What are the responsibilities and job description for the Financial Operations Analyst - req31945 position at IFC - International Finance Corporation?
Financial Operations Analyst
Job #: req31945
Organization: IFC
Sector: Treasury
Grade: GE
Term Duration: 3 years 0 months
Recruitment Type: Local Recruitment
Location: Washington, DC,United States
Required Language(s): English
Preferred Language(s)
Closing Date: 3/10/2025 (MM/DD/YYYY) at 11:59pm UTC
Description
IFC — a member of the World Bank Group — 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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet. For more information, visit www.ifc.org.
The IFC Controllers Department (CNT) is responsible for effectively and efficiently managing IFC’s Financial Operations (loan, equity and short-term finance operations, and back-office treasury support operations), Financial Reporting (including portfolio review, investment accounting and accounting policy), Internal Controls, and complemented by a Solutions and Transformation team. The Department comprises approximately 140 diverse and highly skilled staff, based in Washington D.C., and Chennai.
The Treasury Support Operations Division (CNTTR) within IFC provides operations support and accounting services for all IFC Treasury activities. CNTTR is additionally responsible for managing treasury support processes, operations, and accounting of all IFC cash and share capital transactions. The division plays a key role in the development and operationalization of IFC Treasury’s new business initiatives and products. The CNTTR team has operations in Washington, D.C., and Chennai (India) and delivers its work program using a follow-the-sun approach.
The IFC Trade Support team within the Treasury Support Operations unit in Washington D.C. (CNTTR) is seeking a Financial Operations Analyst to join our dynamic team. This is a technically specialized position that will support confirmations and processing of Treasury transactions, including bonds, derivatives, etc. The position requires thorough knowledge of treasury products, particularly ISDA derivatives trade confirmation, as well as proficiency in handling multiple systems, including Summit/Murex (the front-to-back treasury system), Quantum (the cash processing system), etc. The position requires experience in digital transformation, process re-engineering, and automation by leveraging relevant systems and tools. The selected candidate will be required to work with various teams across Controllers and become a fully functional team member within a short timeframe. The position requires the ability to establish productive relationships with staff at all levels within the team and across various units of IFC.
Duties & Responsibilities
The Analyst’s primary responsibilities will include, but are not limited to, the following duties and responsibilities:
Client Understanding and Advising: Advises the clients and helps them think proactively about how to best meet their current and future needs, taking into consideration the real underlying issues. Works across CNT and with other VPUs to define client needs and develop the right solutions to meet those needs. PLUS: Provides recommendations to multiple VPUs that can add value to customers beyond normal offerings.
Broad Business Thinking: Maintains an in-depth understanding of key business issues. Sets clear explanations for the integration and alignment of CNT solutions with business functions. PLUS: consider WBG-wide implications in decision-making to ensure consistency across WBG. Sponsors long-term VPU-wide initiatives.
Information Technology and Systems: Demonstrates understanding of the functions and operations of pertinent IT systems and applications. Provides inputs to IT system enhancement efforts based on day to day working experience and knowledge of the systems.
Analytical Thinking: Coordinates the information gathering and reporting process. Reviews trends and compares to expectations. Conducts analysis to define problems and prepares responses to anticipated questions.
Policies and Procedures: Demonstrates thorough knowledge of policies and procedures in related fields.
Risks and Controls: Leads by example and serves as best practice champions in completing internal control procedures, including understanding impact beyond own immediate functional areas.
Communication: Adapts the communication style appropriate for the intended audience. Adopts an inclusive approach to communication as is appropriate to the situation, to ensure adequate stakeholder participation. Presents information effectively and encourages feedback.
Project Management: Understands and utilizes the concepts of project management, as they relate to the implementation of a project.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
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.
Job #: req31945
Organization: IFC
Sector: Treasury
Grade: GE
Term Duration: 3 years 0 months
Recruitment Type: Local Recruitment
Location: Washington, DC,United States
Required Language(s): English
Preferred Language(s)
Closing Date: 3/10/2025 (MM/DD/YYYY) at 11:59pm UTC
Description
IFC — a member of the World Bank Group — 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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet. For more information, visit www.ifc.org.
The IFC Controllers Department (CNT) is responsible for effectively and efficiently managing IFC’s Financial Operations (loan, equity and short-term finance operations, and back-office treasury support operations), Financial Reporting (including portfolio review, investment accounting and accounting policy), Internal Controls, and complemented by a Solutions and Transformation team. The Department comprises approximately 140 diverse and highly skilled staff, based in Washington D.C., and Chennai.
