2 years 0 months
10/27/2019 (MM/DD/YYYY) at 11:59pm UTC
The World Bank Group Context
Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. In fiscal year 2018, the WBG committed $67 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $24 billion was concessional finance to its poorest members. It is governed by 188-member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.
The WBG consists of five specialized institutions:
the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID).
The World Bank operates under the leadership and direction of the president and organizational units responsible for regions, sectors, and general management.
The World Bank Group is a unique global partnership:
five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
The World Bank Group has set two goals for the world to achieve by 2030:
- End extreme poverty by decreasing the percentage of people living on less than $1.90 a day to no more than 3%
- Promote shared prosperity by fostering the income growth of the bottom 40% for every country
The World Bank is a vital source of financial and technical assistance to developing countries around the world.
The World Bank's operation in India includes support to the reform and development agenda of the country on urban and transport infrastructure, rural development and community livelihoods, human development, climate change and disaster risk management and finance and private sector. The current active World Bank portfolio in India comprises 101 projects with a total net commitment value of approximately US$25.4 billion.
The New Delhi Country Office of the World Bank is one of the Word Banks’ largest country offices with approximately 300 full time staff and many other consultants, temporary staff, and contractors. The Country Director and the Operations Manager are responsible for the overseeing the operations of the overall India program as well as the management of the New Country Office including ensuring safety of the staff and the efficient use of resources and assets.
The Senior Resource Management Officer’ (SRMO) position is located in the New Delhi, India Office. The position is part of the Budget, Performance Review and Strategic Planning (BPS) unit of the Bank, and in particular the BPS team supporting the East Asia Pacific and South Asia Regions (BPSES). BPSES is responsible for business planning, budgeting, work programming, and financial reporting for programs in both regions. In addition, BPSES staff in Country Offices perform accounting, payment processing, cash management and administration functions related to the country program. Overall, BPSES ensures that each department maintains cost efficiency and effective controls over all financial transactions.
The SRMO will work independently on diverse and complex issues, reporting to the BPSES Chief Administrative Officer (CAO) based in Washington D.C. The position has responsibility for effective financial management, including resource allocation for the India country program and play a regional in the South Asia Region as an advisor to other staff in BPSES in offices in the region. The SRMO plays a key role on: (i) integrating a complex range of topics e.g. business planning, financial management of Bank and Trust Fund (TF) resources, operational performance indicators, maintaining cost effectiveness and internal controls, and (ii) independently communicate complex analysis and findings directly to management. The SRMO will be the focal point on the financial and resource management work program in the New Delhi country office. The SRMO will be also expected to play a regional role on advising and mentor staff in SAR country offices on internal controls, business planning, and budget monitoring.
The position requires highly developed technical, analytical, systems skills, as well as team leadership, coaching and knowledge-sharing abilities based on in-dept knowledge on Bank fiduciary, budget, operations, and administrative processes. Initiative and excellent communications skills, both written and verbal, and interpersonal skills are a must.
Roles & Responsibility
Financial Management of Country Office Work Program and Resources.
Financial Control and Fiduciary Responsibilities:
- Accountability: Under the general direction of the CAO, is primarily responsible for the effective resource management of the work program and financial management in the country office. Oversees the financial management functions of the country office.
- Integration: Responsible for the integration of diverse of complex range of topics – country office strategy, inputs, business plans, financial management of Bank and TF resources, performance indicators, cost effectiveness, internal controls, into a single resource management work program for the country office.
- Business planning and Indicators: Plays a key role with the Management team in providing expert advice and guidance in the formulation of guidelines and instructions for the preparation of the business planning, resource planning, and business indicators. Exercises independent judgment during budget formulation (BB, TFs, and other cost-share/ revenue sources) and review by advising on resource allocation and reallocations for management decisions. Develops long-term expense plans linked to country strategy, work program and resource planning.
- Monitoring: Ensures that planned deliverables and budgets are aligned with Institutional and regional priorities, objectives, and guidelines. Implements effective processes to sustain monitoring of all aspects of resource management (e.g. budget, staffing, space, depreciation, etc.). Periodically reviews exception reports and takes remedial actions.
