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Financial Assistant

World Bank Group • Washington, District of Columbia, United States • $50.28k - $80.44k / year • 3m ago

Financial Assistant

Job #:

req32960

Organization:

World Bank

Sector:

Treasury

Grade:

Term Duration:

3 years 0 months

Recruitment Type:

Local Recruitment

Location:

Washington, DC,United States

Required Language(s):

English and Spanish

Preferred Language(s):

Portuguese and/or French a plus

Closing Date:

5/11/2025 (MM/DD/YYYY) at 11:59pm UTC

Description

Do you want to build a career that is truly worthwhile? 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 and promoting shared prosperity. 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. For more information, 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.

Departments & Teams

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.

With us, you won't just work in financial markets; you'll help create new ones.

The World Bank Treasury launched a global recruitment campaign to attract the best and brightest talent in the world. We encourage you to learn more about Treasury, its organization, people, and careers at treasury.worldbank.org/careers.

Poverty has no borders, and neither does excellence.

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.

Capital Markets and Investments

Within Treasury, the Capital Markets, Investments (CMI) department is responsible for managing annual funding programs for IBRD (approx. $55-65 billion) and IDA (approx. $10-15 billion) and building sustainable capital markets, managing liquid asset portfolios for IBRD and IDA (approx. $115-125 Billion), and the asset and liability management aimed at reducing risk on IBRD and IDA's balance sheets. CMI also advises clients on loans and risk management products and structures financial products for development. CMI emphasizes achieving the best possible financial terms within prudent market, liquidity, credit, operational, and reputational risk parameters. CMI is comprised of six teams carrying out these responsibilities. The working environment is fast-paced and dynamic, as the teams regularly deal with new ideas, projects, and challenges.

Financial Products and Client Solutions

The CMIFP team designs and implements financial products and provides advisory services to help clients maximize access to development financing and mitigate risks. They assist clients in finding suitable financing sources and project financial terms, working with project teams, country management units, and government counterparts. Clients may face currency, interest rate, refinancing risks, and vulnerabilities to natural disasters or commodity price volatility. The World Bank offers a range of financial products, including loans, credits, guarantees, risk management products, contingent credit lines, insurance/reinsurance, and derivatives.

Market Solutions and Structured Finance

The CMIMS team designs and executes market-based risk management and structured transactions for external and internal clients and provides structuring expertise and advisory services to address development challenges. The team designs and issues catastrophe bonds that provide insurance coverage for natural disasters and outcome bonds that mobilize financing for development projects, passing project risk to bond investors.

Duties and Responsibilities:

The Financial Assistant will comprehensively support two senior Capital Markets & Investment teams. The successful candidate will prioritize workflow to meet internal and external client requests and deadlines, ensuring seamless operations and facilitating team productivity while maintaining close relationships with the other Treasury departments. His/her primary responsibilities will include, but are not limited to, some combination of the following activities:

Administrative Support

Manage the manager's calendar, ensuring seamless coordination of meetings, appointments, and missions, and resolving scheduling conflicts independently.

Facilitate smooth communication and workflow coordination between the manager and the Bankers, a group of senior staff responsible for maintaining client relationships at the highest decision-making levels.

Coordinate complex team events, including Annual and Spring Meetings, workshops, retreats, and social gatherings

Maintain accurate and organized files, ensuring easy retrieval and compliance with organizational retention policies.

Provide office support to the CMIFP and CMIMS teams, including managing leave and time recording applications, ordering office supplies, handling ICAM and pCard management, submitting service requests, coordinating office moves, and handling other ad hoc requests.

Handle ad hoc duties that may be assigned by the supervisor (s) or Senior Financial Assistant, that may arise from other areas of the Capital Markets and Investments Department, especially during workflow changes, absences, and heavy work periods.

Communications

Support and collaborate in the drafting, translating, and disseminating high-quality communications, including briefs, reports, emails, and presentations, to internal and external clients, ensuring clarity and consistency.

Data Management and Analysis

Develop and maintain databases to enhance team efficiency, provide timely access to crucial information, and support accurate reporting.

Monitor the use of Work Program Agreement funds to report to management, ensuring compliance with budget requirements.

Procurement Transactions

Manage vendor registration, purchase orders, and payment processes to improve efficiency and timely payments.

Execute and monitor bond transaction payments to vendors, ensuring compliance with Corporate Procurement guidelines.

HR-Related Responsibilities

Facilitate the end-to-end recruitment and onboarding processes for local and international staff and consultants, ensuring alignment with the team and organization requirements

Selection Criteria

The successful candidate must have the following qualifications:

1. Minimum Education/Experience: High school diploma with 7 years of experience or equivalent combination of education and experience (bachelor’s degree preferred).

2. Excellent organizational and administrative skills, demonstrated ability to organize, prioritize, schedule, plan, and coordinate work and other activities internally and externally.

3. Solid experience and knowledge of The World Bank Group's organizational structure, administrative processes, policies, and procedures.

4. Proven track record in managing confidentiality. Strong personal ethics and sound judgment.

5. Experience with Annual and Spring Meeting coordination is a plus.

6. Strong attention to detail and to maintaining high-quality standards.

7. Proven ability to create and work in a team-oriented, multi-cultural environment, to perform effectively in a constantly changing environment with competing activities and demands, and to effectively serve as a team member.

8. Effective analytical, research, and problem-solving skills and the ability to work independently and make judgments and decisions with minimal supervision.

9. Fluency and strong communication skills in English and Spanish, including the ability to draft, proofread, and edit correspondence. Fluency in French or Portuguese is a plus.

10. Positive attitude, high degree of initiative, proactivity, reliability, and resourcefulness.

11. Strong interpersonal skills and commitment to work in a team-oriented, multi-cultural, client-focused environment.

12. Excellent office technology skills, including experience with Microsoft Suite and Adobe Acrobat. Preferred experience with The World Bank Systems, such as SAP, TRS, LARS, Travel, Admin Portal, COMPASS, ICAM, Client Connection.

13. Flexibility at work and willingness to perform additional tasks.

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