Finance Officer - The World Bank

The Chief Risk Officer (CRO) Vice Presidency of the World Bank is the core unit responsible for institutional risk oversight, including establishment and monitoring adherence to risk policies and guidelines and risk assessment and reporting to the Board and executive management.

The Market & Counterparty Risk Directorate focuses on oversight of risk in two areas:

I. Market Risk, which covers ALM, interest rate, spread (funding and investments) and FX risk, and the availability/cost of or access to ready liquidity and long-term funding, and

II. Commercial (i.e. not sovereign lending) Credit Risk, which includes risks to IBRD resulting from changes in creditworthiness of IBRD’s commercial counterparties.

Responsibilities for both areas focus on three sub-functions:

1. Risk Control Guidelines: Establishing and maintaining robust risk control guidelines (including setting limits) governing IBRD’s investment management, borrowings and derivatives, consistent with the institution’s financial policies and risk tolerances;

2. Risk Monitoring and Compliance: Identifying and measuring IBRD’s market and counterparty risks; Assessing risk associated with new strategies, initiatives and transactions; Ensuring compliance with financial policies and risk control guidelines; Managing the process of resolving exceptions where required

3. Reporting: Providing executive management and the Board with regular risk oversight reports. Providing the enterprise’s thought leadership on risk issues and relevant industry, regulatory and legal developments.

Duties and Accountabilities:

The position of Finance Officer will be part of the quantitative analytics team and will report to the Manager – Market Risk unit under the Market & Counterparty Risk Directorate in Washington DC. Specific accountabilities will include the following:

• Lead all maintenance, design and development for the risk database.

• Oversee running and of key data-driven analytics as well diagnostic activities to troubleshoot and explain results.

• Act as group expert regarding internal position and pricing data as well as external market data.

• Develop data analysis processes and capabilities to support high level quarterly and monthly management reporting on risk and risk attribution, including sensitivity analyses.

• Develop complex program models to extract data and use databases to provide statistical and financial modeling. Perform project work on automation and data capture initiatives.

• Perform daily/monthly/quarterly market risk reporting, limits monitoring, trend analysis. Research and report on key changes.

• Research and follow up on queries regarding portfolio risk and risk factors including portfolio composition, market changes and changes to analytical method

Desired Skills and Experience

• 5 years’ work experience in Market Risk or trading/capital markets quantitative analysis environment.

• Advanced degree in financial engineering or other equivalent technical specialty

• Knowledge of fixed income products and markets, including derivatives.

• Knowledge of Greeks, risk measures, sensitivities and VAR.

• Strong quantitative, analytic and reasoning skills.

• Strong (minimum 3 years’ experience) object oriented design and programming skills in C#, Java or C++.

• Strong knowledge and hands-on experience with relational databases as well as the SQL Language.

• Solid MS Excel skills and knowledge of a statistical programing language like R or Matlab.

• Experience with data mining and MIS reporting.

• Strong communications skills.

For further details and to apply, please go to www.worldbank.org/careers and under “current job openings” seek vacancy number 150070. Deadline for applications is February 8, 2015.