E T Consultant , IFC, Washington DC
Washington DC, United States
JOB DETAIL
Description
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 in developing countries. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.
Treasury Market Operations (CTM) serves as IFC Treasury’s market counterparty-facing front office. CTM is responsible for funding operations and the management of IFC’s cash and liquid assets.
Liquid Assets Management (CTMLM) in the Treasury & Syndications Vice-Presidency is responsible for managing that portion of IFC’s liquid assets not immediately required for disbursement to the mission, the “Strategic Portfolios”. CTMLM’s primary objectives are to preserve IFC’s capital and maximize returns while operating in compliance with the Investment Directive including the Risk Appetite Limits established by the Corporate Risk Committee. IFC liquid assets are invested in the highest-quality interest-bearing instruments (fixed and floating) and held in distinct and individually managed sector/region-focused-sub-portfolios. Each sub-portfolio is managed by a Portfolio Manager with individual accountability for their assigned sub-portfolio and shared accountability for the overall performance of the Strategic Portfolios.
The ETC will report to the CTMLM manager, but his/her tasks and responsibilities will span the three units within CTM: Liquid Asset Management, Cash Management and Funding.
Role & Responsibilities
• Trading operations: maintaining transactions using the Corporation’s trade processing and valuation systems, correct trade-entry errors, update reference-rate fixings, prepare rating letters and term-sheets.
• Develop analytical tools and provide analytical support to IFC Treasury’s trading and client facing units.
• Enhance and maintain the derivative pricing programs and programs for the measurement of credit exposure.
• Support Funding Team on some trade maintenance (Buybacks, Calls and Knock-outs).
• Test and peer-review internally developed models.
• Investigate derivative mark-to-market discrepancies between IFC and its swap counterparties.
• Develop and maintain utility programs, such as report generators – generate reports for front-office staff and senior management in support of trading. operations, cash management, risk measurement and performance measurement
• Monitor and troubleshoot daily and month-end automated jobs.
• Actively seek knowledge needed to complete assignments and share knowledge with others.
• Creating and maintaining documentation.
• Any other task supporting the Funding, Cash and Liquid Asset teams.
Selection Criteria
• Applicants must have a Master or higher degree in Finance, Mathematics, engineering or equivalent.
• 3+ years of work experience in the financial sector.
• Solid understanding of fixed income mathematics. Strong quantitative, analytical, modeling and econometrics skills.
• Able to determine appropriate modeling and valuation techniques and to construct models consistent with market practice.
• Proficiency in working with databases.
• Knowledge of Python, Excel VBA.
• High degree of motivation and commitment to highest ethical standards.
• Very high attention to detail.
• Strong interpersonal skills.
• Strong sense of urgency, which is reflected in timely responses to client queries.
• Ability to work under pressure and meet deadlines.
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.
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