E T Consultant

Job Posting Organization:
The World Bank is a prominent international financial institution established to provide financial and technical assistance to developing countries. It is a unique global partnership comprising five institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). The World Bank's mission is to end extreme poverty and promote shared prosperity by fostering sustainable development. With 189 member countries and over 120 offices worldwide, the organization plays a crucial role in addressing global challenges through funding, knowledge sharing, and partnerships with both public and private sectors. The World Bank is committed to investing in innovative projects and utilizing data, research, and technology to develop effective solutions for the most pressing issues faced by developing nations. For more information, visit www.worldbank.org.

Job Overview:
The E T Consultant position at the World Bank is a critical role within the Finance & Accounting (WFA) Vice Presidency, which oversees financial reporting, internal controls, and the management of Trust Fund and Partnership portfolios. The consultant will be part of the Structured Finance Division (WFASF), which focuses on product control functions for various financial instruments, including borrowings, derivatives, and investments. The consultant will be responsible for delivering market data and valuation work, ensuring the accuracy and reliability of financial data, and collaborating with various stakeholders across the organization. This role requires a strong analytical mindset, proficiency in valuation systems, and the ability to communicate effectively with both internal teams and external partners. The consultant will also play a key role in training and guiding less experienced staff, contributing to the overall capacity building within the division.

Duties and Responsibilities:
The duties and responsibilities of the E T Consultant include reviewing valuations for financial instruments in the IBRD/IDA portfolios using Murex and Numerix modeling tools, ensuring the quality assurance of calculated market data, and evaluating data sources for reliability. The consultant will analyze market movements and formalize results into procedures and reporting, prepare market data validation proposals, and secure necessary approvals. Additionally, the consultant will implement models for vanilla and structured products, compare WB valuations with counterparty valuations, and review market data related to interest rates, foreign exchange, equity, and credit. The consultant will participate in projects to enhance current applications, coordinate with stakeholders across the World Bank and other financial institutions, and provide training and direction for less experienced staff.

Required Qualifications:
Candidates for the E T Consultant position must possess a Master's degree in Finance, Mathematics, Engineering, or a relevant discipline. A professional finance or accounting qualification such as CFA, FRM, CA, CPA, or ACCA is highly desired. The role requires a minimum of two years of relevant work experience, preferably with major financial institutions or a Big 4 accounting firm, along with practical knowledge of interest rate curve construction, yield and FX volatility surfaces, and Bond/Swap valuation methods for structured instruments. Candidates should demonstrate comprehensive expertise in valuation systems such as Numerix Oneview and Murex, as well as a strong understanding of fixed income and debt derivative products.

Educational Background:
The educational background required for the E T Consultant position includes a Master's degree in Finance, Mathematics, Engineering, or a related field. Additionally, candidates are encouraged to hold a professional finance or accounting qualification, such as CFA, FRM, CA, CPA, or ACCA, which would enhance their candidacy and demonstrate their commitment to the field.

Experience:
The position requires a minimum of two years of relevant work experience. Candidates should have professional experience with major financial institutions or a Big 4 accounting firm, where they have gained practical knowledge of interest rate curve construction, yield and FX volatility surfaces, and Bond/Swap valuation methods for structured instruments. This experience is crucial for the consultant to effectively perform the duties associated with the role and contribute to the team's objectives.

Languages:
The mandatory language requirement for this position is English. Proficiency in English is essential for effective communication within the organization and with external stakeholders. While no additional languages are specified as preferred, having knowledge of other languages could be beneficial in a multicultural work environment.

Additional Notes:
The E T Consultant position is a one-year appointment, with the possibility of renewal at the discretion of the World Bank Group. The appointment is subject to a lifetime maximum of three years for ET positions. If an ET appointment ends before a full year, it is considered a full year toward the lifetime maximum. The World Bank Group is committed to being an equal opportunity and inclusive employer, ensuring that all candidates are evaluated based on their qualifications and abilities without discrimination based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. The selected candidate will be expected to work in a team-oriented, multi-cultural environment and will have the opportunity to contribute to significant global development initiatives.