Description
Do you want to build a career that is truly worthwhile? Working at the World Bank Group (WBG) provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group 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, boost prosperity on a livable planet, 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.
Governance Global Practice Context
The Governance Global Practice (GGP) supports client countries to build capable, efficient, open, inclusive, and accountable institutions. Countries with strong institutions prosper by creating an environment that facilitates private sector growth, reduces poverty, delivers valuable services, and earns the confidence of its citizens. Further information: https://www.worldbank.org/en/topic/governance
The GGP has the following business-lines and cross-cutting areas of focus:
• Anticorruption, Openness and Transparency
• Fiduciary Assurance
• Digital Government
• Public Financial Management
• Public Institutions
• SOEs/Corporate Governance
• Subnational/Decentralization
• Tax Administration
The GGP engagements range from diagnostics, technical assistance, advisory services; learning, innovation, and knowledge management; preparation of financing operations, monitoring, and reporting; and provision of project preparation, implementation support, monitoring and reporting. An important part of its responsibilities is to deliver operational support to other Practices, including through inputs for policy-based operations, hands-on implementation advice, and direct fiduciary due diligence of Investment Project Financing, Program for Results, and Development Policy Operations.
Regional Context
The Europe and Central Asia (ECA) region comprises about 30 extremely diverse countries, with a population of nearly 500 million people. Some of our clients are IDA only and others are IDA-blend countries and IBRD- eligible. Knowledge is critical to the Bank’s value proposition to client countries in the ECA region in both lending and advisory services. A middle-income region, ECA‘s slow growth and persistently high unemployment have threatened to reverse the region’s achievements in reducing poverty and increasing shared prosperity. The region continues to struggle with multiple structural weaknesses, including high public debt burdens, tight fiscal space, low investment, and financial sector vulnerabilities. Other challenges include vulnerability to climate change, poor governance, diverse fragility risks related to regional tensions, frozen conflicts, and domestic instability in some geopolitically important countries. The GGP’s work in ECA is organized under two units – GOV ECA East (EECG1) and GOV ECA West (EECG2). These units work in an integrated fashion.
Country Context
Türkiye, one of the largest countries in ECA, is the 19th largest economy in the world, and in recent years has become a top five country in terms of IBRD exposure. Türkiye, an upper-middle-income country with a strong record of growth, has faced external and domestic shocks in recent years. The country has enjoyed high growth rates from the early 2000s to mid-2010s, which propelled the country to the higher reaches of upper-middle-income status with a large decline in poverty and remarkable improvements in health and education outcomes. However, a series of economic and geopolitical shocks have led to heightened macro-economic volatility and threatened some of the economic and social gains. To learn more about Türkiye please visit: https://www.worldbank.org/en/country/turkey
Duties and Accountability
This is a locally recruited field-based position in the World Bank office in Ankara, Türkiye. The FMS will enhance ECA’s fiduciary financial management capacity to respond to the growing demands in the country. As part of the ECAFM team, FMS will report to the GGP Regional Practice Manager for EECG2. Duties include:
• Working closely with the ECA FMSs in Türkiye in ensuring that policies and procedures with respect to financial management are applied in all phases of the World Bank-financed projects, including various types of lending and trust fund operations.
• Conduct financial management assessments on new projects in accordance with the World Bank guidelines, including assessing financial management capacities of various project implementing units (PIUs), assessing risks and risk mitigation strategies, attending project negotiation, participating in the project preparation and appraisal missions, etc.
• Conduct financial management supervision of active projects in accordance with the agreed country financial management plan.
• Monitor and review interim financial reports (IFR) for the projects.
• Co-ordinating annual audits for the projects, and review of audit reports and management letters.
• Guiding the PIUs on FM arrangements and develop and review the financial management action plans of the projects, which have FM issues.
• Undertaking public financial management assessments for the development policy operations in line with the World Bank requirements.
• Participating in the World Bank missions and preparing various types of fiduciary related reports and documents as required.
• Provide strategic and operationally relevant advice to country authorities for strengthening financial management in the World Bank projects.
• Participate in the Country Portfolio Performance Reviews.
• Provide technical inputs on public financial management issues in analytical and lending operations in the country.
• Delivering any other tasks, as required by the GGP Regional Practice Manager.
Selection Criteria
• A highly motivated and passionate financial management specialist with strong client orientation and interpersonal skills.
• A master’s degree in a relevant field (e.g., accounting, finance, or public policy) and professionally qualified accountant (e.g., CA, CPA, ACCA) with membership of an internationally recognized professional accountancy body.
• At least 8 years of relevant experience in financial management, accounting or auditing in a public or private sector-setting.
• Demonstrates comprehensive understanding of the country’s public financial management systems, including budget, treasury and cash management, internal controls, internal audit and risk management, accounting, reporting, and accountability and oversight institutions.
• Demonstrated ability to work with the information systems and IT applications related to financial management.
• Knowledge of international accounting and auditing standards.
• Demonstrated capacity to work as a member of a multidisciplinary team.
• Ability to communicate effectively in writing and verbally in English and Turkish.
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 the World Bank and IFC, including our values and inspiring stories.