Description
IFC โ a member of the World Bank Group โ is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.
Treasury Market Operations (CTM) serves as IFC Treasuryโs market counterparty-facing front office.ย CTM is responsible for funding operations and the management of IFCโs cash and liquid assets.
Liquid Assets Management (CTMLM) in the Treasury & Syndications Vice-Presidency is responsible for managing that portion of IFCโs liquid assets not immediately required for disbursement to the mission, the โStrategic Portfoliosโ. CTMLMโs primary objectives are to preserve IFCโs capital and maximize returns while operating in compliance with the Investment Directive including the Risk Appetite Limits established by the Corporate Risk Committee. IFC liquid assets are invested in the highest-quality interest-bearing instruments (fixed and floating) and held in distinct and individually managed sector/region-focused-sub-portfolios. Each sub-portfolio is managed by a Portfolio Manager with individual accountability for their assigned sub-portfolio and shared accountability for the overall performance of the Strategic Portfolios.
The ETC will report to the CTMLM manager, but his/her tasks and responsibilities will span the three units within CTM: Liquid Asset Management, Cash Management and Funding.
Role & Responsibilitiesโขย Trading operations: maintaining transactions using the Corporationโs trade processing and valuation systems, correct trade-entry errors, update reference-rate fixings, prepare rating letters and term-sheets.โขย Develop analytical tools and provide analytical support to IFC Treasuryโs trading and client facing units.ย ย ย โขย Enhance and maintain the derivative pricing programs and programs for the measurement of credit exposure.ย ย ย โขย Support Funding Team on some trade maintenance (Buybacks, Calls and Knock-outs).ย ย ย โขย Test and peer-review internally developed models.ย ย ย โขย Investigate derivative mark-to-market discrepancies between IFC and its swap counterparties.ย ย ย โขย Develop and maintain utility programs, such as report generators - generate reports for front-office staff and senior management in support of trading. operations, cash management, risk measurement and performance measurementโขย Monitor and troubleshoot daily and month-end automated jobs.ย ย ย โขย Actively seek knowledge needed to complete assignments and share knowledge with others.ย ย ย โขย Creating and maintaining documentation.ย ย ย โขย Any other task supporting the Funding, Cash and Liquid Asset teams.
Selection Criteria
โขย Applicants must have a Master or higher degree in Finance, Mathematics, engineering or equivalent.ย ย โขย 3+ years of work experience in the financial sector.โขย Solid understanding of fixed income mathematics. Strong quantitative, analytical, modeling and econometrics skills.ย โขย Able to determine appropriate modeling and valuation techniques and to construct models consistent with market practice.ย โขย Proficiency in working with databases.ย โขย Knowledge of Python, Excel VBA.โขย High degree of motivation and commitment to highest ethical standards.โขย Very high attention to detail.ย โขย Strong interpersonal skills.ย โขย Strong sense of urgency, which is reflected in timely responses to client queries.โขย Ability to work under pressure and meet deadlines.
World Bank Group Core Competencies
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