Financial Management Specialist
Thimphu
- Organization: World Bank Group
- Location: Thimphu
- Grade: Mid level - GF - Professional and Technical
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Occupational Groups:
- Operations and Administrations
- Banking and Finance
- Impact investing, Social venture capital
- Closing Date:
Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity, and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visitwww.worldbank.org
The South Asia Region (Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka) is at a crucial stage of development. Rapid economic growth, driven by urbanization and demographic dividend, has brought down poverty rates, but severe forms of exclusion and disparities based on ethnicity, caste, and gender remain. Rapid growth has also come with congestion and pollution in cities. South Asia is more than other regions affected by changes in temperature and extreme weather event. Additional challenges are that South Asia is underperforming in exports, has large informal sectors and low female labor force participation rates. All these challenges must be addressed to secure rapid growth in coming decades. Private sector led growth, focused on investments in infrastructure, energy, logistics and cities are essential to generate the jobs needed to employ South Asia’s sizeable youth population. At the same time, the region needs to continue building human capital so that South Asia’s population is well equipped for the jobs of the future.
The World Bank in South Asia:https://www.worldbank.org/en/region/sar
The Financial Management (FM) unit within the Governance Global Practice (GGP) in Bhutan has three primary functions: (i) delivering high-quality financial management services, including project preparation and implementation support for Bank-financed operations, and promoting the use of national Public Financial Management (PFM) systems to strengthen development outcomes; (ii) collaborating with partner countries to improve their PFM performance and capacity, in close partnership with other Global Practices (GPs) and regional and corporate Bank units; and (iii) supporting partner countries in advancing their professional accountancy institutions and enhancing corporate financial reporting standards, including accounting and auditing practices.
The Unit is seeking a Financial Management Specialist (FMS) to be based in Thimphu, Bhutan at level GF for 3 years term Local Recruited Staff appointment. The FMS will be part of the regional GGP team and report directly to the Unit’s Practice Manager based in Washington.
Duties and accountabilities:
The Financial Management Specialist (FMS) will support World Bank Group-financed projects and programs by performing a range of financial management (FM) duties and providing advisory and technical assistance. Key responsibilities include:
• Assessing the financial management arrangements for new and ongoing projects to ensure adequacy and compliance with World Bank standards.
• Providing implementation support and supervision for projects financed by loans and grants, ensuring adherence to the Bank’s fiduciary and audit requirements.
• Delivering capacity-building support to project staff within client governments and enhancing public financial accountability.
• Conducting capacity-building activities in collaboration with the Governance team.
• Contributing to the development of policy and thematic notes, as well as regional, Global Practice, and corporate knowledge products.
• Advising clients with agile, innovative approaches to strengthen fiduciary assurance and ensure funds are used effectively.
• Leveraging knowledge and experience in public sector financial management to support partner countries in building partner country Public Financial Management (PFM) capacities.
The South Asia Region (Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka) is at a crucial stage of development. Rapid economic growth, driven by urbanization and demographic dividend, has brought down poverty rates, but severe forms of exclusion and disparities based on ethnicity, caste, and gender remain. Rapid growth has also come with congestion and pollution in cities. South Asia is more than other regions affected by changes in temperature and extreme weather event. Additional challenges are that South Asia is underperforming in exports, has large informal sectors and low female labor force participation rates. All these challenges must be addressed to secure rapid growth in coming decades. Private sector led growth, focused on investments in infrastructure, energy, logistics and cities are essential to generate the jobs needed to employ South Asia’s sizeable youth population. At the same time, the region needs to continue building human capital so that South Asia’s population is well equipped for the jobs of the future.
The World Bank in South Asia:https://www.worldbank.org/en/region/sar
The Financial Management (FM) unit within the Governance Global Practice (GGP) in Bhutan has three primary functions: (i) delivering high-quality financial management services, including project preparation and implementation support for Bank-financed operations, and promoting the use of national Public Financial Management (PFM) systems to strengthen development outcomes; (ii) collaborating with partner countries to improve their PFM performance and capacity, in close partnership with other Global Practices (GPs) and regional and corporate Bank units; and (iii) supporting partner countries in advancing their professional accountancy institutions and enhancing corporate financial reporting standards, including accounting and auditing practices.
The Unit is seeking a Financial Management Specialist (FMS) to be based in Thimphu, Bhutan at level GF for 3 years term Local Recruited Staff appointment. The FMS will be part of the regional GGP team and report directly to the Unit’s Practice Manager based in Washington.
Duties and accountabilities:
The Financial Management Specialist (FMS) will support World Bank Group-financed projects and programs by performing a range of financial management (FM) duties and providing advisory and technical assistance. Key responsibilities include:
• Assessing the financial management arrangements for new and ongoing projects to ensure adequacy and compliance with World Bank standards.
• Providing implementation support and supervision for projects financed by loans and grants, ensuring adherence to the Bank’s fiduciary and audit requirements.
• Delivering capacity-building support to project staff within client governments and enhancing public financial accountability.
• Conducting capacity-building activities in collaboration with the Governance team.
• Contributing to the development of policy and thematic notes, as well as regional, Global Practice, and corporate knowledge products.
• Advising clients with agile, innovative approaches to strengthen fiduciary assurance and ensure funds are used effectively.
• Leveraging knowledge and experience in public sector financial management to support partner countries in building partner country Public Financial Management (PFM) capacities.
We do our best to provide you the most accurate info, but closing dates may be wrong on our site. Please check on the recruiting organization's page for the exact info. Candidates are responsible for complying with deadlines and are encouraged to submit applications well ahead.
Before applying, please make sure that you have read the requirements for the position and that you qualify.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.