Employment Opportunities at World Bank Group, 25th September, 2019
The World Bank Group - 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 is organized into six client-facing Regional Vice-Presidencies, several corporate functions and thirteen Global Practices to bring best-in-class knowledge and solutions to regional and country clients.
We are recruiting to fill the position below:
Job Title: Extended Term Consultant (ETC)
Job #: req4429
Location: Abuja, Nigeria
Grade: EC2
Organization: World Bank
Sector: Financial Management
Recruitment Type: Local Recruitment
Term Duration: 1 year 0 months
Backgroud
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.
Global Practice for Governance:
- The Governance Global Practice (GGP) supports client countries to help build capable, efficient, open, inclusive, and accountable institutions that promote effective service delivery, facilitate private sector growth, and build citizen trust in government. The GGP provides financing, intellectual leadership and a reservoir of global experience to help countries develop practical reforms to address complex governance challenges.
- The GGP’s strategic priorities focus on five key areas:
- Strengthening public policy processes;
- Managing resources effectively;
- Supporting service delivery;
- Strengthening public-private interface; and
- Understanding underlying drivers and enablers of policy effectiveness. For more information, visit https://www.worldbank.org/en/topic/governance
Duties and Accountabilities
- We are seeking to engage an Extended Term Consultant (ETC) for the Nigeria Country Office with responsibilities for carrying out financial management (FM) work in respect of projects financed by the World Bank Group.
- You will be part of the FM unit within the Governance Team, reporting to the Global Governance Practice Manager (EA2G2) in the Africa Region.
- The successful applicant will work with teams in the Nigeria Country Office and the Governance Group, including colleagues in procurement, disbursement and other technical areas. While specific duties and responsibilities will be agreed with the Global Governance Practice Manager, you are expected to perform a full range of operational FM duties, working under the supervision of senior staff. These will include, but are not limited to:
- Assessing the adequacy of project financial management arrangements for new and ongoing projects covering staffing, budgeting, internal controls, accounting, treasury/funds flow, financial reporting, and auditing arrangements;
- Monitoring compliance in on-going projects with the agreed FM arrangements, the financial covenants including audit and applicable policies, procedures and instructions for FM;
- Conduct reviews of project expenditures, financial reports and audited financial statements, in conjunction with disbursement and procurement staff, to determine eligibility of expenditures for financing and identify any instances of non-compliance with applicable requirements.
- Supporting analytical and advisory work and technical assistance tasks on FM and public financial accountability.
- Providing training, guidance, and advice on FM related aspects to the staff of project implementing agencies and Bank Task Teams.
Selection Criteria
- Qualified professional accountant holding CPA, CA, CMA, CIPFA, or equivalent membership of an internationally recognized professional accounting institute with a Master’s degree in Accounting, Business, Finance, Economics or related subject and, at least, 5 (five) years of post-professional-qualification experience in auditing or financial management.
- Technical Proficiency required: Application of International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA); Designing and assessing internal control systems using internationally accepted control frameworks such as COSO, evaluating financial management systems; assessing auditor competence and independence; and evaluating / interpreting financial statements.
- Familiarity with public sector financial management and knowledge of International Public Sector Accounting Standards (IPSAS) and the International Standards of Supreme Audit Institutions (ISSAI) would be a distinct advantage. Experience in the design and implementation of computerized financial management systems is desirable.
- Strong analytical capabilities; planning, organization, and time management skills; and ability to function effectively as a member of a multi-disciplinary team.
- Fluency in both written and spoken English language is essential. Good working knowledge of Hausa or other local languages is desirable. Willingness and ability to travel frequently, sometimes at a short notice is necessary.
Competencies:
How to Apply
Interested and qualified candidates should:
Click here to apply online
Job Title: Operations Analyst
Job #: req4349
Location: Lagos, Nigeria
Grade: GE
Sector: Advisory Services
Term Duration: 3 years 0 months
Recruitment Type: Local Recruitment
Description
- Do you want to build a career that is truly worthwhile? The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. Visit www.ifc.org.
- FIG Advisory Services in Middle East and Africa is seeking to recruit highly-motivated Operations Analysts with demonstrated interest in development finance to support Advisory Services engagements in the region.
- The positions will be based in Lagos (Nigeria), Addis Ababa (Ethiopia), Luanda (Angola), Abidjan (Cote D’Ivoire), and Nairobi (Kenya).
- IFC, the private sector arm of the World Bank Group, promotes sustainable private sector growth and is the largest multilateral provider of financing for private enterprise in emerging markets. IFC invests in private sector institutions, mobilizes private capital in local and international financial markets and provides technical advisory and risk mitigation services to businesses. It focuses on investing in private sector projects that are financially and economically viable and have a substantial development impact.
- The Financial Institutions Group (FIG), one of IFC’s largest industry departments, is responsible for a significant portion of IFC’s business volume, profitability and development reach. FIG has three main objectives: 1) financial inclusion 2) servicing the real economy and 3) mobilizing third-party resources. To achieve these objectives, FIG invests in numerous financial subsectors and strengthens financial institutions across the region through Advisory Services (AS). The FIG AS program in Sub-Saharan Africa (SSA) is closely coordinated with investment operations and helps banks across the region to build or improve their operations across several focus areas: Micro, Small and Medium Enterprises (including Gender Finance and Non-Financial Services); Digital Financial Services; Risk Management; Microfinance; Agri-finance; and Climate & Sustainable Finance.
