Associate Product Owner
| Job #: | req38338 |
| Organization: | World Bank Group |
| Sector: | Information Technology |
| Grade: | GF |
| Term Duration: | Open-Ended Staff (OPEN-OP) |
| Recruitment Type: | Local Recruitment |
| Location: | Washington, DC,United States |
| Required Language(s): | English |
| Preferred Language(s): | |
| Closing Date: | 9/30/2026 (MM/DD/YYYY) at 11:59pm UTC |
Description
At the World Bank, a member of the World Bank Group (WBG), you’ll join a diverse, global community working across cultures, disciplines, and borders to address the world’s most pressing development challenges. With 1.2 billion young people reaching working age in the decade ahead, the challenge of job creation has never been greater. Through partnerships across 145 countries and more than 182 offices worldwide, we work with governments, private sector, development partners and other stakeholders to invest in people, strengthen markets, and deliver scalable, data-driven solutions that generate more and better jobs and improve lives. For more information, visit https://www.worldbank.org/en/who-we-are/ibrd
ITS Vice Presidency Context
The Information and Technology Solutions (ITS) Vice Presidential Unit (VPU) enables the World Bank Group to achieve its mission of ending extreme poverty and boost shared prosperity on a livable planet by delivering transformative information and technologies to its staff working in over 150+ locations. For more information on ITS, see this video: https://www.youtube.com/watch?reload=9&v=VTFGffa1Y7w
Unit Background & Context:
The ITS Risk Management and Analytics (ITSRA) unit enables key WBG Risk functions managed by the Risk vice-presidencies and their corporate partners such as measure and monitor credit risk, market risk, operational risk, and liquidity risk to safeguard WBG institutions’ AAA rating and reputation. The unit also engages with Treasury, WFA, and DFI to ensure proper capture, valuation, and support analytics around financial instruments and counterparties, and the risks they carry.
Role Purpose:
ITSRA is seeking an experienced, motivated and ambitious Business Analyst with extensive experience in Capital Markets domains with primary focus in the areas of Issuances, Valuation, Settlement and Accounting as well as knowledge of external ratings of securities and financial counterparts.
Core responsibilities include (i) understand business needs as it relates to counter party credit risk management, Limits management and Compliance functions; (ii) minimize gaps, redundancies, rework, and duplication of effort by coordinating new requirements with Business Sponsors and project governance bodies, (iii) ensure that the product based solutions are executed under ITS’s strategic guidelines (technology standards, development methodology, outsourcing/offshoring… etc.), (iv) gain an in-depth understanding of the business and its underlying processes and data and provide technical leadership to the application support team post product launch (v) document business requirements in bank standard tools/templates ensuring the requirements meet quality standards, (vi) analyze requirements and various scenarios associated with each requirement, and (vii) prepare test cases, perform systems integration testing, document test results, regression testing, and assist users with User Acceptance testing.
Job Family: Information and Technology Solutions
Sub Family: Product and Portfolio Management
Commits to delivering products that maximize business value through the management of product design, innovation, and lifecycle in accordance with Agile processes. Collaborates with stakeholders to identify opportunities, shape demand, and ensure that technology portfolio aligns with organizational objectives.
Area of focus: Product and Portfolio Management
Collaborates closely with business stakeholders to identify and shape demand, strategize on opportunities, and drive the development and delivery of IT products. Oversees the entire product lifecycle to ensure services align with the organization’s strategic objectives and deliver maximum business value.
Role Scope and Distinction:
Experienced professional
- Performs professional-level research and analyses in the field of specialization.
- Proposes solutions to moderately complex problems in the field of specialization.
- Seeks common ground and negotiates issues with internal and/or external clients to recommend for higher-level approval.
- Provides knowledge-based guidance to more junior staff within the job area.
- Requires practical application of professional knowledge at a broad-based level to complete difficult assignments.
Key Responsibilities:
- Act as Business Analyst for Capital Markets line of business within Treasury. Specifically, this includes Counterparty credit risk management, Limits management, Compliance, valuations of issuances/buybacks/derivatives, trade life cycle as well as applications associated with these capabilities.
- Build stakeholder consensus and ensure everyone is on the same page, in agreement, and can visualize the solution being proposed
- Develop business cases, requirements, use cases, test plans, test strategies, test cases, and operational procedures and plans.
