International Development
Zacharey Carmichael
Operations Officer
Washington,DC
Overview
16
16
years of professional experience
9
9
years of post-secondary education
1
1
Language
Work History
Operations Officer
World Bank Fragility, Conflict And Violence Group
Washington, DC
04.2017 - Current
- Designed and launched International Development Association (IDA) US$500 million Crisis Response Window Early Response Financing (CRW ERF) – first IDA financing modality that helps countries scale up early and anticipatory action to emerging food security crises
- Lead operationalization of CRW ERF for food security crises by managing its technical review processes involving Country Management Units (CMUs), Regional Vice Presidencies (RVPs), World Bank Technical Expert Group on Food Security (TEGFS), corporate teams, and World Bank management
- Lead food security crisis risk monitoring and quantitative trigger calculations for CRW ERF, covering 15 IDA countries across Africa, Latin America and Caribbean, and Middle East and North Africa
- Represent FCV Group as part of World Bank's COVD-19 Food Security Core Team, contributing technical analyses and inputs for Bank-wide communications on emerging food security crisis risks
- Established Famine Action Mechanism (FAM) – first global partnership of humanitarian and development partners dedicated to bolstering famine prevention, preparedness and early action
- Led missions in Afghanistan, Chad, Somalia, South Sudan and Yemen (Amman, Jordan) with governments, donors, United Nations (FAO, OCHA, UNICEF, WFP), and NGO/CSOs to identify ways to bolster anticipatory and early action for food security crises at country-level – work which has led to World Bank projects such as Afghanistan Drought Early Warning, Finance, and Action Project (P173387) and Somalia Shock Responsive Safety Net for Human Capital Project (P171346)
- Raised funding for FAM's US$2.3 million budget by writing and successfully winning grants from Global Risk Financing Facility (GRiF), Korean Trust Fund (KTF), and State and Peacebuilding Fund (SPF)
- Manage FAM's budget and coordinate related work programs for 10 staff and consultants
- Oversee development of advanced data analytics, including experimental application of artificial intelligence and machine learning to enhance predictive power of famine early warnings in over 20 countries
- Led feasibility study with major reinsurance companies – Aon, Munich Re, and Swiss Re – to explore applications of risk transfers and insurance schemes to provide financial protection against food security crises
- Cultivate and manage partnerships with food security crisis technical leads across: donors (Canada, Denmark, EU, France, Germany, Italy, Netherlands, Norway, Sweden, Switzerland, UAE, UK, US); UN agencies (FAO, IFAD, OCHA, UNDP, UNICEF, WFP, WHO); ICRC and IFRC; (I)NGOs (Action Against Hunger, Concern, Mercy Corps, Oxfam, Save the Children, START); and data institutions (CILSS, FEWS NET, IPC, UN Centre for Humanitarian Data)
- Led development and execution of first Memorandum of Understanding (MOU) between World Bank and United States Agency for International Development (USAID)
Supported design and development of Global Crisis Risk Platform (GCRP) – World Bank's first strategic platform for identifying and mitigating multi-dimensional and compound crisis risks - Supported design and launch of Lebanon Financing Facility (LFF) – World Bank administered trust fund dedicated to supporting immediate recovery needs of poor and vulnerable households and businesses affected by port explosion in Beirut, Lebanon on August 4, 2020
- Contributed to conceptualization and development of World Bank Group's Strategy for Fragility, Conflict, and Violence 2020-2025, especially on issues related to severe food insecurity and crisis risks in FCV settings
- Provide briefings and develop presentations for World Bank senior management – e.g. Executive Directors, President, CEO, RVPs, CDs, CMs, etc. – as well as for client leadership – e.g. prime ministers, line ministers, etc.
