Financial Assistant

1 month ago

Wenatchee, United States World Bank Group Full time
Financial Assistant

Job #:
req28601

Organization:
World Bank

Sector:
Treasury

Grade:

GC
Term Duration:

3 years 0 months

Recruitment Type:
Local Recruitment

Location:
Washington, DC,United States

Required Language(s):

English

Preferred Language(s):

Spanish; French; or Portuguese a plus

Closing Date:

8/15/2024 (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


Treasury is the Vice Presidency, reporting to the Managing Director and World Bank Group Chief Financial Officer, performing treasury functions for the IBRD and IDA and, to varying degrees, for other members of the World Bank Group and other public sector investors.

Its activities are organized and grouped into the following departments:
Capital Markets and Investment Management, Client Asset Management and Advisory, and Treasury Operations.
The Treasury VPU also includes the Risk, Compliance, and Controls Unit.

Treasury 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 $205 billion in assets for the World Bank and other official sector investors; (ii) leading IBRD's and IDA's triple-A rated financing programs in international and domestic bond and derivative markets; (iii) conducting asset and liability management for IBRD's and IDA's 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 work with other Departments across the Bank and Finance Partners' teams.

Asset Management and Advisory (TREAA)


TREAA is responsible for managing approximately $75 billion of liquidity and fixed-income portfolios for Trust Funds (including Financial Intermediary Funds) and over 70 external clients consisting of Central Banks, Pension Funds, Sovereign Wealth Funds, and other Official Institutions.

The department is also responsible for providing investment partnership and advisory functions, capacity building, and training under the umbrella of the Reserve Advisory and Management Partnership (RAMP) Program.


This department is organized in three units:
Asset Management (TREAM), Advisory and Partnership (TREAP), and Product, Knowledge, and Research (TREPK).

Learn more about our organization:


The Treasury Advisory & Partnership team (TREAP) is responsible for administering the Reserve Advisory & Management Partnership (RAMP), including leading and delivering technical advisory and training services for official sector asset managers on all aspects of asset management.

Staff design, budget, implement, and evaluate an annual engagement plan and deliver and coordinate advisory services to currently more than 70 RAMP members including 57 central banks, seven public pension plans, ten international finance organizations, and sovereign wealth funds.

The team also leads business strategy and outreach to prospective clients for RAMP.

Staff also deliver a range of training activities and workshops, design policy fora for senior executives of member institutions, and prepare research and applied research notes on public asset management.

Finally, the team manages and monitors the use of resources, financials, and budgets for RAMP members, negotiates legal documentation, and is responsible for all client communication and documentation.


Duties and Accountabilities:


The Financial Assistant will be required to provide comprehensive administrative and proactive executive support to the Advisory and Partnership Manager, in addition to supporting the overall workflow in the Advisory and Partnership unit.

She/he will be expected to undertake the following roles and contribute to other initiatives as needed:

  • Provide comprehensive administrative and proactive executive support to the TREAP manager, including taking a proactive role in managing the schedule and prioritizing the workflow of the unit to ensure effective time management. This includes arranging appointments and missions, independently resolving scheduling conflicts, screening, and prioritizing incoming e-mails, drafting correspondence, and monitoring activities to ensure appropriate follow-up.
  • Assist in HR initiatives, hiring requisitions, and recruitment efforts, including aiding hiring chairs, and organizing shortlisting meetings and interviews. Set up and collect written exercises, collate and proofread associated hiring write-ups, and ensure smooth onboarding of new staff and departures.
  • Facilitate smooth communication and workflow coordination between the TREAP manager and the TTLs/Engagement Managers, a group of senior staff responsible for maintaining client relationships at the highest decision-making levels.
  • Lead the coordination and program management for high-level meetings and engagements during the Spring and Annual Meetings for the World Bank Treasury delegation. This includes all logistics, coordination with the Executive Director's offices and clients, signing ceremonies, and briefing note coordination.
  • Disseminate communications to clients related to asset management and routine matters (letters, announcements, client notifications, individualized mass mailings, etc.)
  • Ensure sensitive documents that require signature are of high quality and adhere to administrative and operational guidelines; handling clearance procedures and finalization of documents including the incorporation of amendments into the documents.
  • Provide office support to the TREAP team, including managing leave and time recording applications, ordering office supplies, ICAM requests, PCard management, submitting service requests, coordinating office moves, department events, and various other ad-hoc requests.
Selection Criteria

The successful candidate should have the following qualifications:

Minimum Education/Experience:
bachelor's degree in administration or other related field and at least 5 years of relevant work experience.

  • Excellent organizational and administrative skills demonstrated ability to organize, prioritize, schedule, plan, and coordinate work and other activities internally and externally.
  • Proven track record in managing confidentiality. Strong personal ethics and sound judgment.
  • Experience with Annual and Spring Meeting coordination is a plus.
  • Strong attention to detail and to maintaining high-quality standards.
  • Experience working with large teams of senior staff is a benefit.
  • Fluency and strong communication skills in English, including the ability to draft, proofread, and edit correspondence.
  • Positive attitude, high degree of initiative, reliability, and resourcefulness.
  • Strong interpersonal skills and commitment to work in a team-oriented, multi-cultural, client focused environment.
  • Excellent office technology skills, including experience with Outlook, Microsoft Word, and PowerPoint.
  • Flexibility in work and willingness to perform additional tasks.
Poverty has no borders; neither does excellence.

We succeed because of our differences, and we continuously search for qualified individuals with diverse backgrounds from around the globe.


Note:

If the selected candidate is a current World Bank Group Staff Member with a Regular or Open-Ended appointment, they will retain their Regular or Open-Ended appointment.

If the selected candidate is a current World Bank Group Staff Member with a Term appointment that expires later than the end date of this appointment, they will retain the duration of their current Term appointment.

World Bank Group Core Competencies


The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.


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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