Operational Due Diligence Officer

Operational Due Diligence Officer Job #:
req
38529

Organization:

World Bank Sector:

Treasury Grade:

GFTerm Duration:

Open-Ended Staff (OPEN-OP)
Recruitment Type:

International Recruitment

Location:

Washington, DC,United States Required Language(s):

English Preferred Language(s):

English Closing Date:
10/20/2026 (MM/DD/YYYY) at 11:59pm UTC Description

At the World Bank, a member of the World Bank Group (WBG), you’ll join a diverse, global community working across cultures, disciplines, and borders to address the world’s most pressing development challenges. With 1.2 billion young people reaching working age in the decade ahead, the challenge of job creation has never been greater. Through partnerships across 145 countries and more than 182 offices worldwide, we work with governments, private sector, development partners and other stakeholders to invest in people, strengthen markets, and deliver scalable, data-driven solutions that generate more and better jobs and improve lives.

For more information, visit https:// The Pension and Endowments Department (PEN) is responsible for the financial management and administration of the World Bank Group's funded benefit plans. Its responsibilities include asset management and actuarial support. PEN manages approximately US $48 billion 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 World Bank Group President and chaired by the Chief Financial Officer, oversees the financial management of the plans. PEN also provides technical assistance on multi-asset investment management to pension plans, endowments, and funds for the future, and manages the Pension Administration function. PEN identifies, selects, evaluates, and monitors investments through external managers globally.

The Pension Middle Office team (PENMO) supports these investment activities through pension plan operations, financial reporting, investment performance and attribution, exposure monitoring, investment asset pricing and valuation, third-party client reporting, and operational due diligence (ODD).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.

The Operational Due Diligence Officer will work within a collaborative team to deliver timely, high-quality operational due diligence reviews and ongoing monitoring across asset classes. The role includes reviewing audited financial statements, investment activity reports, Form ADV filings, and other relevant information; maintaining current review records; and supporting risk-based oversight of investment managers and external ODD providers.

Duties and Accountabilities
• Evaluate the overall quality of investment managers' organizations, including accounting, valuation, reporting, audit, regulatory compliance, and operational and IT infrastructure, to assess the control environment and ensure the proper safeguarding of Pension Plan assets.
• Identify operational (non-investment) risk factors and recommend measures to mitigate those risks based on reviews of investment managers' and funds' legal, financial, and other documentation.
• Manage relationships with strategic external operational due diligence providers, when used, including oversight of deliverables, review and challenge of findings, risk assessments, prioritization of reviews, and integration of results into the Pension Plans' operational due diligence framework.
• Conduct and participate in onsite and virtual operational due diligence reviews of…