Portfolio Officer, Liquid Asset Management (Associate) at the International Financial Corporation (IFC) - World Bank Group

The International Financial Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it is needed most. In FY15, our long-term investments in developing countries rose to nearly $18 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity.

In 2015, the World Bank Group launched a recruitment mission to attract Sub Saharan African professionals to its work force. The initiative was the first of its kind for the institution and resulted in numerous hires into business areas such as Education, Health, Development Economics, Information Technology Systems, Social Urban/Rural & Resilience and Governance. The World Bank Group continues its commitment to hiring Sub-Saharan African professionals and announces its latest recruitment mission to again attract highly qualified Sub-Saharan African professionals who are looking for an exciting career, where their effort will contribute to the institution's goal of ending extreme poverty and promoting shared prosperity.

The International Financial Corporation (IFC), invites applications for the position below:

Job Title: (Associate) Portfolio Officer, Liquid Asset Management

Locations: Washington, D.C., London, or Singapore
Area: Treasury

Job Summary
The objective of the Liquid Asset Management (LAM) Group in IFC’s Treasury Market Operations Department is to preserve capital and maximize returns, while maintaining risks within acceptable levels. IFC assets are invested in highest-quality assets, including sovereign and triple-A-rated corporate and asset-backed bonds, and held in distinct portfolios, some of which are outsourced to external fund managers. LAM is a small group of highly motivated, team oriented professionals who work closely with IFC’s risk and accounting departments. The portfolio includes the following products:

• High credit sovereign, sovereign guaranteed, and agency bonds in US dollars or asset-swapped into dollars;
• Domestic and foreign asset-backed, mortgage-backed securities, and other structured finance products in US dollars or asset-swapped in dollars;
• AAA credit corporate bonds;
• Derivative products, including swaps, futures and option contracts.

The (Associate) Portfolio Officer, Liquid Asset Management will be responsible for the following:

• Support the portfolio managers in their active management of IFC’s liquid assets against total return benchmarks
• Daily reporting of global financial market news to the organization
• Trade entry
• Market surveillance and analysis
• Portfolio reporting
• Trade execution under direction of the portfolio managers – supporting achievement of best execution.

Selection Criteria

• Master’s degree in Business or Finance
• Minimum of five years of experience in fixed income related activities (e.g. trading or research)
• Knowledge of and experience with markets (electronic trading platforms) and financial instruments (cash and derivatives)
• Ability to work under pressure and adapt to a fast trading environment
• Understanding of macro economics
• Basic knowledge of structured finance products (e.g., RMBS, ABS, CMBS)
• Open to initiatives and risks; comfortable to operate in an open, team-based environment
• Strong quantitative skills
• Excellent oral and written communication skills.

Recruitment Timeline
End of July - September 2016 - Review applications and update application status to candidates
August - September 2016 - Contact all shortlisted candidates and conduct interviews in Washington, D.C. and locations in Africa

Application Closing Date
7th August, 2016.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Note

• Shortlisted candidates may be contacted as early as August 2016 for interviews which may be conducted in Washington, D.C. or locations in Africa. Interviews will be conducted through September 2016. Based on the availability of interviewers and candidates some interviews may be conducted virtually.
• Candidates who have previously submitted applications through the Recruitment Drive for African Nationals in 2015 must submit a new application to be considered for opportunities in this year's campaign. We apologize that we are unable to consider previously submitted applications.