Sr Financial Management Specialist
Job #: req7102 Organization: World Bank Sector: Financial Management Grade: GG Term Duration: 3 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English, Spanish Preferred Language(s): French, Portuguese Closing Date: 5/15/2020 (MM/DD/YYYY) at 11:59pm UTC
Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. 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, increasing shared prosperity and promoting sustainable development. 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. Visit www.worldbank.org.
Governance Global Practice Context
An effective and accountable governance framework, In the form of functioning institutions, is a necessary precondition for sustainable poverty reduction. Fragile, ineffective or inexistent institutions have long been put forward as explaining the relative underperformance of economies. Furthermore, poor governance and structural deficiencies in public and private institutions are often prevalent in fragile and conflict affected states. On the other hand, cross-country empirics have confirmed that higher institutional quality is correlated with higher levels of per capita income and greater economic growth. Thus, governance mechanisms and institutions are critical to sustained growth and poverty alleviation.
The Governance Global Practice (GGP) brings together professionals in financial management, public investment management, procurement, taxation, regulatory policy, transparency, digital governance, justice, anticorruption, and social accountability to develop innovative, integrated solutions to pernicious institutional problems. The GGP utilizes a problem-driven, diagnostic approach, combining global comparative knowledge of reform successes and failures with keen understanding of the institutional challenges and opportunities of developing countries.
The World Bank Group serves 30 client countries in the Latin America and the Caribbean Region (LCR). Clients range from large rapidly growing sophisticated middle-income clients to IDA countries, to small Caribbean states, to one fragile state (Haiti). Despite immense resources, dynamic societies, and an average annual per capita income of about US$4,000, deep inequalities persist in most LCR countries, with nearly a quarter of the Region's people living in poverty. The World Bank Group's operational strategy in LCR is focused on supporting the foundations for inclusive growth, investing in human capital and protecting the poor, and building resilience.
The World Bank in Latin America and the Caribbean: https://www.worldbank.org/en/region/lac
The Financial Management (FM) unit of the GGP in LCR has the following key functions: (i) carrying out high quality financial management services (i.e. project preparation and implementation support) in Bank-financed operations and advancing the use of country Public Financial Management (PFM) systems to enhance development effectiveness; (ii) supporting partner countries in enhancing their PFM performance and capacity, working collaboratively with other Global Practices (GPs) and regional and corporate Bank units; and (iii) supporting partner countries in developing their professional accountancy institutions, and corporate financial reporting performance (including accounting and auditing standards).
The Unit is looking for a Senior Financial Management Specialist (FMS) based in Washington, D C to work with LCR countries as part of the FMS regional portfolio. The FMS will be part of the regional GGP staff and will report to the Practice Manager of the Unit.
Duties and Accountability:
The Senior Financial Management Specialist (FMS) will work on all financial management (FM) aspects of our operations in LCR Countries, as required by the Practice Manager. This will include:
Part I. Fiduciary Assurance Functions
The Senior FMS is expected to take a proactive role in providing advice and support to clients and for coming up with agile and innovative approaches to strengthening fiduciary assurance over the use of funds.
Part II. Public Financial Management (PFM) Functions
The Senior FMS is expected to undertake an active role, and when applicable lead initiatives on:
PFM supporting partner countries in enhancing their PFM performance capacity ranging from FM information systems integration, treasury and accounting reforms, performance budgeting, fiscal transparency, among others, working collaboratively with other Bank units;
Public Institutions, supporting partner countries in developing their professional accountancy institutions, and corporate financial reporting performance (including accounting and auditing standards); and
Supporting SAI's as part of Transparency, Accountability and Good Governance to improve the quality and transparency of fiscal and financial information, strengthen accountability, and increase collaboration between governments, the private sector and civil society.
Part III: Other Functions:
Support the Practice Manager in work program discussions, business development and supervising the quality and timeliness of unit work program deliverables;
Contribute to corporate tasks such as the preparation of country briefs, policy and thematic notes, and regional, Global Practice, and corporate knowledge products;
Represent the Practice Manager in corporate and regional meetings as requested.
The selected candidate will work with designated country teams, which includes Task Team Leaders, and other technical specialists, and Administrative and Client Service (ACS) staff. The selected candidate will be required to undertake frequent travel within LCR countries.
Note: There are 2 open Senior Financial Management Specialist positions to fill.
A highly motivated and passionate senior financial management specialist with strong client orientation, interpersonal and integrative thinking skills;
A qualified professional accountant (CPA, CA, ACCA or equivalent membership of an internationally recognized professional accountancy body);
A Master's degree in a relevant field (e.g., accounting, public financial management, finance, public policy) or another related field;
At least 8 years of relevant professional experience;
Relevant professional experience in public sector financial management and PFM analytical work, including among others treasury management, budget execution, internal controls, public sector accounting and fiscal reporting, auditing of public finances;
Strong Knowledge of PFM Systems;
Relevant knowledge and experience in World Bank or other multi-lateral development banks' operations would be a distinct advantage;
Experience in Project management, including leading, coordinating and exercising quality control functions over junior staff and consultants' outputs;
Strong written and verbal communication skills in English and Spanish is required;
Written and verbal communication skills in French and/or Portuguese is desirable;
The WBG Core Competencies: https://bit.ly/2kbIA7O
Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.