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Description
Do you want to build a career that
is truly worthwhile? Working at the World Bank Group 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, 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 WFA Risk and Controls unit (WFARC) is responsible for managing the Bank’s
internal controls over financial reporting (ICFR) program; for coordinating
the assessment and reporting on operational risk and business continuity
management to CRO and WFA Leadership team. The team in Chennai (WFARN)
is an extension of WFARC and supports the same objectives and deliverables.
WFARN is seeking suitable candidate for a 1-year assignment for the position
of Extended Term Temporary (ETT) in World Bank’s Chennai office.
Responsibilities
Working in collaboration with colleagues internal and external to WFA, the
selected candidate will be responsible for supporting the following
activities in WFARN’s work program:
• Deliver the annual ICFR program (scoping, controls documentation, testing
and evaluation, deficiency management, and reporting) interacting with the
WFARC team at HQ, process owners and external auditors.
• Perform pre-implementation design reviews of new systems and processes from
ICFR perspective and provide advice to business units on matters related to
control design and effectiveness.
• Support the agenda for automating continuous controls monitoring in
assigned business areas.
• Support operational risk reporting to CRO and WFA Leadership team
• Coordinate implementation of action plans for control exceptions identified
through events, internal or external audits, or other issues identified
through testing.
• Identify process improvement opportunities for efficiency, effectiveness,
and risk mitigation.
• Coordinate the implementation of the actions under the Business Continuity
program in WFA
• As an integral member of the risk and controls team, support any other new
or ad hoc activities assigned by the Lead Risk and Controls Officer at HQ.
Scope
• The selected candidate will work together with the team members at Chennai
and HQ; he/she will report to the Lead Risk and Controls Officer in HQ and
have dotted-line reporting in Chennai to the WFACC Senior Financial Officer,
Corporate Reporting & Analysis.
• Budget Authority: N/A.
• May require infrequent travel to HQ
Selection Criteria
• Chartered Accountant/ CPA or
equivalent professional qualification or master degree in accounting,
finance, risk management and related fields.
• Candidates with 0-1 year of post-qualification experience in similar or
complementary roles
• Good understanding of financial services and products, banking activities,
and knowledge of risk and controls.
• Experience in a public accounting firm in an assurance (audit) or advisory
role is an advantage
• Understanding of IT environments and application to WBG business
processes.
Key Competencies:
The candidate must demonstrate the following competencies:
• Communication: communicate to effectively share and exchange
information. Able to listen actively, obtain necessary input, share ideas,
speak persuasively, and convey information in a clear, objective, and concise
manner.
• Collaboration within teams and across boundaries: collaborate and
work with others across and outside of the World Bank Group in order to
achieve the best results for clients; maintain a WBG corporate mindset above
an individual or team perspective.
• Leadership and innovation: Brings new and different insights. Applies
critical thinking to current approaches, identifies areas for improvement,
and tries new solutions that drive results. Considers own behavior in context
of WBG's values and mission and recognizes impact one has on others. Operates
in ambiguity and changing needs and supports others to do the same.
• Smart decision making: Leverages available data and makes timely
decisions. Seeks and analyzes facts, data and lessons of past experience to
support sound, logical decisions regarding own and others work. Applies
cost/benefit analysis to meet work program objectives. Contributes to
decision making by providing relevant risk-analysis. Shows initiative when
necessary, and makes decisions in a timely manner within own area of
responsibility.
• Client understanding and advising: Looks at issues from the client's
perspective and acts beyond normal expectations to ensure client
satisfaction. Analyzes situations and determines alternative or creative
scenarios and approaches to add value to the business in new and different
ways. Works within the team and with other specialty areas to define client
needs and develop the best approach to meet client needs. Sees how ideas and
best practices from other specialties can be adapted or applied to address
client issues.
Other Competencies:
• Results for clients: Contributes to delivery of results for clients
on complex issues. Takes personal responsibility for producing high
quality work, identifying and informing of risks, and delivering results for
clients.
• Risks and controls: assess risks and maintain an effective and
efficient internal control environment. Able to identify and assess risks,
including identification of mitigating controls.
• Analytical thinking: able to breakdown raw information and undefined
problems into specific, workable components that in-turn clearly identify the
issues at hand. Make logical conclusions, anticipate obstacles and consider
different approaches that are relevant to the decision-making process.
• Broad business thinking: Maintains an in-depth understanding of the
long term implications of decisions both for department and the client's
business. Ensures that decisions are supported by relevant stakeholders as
well as sound performance data. Effectively communicates recommended changes
to clients and how they will affect their business using the client's own
terminology with limited jargon while attempting to minimize day-today
disruption of operations.
• Information technology and systems: Leverage information technology
systems and applications to improve productivity and efficiency. Provide
inputs to IT system enhancement efforts based on day to day working
experience and knowledge of the systems.• Project management: plans,
organizes, monitors and controls projects and tasks using appropriate tools,
methodologies and processes.
• Knowledge creation, application, and sharing: Actively contributes to
and readily applies WBG's body of knowledge for client solutions. Contributes
to the departments and WBG's body of knowledge by applying lessons learned
and expertise. Actively invests in own knowledge and seeks feedback. Builds
personal and professional networks within and beyond the work group.
• Policies and procedure: understand and apply relevant policies and
procedures in executing responsibilities.
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