Financial Analyst at The World Bank - Chennai,

Financial Analyst
The World Bank - Chennai, Tamil Nadu
The Non-structured Financial Instruments unit (CTRNC) is part of the WBG Financial Operations Department in the Controller’s Vice Presidency and is co-located in Washington, DC (CTRNF) and Chennai, India (CTRNC). The division is responsible for ensuring that all non-structured (plain vanilla) financial Instruments transacted are completely and accurately recorded in the books and records of IBRD, IDA and Trust Funds in accordance with applicable accounting and market standards using efficient and cost effective frameworks. The division is also responsible for providing debt service/management services to clients. With responsibilities throughout the life cycle of these financial instruments, the division interacts daily with a variety of stake holders and clients on a wide range of issues including product structures, valuations, market data, repayments, prepayments, conversions (interest rate and currency) and providing assistance on future obligations. The division works closely with many internal finance groups and is at the forefront of policy changes, new structure initiations, concessional finance initiatives and customized solutions. As the custodian of all financial information, the division plays a lead role in all related system enhancements. Evaluating new terms and structures while always striving to strengthen our information and controls provide an interesting work mix and career opportunities. One of the growth areas in the Department is the loan client services. With the worldwide spread of clients and a wide range of market based products, the potential of value delivery is immense. While the initial duration of the appointment is 2 years, the same could be extended / modified depending on the changes and evolution of the work program of the division. Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 2 year term appointment.

Duties and Accountabilities:

The Financial Analyst’s primary responsibilities will include, but not limited to, a combination of some of the following activities:
• Analytical review and information support:
• A periodic review of the financial results of the loan and borrowings portfolio to identify trends and significant changes so as to assess the reasonableness of account balances leading to a sign off on the data/information.
• Develop expectations, perform analysis, prepare commentaries and suggest and implement solutions in a pro-active manner.
• Respond to questions/requests on loan and borrowings information from period activity or financial reporting requirements.
• Assuring the accuracy, appropriateness, completeness and control of information:
• Review new trade set up to ensure that the financial terms and other information are accurately captured.
• Monitor and control settlements.
• Review monthly reports on the portfolio and assess the income statement effects.
• Monitor, review and process existing debt relief initiatives and also assist in structuring new initiatives.
• Periodically review various reconciliation reports to validate that all business activity has been properly recorded and verified for use in the Bank's financial statements.
• Assist in the preparation of monthly performance metrics report and focus on enhancing the level of information included to give an improved view of the control environment and the work program efficiencies.
• Identify opportunities for improvements in current processes, initiate improvements within the system and control framework; work with business and technology teams across locations to implement solutions / improvements.
• Assisting in the specification, testing, implementation and maintenance of systems supporting loan and capital market products.
• Provide support, as necessary, to country and regional operations teams to ensure the smooth operation of the country loan portfolios. Provide inputs for developing and delivering learning programs for Bank staff and clients on the Bank’s loan products and policies.
• Review and validate inputs related to interest rates, spreads, prepayment premiums, swaps and related conversions, interest and currency hedges, received from other departments and ensure that the same are accurately captured in the loan systems. In this responsibility the candidate will need to develop a close working relationship with all stakeholders. A good knowledge of loan and capital market instruments is desirable in this context.
• Support the valuation work program in Chennai to meet the Department’s responsibilities as they relate to the independent price verification of financial instruments, analysis of the valuation results and evaluation valuation related risk and controls associated with introduction of new products.
Selection Criteria:

The candidate should meet the following criteria:
• Chartered accountant or a post graduate degree in finance. An internationally recognized professional qualification such as a CPA, CFA would be a plus.
• Three or more years of experience with a Bank, a major financial institution or a public accounting firm. Strong knowledge of financial instruments including capital market instruments.
• Previous experience in accounting for financial instruments in the financial services industry will be highly desirable.
• Sound experience with integrated financial systems. Experience in the use of SAP, Summit is a plus.
• Strong quantitative and analytical skills, including excellent excel spreadsheet skills and familiarity with financial modeling techniques will be a plus
• Excellent written and oral communication and presentation skills.
• Should have a strong commitment to knowledge-sharing within a multicultural environment and the capacity to work simultaneously and effectively on a variety of tasks.
• Ability to develop knowledge / skill in technical work areas related to financial modelling and valuation. Required Competencies
• Project Management - Understands the basic concepts of project management, as they relate to the execution of tasks within a project
• Business Processes & Systems - Has basic understanding of business processes and systems (including accounting systems) to recommend and help implement process improvements.
• Fundamental Controllership Knowledge - Has a basic understanding of general accounting principles, risks and controls, financial concepts and financial transaction processes.
• Accounting Policy - Understands accounting principles and, under guidance of senior staff, is able to apply accounting principles to appropriately record transactions.
• Corporate Finance - Has a basic understanding of corporate finance concepts and financial instruments as demonstrated by ability to perform basic analyses to assess the impact of market forces on portfolios of financial instruments.
• Transaction Processing - Has substantial work experience with using automated systems to process transactions.

• Financial Products - Has a basic understanding of the range of available financial instruments (e.g., IBRD loans, IDA credits and grants, and trust funds).
• Product Valuation and Modeling - Applies market knowledge of derivatives from a valuation (modeling), risk management or trading perspective towards world bank products.
• Lead and Innovate - Brings new and different insights.
• Deliver Results for Clients - Contributes to delivery of results for clients on complex issues.
• Collaborate Within Teams and Across Boundaries - Collaborates within team and across boundaries.
• Create, Apply and Share Knowledge - Actively contributes to and readily applies WBG’s body of knowledge for internal and/or external client solutions.
• Make Smart Decisions - Leverages available data and makes timely decisions.

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