E T Temporary Job #: req33593 Organization: World Bank Sector: Treasury Grade: ET4 Term Duration:ย 1 year 0 months Recruitment Type: Local Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 7/4/2025 (MM/DD/YYYY) at 11:59pm UTC
Description
Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. Visit www.worldbank.org.
The Pension and Endowments Department (PEN) is responsible for the financial management and administration of the World Bank Group's funded benefit plans, including the retirement scheme - the Staff Retirement Plan, the retiree medical and life insurance programs - the Retired Staff Benefits Plan, and other ancillary benefits. Financial management includes asset management responsibilities and actuarial support.ย PEN manages about $41 billion US dollars invested across a range of asset classes, from fixed income to public equities to private equity, real assets and absolute return strategies. The Pension Finance Committee, appointed by the Bank Group President and chaired by the Chief Financial Officer, has oversight responsibility for the financial management of the plans. PENโs responsibilities also include the delivery of technical assistance on multi- asset class investment management to pension plans, endowments and funds for the future, and the management of the Pension Administration function. PEN identifies, selects, evaluates, and monitors investments, mainly through outside managers, globally.
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The Pension Middle Office team (PENMO) under PEN is responsible for providing a full range of functions supporting these investment activities, including the following: i) pension plan operational activities, ii) pension plans financial statements, iii) pension investment performance and attribution, iv) private asset portfolio administration, v)asset class exposure monitoring, vi) investment asset pricing and valuation, and vi) third-party clientsโ reporting.
The World Bank Group is committed to achieving diversity in terms of race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.
Roles & Responsibility:
The selected candidate will support the post investment documentation process. They will work with PENMO team members and will coordinate with other teams including PENIN and LEG.ย
The main responsibilities include but are not limited to the following:
โข Track all incoming mails from fund managers in various mailboxes, ensure completeness and full coverage of all communication received in these mailboxes
โข Classify the incoming mails and ensure that each mail is worked upon/allocated within the stipulated timelines
โข Maintain a log with the list of queries received, deadlines, and status of each request
โข Assist in the preparation of documents such as FATCA, tax exemption, KYC/AML, and consent/election requests
โข Coordinate with LEG and PEN for reviews, additional documents, and any sign offs that may be required
โข Follow up on pending items/responses and ensure timely action on each email within agreed timelines.
โข Create and maintain a database of executed documents
โข Understand the nuances especially legal aspects of the communication or documentation and act upon them accordingly.
Selection Criteria
โข Degree in a general business-related field with a minimum of 2 plus years of related experience. Candidates with para-legal experience and/or similar experience in investment middle office of a multi asset class investment entity would be at an advantage.
โข Experience with processing investment related legal documentation.ย Familiarity with legal status of international organizations a plus. Basic understanding of economic and financial principles and terminologies.
โข Candidates who are Notary Public in DMV area will be preferred.
โข Proficiency in editing documents using Adobe, and Microsoft Office especially in Microsoft Excel.
โข Basic knowledge of legal and financial terminologies would be a plus.
โข Demonstrated ability to handle and analyze large amounts of data, to streamline processes to deliver accurate and useful reports to clients and carry out critical control procedures to a high degree of professionalism.
โข Demonstrated ability to maintain relationships and communications with key stakeholders.
โข Creative thinker and quick learner with initiative, drive, and attention to detail.
โข Proven capacity to multi-task, deliver results, and respond quickly and effectively to requests. Ability to work under pressure and resolve conflicts.
โข Excellent communication -- both verbal and written skills are required. Experience in giving presentations and training is desirable.
โข Good team player with strong interpersonal skills and commitment to work in a team-oriented, multi-cultural environment.
โข Demonstrated ability to collaborate across multidisciplinary teams to foster strategic business partnerships.
Competencies:
Deliver Results for Stakeholders:
Add value by constantly looking for better ways to get more impactful results; set challenging stretch goals for oneself. Immerse oneself in stakeholdersโ experiences and perspectives by asking probing questions to understand unmet needs. Demonstrate accountability for achieving results. Identify and propose solutions to mitigate and manage risks.
Collaborate Within Teams and Across Boundaries:
Appropriately involve others in decision-making and communicate with key stakeholders. Approach conflicts as common problems to be solved. Actively seek and consider diverse ideas and approaches displaying a sense of mutuality and respect. Integrate WBG perspectives into work.
Create, Apply and Share Knowledge:
Leverage the department's expertise and body of knowledge across WBG to strengthen internal and/or external solutions. Seek to learn from more experienced staff to deepen or strengthen their professional knowledge and help others to learn. Build personal and professional networks inside and outside the department and unit.
Make Smart Decisions:
Seek diversity of information and inputs, research possible solutions, and generate recommended options. Identify and understand risks and propose recommendations. Based on risk analysis make decisions on time within own area of responsibility, considering the interests and concerns of stakeholders.
WBG Culture Attributes:
1. Sense of Urgency โ Anticipating and quickly reacting to the needs of internal and external stakeholders.
2. Thoughtful Risk Taking โ Taking informed and thoughtful risks and making courageous decisions to push boundaries for greater impact.
3. Empowerment and Accountability โ Engaging with others in an empowered and accountable manner for impactful results.
World Bank Group Core Competencies
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.ย
Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.