Manager
Apply NowCompany: The World Bank Group
Location: Washington, DC 20011
Description:
Manager
Job #:
req30745
Organization:
World Bank
Sector:
Finance & Accounting
Grade:
GH
Term Duration:
4 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Closing Date:
12/23/2024 (MM/DD/YYYY) at 11:59pm UTC
Description
Do you want to build a career that is truly worthwhile? The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org.
The World Bank Group Finance & Accounting (WFA) Vice Presidential Unit is responsible for all aspects of the financial reporting and internal control framework for the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), and the extensive Trust Fund/Partnership portfolio of these entities. WFA also houses the functions related to valuation, accounting for corporate expenses, structured finance, and loans as well as ensuring fiduciary responsibility for all disbursements related to Bank operations.
Located within the WBG Corporate Accounting & Reporting Department (WFACA), the WFA Risk & Controls Division (WFARC) is responsible for: managing the Internal Control Over Financial Reporting (ICFR) program of IBRD, IDA and Trust Funds; facilitate effective management of Operational Risks (incl. Business Continuity) across WFA departments to help manage risks commensurate with the institution's appetite; serve as the center for excellence on internal control matters to support an optimal control framework for new initiatives and large system projects in WFA.
This team is co-located in Washington DC and Chennai. The manager will report to the WFACA Director and manage the division effectively and deliver to division's work program within the budget envelope. The core roles and responsibilities of the division manager include:
Roles & Responsibilities:
The Manager WFARC will:
Set the strategic direction for the ICFR program for IBRD, IDA and Trust Funds, and manage the activities to support the annual assertion and attestation over ICFR
Manage the program efficiently for design and operating effectiveness evaluation of ICFR and deficiencies remediation, and facilitate a strong control environment aligned with industry best practices
Lead and implement the ICFR commitments under One World Bank Group initiative, promoting efficiencies through synergies and knowledge sharing across WBG
Manage the controls-related conversations with the External Auditors
Provide leadership for effective management of Operational risks in WFA activities, ensuring alignment with institution's risk appetite
Ensure common understanding among WFA Leadership team of key risks across WFA activities and work across departments to develop solutions to manage the residual risks
Collaborate with WFA departments and other stakeholders across Finance/WBG to manage Operational risks relating to new products/ initiatives and platform renewals, to maintain a strong framework for robust financial reporting
Strengthen resiliency of critical activities in WFA by enhancing robustness of fallback procedures to ensure business continuity for priority deliverables
Develop and implement a strong control framework for Sustainability reporting and a roadmap for independent assurance
Embrace and promote automation and digital tools for efficient delivery of the risk and controls program
Represent WFA in Operational risk and control forums and committees; liaison with CRO Operational risk department and GIA on matters impacting WFA and ensure institutional commitments vis a vis risk and controls are met
Implement a robust process for ICFR risk awareness and control good practices among stakeholders in WFA and across finance.
People / Talent Management accountabilities:
Manage the unit staff, including the recruitment, evaluation, and career development of staff.
Manage talent and talent strategy to align with future needs of the business
Resource Management accountabilities:
Manage the unit's financial resources effectively and efficiently, ensuring corporate policies and VPU requirements are complied with.
Relationship Management accountabilities (Internal and External):
Managing stakeholder relationships with external and internal parties, to achieve unit, departmental, VPU, and institutional goals in an effective manner. Proactively interact with all units in WFA, Treasury (TRE); Corporate Finance in DFI; Chief Risk Officer VPU (CRO); Internal Audit (GIA), Human Resources (HR); risk professionals in peer and industry organizations, External Audit Firms etc.
Knowledge Management accountabilities:
Disseminates best practices and lessons learned
Manages the learning and knowledge flows
Selection Criteria
The successful candidate will have:
CPA/ CA and a minimum of 12+ years' relevant experience in accounting, audit or risk fields; preferably with a significant portion of the experience in financial industry.
Certifications in Information Systems Controls, Operational Risk/ Business Continuity preferred.
