E T Consultant - Treasury Support Operations

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About the Organization

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.

Job Description/Responsibilities

The Consultant is a key team member who provides operational support for the IFC’s Treasury operations. This role requires frequent interaction with internal counterparts in CNT, the Treasury Middle Office, Internal Controls, and external auditors. 

• Perform trade verification and settlement activities for Treasury transactions, including but not limited to bonds, futures, options, swaps, repos, 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
• Build and sustain effective relationships with internal and external partners and clients, including market counterparts, custodians, agents, and banks
• Prepare and process a suite of SWIFT messages that support Treasury transactions
• Perform transaction analysis and propose system updates for operations and reconciliation activities
• Investigate and close out all unresolved settlement discrepancies
• Participate in testing and implementation of new/enhanced systems and processes
• Ensure documentation of and compliance with all business processes in the unit
• Act as a backup in the absence of other Treasury Support Unit staff, as and when required
• Report, investigate, and close out all unapplied funds in collaboration with IFC business units and correspondent banks
• Perform overdraft reporting and bank charges analyses
• Review all incoming SWIFT inquiries and take appropriate actions; respond to all inquiries promptly and professionally
• Working knowledge of cash application and Quantum application is a plus

Education Qualification/Required Skills & Experience

• Bachelor’s Degree, preferably majoring in business administration, accounting, finance, or international trade finance
• Accounting Certification such as CA or CPA would be a plus
• Minimum 2 to 4 years of relevant experience in related fields with a public/private financial institution  
• In-depth knowledge of treasury, back-office processes, controls, and reporting
• In-depth knowledge of trade verification, ISDA documentation, and settlement of treasury products
• Good knowledge of fixed income and OTC derivative instruments related to capital market and investment operations
• Good working knowledge of Summit application or other Treasury transaction systems, Markitwire, SWIFT, and other settlement systems
• Ability to contribute to team performance with strong interpersonal and communication skills
• Highly disciplined and team-oriented individual with strong analytical and problem-solving skills
• A positive and self-starter attitude (motivation, drive, initiative) and ability to work in a team-oriented, multi-cultural environment
• Fluency in written and spoken English is required

For more information please check the Link

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