Senior Financial Assistant

Employer
World Bank
Location
India
Posted
May 13, 2024
Closes
May 20, 2024
Ref
4690999312
Work Mode
Work from office
Hours
Full Time
Organization Type
Academia, Corporate
Senior Financial Assistant

Job #: req27438 Organization: World Bank Sector: Finance & Accounting Grade: GD Term Duration: 3 years 0 months Recruitment Type: Local Recruitment Location: Chennai,India Required Language(s): English Preferred Language(s): English Closing Date: 5/25/2024 (MM/DD/YYYY) at 11:59pm UTC

Description
  • This position has 2 Openings*

Working at the World Bank provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank 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.

The WB Finance & Accounting (WFA) Vice Presidency is responsible for all aspects of the financial reporting and internal control framework for IBRD and IDA, and the extensive Trust Fund/Partnership portfolio of the WB entities. It supports an appropriate fiduciary control framework and administering disbursements for Bank lending and leads the client service function for the WB's corporate expenses.

Organizationally, WFA is comprised of three departments: (1) Corporate Accounting and Reporting, (2) Trust Funds and Loans, and (3) Financial Controls. In Controller's our mandate supports both internal and external clients while we focus on delivery, optimization, impact, and people & culture. In WFA, our mandate supports both internal and external clients while we focus on delivery, optimization, impact, and people & culture. For more information, visit www.worldbank.org

Within WFA, Risk and Controls team (WFARC) is responsible for:
  • Managing the Internal Control over Financial Reporting (ICFR) program for IBRD and IDA to support management assertion and external auditor attestation and performing controls testing as a service to other WBG entities.
  • Coordinating the identification, assessment, management and reporting of Operational Risks in WFA.
  • Facilitating the Business Continuity preparedness for WFA's time critical activities.
  • Advising internal clients on effective risk mitigation and internal control practices relating to new products, systems, and processes.

WFARC is looking for a Senior Financial Assistant with a background in internal controls and financial statements auditing to support and deliver the following:

What you will do:

The staff will:
  • Leverage the existing control test plans (including sample size, testing method and other such attributes) to perform design validation and operating effectiveness testing of ICFR key controls for the assigned business processes/business lines.
  • Document test results within Wdesk(or any other similar documentation tool) in accordance with the prescribed work paper quality standards and given timelines.
  • Identify and communicate to WFARC Financial Officer (FO)/ Sr. Financial Officer (SFO) any process gaps/control deficiencies on a timely basis for management remediation.
  • Identify and communicate to WFARC Financial Officer/ Sr. Financial Officer any process improvement opportunities.
  • Support any adhoc tasks within internal controls or Operational risk management, as and when assigned by WFARC Financial Officer/ Sr. Financial Officer.

Selection Criteria

What you will bring:

Education and Experience:
  • Bachelor's degree in finance or accounting; CA/CPA or certification in audit is required

Knowledge and Skills:
  • Previous audit/ assurance experience preferably in a Big 4 or similar reputed public accounting firms.
  • Candidates with 0-1 year of post-qualification experience in similar or complementary roles
  • Full proficiency in Microsoft Windows applications, namely Excel, Word and Power Point. Demonstrated ability to learn new technology quickly and effectively use it for maximum productivity.
  • Knowledge of Information Systems and IT general control framework.
  • Excellent English oral and written communication skills.
  • Ability to multitask and work effectively in multidisciplinary teams; and
  • Strong interpersonal skills and cultural sensitivity.

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.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.