Program Manager - Budget and Financial Management Services – Fund for responding to Loss and Damage
Washington D.C.
- Organization: World Bank Group
- Location: Washington D.C.
- Grade:
-
Occupational Groups:
- Operations and Administrations
- Banking and Finance
- Project and Programme Management
- Managerial positions
- Impact investing, Social venture capital
- Closing Date:
Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group 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, please visit www.worldbank.org
At COP27 and CMA4, the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) and the Conference of the Parties serving as the Meeting of the Parties to the Paris Agreement (CMA) established funding arrangements to assist developing countries particularly vulnerable to climate change. This decision included the creation of the Fund for responding to Loss and Damage (FRLD), with a focus on providing support to affected nations.
At COP28 and CMA5, the COP/CMA formally approved the Fund’s Governing Instrument, designating it as part of the UNFCCC’s financial mechanism and placing it under the guidance of both COP and CMA. The decision authorized the FRLD’s Board to secure a hosting arrangement with the World Bank as an interim trustee for four years, which includes hosting the Fund’s secretariat. The World Bank has agreed to act as trustee and administer the Trust Fund in line with the COP/CMA’s stipulations. The FRLD Secretariat, hosted by the World Bank in Washington, D.C., supports FRLD governing bodies, manages institutional relations, aids in strategy, policy, and program development, and oversees management systems.
The FRLD Secretariat, led by the Executive Director (ED), coordinates FRLD’s strategic activities across its governing bodies, including the Board, and the World Bank (as Trustee and Secretariat host), and other stakeholders. It also drives thought leadership, manages portfolio risk, and develops initiatives to mobilize resources.
The Program Manager will report directly to the ED and receive direct oversight from the Deputy Executive Director (DED) as per agreed delegation of responsibilities. He/She will collaborate closely with the Secretariat staff and external stakeholders, including governments, multilateral development banks, UN agencies, vertical climate funds, donor organizations, and civil society.
The position is based in Washington, D.C., USA, and involves frequent travel.
Duties and Responsibilities:
• Trust Fund Establishment and Financial Management Systems: Support the setup of FRLD Trust Funds governed by World Bank policies and procedures, including the development of financial systems and implementation of financial monitoring and reporting frameworks to ensure transparency and accountability.
• Financial Management and Reporting: Oversee financial management of FRLD-managed trust, including budgeting, cost planning, fund allocation, performance monitoring, and the preparation of financial reports and analysis for the Board and stakeholders.
• Policy Compliance and Advisory: Provide expert guidance to the ED and DED on financial and fiduciary management in compliance with World Bank policies and procedures, including quality assurance efforts and ensure best practices in financial planning, risk mitigation, and reporting are followed.
• Coordination and Communication: Act as the primary liaison with World Bank units (e.g., DFi, LEG, WFA, TRE, BPS), the Trustee, the Secretariat, the Budget Committee, and other key stakeholders to facilitate coordination on all trust fund and financial management matters.
• Process Optimization and Strategic Oversight: Evaluate and optimize financial management processes related to FRLD trust funds to enhance efficiency, support strategic planning, and ensure alignment with resource mobilization and allocation strategies.
• Board Meetings and Consultations: Support the ED and DED in the engagement with Board members, alternates, and advisors on financial planning and budget-related matters, including coordinating under the supervision of the DED the Budget Committee preparation, conducting consultations with (prior to Board meetings) and presenting to (at Board meetings) the Board, conducting technical briefings based on request/need and coordinating with the Governance and Board Affairs team on the decision-making processes, including drafting decision text.
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.