World Bank

The World Bank Group is a unique global partnership of five institutions driven by a bold vision to create a world free of poverty on a livable planet. As one of the largest sources of funding and knowledge for developing countries, we help solve the world’s greatest development challenges. When you join the World Bank Group, you become part of a dynamic, diverse organization with 189 member countries and more than 120 offices worldwide. We work with public and private sector partners, invest in groundbreaking projects, and use data, research, and technology to bring tangible and transformative change around the globe. For more information, visit www.worldbank.org

VPU Context:

The Operations Policy and Country Services (OPCS) of the World Bank plays a pivotal role in achieving the World Bank Group’s (WBG) mission. OPCS is at the center of the ‘operations complex’ and plays a critical role in supporting the Bank’s leadership on all issues related to Bank operations. OPCS develops and oversees operational policies and their modernization, including the VPU’s readiness to support the WBG ambition on scale, speed and impact. OPCS provides advice and support to the Managing Director of Operations to ensure delivery of strategically aligned, innovative, impactful financing and analytical work while managing risks. It also helps teams, including through hands-on assistance, to apply the Bank’s policies, processes, and risk management tools for our clients. Working in OPCS helps World Bank professionals gain broad exposure to strategic operations issues and develop a deeper understanding of the business of the Bank. (link:https://worldbankgroup.sharepoint.com/sites/opcs)

Duties and Responsibilities:

The Director and Chief Financial Management Officer (CFMO), is accountable for performing the responsibilities, modeling the behaviors and maintaining the technical competencies (listed below) in his or her capacity as a Director of the Operations Standards and Financial Management (OPSPF) department in OPCS. Accountability means being answerable for managing quality, risks, results, institutional initiatives and compliance with Bank policies and procedures.

The Director and CFMO is responsible for performing roles in the following areas:

• Creating the appropriate policy environment for operational excellence for Financial Management.
• Overall leadership, direction and guidance to the Department, and responsibility for the unit’s budget, human resources, and work program delivery. In addition to close interactions with Regional and Vertical teams, the Department interacts frequently with Senior Management, the Board, and Board Committees.
• General oversight, coordination, monitoring and consistency of the Financial Management (FM) framework, including, interpreting, proposing or concurring with revisions to (i) the FM aspects of IPF, PforR and DPF Policies, Directives and Procedures, and (ii) Directive on FM in Bank-Financed Operations and •Other Operational Matters. Issuing new, revising and interpreting existing FM Guidance.
• Overseeing and monitoring the overall implementation of the FM arrangements in Bank-financed operations, including quality assurance, coordinating across Regions for consistency.
• Reporting on status and progress of FM arrangements to senior management and the Board.
• Chairing the Professional Accreditation and Standards Panel (PASP) for Financial Management and deciding on the accreditation requirements and acceptability of qualifications and experiences for FM Staff recommended by Regional Practice Managers responsible for the Financial Management (PMFM) for accreditation.
• Chairing the Financial Management Operations Review Committee (FMORC) and deciding on requests for audit exceptions in accordance with applicable Bank Procedures.
• Leading and representing the Bank, in collaboration with relevant knowledge verticals, regions, and other units, as appropriate, in operational FM matters, both internally and externally, including, on global partnerships with standard setters and their public interest bodies, the harmonization of Bank FM arrangements and procedures, and dialogue on operational FM matters with other multilateral or bilateral organizations, United Nations organizations, and development agencies.
• Overseeing design, maintenance and upgrade of FM operational systems in collaboration with relevant units.
• Leading corporate FM risk reviews and portfolio monitoring, ensuring the Bank's FM work on managing operational risk is consistent with evolving corporate approaches and international practices as appropriate in coordination with other relevant units.

People Talent Management:

• Model exemplary WBG leadership values and managerial behavior and reinforce these qualities in the management team and staff.
• Implement and monitor compliance with talent management, diversity, and inclusion plans.
• Develop and implement appropriate strategies for global staffing, learning, and career progression.
• Drive and encourage excellence by creating an environment of learning and innovation that attracts and develops the best talent reflective of the diversity of our clients.

Knowledge Management:

• Lead on and collaborate with knowledge verticals and PMFMs in designing FM training.
• Engage and collaborate with managers and staff across the WBG on relevant issues in operations.
• Ensure timely flow and dissemination of knowledge in operations to provide high-quality support to clients.
• Encourage a culture of evidence-based engagement for high development impact.

Resource Management:

• Manage the department's budget to support the implementation of the Directorate strategy.
• Ensure accountability for delivering the work program through cost-effective use of resources (human and budget) within the agreed parameters and in •compliance with internal WBG fiduciary and safeguard controls and policies and ensures timely delivery and overall quality of output.
• Implement an appropriate risk management framework.