E T Temporary

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. 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, increasing shared prosperity and promoting sustainable development. 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. Visit www.worldbank.org.

The Pension and Endowments Department (PEN) is responsible for the financial management and administration of the World Bank Group's funded benefit plans, including the retirement scheme - the Staff Retirement Plan, the retiree medical and life insurance programs - the Retired Staff Benefits Plan, and other ancillary benefits. Financial management includes asset management responsibilities and actuarial support.  PEN manages about $41 billion US dollars invested across a range of asset classes, from fixed income to public equities to private equity, real assets and absolute return strategies. The Pension Finance Committee, appointed by the Bank Group President and chaired by the Chief Financial Officer, has oversight responsibility for the financial management of the plans. PEN’s responsibilities also include the delivery of technical assistance on multi- asset class investment management to pension plans, endowments and funds for the future, and the management of the Pension Administration function. PEN identifies, selects, evaluates, and monitors investments, mainly through outside managers, globally.
 
The Pension Middle Office team (PENMO) under PEN is responsible for providing a full range of functions supporting these investment activities, including the following: i) pension plan operational activities, ii) pension plans financial statements, iii) pension investment performance and attribution, iv) private asset portfolio administration, v)asset class exposure monitoring, vi) investment asset pricing and valuation, and vi) third-party clients’ reporting.

The World Bank Group is committed to achieving diversity in terms of race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.

Roles & Responsibility:

The selected candidate will support the post investment documentation process. They will work with PENMO team members and will coordinate with other teams including PENIN and LEG. 

The main responsibilities include but are not limited to the following:

• Track all incoming mails from fund managers in various mailboxes, ensure completeness and full coverage of all communication received in these mailboxes
• Classify the incoming mails and ensure that each mail is worked upon/allocated within the stipulated timelines
• Maintain a log with the list of queries received, deadlines, and status of each request
• Assist in the preparation of documents such as FATCA, tax exemption, KYC/AML, and consent/election requests
• Coordinate with LEG and PEN for reviews, additional documents, and any sign offs that may be required
• Follow up on pending items/responses and ensure timely action on each email within agreed timelines.
• Create and maintain a database of executed documents
• Understand the nuances especially legal aspects of the communication or documentation and act upon them accordingly.