Associate Financial Officer – Treasury

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.

IFC Treasury Valuation and Analysis is seeking a dynamic and motivated Associate Financial Officer to provide Treasury and Mobilization’s Middle Office support. The ideal candidate will support the fair valuation of illiquid transactions in Emerging Markets, and support daily valuation and pricing calculation, bond price verification, and quarterly valuation for the Treasury Market Operations. In addition, the Associate Financial Officer will support work in the valuation function of the unit and will participate in the fair valuation responsibility for structured finance transactions that requires and benefit from Treasury client solutions structuring expertise.

Duties and Accountabilities

• Valuation of various fixed income products including bond, swap and options;
• Working closely with relevant staff in Treasury and Mobilization VPU, Risk departments to value illiquid fixed income transactions in Emerging Markets;
• Valuation of guarantees, insurance contracts on some loans for the Syndications department;
• To review the availability of the relevant market data for the fair valuation of the transactions;
• Validate, troubleshoot and resolve issues;
• Oversees the daily market data downloads, perform validation, troubleshoot errors, maintain manual curves;
• Monitor and address valuation breaks from CP MTM reconciliation;
• Oversee leveling activities for the Front office (as relevant);
• Address inquiries and challenges from Front Office, Treasury Risk, and the Controllers’ departments;
• Provide quarter end valuation completion to IFC Controller;
• Contributes to the fair valuation for the Structured Finance transactions;
• Prepare and maintain documentation of individual and group work;
• Implement efficiency improving utilities and applications;
• Provide ad-hoc analysis and reporting to clients;
• Keep abreast of the industry’s standard processes and technologies used;
• Assist in additional projects as needed within TVA.

Selection Criteria

• MS or MBA Degree in a relevant field (Finance, Business, Engineering, or another quantitative subject area with 5-7 years of relevant work experience.
• Experience in finance and investments such as fixed income product and valuation methodologies as well as related interest rate models, market or credit Risk and model validation;
• Knowledge of fixed income mathematics, derivatives and information technology.
• Expertise in fair valuation of structured debt instruments like securitization, and hybrid capital.
• Valuation expertise in illiquid markets/instruments as well as interest and FX sensitive products;
• Strong analytical skills.
• Extensive technical experience with Treasury products (e.g. Bond, Swap, Swaption, etc.) market data and valuation process.
• Working technical knowledge of financial models and supporting systems.
• Familiarity with SOFR, LIBOR transition and its impacts on Treasury portfolio.
• Knowledge of Risk measurement, assessments, and controls.
• Ability to tackle and work-out challenges and find solutions for multiple collaborators.
• Ability to investigate and troubleshoot issues in any of the valuation components and refer resolution to the appropriate component owner.
• Strong communication skills and ability to collaborate broadly
• High degree of motivation to improve productivity and efficiency using computer system.
• Careful attention to details and reliability of the output.
• Excellent communication skills to explain the logic behind the analysis.
• Dedication to the daily production of accurate reports.
• Knowledge of Numerix, Bloomberg, Reuters, Summit will be a strong advantage.
• Proficiency in C++, VBA, Python (or other programming language), Oracle (or other RDBMS), SQL, MS Access and Excel in order to maintain and improve existing reporting applications will be desired. Experience in Unix and Linux is preferred; knowledge in data visualization tools.
• Proven track record leading projects and delivering against deadlines.

Source: https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=28513&site=1