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Senior Financial Officer

World Bank Group
Wenatchee, USA
Closing date
Jul 16, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Senior Financial Officer

Job #:

World Bank

Finance & Accounting


Term Duration:
4 years 0 months

Recruitment Type:
International Recruitment

Washington, DC,United States

Required Language(s):

Preferred Language(s):

Closing Date:
7/12/2024 (MM/DD/YYYY) at 11:59pm UTC


Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to join us to help our clients solve their greatest development challenges. The World Bank (WB) is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions (IBRD, IDA, IFC, MIGA, and ICSID) dedicated to ending extreme poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. 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, visit

The WB Finance & Accounting (WFA) Vice Presidency is responsible for all aspects of the financial reporting, internal control framework for IBRD and IDA, and the extensive Trust Fund/Partnership portfolio of the WB entities. It supports an appropriate fiduciary control framework and administering disbursements for Bank lending and leads the client service function for the WB's corporate expenses.

Organizationally, WFA is comprised of three departments: (1) Corporate Accounting and Reporting, (2) Trust Funds and Loans, and (3) Financial Controls. In WFA, our mandate supports both internal and external clients while we focus on delivery, optimization, impact, and people & culture.

Within WFA, the Structured Finance Division (WFASF) is responsible for product control functions for financial instruments including borrowings, derivatives, and investments for IBRD, IDA and Trust Funds except for pension funds. These include financial instrument product aligned accounting, determination of the lending rate of the Bank, producing valuation for the IBRD/IDA bonds, derivatives, and loans, set-up of financial models and valuation review, market data sourcing and verification, implementing accounting policies around financial instruments, independent price verification, financial instrument related data management and providing disclosure information for financial statements regarding these financial instruments.

The Senior Financial Officer will play a lead role in the delivery and oversight of internal reports and in coordinating enhanced digitalization and controls across the division. He/she will interact with counterparts in Finance (WFA, Chief Risk officer, Treasury, and Corporate Finance) and also with external counterparts especially MDBs. will represent the division in working groups related to new initiatives and new financial instruments.

What you will do:

• Lead the oversight and delivery of internal reports. Ensure accuracy of reports as well as collaborate with other MDBs to offer analytical insights, where appropriate.

• Coordinate across the division to enhance controls and implement a common controls augmentation framework.

• Coordinate across the division to enhance automation and digitalization using appropriate technologies.

• Analyze the results of sensitivity to market movements by utilizing relevant tools.

• Lead systems projects and initiatives.

• Coordinate with stakeholders across the World Bank and with other MDBs/banks.

• Provide training and direction to less experienced staff.

Selection Criteria

What you will bring:


• Professional finance/accounting qualification (CFA and / or CA, CPA, ACCA or equivalent accounting qualification).

• Master's in Finance, Accounting, Mathematics, Engineering or relevant discipline.


• Minimum of 8 years of relevant work experience

• Professional experience with major financial institutions or a Big 4 accounting firm with practical knowledge of corporate finance, controls, and automation.

Knowledge and Skills:

• Strong understanding of fixed income products.

• Proven quantitative and qualitative analytical skills, including excellent spreadsheet and skills. Familiarity with financial modeling techniques, programming languages (e.g., Python), writing macros will be a plus.

• Hands-on experience of accounting, financial analysis and reporting in an integrated financial systems environment

• Strong knowledge of Summit / Murex or other front-to-back treasury systems, integrated financial systems such as SAP, SAP BI/BO reporting tools

• Knowledge of appropriate valuation models including calibration instruments and model limitations.

• Demonstrated high level of initiative, self-confidence and a self-starter.

• Diplomacy and strong interpersonal skills; commitment to work in a team-oriented, multi-cultural environment; detail oriented.

• Excellent verbal and written communication and presentation skills, including preparing presentations for senior management. .

Abilities :

• Ability to deliver results and respond quickly and effectively to requests.

• Ability to lead systems projects and institutional initiatives.

• Ability to lead discussions with internal and external stakeholders.

• Ability to meet tight deadlines.

• Strong communication skills, including the ability to explain and express views/opinions clearly and confidently.

• Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

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.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.

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