E T Consultant
World Bank (World Bank)
Location: Chennai (India)
Grade: EC1
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Added 1 month ago
Closed on 26 Feb 2020
Job Description

Description

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 Pension and Endowments Department (PEN) is responsible for the financial management and administration of the World Bank Group's funded 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 financial management includes asset management responsibilities and actuarial support. PEN manages about $30 billion US dollars invested across a range of asset classes, from fixed income to public equities to private equity, real assets and absolute return strategies. The Pension Finance Committee, appointed by the Bank Group President and chaired by the Chief Financial Officer, has oversight responsibility for the financial management of the plans. PEN’s responsibilities also include the delivery of technical assistance on multi- asset class investment management to pension plans, endowments and funds for the future, and the management of the Pension Administration function. PEN identifies, selects, evaluates, and monitors investments, mainly through outside managers, on a global basis.

The Pension Middle Office team (PENMO) under PEN is responsible for providing a full range of functions supporting these investment activities, including the following: i) pension plan operational activities, ii) preparation of pension plans financial statements, iii) pension investment performance and attribution, iv) monitoring asset class exposures, v) all investment asset pricing and valuation, and vi) third-party clients’ reporting.

Duties and Accountabilities:

The candidate will be responsible for, but not limited to, the following:

• Support the automation initiative to enhance reporting to the Investment teams in the various asset classes using macro and visualization tools like Power BI.

• Assist with streamlining, structuring and creating a golden copy of data in Oracle database leveraging various sources – custodian records, internal database, Investran, Burgiss etc.

• Assist with coding in Python to leverage the database to support Investment teams with analytics and ongoing Plan level and asset class specific reporting.

• Use specialist knowledge to institute best practices in designing database, Python coding and leveraging advanced features of Power BI;

• Support streamlining of spreadsheets used for regular key deliverables using macros and other advanced Microsoft XL features.

• Help train team members to support ongoing maintenance and updates of the database and Python codes to accommodate changing business requirements.

• Assist in a variety of tasks in the team;

• Communicate effectively with team members in Chennai and in Washington, D.C. headquarters on status of all assigned activities.

Selection Criteria

• Candidates should have quantitative strengths, attention to detail and be fungible enough to contribute to the performance initiatives including the ability to find ways to do things better and/or find solutions to problems.

• Bachelor’s degree or equivalent in IT, finance, accounting economics, or a general business-related field with minimum 5 years of related experience

• Finance professional with experience is managing database, coding and algorithms in python, build analytics using data visualization to identify risks.

• Experience with Power BI, Power Queries, proficiency in Excel macros and/ or programing expert who works in a transparent way, and with the ability to train department users.

• Proven capacity to multitask, deliver results and respond quickly and effectively to requests. Ability to work under pressure and great attention to details;

• Excellent verbal and written communication skills and excellent interpersonal communication and presentation skills, including the capacity to communicate and discuss complex technical reporting issues in simple terms both verbally and in writing.

• Having the highest ethical standards.

Competencies:

• Financial Market Literacy – Can understand financial market processes; reads and analyzes financial reports and data such as holdings, valuation, performance, attribution, compliance, account reconciliations, position, margin, and settlement and risk reports.

• Process and Infrastructure Development – Makes recommendations to improve efficiency of the performance, accounting, business risk or operations process.

• Lead and Innovate – Contributes new insights to understand situations and develops solutions to resolve complex problems. Adapts as circumstances require and manages impact of own behavior on others in context of WBG's values and mission. Identifies and pursues innovative approaches to resolve issues.

• Deliver Results for Clients – Adds value by constantly looking for a better way to get more impactful results; sets challenging stretch goals for oneself. Immerses oneself in client experiences and perspective by asking probing questions to understand unmet needs. Demonstrates accountability for achieving results that have a development impact and financial, environmental and social sustainability. Identifies and proposes solutions to mitigate and manage risks.

• Collaborate Within Teams and Across Boundaries – Appropriately involves others in decision making and communicates with key stakeholders. Approaches conflicts as common problems to be solved. Actively seeks and considers diverse ideas and approaches displaying a sense of mutuality and respect. Integrates WBG perspective into work.

• Create, Apply and Share Knowledge – Leverages department's expertise and body of knowledge across WBG to strengthen internal and/or external client solutions. Seeks to learn from more experienced staff to deepen or strengthen their professional knowledge and helps others to learn. Builds personal and professional networks inside and outside the department unit.

• Make Smart Decisions – Seeks diversity of information and inputs, researches possible solutions, and generates recommended options. Identifies and understands risks and proposes recommendations. Based on risk analysis makes decisions in a timely manner within own area of responsibility, considering the interests and concerns of stakeholders.

• Accounting Literacy would be an advantage but would not be required – Demonstrates wide knowledge of GAAP/IFRS and basic knowledge of special accounting areas.

Note: The selected candidate will be offered a one-year appointment, renewable for an additional one year, at the discretion of the World Bank Group, and subject to a lifetime maximum ET Appointment of two 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 second-year ET appointment are not eligible for future ET appointments.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.

About World Bank

With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.

World Bank's mission is to end extreme poverty by reducing the share of the global population that lives in extreme poverty to 3 percent by 2030, and to promote shared prosperity by increasing the incomes of the poorest 40 percent of people in every country.