Financial Management Specialist Job #: req33500 Organization: World Bank Sector: Financial Management Grade: GF Term Duration:ย 3 years 0 months Recruitment Type: Local Recruitment Location: Dhaka,Bangladesh Required Language(s): English Preferred Language(s): Closing Date: 6/30/2025 (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 help our clients solve their greatest development challenges. The World Bank 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. For more information, visit www.worldbank.org.
The South Asia Region (Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka) is at a crucial stage of development. Rapid economic growth, driven by urbanization and demographic dividend, has brought down poverty rates, but severe forms of exclusion and disparities based on ethnicity, caste, and gender remain. Rapid growth has also come with congestion and pollution in cities. South Asia is more than other regions affected by changes in temperature and extreme weather event. Additional challenges are that South Asia is underperforming in exports, has large informal sectors and low female labor force participation rates. All these challenges must be addressed to secure rapid growth in coming decades. Private sector led growth, focused on investments in infrastructure, energy, logistics and cities are essential to generate the jobs needed to employ South Asiaโs sizeable youth population. At the same time, the region needs to continue building human capital so that South Asiaโs population is well equipped for the jobs of the future.ย
The World Bank in South Asia:ย https://www.worldbank.org/en/region/sar
Unit Context:
The Financial Management (FM) unit within the Governance Global Practice (GGP) in Bangladesh has three primary functions: (i) delivering high-quality financial management services, including project preparation and implementation support for Bank-financed operations, and promoting the use of national Public Financial Management (PFM) systems to strengthen development outcomes; (ii) collaborating with partner countries to improve their PFM performance and capacity, in close partnership with other Global Practices (GPs) and regional and corporate Bank units; and (iii) supporting partner countries in advancing their professional accountancy institutions and enhancing corporate financial reporting standards, including accounting and auditing practices.
The Unit is seeking two Financial Management Specialists (FMSs) to be based in Dhaka at level GF for 3 years term Local Recruited Staff appointment. The FMSs will be part of the regional GGP team and report directly to the Unitโs Practice Manager based in Washington.ย
Duties and accountabilities:
The Financial Management Specialists (FMSs) will support World Bank Group-financed projects and programs by performing a range of financial management (FM) duties and providing advisory and technical assistance. Key responsibilities include:
โข Assessing the financial management arrangements for new and ongoing projects to ensure adequacy and compliance with World Bank standards.
โข Providing implementation support and supervision for projects financed by loans and grants, ensuring adherence to the Bankโs fiduciary and audit requirements
โข Delivering capacity-building support to project staff within client governments and enhancing public financial accountability.
โข Conducting capacity-building activities in collaboration with the Governance team.
โข Contributing to the development of policy and thematic notes, as well as regional, Global Practice, and corporate knowledge products.
โข Advising clients with agile, innovative approaches to strengthen fiduciary assurance and ensure funds are used effectively.
โข Leveraging knowledge and experience in public sector financial management to support partner countries in building partner country Public Financial Management (PFM) capacities.
Selection Criteria
โข CA/ACCA/CPA/CIMA who is associate or a fellow member of a Professional Accountancy Organization, accredited by the International Federation of Accountants (IFAC) with minimum of five years of post- professional accountancy qualification experience in auditing or financial management. Experience in public sector financial management will be preferred. Applicant should apply with his/her membership number. Membership /professional qualification through reciprocity agreements like Memorandum of Understanding (MOU) or Mutual Recognition Agreement (MRA) is not eligible to apply.
โข Masterโs degree in accounting, business, finance, economics, or a related field from a recognized university
โข Proficiency in written and spoken English, with strong communication skills essential for preparing clear reports, coordinating with international teams, and engaging effectively with stakeholders.
โข Extensive experience in evaluating financial management systems, including budgeting, accounting, cash management, internal audit, financial reporting, and external auditing, ensuring robust oversight and compliance.
โข Strong analytical skills with demonstrated expertise in interpreting financial statements, evaluating audit reports, and recommending effective remedial actions.
โข Knowledge of financial management systems in Bangladesh across both public and private sectors, with familiarity in World Bank financial management practices and international standards such as IFRS, ISA, IPSAS, ISSAI, and the COSO framework.
โข Excellent teamwork and collaboration skills, with the ability to work effectively as part of a multi-disciplinary team, resolve conflicts, and contribute to a positive, solutions-oriented work environment.
โข Strong organizational and time management skills, with the ability to plan, prioritize, and manage multiple projects simultaneously, ensuring timely and high-quality results.
WBG Culture Attributes:
1. Sense of Urgency โ Anticipating and quickly reacting to the needs of internal and external stakeholders.
2. Thoughtful Risk Taking โ Taking informed and thoughtful risks and making courageous decisions to push boundaries for greater impact.
3. Empowerment and Accountability โ Engaging with others in an empowered and accountable manner for impactful 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.