Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. 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, increasing shared prosperity, and promoting sustainable development. 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.
The office of the Chief Risk Officer(CRO) is responsible for leading the risk management function for IBRD and IDA, with oversight responsibility for financial and operational risks including policy formulation, measurement, monitoring and reporting. The CRO works closely with other risk units in the Bank Group to address cross-cutting issues, support innovation in a sustainable manner and share best practices. It also fosters collaboration in risk management across other MDBs. CRO playsa key role in capitalstructure and interaction with rating agenciesas well as internal and external auditorsand Board communication on risk relatedmatters. It consistsof Country Credit Risk Department (CROCR), Market and Counterparty Risk Department (CROMC), and Operational Risk Department (CROOR).
The Market & Counterparty Risk Directorate (CROMC) focuses on oversight of risk in four main areas:
The Valuation & Analytics group (CROVA) is responsible for several quantitative and financial functions relating to IBRD and IDA (commonly referred as “The World Bank”). These functions includes, but are not limited to, the following:
a) Validation of pricing model, curve construction and market data used to value financial instruments of The World Bank (WB)
b) Pricing model verification and enhancement of the implementation of the models, curve construction and market data deployed at the World Bank for valuation of financial instruments.
c) Independent price verification and quantitative analytics of the issuance, derivatives, loans and commitments portfolio of The World Bank
d) Review of internal valuation standards and practices to ensure market alignment
e) Generating and monitoring of financial indicators, Greeks, MTM movements attribution and analysis
f) Liaising with multi-stakeholders to support and facilitate innovative and bespoke solutions and financial instruments.
g) Liaising with auditors on aspects related to model valuation and verification, financial markets and impact on WB portfolios and Independent Price Verification
The group is co-located in Singapore and Washington DC (WB Headquarters). The current position is based in Singapore and subject to local hire terms.
Posted on: 25 Apr 2024
World Bank Group Office
CROVA is looking for highly motivated and dynamic individuals for the position of Valuation Officer. The candidates should be experienced...
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