Financial Officer

Job Posting Organization:
The World Bank Group (WBG) is a global organization that aims to address the world's most pressing development challenges. Established to provide financial and technical assistance to developing countries, the WBG operates in 145 countries with over 182 offices worldwide. The organization focuses on investing in people, strengthening markets, and delivering scalable, data-driven solutions to improve lives. With a workforce that includes diverse professionals from various disciplines and cultures, the WBG is committed to fostering partnerships with governments, the private sector, and development partners to create jobs and enhance economic opportunities.

Job Overview:
The Financial Officer position at the World Bank Group is a critical role within the Treasury sector, specifically under the Vice Presidency for Treasury (VPU). This position involves supporting the balance sheet management of the International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), and International Finance Corporation (IFC). The Financial Officer will engage in asset-liability management (ALM) analysis, policy development, and stakeholder engagement, requiring strong analytical skills and sound judgment. The role is designed for individuals who can collaborate effectively across various units within the organization and contribute to the development of financial products and policies that align with the WBG's mission. The successful candidate will be expected to maintain relationships with key stakeholders in the capital markets and contribute to the governance reporting processes.

Duties and Responsibilities:
The Financial Officer will be responsible for a range of duties including: supporting the analysis, structuring, and execution of derivatives for risk management, funding, liquidity, and balance sheet objectives; maintaining relationships with banks, underwriters, counterparties, shareholders, rating agencies, and other capital markets stakeholders; conducting ALM analysis, including valuation, risk measurement, capital, liquidity, ratings, and scenario assessments; collaborating with WBG units to structure and implement financial solutions consistent with policy and risk parameters; contributing to ALM, funding, liquidity, financial sustainability, and governance papers; supporting the cross-functional development of financial products, analytical frameworks, and policy responses; and preparing clear and timely reports, briefings, presentations, and stakeholder responses. Additionally, the Financial Officer will support knowledge sharing, process improvements, and other team priorities.

Required Qualifications:
Candidates must possess a Master’s degree in a relevant field along with at least five years of relevant experience, or an equivalent combination of education and experience. Experience in asset-liability management (ALM), financial policy, risk management, treasury, or capital markets is essential. Familiarity with multilateral development banks (MDBs) is desirable. Candidates should have a strong knowledge of derivatives, valuation, hedging, liquidity, funding, capital adequacy, and balance sheet risk. The ability to engage effectively with diverse stakeholders, along with excellent English writing and communication skills for management and governance audiences, is crucial. Candidates should also demonstrate strong collaboration, stakeholder engagement, and problem-solving skills, as well as knowledge of WBG financial products, policies, governance, and ALM topics, which is highly desirable.

Educational Background:
A Master’s degree in finance, economics, business administration, or a related field is required for this position. This educational background should provide the candidate with a solid foundation in financial principles, analytical techniques, and economic theory, which are essential for the role of Financial Officer within the World Bank Group.

Experience:
The position requires at least five years of relevant professional experience in areas such as asset-liability management, financial policy, risk management, treasury operations, or capital markets. Candidates with experience in multilateral development banks or similar international financial institutions will be given preference. The role demands a high level of analytical capability and the ability to manage complex financial transactions and stakeholder relationships effectively.

Languages:
Proficiency in English is mandatory for this position, as it is the primary language of communication within the World Bank Group. While English proficiency is essential, knowledge of an additional language is considered a plus and may enhance the candidate's profile. The willingness to travel may also be beneficial for this role, as it may involve interactions with stakeholders in various countries.

Additional Notes:
This position is classified as an Open-Ended Staff role, indicating that it does not have a predetermined end date. The recruitment is international, allowing candidates from various countries to apply. The World Bank Group offers a comprehensive benefits package, which includes a retirement plan, medical, life and disability insurance, and paid leave, including parental leave. The organization is committed to diversity and inclusion, ensuring equal opportunities for all candidates regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.