Senior Financial Management Specialist

Senior Financial Management Specialist

Description

The selected candidate will bring comprehensive experience in fiduciary risk management, quality assurance, public financial management (PFM), strengthening financial management country systems, policy dialogue, analytical and advisory services and financial management oversight in operations, in addition to strong communication and client engagement skills. 

East Asia and Pacific (EAP) is among the world’s fastest growing, most dynamic regions. The World Bank partners with countries across EAP to promote economic growth and job creation, strengthen human capital, and advance sustainable energy, water, and agriculture for a resilient and prosperous future for all.

• Promoting long term growth and jobs by partnering with governments and other stakeholders to shape policies, enable innovation, finance investments, and catalyze private capital

• Building resilience by addressing climate risks, reducing pollution, supporting climate smart agriculture, and transitioning to clean and renewable energy

The Governance -Financial Management (FM) unit (EEAG2), is part of the Prosperity Department in EAP. EEAG2 provides fiduciary assurance services to 22 client countries across seven CMUs.  The unit is responsible for the implementation of the Bank’s FM framework for Bank-financed operations, delivering high quality FM services, throughout the project cycle. The Unit also undertakes analytical FM work and country fiduciary assessments. The services provided by the unit include (i) fiduciary assurance; (ii) FM risk management, oversight and monitoring; (iii) quality assurance of FM services; (iv) country portfolio reviews; (v) contributions to country engagement products; (vi) supporting partner countries in enhancing their fiduciary and public financial management systems performance and capacity; (vii) supporting partner countries in developing their professional accountancy institutions, and corporate financial reporting performance (including accounting and auditing standards); (viii) supporting partner countries in developing their internal and external oversight institutions e.g Internal Audit Departments and National Audit Offices. The unit works collaboratively with other departments, global, regional and corporate Bank units.

The Senior Financial Management Specialist (SFMS) will be based in Jakarta, Indonesia and will be required to support the Bank’s program in Indonesia and Timor Leste and will report to the Practice Manager of the Unit. The SFMS is responsible and accountable providing oversight and quality assurance on operation-level FM support, representing the unit in discussions with the country management unit, taking a proactive role in providing advice and support to clients and for producing agile and innovative approaches to strengthening fiduciary assurance over the use of funds. Leading lending operations in Public Financial Management. Specific duties include:

•Providing quality assurance on FM for high risk and complex operations. 

•providing implementation support and supervising projects financed by loans and grants;

•implementing Bank FM operational systems;

•reviewing audit reports, taking appropriate action on any issues arising from the audits and recommending actions in case of non-compliance;

•ensuring that the project operations are carried out in accordance with sound financial management practices;

•leading the preparation and implementation support for Public Financial Management related lending operations. 

•leading the provision of FM advice and guidance to the country management unit (CMU) and keep them apprised of key fiduciary issues and provide substantive technical input into policy and strategic work related to country engagement products;

•carrying out capacity building activities as part of the Institutions team;

Selection Criteria

• A highly motivated and passionate financial management professional with strong fiduciary and  PFM experience, client orientation, interpersonal and integrative thinking skills
• A qualified professional accountant (CPA (Certified Public Accountant), CA (Chartered Accountant), ACCA (Association of Chartered Certified Accountants) 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
• In depth knowledge in the areas of FM risk management
• In depth knowledge and experience of managing integrity risks in operations (fraud and corruption);
• In depth knowledge and experience in supporting the strengthening of accounting, financial reporting and accountability systems in client countries
• Project management knowledge and understanding
• In depth knowledge of Public Financial Management Systems budget cycle including budget preparation, treasury, budget execution, internal controls, accounting and fiscal reporting, internal auditing, external auditing and oversight
• Strong written and verbal communication skills in English

WBG Culture Attributes:

1. Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
2. Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
3. Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.

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.