Financial Analyst

Job Posting Organization:
The World Bank (WB) is a prominent global institution established to provide funding and knowledge to developing countries. It is a unique partnership of five institutions: IBRD, IDA, IFC, MIGA, and ICSID, all dedicated to ending extreme poverty, increasing shared prosperity, and promoting sustainable development. The organization has 189 member countries and operates over 120 offices worldwide, engaging with both public and private sector partners to invest in innovative projects and utilize data, research, and technology to tackle urgent global challenges. The World Bank's mission is to create a world free of poverty and to foster sustainable economic growth, making it a vital player in international development.

Job Overview:
The Financial Analyst position at the World Bank in Chennai is integral to the Structured Finance Division (WFASF), which focuses on product control functions for financial instruments, including borrowings, derivatives, and investments. The role involves working collaboratively within a team to manage the accounting and pricing/valuation of financial instruments, as well as implementing various projects. The Financial Analyst will be responsible for producing and reviewing valuations, analyzing market data, ensuring quality control, and verifying trade setups. This position requires a proactive approach to problem-solving and the ability to interact with various stakeholders, including internal and external auditors, to ensure compliance with financial policies and procedures. The role also emphasizes the importance of maintaining high ethical standards and delivering results that meet client needs.

Duties and Responsibilities:
The Financial Analyst will have a comprehensive set of responsibilities, including: producing and reviewing valuations for financial instruments using systems like Numerix OneView and Murex; analyzing and comparing valuations against counterparty valuations; preparing and ensuring the quality of market data; verifying trade setups; computing lending rates; applying internal controls; identifying and resolving discrepancies; developing expectations and performing analyses; preparing financial and management reports; coordinating with auditors; interacting with WFA colleagues and Treasury units; identifying process improvement opportunities; leading institutional projects; maintaining documentation and internal controls; and mentoring junior staff. The role requires a commitment to achieving individual and team results while adhering to the highest ethical standards.

Required Qualifications:
Candidates must possess a Bachelor’s degree in Engineering, Mathematics, Physics, Finance, or Economics, along with a minimum of 3 years of relevant experience or an equivalent combination of education and experience. Additional qualifications such as CFA, FRM, CA, CPA, ACCA, or CGMA are preferred. A Master’s degree in Accounting, Finance, or Economics may be considered in lieu of the aforementioned certifications. Professional experience with major financial institutions and practical knowledge of product control functions related to financial instruments is essential. Candidates should also demonstrate strong analytical skills, proficiency in financial modeling, and familiarity with programming languages such as Python.

Educational Background:
The educational background required for this position includes a Bachelor’s degree in a relevant field such as Engineering, Mathematics, Physics, Finance, or Economics. Advanced degrees such as a Master’s in Accounting, Finance, or Economics are advantageous and may substitute for certain professional certifications. Candidates with additional qualifications like CFA, FRM, CA, CPA, ACCA, or CGMA will be given preference, highlighting the importance of a strong academic foundation in finance and analytical skills.

Experience:
The position requires a minimum of 3 years of relevant experience in analysis" style="border-bottom: 1px dotted #007bff !important;">financial analysis, particularly within major financial institutions. Candidates should have practical knowledge of product control functions, including valuation and accounting of financial instruments. Experience in supporting the implementation of financial systems and tools, as well as a proven track record of delivering results under tight deadlines, is crucial for success in this role.

Languages:
The mandatory language for this position is English. Proficiency in additional languages may be considered beneficial but is not explicitly required. The ability to communicate effectively in English, both verbally and in writing, is essential for collaboration and reporting within the organization.

Additional Notes:
This position is a local recruitment opportunity based in Chennai, India, with a term duration of 3 years. The World Bank Group offers a comprehensive benefits package, including retirement plans, medical, life, and disability insurance, as well as paid leave, including parental leave. The organization is committed to diversity and inclusion, ensuring equal opportunities for all candidates regardless of gender, religion, race, ethnicity, sexual orientation, or disability. The role emphasizes a culture of empowerment, accountability, and a sense of urgency in addressing client needs.