Temporary - Senior Financial Assistant

Job Posting Organization:
The World Bank Group is a prominent global partnership consisting of five institutions dedicated to ending extreme poverty and promoting shared prosperity. Established with 189 member countries, the organization operates in over 120 offices worldwide, focusing on funding and knowledge sharing for developing countries. The World Bank Group aims to improve living standards and combat poverty through financial resources and extensive experience, working closely with public and private sector partners. The organization is committed to diversity and encourages individuals with disabilities to apply. The World Bank Group has a significant presence in international financial markets and is recognized for its prudent and innovative approaches to borrowing, investing, and risk management.

Job Overview:
The Senior Financial Assistant position within the World Bank's Treasury Operations department involves a range of responsibilities related to post-execution activities for various financial products, including fixed income securities, derivatives, and cash products. The role requires collaboration with internal teams and external counterparts to ensure the smooth settlement of transactions and effective management of credit exposure. The position is integral to supporting the Treasury's operations, which include managing substantial assets and leading innovative projects in financial technology. Candidates will be expected to work on-site in Sofia, contributing to a team that emphasizes efficiency, risk management, and client service. The role also includes opportunities for professional development and participation in capacity-building initiatives for clients.

Duties and Responsibilities:
The primary responsibilities of the Senior Financial Assistant include performing post-execution activities for fixed income securities, derivatives, and cash products. This involves ensuring the settlement of over 6,500 transactions, resolving discrepancies with counterparties, and managing collateral for the institution's credit exposure. The candidate will work closely with various internal departments such as Accounting, Banking, and Legal, as well as external entities like custodians and fiscal agents. Additionally, the role requires assisting in the development and implementation of Treasury procedures and standards, as well as creating training initiatives to enhance skills and knowledge transfer. Flexibility in working hours may be necessary to meet production and reporting deadlines.

Required Qualifications:
Candidates must possess a degree in Data Analytics, Computer Science, Information Systems, Finance, Economics, Accounting, or a related business discipline. Professional certifications such as CFA are advantageous. A minimum of 1-2 years of relevant professional experience is preferred. Strong analytical skills, familiarity with Python, and knowledge of financial tools such as Swift and Bloomberg are essential. Candidates should demonstrate the ability to multi-task, deliver results under pressure, and possess strong interpersonal skills to work effectively in a diverse team environment.

Educational Background:
A bachelor's degree in a relevant field such as Data Analytics, Computer Science, Information Systems, Finance, Economics, or Accounting is required. Additional professional certifications, particularly in finance, are considered a plus and may enhance a candidate's qualifications for the role.

Experience:
The position requires candidates to have at least 1-2 years of professional experience in a related field. This experience should ideally include exposure to financial markets, asset management, or treasury operations, with a strong emphasis on analytical skills and familiarity with financial technology.

Languages:
Proficiency in English is mandatory for this position. Additionally, having proficiency in a second language is considered a plus, which may enhance communication and collaboration with diverse stakeholders.

Additional Notes:
This is a temporary position with a contract duration of one year, renewable at the discretion of the World Bank Group. The role is classified under local recruitment, and candidates are expected to work on-site in Sofia at least four days a week. The position is part of the Treasury Operations department, which plays a crucial role in managing the World Bank's financial activities. The selected candidate will be part of a team that has received recognition for innovation in reserves management and asset servicing initiatives.