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.

International Finance Corporation (IFC), the private sector development arm of the World Bank Group, is a global investor and advisor committed to promoting projects in its developing member countries that are economically beneficial, financially and commercially sound, and environmentally and socially sustainable. IFC finances private sector investments, mobilizes capital in the international financial markets, and provides advisory services to governments and businesses in the developing world. IFC’s highly qualified and motivated professionals come from around the world, bringing a wide variety of experiences.

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.

The Funding Unit (CTMFU) is responsible for ensuring IFC has the funds it needs for private sector lending in developing countries, and sufficient liquidity to fulfill IFC’s counter-cyclical role and safeguard its triple-A credit ratings. The Investor Relations team is part of CTMFU and is accountable for creating and presenting a consistently applied investment message to IFC’s bond investors. Funding Analytics team is also part of CTMFU and focuses amongst other on validation of the output from the systems and models, as well as trade processing support.

The ETC will report to the CTMFU manager, but his/her tasks and responsibilities will span the three units within CTM: Liquid Asset Management, Cash Management and Funding.

Roles and Responsibilities:
•  Trading operations: enter and validate new 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 activities (Buybacks, Calls and Knock-outs)
•  Test and peer-review internally developed models.
•  Investigate derivative mark-to-market discrepancies with that of IFC’s swap counterparties.
•  Ensure timely response to client queries and requests.
•  Meet deadlines and achieve agreed-upon results.
•  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
•  Create and maintain static data: generate new instruments in the trade processing system, monitor and update as necessary
•  Market Data checks and setup.
•  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 MS or higher degree in Finance, Mathematics, engineering or equivalent.
•  Relevant market experience, in financial analysis, econometrics and modeling.
•  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 inter-personal skills.
•  Ability to work under pressure and multitask.

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.