Senior Financial Officer Job Vacancy In U.S

An explanation

Do you wish to pursue a genuinely meaningful career? Being employed at the World Bank offers you a special chance to work with us to address our clients’ most pressing development issues. One of the biggest providers of capital and expertise to developing nations is the World Bank (WB), a special international alliance of five organizations (IBRD, IDA, IFC, MIGA, and ICSID) committed to eradicating extreme poverty, boosting shared prosperity, and advancing sustainable development on a planet that is habitable. With 189 member nations and over 120 offices globally, we collaborate with partners in the public and private sectors, investing in innovative projects and leveraging data, research, and technology to provide solutions for the world’s most pressing problems.

The substantial Trust Fund/Partnership portfolio of the WB organizations, as well as the internal control system for IBRD and IDA, are all within the purview of the WB Finance & Accounting (WFA) Vice Presidency. It oversees the client service division for the WB’s corporate expenses and maintains an acceptable fiduciary control framework in addition to managing bank loan disbursements.
Within the organization, WFA is divided into three departments: Financial Controls, Trust Funds and Loans, and Corporate Accounting and Reporting. Our mission at WFA is to help our clients, both internal and external, with an emphasis on people and culture, delivery, optimization, and impact.
With the exception of pension funds, the Structured Finance Division (WFASF) of WFA is in charge of product control operations for financial instruments such as borrowings, derivatives, and investments for IBRD, IDA, and Trust Funds. These include creating valuations for the bonds, derivatives, and loans issued by IBRD/IDA; setting up financial models and conducting valuation reviews; obtaining and verifying market data; aligning accounting with financial instruments; putting accounting policies in place regarding financial instruments; conducting independent price verification; managing data related to financial instruments; and supplying disclosures for financial statements pertaining to these financial instruments.

The Senior Financial Officer will be crucial to the division’s work program for market data and valuation delivery and supervision. In addition to representing the division in working groups pertaining to new initiatives and financial instruments, he or she will communicate with counterparts in Finance (WFA, Chief Risk Officer, Treasury, and Corporate Finance).
How your support will enable us to accomplish our objectives:

Take the lead in managing the review processes for market data, including interest rate, foreign exchange, stock, and credit data. Before being sent to systems further down the line, make sure the data collected by the Bank’s market data system satisfies the necessary quality criteria. Review the market data and model options that are currently in use for derivative valuation and borrowings on a regular basis.

Examine and develop proposals for the validation of market data, and obtain approvals by putting forth suitable market data, a curve creation technique, and a system design that is in line with industry standards.
Model implementation in Numerix OneView for both vanilla and structured products.
Examine the valuation of the different financial instruments in the IBRD/IDA portfolios using the modeling tools from Summit, Murex, and Numerix.

Use the appropriate tools to analyze the effects of being sensitive to market fluctuations, and formalize your findings into procedures and reporting.
Oversee systems projects and initiatives to operationalize new tools, improve or modify existing applications.
Organize in concert with World Bank stakeholders and other MDBs and banks.

Instruction:

Master’s degree in engineering, mathematics, or a related field
Professional certification in finance or accounting (CFA and/or CA, CPA, ACCA, or comparable accounting certificate)

Professional background working for large financial institutions or Big 4 accounting firms, with hands-on experience in bond/swap valuation techniques for structured products, yield and FX volatility surfaces and correlations, and interest rate curve development.

solid knowledge of items for fixed income.
outstanding comprehension of the market data needs for trading activities associated to the capital market.
understanding of suitable valuation models, including model limits and calibration tools.
showed a great degree of initiative, confidence, and independence.
Strong interpersonal and diplomatic abilities; a dedication to working in a multicultural, team-oriented workplace; attention to detail.

Outstanding presenting and verbal communication abilities, including the ability to write ideas for validation.
It is preferred to have proficiency with Python or another programming language.
Skill Set:

Capacity to fulfill requests with promptitude and efficiency and to provide outcomes.
Capacity to oversee institutional efforts and systems projects.
the capacity to fulfill deadlines.

strong communication abilities, especially the capacity to confidently and clearly explain and convey ideas and viewpoints.
The capacity to establish productive working relationships with clients and coworkers and handle delicately in a multicultural setting.
Group Core Competencies of the World Bank

The World Bank Group provides a wide range of benefits, including as a retirement plan, paid time off, parental leave, health, life, and disability insurance, and reasonable accommodations for those with impairments.
With a devoted and engaged team, we take pride in being an equal opportunity and inclusive company that does not discriminate on the basis of gender, gender identity, religion, race, ethnicity, sexual orientation, or handicap.
Find out more about our principles and motivational tales, as well as what it’s like to work at the World Bank and IFC.

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