Sr Financial Management Specialist

World Bank Washington , DC 20319

Posted 4 weeks ago

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

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.

Regional Context

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:

Unit Context

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

  • assessing the adequacy of project financial management arrangements;
  • providing implementation support and supervising projects financed by loans and grants;
  • ensuring compliance with the Bank's audit and other FM requirements;
  • ensuring that the project operations are carried out in accordance with sound financial management practices;
  • performing analytical work on financial management and accountability issues; and
  • carrying out capacity building activities as part of the Governance team.

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.

Selection Criteria

  • 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:

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.

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Financial Management Systems Specialist Senior Consultant

Navigant Consulting

Posted 2 weeks ago

VIEW JOBS 5/8/2020 12:00:00 AM 2020-08-06T00:00 Overview Interested in working with talented people to help develop innovative solutions to some of society's most complex and challenging problems? We are Guidehouse, a leading consulting firm serving the public sector and commercial clients with specialized capabilities in strategy, technology, and risk management. You may not yet know our name, but we have a rich history. Guidehouse is a combination of PwC's former public sector practice and Navigant's deep expertise in energy, financial services and healthcare. We offer an exciting, fast-paced environment that fosters intellectual growth and rewards individuals based on impact, not tenure. Our firm is at the forefront of an emerging model solving complex problems that stretch across government and private companies, affording our people the opportunity to be on the cutting edge of the consulting profession. By focusing on markets facing transformational change, technology-driven innovation, and significant regulatory pressure, our employees also develop and deploy world class knowledge and problem solving that leads to breakthrough solutions. Responsibilities Our Finance consultants help clients optimize all elements of their finance organization, including operating model design, sustainable cost reduction, financial planning and analysis, management reporting, financial systems architecture, and full scale finance transformation. This high performing teams helps CFOs identify, design and implement programs that transform their finance function to meet today's demanding requirements while continuing to provide value added insights to the business. Qualifications * 5 years of information in technology and systems experience. * 3 years of experience in implementing transitioning or managing financial systems. * Security Clearance:TS/SCI CI Poly clearance is required * Bachelor's Degree required. Location: Bethesda, MD Additional Requirements * This position requires successful completion of a background check and employment verification. * The successful candidate must not be subject to employment restrictions from a former employer (such as a non-compete) that would prevent the candidate from performing the job responsibilities as described. * Master's or Bachelor's degree * Position location: Bethesda, MD Disclaimer About Guidehouse With a unique blend of large firm resources and an entrepreneurial collaborative culture, Guidehouse is where your purpose, passion, and expertise transforms organizations. Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. If you're passionately motivated to make a difference and deliver exceptional work, we invite you to learn more about your career opportunities at Additional Requirements * This position requires successful completion of a background check and employment verification. * The successful candidate must not be subject to employment restrictions from a former employer (such as a non-compete) that would prevent the candidate from performing the job responsibilities as described. Disclaimers Guidehouse is an Equal Employment Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, national origin, ancestry, citizenship status, military status, protected veteran status, religion, creed, physical or mental disability, medical condition, marital status, sex, sexual orientation, gender, gender identity or expression, age, genetic information, or any other basis protected by law, ordinance, or regulation. Guidehouse will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of applicable law or ordinance including the Fair Chance Ordinance of Los Angeles and San Francisco. If you have visited our website for information about employment opportunities, or to apply for a position, and you require an accommodation, please contact Guidehouse Recruiting at 1-571-633-1711 or via email at All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodation. Guidehouse does not accept unsolicited resumes through or from search firms or staffing agencies. All unsolicited resumes will be considered the property of Guidehouse and Guidehouse will not be obligated to pay a placement fee. Rewards and Benefits Guidehouse offers a comprehensive, total rewards package that includes competitive compensation and a flexible benefits package that reflects our commitment to creating a diverse and supportive workplace. Benefits include: * Medical, Rx, Dental & Vision Insurance * Personal and Family Sick Time & Company Paid Holidays * Parental Leave and Adoption Assistance * 401(k) Retirement Plan * Basic Life & Supplemental Life * Health Savings Account, Dental/Vision & Dependent Care Flexible Spending Accounts * Short-Term & Long-Term Disability * Tuition Reimbursement, Personal Development & Learning Opportunities * Skills Development & Certifications * Employee Referral Program * Corporate Sponsored Events & Community Outreach * Emergency Back-Up Childcare Program Navigant Consulting Washington DC

Sr Financial Management Specialist

World Bank