E T Consultant

E T Consultant

Job #:
req29094

Organization:
World Bank

Sector:
Finance & Accounting

Grade:
EC1

Term Duration:
1 year 0 months

Recruitment Type:
Local Recruitment

Location:
Washington, DC,United States

Required Language(s):
English

Preferred Language(s):

Closing Date:
9/6/2024 (MM/DD/YYYY) at 11:59pm UTC

Description

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 www.worldbank.org.

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.

The World Bank Group Finance and Accounting (WFA), the hiring vice-presidency, is responsible for the following:

• Overseeing the Bank's accounting and related financial control functions, maintaining the Bank's financial records, ensuring the overall integrity of the Bank's financial transactions, and satisfying the Bank's internal and external reporting requirements.

• Supporting an appropriate fiduciary control framework and administering disbursements for Bank lending.

• Providing technical advice to clients in financial management and accounting.

WFA provides reliable, transparent, and up-to-date data to facilitate business decision making by senior management and the Board of Directors. The Vice President and Controller reports through the Chief Financial Officer to the President and represents senior management's viewpoint to the Audit Committee on matters of financial integrity, reporting, monitoring, and internal control.

The Department of the World Bank's Chief Accountant (WFACA) is leading the sustainability reporting efforts for the Bank and is looking to hire a candidate to support the implementation and execution of the sustainability reporting strategy.

How your contributions will help us achieve our goals: Climate and Sustainability Reporting and Support to WBG Mission

Evolution of sustainable finance (comprising development of harmonized global standards, taxonomies, risk management and credit risk rating methodologies, as well as investment strategies and principles that would mainstream sustainability criteria in global financial markets) is prioritized by many WBG shareholders from donor and client countries, who see it as a critical focus area for the global commons/global public goods agenda.

Transparency and accountability are essential to the development process at the World Bank Group and central to achieving the Bank's mission to alleviate poverty.

The Extended-term Consultant will play a key role in the administrative implementation of the Bank's sustainability reporting roadmap. The roadmap consists of seven pillars that cover (i) strategy development & planning; (ii) governance; (iii) risk management; (iv) content development & enhancement; (v) process development & enhancement; (vi) assurance readiness; and (vii) capacity building.

What you will do:

The Extended-term Consultant must know and use fundamental concepts and practices of the Sustainability Reporting field and provide analytic, research or other professional support to the team.

The Extended-term Consultant must be able to work with stakeholders across Vice Presidencies in finance and operations, and Global Practices.

Roles and responsibilities:

Sustainability Reporting:

• Liaise with teams and working groups across the organization and other external peers to help implement the sustainability reporting strategy.

• Support the coordination of the Sustainability Reporting Technical Working Group (TWG) and resolution of issues requiring collaboration with expert teams.

• Assist in the development of Sustainability Disclosures aligned with the International Sustainability Standards Board (ISSB).

• Contribute to the development of reporting boundaries between IBRD and IDA.

• Produce internal design templates with relevant design software for Sustainability Disclosures.

• Support efforts for the development of a data management approach for climate and sustainability related data and metrics.

• Support the efforts for the path to assurance readiness, including understanding internal controls over reporting and critical documentation processes.

Task Management:

• Monitor the sustainability reporting roadmap against pre-established schedules, roadmaps, and deliverables, and anticipate scheduling problems.

• Synthesize status reports on the work program for WFACA Director and WFA VP.

• Produce ad hoc analytics for presentations for WFACA Director and WFAVP.

• Liaise and engage with relevant operational and technical departments, and/or WBG Climate Change teams, and other teams, as required.

• Coordinate team meetings.

• Track and prioritize team action items by leading a weekly check-in with the team.

• Monitor progress on key roadmap activities against established time horizons.

• Prepare a biweekly Sustainability Reporting Newsletter for internal Bank distribution.

Capacity Building:

• Maintain WBG-wide knowledge-sharing on data analytics, key metrics, key performance indicators, and financial and sustainability reporting.

• Create training materials to assist in capacity building around sustainability reporting within WFA and the Bank.

• Participate in learning exercises across and outside the organization to understand global trends in finance and ESG reporting.

• Engage and convene the MDB Community of Practice quarterly to encourage knowledge-sharing on sustainability reporting.

Selection Criteria

Selection Criteria:

Education and Experience:

• Bachelor's degree with 2 years of experience or equivalent combination of education and experience.

Abilities:

• Ability to understand existing industry standards for climate-related financial disclosures with knowledge of the Task Force on Climate-Related Financial Disclosures (TCFD), the International Sustainability Standards Board (IFRS)/International Sustainability Standards Board (ISSB), the European Financial Reporting Advisory Group (EFRAG) and the U.S. Securities and Exchange Commission (US SEC) is a prerequisite.

• Ability to understand environmental and climate policies, strategies, institutions, and regulatory environment, and broader sustainability issues.

• Ability to understand scenario analysis and GHG emissions accounting methodologies for Scope 1, 2 and 3.

• Ability to use with proficiency various word processing, spreadsheet, and graphics software packages, including Adobe Acrobat Pro.

• Ability to conduct research and analysis on difficult, but well-defined tasks, and articulate issues and recommend solutions.

• Ability to demonstrate analytical and quantitative skills, with preference for a background in financial analysis and sustainability.

• Ability to draft components of major reports, working papers, etc.

• Ability to effectively provide professional support to senior staff, including coordination with key staff in relevant operational and service units and staff outside the Bank Group.

• Ability to demonstrate organizational skills with attention to detail.

• Ability to write and edit with advanced skill, with a strong command of English and an ability to convey complex ideas in a clear and succinct style.

• Ability to understand processes and procedures relevant to the production of the Bank's Climate-related Financial Disclosures and Sustainability Reporting roadmap.

• Ability to bring new and different insights, seek opportunities to improve and find innovative solutions, apply critical thinking to current approaches, identify areas for improvement, and try new solutions that drive results.

• Ability to synthesize, analyze, and effectively present material from a wide range of sources. Articulates ideas, verbally, and in writing, using the most effective means of delivery and appropriate verbal and graphical content. Can quickly draft and prepare analytical and technical reports for the review of more senior colleagues. Uses charts, graphs, and other data presentation techniques appropriately to communicate data, technical information, or complex concepts to non-specialists.

This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.

World Bank Group Core Competencies

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.

Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.