IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises.
IFC’s Controllers Department (CNT) is seeking a Senior Financial Operations Officer and Team Lead for the Quality Assurance (QA) team within the Treasury Financial Operations unit (CNTTR). The position is based in Washington, DC.
Duties & Responsibilities:
The CNTTR Senior Financial Operations Officer is tasked with the functional oversight of the QA function of the unit. The successful candidate will perform the following duties and responsibilities:
Oversee the QA team for Treasury, Cash and Capital accounting operations as well as financial statement and disclosure input and analytics, supporting US GAAP financial instruments accounting and ensuring compliance with internal financial accounting and reporting policies.
Maintain and monitor operations of the sub-ledgers and interfaces within CNTTR’s oversight.
Oversee the Cash Administration and bank account administration operations.
Lead CNTTR assessment and implementation efforts on new product and business initiative working groups and provide guidance to internal clients, in collaboration with other CNT units/functions.
Oversee audit exercises and interface with external auditors.
Contribute to unit leadership and the development of unit objectives, strategy, and business plans.
Supervise staff, mentor, and coach juniors to ensure bench strength and contribute to their growth, strength and career development
Work closely with Chennai TL to monitor and balance cross-support work program and delivery
Act as System sponsor for platforms relevant to QA business deliverables (Treasury, Cash and Capital systems, Sub-ledgers, relevant databases, etc.)
Drive coordination and implementation of technology engagements and automation ensuring controls focus, appropriate prioritization and testing with input from other CNTTR leads.
Constantly challenge current business practices to align with best market practices, promote process improvements and control enhancement initiatives.
Keep abreast of industry practices and regulatory changes that impact unit’s or department’s operations and engage with cross business and market forums for strategy and delivery
Build and maintain strong business, operations, and technology relationships, including Treasury front and middle offices, Risk, IT partners etc. as well as within CNT.
Represent the unit and department on corporate or external forums
Influence and resolve differences across organizational boundaries
Oversee CNTTR’s knowledge management, including documentation maintenance and develop training and cross-training program
Serve as back up to unit Manager and other supervisor.
Selection Criteria
Minimum education: Master’s degree in Business, Finance or related field and an internationally recognized professional accounting qualification (e.g. CPA, CA, ACCA or equivalent) is required.
At least 10 years of relevant experience in Treasury accounting and capital markets. Private sector and/or IFC experience is a strong plus.
Strong technical accounting background. Experience in assessing impact of new or proposed accounting standards for financial instruments and in providing guidance on adoption and implementation.
Knowledge of best practices of internal controls over external financial reporting.
Experience in leading a team and managing staff is a plus.
Demonstrated ability in gaining the cooperation of technical and business staff at senior levels and operating seamlessly across boundaries.
Experience in directing long-term, complex, multi-disciplinary systems implementations is a plus.
Proven ability to manage multiple concurrent projects and/or tasks.
Strong analytical skills.
Strong communication skills (in English), both written and oral.
Ability to work independently as a project manager, to take initiative, and anticipate and respond quickly to situations.
Knowledge of SAP (sub-ledger), Summit (treasury system), Quantum (cash system) is a strong plus.
Competent in office technology tools, including Word, Excel, and Power Point.
