Business Analyst - Chennai, India - World Bank Group

Description

Business Analyst (ETC)

Job #:
req27240 Organization:

World Bank Sector:

Treasury Grade:
EC1
Term Duration: 1 year 0 months

Recruitment Type:

Local Recruitment Location:
Chennai,India Required Language(s): English Preferred Language(s):
English Closing Date: 5/7/2024 (MM/DD/YYYY) at 11:59pm UTC
Description

The World Bank is one of the world's largest sources of funding and knowledge for developing countries. The World Bank works in more than 100 developing economies to improve living standards and fight poverty.

For each client, the World Bank uses financial resources and extensive experience to help our client countries to reduce poverty, increase economic growth, and improve quality of life.

The International Bank for Reconstruction and Development is an original member of the World Bank Group and is owned by 189-member countries whose views and interests are represented by a Board of Governors and a Washington, DC-based Board of Directors.

There are five World Bank Group institutions, each of which specialize in various aspects of development:

the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).

The Pension and Endowments Department (PEN) is responsible for the financial management and administration of the World Bank Group's funded benefit plans.

Financial management includes asset management responsibilities and actuarial support.

PEN manages about $40 billion US dollars invested across a range of asset classes, including fixed income, public equities, private equity, real assets, absolute return, and credit strategies.

The Pension Finance Committee, appointed by the Bank Group President and chaired by the Chief Financial Officer, has oversight responsibility for the financial management of the plans.

PEN's responsibilities also include the delivery of technical assistance on multi- asset class investment management to pension plans, endowments and funds for the future, and the management of the Pension Administration function.

PEN identifies, selects, evaluates, and monitors investments, through outside managers, globally.

The Pension Middle Office team (PENMO) under PEN is responsible for providing a full range of functions supporting these investment activities, including the following: i) pension plan operational activities, ii) pension plans financial statements, iii) pension investment performance and attribution, iv) asset class exposure monitoring, v) investment asset pricing and valuation, and vi) third-party clients' reporting.

The World Bank Group is committed to achieving diversity in terms of race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated in the strictest confidence.


Duties and Accountabilities:

There are a few upcoming transformation projects in PEN that will require multiple level of support, such as data extraction, implementation of an Investment Book of Record and Customer Relationship Management system, switch from shared drives to Cloud storage, and the changeover from an Oracle database to Data lakes or cloud storages of similar nature.

In addition, there are a variety of smaller projects that will bridge the gap between the vendor solutions and business requirements that will cover data management, reporting, visualization, and automation.

We will need resources that have the digital dexterity of working with large data using tools such as VBA, SQL, Python and Office Power Suite to deliver interface management and reporting.

In addition, we are looking to develop statistical models/data analysis support for various areas within the team.

Candidates must have a demonstrated record, with hands-on experience, covering diverse technological landscapes.

It is important that the candidate should have been involved in conceptualizing and acquired experience in developing statistical models and data analysis related projects.

Under the guidance and supervision of a Team Leader, the selected candidate will support a range of individual tasks/projects.

The primary responsibilities will include, but is not limited to, some combination of the following activities:

• Provide technical support services throughout the IT project lifecycle for systems projects, in close consultation with business and IT teams (including solution design, change management, development, testing, implementation, and stabilization).
• Collaborate with business counterparts and analysts to understand both core functional and non-functional requirements and define solutions within the Bank's business and IT architecture frameworks (in collaboration with the IT department).
• Provide support to ensure the ongoing evolution and integration of tools that deliver end-to-end Innovation/Automation solutions and business benefits, and to fully leverage industry best practices.
• Support the stabilization and growth of the Innovation/Automation programs, with Bank supported tools.
• Support the building and maintenance of robust statistical models and/or develop relevant solutions while working on projects dealing with data analysis.
• Provide training to upskill staff and clients and support project delivery, as required.
• Contribute to continuous improvement and process enhancement initiatives aimed at simplification, automation, standardization; and both enhancements to process quality and controls.
• Provide input and actively participate in various emerging projects, as required.
• Support a diverse range of corporate initiatives specifically focused on client-facing products, business processes, and system implementations.

Selection Criteria

• Required educational Qualifications and Certifications with 3-5 years of relevant post qualification work experience:

a. Bachelor's degree in engineering /information technology.

b. Professional qualifications such as CA/CPA/MBA

• CFA/FRM certification is desirable.
• In-depth knowledge of any of SQL, Python, R with a strong track record of specific projects, either working as lead or where a substantial contribution was made.
• Comfortable in brokering complex discussions across technology, business clients and stakeholders and driving towards mutually beneficial decisions for all parties.
• Strong process-driven and innovation outlook, along with an excellent grasp of related industry best practices.
• Ability to conceptualize, design, and implement innovative solutions and challenge the status quo.
• Proficiency in/ or ability to quickly absorb and work with Office 365 products, particularly with Power Apps, Power Automate, PowerBI, and SharePoint.
• Proven conceptual, analytical, and appraisal skills; and the ability to interpret and present complex financial information clearly.
• Excellent verbal, written and interpersonal skills, and the ability to communicate well at all organizational levels, including both technical and non-technical stakeholders.
• Ability to work directly with clients and management; and facilitate and navigate discussions with stakeholders to ensure clarity, prioritization, and consensus.
• People Skills and ability to work well with diverse team members, often in multiple locations.
• Excellent problem solving and the ability to work with different points-of-view and lead the team to convergence, while always keeping the project/initiative objectives in sight.
• Excellent personal organizational skills and the ability to lead matters to closure.
• High-level of initiative with the ability to man

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.