Do you want to build a career that is truly worthwhile? 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 and promoting shared prosperity. 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.
About the World Bank Group
Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. It is governed by 188-member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.
The WBG consists of five specialized institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID).
World Bank Group - International Development, Poverty, & Sustainability
With 189 member countries, the World Bank Group is a unique global partnership fighting poverty worldwide through sustainable solutions.
The Pension and Endowments Department (PEN) is responsible for the financial management and administration of the World Bank Group's funded benefit plans. Financial management includes asset management responsibilities and actuarial support. PEN manages about $40 billion US dollars invested across a range of asset classes, including fixed income, public equities, private equity, real assets, absolute return, and credit 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, through outside managers, globally.
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) pension plans financial statements, iii) pension investment performance and attribution, iv) asset class exposure monitoring, v) investment asset pricing and valuation, and vi) third-party clients’ reporting. The World Bank Group is committed to achieving diversity in terms of race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated in the strictest confidence.
Duties and Accountabilities: The candidate will have the opportunity to be involved with all aspects with respect to leading the effort in supporting the private market portfolio administration process including financial reporting, compliance, client relations, liquidity management, valuation, and reporting. The candidate will be frequently exposed to challenging topics and drive continuous improvement across all deliverables.
The primary responsibilities will include, but is not limited to, some combination of the following activities:
Support private fund operational matters inclusive of client reporting, valuations, cash flow monitoring, performance measurement, and fund administration valuation process with focus on in-depth review of valuation models and processes.
Helping with conversion of ad-hoc and regular front office reporting requirements into streamlined user driven dashboards and reports. Also support the private markets investment teams by understanding their unique requirements and translating those into client-specific reports and dashboard analytics.
Prepare various analyses and reports for review of senior team members to support senior management and investment teams in their business decision making.
Prepare analysis of various data (for example, underlying portfolio companies), back testing/ exit analysis and research literature to help support drive critical conclusions and insights for senior management to support their business decision-making.
Record private fund investments appropriately, when required to support the core team which is co-located in Chennai, to ensure compliance with industry best practices and the Plans' internal policies.
Prepare or support review of monthly, quarterly, and annual financial reporting and preparation of working papers for the private investment portfolio.
Support the annual financial statement preparation and audit process for the alternative investments fund’s portfolio by collaborating with internal teams.
Help implement efficiency measures for the fund investment portfolio through IT projects relating to data management and reporting automation.
Selection Criteria
Bachelor’s degree in accounting or finance with at least 3 years’ experience in middle office involved in performance reporting, due diligence and operations including alternative investments. Candidates with CFA/FRM/CAIA will have an advantage.
In addition to above, candidates possessing demonstrated quantitative and qualitative analytical skills, strong technical proficiency in Excel (including VBA and/or Office script) and programing languages such as Python/R; familiarity with Power Queries, Power Automate, interactive reporting (e.g. Power BI) will have an advantage.
Excellent interpersonal skills and ability to work collaboratively with internal and external stakeholders.
Detail oriented and high degree of intellectual curiosity and ability to share and democratize knowledge effectively. Proficiency in data analysis and research methodologies and understanding of valuation models and financial reporting.
Experience with supporting technological initiatives, IT projects and products related to investment operations and reporting.
High level of initiative, self-confidence, and a self-starter; ability to apply a practical matured approach to problem solving with minimum supervision.
Commitment to work in a respectful, team-oriented, and multi-cultural environment.
Willingness to travel for training and team projects, if required.
Highest ethical standards.
For more information on how to apply, please click: HERE
The World Bank is a vital source of financial and technical assistance to developing countries around the world. Our vision is to create a world without poverty on a livable planet.
We are not a bank in the common sense; we are made up of two unique development institutions owned by 189 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
Each institution plays a different but collaborative role in advancing the vision of inclusive and sustainable globalization. The IBRD aims to reduce poverty in middle-income and creditworthy poorer countries, while IDA focuses on the world's poorest countries.
Their work is complemented by that of the International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA) and the International Centre for the Settlement of Investment Disputes (ICSID).
Together, we provide low-interest loans, interest-free credits and grants to developing countries for a wide array of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture and environmental and natural resource management.
