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 collaborates extensively 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 more than $100 billion in assets for over 40 clients, carries out about $30 billion per annum in debt issuance in international bond markets for IBRD and for the International Finance Facility for Immunisation (IFFIm), and is engaged in capacity-building partnerships in more than 40 countries. Treasury is responsible for the development and dissemination of IBRD’s menu of financial products and services, including loans, credit lines, guarantees, hedging products, and catastrophe risk financing. Treasury's financial practitioners work directly with the Bank’s country teams to structure and deliver custom financial solutions for IBRD clients.
Treasury staff is organized into seven departments operating in the asset management, banking and debt management, and capital markets business segments. The Banking and Debt Management Department (BDM) in Treasury is the institutional locus for delivering customized financial solutions using IBRD financial products, product innovation and development, dissemination of offerings to sovereign and sub-sovereign clients and to staff; and client advisory services in managing public debt and other sources of fiscal risk that may be mitigated in markets.
BDM services are grounded in Treasury’s market presence, operations, and hands-on expertise in capital markets and risk management. BDM customizes its engagements according to individual client needs, combining direct financial services with capacity-building activities. Advisory services are available on a cost-recovery basis for in-depth client engagements.
BDM is organized into three functional areas: 1) banking products; 2) public debt management advisory services; and 3) learning and marketing. BDM staff members typically work across the multiple functional areas and this structure enables the department to take advantage of synergies between the respective functions, as well as providing a diversified work program for staff.
The public debt management advisory team (BDMDM) has many years of combined experience in their field and delivers advisory and training services to sovereign and sub-sovereign clients based on international best practice. The main areas of work are: governance; debt management strategies and risk management; capacity and management of internal operations; coordination with cash management and macro-economic policies; and borrowing program implementation. The team works closely with Bank’s Poverty Reduction and Economic Management Vice Presidency (PREM) in the delivery of programs for low income countries, and with the Financial and Private Sector Development Vice Presidency on development of domestic debt markets. Within the department, the team provides due diligence support for IBRD financial solutions dialogue and implementation by ensuring execution within a sound risk management framework. It also undertakes applied research and produces publications on sound practices.
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 3 year renewable term appointment.
Senior Financial Officer
Senior Financial Officer
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