- Coordinate with fiduciary reviewers like Enterprise Architects, OIS by providing them the information using their artifacts and support related security testing.
- Participate in the procurement of COTS solution where necessary including preparation of Request for Proposals (RFP), cost estimates, benefits realization summary, inputs for procurement committee, and IT Governance.
- Ability to effectively prioritize requirements and maintain scope on a tight leash
- Document business processes and workflows
- Collaborate with Project Managers, Tech Leads, Solution Architects, Developers etc to determine if solutions currently exist (internally or externally) or whether new solutions are feasible to meet business requirements and meet project milestones and timelines.
- Leverage rapid prototyping approaches to present as-is/to-be processes/workflows and rough designs of the proposed solution
- Provide overall support to ensure the successful design, testing, and implementation of applications that support the business unit, Also, provide support in developing training materials and conducting training
- Maintain a comprehensive chronological trail of requirements and agreements and actively contribute to the project change control process. Document and manage issues and actions
- Participate in the evaluation of new products or initiatives to determine the technology support required
- Evaluate applications and IT environments, and analyze gaps between current and desired states
- Propose recommendations based on industry best practices
- Coordinate with vendors and oversee their deliverables. (This includes reviewing proposed solutions and delivered code.)
- Train business users on applications.
- Uphold established processes and quality standards with respect to Business Analysis.
- In a post-production environment troubleshoot systems and provide solutions to the business as well as the technical teams.
Selection Criteria
Education and Experience:
Requires a Master’s degree with 5 years of experience or a Bachelor’s Degree with a minimum of 7 years of relevant experience in Treasury/capital markets domain, or equivalent combination of education and experience.
Core Domain Knowledge
- Solid understanding of Counterparty Credit Risk function
- Practical working experience in Treasury and Capital Markets domain
- Working knowledge of Credit limits management and compliance function
- Understanding of Trade workflow and front and back office business processes
- Substantial experience in the Risk Management domain within a globally distributed enterprise
- Demonstrated experience working as a Business Analyst, ideally in complex financial or technical environments
Technical / Product Skills
Advanced proficiency in:
- Stakeholder engagement
- Product backlog management
- Data driven decision making
- Product roadmaps
- Product requirements analysis
- Product development lifecycle
Skilled proficiency in:
- Market research
- Value proposition development
- Sprint planning
Business and Delivery Skills
Advanced proficiency in:
• Business acumen
Skilled proficiency in:
- Agile methodologies (Scrum and Kanban)
- Influencing others
- Scaled Agile Framework (SAFe)
- Strategic communication
Communication and Stakeholder Engagement
• Excellent verbal and written communication skills
Proven ability to:
- Present agreed concepts clearly to senior audiences
- Ensure business architecture definitions are well articulated, documented, and formally signed off
- Clearly identify, communicate, and mitigate assumptions and dependencies
Collaboration and Leadership
- Strong teamwork, negotiation, and consensus building skills
- Ability to work effectively in a multinational, multicultural environment
- Demonstrated commitment to inclusion and respect for diversity
- Experience developing or mentoring staff to support career development and succession planning
Personal Effectiveness
- Highest standards of personal and professional integrity
- Ability to build and sustain strong collegial working relationships
- Comfortable engaging others assertively, responsibly, and supportively
- Strong conceptual, analytical, and judgment skills
- Excellent personal organization skills, with a demonstrated ability to drive work to closure
Technical Skills
- Advanced proficiency in MS Excel and SQL (required)
- Knowledge of Capital Markets trading systems (such as Murex or Summit)
Preferred Certifications:
- CFA/FRM candidate or charterholder
- SAFe Product Owner/Product Manager
As the World Bank Group continues to evolve, we value candidates who:
- Demonstrate the ability to collaborate effectively across teams, disciplines, cultures, and institutional boundaries.
- Responsibly leverage digital and AI-enabled tools to enhance productivity, learning, and decision-making.
- Bring experience working in fragile, conflict-affected, and violent (FCV) contexts and are encouraged to highlight relevant experience in their application materials, where applicable.
WBG Culture Attributes:
1. Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
2. Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
3. Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.
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.
This position is no longer open.
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