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The World Bank Treasury is one of the few places where you can be on the leading edge of finance as it sits at the only nexus of finance, innovation, and international development. We manage the institution's finances to enable all World Bank operations and lending. Each year, we issue over $50 billion in bonds, prudently manage over $180 billion in assets, and process over $7 trillion in transactions. Treasury has three departments and a compliance and controls team. Learn more about our organization: https://treasury.worldbank.org/en/about/unit/treasury/about/what-we-do.
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With employees based in Washington, Chennai, Paris, Tokyo, Singapore, and Sofia, the World Bank Treasury represents over 50 nationalities, and our leadership team hails from all regions of the world. We are proud to be an equal opportunity and inclusive employer. We have a dedicated and committed workforce and do not discriminate based on gender, race, ethnicity, religion, disability, sexual orientation, or gender identity. Learn more about Treasury's greatest strength: its diverse and dedicated staff.
Background and general description:
Treasury Banking Operations
Treasury (TRE) has been a large and significant player in the international financial markets for over seventy years and has achieved a global reputation as a prudent and innovative borrower, investor and risk manager. Treasury is responsible for: (i) managing approximately $195 billion in assets for the World Bank and other official sector investors; (ii) leading IBRD’s and IDA’s triple-A rated financing programs in international and domestic bond and derivative markets; (iii) conducting asset and liability management for IBRD’s and IDA’s balance sheets; (iv) overseeing the development and outreach related to the financing and hedging products the Bank provides for its developing-country clients; and (v) collaborating with the World Bank member countries to help build their capacity. Staff in Treasury regularly interact and collaborate with other Departments across the Bank and Finance Partners’ teams.
The Treasury Operations Department (TREOP) provides a full range of operational support for the Treasury’s asset management, capital markets and banking businesses. The Department is presently organized into three operational units: Asset and Liability Operations (TREAL), Cash and Banking Operations (TREBK)and Quantitative Solutions and Analytics (TREQA), and a Financial Technology coordination unit (TREFT).
The Treasury Banking Operations (TREBK) team Treasury Banking Operations (TREBK) is the unit providing banking and payments services for World Bank Group (WBG) entities, as well as IBRD-Trust Funds. It ensures all World Bank payments, receipts, and FX related to corporate cash activity are processed and performs key reconciliation controls and reporting over cash transactions and investment portfolios. The unit consists of four teams responsible for coordinating to execute the work program: (1) cash planning and ensuring all FX conversions are executed to meet the Bank’s liquidity needs and processing payments and receipts for proper accounting; (2) managing bank accounts and relationships with all corporate banking counterparts: (3) performing controls to ensure the completeness, accuracy and validity of all cash and security positions, investigating and resolving differences with external records, and financial reporting of cash balances and external client reporting of investment holdings; and (4) managing the WBG’s SWIFT infrastructure and maintaining SSIs and key static data related to payment and receipt processing.
Roles and Responsibilities:
Under the guidance and supervision of a Team Lead, the selected candidate will have responsibilities for specific individual tasks/projects within TREBK’s Investigation, Reconciliation and Accounting (IRA) team in executing TREBK’s work program across more than 1,000 cash and custody accounts, while maintaining close relationships with the other Treasury departments. The selected candidate will work across all areas of the World Bank as the transactions that flow through these accounts include not only those driven by Treasury’s funding and investment activities, but also every cash transaction affecting World Bank Group activities. For example, this includes: loan disbursements and repayments to our client countries; IBRD and IDA capital contributions from our member countries and trust fund donors; and administrative, payroll and pension payments. The IRA team supports the replenishment of country office accounts around the world, MIGA premium payments and reimbursements, and ICSID arbitration deposits and refunds. The team also plays a critical role in IT transformation projects across Treasury given its central role in the banking operations function.
Within the IRA team, the selected candidate’s primary responsibilities will include, but are not limited to, some combination of the following activities:
Projects, Systems and Process Improvements:
Cash Investigations:
Client Reporting:
Cash Accounting: