Senior Financial Officer - GG

World Bank Group

Description

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Background /General Description:

These include the International Development Association (IDA), the World Bank's fund for the poorest, the International Bank for Reconstruction and Development (IBRD), Trust Funds (TFs), and Financial Intermediary Funds (FIFs).

Given the nature and variety of this portfolio, DFi works closely with the President's office, Executive Directors, WBG senior management, corporate and operations units across the WBG, funding partners, and government officials. As such, DFi is structured to provide the institution with a more holistic approach to financing, financial policy, and strategic fundraising across IDA, IBRD, TFs, FIFs, and partnerships.

In addition, the Department is closely involved in designing and establishing new, multi-donor partnership initiatives underpinned by Trust Funds and FIFs, and setting the policy and procedural framework for Trust Funds, FIFs and Partnerships in a manner that complement IDA and IBRD.

Located within the DFTPR Department, the Financial Intermediary Funds and Digital Solutions and Analytics (FIFDA) is responsible for (1) providing policy advice, management of donor relations, portfolio monitoring, and financial and investment management for the FIFs; and (2) leading the digital deliverables to support External Funds, and production of TF Annual Report, and value-added analytics for FIFs, TFs, co-financing and aid architecture.

FIFDA seeks a proactive and highly motivated Senior Financial Officer (Level GG) who will be responsible for financial trusteeship and risk management of FIFs as well as implementing other FIFDA responsibilities.

Duties and Accountabilities:

DFTPR is seeking an exceptional Senior Financial Officer (SFO), who will be part of a team of professionals of the Financial Intermediary Funds, Digital Solutions and Analytics (FIFDA). The SFO will report to the Manager of FIFDA and will be supervised and guided by the Cluster Lead for Policy and Client Services.

• Team lead and manage existing and/or new initiatives as they are designed, negotiated, implemented and managed by DFTPR, with responsibility for financial arrangements, management and transactions, reporting, controls, secretariat and governing entity support, and coordinating with donors, across Bank VPUs and with other stakeholders;
• Represent the World Bank as Trustee at FIF governing body meetings, events, and in day-to-day operations, negotiations, and other activities with Secretariats, governing bodies, contributors, recipients and other stakeholders;
• Develop strong relationships with donors, partner agencies and secretariats with respect to new initiatives and funds;
• Write clear and convincing analytical papers and briefing notes for the Bank's Executive Directors and governing bodies of FIFs;
• Prepare oral and written briefings and communications to Senior Management;
• Provide strategic, programmatic, finance, fiduciary and operational guidance on the management of financial intermediary funds;
• Research and analyze complex financial transactions, including through financial modeling and projections, as well as associated economic and other issues.
• Identify financial risks associated with donor initiatives, such as foreign exchange, interest rate, credit and liquidity risks, and develop strategies for their mitigation;
• Review financial reports for selected FIFs and interact with internal and external auditors as required.

• Support cross-unit initiatives and bank-wide initiatives including participating in discussions pertaining to FIFDA's financial operations and risk management as well as improving business processes and strengthen risk management for delivering FIFDA's mandate.

• Relevant advanced degree (such as in finance, economics, business, law) with eight or more years relevant experience.
• Strong conceptual, technical and analytical skills supporting an advanced capacity to understand diverse aspects of legal, financial and economic issues and transactions, and to pull them together into a "big picture" approach.
• Finance experience and the ability to understand financial and structural aspects of complicated initiatives, transactions, and programs. A professional finance qualification will be an asset.
• Excellent written and oral English communication skills; ability to communicate ideas effectively and to write quickly and clearly under pressure.
• A facility for quickly and knowledgeably drafting persuasive, succinct briefing notes, papers and talking points on complicated, quick-moving issues.
• Demonstrated ability to work effectively with donors and other clients, and the capacity to act as a spokesperson/advocate including political judgment and both diplomatic and negotiating skills.
• Proven track record of successful business development, implementation and management of complex programs and/or projects.
• Knowledge of global development issues; knowledge of Bank products, services and policies; knowledge of and experience with FIF/TF management; and/or familiarity with the Bank's financial structure and products would be helpful.

Key Competencies

The preferred candidate must demonstrate the following competencies:

• Communication: communicate (both written and oral) to effectively share and exchange information. Able to write well, listen actively, obtain necessary input, share ideas, speak persuasively, and convey information in a clear, objective, and concise manner.
• Collaboration within teams and across boundaries: collaborate and work with others across and outside of the World Bank Group to achieve the best results for clients; maintain a WBG corporate mindset above an individual or team perspective.
• Leadership and innovation: take initiative and be persistent in their drive for results; seek opportunities to improve and find innovative solutions to problems; inspire and encourage others to have a positive attitude and impact; be able to adapt to changing circumstances and be bold to increase the Bank's Group's effectiveness.
• Smart decision-making: balance the need for making empirically based sound decisions with a sense of urgency by making quick, timely, and relevant decisions; be good problem solvers.
• Results for clients: address the needs and challenges of clients; hold themselves accountable and take personal ownership for identifying and managing risks and delivering evidence-based results.
• Client understanding and advising strive to add value to clients in the business; understand the critical forces that shape clients' needs.
• Policies and procedure: understand and apply relevant TF and FIF policies and procedures in executing responsibilities.

Other Competencies:

• Knowledge creation, application, and share their expertise; create and contribute to the WBG's body of knowledge; and efficiently reflect and draw on lessons from colleagues; expand their professional networks in their areas of expertise.
• Broad business thinking: solicit information on WBG/VPU direction, goals and industry competitive environment to determine how own area can add value to the organization and to clients. Makes decisions and recommendations clearly linked to the organization's strategy and financial goals.
• Project management: plans, organizes, monitors and controls work program and tasks using appropriate tools, methodologies and processes.
• Analytical thinking: able to break down raw information and undefined problems into specific, workable components that in-turn clearly identify the issues at hand. Make logical conclusions, anticipate obstacles and consider different approaches that are relevant to the decision-making process.
• Risks and controls: assess risks and maintain an effective and efficient internal control environment. Able to identify and assess risks, including identification of mitigating controls.
• Information technology and systems: utilize information technology to support business operations. Experience with SAP system solutions for analytics and reporting for external funds, audits and financial risk management is desired.

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.

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Job type: Staff (Permanent and Fixed Term)