• Job Description

  Req#: req31707

  IT Officer, Business Solutions II

  Job #:	req31707
  Organization:	World Bank
  Sector:	Information Technology
  Grade:	GF
  Term Duration:	2 years 0 months
  Recruitment Type:	Local Recruitment
  Location:	Washington, DC,United States
  Required Language(s):	English
  Preferred Language(s):
  Closing Date:	2/21/2025 (MM/DD/YYYY) at 11:59pm UTC

  Description

  Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. 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, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 130 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

  ITS Vice Presidency Context:

  The Information and Technology Solutions (ITS) Vice Presidential Unit (VPU) enables the World Bank Group to achieve its mission of ending extreme poverty and boost shared prosperity on a livable planet by delivering transformative information and technologies to its staff working in over 150+ locations. For more information on ITS, see this video:https://www.youtube.com/watch?reload=9&v=VTFGffa1Y7w

  Background

  Finance Complex ITS (ITSFI) is responsible for providing high quality, streamlined information and technology solutions for the Bank Group’s Financial services, which include Corporate Finance, Risk Management, Controls, Treasury, Loans, Accounting, and Concessional finance (managing donor contributions from inception to the point of final disbursement, including IDA, Financial Intermediary Funds and Trust Funds). ITSFI is additionally responsible for building on a shared platform that provides scale, leverage, reliability, and control and improves responsiveness to emerging business needs.

  
  

  The Finance Complex Financial Technology unit supporting Treasury Systems (ITSTR) provides highly specialized technology services to all business lines within Treasury. The World Bank Treasury (Treasury) provides asset management, banking and debt management, and capital markets services to the International Bank for Reconstruction and Development (IBRD) and its affiliates and member countries, and to other official-sector institutions. Treasury also carries out extensive collaborations with finance officials of member countries and their agencies with the objective of building members’ capacity in public wealth and debt management. The scale of these activities is substantial: Treasury currently manages an annual funding program of US$60 to 70 billion through debt issuances of IBRD and IDA. Treasury leads a global team of capital markets professionals in the prudent management of US$200 billion debt portfolio; US$170 billion asset portfolio being managed for the World Bank Group and over 70 clients.

  
  

  The group comprises approximately 70 staff and consultants, located at World Bank headquarters in Washington, D.C. and at offices in Chennai, India and Sofia, Bulgaria. ITSTR supports financial applications and technology infrastructure in areas including investment, liquidity, funding, and asset-liability management.

  
  

  Using existing staff as benchmark, it has been observed that the level of maturity required for this type of work (IT Officer, Business Solutions II) is more frequently found in candidates having a minimum 15 years of relevant experience. However, the quality of the candidate’s work experience carries considerable weight in the selection process.

  
  

  Duties and Responsibilities

  
  

  •Demonstrate technical leadership in contributing to the implementation, maintenance, and operation of business-critical financial applications supporting the World Bank’s Treasury and Capital Markets lines of business. This includes applications that perform trade capture, settlement, accounting, valuation, quantitative analysis, market data capture, curve construction, call monitoring, SWIFT messaging, collateral management, reporting, etc.

  •Apply technical and business knowledge to architect and implement solutions.

  •Effectively document and communicate technical analyses, designs, and specifications.

  •Assist with the development of test plans.

  •Coordinate with vendors and consultants, overseeing their deliverables to ensure that they satisfy requirements and meet World Bank standards.

  •Coordinate with project team members (BA’s, PM’s, Tech Leads, Developers, etc.)

  •Uphold compliance with established processes and controls for Application Development and Maintenance.

  •Work with Enterprise Architects to ensure compliance with standards.

  •Work with the Information Security Team to satisfy its requirements/recommendations and support related security testing.

  Business Domain Knowledge

  •Treasury & Capital Markets (Fixed-Income)

  •Trade Lifecycle / Trade Capture / Trade Events

  •Plain Vanilla & Structured Instruments (Bonds & Swaps with Complex Payouts/Optionality)

  •Valuation and Analytics for Interest Rate and FX products

  •VAR / PFE / xVA

  •Market Data / Curve construction / Vols Surfaces

  •Reporting & Downstream DataMart

  •Front & Back Office Business Processes

  
  

  Technical Knowledge

  •Operating Systems

  • RHEL
  • Windows

  •Web Servers/Technology

  • JMS / REST

  •Databases

  • Oracle

  •Languages/Data Formats

  • C++
  • SQL
  • Python
  • XML/XSLT
  • JSON
  • Shell Scripting

  •Version Control

  • Subversion
  • Git

  •Issue Tracking/SDLC Support

  • Azure DevOps
  • JIRA

  •ETL

  • Talend

  
  

  Application-Specific Knowledge

  •Murex MX.3

  •Numerix OneView

  •Finastra Summit

  Methodologies

  •Agile

  •Waterfall

  Selection Criteria

  •Master’s degree, majoring in Computer Science/Information Systems/Mathematics, with a minimum of 15 years relevant experience using current technologies.

  •Excellent communication (oral & written) and collaborative skills.

  •Ability to independently manage large, complex deliverables in an environment of shifting priorities.

  •Willingness to challenge assumptions and debate ideas.

  •Proven conceptual and analytical skills.

  •Sound engineering judgment about the differing tradeoffs of competing approaches to technical problems.

  •Knowledge of the institution’s technical and operational infrastructure, relevant institutional policies and procedures; ability to effectively liaise with stakeholders on policy and technical issues.

  •Knowledge of portfolio management systems: analytics and financial valuation of complex structured transactions.

  •Demonstrated experience with Linux, Windows, shell scripting, Oracle (SQL), Java, C/C++, Python.

  •Experience in documenting and managing issues and actions for development projects and support activities.

  •Ability to provide creative, effective ways of overcoming project management and execution challenges.

  •Capacity to work both independently and in a team; and a willingness to seek advice and assistance.

  •Superior writing skills in English.

  •Knowledge of software models used in business applications, trade management systems, development tools, and middleware, each of which has a lifecycle to be managed.

  •Demonstrated interest in and understanding of the Bank Group’s work and objectives. (External candidates should be familiar with the mission and objectives of the World Bank Group.)

  World Bank Group Core Competencies

  The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

  We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

  Learn more about working at the World Bank and IFC , including our values and inspiring stories.

• About the company

  The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

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