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Finance Intern (Summer 2020)

Are you a rising senior in college working towards a career on the trading floor of a major bank, investment or private equity firm or one of the departments supporting that function? Get a strong boost down that path with the World Bank Treasury. The World Bank Treasury Internship Program is a finance professional training program offered to college seniors. The program provides an opportunity to develop the analytical, quantitative and interpersonal skills necessary to develop an exciting and rewarding career in finance. Interns work together with a full-time World Bank Treasury staff. Over the course of the summer, interns are given an opportunity to explore and assist in Treasury’s business functions. The lessons learned at Treasury will lay the foundation for a financial career at the world’s leading investment banks, fund managers or corporate treasuries. The Internship Program is designed in part to attract the best talent to return to the World Bank Treasury upon graduating where they can begin a full-time two-year professional position as an Analyst—preparing the next generation of finance professionals for the world’s top business schools and follow-on careers.

Professional Training Program
Interns begin with a training program, where they are introduced to the working culture and business lines of Treasury. The training includes a tour of Treasury, presentations by Treasury Specialists on its structure, governance, and services. The training program may also include a visit to the sister Treasury within the World Bank Group, the International Finance Corporation, and numerous networking opportunities and learning events from professionals across the World Bank Group.

Intern Responsibilities
Interns will be exposed to Treasury’s partners and clients, including leading investment banks, central banks, ministries of finance, pension funds, sovereign wealth funds, and other multilateral development banks. Interns will work within one or more of Treasury’s departments, and, depending on interest and skills, will perform some or all the following:
  • Funding: Develop structuring, cash flow financial models, primarily for bond transactions.
  • Financial Infrastructure & Operations: Shadow full-time employees as they communicate complex ideas and solutions with potential and existing clients.
  • Investment Advisory: Develop securities analysis and understand asset management best practices through the World Bank Pension (AUM $27 billion) and Reserves Advisory & Management Partnership (AUM $25 billion).
  • Investor Relations & Client Services: Draft presentation materials, memos, and responses to serve existing clients and generate new business.
  • Quantitative Modeling: Apply statistical analysis, mathematics and computational finance to support our trading and structured finance, market-making operations, and asset management teams.

Intern Requirements
  • You are a current undergraduate student set to graduate by Summer 2021 (graduate student applications will not be considered)
  • You can commit at least ten weeks in Summer 2020--full-time is strongly preferred.
  • You have a superior academic performance and a compelling interest in and knowledge of the financial markets.
  • You thrive in an institution that strives for innovation and to be a global, market leader.
  • You have a firm understanding of Microsoft Excel.
  • You provide a strong work ethic and a willingness to multi-task.
  • You consistently collaborate, adapt, and remain versatile.
  • You possess strong analytical, oral and written communication skills.
  • Your interest or experience in international affairs and development is a plus, but not required.

Application Requirements
  • Resume
  • Cover letter, including how this internship will fit into your career plans in finance

Expected Timeline
  • Select candidates will be invited to complete a test. Final-round candidates will be invited for an interview.
  • Please no calls or emails.

The World Bank
The World Bank is one of the world's largest sources of funding and knowledge for developing countries and 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 the 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 different 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 World Bank's Twin Goals
The World Bank has twin goals of ending extreme poverty and promoting shared prosperity. Its capacity to fulfill these goals is underpinned by a Treasury Vice Presidency (Treasury) that is widely recognized across the global capital markets for its dynamic professionalism and its record of innovation in obtaining outperformance for its clients in all the Treasury’s functions.

The World Bank Treasury
Treasury is the Vice Presidency performing treasury functions for the IBRD and IDA and, to varying degrees, for other members of the World Bank. Its activities are organized and grouped into six departments: Capital Markets, Investment Management, Pension and Endowments, Quantitative Solutions and Analytics, Treasury Services, Treasury Operations, and Financial Advisory and Banking. Treasury has been a large and significant player in the international financial markets for more than 70 years and has achieved a global reputation as a prudent and innovative borrower, investor and risk manager.

The World Bank Treasury's Responsibilities
Treasury is responsible for: (i) managing approximately $150 billion in assets for the World Bank and other official-sector investors; (ii) leading the World Bank's triple-A rated financing program in international and domestic bond and derivatives markets; (iii) conducting asset and liability management for the World Bank's balance sheet; (iv) overseeing the development and outreach related to the financing and hedging products the Bank provides for its developing-country clients; and (v) collaborating with the World Bank member countries to help build their capacity. Staff in Treasury regularly interacts and collaborates with the other departments across the Bank and Finance Teams.

Poverty has no borders. Neither does the effort to rid the world of it. The World Bank’s twin goals are ending extreme poverty and promoting shared prosperity. The World Bank’s Treasury financially enables the operational departments to work toward these goals. 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.