- Led conceptualization, preparation, and execution of major World Bank events including at World Economic Forum in Davos, Switzerland (Jan 2018), United Nations General Assembly in New York (Sep 2018) and World Bank's Annual Meetings in Bali, Indonesia (Oct 2018)
Financial Analyst
World Bank Treasury Operations Capital Markets
Washington, DC
11.2015 - 04.2017
- Directly supported verification, documentation and settlement of +US$21.6 billion in new debt funding and derivative trades for International Bank of Reconstruction and Development (IBRD), International Development Association (IDA) and IBRD Trust Funds
- Worked closely with +20 counterparty banks to ensure proper trade execution and debt servicing of swap and bond transactions denominated in +20 currencies
- Supported daily management of exercised options relating to existing bonds and swaps including puts, calls, target accrual redemption notes and triggers
- Performed auditing compliance and implemented new workflow processes to strengthen internal controls
Researched issuance and settlement processes in preparation for innovative World Bank debt instruments including Chinese Panda Bonds, Japanese Shogun Bonds and Concessional Financing Facilities - Contributed to wider treasury initiatives such as being a member of a subcommittee dedicated to enhancing communications between treasury group and World Bank's operational units
- Organized joint seminar cohosted by World Bank and Islamic Financial Services Board as part of World Bank's 2016 Annual Meetings; coordinated +100 delegation including corresponding with finance ministers, central bank governors and chairpersons of capital markets authorities and securities commissions
- Developed presentations as part of TROCM's advisory functions for internal and external events and coordinated with treasury units to create department-wide knowledge materials for directors and World Bank leadership
- Advised Information Technology Services (ITS) colleagues in development of automated workflow systems to replace aging trading platforms and assist in product testing
- Initiated projects to streamline group workflow processes such as reorganizing disparate counterparty contact lists into a centralized, editable resource of +1300 contacts
Financial Analyst
SunTrust Robinson Humphrey Inc.
Atlanta, GA
05.2013 - 11.2015
- Marketed and traded interest rate and foreign exchange hedging products for middle market and large corporations with annual revenues of US$10 million - US$1 billion
- Provided hedging guidance to company heads and finance boards on risk management solutions
- Supported cross-border acquisitions, cash flow hedging, balance sheet and income statement risk management, debt service analysis and multi-currency asset and liability management
- Wrote and distributed weekly commentary newsletters to more than 500 corporate bankers and clients on trends, forecasts and hedging strategies in interest rates and currency markets
- Initiated projects that unified data from separate reporting systems into centralized resources, leading to identification of 50 separate revenue opportunities
- Developed training materials for new members of team and participated in staff recruiting events
Foreign Exchange Spot Trading Desk Intern
The Bank Of New York Mellon Corporation
New York, NY
05.2012 - 08.2012
- Worked with management team to implement algorithmic trading models in new electronic trading platform
- Developed global macroeconomic spreadsheet that provided weekly trading signals for senior management
- Led integration of workflow documents between trading and sales desks to streamline communication of customer orders between New York, Boston and Philadelphia offices
- Performed technical analysis and analyzed charting patterns for senior traders
Community Outreach and Finance Intern
The Nashville Food Project
Nashville, TN
08.2011 - 05.2012
- Helped serve free and nutritious meals in Nashville's working poor and homeless communities
- Led expansion of service locations by coordinating with community focal points in local neighborhoods
- Created standardized financial tracking system to help management team evaluate costs of meals served
Financial Services Representative
Arvest Bank Group Inc.
