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, Cash Management
Locations: Washington, D.C., London, or Singapore
Area: Treasury
Job Summary
The Cash Management team in IFC’s Treasury Market Operations Department is responsible for managing the cash flows of IFC, which involves forecasting and funding all cash needs of the corporation on a daily basis. The team also handles the following critical financial functions of IFC:
- Global banking relationships
- The short-term borrowing (Discount Note) program, the proceeds of which are utilized for IFC’s general cash management operations as well as to fund short-term local currency loans to clients
- Short-term investments in liquid assets portfolios, which have over USD 40 billion in assets under management.
The (Associate) Financial Officer, Cash Management will be responsible for the following:
- Assist with daily cash operations and support senior financial officers in managing liquid assets investments
- Help with activities related to daily cash planning including forecasting and funding daily cash flows
- Assist with activities related to global discount note program
- Assist with investments in liquid assets portfolios, including trade execution under direction of senior officers
- Market surveillance and analysis
- Assist in managing global banking relationships.
Selection Criteria
- Master's degree in Business or Finance; CFA designation or progress towards it highly valued
- Minimum of five years of experience in fixed income related activities (e.g. trading or research)
- Knowledge of and experience with markets and financial instruments (cash and derivatives)
- Ability to work under pressure and adapt to a fast trading environment
- Understanding of macro economics
- 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.