E T Consultant

E T Consultant

Job #:
req32405

Organization:
World Bank

Sector:
Treasury

Grade:
EC2

Term Duration:
1 year 0 months

Recruitment Type:
Local Recruitment

Location:
Washington, DC,United States

Required Language(s):
English

Preferred Language(s):

Closing Date:
4/4/2025 (MM/DD/YYYY) at 11:59pm UTC

Description

The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org.

Pension and Endowments Department

The Pension Department (PEN) is responsible for the management of the post-retirement benefit Plans of the World Bank Group (WBG). PEN fulfills its fiduciary mandate under a strong governance framework established by the WBG, under the oversight of the Pension Finance Committee, chaired by the MDCFO. PEN is part of the Treasury Vice-Presidency. Its activities regroup the key functions that pertain to the management of the Pension Plans and are organized in three teams: Pension Investments (PENIN); Pension Middle Office (PENMO); and Pension Administration (PENAD). PEN is a department with around 95 professional staff who are experts in key aspects of managing a pension Plan. PEN manages over $40 billion in assets as of end 2024 and serves around 17,000 Plan participants and beneficiaries. The PENDP team, directly under the PENDP Director's supervision, is comprised of PEN's Chief Actuary, of the PEN Risk Management team and of the PEN Director's Office front office, comprised of a Financial Analyst position, and an executive-assistant-level position.

Duties and Accountabilities:

Under the guidance and supervision of a Team Lead, the selected candidate will be responsible for specific individual tasks/projects and for working as an integral part of the team in executing PENDP risk function's work program. The selected candidate will work on the operational risk aspect of the work program. His or her primary responsibilities will include, but not limited to, some combination of the following activities:
? Conduct thorough assessments of operational risks across various business functions in PEN, identifying potential vulnerabilities and areas for improvement.
? Develop and implement effective risk mitigation strategies and controls, ensuring alignment with organizational goals and regulatory requirements.
? Monitor and maintain compliance with relevant risk management frameworks and industry standards related to operational risk management.
? Prepare regular reports on operational risk KPIs, key findings, and mitigation efforts to management.
? Identify and implement process improvements to enhance operational risk management effectiveness.
? Develop and deliver training programs to educate employees on operational risk management principles and procedures.
? Support operational risk management aspects of new projects and initiatives, ensuring risks are identified and mitigated early.

Selection Criteria
? Master's degree with 5 years of experience or equivalent combination of education in operational risk management or risk assessment in finance industry. Professional qualification such as FRM, CRISC would be a strong plus.
? The qualified candidate should have a sound understanding of operational risk management principles and best practices.
? Advanced experience with Power BI, Power Automate, Power Queries, proficiency in Excel macros and/ or a programing expert who works in a transparent way, and with the ability to train department users.
? Good knowledge of the Bank's operational risk system, policy and procedures and able to drive for results, document processes and policies.
? Proven ability to multitask, deliver results and respond quickly and effectively to requests. Ability to work under pressure and attention to detail.
? Excellent verbal, written and interpersonal skills, including the capacity to communicate and discuss complex topics in simple terms, both verbally and in writing.
? Having the highest ethical standards.

This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered

World Bank Group Core Competencies

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.

Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.

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