World Bank Opens Opportunity for Financial Management Specialist in Dhaka

World Bank Seeks Financial Management Specialist for Dhaka Office

Dhaka, Bangladesh – The World Bank Group, a global leader in funding and knowledge-sharing for development, is inviting applications for the position of Financial Management Specialist (FMS) in its Dhaka office. The three-year local recruitment position offers an exceptional opportunity to contribute to transformative development projects in Bangladesh and the broader South Asia Region. The role is pivotal to strengthening governance systems and ensuring the effective use of public and private financial resources.

A Regional Mission with a Global Vision

South Asia, encompassing countries like Bangladesh, India, and Nepal, is at a crossroads of rapid economic transformation. The region has made remarkable strides in reducing poverty, fueled by urbanization and a demographic dividend. However, it continues to grapple with critical challenges, including gender inequality, climate change, and underperforming export markets.

The World Bank’s South Asia Region (SAR) is committed to addressing these issues through private sector-led growth, infrastructure investments, and human capital development. The Financial Management Unit within the Governance Global Practice (GGP) is integral to this mission, focusing on improving Public Financial Management (PFM) systems, corporate financial reporting, and professional accountancy standards.

The Financial Management Specialist will play a key role in advancing these objectives, supporting both World Bank-financed projects and broader governance reforms in Bangladesh.

Duties and Responsibilities

The Financial Management Specialist will:

1. Evaluate Financial Management Systems:

• Assess the financial arrangements of World Bank-funded projects to ensure they meet international standards and Bank requirements.
• Oversee project implementation to ensure fiduciary responsibility and adherence to compliance standards.

1. Strengthen Capacity and Accountability:

• Conduct training and capacity-building programs for government officials and project staff to enhance financial accountability and transparency.
• Collaborate with governance teams to deliver innovative solutions for financial management challenges.

1. Contribute to Policy Development:

• Develop thematic notes and contribute to regional and global policy initiatives.
• Share knowledge and expertise to inform decision-making and improve governance systems.

1. Provide Advisory Services:

• Offer technical advice on public sector financial management, leveraging international best practices.
• Analyze financial statements, audit reports, and propose remedial actions to strengthen governance.

Who Should Apply?

The World Bank is seeking highly qualified candidates with the following credentials:

Professional Qualifications:

• A qualification as a Certified Professional Accountant (CPA), Chartered Accountant (CA), or an equivalent credential.
• A Master’s degree in Accounting, Finance, Economics, Business, or a related field.
  
• Experience:
• At least five years of post-qualification experience in auditing or financial management, preferably with public sector expertise.
• Familiarity with Bangladesh’s financial systems and World Bank practices is a strong advantage.
  
• Skills:
• Expertise in budgeting, accounting, financial reporting, internal auditing, and cash management.
• Knowledge of international financial standards, such as IFRS, IPSAS, and ISSAI, as well as the COSO framework.
  
• Communication and Teamwork:
• Excellent proficiency in both written and spoken English communication.
• Proven ability to work collaboratively in multi-disciplinary, international teams.
  
• Organizational Skills:
• Demonstrated capacity to manage multiple tasks and deliver high-quality results on time.

Why Join the World Bank?

Working at the World Bank provides a unique opportunity to make a meaningful impact on global development. The Bank’s Governance Global Practice (GGP) is at the forefront of addressing critical issues like financial accountability, efficient use of public resources, and institutional reforms.

As part of the South Asia Region team, the Financial Management Specialist will contribute directly to projects that promote sustainable growth, improve governance, and enhance financial systems in Bangladesh.

Diversity, Inclusion, and Benefits

The World Bank Group takes pride in being an equal opportunity employer, dedicated to promoting an inclusive and welcoming workplace. Applications are encouraged from individuals of all genders, ethnicities, and abilities.

Benefits and package includes:

• Retirement and pension plans.
• Medical, life, and disability insurance.
• Paid leave, including parental leave.
• Appropriate support and accommodations for individuals with disabilities.

How to Apply

Applications for this position can be submitted online through the World Bank Career Portal. The deadline for submissions of the position is December 2, 2024, at 11:59 PM UTC.

About the World Bank Group

The World Bank Group is a global partnership of five institutions working to end poverty and boost shared prosperity. With 189 member countries and over 120 offices worldwide, the Bank partners with public and private sectors to tackle the world’s most pressing development challenges.

By joining the World Bank as a Financial Management Specialist, you will have the opportunity to work at the nexus of governance, innovation, and sustainable development in one of the most dynamic regions of the world.