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World Bank recruiting Treasury Operations Director


Washington, D.C., United States of America, 27 July 2017

Background

The Vice President and Treasurer of IBRD/IDA is seeking a dynamic individual who combines technical expertise and excellent people management skills to lead the Treasury Operations Department. The Director will report directly to the TREVP, and will work closely with the directors of the 5 other Treasury departments and the Manager of Treasury's corporate services unit to provide seamless Treasury services to the Bank Group and its members.

The Treasury Operations Department (TRO) consists of approximately 90 staff members located in the Bank's Washington, DC headquarters as well as Chennai India. It is organized in four operational units: 1) Banking Operations (TROBP); 2) Capital Markets Operations (TROCM); 3) Fixed Income Asset Management Operations (TROIM); and 4) Multi-Asset Class Services (TROMC).

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 4 year term appointment.

Duties and Accountabilities

The responsibilities of the Treasury Operations Director include the following:

  • Ensuring timely and efficient processing of all cash flows - payments and receipts - which includes all administrative expenses (including payroll), loan, trust- fund and Treasury transactions within agreed standards;

  • Ensuring that confirmation and settlement of financial market transactions), pricing of securities, cash planning, foreign exchange, management of custody relationships and collateral management for Treasury's extensive activities in the derivatives markets are undertaken in an accurate and timely manner within market standards and deadlines;

  • Providing accounting and financial reporting services for the WBG benefit plans in accordance with US Generally Accepted Accounting Principles as well as International Financial Reporting Standards.;

  • Ensuring robust internal controls and processes are in place to manage operational risks as well as business continuity arrangements considering both internal systems and processes as well as those of service providers. Responding quickly when issues arise;

  • Continuously seeking more client oriented and efficient means of conducting business through use of technology and/or service providers;

  • Providing leadership, motivation, and inspiration to the department to understand and connect with the WBG and Treasury mission, goals, and objectives;

  • Developing the department's business strategy in collaboration with TRE leadership and Finance Partners; Planning and overseeing the work program;

  • Ensuring delivery of high quality outputs in a timely manner with due consideration of Board, senior management, and client needs; Implementing and maintaining quality control processes/inputs to support and expedite the delivery of products and services with a focus on client orientation and solutions;

  • Providing direction, coaching, and feedback to continually develop and maintain a high performing and talented team of financial professionals; Foster learning and development strategies to maintain a professional workforce with up-to-date skills, knowledge, and experience.

  • Proactively promoting team work and collaboration within the department, across Treasury, and with business partners, including ITS and Finance Partners, to foster efficient and effective business operations and delivery to clients;

  • Build and maintain strong working relationships with business partners, senior management, and clients to understand their needs and communicate the direction of programs and initiates; Build and maintain networks of professionals in other international organizations (e.g. MDBs and UN agencies) as well as market counterparts in the private sector to share information and bring in the latest external thinking and best practice;

  • Formulating and maintaining strategic staffing needs and annual budget requirements; delivering the agreed upon work program through cost-effective use of resources in consideration of appropriate internal controls and procedures;

  • Ensure adequate flow of knowledge and expertise so that clients receive the highest quality support and knowledge they need, when and where they need it: Ensuring that relevant knowledge is captured and disseminated/shared appropriately (internally and externally), including development of good practices; Staying abreast of industry trends and technology, its implications, and providing leadership for adoption when appropriate (e.g. robotics process automation, LEAN and Agile methodologies, and distributed ledger/block chain technology).

  • Participating on behalf of TRE in Bank-wide task forces, working groups and committees; Responding to corporate and external demands which are directed to the TREVP.

View the ECN Recruitment Notice (This notice is visible only to ECN Executive and Expert Members: Please login to view).

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