The Department of Financial Operations (CFO) is responsible for the critical back office functions of the Corporation, and comprises two main product support areas, namely: the Loan and Equity Support Group and the Treasury Support Group. In addition, the department has a small investment accounting and compliance function. Since its establishment in 1998, CFO is gradually expanding in parallel with the increased transaction volumes. Responsibilities for this role include:
Recording, settlement, servicing, accounting, and control of all loan, equity, quasi-equity, and Treasury borrowings transactions
Providing product support services to the regional and industry investment departments and the Treasury department, and to IFC borrowers and participant banks
Providing operational support in the development of new business initiatives and products
Providing technical accounting advice to investment departments for new and existing investment structures
Reviewing and developing corporate business processes and systems supported by Financial Operations
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