Closing date: Monday, 24 November 2014

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, D.C. headquarters. 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 term appointment.

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 of structured/exotic bonds and derivatives covering global fixed income, foreign exchange, equity and commodities market.
• Test and peer-review internally developed models.
• 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.
• Experience using Bloomberg and Reuters.
• High degree of motivation and commitment to highest ethical standards.
• Strong interpersonal skills.
• Ability to work under pressure.

Apply here: http://www.ifc.org/wps/wcm/connect/Careers_Ext_Content/IFC_External_Corporate_Site/IFC %20Careers/Career%20Opportunities/CareerOpportunityPlaceHolder?JobReqNo=140966