E T Temporary - Financial Assistant

E T Temporary - Financial Assistant Job #: req33846 Organization: World Bank Sector: Treasury Grade: ET3 Term Duration: 1 year 0 months Recruitment Type: Local Recruitment Location: Chennai,India Required Language(s): English Preferred Language(s): Closing Date: 7/28/2025 (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. Treasury is the Vice Presidency, reporting to the Managing Director and World Bank Group Chief Financial Officer, performing treasury functions for the IBRD and IDA and, to varying degrees, for other members of the World Bank Group and other public sector investors. Its activities are organized and grouped into the following departments: Capital Markets & Investment Management, Client Asset Management and Advisory, and Treasury 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). 
Treasury Asset and Liability Operations (TREAL) is the unit responsible for delivering on a range of operations functions supporting the funding, investment, and asset and liability management portfolios for internal World Bank Group (IBRD, IDA, MIGA, and Trust Funds) entities. In addition, the team supports the investment portfolios for a growing roster of more than 60 client entities in domestic and international markets. The team provides integrated and end-to-end support for all trade execution and portfolio servicing activities including trade review, settlement and documentation, options monitoring, debt service and cash and collateral management across the full range of products including bonds, swaps, repos, deposits, and exchange-traded derivatives. 
In performing these functions, the team works closely with internal partners and market counterparts as well as external service providers such as technology vendors, custodians, and paying agents. In addition to managing the day-to-day operations, TREAL staff lead the research, coordination, and implementation of new products and markets across Treasury. The team has a heavy focus on, and takes a leadership role in, evaluating and deploying the latest products and technologies (core trading platforms and new initiatives and technologies like CBDC, blockchain, AI, robotics, etc.) to create efficiencies, reduce risk, and advance thought leadership amongst WB’s peers and clients. TREAL staff participate in capacity building programs for clients in these areas of expertise. TREAL staff recently co-led projects where the World Bank issued innovative digital bonds using blockchain technology and CBDC. In recognition of their efforts to advance capital markets and asset management, the TREAL team received several industry awards including for “Innovation in Reserves Management” (2021) and “Asset Servicing Initiative of the year” (2023). The team has twice been shortlisted for “Operations Team of the Year” award (2023 and 2024).
The TRE Operations Chennai (TRECH) is an integral part of TREOP 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 shared services center in Sofia, Bulgaria
Duties and Accountabilities: The incumbent’s primary responsibilities will include, but are not limited to, some combination of the following activities:
•   Work closely with the team to understand various facets of post-execution activities for fixed income, derivatives, and cash products to identify, analyze and prioritize process reengineering, automation and streamlining opportunities focusing on enhancing efficiency and accuracy. •   Support data collection, analysis, visualization, and report writing, including by innovatively using data, stories, and analytics to build powerful narratives.•   Support automation initiatives and projects relating to various sub-operational areas including maintenance of databases, dashboards, and reports using tools such as Power-Apps/Automate. •   Assist in the development and implementation of, and compliance with, changes to TREAL procedures, processes, and standards.•   Develop training and skill enhancement initiatives (e.g., through presentations, seminars, and workshops) to transfer global knowledge and experience for various client advisory projects.•   Other ad-hoc tasks as may be assigned. 
As determined by management, depending on business needs:
•   The candidate is expected to work Singapore / London shift and will be required to provide extended support to overlap with Washington DC.•   Candidate will be required to observe US Holiday calendar and might be required to work on designated holidays to meet reporting deadlines as per business needs.•   The position requires candidate to work from office in Chennai and comply with WBG's return-to- office guidelines for staff.

Selection Criteria

1. Bachelor’s Degree in Commerce, Accounting, Finance or Business Administration with at least 6 months of corporate experience in finance and/or fintech domain. 2. Strong quantitative and qualitative analytical skills, including programming knowledge of AI/ML, Python, Matlab, VBA, SQL and Microsoft tools & applications like Power Query, Power BI, Power Apps.3. Knowledge of, and interest and experience in financial products, including fixed income and derivatives, is preferred.4. Excellent written and verbal communication skills, with the ability to interact tactfully with clients and/or business associates across all levels, while exercising sound judgement in handling confidential information.5. Demonstrated ability to learn new technology quickly and effectively for maximum productivity. 6. Quick learner with high level of initiative, drive, and attention to details.7. Proven problem-solving skills with capacity to multi-task, deliver high quality results and respond quickly and effectively to requests.8. Diplomacy and strong interpersonal skills with commitment to work in a respectful, team-oriented, and multi-cultural work environment.9. Flexibility to overlap with U.S. hours and work on U.S. holiday calendar will be required to meet reporting deadlines along with willingness to travel to Washington D.C. for training and team projects.10. Highest ethical standards.
Competencies:
•   Financial Market Literacy - Can understand financial market processes; reads and analyzes financial reports and data such as holdings, valuation, performance, compliance, account reconciliations, position, margin, and settlement and risk reports.•   Client Services - Contributes successfully to on-site missions or workshops for Treasury clients.•   Process and Infrastructure Development - Makes recommendations to improve efficiency of the accounting, business risk or operations process.•   Operational Risk and Control - Understands the basic concepts of risk management and internal control frameworks.•   Treasury Operations - Adept or expert in processing a suite of transactions such as bonds, FX, or structured transactions, or managing country or transactional bank accounts and reference data.•   Client Orientation - Able to establish partnership based working relationships with internal/external clients. Demonstrates independence, initiative, and autonomy in addressing clients' needs.•   Drive for Results - Takes personal ownership and accountability to meet deadlines and achieve agreed- upon results and has the personal organization to do so.•   Teamwork (Collaboration) and Inclusion - Collaborates with other team members and contributes productively to the team's work and output, demonstrating respect for different points of view.•   Knowledge, Learning and Communication - Able to research and draft quality written materials or review adherence of written materials prepared by others to administrative requirements. Able to mentor and guide and organize learning activities within area of assigned responsibilities.•   Business Judgment and Analytical Decision Making - Able to use analytical, problem-solving skills and resourcefulness to make informed and practical decisions to carry out own work. Able to advice on information usage and storage, and policies in the area of assigned responsibilities.

WBG Culture Attributes:

1. Sense of Urgency – Anticipating and quickly reacting to the needs of internal and external stakeholders.
2. Thoughtful Risk Taking – Taking informed and thoughtful risks and making courageous decisions to push boundaries for greater impact.
3. Empowerment and Accountability – Engaging with others in an empowered and accountable manner for impactful results.

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 the World Bank and IFC, including our values and inspiring stories. 

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.