Senior Financial Assistant

Employer
The World Bank (India)
Location
Chennai, Tamil Nadu
Salary
15-20 lakhs INR
Closing date
Dec 17, 2021

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Job Role
Senior Accountant
Sector
Banking
Contract Type
Permanent
Hours
Full Time
Level of qualification
Newly qualified, Qualified, CPA, Manager, Director/Executive, CIMA
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Job Details

The Senior Financial Assistant will work as part of a team of professionals to meet the unit’s responsibilities as they relate to the accounting and pricing/valuation of financial instruments and implementation of various institutional projects.

Responsibilities will include the following:-

  • Verify trade setup and trade modifications.
  • Ensure the accuracy and appropriateness of accounting entries and perform daily / weekly / monthly control activities for the Capital Markets’ portfolios. This includes, but is not limited to maintaining the ledgers, and identifying, investigating, and resolving system-to-system reconciliation and accounting flow breaks
  • Monitor and analyze accounting results as they relate to the Capital Markets’ portfolios, to ensure they are consistent with expectations and business objectives or deviations (if any) are justified and adequately documented.
  • Review for quality assurance of market data, evaluate data sources and verify the data for reliability
  • Develop expectations, perform analysis, prepare, and present sign-off commentaries, suggest, and implement solutions in a pro-active manner
  • Prepare various financial and management reports, as required by the department or other stakeholders.
  • Support institutional projects, business initiatives and new product implementations, as and when required. This would include performing requirement gathering and documentation, design review and analysis, user acceptance testing, implementation and maintenance of systems supporting various portfolios.
  • Collaborate with business and information technology teams across locations to address system issues and implement solutions promptly.
  • Assist in coordination with or responding to requests from external and internal auditors.
  • Provide services to clients within and outside the Bank by providing financial information and assistance, as needed.
  • Proactively interact with Treasury (TRE) and other business units, as required to stay abreast of new / proposed activities that may have accounting, valuation or reporting implications.
  • Stay abreast of accounting pronouncements and industry best practices as they relate to accounting / pricing of financial instruments.
  • Continually look for opportunities to improve processes and internal controls. Be responsible for promoting controls and ensuring compliance in WFA.
  • Maintain and develop processes, procedures, documentation, and internal controls around portfolios handled, with the objective of increasing efficiency and accuracy.

Selection Criteria

Education and Experience:

  • Bachelor’s degree(s) in Accounting, Finance, and/or Economics and a minimum of 2 years’ relevant experience or equivalent combination of education and experience.
  • CA/CPA/ACCA/CGMA and/or FRM/CFA. Master’s degree(s) in Accounting, Finance, and/or Economics may be considered in lieu of CPA/CA/ACCA/CGMA and/or FRM/CFA.
  • Professional experience in finance and accounting areas with a public / private financial institution (including IFC/IBRD) or the finance / treasury function of a public / private corporation.

Core Technical Knowledge:

  • Good knowledge of treasury products / financial instruments (i.e., capital and money market instruments - particularly fixed income instruments)
  • Good knowledge of Murex / Summit or other front-to-back treasury systems, integrated financial systems such as SAP, SAP BI/BO reporting tools would be a distinct advantage
  • Good understanding of market data requirements for capital / investment market transactions and knowledge of Bloomberg / Reuters
  • Proven quantitative and qualitative analytical skills, including excellent spreadsheet and skills. Familiarity with financial modeling techniques, programming languages (e.g., Python), writing macros will be a plus
  • Ability to contribute to team performance with strong interpersonal and communication skills
  • A positive and self-starter attitude (motivation, drive, initiative); and ability to work in a team-oriented, and multi-cultural environment
  • Capacity to deliver results and respond quickly and effectively to requests. Ability and desire to meet tight deadlines.
  • Flexibility to perform a variety of tasks and expand the scope of work and responsibilities; committed to achieving individual and team results
  • Excellent verbal and written communication and presentation skill
  • Highest ethical standards

Competencies:

  • Client understanding and advising
  • Broad business thinking
  • Project management
  • Analytical thinking
  • Policies and procedure
  • Risks and controls
  • Information technology
  • Communication

Company

The World Bank, a member of the World Bank Group, is a vital source of financial and technical assistance to developing countries around the world. Our mission is to fight poverty with passion and professionalism for lasting results and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors.

We are not a bank in the common sense; we are made up of two unique development institutions owned by 189 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

Each institution plays a different but collaborative role in advancing the vision of inclusive and sustainable globalization. The IBRD aims to reduce poverty in middle-income and creditworthy poorer countries, while IDA focuses on the world's poorest countries.

Their work is complemented by that of the International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA) and the International Centre for the Settlement of Investment Disputes (ICSID).

Together, we provide low-interest loans, interest-free credits and grants to developing countries for a wide array of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture and environmental and natural resource management.

Find Us
Website:
Telephone
+9198840 89543
Location
No 11, Taramani Road
Taramani,
Chennai, Tamil Nadu
India
600113
India

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