E T Consultant Job #: req33127 Organization: World Bank Sector: Financial Management Grade: EC1 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: 5/23/2025 (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. The World Bankโs vision is ending extreme poverty on a livable planet. For more information, visit www.worldbank.org.
The Pension and Endowments Department (PEN), which is part of the Treasury Vice Presidency, is responsible for the financial management and administration of the World Bank Group's funded post-retirement 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 (the Plans). The Pension Finance Committee (PFC) has oversight responsibility for the financial management of the plans.ย
The Pension Investments (PENIN) team is responsible for the investment management of the pension plan assets. The key responsibilities include developing the investment strategy, which is outlined in the policy framework and strategic asset allocation and approved by the PFC, and executing the investment strategy through external fund management, ensuring the integration of Environmental, Social, and Governance (ESG) factors. PENIN manages approximately US$40 billion across various asset classes such as fixed income, public equities, private equity, real assets, private credit, and absolute return strategies.ย
Staff in PENIN are allocated to a particular team upon entry. They may be reassigned to other PENIN teams at the discretion of the Manager of PENIN in response to business priorities. This ET Consultant (ETC) position is intended for PENINโs Investments Capabilities function.
The responsibilities of PENINโs Investment Capabilities team include:
1. Investments Administration:
o Coordinating and monitoring investment and legal investment pipelines (in close collaboration with LEGFI).
o Timely completion/execution of legal documents in liaison with LEGFIย
o Providing logistical support for investment due diligence and documentation for new investments.
o Coordinating the execution, transmission and archival of all legal documentation.
o Managing communication with asset managers, including meetings, due diligence sessions, and other outreach activities.
o Coordinating and providing logistical support to the asset class teams, as needed.
2. Implementation of IT solutions: Collaborate with ITS, PENMO, and all PENIN teams to select and implement integrated end-to-end technology solutions that streamline investment processes for investment functions. The key functional building blocks of the technology solutions include:
o Ensuring data aggregation and recording from external managers and processing transactions.
o Managing relationships with external managers and processing transactions.
o Monitoring investment portfolios and producing performance metrics.
Roles & Responsibility:
The ET Consultant will be responsible for specific tasks related to the implementation of legal documentation for all asset classes or strategies, which will include a combination of, but not limited to, the following:
โข Assist in the preparation (completion and processing) of investment fund legal documents such as Subscription Documents and execution of transaction documents negotiated by LEGFI, such as Side Letters, and Limited Partner Agreements, among others.ย
โข Coordinate the legal documentation sign-off with the PEN Director and/or authorized signatories.ย
โข Coordinate PEN aspects of legal investment pipeline to ensure all requests of PEN are timely and accurately reflected, update the pipeline with any changes and to liaise with LEGFI to enable allocation of legal coverage and ensure legal documents are prepared and ready before datelines.ย ย
โข Act as liaison with LEGFI for relevant legal documentation and inquiries.
โข Maintain files electronically and relevant hard copies, including of all documents pertaining to investments and service contracts, for easy access by team members
โข Assist with internal and external audits
โข Serving as back-up to other Financial Assistants in the department. Undertaking ad hoc duties as may be assigned by the Senior Financial Assistant during absences and/or heavy work periods.
Selection Criteria
โข Minimum Education/Experience: Bachelorโs degree in Administration or Law degree with at least 2 years relevant work experience, or combination of degree and experience equivalent.
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 Excellent skills in organizing, prioritizing, and coordinating work.
โข Capacity to deliver a substantial and proficient level of work independently.
โข Sense of responsibility, integrity, and positive attitude.
โข Legal Capabilities: Ability to identify relevant issues and risks which could have an impact on the investment and liaise with the relevant PEN stakeholders and LEGFI accordingly. Dedicated team player with excellent organization skills, proactive, keen attention to detail, and a demonstrated ability to handle a variety of concurrent activities in a timely manner with minimal supervision.
โข Excellent interpersonal and communication skills, with ability to interact tactfully in internal/external contacts at all levels, exercising good judgment in handling confidential and sensitive information.
โข Flexibility to perform a variety of tasks and expand the scope of work and responsibilities, with willingness to work overtime on short notice and committed to achieving individual and team results.
โข Highest ethical standards.
Lead and Innovate
Applies creativity, flexibility, and persistence to develop new approaches. Considers own behavior in the context of WBG's values and mission and recognizes the impact on others. Frames problems and
recommends solutions.
Deliver Results for Clients
Demonstrates initiative, independence, and autonomy in addressing client needs in changing business contexts and environments. Has knowledge of department strategy, vision, and goals and can link them to those of the larger organization. Allocates and prioritizes resources according to areas of most urgent need and greatest impact for the client.
Collaborate Within Teams and Across Boundaries
Adopts a collaborative approach to improve overall effectiveness outside one's department and
displays an open, helpful attitude toward others. Approaches conflict as common problems to be solved. Demonstrates understanding of and acts to incorporate multiple perspectives. Frames thinking/actions with a WBG corporate perspective in mind.
Create, Apply, and Share Knowledge
Takes ownership of the organization of knowledge-sharing and learning activities. Contributes to the knowledge of the workgroup and beyond. Uses feedback to develop self and mentor others. Builds personal and professional networks within and beyond the work group.
Make Smart Decisions
Anticipates, researches, reviews, and analyzes available data and relevant empirical evidence,
including lessons learned. Understands risk and can provide basic assessment using cost-benefit analysis. Uses critical thinking and good judgment to make decisions. Supports decisions, takes action, and ensures appropriate follow-up actions are taken.
Records Management/Content Management on Web
Basic conceptual understanding of the principles underlying records management. Ability to identify the essence of the document, file the documents using the correct schema, and route it to appropriate staff for further action.
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 theย World Bankย andย 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.