Senior Financial Management Specialist

Senior Financial Management Specialist

Job #:
req32538

Organization:
World Bank

Sector:
Financial Management

Grade:
GG

Term Duration:
4 years 0 months

Recruitment Type:
International Recruitment

Location:
Washington, DC,United States

Required Language(s):
English

Preferred Language(s):

Closing Date:
4/11/2025 (MM/DD/YYYY) at 11:59pm UTC

Description

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.

OperationsPolicy and Country Services (OPCS) plays a pivotal role in achieving the WBG'smission, to end extreme poverty and boost prosperity on a livable planet. TheVPU helps foster links between Global Practices and the Regions, whileassisting frontline staff in delivering results to clients through soundoperations policy and strong country support. OPCS develops and oversees theWB's operational policies for country strategies, lending operations, advisoryservices and analytical support, financial management, procurement, andenvironmental and social safeguards. This includes advising and providinghands-on assistance on the WB's policies, processes, and risk managementrelated to operations (e.g. use of financing instruments; on procurement,financial management, and safeguards matters; and on results management). OPCSis also responsible for modernizing operational instruments (lending andnon-lending) to help the WB become more responsive to a country's needs.

FinancialManagement Team in OPCS (OPSFM):
OPSFMled by the Chief Financial Management Officer, is based in the OperationsPolicy and Country Services Vice Presidency. The unit provides strategicleadership on FM policies and modernization of the financial management function.OPSFM provides training to FM staff in regions and helps resolve operational FMissues. The unit also leads interactionswith several agencies within the institution including WFA, INT, GIA, andInstitutions Global Practice. OPSFM isresponsible for FM and UN engagement Program.

Dutiesand Accountability:

OPSFM is seeking to recruit an experienced, high-performing Senior Financial Management Specialist, who is FM accredited to provide intellectual and operational knowledge and follow-through of policy applied to the Bank's fiduciary agenda. This is an assignment for an experienced and highly motivated staff with deep operational experience in the areas of integrated risk management, fiduciary aspects of different Bank's lending instruments, and interested in technology and innovation. The selected candidate will be based at HQ (Washington DC), reporting to the OPSFM Manager, and will work closely with colleagues in OPSFM as well as with the other Departments in OPCS and with other relevant stakeholders both within (Institutions Global Practice, WFA, GIA, and INT) and outside the Bank (e.g., development partners, accountability, and oversight institutions).

Working in OPCS helps World Bank professionals gain broad exposure to strategic operations issues and develop a deeper understanding of the business of the Bank. The successful applicant will work with the broader OPCS Team, including colleagues in charge of leading lending instruments and country diagnostics, procurement, and UN Agencies Program.

The Senior Financial Management Specialist is expected to perform a full range of operational duties, working under minimal supervision, and to take a leading role in the following tasks:

1. Policy and Systems

• Strategy: provide intellectual leadership, operational vision and follow-through on the Bank's fiduciary framework and related strategic directions.
• Policy: Provide inputs to Board Papers, Guidance, Good Practice and Reference materials that relate to DPFs, IPFs, TFs, MPAs and CPFs, and advise on the approval of policy waiver requests.
• Systems: Contribute to the information system agenda (FM System, Audit Report Review Tool (ART), FM Standard Reports and FM Dashboard), for all implementation activities. Lead the design, development and implementation of new technology-based solutions to support FM work.
• Training and Staff Learning: Provide inputs to and deliver training on FM related topics in OLC Curriculum and Core Academy as needed. Contribute to the maintenance and update of the FM e-learning as needed.
• Contribute to the roll-out of Funds Chain platform.
• Contribute to the Change Agenda of the FM function.

2. Fiduciary Oversight and Risk

• Corporate reviews: Carry out corporate reviews, as assigned. This may require attending relevant meetings (such as Review Meetings, Decision Meeting, ROC/OC Meetings)
• Fiduciary Risk: Provide inputs to the corporate risk list review and to Board engagements, e.g., QBRR and Operational Updates preparation.
• FM Accreditation: Support OPSPF FM Accreditation function.

3. Coordinating with internal and external partners

• Work closely with all the internal partners like Institutions Global Practice, WFA, INT, GIA.
• Collaborate with external partners like IPSASB, GAO, INTOSAI

To deliver on the above tasks, the Senior Financial Management Specialist is expected to:

• Utilize data analysis, prepare technical notes and presentations, contribute to the expansion and improvement of the systematization of tools across the institution, explore use of innovative technologies and opportunities to support WB's FM agenda and improve Bank/clients performance.
• Utilize dashboards, KPIs and other data visualizations tools to monitor FM quality, compliance, risk and performance and propose corrective measures to ensure quality of implementation of Bank's operations in all aspects related to FM.
• Identify and advise on best practices in financial management at the global level, providing contributions for modernizing the FM function.
• Provide technical and strategic advice to internal clients and development partners on FM issues including the efficient use of resources and managing internal controls and assurance function.
• Contribute to knowledge management and dissemination in financial management, in close collaboration with experts across the Global Practices, Regions and other internal partners.
• Facilitate and promote cross-cutting collaboration with development partners in financial management, including capacity building initiatives, use of country systems and convergence of fiduciary practices.
• Contribute to the preparation of the OPSFM's business plan and annual work program.
• Represent OPSFM in senior level meetings and working groups as required.
• Mentor staff, both participating in peer support opportunities andhelp developing more junior colleagues. This is key, since OPSFM leveragesitself by being inclusive, bringing in staff from Regions/GPs/other corporateUnits to deliver on institutional activities and mandates.

Selection Criteria

• Should be FM-accredited and must have at least eight years of relevant experience in financial management, that preferably includes expertise in the public sector.
• Demonstrated ability to use technology for analytical and strategic work, interpersonal skills with the ability to work independently with a variety of internal and external stakeholders, the ability to communicate complex information in a succinct and impactful manner.
• Demonstrated ability to provide intellectual and operational vision to follow- through application of principles enshrined in Bank policy to the FM agenda.
• Broad operational experience in the areas of integrated risk management in operational FM across different lending instruments.
• Strong grasp of the Bank's policy and procedure framework
• Experience of managing fraud and corruption risks in operations
• In-depth knowledge of, and experience in the various dimensions of the FM cycle (budget formulation, execution, controls, accounting and reporting, auditing and oversight).
• Broad operational project management experience - Demonstrates in-depth knowledge and understanding of project design, management and oversight tools and methodologies, as well as Bank instruments and processes related to project preparation and implementation, including stakeholder communications.
• Interest in finding pragmatic, innovative solutions for improved efficiency in operational FM including data analytics and initiatives in technology.
• Ensure effective collaboration and partnership across a range of internal and external stakeholders including procurement and other units within OPCS with a view to be responsive to operations.
• Mentor less experienced staff; participate in the design and delivery of training; and formulation/update of policy and guidance.

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.