The Treasury Support Operations Division (CNTTR) within IFC provides operations support and accounting services for all IFC Treasury activities. CNTTR is additionally responsible for managing treasury support processes, operations, and accounting of all IFC cash and share capital transactions. The division plays a key role in the development and operationalization of IFC Treasury’s new business initiatives and products. The CNTTR team has operations in Washington, D.C., and Chennai (India) and delivers its work program using a follow-the-sun approach.
The IFC Trade Support team within the Treasury Support Operations unit in Washington D.C. (CNTTR) is seeking a Financial Operations Analyst to join our dynamic team. This is a technically specialized position that will support confirmations and processing of Treasury transactions, including bonds, derivatives, etc. The position requires thorough knowledge of treasury products, particularly ISDA derivatives trade confirmation, as well as proficiency in handling multiple systems, including Summit/Murex (the front-to-back treasury system), Quantum (the cash processing system), etc. The position requires experience in digital transformation, process re-engineering, and automation by leveraging relevant systems and tools. The selected candidate will be required to work with various teams across Controllers and become a fully functional team member within a short timeframe. The position requires the ability to establish productive relationships with staff at all levels within the team and across various units of IFC.
Duties & Responsibilities
The Analyst’s primary responsibilities will include, but are not limited to, the following duties and responsibilities:
- Perform trade verification and settlement activities for Treasury transactions, including but not limited to bonds, futures, options, swaps, money-market, and other cash instruments.
- Carry out processing and validation activities for ISDA contracts for OTC derivatives.
- Perform trade servicing activities, including flow analysis, validation and processing, reconciliation, and troubleshooting of the settlements. This task involves interfacing with market counterparts, custodians, banks, and internal partners as needed.
- Investigate and close out all unresolved settlement discrepancies.
- Prepare and process a suite of SWIFT messages that support Treasury transactions.
- Build and sustain effective relationships with internal and external partners and clients, including market counterparts, custodians, agents, and banks.
- Conduct transaction analysis and recommend system enhancements for daily operations and reconciliation activities by leveraging and integrating tools like Alteryx, Power BI, and Power Automate.
- Participate in digital transformation efforts in CNTTR, including testing and implementation of new/enhanced systems and processes.
- Ensure documentation of, and compliance with, all business processes in the unit
- Continually look for opportunities to improve processes and internal controls.
- Act as backup in the absence of other Treasury Support Unit staff, as and when required
- Communicate effectively with IFC Treasury Support Staff and management, both in Chennai and in Washington, D.C., on the status of all assigned activities.
- Bachelor’s degree in Accounting, Finance, or Business Administration. A master’s degree in a related field and/or a CFA is a plus.
- Minimum of 3 years experience in various Treasury operations functions such as trade confirmation, settlements, ISDA documentation, etc.
- Professional accounting certification, such as CA/CPA/ACCA etc., is a plus
- In-depth knowledge of fixed income and OTC derivative instruments related to capital market and investment operations.
- A strong working knowledge of Summit (treasury system), Murex, Quantum (cash system), SWIFT, and other settlement or confirmation platforms is a strong advantage.
- Proven experience in digital transformation and automation.
- Proficiency in SQL, Power BI, Tableau, Power Automate, or Alteryx is a plus.
- Competent in office technology tools, including Word, Excel, and PowerPoint.
- Ability to contribute to team performance with strong interpersonal and communication skills.
- Self-starting, highly disciplined, and team-oriented individual with strong analytical and problem-solving skills.
- Fluency in written and spoken English required.
Client Understanding and Advising: Advises the clients and helps them think proactively about how to best meet their current and future needs, taking into consideration the real underlying issues. Works across CNT and with other VPUs to define client needs and develop the right solutions to meet those needs. PLUS: Provides recommendations to multiple VPUs that can add value to customers beyond normal offerings.
Broad Business Thinking: Maintains an in-depth understanding of key business issues. Sets clear explanations for the integration and alignment of CNT solutions with business functions. PLUS: consider WBG-wide implications in decision-making to ensure consistency across WBG. Sponsors long-term VPU-wide initiatives.
Information Technology and Systems: Demonstrates understanding of the functions and operations of pertinent IT systems and applications. Provides inputs to IT system enhancement efforts based on day to day working experience and knowledge of the systems.
Analytical Thinking: Coordinates the information gathering and reporting process. Reviews trends and compares to expectations. Conducts analysis to define problems and prepares responses to anticipated questions.
Policies and Procedures: Demonstrates thorough knowledge of policies and procedures in related fields.
Risks and Controls: Leads by example and serves as best practice champions in completing internal control procedures, including understanding impact beyond own immediate functional areas.
Communication: Adapts the communication style appropriate for the intended audience. Adopts an inclusive approach to communication as is appropriate to the situation, to ensure adequate stakeholder participation. Presents information effectively and encourages feedback.
Project Management: Understands and utilizes the concepts of project management, as they relate to the implementation of a project.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
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.
