VACANCY: World Bank Treasury Summer Internship (Paid)

World Bank , United States , Washington, DC

Vacancy Summary

  • Organisation Type: Government / non profit
  • Sector: Financial Services
  • Type of contract: Internship
  • Posted on: Nov 18, 2021
  • Vacancy closing date: Jan 02, 2021

Job Description

All prospective applicants are strongly encouraged to read the resources on the World Bank Treasury Student Careers Portal before applying: http://treasury.worldbank.org/studentcareers.

With us, you will not just work in financial markets: you will help create new ones.

The Treasury Summer Internship Program is a junior professional training program designed to develop the skills necessary to have an exciting and rewarding career in the financial industry. The Program aims to bring exceptional college students, who possess a demonstrated interest in a financial career, to support the World Bank’s development mandate. The internship lays the foundation to become a Junior Analyst, a two-year position on one Treasury team, immediately after the intern graduates from their degree program. Interns are expected to be in their second to final year in the equivalent of a four-year college degree program. Hear directly from past interns and current junior analysts at the World Bank Treasury’s Student & Graduate Careers portal: treasury.worldbank.org/student careers.

The World Bank Group

The World Bank Treasury is one of the few places where you can be on the leading edge of finance as it sits at the only nexus of finance, innovation, and international development. We manage the institution's finances to enable all World Bank operations and lending. Each year, we issue over $50 billion in bonds, prudently manage over $180 billion in assets, and process over $7 trillion in transactions. You can learn more at treasury.worldbank.org. 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 worldbank.org.

About the internship

Treasury Summer Interns will work full-time for ten weeks from May 31 through August 16, 2022, in Washington, DC. Interns receive a custom onboarding program in the first week before beginning three three-week rotations across Treasury teams. Throughout the summer, interns participate in weekly discussions with the program director and attend a career perspectives speaker series to hear from various Treasury officers, managers, and directors. Interns have access to the nearly 300-employee Treasury, including meetings with the Vice President & Treasurer. Interns complete the internship by presenting their work in a capstone project to the entire management team.

Internship Calendar

Onboarding Week: May 31 – June 3
Rotation 1: June 6 – June 24
Rotation 2: June 27 – July 20
Rotation 3: July 21 – August 10
Break: August 11-12 & 15
Capstone Presentation: August 16

Interns join on a short-term temporary contract and are paid between $18.10 and $23.10 per hour, depending on HR rules, and will work in the Washington, DC Office, if the World Bank’s operating status permits. However, the entire internship may be hosted remotely on Washington, DC time. Each intern will be shipped a World Bank-issued laptop before the start of the internship. If required, the World Bank sponsors the appropriate visa for an incoming intern to work in the United States.

Internship teams and work programs

The program will hire up to 14 interns across Treasury’s 14 teams this summer, and each intern will have a different rotation schedule to create a different experience. Treasury has three departments and a compliance & controls team. It’s highly encouraged for applicants to read more about our organization and its 14 teams. Each team has an intern mentor and coordinator to supervise and support their work. Interns will be responsible for specific individual tasks or projects in one of Treasury’s departments, and, depending on interest and skills, will perform some or all the following:

Asset Management: Create daily market reports, shadow portfolio managers to understand asset management best practices, and work on Bloomberg terminal with asset managers.
Client Advisory: Support the engagement managerspractices through RAMP, Reserve Advisory & Management Partnership, which has over $25 billion of assets under management. Support the branding and marketing of products to central banks, international financial institutions, pension funds and sovereign wealth funds.
Compliance & Risk Management: Work on one of the fastest-growing sectors of the financial industry through understanding operational risk, business continuity, trade compliance and conflicts of interest risk.
Financial Infrastructure & Banking Operations: Shadow full-time employees as they liaise with hundreds of banks/custodians and communicate complex ideas and solutions with potential and existing clients.
Fintech & Innovation: Work on the cutting edge of finance through research, presentations, and event management on leading issues in digital and cryptocurrencies.
Financial Solutions: Provide background research on catastrophe bonds and currency and commodity hedging products for sovereign clients, including joining calls with Ministries of Finance and supporting presentations to clients.
Funding: Participate in investor calls, observe trades across Asian, European, and American markets, and learn about the issuance programs and supporting legal documentation.
Products, Knowledge & Research: Organize, clean, and visualize data for internal and external reports, support subject matter experts on issues of reserve management, ESG, and more.
Sustainable Finance & Investor Relations: Draft investor presentation materials, memos, and responses to serve existing clients and investors and to generate new business.
Structured Finance & Quantitative Modeling: Apply statistical analysis, mathematics, and computational finance to support our trading and structured finance, market-making operations, and asset management teams.
How we evaluate applicants
We believe poverty has no borders, and neither does excellence. With employees based in Chennai, Sofia, Singapore, Tokyo and Washington, the World Bank Treasury represents over 50 nationalities, and our leadership team hails from all regions of the world. We are proud to be an equal opportunity and inclusive employer. We do not discriminate based on gender, race, ethnicity, religion, disability, sexual orientation, or gender identity. Treasury also has a dedicated Diversity, Equity & Inclusion Team that advises on hiring protocols, career growth and outreach. Learn more about Treasury’s greatest strength: its diverse and dedicated staff.

Eligibility Requirements

We ask that all applicants meet the following core eligibility requirements to be consistent with the goals of the program. Applicants without these core requirements will not be considered.

Must be enrolled in the second-to-last year of the equivalent of a four-year college degree program in finance, business, economics or related field;
Must be prepared to graduate with the equivalent of a four-year college degree in 2023;
Must be in good academic standing at their college or university;
Must be available full-time through the duration of the internship.
Successful Applicant Profiles

Demonstrated paid work experience, previous internship or leadership in financial organization or club is strongly encouraged;
Excellent communication and presentation skills, both verbal and written;
Strong interpersonal skills and ability to collaborate and develop productive relationships to achieve the team’s objectives;
Proactive, resourceful, and flexible to work on a range of assignments and adapt to rapidly changing business requirements and priorities;
Experienced with programming languages, such as Python, or specialized software for managing and visualizing economic and financial data;
Strong research, analytical, and quantitative skills for data management;
Demonstrated ability to research, extract, and process financial and economic data from various source systems and repositories, especially Bloomberg, World Bank Group or International Monetary Fund databases, and online sources;
Highest ethical standards;
Fluency in a second language is a plus.

How to apply

All applicants are required to submit a one-page PDF cover letter and one-page PDF resume. You can learn what we look for in an application and hear from former interns at treasury.worldbank.org/studentcareers.

The World Bank Treasury is proud of its strong community of colleagues from incredibly diverse backgrounds. Although entirely optional, applicants are encouraged to submit a maximum half-page PDF to us to understand the contribution your personal background would make to our workplace.

Successful applicants will be asked to complete a remote test before interviewing. All applicants will be notified of the result by the end of February 2022.