E T Consultant

E T Consultant

Job #:

req33690

Organization:

World Bank

Sector:

Treasury

Grade:

EC1

Term Duration: 

1 year 0 months

Recruitment Type:

Local Recruitment

Location:

Washington, DC,United States

Required Language(s):

English

Preferred Language(s):

Closing Date:

7/18/2025 (MM/DD/YYYY) at 11:59pm UTC

Description

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.

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 institutions 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. 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 wont just work in financial markets: youll 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.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 Treasurys greatest strength: its diverse and dedicated staff.

Background and general description:

Treasury Banking 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 IBRDs and IDAs triple-A rated financing programs in international and domestic bond and derivative markets; (iii) conducting asset and liability management for IBRDs and IDAs 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 Treasurys 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).

The Treasury Banking Operations (TREBK) team Treasury Banking Operations (TREBK) is the unit providing banking and payments services for World Bank Group (WBG) entities, as well as IBRD-Trust Funds.  It 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 Banks 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 WBGs SWIFT infrastructure and maintaining SSIs and key static data related to payment and receipt processing.

Roles and Responsibilities:

Under the guidance and supervision of a Team Lead, the selected candidate will have responsibilities for specific individual tasks/projects within TREBKs Investigation, Reconciliation and Accounting (IRA) team in executing TREBKs work program across more than 1,000 cash and custody accounts, while maintaining close relationships with the other Treasury departments. The selected candidate will work across all areas of the World Bank as the transactions that flow through these accounts include not only those driven by Treasurys funding and investment activities, but also every cash transaction affecting World Bank Group activities. For example, this includes: loan disbursements and repayments to our client countries; IBRD and IDA capital contributions from our member countries and trust fund donors; and administrative, payroll and pension payments. The IRA team supports the replenishment of country office accounts around the world, MIGA premium payments and reimbursements, and ICSID arbitration deposits and refunds. The team also plays a critical role in IT transformation projects across Treasury given its central role in the banking operations function.

Within the IRA team, the selected candidates primary responsibilities will include, but are not limited to, some combination of the following activities:Projects, Systems and Process Improvements:

• Lead and support the IRA teams efforts in implementing an API-based payments platform that will serve as an alternative payment rail to the WBs top correspondent banks in the event of a Swift outage.• Assist in driving and implementing process improvements initiatives for the IRA teams functions and processes, including the implementation of Swift gpi and Case Manager services, enhancing the teams daily and monthly balances and reconciliation reports, migrating the teams various Crystal Reports to new formats and platforms, and the rollout of TREBKs datalake and data analytics dashboard.• Play an integral role in the design and implementation of new Treasury initiatives or changes to existing World Bank systems that impact IRA, including reviewing Business Requirements Documents (BRD), Scoping documents and performing testing (User Acceptance Testing (UAT) and post-implementation testing.

Cash Investigations:

• Timely and efficient processing and resolution of cash investigations cases that arise out of reconciliation breaks, or emails and SWIFT messages from clients, counterparties, business units, and correspondent banks.• Liaise with various teams across the Bank and with external banking partners to address issues, effect action and resolve cases.• Review and analyze cash investigations cases to identify trends, escalate issues, and develop strategies and process changes that would minimize the recurrence of cases. Work with various teams and stakeholders in implementing these changes.• Investigate and report daily cash overdrafts and long balances in relation to external cash balances.

Client Reporting:

• Provide expertise in supporting the TREBK teams client reporting function for the World Bank Treasury investment and external asset management business. Work with external clients and their custodians, as well as colleagues within the Treasury department in ensuring all reporting deliverables are met, related queries and issues related are addressed, and system and business changes affecting the client reporting function are proactively managed.• Ensure the timely and accurate submission of monthly reconciliation reports comparing the World Banks Investments and Net Asset Value data against corresponding custodian records.• Effectively support the daily and monthly reconciliations process of World Banks Investment Asset positions against corresponding custodian records.• Support and maintain the static data and reporting templates in the World Banks securities reconciliation and client reporting system. Work with colleagues in the team, IT and the external vendor to escalate and help resolve systems issues.• Ensure that the daily, monthly, quarterly and year-end deliverables and other ad-hoc reporting requirements for Treasurys worldwide clients are properly and promptly met.

Cash Accounting:

• Perform month-end close process for cash including preparation of reports and necessary adjustments needed to ensure accuracy of data and balances that are sent to general ledger system (SAP).• Ensure the accuracy and appropriateness of accounting data, systems, and reporting deliverables.• Ensure that the daily, monthly, quarterly, and year-end deliverables and other ad-hoc requirements are properly and promptly met.

