Ivanka Trump serves as a senior adviser to her father | Chip Somodevilla/Getty Images White House: Ivanka Trump not under consideration for World Bank chief Ivanka Trump’s name had been floated as a replacement to Jim Yong Kim, who is stepping down as president of the institution.

President Donald Trump’s daughter, Ivanka, is overseeing the internal search for a nominee to lead the World Bank — but is not herself a candidate for the job, according to the White House.

The World Bank's current president, Jim Yong Kim, announced last week that he will step down next month, touching off speculation about his replacement. The Financial Times reported that Ivanka Trump's name was "floating around Washington" as one possibility.

But White House Deputy Director of Communications Jessica Ditto said on Monday that "reports that she is under consideration are false." Ditto added, however, that Treasury Secretary Steven Mnunchin and acting chief of staff Mick Mulvaney had asked Ivanka Trump, who also serves as a senior adviser to her father, to "help manage the U.S. nomination process as she’s worked closely with the World Bank’s leadership for the past two years."

The 189-member international financial institution provides loans to countries and focuses on development and poverty eradication. The U.S. president cannot install its leader, who must be approved by the bank's board, but has traditionally placed his nominee in the job.

Trump has already faced harsh criticism for appointing his daughter as a senior White House adviser. Nominating her as World Bank president would likely have unleashed an uproar from Trump's critics, and perhaps even from some Republicans.