- The World Bank Group’s Equitable Growth, Finance and Institutions (EFI) Global Practice combines expertise in the financial sector with expertise in private sector development to foster private-sector led growth and help create markets in client countries. Through this work, EFI strengthens the World Bank Group’s evolving approach to development finance: to maximize finance for development and to leverage private sector investments for sustainable and inclusive growth. Within countries, EFI works with governments to create an enabling environment where financial stability, access to finance and risk management provide a foundation to crowd-in private sector investment, create capital markets, and accelerate equitable growth. The Practice focuses on six thematic areas: (i) Financial Stability & Integrity (ii) Financial Inclusion, Infrastructure & Access ((iii) Firms, Entrepreneurship, & Innovation (iv) Markets & Technology (v) Long-Term Finance (vi) Climate & Risk Management.
Duties and Accountabilities
- The Operations Analysts will support project teams in the preparation, administration, implementation and supervision of client projects, working in close collaboration with Country Office, EFI, Investment and Advisory Services teams.
- The Operations Analysts may work as part of a pool supporting the FIG Advisory services team with specific responsibilities for key administrative functions at the business line level (finance, budgeting, results measurement, communication, knowledge management, integrity due diligence, etc.), but with responsibilities on projects to encourage focus and professional development.
- The Operations Analysts will report to a designated staff member relevant to their primary function.
Responsibilities include but are not limited to:
Business Development Support:
- Perform desk research with respect to the market landscape. The analyst would be required to consider various in-country data sources, to have granular country level understanding of issues and advisory opportunities
- Keep abreast of market intelligence and developments globally, conducting desk research and preparing initial reports with findings, graphs, etc
- Develop financial models, budget analyses, and financial monitoring for projects
- Participate in key projects and take a lead on project/client analytics and report generation
- Participate in diagnostic missions, carry out quality review of the diagnostic reports of banks’ work streams, and help refine output quality. Prepare the market context and detailed analysis in presentations and reports
- Support project teams to organize appraisal missions, prepare meeting minutes, support appraisal mission follow-up steps as needed, and develop financial plans for missions
- Based on appraisal mission findings, support development of proposals for clients (including budget, pricing and costing research)
- Assist in processing internal documentation for project approval.
Portfolio Management Support
Project Support:
- Assist in the preparation of project supervision and completion reports, particularly tracking of key performance indicators against targets established at the onset of the project.
- Monitor project timelines to ensure updates on objectives are completed within the allowable timeframe.
- Ensure high data quality in all project documents and provide supplementary data gathering support for evaluations.
- Assist in planning the contents and context of conferences and other knowledge management events, including training events and workshops.
- Collaborate with project teams and senior consultants to carry out specific tasks including desk reviews, data analysis, financial projections, preparation of notes, taking minutes of meetings, writing memoranda, preparation of briefs and presentations.
- Work in partnership with project leaders and the donor relations team to prepare initial drafts of semi-annual donor reports, based on project supervision documents.
Finance and Budgeting:
- Monitor and update project budgets regularly to ensure that financial reporting is accurate, timely and aligned with internal financial systems and requirements.
- Manage interface with finance team on timely collection of client fees in line with legal agreements.
- Coordinate and manage the submission of consultant invoices to ensure accurate financial reporting within each quarter.
- Manage allocation of consultant and other project costs to the appropriate charge codes.
- Monitor charging of staff time to ensure accurate cost allocation against charge codes.
- Work with the Country Manager, regional and industry teams to monitor and update budgets and spend at both the project and aggregate levels and contribute to the financial projections reports on a quarterly basis.
- Track Trust Fund spend and availability monthly.
- Liaise with the finance donor team and Country/FIG Advisory teams on establishing new trust funds and charge codes.
Country and FIG/EFI Advisory Support:
- Assist FIG /EFI and the Country team in strategy building, coordination and implementation.
- Work closely with project teams and provide analytical and technical support.
- Support Project Leaders in achieving a high degree of standardization in client deliverables (pitch, proposals, workshops, product programs, strategy documents etc.) and enhancing quality in terms of content and analytics.
Selection Criteria
- Master’s degree and at least 4 years of relevant experience in the region, preferably working within the financial sector or with similar donor agencies/development finance institutions or consultancies.
- Experience working on similar areas (private sector and financial institutions) as well as on market research, surveys, data analysis, etc.
- Team player with good problem solving and analytical skills, with an ability to execute the tasks promptly and effectively.
- Organizational and communications skills, including the ability to represent IFC work credibly at the senior executive levels.
- Advanced user level proficiency in PowerPoint, Excel, Word is a must; report writing capabilities and ability to comprehend and analyze large amounts of data/information and translate them into ideas and actionable plans is required
- Strong command of English (written and verbal) is a must. In addition, French is mandatory for Abidjan location, and Portuguese for Luanda location.
- Proficiency in relevant research tools e.g. Factiva, IBM, MIX, Bloomberg, EIU, advanced google search, WBG databases).
Deadline: 7th October, 2019 at 11:59pm UTC.
How to Apply
Interested and qualified candidates should:
Click here to apply online