E T Temporary

**E T Temporary**

**Job #**:

- req33327

**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)**:
**Closing Date**:

- 6/4/2025 (MM/DD/YYYY) at 11:59pm UTC

**Description**

The 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 Temporary 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.

**Duties and Responsibilities**:
The Extended-Term Temporary 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 proces