Strong understanding of World Bank financial products and Trust Funds program, specifically from an Operational risk and controls perspective.
Expertise in ICFR/ SOX regulations and control frameworks; experience leading conversations with external and internal stakeholders on control and operational risk topics.
Experience in implementing Operational risk program in a shared services delivery unit/ function.
Excellent leadership skills, particularly demonstrated in a complex organizational setting with demanding responsibilities, proven ability to supervise and manage teams across geographical locations and time zones.
Proven track record of implementing process improvements in complex environments, providing leadership in supporting automation and large systems platform implementation.
Proven capacity to multi-task, deliver results and respond quickly and effectively to requests. Ability and desire to meet tight deadlines.
Excellent verbal and written communication and presentation skills.
Highest ethical standards.
Key Competencies - the preferred candidate must demonstrate the following competencies:
Project Management - Understands the basic concepts of project management, as they relate to the execution of tasks within a project
Business Processes & Systems - Has an understanding of business processes and systems (including accounting systems) to recommend and help implement process improvements.
Fundamental Controllership Knowledge - Has a basic understanding of general accounting principles, risks and controls, financial concepts and financial transaction processes.
Transaction Processing - Has substantial work experience to demonstrate understanding of key risks and controls in automated systems.
Financial Products - Has an understanding of the range of available financial instruments (e.g., IBRD borrowings and liquid investments, IDA borrowings and investments, and trust funds).
Client Orientation - Takes personal responsibility and accountability for timely response to client queries, requests or needs, working to remove obstacles that may impede execution or overall success.
Drive for Results - Takes personal ownership and accountability to meet deadlines and achieve agreed-upon results and has the personal organization to do so.
Teamwork (Collaboration) and Inclusion - Collaborates with other team members and contributes productively to the team's work and output, demonstrating respect for different points of view.
Knowledge, Learning and Communication - Actively seeks knowledge needed to complete assignments and shares knowledge with others, communicating and presenting information in a clear and organized manner.
Business Judgment and Analytical Decision Making - Analyzes facts and data to support sound, logical decisions regarding own and others' work.
This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
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.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.
Job #:
req30745
Organization:
World Bank
Sector:
Finance & Accounting
Grade:
GH
Term Duration:
4 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Closing Date:
12/23/2024 (MM/DD/YYYY) at 11:59pm UTC
Description
Do you want to build a career that is truly worthwhile? The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org.
The World Bank Group Finance & Accounting (WFA) Vice Presidential Unit is responsible for all aspects of the financial reporting and internal control framework for the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), and the extensive Trust Fund/Partnership portfolio of these entities. WFA also houses the functions related to valuation, accounting for corporate expenses, structured finance, and loans as well as ensuring fiduciary responsibility for all disbursements related to Bank operations.
Located within the WBG Corporate Accounting & Reporting Department (WFACA), the WFA Risk & Controls Division (WFARC) is responsible for: managing the Internal Control Over Financial Reporting (ICFR) program of IBRD, IDA and Trust Funds; facilitate effective management of Operational Risks (incl. Business Continuity) across WFA departments to help manage risks commensurate with the institution's appetite; serve as the center for excellence on internal control matters to support an optimal control framework for new initiatives and large system projects in WFA.
This team is co-located in Washington DC and Chennai. The manager will report to the WFACA Director and manage the division effectively and deliver to division's work program within the budget envelope. The core roles and responsibilities of the division manager include:
Roles & Responsibilities:
The Manager WFARC will:
Set the strategic direction for the ICFR program for IBRD, IDA and Trust Funds, and manage the activities to support the annual assertion and attestation over ICFR
Manage the program efficiently for design and operating effectiveness evaluation of ICFR and deficiencies remediation, and facilitate a strong control environment aligned with industry best practices
Lead and implement the ICFR commitments under One World Bank Group initiative, promoting efficiencies through synergies and knowledge sharing across WBG
Manage the controls-related conversations with the External Auditors
Provide leadership for effective management of Operational risks in WFA activities, ensuring alignment with institution's risk appetite
Ensure common understanding among WFA Leadership team of key risks across WFA activities and work across departments to develop solutions to manage the residual risks
Collaborate with WFA departments and other stakeholders across Finance/WBG to manage Operational risks relating to new products/ initiatives and platform renewals, to maintain a strong framework for robust financial reporting
Strengthen resiliency of critical activities in WFA by enhancing robustness of fallback procedures to ensure business continuity for priority deliverables
Develop and implement a strong control framework for Sustainability reporting and a roadmap for independent assurance
Embrace and promote automation and digital tools for efficient delivery of the risk and controls program
Represent WFA in Operational risk and control forums and committees; liaison with CRO Operational risk department and GIA on matters impacting WFA and ensure institutional commitments vis a vis risk and controls are met
Implement a robust process for ICFR risk awareness and control good practices among stakeholders in WFA and across finance.
