Associate Financial Officer - Derivatives/Structured Finance Valuation, London, Closing date: Thursday, 11 June 2015

Organization: IFC - International Finance Corporation
Country: United Kingdom
City: London
Office: IFC London Regional Office

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:

Derivatives pricing and exposure measurement;
Financial models development for clients risk management needs;
Technology development using various mathematical models and computer applications to support portfolio managers/traders in Treasury; and
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 London 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:

Develop analytical tools and provide analytical support to IFC Treasury's trading and client facing units.
Participate in maintaining and enhancing internally developed performance and risk management system.
Contribute to model development and enhancement for Securitization and other credit products.
Engage in modeling valuation of structured/exotic bonds and derivatives covering global fixed income, foreign exchange, equity and commodities market.
Test and peer-review internally developed models.
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 financial analysis, econometrics and modeling.
Solid understanding of fixed income mathematics. Strong quantitative, analytical, modeling and econometrics skills.
Able to determine appropriate modeling and valuation techniques and to construct models consistent with market practice.
Good C++ and Excel VBA.
Experience using UNIX, preferably Solaris.
Proficiency in working with databases.
High degree of motivation and commitment to highest ethical standards.
Strong inter-personal skills.
Ability to work under pressure and multitask.