Bentonville, AR
01.2004 - 12.2010
- Led branch teller services, including daily processing of thousands of dollars in cash and electronic deposits for retail and commercial clients
- Responsible for opening and closing procedures of 8 bank branches, including managing security protocols and related safety measures
- Recommended and opened new financial accounts, evaluated financial needs, and developed financial planning strategies for retail and commercial clients
Education
Master of Divinity -
05.2010 - 08.2013
Full Tuition Academic Scholarship; Thesis: Toward an Interdisciplinary Space in the Academy
Master of Arts - Economic Development
05.2010 - 08.2012
Full Tuition Academic Scholarship; Thesis: Determining the Motivations of Migrant Remittances: An Analysis of Albania
Bachelor of Arts - Economics
08.2006 - 05.2010
Honors in Economics; Thesis: Exploring the Determinants of Rising Almond Pollination Fees in the United States
Skills
Project Management and Leadership
Extensive Experience in Fragility, Conflict and Violence (FCV) Contexts
Global Capital Markets and Financial Expertise
Demonstrated Ability to Work Under Significant Time Pressures and Competing Demands
Strong Interpersonal and Communication Skills
Excellent Organizational, Compositional, and Presentation Skills
Publications
- Additional Information Following up on the Addis Ababa Discussions on Regional, Crisis Response and Private Sector Windows. Washington, D.C.: World Bank Group. http://documents.worldbank.org/curated/en/235601571173809758/Additional-Information-Following-up-on-the-Addis-Ababa-Discussions-on-Regional-Crisis-Response-and-Private-Sector-Windows.
- Additions to IDA Resources: Nineteenth Replenishment - Ten Years to 2030: Growth, People, Resilience. Washington, D.C.: World Bank Group. http://documents.worldbank.org/curated/en/459531582153485508/Additions-to-IDA-Resources-Nineteenth-Replenishment-Ten-Years-to-2030-Growth-People-Resilience.
- Global Crisis Risk Platform. Washington, D.C.: World Bank Group. http://documents.worldbank.org/curated/en/762621532535411008/Global-Crisis-Risk-Platform.
- Predicting Food Crises. Policy Research Working Paper; no. WPS 9412. Washington, D.C.: World Bank Group. http://documents.worldbank.org/curated/en/304451600783424495/Predicting-Food-Crises.
- Responding to the Emerging Food Security Crisis. Washington, D.C.: World Bank Group. http://documents.worldbank.org/curated/en/775981606955884100/Responding-to-the-Emerging-Food-Security-Crisis.
- Stochastic Modeling of Food Insecurity. Policy Research Working Paper; no. WPS 9413. Washington, D.C.: World Bank Group. http://documents.worldbank.org/curated/en/911801600788869914/Stochastic-Modeling-of-Food-Insecurity.
- World Bank Group Strategy for Fragility, Conflict, and Violence 2020–2025. Washington, D.C.: World Bank Group. http://documents.worldbank.org/curated/en/844591582815510521/World-Bank-Group-Strategy-for-Fragility-Conflict-and-Violence-2020-2025.
Certifications and Training
- World Bank Group: Trust Fund Learning and Accreditation Program (TLAP 2.0); Safe and Secure Approaches in Field Environments (SSAFE) Training; Courses in ethics, disaster risk management, and presentation skills
- Financial Industry Regulatory Authority (FINRA): Series 7, 63
- The Sphere Project Certification in the Humanitarian Charter and Minimum Standards in Humanitarian Response
Volunteering
- The International Rescue Committee (IRC), Professional Mentor
- Miriam’s Kitchen (Homelessness Outreach)
- The United Nations Children’s Fund (UNICEF), Congressional Action Team Member
Interests
Humanitarianism
Food Security
Homelessness
Art
Music
Marathons
Timeline
Operations Officer - World Bank Fragility, Conflict And Violence Group
04.2017 - Current
Financial Analyst - World Bank Treasury Operations Capital Markets
11.2015 - 04.2017
Financial Analyst - SunTrust Robinson Humphrey Inc.
05.2013 - 11.2015
Foreign Exchange Spot Trading Desk Intern - The Bank Of New York Mellon Corporation
05.2012 - 08.2012
Community Outreach and Finance Intern - The Nashville Food Project
08.2011 - 05.2012
Vanderbilt University - Master of Divinity,
05.2010 - 08.2013
Vanderbilt University - Master of Arts, Economic Development
05.2010 - 08.2012
Vanderbilt University - Bachelor of Arts, Economics
08.2006 - 05.2010
Financial Services Representative - Arvest Bank Group Inc.
01.2004 - 12.2010