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Senior Financial Management Specialist

hace 3 meses

Lima, Perú World Bank Group A tiempo completo

Job #:

- req20536
Organization:

  • World Bank
    Sector:
  • Financial Management
    Grade:
  • GG
    Term Duration:
  • 4 years 0 months
    Recruitment Type:
  • International Recruitment
    Location:
  • Lima,Peru
    Required Language(s):
  • English and Spanish
    Preferred Language(s):

Closing Date:

  • 1/9/2023 (MM/DD/YYYY) at 11:59pm UTC
    Description

VPU/Region Position Context

Equitable Growth, Finance, and Institutions Practice Group:
The Equitable Growth, Finance, and Institutions Practice Group (EFI) is one of the World Bank Group's four Practice Groups.

EFI's mandate is "Growth, Finance, and Institutions for all." Our approach is to leverage public and private sector expertise, together with International Finance Corporation (IFC), to support a data-driven reform agenda.

EFI supports clients in advancing evidence-based structural reforms to build the foundations for inclusive and sustainable growth.


EFI is composed of four Global Practices (GPs): Macroeconomics, Trade, and Investment (MTI), Finance, Competitiveness, and Innovation (FCI), Poverty and Equity (POV) and Governance (GOV).


Governance Global Practice Context


An effective and accountable governance framework, in the form of functioning institutions, is a necessary precondition for sustainable poverty reduction.

Fragile, ineffective, or inexistent institutions have long been put forward as explaining the relative underperformance of economies.

Furthermore, poor governance and structural deficiencies in public and private institutions are often prevalent in fragile and conflict affected states.

On the other hand, cross-country empirics have confirmed that higher institutional quality is correlated with higher levels of per capita income and greater economic growth.

Thus, governance mechanisms and institutions are critical to sustained growth and poverty alleviation.

Regional Context
The World Bank Group serves 31 client countries in the Latin America and the Caribbean Region (LCR).

Clients range from large rapidly growing sophisticated middle-income clients to IDA countries, to small Caribbean states and, to one fragile state (Haiti).

Despite immense resources, dynamic societies, and an average annual per capita income of about US$4,000, deep inequalities persist in most LCR countries, with nearly a quarter of the Region's people living in poverty.


Country Management Unit (CMU) Context


The LC6 Country Management Unit (CMU) is responsible for Bank operations in Bolivia, Chile, Ecuador and Peru, and is composed of a decentralized office in Lima, where the Country Director (CD) is based, an Anchor Office at Headquarters; and Country Offices in Quito, La Paz, and Santiago.

The CMU oversees a wide range of Bank activities, including a large number of financial services (over 40 projects under implementation with commitments of around US$6 billion) and a strong yearly pipeline of around US$1 billion per year (average), as well as a strong program of over 30 innovative knowledge, reimbursable and convening activities.


Unit Context


The Financial Management (FM) unit of the GGP in LCR has the following key functions: (i) carrying out high quality financial management services (i.e.

project preparation and implementation support) in Bank-financed operations and advancing the use of country Public Financial Management (PFM) systems to enhance development effectiveness; (ii) supporting partner countries in enhancing their PFM performance and capacity, working collaboratively with other Global Practices (GPs) and regional and corporate Bank units; and (iii) supporting partner countries in developing their professional accountancy institutions, and corporate financial reporting performance (including accounting and auditing standards).


The Unit is recruiting a Senior Financial Management Specialist (FMS) based in Lima, Peru to work with LC6 countries (Bolivia, Chile, Ecuador and Peru).

The Senior FMS will be part of the regional GGP staff and will report to the Unit Practice Manager.

Duties and Accountability

  • Undertake financial management assessments for selected high risk and or complex operations, including assessing the adequacy of project FM arrangements, providing implementation support and supervising projects;
  • Promote effective reliance on country systems as deemed appropriate, greater use of technology for fiduciary due diligence and implementation support and streamlining of FM and disbursement processes.
  • Contribute high quality inputs to country strategy documents.
  • Provide strategic advice and support to the CMU and other Global Practices, especially with regards to FM in service delivery.
  • Manage the preparation and supervision of assigned tasks and deliverables, ensuring timely and quality delivery with efficient budget management.
  • Generate and exchange knowledge relating to FM and PFM issues.
  • Promote and undertake activities aimed at building client institutional capacity