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 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.
The Finance Assistant is a member of the Loan Operations team in the Loan Department (CTR). Finance Assistants (FAs) are primarily responsible for determination of the completeness of borrowers’ requests in accordance with the Bank’s policies and procedures, verification of documentation and processing of disbursements or other loan transactions. In addition, they provide support to negotiations, mission preparation, and disbursement seminars. FAs work under the technical supervision of Finance Analysts and report to the Team Lead.
The FA at level GD works on withdrawal application processing and related tasks with minimal supervision. The Finance Assistant might be requested to contribute to Departmental initiatives, or to participate in Financial Management network activities and contribute to corporate 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.
Finance Assistant (CTRLD, Kenya)
Finance Assistant (CTRLD, Kenya)
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