Location:Washington, DC
Organization:The International Finance Corporation (IFC)
Background / General description
The International Finance Corporation (IFC), part of the World Bank Group, promotes sustainable private
sector investment in developing countries. As part of IFC’s dynamic and market-oriented Treasury, the Quantitative Analysis Group is responsible for providing the analytical support to the trading units in IFC Treasury.
The main activities of the group are:
(a) financial modeling and its implementation in application tools;
(b) automation of processes for routine analysis
(c) maintenance of the integrity of data in the systems used for various analysis; and (d) validation of the output from the systems and models. The Quantitative Analysis and Modeling Group is conducting a search for a (Senior) Financial Officer. The position will be located at IFC’s Washington DC headquarters.
Duties and Accountabilities
- As a hands-on position, the individual will develop/validate financial models to ensure appropriateness of use and accuracy of output.
- Examples of general duties include the following:
- Play a leading role in enhancing and maintaining derivative pricing programs and programs for the measurement of credit exposure. Model valuation and testing of structured/exotic bonds and derivatives covering global fixed income, foreign exchange, equity and commodities market.
- Model development and enhancement for sovereign loans, credits and guarantees.
- Develop analytical tools and provide analytical support to portfolio managers.
- Investigate derivative mark-to-market discrepancies with that of our counterparty.
- Take personal responsibility and accountability for timely response to client queries and requests.
- Work to remove obstacles that may impede execution or overall success.
- Take personal responsibility and accountability to meet deadlines and achieve agreed-upon results.
- Develop and maintain utility programs, such as report generators.
- Monitor and troubleshoot daily and month-end automated jobs.
- Actively seek knowledge needed to complete assignments and share knowledge with others.
- Creating and maintaining documentation.
Selection Criteria
- Applicants must have a MS or higher degree in Finance, Mathematics, engineering or equivalent.
- 8+ years of direct relevant market experience, at least 5+ years in Structuring/Trading/Valuation of exotic interest rate and/or foreign exchange derivatives or credit. - Solid understanding of fixed income mathematics.
- Strong quantitative, analytical and derivative pricing skills.
- Experience with the implementation and application of models such as HW, SABR, HJM, LMM is required.
- Able to independently determine appropriate modeling and valuation techniques and to construct models consistent with market practice.
- Knowledge of a derivative trading platform, preferably Summit and associated C++ API.
- Strong C++ and preferably some Excel VBA.- Experience using UNIX, preferably Solaris.
- Proficiency in developing for relational databases.
- Oracle preferred, OCI, SQL+ and PL/SQL.
- Experience using Bloomberg and Reuters.
- High degree of motivation to enhance the level productivity via automation.
- Ability to work under pressure.
Applications must be submitted online. Only those candidates selected for interviews will be contacted. Candidates can check the status of their applications by visiting www.ifc.org/careers.*LI-AF1
http://unjobs.org/vacancies/1372023682520