E T Consultant

Do you want to build a career that is truly worthwhile? The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org.

Treasury is the Vice Presidency, reporting to the Managing Director and World Bank Group Chief Financial Officer, performing treasury functions for the IBRD and IDA and, to varying degrees, for other members of the World Bank Group and other public sector investors. Its activities are organized and grouped into the following departments: Capital Markets & Investment Management, Client Asset Management and Advisory, Treasury Client Solutions and Treasury Operations.

Treasury has been a large and significant player in the international financial markets for over seventy years and has achieved a global reputation as a prudent and innovative borrower, investor, and risk manager. Treasury is responsible for: (i) managing $333 billion in assets for the World Bank and other official sector investors; (ii) leading IBRD’s and IDA’s triple-A rated financing programs in international and domestic bond and derivative markets; (iii) conducting asset and liability management for IBRD’s and IDA’s balance sheets; (iv) overseeing the development and outreach related to the financing and hedging products the Bank provides for its developing-country clients; and (v) collaborating with the World Bank member countries to help build their capacity. Staff in Treasury regularly interact and collaborate with other Departments across the Bank and Finance Partners teams.

Treasury Operations is the Department (TREOP) which provides a full range of middle and back-office support for Treasury’s asset management, capital markets and banking functions. The Department is organized in three operational units: Treasury Asset & Liability Operations (TREAL), Quantitative Solutions and Analytics (TREQA), and Banking Operations (TREBK).

Banking Operations (TREBK) ensures all World Bank payments, receipts, and FX related to corporate cash activity are processed and performs key reconciliation controls and reporting over cash transactions and investment portfolios. The unit consists of four teams responsible for coordinating to execute the work program: (1) cash planning and ensuring all FX conversions are executed to meet the Bank’s liquidity needs and processing payments and receipts for proper accounting; (2) managing bank accounts and relationships with all corporate banking counterparts: (3) performing controls to ensure the completeness, accuracy and validity of all cash and security positions, investigating and resolving differences with external records, and financial reporting of cash balances and external client reporting of investment holdings; and (4) managing the WBG’s Swift infrastructure and maintaining SSIs and key static data related to payment and receipt processing. TREBK staff members are in the Bank’s Washington DC headquarters, in the Shared Service Centers in Chennai, India and Sofia, Bulgaria.

Duties and Accountabilities:

Under the guidance and supervision of a Team Lead, the selected candidate will have responsibilities for specific individual tasks/projects within TREBK’s Banking Relations and Cash Management team in executing the work program, while maintaining close relationships with the other Treasury departments and departments across WBG. Cross training between TREBK’s Banking Relations and Cash Management team will be expected, and daily responsibilities may vary based on rotations. His/her primary responsibilities will include, but are not limited to, some combination of the following activities:

Cash Management

• Perform daily cash planning, ensuring that corporate bank accounts are properly funded to meet all payments, any discrepancies are resolved, and any excess/deficient positions are covered through the investment portfolio.

• Ensure timely posting of receipts, funding of payments and FX requests to the appropriate business unit.

• Follow-up and confirm foreign exchange deals transacted directly with the Central Banks in various countries.

• Fund foreign exchange requests received from Business Units across the Bank.

• Fund payment requests received from Business Units across the Bank.

• Periodically review all cash application queues to ensure all transactions are cleared.

• Liaise with business units both in and out of TREOP/TRE to troubleshoot and solve various issues involving cash that might arise.

• Work collaboratively with teammates in resolving any issues related to disbursements or cash management as they may arise.

• Participate in any projects or other initiatives in TRE/WB as they may arise (such as Quantum upgrade, new transactions, etc.).

• Update procedures documentations as required.

• Perform ad-hoc functions or assist with team deliverables and projects

Banking Relations

• Support colleagues to perform bank account maintenance functions, including opening, closing and negotiating bank accounts with commercial and central banks around the world for corporate and country office needs, coordinating with business partners and Legal on a timely accurate manner.

• Support banking relations functions including maintaining database of contact points and arranging periodic meetings to review service and learn from counterparts about emerging trends.

• Support periodic service assessment reviews of key banking service providers.

• Perform bank monitoring and geopolitical monitoring functions for assigned portfolio of correspondent banking partners.

• Respond to KYC, AML / CFT requests and address queries, coordinating with Legal, as needed.

• Act as the liaison with WBG-wide business units requesting Merchant Accounts (credit card accounts) to collect business revenues and chair users group meetings. Coordinate all Merchant Account openings / closures with gateway provider.

• Review dormant bank accounts with business units and provide summary of follow-up actions needed.

• Respond to ad hoc queries as they may arise.

Selection Criteria:

*Master’s degree in Finance, Economics, Legal Studies, or related field (Computer Science / Information Systems, Engineering, Mathematics) and at least 2 years of relevant experience in the financial services industry, preferably with back-office operations; or bachelor’s degree in Finance, Economics, Legal Studies, or related field and at least 5 years of directly related business experience.

*Candidates with business-related certifications (CTP, CFA, FRM, etc.) will have an advantage.

*Knowledge of and familiarity with Treasury business lines, back office operational functions and Treasury systems including banking, payment operations and cash management.

*Fluency in the English language and excellent communication skills, both spoken and written.

*Strong proficiency in Excel, Word, and PowerPoint. Familiarity with Microsoft Power Platform tools (Power BI, Power Automate, and Power Query) is a strong plus.

*Strong database management and analytical skills, with a proven track record of effectively manipulating, analyzing, and interpreting large datasets. Experience with data visualization tools and techniques is highly desirable.

*Demonstrated ability to manage simultaneous competing demands to deliver on-time in a fast-paced, deadline driven environment.

*Self-starter with ability to take responsibility for own actions and learn quickly in an unstructured work environment.

*Detail-oriented with strong organization skills.

*Problem-solver with proven ability to develop creative solutions.

*Reliable team player, a positive attitude, open and collegial work style with strong interpersonal skills and the ability to collaborate in a team-based, multi-cultural work environment within a team that is dispersed across different geographical locations (e.g., Washington, D.C, Chennai (India) and Sofia (Bulgaria)).

*Flexibility to work early morning or late evening hours to have overlap with other offices will be required to meet reporting deadlines along with willingness to travel, if required, for training and team projects.

*Strong client focuses and services skills, including the ability to listen, assess and respond to client needs.

*Complies with highest ethical standards.