Director and Chief Financial Management Officer Job #: req34957 Organization: World Bank Sector: Operations Grade: GI Term Duration:ย 4 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 12/5/2025 (MM/DD/YYYY) at 11:59pm UTC
Description
The World Bank Group is a unique global partnership of five institutions driven by a bold vision to create a world free of poverty on a livable planet. As one of the largest sources of funding and knowledge for developing countries, we help solve the worldโs greatest development challenges. When you join the World Bank Group, you become part of a dynamic, diverse organization with 189 member countries and more than 120 offices worldwide. We work with public and private sector partners, invest in groundbreaking projects, and use data, research, and technology to bring tangible and transformative change around the globe. For more information, visit www.worldbank.org
VPU Context:
The Operations Policy and Country Services (OPCS) of the World Bank plays a pivotal role in achieving the World Bank Groupโs (WBG) mission. OPCS is at the center of the โoperations complexโ and plays a critical role in supporting the Bankโs leadership on all issues related to Bank operations. OPCS develops and oversees operational policies and their modernization, including the VPUโs readiness to support the WBG ambition on scale, speed and impact. OPCS provides advice and support to the Managing Director of Operations to ensure delivery of strategically aligned, innovative, impactful financing and analytical work while managing risks. It also helps teams, including through hands-on assistance, to apply the Bankโs policies, processes, and risk management tools for our clients. Working in OPCS helps World Bank professionals gain broad exposure to strategic operations issues and develop a deeper understanding of the business of the Bank. (link:https://worldbankgroup.sharepoint.com/sites/opcs)
Duties and Responsibilities:
The Director and Chief Financial Management Officer (CFMO), is accountable for performing the responsibilities, modeling the behaviors and maintaining the technical competencies (listed below) in his or her capacity as a Director of the Operations Standards and Financial Management (OPSPF) department in OPCS. Accountability means being answerable for managing quality, risks, results, institutional initiatives and compliance with Bank policies and procedures.
The Director and CFMO is responsible for performing roles in the following areas:
โข Creating the appropriate policy environment for operational excellence for Financial Management.
โข Overall leadership, direction and guidance to the Department, and responsibility for the unitโs budget, human resources, and work program delivery. In addition to close interactions with Regional and Vertical teams, the Department interacts frequently with Senior Management, the Board, and Board Committees.
โข General oversight, coordination, monitoring and consistency of the Financial Management (FM) framework, including, interpreting, proposing or concurring with revisions to (i) the FM aspects of IPF, PforR and DPF Policies, Directives and Procedures, and (ii) Directive on FM in Bank-Financed Operations and โข Other Operational Matters. Issuing new, revising and interpreting existing FM Guidance.
โข Overseeing and monitoring the overall implementation of the FM arrangements in Bank-financed operations, including quality assurance, coordinating across Regions for consistency.
โข Reporting on status and progress of FM arrangements to senior management and the Board.
โข Chairing the Professional Accreditation and Standards Panel (PASP) for Financial Management and deciding on the accreditation requirements and acceptability of qualifications and experiences for FM Staff recommended by Regional Practice Managers responsible for the Financial Management (PMFM) for accreditation.
โข Chairing the Financial Management Operations Review Committee (FMORC) and deciding on requests for audit exceptions in accordance with applicable Bank Procedures.
โข Leading and representing the Bank, in collaboration with relevant knowledge verticals, regions, and other units, as appropriate, in operational FM matters, both internally and externally, including, on global partnerships with standard setters and their public interest bodies, the harmonization of Bank FM arrangements and procedures, and dialogue on operational FM matters with other multilateral or bilateral organizations, United Nations organizations, and development agencies.
โข Overseeing design, maintenance and upgrade of FM operational systems in collaboration with relevant units.
โข Leading corporate FM risk reviews and portfolio monitoring, ensuring the Bank's FM work on managing operational risk is consistent with evolving corporate approaches and international practices as appropriate in coordination with other relevant units.
People Talent Management:
โข Model exemplary WBG leadership values and managerial behavior and reinforce these qualities in the management team and staff.
โข Implement and monitor compliance with talent management, diversity, and inclusion plans.
โข Develop and implement appropriate strategies for global staffing, learning, and career progression.
โข Drive and encourage excellence by creating an environment of learning and innovation that attracts and develops the best talent reflective of the diversity of our clients.
Knowledge Management:
โข Lead on and collaborate with knowledge verticals and PMFMs in designing FM training.
โข Engage and collaborate with managers and staff across the WBG on relevant issues in operations.
โข Ensure timely flow and dissemination of knowledge in operations to provide high-quality support to clients.
โข Encourage a culture of evidence-based engagement for high development impact.
Resource Management:
โข Manage the department's budget to support the implementation of the Directorate strategy.
โข Ensure accountability for delivering the work program through cost-effective use of resources (human and budget) within the agreed parameters and in โข compliance with internal WBG fiduciary and safeguard controls and policies and ensures timely delivery and overall quality of output.
โข Implement an appropriate risk management framework.
Selection Criteria
โข PhD or Masterโs degree in relevant field and substantial professional experience (typically the successful candidate will have at least 15 years of experience in positions of increasing complexity and responsibility) and professional certification as Chartered Public Accountant/Charted Accountant.
โข Prior work experience and track record in achieving high impact results on the ground in more than one world region (including both pre-Bank and Bank experience).
โข A high professional reputation, integrity, and extensive experience, including thorough knowledge of WBG, financial institutions or professional services firm and their policies, programs, products, and procedures as well as exposure to lending, economic and sector work, and country strategy documents applicable to the candidateโs professional background.
โข Strong strategic orientation in order to link strategies with results within a consistent development framework, proven skills in translating strategies into pragmatic implementation plans.
โข Track record and demonstrable results from deploying new technologies and AI in financial/professional services industry.
โข Exceptional problem solving and client orientation skills; highly developed mentoring and advisory skills and the ability to ensure effective transfer of knowledge and skills, and also nurture management talent over time.
โข Outstanding operational and people management skills, including the ability to build a diverse team, appraise effectively their ability and potential, give candid performance feedback, and provide support for learning and professional development.
โข Proven ability to effectively implement complex change management initiatives.
โข Demonstrated in-depth experience working across boundaries, and with multiple stakeholders โ both public and private -- in building collaborative alliances for results.
โข A sharp analytical and strategic mind, ability to speak truth to power, excellent political judgment and diplomatic skills, proven ability to work across teams and issues, strong leadership record, and high initiative, energy, and drive for results.
โข Outstanding written, presentation, and oral communications skills.
โข Demonstrated leadership values and exemplification of the WBGโs managerial and core competencies, as referenced in the links below.
WBG Managerial Competencies
WBG Culture Attributes:
1. Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
2. Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.
3. Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.
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 theย World Bankย andย IFC, including our values and inspiring stories.