- Cost Analysis and Effectiveness: Independently handles complex data, analyzes impact on cost effectiveness and provides advice and solutions required; Monitors and refines work program efficiency parameters; Produces complex reports for management highlighting key messages to influence change.
Team Lead Role:
- Takes a lead role in designing, developing and monitoring an adequate system of risk management and internal controls over the country office’s and region’s financial transactions and business operations.
- Works with the Country Director and Manager of Operations to ensure a strong control environment in the office.
- Provides guidance, advice, interpretation and recommendations to the Country Director, Manager of Operations and staff on RM policies and procedures.
- Ensures that audit and quality assurance review recommendations are implemented.
- Leads the end of Fiscal Year retrospective exercises for the CMU.
- Exercises significant team leadership, encourages and promotes team spirit within the RM team.
- Coaches and mentors new recruits in overall RM related activities and institutional policies and procedures.
- Guides and supervises other RM staff on agreed processes.
- Oversees project management related to resource management work program, managing composition of teams, distribution of tasks and ensuring delivery of products to specifications.
General Administration and Human Resources
Reporting and Communicating and Liaison:
- Ensure that Bank’s assets and inventories are appropriately recorded and safeguarded
- Provide expert advice in development of administrative policies and practices in consultation with other units for the efficient and effective operation of the country office.
Other Duties and Responsibilities:
- Produces complex ad-hoc reports for country office management or the CAO’s office.
- Assist the Country Management in translating Bank’s and regional strategic directions into specific business plans for the unit,
- Proactively establishes and maintains interface with the client, providing high caliber support and reliable information. Actively participates in management team meetings.
- Provides guidance to junior staff on financial management and obtain guidance from relevant experts in accounting, as and when needed.
- Ensures effective back-up arrangement and timely submission of tasks/outputs.
- Provides support to managers and staff in accessing standard management reports available in Portal, SAP and other information systems.
- Manage benefit administration in the country office (financial assistance, housing for international staff)
- Provide input to Management on workforce planning.
- Liaise with local commercial house bank
- Provide advice on administrative procurement and attend review meetings of the Administrative Procurement Review Committee in the country office.
- Liaise with human resources team
- Master's Degree in Accounting, Business, Finance, or other relevant discipline required to fulfill position specific requirements (e.g. Economics, Public Administration, Information Systems, etc.) OR Bachelor’s Degree plus an internationally recognized professional accounting qualification (e.g. CPA, CA, ACCA, CGMA)
- Minimum eight years of relevant experience
- Statutory and other stakeholder reporting: Able to design stakeholder reports that are in compliance with relevant accounting standards and meet client’s needs. Engages auditors in meaningful discussion to satisfy their requirements and fairly represents entity interests.
- Planning and budgeting: Able to independently coordinate the work program and budget planning, formulation and allocation processes (including WPAs where applicable) at the VPU level, and to ensure timely submission in accordance with corporate deadlines. Able to monitor the funding position of the VPU at any unit level and lead the process of addressing funding issues, advising and supporting VPU management with respect to alternative courses of action, and implementing corrective action to address funding gaps and/or invest surplus funds (where applicable).
- Performance evaluation and reporting: Able to design and implement performance measurement systems that enhance an entity's ability to achieve strategic and operational priorities.
- Integrity and independence: Exhibits skills in recognizing potential conflicts of interest and takes steps to maintain independence in both fact and appearance. Ability to put the interests of stakeholders and employer ahead of unit, team or individual interests.
- Internal control and corporate procedures: Able to identify gaps or deficiencies across the internal control’s framework requiring intervention. Able to review internal controls, identify deficiencies and recommend improvements (including (re)designing and implementing new processes and systems of internal control to correct control deficiencies).
- Lead and Innovate: Innovative, lead and take initiative, adapt.
- Create, apply and Share Knowledge: Share expertise & learning, develop self & others, and expand networks.
- Deliver Results for Clients: Achieve impactful results, focus on client, take ownership/be accountable.
- Collaborate within Teams and Across Boundaries: Work collaboratively, be inclusive, exhibit corporate citizenship.
- Make Smart Decisions: Use analysis & judgment, take risks, and make timely decisions.
Poverty has no borders. Neither does excellence. This is why we continually search for qualified individuals with diverse backgrounds from around the globe. 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.