Senior Financial Assistant - E T Temporary
Chennai
- Organization: World Bank Group
- Location: Chennai
- Grade: Level not specified - Level not specified
-
Occupational Groups:
- Administrative support
- Banking and Finance
- Impact investing, Social venture capital
- Closing Date: 2025-04-04
The World Bank Group (World Bank) is one of the world’s largest sources of funding and knowledge for developing countries. The World Bank works in more than 100 developing economies to improve living standards and fight poverty. The World Bank uses financial resources and extensive experience to help our client countries to reduce poverty, increase economic growth and improve the quality of life. The World Bank is owned by 189 member countries whose views and interests are represented by a Board of Governors and a Washington DC-based Board of Directors. More than 190 countries participate in at least one of the five World Bank Group (“WBG”) institutions, each of which specializes in different aspects of development: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA) (IBRD and IDA together also referred to as the “World Bank” or the “Bank”), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), the International Centre for Settlement of Investment Disputes (ICSID).
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, and Treasury Operations.
Treasury (TRE) 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 approximately $195 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.
The Treasury Operations Department (TREOP) provides a full range of operational support for the Treasury’s asset management, capital markets and banking businesses. The Department is presently organized into three operational units: Asset and Liability Operations (TREAL), Cash and Banking Operations (TREBK) and Quantitative Solutions and Analytics (TREQA), and a Financial Technology coordination unit (TREFT).
Quantitative Solutions and Analytics team (TREQA) is the focal point of quantitative, analytical and reporting support for TRE’s fixed income asset management business. TREQA develops and implements quantitative models, financial solutions and portfolio analytics; the team also provides support in financial accounting, investment performance measurement, investment guideline compliance monitoring to for internal & external clients, as well as related capacity building for central banks, sovereign wealth & pension funds, office of debt management and strategic partners.
Duties and Accountabilities:
The TRE Operations Chennai (TRECH) is an integral part of TRE and is responsible for a variety of duties providing vital support across its operational divisions. It works closely with the Headquarters in Washington D.C and another shared services center in Sofia, Bulgaria. Under the guidance and supervision of a Team Lead and/or Functional Lead, the incumbent will have responsibilities for specific individual tasks/projects as well as for working as an integral part of the team in executing the Treasury Operation’s work program, while maintaining close relationships with the other Treasury departments.
His/her primary responsibilities will include, but are not limited to, some combination of the following activities to support any of the business lines in TREOP’s operational division:
• Prepare Monthly Investment Income Allocation, Trial Balance and Investment Holdings reports and monthly reconciliation of Investments and Net Asset Value per World Bank's records to corresponding records of the Custodian
• Support the team with measuring investment performance and producing periodic production reports timely and accurately. Ensuring data integrity across multiple systems, identifying, and resolving data issues effectively.
• Ensure daily, monthly, quarterly, and year-end deliverables and other ad-hoc reporting requirements for Treasury's worldwide clients are properly and promptly met
• Participate in Treasury Operations projects and business initiatives
• Assist in the development and implementation of changes to TRECH procedures, processes, and standards. Ensuring that all business processes, procedures, and internal controls in the unit are properly documented and complied with
• Communicate effectively with TREOP colleagues and Management both in Chennai, Sofia and HQ on the status of all assigned activities
• Other ad hoc tasks as may be assigned.
As determined by management, depending on business needs:
• The work program is subject to change at any time and the candidate may be reassigned to another team.
• The candidate is expected to work Singapore / London shift and at times will be required to provide extended support to overlap with Washington DC.
• Candidate will be required to observe US Holiday calendar and might be required to work on designated holidays to meet reporting deadlines as per business needs.
• The position requires candidate to work from office in Chennai and comply with WBG's return-to-office guidelines for staff.
We do our best to provide you the most accurate info, but closing dates may be wrong on our site. Please check on the recruiting organization's page for the exact info. Candidates are responsible for complying with deadlines and are encouraged to submit applications well ahead.
Before applying, please make sure that you have read the requirements for the position and that you qualify.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.