Treasury Operations Associate

Job Posting Organization:
The World Bank Group is a prominent global institution established to provide funding and knowledge to developing countries. It is a unique partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and over 120 offices worldwide, the World Bank collaborates with public and private sector partners to invest in innovative projects and leverage data, research, and technology to address urgent global challenges. The organization has a long-standing reputation for its commitment to improving the lives of people in developing nations through financial support and strategic partnerships.

Job Overview:
The Treasury Operations Associate position is a critical role within the Treasury department of the World Bank, specifically located in Chennai, India. This position is integral to the Treasury Operations team, which provides essential operational support for the Treasury's asset management, capital markets, and banking businesses. The Treasury department has a significant presence in international financial markets and is responsible for managing approximately $195 billion in assets. The role involves working closely with various teams, including those in Washington D.C. and Sofia, Bulgaria, to ensure the smooth execution of the Treasury Operations work program. The incumbent will be involved in cash investigations, reconciliation, and accounting, focusing on maintaining accurate financial records and ensuring compliance with internal and external standards. The position requires a proactive approach to problem-solving and a commitment to delivering high-quality results in a fast-paced environment.

Duties and Responsibilities:
The Treasury Operations Associate will have a diverse set of responsibilities, including but not limited to: performing daily cash reconciliations for various cash flows related to asset management; investigating discrepancies and preparing reports on findings; assisting in the submission of monthly reconciliation reports; supporting the maintenance of static data and reporting templates; processing cash payment and receipt investigations; liaising with internal and external partners to resolve payment issues; assisting in the month-end book close process; preparing necessary reports and adjustments; identifying automation opportunities to enhance operational efficiency; and participating in ad-hoc tasks as assigned. The role may require working in shifts to align with global operations and may involve observing the US holiday calendar.

Required Qualifications:
Candidates must possess a Bachelor’s degree in commerce, accounting, finance, business administration, or computer applications, along with at least three years of relevant professional experience. A postgraduate degree in a similar field is advantageous. Applicants should have knowledge and experience in financial instruments, cash and custody reconciliation, and reporting processes. Familiarity with payment processing, including SWIFT payments and ACH clearing, is essential. Strong quantitative and analytical skills are required, along with proficiency in programming languages such as Python and Excel Macro writing. Excellent communication skills, both written and verbal, are necessary for effective interaction with clients and colleagues. The ability to learn new technologies quickly and a high level of initiative are also important.

Educational Background:
The educational background required for this position includes a Bachelor’s degree in a relevant field such as commerce, accounting, finance, business administration, or computer applications. Candidates with postgraduate degrees in these disciplines will have a competitive advantage. The role demands a solid understanding of financial instruments and reconciliation processes, which may be supported by relevant coursework or certifications.

Experience:
The position requires a minimum of three years of relevant professional experience in financial operations, particularly in areas related to cash management, reconciliation, and accounting. Experience with financial instruments, trading systems, and reporting processes is highly desirable. Candidates should demonstrate a proven track record of successful project involvement and process improvement initiatives.

Languages:
The mandatory language for this position is English. Proficiency in additional languages may be considered an asset but is not required. Strong communication skills in English are essential for effective collaboration with international teams and stakeholders.

Additional Notes:
This is a temporary position with a term duration of one year, subject to renewal at the discretion of the World Bank Group. The role is classified as ET4 and involves local recruitment. Candidates are expected to work from the office in Chennai and comply with the World Bank Group's return-to-office guidelines. The position may require working in shifts to accommodate global operations, and candidates should be prepared to observe the US holiday calendar. The selected candidate will be offered a one-year appointment, which counts towards a lifetime maximum of three years for ET appointments.