World Bank

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 130 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. For more information, please visit www.worldbank.org

The World Bank Treasury

Are you inspired by a global mission to end poverty? Do you want to build a career in Finance with a global impact? 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

Treasury Operations Department

Treasury Operations Department (TREOP) provides a full range of middle and back-office support for Treasury’s asset management, capital markets and banking functions. TREOP is organized in three operational units: Asset and Liability Operations (TREAL), Banking Operations (TREBK), and Quantitative Solutions and Analytics (TREQA), supported by a TRE Technology Coordination function (TREFT)).

Banking Operations (TREBK) 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.

TREBK staff members are in the Bank’s Washington DC headquarters, in the Global Business Centers in Chennai, India and Sofia, Bulgaria.

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.

Responsibilities:

The TRE Operations Sofia (TRESF) is an integral part of TRE and is responsible for a variety of duties providing vital support across its operational divisions. It works closely with the Headquarters in Washington D.C. and another Global Business Center in Chennai, India. Under the guidance and supervision of a Team Lead and Functional Lead, the incumbent will be responsible for enhancing the data analytics of the TREBK Cash Management and Banking Relations teams by leveraging new technologies and tools. As such, Data Analysts/Scientists with limited financial services experience are welcome to apply. The incumbent will also be responsible for specific individual tasks/projects within TREBK’s Cash Management team in executing the team’s workprogram, while maintaining close relationships with the other Treasury departments and departments across WBG. The incumbent will also be responsible for tasks within TREBK’s Banking Relations team.

His/her primary responsibilities will include, but are not limited to, some combination of the following activities:

Data Analytics

• Build data analytics, reports, and dashboards using the Dremio datalake.
• Conduct requirements gathering sessions with stakeholders.
• Develop a Python tool to analyze news feeds and generate alerts and create a front-end interface for summarizing outputs and managing alerts.
• Design and implement reports using SQL queries and data analytics solutions and develop and maintain reports and dashboards using tools such as PowerBI and Tableau.
• Develop and document data standards, methods and techniques to improve how the underlying data is ingested, maintained, and validated to ensure its accuracy.
• Design and develop data models and analytics solutions in Dremio.
• Provide training and support to team members on developing, using and maintaining the new tools and technologies.
• Work closely with ITS to ensure the solution meets the World Bank IT Infrastructure architecture and security requirements.

Cash Management

• Perform daily cash planning, ensuring that corporate bank accounts are properly funded to meet all payments, any discrepancies are resolved, and any excess/deficient positions are covered through the investment portfolio.
• Ensure timely posting of receipts, funding of payments and FX requests to the appropriate business unit.
• Follow-up and confirm foreign exchange deals transacted directly with the Central Banks in various countries.
• Fund foreign exchange requests received from Business Units across the Bank.
• Fund payment requests received from Business Units across the Bank.
• Periodically review all cash application queues to ensure all transactions are cleared.
• Liaise with business units both in and out of TREOP/TRE to troubleshoot and solve various issues involving cash that might arise.
• Work collaboratively with teammates in resolving any issues related to disbursements or cash management as they may arise.
• Participate in any projects or other initiatives in TRE/WB as they may arise (such as Quantum upgrade, new transactions, etc.).
• Update procedures documentations as required.
• Perform ad-hoc functions or assist with team deliverables and projects.

Banking Relations

• Support colleagues to perform bank account maintenance functions, including opening, closing and negotiating bank accounts with commercial and central banks around the world for corporate and country office needs, coordinating with business partners and Legal on a timely accurate manner.
• Support banking relations functions including maintaining database of contact points and arranging periodic meetings to review service and learn from counterparts about emerging trends.
• Support periodic service assessment reviews of key banking service providers.
• Perform bank monitoring and geopolitical monitoring functions for assigned portfolio of correspondent banking partners.
• Respond to KYC, AML / CFT requests and address queries, coordinating with Legal, as needed.
• Act as the liaison with WBG-wide business units requesting Merchant Accounts (credit card accounts) to collect business revenues and chair users group meetings. Coordinate all Merchant Account openings / closures with gateway provider.
• Review dormant bank accounts with business units and provide a summary of follow-up actions needed.
• Respond to ad hoc queries as they may arise.