should demonstrate original thinking, quick learning abilities, and strong communication skills, with a commitment to working in a diverse and respectful environment.

Educational Background:
A degree in a relevant field such as Computers, Data Analytics, Finance, Economics, or Accounting is required. Additional professional certifications, particularly in finance, are preferred and will enhance a candidate's qualifications for the role.

Experience:
Candidates should have a minimum of 5 years of experience in a related field, with a strong background in Treasury operations, including securities and derivatives. Experience in managing relationships with depositories, agents, and custodian banks is a plus. The role requires a proven ability to handle multiple concurrent transactions and respond effectively to client needs.

Languages:
Fluency in English is mandatory for this position. Proficiency in a second language is considered a plus, enhancing the candidate's ability to engage with a diverse range of stakeholders.

Additional Notes:
This position is a full-time role with a term duration of 3 years. The recruitment is international, and the World Bank Group offers comprehensive benefits, including a retirement plan, medical and life insurance, paid leave, and reasonable accommodations for individuals with disabilities. The organization is committed to being an equal opportunity employer, promoting diversity and inclusion in the workplace.