Financial Officer recruitment
CFRCF is responsible for designing robust financial policies and strategies to ensure that IBRD’s financial management is in line with the institutions objectives and risk tolerances.
These policies includes those related to loan pricing, income allocation, and capital management (including capital structure, capital allocation and strategic capital adequacy), as well as asset-liability management (ALM) policies that govern balance sheet management. In addition, the department monitors the institution’s overall financial soundness; identifying income and balance sheet variables and their vulnerabilities; assessing the income and capital impact of any strategic decisions or new programs/initiatives; monitoring the adequacy of income and capital to support lending and other development activities, including under key risk scenarios; and developing strategies for optimal use of capital as well as to address potential shortfalls in capital and income.
In support of these areas of responsibility, Corporate Finance is required to establish and maintain sufficient analytical infrastructure in the form of models, data, systems and expertise to ensure that income and balance sheet projections and scenarios as well as related analysis is sufficiently robust to support institutional policy-formulation and the Board’s decision-making process.
In addition, the department works on the outreach and communication necessary to gather political consensus around strategic and policy decisions.
Duties and Accountabilities
The department requires individuals who are able to advise and assist the department on various areas of financial policy and income/capital management.
The principle areas of the individual’s work program would cover a range of responsibilities and could include:
- Contribute to the ongoing assessment of IBRD’s capital and income adequacy to support lending and other development activities and developing proposals to safeguard the Bank’s financial strength while enabling effective utilization of its financial capacity in fulfilling its development mandate.
- Participate in evaluating the Bank’s major initiatives from a financial policy perspective and assessing the impact of these new initiatives on the Bank’s income and capital outlook.
- Contribute to the qualitative and quantitative analysis required for the updating of existing ALM policies, as well as development of new ALM policies, if any.
- Keep team informed of policy discussions in other units that are related to CFRCF work by attending meetings, taking notes, and identifying the links with CFRCF work program in order to ensure integrated strategy development with other areas of the Bank.
- Conduct research on macroeconomic and market factors that drive IBRD’s income outlook, as well as comparative studies on financial policies and practices in other Multilateral Development Institutions.
- Support CFRCF’s engagement with Senior Management and the Board, including preparation of policy notes, Board documents and PowerPoint presentations.
Selection Criteria
- Advanced degree in Finance, Business Administration or Economics;
- 5 years of professional experience expected;
- Strong conceptual thinking and problem-solving skills; attention to details while maintaining focus on the big picture;
- Understanding of Corporate finance theories and techniques. Prior experience in financial policy/strategy formulation will be desirable;
- Strong written and oral communications skills;
- Excellent PowerPoint skills and MS Excel skills;
- Strong interpersonal skills and a good team player.
Location: Washington, DC
For more detailed information and how to apply please click on the "Apply Online" button.
Closing Date: 13 March 2012