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) Financial Officer, Quantitative Analysis and Reporting
Locations: Washington, D.C., London, or Singapore
Area: Treasury
Job Summary
The Treasury Quantitative Analysis Department provides analytical support for various treasury functions in IFC and is responsible for the design, development and publication of reports on various performance and risk areas, including derivative pricing, credit exposure measurement, asset liability management, structured finance modeling and P&L.
The (Associate) Financial Officer, Quantitative Analysis and Reporting will be responsible for the following:
- Analyze the terms and conditions of complex derivatives transactions and map correctly to the system
- Monitor, check quality of the data, investigate anomalies and intervene on various processes for report generation
- Generate various reports to measure fair value, market risk, currency, and counterparty exposure and P&Ls using analytical tools and systems
- Analyze and validate the result based on the portfolio positions and market movement and reconcile with data from outside counterparties such as derivative counterparts, custodians, and clearers
- Develop analytical tools and utilities to support new products and/or new initiatives using advanced tools and programming languages; provide production support to already developed tools and models as required
- Implement productivity enhancing utilities and applications
- Provide ad-hoc support to portfolio managers and traders in Treasury in pricing, risk analysis, exposure measurement and other needed tasks
- Monitor and recommend ALM related hedging transactions as part of the team
- Independently research, analyze, and setup new market or trading instrument related requirements
- Prepare and maintain documentation of individual and group work
- Collaborate with team members as well as IT and back-office teams to maintain and improve the quality of reports and in various new/on-going initiatives
- Provide hands-on training/assistance to client users and mentor junior staff on issues related to their functions.
Selection Criteria
- Master's degree in Economics, Finance, Engineering, Mathematics or Business with at least five years of relevant experience
- Strong analytical skills
- High degree of motivation to enhance productivity and efficiency using computer systems
- Careful attention to details and reliability of the output
- Ability to work under pressure
- Excellent communication skills to explain the logic behind the analysis
- Commitment to the daily production of error-free reports
- Knowledge of fixed income mathematics, derivatives and information technology
- Knowledge of Bloomberg, Reuters, Summit (Misys) will be a strong advantage
- Proficiency in VBA, C++, Oracle, SQL, MS Access and Excel in order to maintain and improve existing reporting applications. Experience in UNIX will be a big plus.
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.