Thinking of a Career in Emergency Management?
- BY Nicole Pelette
Duties and Accountabilities:
• The Sr. FMS will be based in the World Bank’s Vietnam office and work on all financial management (FM) aspects of the World Bank’s operations in Vietnam.
This will include, but will not be limited to:
• assessing the adequacy of both country and project financial management arrangements;
• providing implementation support and supervising projects financed by grants and credits;
• ensuring compliance with the Bank’s audit and other fiduciary requirements;
• ensuring that the project operations are carried out in accordance with sound financial management practices;
• performing analytical work on public financial management and accountability issues;
• and carrying out policy dialogue and capacity building activities as part of the public sector engagements at country level (e.g., leading the public sector accounting reform components under the SECO Trust Fund – technical advice on the implementation of IPSAS and preparation of ‘whole of Government’ consolidated financial statements, implementation of the FM related recommendation in the PER - (SAI, internal audit reform, budget execution); leading the CFR reform agenda and the implementation of the recommendation from the ROSC A&A; developing policy actions for Development Policy Operations.
The Sr. FMS will work within the country team, which includes the Country Manager, Program Leader, Task Team Leaders, Financial Management Specialists, Procurement and other technical specialists, and Administrative and Client Service (ACS) staff.
The Sr. FMS will be managed by the GGP-PRMM Practice Manager.
The SFMS is expected to assume the following duties and responsibilities:
• Assess the adequacy of the borrower’s project financial management arrangements and institutional systems and their ability to manage and monitor World Bank financed projects, including at the sector level where needed. This includes budgeting, treasury/funds flow, internal controls, accounting, financial reporting and auditing as well as policies and procedures in place.
• Provide implementation support and carry out supervision work to ensure that projects financial management systems are functioning appropriately, including the review of periodic interim financial reports.
• Assess the selection and engagement of auditors, in accordance with the arrangements agreed with the Government and the MOU signed among the World Bank, ADB, JICA and the Government as part of the Joint Country portfolio reviews (including Terms of Reference), and ensure that the borrower provides auditors with all the relevant information necessary to carry out their engagement.
• Review audited financial statements and, monitor the Borrower's compliance with financial covenants including audit compliance. Ensure adequate communication with the Borrower and the project implementing agencies with respect to audits and other financial reports, and advise as appropriate.
• Provide advice and support to Borrower and the World Bank Task Teams on project financial management matters. Participate in country-level portfolio activities such as Joint Country Portfolio Reviews (JCPRs) and other implementation meetings and events.
• Provide guidance and advice to borrowers, country FM-related institutions and Bank staff on capacity building and performance Participate in analytical or institutional strengthening activities managed by higher-level colleagues in PRMM, or elsewhere.
• Participate in Public Financial Management analytical work, capacity building activities and provide relevant information on country specific issues to country units, sector staff and task teams on country financial management issues.
• The candidate should be a professional accountant (CPA, CA or equivalent membership of an internationally recognized professional accounting institute) with a Bachelor’s degree in accounting, business, finance, economics or related subject.
• The CPA requirement may be substituted with an Advanced Degree in a relevant discipline (e.g. Public Sector Finance).
• A minimum of 8 years of relevant professional experience is required in accounting and auditing, with a focus on both public and corporate-sector aspects.
• Prior work experience should cover a combination of professional practice, including auditing, accounting, training, research, standard-setting and regulatory activities.
• Oral and written fluency in English is required.