People / Talent Management accountabilities:
Manage the unit staff, including the recruitment, evaluation, and career development of staff.
Manage talent and talent strategy to align with future needs of the business
Resource Management accountabilities:
Manage the unit's financial resources effectively and efficiently, ensuring corporate policies and VPU requirements are complied with.
Relationship Management accountabilities (Internal and External):
Managing stakeholder relationships with external and internal parties, to achieve unit, departmental, VPU, and institutional goals in an effective manner. Proactively interact with all units in WFA, Treasury (TRE); Corporate Finance in DFI; Chief Risk Officer VPU (CRO); Internal Audit (GIA), Human Resources (HR); risk professionals in peer and industry organizations, External Audit Firms etc.
Knowledge Management accountabilities:
Disseminates best practices and lessons learned
Manages the learning and knowledge flows
Selection Criteria
The successful candidate will have:
CPA/ CA and a minimum of 12+ years' relevant experience in accounting, audit or risk fields; preferably with a significant portion of the experience in financial industry.
Certifications in Information Systems Controls, Operational Risk/ Business Continuity preferred.
Strong understanding of World Bank financial products and Trust Funds program, specifically from an Operational risk and controls perspective.
Expertise in ICFR/ SOX regulations and control frameworks; experience leading conversations with external and internal stakeholders on control and operational risk topics.
Experience in implementing Operational risk program in a shared services delivery unit/ function.
Excellent leadership skills, particularly demonstrated in a complex organizational setting with demanding responsibilities, proven ability to supervise and manage teams across geographical locations and time zones.
Proven track record of implementing process improvements in complex environments, providing leadership in supporting automation and large systems platform implementation.
Proven capacity to multi-task, deliver results and respond quickly and effectively to requests. Ability and desire to meet tight deadlines.
Excellent verbal and written communication and presentation skills.
Highest ethical standards.
Key Competencies - the preferred candidate must demonstrate the following competencies:
Project Management - Understands the basic concepts of project management, as they relate to the execution of tasks within a project
Business Processes & Systems - Has an understanding of business processes and systems (including accounting systems) to recommend and help implement process improvements.
Fundamental Controllership Knowledge - Has a basic understanding of general accounting principles, risks and controls, financial concepts and financial transaction processes.
Transaction Processing - Has substantial work experience to demonstrate understanding of key risks and controls in automated systems.
Financial Products - Has an understanding of the range of available financial instruments (e.g., IBRD borrowings and liquid investments, IDA borrowings and investments, and trust funds).
Client Orientation - Takes personal responsibility and accountability for timely response to client queries, requests or needs, working to remove obstacles that may impede execution or overall success.
Drive for Results - Takes personal ownership and accountability to meet deadlines and achieve agreed-upon results and has the personal organization to do so.
Teamwork (Collaboration) and Inclusion - Collaborates with other team members and contributes productively to the team's work and output, demonstrating respect for different points of view.
Knowledge, Learning and Communication - Actively seeks knowledge needed to complete assignments and shares knowledge with others, communicating and presenting information in a clear and organized manner.
Business Judgment and Analytical Decision Making - Analyzes facts and data to support sound, logical decisions regarding own and others' work.
This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
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.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.