Financial Management Specialist

At the World Bank, a member of the World Bank Group (WBG), you’ll join a diverse, global community working across cultures, disciplines, and borders to address the world’s most pressing development challenges. With 1.2 billion young people reaching working age in the decade ahead, the challenge of job creation has never been greater. Through partnerships across 145 countries and more than 182 offices worldwide, we work with governments, private sector, development partners and other stakeholders to invest in people, strengthen markets, and deliver scalable, data-driven solutions that generate more and better jobs and improve lives. For more information, visit

https://www.worldbank.org/en/who-we-are/ibrd

VPU Context:

We need the best and brightest talent focused on our region to harness Africa’s potential and innovation. Home to about 700 million people, Eastern and Southern Africa comprises 26 diverse countries stretching from the Red Sea to the Cape of Good Hope. While the region faces protracted conflicts, fragility, and significant gaps in education, health, and skills development that limit opportunities and hinder regional integration and trade, these challenges also present an opportunity. By working closely with country leaders, civil society, development partners, and young people, we can help chart a brighter future for the region.

Eastern and Southern Africa (E AFR) Region

:

https://www.worldbank.org/en/region/afr/eastern-and-southern-africa

Unit Context:

The Governance Department

More than half of the global population expresses distrust in government institutions. The Institutions Department helps developing countries build capable, efficient, open, inclusive and accountable institutions that can support economic growth, reduce poverty, deliver needed services and earn the confidence of citizens. Our work encompasses public financial management, public procurement, civil service reform, open government, anti-corruption, and using technology to improve quality and access to government services. For more information:

https://www.worldbank.org/en/topic/governance

Duties and accountabilities:

You will be under the supervision of the Governance Practice Manager for the EAEG2 Unit (Angola, Botswana, Burundi, Comoros, Democratic Republic of Congo, Eswatini, Lesotho, Madagascar, Mauritius, Mozambique, Namibia, Sao Tome and Principe, Seychelles, South Africa) and will work in coordination with other EAEG2 team members, with a primary focus on Angola and São Tome and Principe. Specific accountabilities will include:

• Undertake Financial Management (FM) assessments for new projects and provide FM implementation support for ongoing projects covering project budgeting, internal controls, accounting, treasury, funds flow, financial reporting, auditing arrangements and adequacy and suitability of project FM staff.

• Monitor compliance by projects with the Bank’s FM policies and procedures including monitoring compliance with financial covenants; reviewing periodic interim financial reports, annual audited financial statements and related management letters; and preparing appropriate communication to project implementation agencies.

• Update the Bank’s automated FM monitoring systems on a timely basis.

• Assess audit firms/auditors in terms of independence, competence, compliance with international auditing standards.

• Provide training, guidance and advice on FM related aspects to external clients (borrowers and staff of project implementing agencies) and internal clients (World Bank staff).

• Contribute to project and other portfolio and country documents as needed.

Selection Criteria

• Qualified professional accountant (CPA, CA, ACCA, DEC or equivalent membership of an internationally recognized professional accountancy body) with a Master’s degree in accounting, public financial management, finance, or other related field.

• At least 5 years of relevant experience.

• Knowledge of International Reporting Standards (IFRS), International Standards on Audit (ISA), International Public Sector Accounting Standards (IPSAS) and the International Standards of Supreme Audit Institutions (ISSAI).

• Experience in assessing internal control systems and evaluating financial management systems (including budgeting, accounting, cash management, internal audit and financial reporting systems), and experience in evaluating/interpreting audited financial statements, audit reports and related management letters and in determining appropriate remedial actions.

• Understanding of public sector budget formulation and execution processes, including treasury and cash management.

• Ability to communicate fluently, in writing and orally, in Portuguese and English and Capacity to function effectively with limited supervision and as a member of a multi-disciplinary team.

• Knowledge and experience of World Bank operations, as well as prior experience working in Angola would be an advantage.

As the World Bank Group continues to evolve, we value candidates who:

• Demonstrate the ability to collaborate effectively across teams, disciplines, cultures, and institutional boundaries.

• Responsibly leverage digital and AI-enabled tools to enhance productivity, learning, and decision-making.

• Bring experience working on fragile, conflict-affected, and violent (FCV)-related contexts and are encouraged to highlight relevant experience in their application materials, where applicable.

WBG Culture Attributes:

1. Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.

2. Thoughtful risk-taking: Challenge the status quo and push boundaries to achieve greater impact.

3. Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.

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.

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World Bank

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