E T Consultant - Treasury Transactions

at  World Bank Group

DESCRIPTION

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.
The IFC’s Controllers Department is responsible for effectively and efficiently managing IFC’s Financial Operations (loan, equity and short-term finance operations, and back-office treasury support operations), Financial Reporting (including reporting and analysis, portfolio review, investment accounting and accounting policy), Internal Controls, and Financial Systems, Integration and Projects. The Department comprises approximately 125 diverse and highly skilled staff, based in Washington DC, and Chennai.
The Treasury Support Operations Division (CNTTR) within IFC Controller’s provides back-office and accounting services for all IFC Treasury activities. CNTTR also provides operational support in the development of IFC Treasury’s new business initiatives and products. The CNTTR team is in Washington DC (HQ) and Chennai (India) and delivers its work program on a cross support basis. The team providing cross support interacts with colleagues in Washington on a day–to–day basis and ensures that the support operations are successfully delivered.
IFC Treasury Support Operations unit in Washington DC (CNTTR) is seeking a Consultant (ETC) to support confirmations and processing of Treasury transactions, including bonds, derivatives, etc. The position requires thorough knowledge of treasury products, and particularly ISDA derivatives trade confirmation, as well as proficiency in handling multiple systems, including Summit (the front-to-back treasury system), Quantum, the cash processing system, etc. The Consultant will be required to work with various team functions and become a fully functional team member within a short timeframe. The position requires the ability to establish productive relationships with staff at all levels within the team and across various units of IFC.

The Consultant will work as part of a team of professionals to meet the group’s responsibilities as they relate to delivery of back-office and accounting functions for all IFC Treasury activities. Responsibilities will include the following:

• Perform trade verification and settlement activities for Treasury transactions, including but not limited to bonds, futures, options, swaps, money-market, and other cash instruments.
• Carry out processing and validation activities for ISDA contracts for OTC derivatives.
• Perform trade servicing activities, including flow analysis, validation and processing, reconciliation and troubleshooting of the settlements. This task involves interfacing with market counterparts, custodians, banks, and internal partners as needed.
• Investigate and close out all unresolved settlement discrepancies.
• Prepare and process a suite of SWIFT messages that support Treasury transactions.
• Perform transaction analysis and propose system updates for operations and reconciliation activities.
• Build and sustain effective relationships with internal and external partners and clients, including market counterparts, custodians, agents, and banks.
• Communicate effectively with IFC Treasury Support Staff and management both in Chennai and in Washington, D.C. (HQ) on the status of all assigned activities.
• Act as back-up in the absence of other Treasury Support Unit staff, as and when required.