Title: Associate Financial Officer- Washington, DC- 132639
Job #: 132639
Job Stream: Treasury
Location: Washington, DC
Closing Date: 12/12/2013
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 and
Modeling Group is responsible for providing the analytical support to the
trading units in IFC Treasury. The main activities of the group are: (a)
Derivatives pricing and exposure measurement; (b) Financial models development
for clients risk management needs; (c) Technology development using various
mathematical models and computer applications to support portfolio
managers/traders in Treasury; and (d) validation of the output from the systems
and models. The Quantitative Analysis and Modeling Group is conducting a search
for an Associate 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:
- Actively participate in enhancing and maintaining derivative pricing
programs and programs for the measurement of credit exposure.
- Engage in model valuation and testing of structured/exotic bonds and
derivatives covering global fixed income, foreign exchange, equity and
commodities market.
- Contribute to model development and enhancement for Securitization and
other credit products.
- 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.
- 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.
- 4+ years of direct relevant market experience, 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.
- Able to 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.
- Good C++ and preferably some Excel VBA.
- Experience using UNIX, preferably Solaris.
- Proficiency in developing and working with relational databases. Oracle/
OCI preferred.
- Experience using Bloomberg and Reuters.
- High degree of motivation and commitment to highest ethical standards.
- Strong inter-personal skills.
- 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.
Read more information about the job posting and application procedures: