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Financial Risk Management Consultant, FINB


  • Organization: WFP - World Food Programme
  • Location: Rome
  • Grade: Consultancy - International Consultant - Internationally recruited Contractors Agreement
  • Occupational Groups:
    • Accounting (Audit, Controlling)
    • Banking and Finance
    • Internal audit, Investigation and Inspection
    • Disaster Management (Preparedness, Resilience, Response and Recovery)
  • Closing Date: Closed

WFP celebrates and embraces diversity. It is committed to the principle of equal employment opportunity for all its employees and encourages qualified candidates to apply irrespective of race, colour, national origin, ethnic or social background, genetic information, gender, gender identity and/or expression, sexual orientation, religion or belief, HIV status, physical or mental disability.




Job Title:Financial Risk Management Consultant


Type of Contract:Regular Consultant, Level II 


Division: Business Development Cash-Based Transfers (CBT) Unit, FINB


Duty Station (City, Country):Rome, Italy 


Duration: 11 months





Cash-based transfers (CBT) represent an increasing share of WFP’s total humanitarian assistance (34 percent in 2021), and include assistance distributed as physical banknotes, e-money, mobile money, vouchers or debit cards. In 2021, WFP transferred US$2.3 billion to 41.8 million people in 69 countries, empowering them to meet their essential needs.


In support of WFP’s global scale up of cash-based transfers, the Finance function through the Business Development and Cash Based Transfers Branch (FINB) is developing corporate tools and guidance, aiming to strengthen CBT operations’ risk management and ensure efficient utilization of WFP’s financial resources. FINB also provides day-to-day technical advice and assistance to WFP Regional Bureaus (RBs) and Country Offices (COs) while also undertaking a range of innovative activities and staff capacity-building initiatives.




The Consultant will undertake the following tasks:


  • Provide guidance, support, trainings, and technical advice to Regional Bureaus and Country Offices on CBT and related financial management processes, CBT financial risk management, internal control applications and other relevant information.
  • Actively contribute to setting standards and developing corporate strategies, policies and financial risk appetites according to which the WFP is expected to identify, assess, manage, control, test and oversee CBT related financial/compliance/regulatory/others of similar nature risks (“CBT risks”) to ensure compliance with applicable policies and best market practices, including undertaking of relevant assessment and reviews aiming at identifying procedural gaps, obsolete policies and guidelines. Provide technical, including transactional level, support to the RBs and COs on the CBT financial and budgeting issues, including WINGS transactional and business process requirements.
  • Support in innovative financial solutions to achieve programmatic goals, develop and implement improvements to financial policies, systems and procedures in order to improve efficiency and effectiveness of operations, minimize risk, and align services with business objectives.
  • Lead on the implementation and expansion of the Cash Transfer Service (CTS) framework, through active engagement with HQ cross functional CBT teams, supporting Country Offices in providing CBT services to external users. Provide guidance, including transactional level, support to the COs on the use and accounting treatment of CTS.
  • Lead and contribute to CTS design and conduct targeted research to enable WFP’s approach with appropriate financing model. Provide a clear description of the principles and policy considerations that will guide WFP approach to full cost recovery for cash transfer service.
  • Manage the CBT Special Account ensuring timely recording of Management Cost Recovery (MCR) transactions, analyse Income and Expenditure, and compliance with MCR framework.
  • Acquire data from primary or secondary data sources and develop financial databases, reconciliations, data collection systems, data analytics and other strategies that optimize efficiency and quality of financial information.
  • Identify, analyse, and interpret trends or patterns in complex financial data sets, integrated with operational data, where required, to provide insightful information.
  • Undertake CBT related financial risks analysis of WFP operations with an objective to identify and address organizational exposure to risks, collection and dissemination of lessons learnt. Engage with cross functional units on non-financial CBT risks.
  • Design, implement, monitor and analyse FINB budgets for new and ongoing projects according to the established corporate procedures and requirements.
  • Demonstrate leadership and functional skills by effectively leading a team and building staff capabilities for high performance results.
  • To contribute to following up and /or coordinating with RB/COs for audit requests and on progress regarding the implementation of CBT related audit and evaluation recommendations.
  • Collaborate closely with cross-functional teams to successfully develop the corporate CBT policies and procedures and participate in key functional and cross-functional initiatives.
  • Perform other duties as required.







Advanced University Degree in Finance, Business Administration, Accounting and related fields or first level degree in the same subject with additional years of related work experience.



Minimum 6 years of working experience within the areas of financial management, payment processing and business management

  • Applicable experience in financial risk management
  • In depth knowledge of WFP Finance and Programme guidance and processes, and latest developments in design of Cash-based Transfer interventions,
  • Experience in WFP Country Office and/or Headquarter with Financial management, analysis and oversight roles.


Knowledge & Skills:

  • Demonstrated ability to think in a strategic manner, and ability to work both independently and as part of a diverse team.
  • Detail-oriented with the ability to synthesize large amounts of data, summarize key concepts and articulate in audience appropriate ways.
  • Excellent communication skills, both written and oral in English.
  • Ability to draft clear concise reports on key issues and decisions within the delegated area of responsibility.
  • Track record of successfully building a team is desirable.



Fluency in oral and written English. Knowledge of other UN languages is an advantage.


Terms and Conditions:

WFP offers a competitive compensation package which will be determined by the contract type and selected candidate’s qualifications and experience.


Please visit the following websites for detailed information on working with WFP:

Click on: “Our work” and “Countries” to learn more about WFP’s operations.

Qualified female applicants and qualified applicants from developing countries are especially encouraged to apply. WFP has zero tolerance for discrimination and does not discriminate on the basis of HIV/AIDS status



Deadline for applications: Thursday, 15 December 2022

Please note that the deadline is at 11:59 pm Rome time (GMT + 1)


Ref.: VA No. 178636


Kindly note the only documents you need to submit at this time are your CV and Cover Letter. Additional documents such as passport, recommendation letters, academic certificates, etc. may potentially be requested at a future time.


All employment decisions are made on the basis of organizational needs, job requirements, merit, and individual qualifications. WFP is committed to providing an inclusive work environment free of sexual exploitation and abuse, all forms of discrimination, any kind of harassment, sexual harassment, and abuse of authority. Therefore, all selected candidates will undergo rigorous reference and background checks.


No appointment under any kind of contract will be offered to members of the UN Advisory Committee on Administrative and Budgetary Questions (ACABQ), International Civil Service Commission (ICSC), FAO Finance Committee, WFP External Auditor, WFP Audit Committee, Joint Inspection Unit (JIU) and other similar bodies within the United Nations system with oversight responsibilities over WFP, both during their service and within three years of ceasing that service.

This vacancy is now closed.
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