Organizationally, CTR comprises the (1) Financial Instruments Accounting and Valuation, (2) Loans, and (3) Client Services Departments, as well as the Financial Analysis and Reporting, Accounting Policy, Knowledge Dissemination, and Operational Risks and Controls units. These teams collectively include approximately 400 staff; of which 150 are located in Washington with the remaining 250 located in regional offices the largest being in Chennai, India.
The Loan Department (CTRLD) is the focal point within the Bank for exercising fiduciary controls over its lending operations, including responsibility for ensuring that loan funds are used for their intended purposes. In this regard it collaborates actively and maintains close working relationships with Regional Management, Financial Management (FM) and Procurement (PR) Networks, Legal Department (LEG), Treasury Department (TRE), Concessional Finance and Global Partnerships (CFP), Department of Institutional Integrity (INT) and the Internal Auditing Department (IAD) in discharging this responsibility. The Loan Department also coordinates closely with Operational Policy and Country Services (OPCS) on professional excellence on the part of all financial professionals employed by the institution, and supports building the capacity of Bank borrowers to enable them to introduce and maintain sound accounting and financial management systems and procedures relating to public funds.
CTRLD has approximately 120 staff, with about one third currently based in Washington, DC and the others located in six main regional centers around the world (Brasilia, Beijing, Zagreb, Chennai, Manila, and Johannesburg).
The Loan Department (CTRLD), which is currently being realigned so as to be more client focused, is primarily responsible for the formulation and administration of the Bank's financial policies and procedures relating to disbursement of funds from IBRD loans, IDA credits, the Project Preparation Facility (PPF), Institutional Development Fund (IDF) Grants, Recipient-Executed Trust Funds and other financial products of the Bank. As part of this realignment, CTRLD is opening a Regional Center in Nairobi, Kenya. The Nairobi Regional Center will follow the staffing model of others teams –with a solid team of finance assistants, analysts, and a Team Leader who are currently being recruited.
The Team Leader (TL) is responsible for the day-to-day efficient and effective provision of disbursement services within the Nairobi Regional Center. In fulfilling this role, the Team Lead will provide technical leadership in terms of ensuring that all the current disbursement functions carried out by the Nairobi Regional Center are carried out according to established policies and procedures. S/he will supervise all regional center staff, and ensure that their work is carried out in compliance with CTRLD policies and procedures. S/he will report to the Division Manager and will work closely to facilitate the efficient administration and disbursement management of the country portfolios handled by the Regional Center. The Team Leader will also work closely with Finance Officers in Washington DC to ensure seamless collaboration as projects advance from the preparation stage to negotiations/Board approval and implementation. The Team Leader upholds CTRLD service standards for quality and responsiveness, appropriately balancing its fiduciary and client service roles. The Team Leader will contribute to departmental and institutional initiatives.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3 year renewable term appointment.
Senior Finance Officer /Team Leader |
World Bank - Senior Finance Officer /Team Leader
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