Job Description

Job #:
req22296


Organization:
World Bank


Sector:
Financial Sector


Grade:
GG


Term Duration:
3 years 0 months


Recruitment Type:
International Recruitment


Location:
Singapore


Required Language(s):
English


Preferred Language(s):
Spanish/ Portuguese / French


Closing Date:
5/17/2023 (MM/DD/YYYY) at 11:59pm UTC

Description
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. For more information, visit www.worldbank.org The World Bank Treasury
Are you inspired by a global mission to end poverty? Do you want to build a career in finance with a global impact? The World Bank Treasury is one of the few places where you can be on the leading edge of finance as it sits at the only nexus of finance, innovation, and international development. We manage the institution\'s finances to enable all World Bank operations and lending. Each year, we issue over $50 billion in bonds, prudently manage over $180 billion in assets, and process over $7 trillion in transactions.


Departments & Teams Treasury has three departments and a compliance and controls team. Learn more about our organization: https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do.
With us, you won\'t just work in financial markets: you\'ll help create new ones. The World Bank Treasury launched a global recruitment campaign to attract the best and brightest talent in the world. We encourage you to learn more about Treasury, its organization, people, and careers at treasury.worldbank.org/careers.


Poverty has no borders, and neither does excellence. With employees based in Washington, Chennai, Paris, Tokyo, Singapore, and Sofia, the World Bank Treasury represents over 50 nationalities, and our leadership team hails from all regions of the world. We are proud to be an equal opportunity and inclusive employer. We have a dedicated and committed workforce and do not discriminate based on gender, race, ethnicity, religion, disability, sexual orientation, or gender identity. Learn more about Treasury\'s greatest strength: its diverse and dedicated staff.
Capital Markets and Investments Within Treasury, the Capital Markets, Investments (CMI) department is responsible for managing annual funding programs for IBRD (approx. $55-65 billion) and IDA (approx. $10-15 billion) and building sustainable capital markets, managing liquid asset portfolios for IBRD and IDA (approx. $115-125 Billion), and the asset and liability management aimed at reducing risk on IBRD and IDA\'s balance sheets. CMI also advises clients on loans and risk management products and structures financial products for development. CMI emphasizes achieving the best possible financial terms within prudent market, liquidity, credit, operational, and reputational risk parameters. CMI is comprised of six teams carrying out these responsibilities. The working environment is fast-paced and dynamic, as the teams regularly deal with new ideas, projects, and challenges.
Financial Products and Client Solutions The CMIFP team designs and implements financial products and provides advisory services that help clients maximize access to development financing and mitigate risks. The team helps clients find the most suitable financing sources and financial terms for projects. This includes project teams at different global practices (GPGs), country management units and government counterparts at the sovereign and sub-sovereign level. Depending on financing source and financing terms, our clients may be exposed to currency, interest rate and/or refinancing risks. They may also be vulnerable to natural disasters or commodity price volatility that have severe economic impacts. The World Bank offers a suite of financial products ranging from loans, credits, and guarantees; to risk management products, contingent credit lines, and insurance/reinsurance and derivatives. The CMIFP team also offers advisory services to help our clients on a variety of topics.
Responsibilities The Senior Financial Officer will be accountable for the work program assigned by the department manager and report directly to the TRECI Manager. The responsibilities will include, but not be limited to, the following:

• Establishing a solid working and cooperative environment with the management team and the staff from the different units based in Singapore and other Asian regional CMU\'s;
• Building effective working relationships to understand client needs and constraints and to deliver customized financial solutions with:

• Country Management Units, including Directors, Managers, and Leadership Teams;
• Global Practices, including Sector Managers, Task Team Leaders, and other technical staff;
• Other TRE and Finance Partners; IFC, and MIGA; and
• Ministries of Finance and other relevant ministries and agencies within the government at the national and subnational levels.

• Helping staff and clients understand and implement the World Bank financial and risk management products and convene TRE expertise to develop innovative financial solutions for clients. More specifically:

• building staff and client\'s capacity to address specific debt and risk management needs by understanding and utilizing the full menu of financing and risk management products available;
• proving inputs for Systematic Country Diagnostic (SCD), Country Partnership Framework (CPF), Country Climate and Development Report (CCDR), project design, and other operational initiatives;
• working with sector specialists upstream to evaluate the nature and extent of the financing options required to carry out sector programs/projects; and
• coordinating upstream with relevant units in the WBG, including WBG Finance and Accounting (WFA).

• Disseminating and implementing financial and risk management products and services. This involves:

• developing and delivering customized presentations for staff and clients to help them understand the choices of financial terms and conditions and better apply them to specific project needs or the country\'s financial, debt, and risk management strategies;
• Advising and providing guidance to borrowers and project teams on suitable financing options and solutions to minimize financial risk;
• responding to client queries in a timely manner.

• Supporting the delivery of sustainable finance and other TRE advisory services;
• Leading the design of new or the enhancement of existing World Bank financial and risk management products;
• Providing guidance and mentoring more junior staff.

Selection Criteria
1.Advanced degree(s) in economics, finance, or related field with at least 8 years of experience in a multilateral organization or financial institutions dealing with sovereign entities. Work experience with a demonstrated commitment to the development mission of the World Bank; 2.In-depth knowledge of World Bank operations and lending instruments; financial and risk management products, debt capital markets, and TRE advisory services, including, sustainable finance and impact investments;
3.Professional and personal stature to enable an effective banking advisory role with senior management and senior client country officials; 4.Proven networking capacity, with excellent interpersonal and negotiation skills. A high degree of self-motivation, positive attitude, and drive, with the ability to contribute to a team-based work environment;
5.Understanding of financial, debt and risk management strategies, and how to help clients use financial and risk management products for the implementation; 6.Strong track record of developing and implementing innovative solutions and providing a responsive and proactive approach to clients\' needs;
7.Demonstrated capacity as a project manager/task team leader; 8.Excellent written and verbal communication skills, including the capacity to communicate complex and technical issues with clarity to diverse audiences;
9.Ability to mentor, coach, and motivate junior staff; 10.Fluency in English, and proven writing and communication skills; 11.Highest ethical standards.
WBG Managerial Competencies World Bank Group Core Competencies The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities. We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Learn more about working at the World Bank and IFC, including our values and inspiring stories.