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 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 quarter 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.
The Finance Analyst is a member of the Loan Operations team in the Loan Department (CTR). Finance Analyst (FNs) contribute to various team responsibilities, such as disbursement transaction and analysis, project management and capacity building. The FNs plays an important role in ensuring the financial accountability of borrowers/recipients, specifically that loan proceeds are used for the purposes intended and are eligible in accordance with the World Bank policies and procedures. The FN might be requested to contribute to Department or corporate initiatives. The position requires strong accounting and auditing skills, client orientation and drive for the results.
The FN provides technical support to the finance assistant and reports to the Regional Center Team Leader and Finance Officer for the assigned portfolio.
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.
Finance Analyst (CTRLD, Kenya)
Finance Analyst (CTRLD, Kenya)
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