E T Temporary

E T Temporary Job req31189 Organization World Bank Sector Finance Accounting Grade ET4 Term Duration 1 year 0 months Recruitment Type Local Recruitment Location Chennai India Required Language s ENGLISH Preferred Language s ENGLISH Closing Date 1 31 2025 MM DD YYYY at 11 59pm UTCDescriptionDo 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 orgThe World Bank Group Finance Accounting WFA Vice Presidential Unit is responsible for all aspects of the financial reporting and internal control framework for the International Bank for Reconstruction and Development IBRD the International Development Association IDA and the extensive Trust Fund Partnership portfolio of these entities WFA also leads the client shared service function for the WBG corporate expenses and WBG trust funds ensures fiduciary responsibility for all disbursements related to Bank operations Located within the WBG Corporate Accounting Reporting Department WFACA the Structured Finance Division WFASF is responsible for product control functions for financial instruments including borrowings derivatives and investments for IBRD IDA MIGA and Trust Funds except for pension funds These include financial instrument product aligned accounting determination of the lending rate of the Bank producing valuation for the IBRD IDA bonds derivatives and loans set-up of financial models and valuation review market data sourcing and verification implementing accounting policies around financial instruments independent price verification for investments financial instrument related data management and providing disclosure information for financial statements exercising internal controls to ensure accuracy of accounting ledgers and financial statements regarding these financial instruments In addition WFASF team is involved in a host of critical institutional projects and initiatives that seek to enhance WB s ability to capture and integrate data from different sources into accounting valuation and reporting systems and ultimately enable analysis that serves financial and or management reporting needs The current position is that of Extended-Term Consultant within the borrowings accounting group in Chennai WFASC which is an extension of the WFASF team in HQ The incumbent will be supervised by the Financial Officer in WFASC Chennai Terms of reference The Extended-Term Consultant will work as part of a team of professionals to meet the unit s responsibilities as they relate to the accounting and pricing valuation of financial instruments and implementation of various institutional projects Responsibilities will include the following - Verify trade set up and trade modifications Ensure the accuracy and appropriateness of accounting entries and perform daily weekly monthly control activities for the Capital Markets portfolios This includes but is not limited to maintaining the ledgers and identifying investigating and resolving system-to-system reconciliation and accounting flow breaks Monitor and analyze accounting results as they relate to the Capital Markets portfolios to ensure they are consistent with expectations and business objectives or deviations if any are justified and adequately documented Review for quality assurance of market data evaluate data sources and verify the data for reliability Develop expectations perform analysis prepare and present sign-off commentaries suggest and implement solutions in a pro-active manner Prepare various financial and management reports as required by the department or other stakeholders Support institutional projects business initiatives and new product implementations as and when required This would include performing requirement gathering and documentation design review and analysis user acceptance testing implementation and maintenance of systems supporting various portfolios Collaborate with business and information technology teams across locations to address system issues and implement solutions promptly Assist in coordination with or responding to requests from external and internal auditors Provide services to clients within and outside the Bank by providing financial information and assistance as needed Proactively interact with Treasury TRE and other business units as required to stay abreast of new proposed activities that may have accounting valuation or reporting implications Stay abreast of accounting pronouncements and industry best practices as they relate to accounting pricing of financial instruments Identifying opportunities for improvements in current processes initiating improvements within the system and control framework working with business and technology teams across locations to implement solutions improvements Be responsible for promoting controls and ensuring compliance in WFA Maintain and develop processes procedures documentation and internal controls around portfolios handled with the objective of increasing efficiency and accuracy Selection CriteriaEducation and Experience Bachelor s degree s in Accounting Finance and or Economics and a minimum of 1-2 years relevant experience or equivalent combination of education and experience CA CPA ACCA CGMA and or FRM CFA Master s degree s in Accounting Finance and or Economics may be considered in lieu of CPA CA ACCA CGMA and or FRM CFA Professional experience in finance and accounting areas with a public private financial institution including IFC IBRD or the finance treasury function of a public private corporation Core Technical Knowledge Good knowledge of treasury products financial instruments i e capital and money market instruments - particularly fixed income instruments and their accounting and reporting Good knowledge of Murex Summit or other front-to-back treasury systems integrated financial systems such as SAP SAP BI BO reporting tools would be a distinct advantage Good understanding of market data requirements for capital investment market transactions and knowledge of Bloomberg Reuters Proven quantitative and qualitative analytical skills including excellent spreadsheet and skills Familiarity with financial modeling techniques programming languages e g Python writing macros will be a plus Experience in supporting implementation of system applications tools - preparing specifications design analysis testing etc Ability to contribute to team performance with strong interpersonal and communication skills A positive and self-starter attitude motivation drive initiative and ability to work in a team-oriented and multi-cultural environment Capacity to deliver results and respond quickly and effectively to requests Ability and desire to meet tight deadlines Flexibility to perform a variety of tasks and expand the scope of work and responsibilities committed to achieving individual and team results Excellent verbal and written communication and presentation skill Highest ethical standards Competencies Client understanding and advising - Looks at issues from the client s perspective and takes action beyond normal expectations to ensure client satisfaction Analyzes situations and determines alternative or creative scenarios and approaches to add value to the business in new and different ways Broad business thinking - Keeps informed on business operations Inquires about the relationship of delivered support services to the business as it pertains to assigned area of responsibility and related projects Project management - Sets personal objectives and goals and manages use of own time Works towards accomplishing objectives Learns from mistakes and adjusts goals and courses of action to meet changing needs Sets priorities for his her work to stay on top of the workload and tackle the most important issues first Considers work project timelines and the time it takes to get things done Analytical thinking - Gathers and links data Reviews for non-conformity and gathers further information in response to problems Collates and reports information Identifies direct cause-and effect relationships Identifies trends and exceptions Investigates to define problems more accurately Assembles ideas issues and observations into a clear and useful explanation Is prepared to look beyond the data for solutions Policies and procedure - Demonstrates knowledge of the most used policies and procedures and applies them Can exercise independent judgement regarding relevant policies and procedures Risks and controls - Demonstrates understanding of key risks and internal control procedures in related processes Ability to identify key risks and mitigating control steps in own functional areas Perform internal control procedures in compliance with the overall risk and control framework Takes proactive measures to know the internal control procedures Information technology and systems - Exhibits working knowledge of key information technology and main systems in own function areas Effectively utilize such technologies and systems to successfully carry out work program Communication - Utilizes appropriate tools and techniques to explain technical information in plain language Presents information in a logical and organized manner both in speech and in writing Writes effective correspondence prepares questions and reports statements of circumstance and briefing notes 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 and 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