Financial Analyst, Washington, United States
Organization: The World Bank
Country: United States
Office: World Bank in Washington, United States
Closing date: Friday, 20 January 2023
Job #: req20600
Organization: World Bank
Term Duration: 2 years 0 months
Recruitment Type: International Recruitment
Location: Washington, DC,United States
Required Language(s): English
Preferred Language(s): Closing Date: 1/20/2023 (MM/DD/YYYY) at 11:59pm UTC
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 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’s Twin Goals The World Bank has twin goals of ending extreme poverty and promoting shared prosperity. Its capacity to fulfill these goals is underpinned by a Treasury Vice Presidency ("Treasury") that is widely recognized across the global capital markets for its dynamic professionalism and its record of innovation in obtaining outperformance for its clients in all the Treasury’s functions. The World Bank Treasury Treasury is the Vice Presidency performing treasury functions for IBRD and for other members of the World Bank Group. Its activities are organized and grouped along three departments: (1) capital markets, investments & financial products, (2) asset management and advisory, and (3) treasury operations. Treasury has been a large and significant player in the international financial markets for more than 70 years and has achieved a global reputation as a prudent and innovative borrower, investor and risk manager. Treasury is responsible for: (i) managing more than $185 billion in assets for the World Bank and other official-sector investors; (ii) leading the World Bank’s financing program in international and domestic bond and derivatives markets; (iii) conducting asset and liability management for IBRD and IDA’s balance sheets; (iv) overseeing the development and outreach related to the financing and hedging products that IBRD and IDA provide for their developing-country clients; and (v) collaborating with official sector institutions of member countries to help build their capacity in asset and public debt management.
Within Treasury, the capital markets, investments & financial products department (CMI) is responsible for managing annual funding programs for IBRD (approx. $40-50 billion) and IDA (approx. $5-10 billion) and building sustainable capital markets, managing liquid asset portfolios for IBRD and IDA, 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 places strong emphasis on 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.
Duties and Responsibilities The Financial Analyst will be a member of Investor Relations & Sustainable Finance team with roles and responsibilities outlined below: Data Management, Analysis, and Research
Collect, review, and organize information on IBRD and IDA for reporting to investors, including data and analysis required for impact reports and communicating with research firms and providers of environmental, social, and governance (ESG) data.
Research sustainable investor and ESG trends and provide related analytical data support for investor analysis and investor relations products (e.g., impact report, investor presentations, newsletters)
Research new and stay informed of updates to existing methodologies and practices of ESG research firms and data providers and related products such as ESG scores, sustainability indices, external review/second party opinion services, and data services related to sustainable finance regulation
Research, identify, and assess the direct and indirect impact of the growing body of sustainable finance regulation globally on capital market activities for IBRD and IDA
Provide analytical support to the funding and investment teams as needed
Other ad hoc analytical and research support for CMI colleagues
Communicate World Bank’s Funding and Development Activities
Draft responses to ESG questionnaires/queries from ESG data firms, World Bank bond investors, and management
Support the dialogue with ESG data firms, sustainability standards bodies, and others that are shaping the ESG/sustainable finance landscape (e.g., parties responsible for sustainable finance regulation, taxonomy, etc.)
Participate in communicating Treasury’s interests with ESG-focused counterparts at the World Bank through formal and informal dialogue and working groups
Create and update other investor communication materials, including financial, funding, project and ESG-relevant information for the website, presentations, newsletters, etc. for financial market audiences
Prepare briefing materials and support team in writing blogs, articles, and related materials
Participate in and support the team’s investor outreach activities
Master’s degree in development and/or finance or related field of study
Minimum of two years capital markets or development finance experience specifically in the space of sustainable finance/ESG investing
Solid foundation in quantitative skills including data analytics and experience handling large data sets, programming skills are a plus
Ability to work quickly across teams to meet tight deadlines
Ability to conduct research and analysis on difficult, but well-defined tasks; articulate issues and recommend solutions.
Ability to draft components of major reports, working papers, etc.
Ability to effectively provide professional support to senior staff.
Attention to detail and comfort in multitasking; ability to work independently and with teams; good oral and written skills with the ability to interpret and present data.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
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.
Link to the organization’s job posting: https://unjobs.org/vacancies/1671907615070