Senior Financial Officer recruitment
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 ALM policies that govern balance sheet management (such as for pool management, currency composition of equity, and managing the interest rate sensitivity of allocable income). 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 Senior Financial Officer’s work program includes:
- Contribute to IBRD’s medium-term income and balance sheet projections; utilize projection output and financial analysis to monitor the institution’s income dynamics and financial outlook.
- Assess IBRD’s capital and income adequacy to support lending and other development activities and develop 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 Corporate Finance’s review/updating of the Bank’s existing financial policies and the development of new financial policies to meet evolving financial and ALM management needs.
- Support CFRCF’s engagement with Senior Management and the Board, including preparation of policy notes, Board documents and PowerPoint presentations.
- Respond to corporate and external demands which are directed to CFRCF.
- Guide and coach junior staff.
Selection Criteria
- Advanced degree in Finance, Business Administration or Economics. A professional finance qualification (e.g. CFA) will be a plus.
- 6 to 8 years of professional experience expected.
- Good understanding of Corporate finance theories and techniques. Prior experience in financial policy/strategy formulation will be desirable.
- Strong conceptual thinking skills; attention to details while maintaining focus on the big picture.
- Strong analytical skills; ability to quickly build ad-hoc financial models in Excel to analyze financial issues or assess options.
- Developed written and verbal communication and presentation skills.
- Strong interpersonal skills and ability to build strong working relationships with colleagues across units. Good team player.
- High degree of tact, judgment, and sensitivity in handling confidential information.
- Excellent MS Powerpoint, Excel and Word skills.
- Experience in guiding junior staff.
Location: Washington, DC
For more detailed information and how to apply please click on the "Apply Online" button.
Closing Date: 13 March 2012