Selection Criteria

1.      Masters degree in finance, Accounting, or related field (Computer Science/ Information Systems, Finance, Mathematics) and at least 3 years of relevant experience in the financial services industry, preferably with back-office operations; or bachelors degree in Finance, Accounting, or related field and at least 5 years of directly related business experience.2.      Business-related certifications are a strong plus (CFA, CPA, CA, CTP or equivalent).3.      Knowledge of and familiarity with treasury business lines and back office operational functions, including banking, payment operations, securities and swaps settlements, and cash management.4.      Familiarity with treasury systems (e.g., Murex, Quantum, Summit) and with the Swift messaging system and standards is highly desirable.5.      Proven ability to learn quickly in an unstructured learning environment, and proven ability to conceptualize, design and implement innovative solutions and challenge the status quo to improve and expand the business needs.6.      Strong track record of working on systems and project implementations, including the ability to understand and document business requirements, help design and execute testing strategies, and track development and implementation timelines.7.      Strong proficiency in Excel, Word, PowerPoint, Microsoft Power Platform tools (Power BI, Power Automate, and Power Query), Python programming and other AI tools. 8.      Excellent communication skills - both verbal and written - to effectively share and exchange information. Demonstrated ability to manage simultaneous competing demands to deliver on time.9.      Demonstrated analytical and critical-thinking abilities.10.  Demonstrate a high degree of self-motivation, initiative, and accountability.11.  A 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.12.  Strong client focuses and services skills, including the ability to listen, assess and respond to client needs.13.  Complies with highest ethical standards.

World Bank Group Core Competencies

• Deliver Results for Clients - Proactively addresses clients stated and unstated needs. Adds value by constantly looking for a better way to get more impactful results; sets challenging stretch goals for oneself. Immerses oneself in client experiences and perspective by asking probing questions to understand unmet needs. Demonstrates accountability for achieving results that have a development impact and financial, environmental, and social sustainability. Identifies and proposes solutions to mitigate and manage risks.•  Collaborate within Teams and Across Boundaries - Collaborates across boundaries, gives own perspective, and willingly receives diverse perspectives. Appropriately involves others in decision making and communicates with key stakeholders. Approaches conflicts as common problems to be solved. Actively seeks and considers diverse ideas and approaches. Integrates WBG perspective into work.•  Lead and Innovate - Develops innovative solutions. Contributes new insights to understand situations and develops solutions to resolve complex problems. Adapts as circumstances require and manages impact of own behavior on others in context of WBGs values and mission. Identifies and pursues innovative approaches to resolve issues.•  Effective WBG staff rapidly and readily share their expertise - Client solutions, Leverages departments expertise and body of knowledge across WBG to strengthen internal and/or external client solutions. Seeks to learn from more experienced staff to deepen or strengthen their professional knowledge and helps others to learn. Builds personal and professional networks inside and outside the department unit.•  Make Smart Decisions - Interprets a wide range of information and pushes to move forward. Seeks diversity of information and inputs, researches possible solutions, and generates recommended options. Identifies and understands risks and proposes recommendations. Based on risk analysis, makes decisions in a timely manner within own area of responsibility, considering the interests and concerns of stakeholders.•  Client Understanding and Advising - Looks at issues from the clients perspective and advocates for clients within own area as well as urges others to focus on meeting client needs. Works with others across the VPU to define client needs and develop the best approach to meet client needs (e.g., finds appropriate solutions and negotiates internally for needed resources and support.• Broad Business Thinking - Maintains an in-depth understanding of the long-term implications of decisions both for related areas within the VPU and the clients business. Involves the key players in identifying operating needs, issues and immediate solutions. Ensures that decisions are supported by relevant stakeholders and creates the business case for investment in process and enhancements. Sets clear explanations for the integration and alignment of services/solutions with business functions, focusing on the strategic value provided for area of responsibility within the clients business.•  Analytical Thinking - Coordinates the information gathering and reporting process. Reviews trends and compares them to expectations. Conducts research to define problems and prepares responses to anticipated questions. Prioritizes multiple issues and opportunities. Identifies relationships and linkages within several information sources. Anticipates issues that are not readily apparent on the surface. Identifies root causes and effects. Defines priorities within performance objectives. Reports and identifies areas that need guidance to resolve complex issues. Anticipates the possible outcome of potential solutions.• Policies and Procedures - Demonstrate thorough knowledge of policies and procedures in related fields. Provide training and guidance to junior staff in enhancing their understanding of relevant policies and procedures. Lead by example and serve as the best practice champion in applying pertinent policies and procedures.•  Risk and Controls - Lead by example and serve as best practice champions in completing internal control procedures, including understanding impact beyond own immediate functional areas. Provide constructive inputs to the design, implementation and improvement of risk and internal control procedures for stand-alone end-to-end processes based on understanding of the business. Assess impact of potential control risks and propose mitigating control procedures as appropriate, with balanced efficiency and effectiveness results within any given processes.•  Information Technology and Systems - Leverage information technology systems and applications to improve productivity and efficiency. Provide inputs to IT system enhancement efforts based on day to day working experience and knowledge of the systems.•  Communication - Adapt the communication style appropriate for the intended audience. Adopt an inclusive approach to communication as appropriate to the situation, to ensure adequate stakeholder participation. Present information effectively and encourage feedback.

WBG Culture Attributes:

1. Sense of Urgency - Anticipating and quickly reacting to the needs of internal and external stakeholders.2. Thoughtful Risk Taking - Taking informed and thoughtful risks and making courageous decisions to push boundaries for greater impact.3. Empowerment and Accountability - Engaging with others in an empowered and accountable manner for impactful results.

World Bank Group Core Competencies

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. 

Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.