Program Manager - Budget and Financial Management Services – Fund for responding to Loss and Damage

Program Manager - Budget and Financial Management Services – Fund for responding to Loss and Damage Job #: req33641 Organization: World Bank Sector: Financial Management Grade: GG Term Duration: 3 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 7/14/2025 (MM/DD/YYYY) at 11:59pm UTC

Description

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group 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. For more information, please visit www.worldbank.org 
At COP27 and CMA4, the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) and the Conference of the Parties serving as the Meeting of the Parties to the Paris Agreement (CMA) established funding arrangements to assist developing countries particularly vulnerable to climate change. This decision included the creation of the Fund for responding to Loss and Damage (FRLD), with a focus on providing support to affected nations.  At COP28 and CMA5, the COP/CMA formally approved the Fund’s Governing Instrument, designating it as part of the UNFCCC’s financial mechanism and placing it under the guidance of both COP and CMA. The decision authorized the FRLD’s Board to secure a hosting arrangement with the World Bank as an interim trustee for four years, which includes hosting the Fund’s secretariat. The World Bank has agreed to act as trustee and administer the Trust Fund in line with the COP/CMA’s stipulations. The FRLD Secretariat, hosted by the World Bank in Washington, D.C., supports FRLD governing bodies, manages institutional relations, aids in strategy, policy, and program development, and oversees management systems.  
The FRLD Secretariat, led by the Executive Director (ED), coordinates FRLD’s strategic activities across its governing bodies, including the Board, and the World Bank (as Trustee and Secretariat host), and other stakeholders. It also drives thought leadership, manages portfolio risk, and develops initiatives to mobilize resources.  The Program Manager will report directly to the ED and receive direct oversight from the Deputy Executive Director (DED) as per agreed delegation of responsibilities. He/She will collaborate closely with the Secretariat staff and external stakeholders, including governments, multilateral development banks, UN agencies, vertical climate funds, donor organizations, and civil society.   The position is based in Washington, D.C., USA, and involves frequent travel.  
Duties and Responsibilities:  

• Trust Fund Establishment and Financial Management Systems: Support the setup of FRLD Trust Funds governed by World Bank policies and procedures, including the development of financial systems and implementation of financial monitoring and reporting frameworks to ensure transparency and accountability. • Financial Management and Reporting: Oversee financial management of FRLD-managed trust, including budgeting, cost planning, fund allocation, performance monitoring, and the preparation of financial reports and analysis for the Board and stakeholders. 

• Policy Compliance and Advisory: Provide expert guidance to the ED and DED on financial and fiduciary management in compliance with World Bank policies and procedures, including quality assurance efforts and ensure best practices in financial planning, risk mitigation, and reporting are followed.  • Coordination and Communication: Act as the primary liaison with World Bank units (e.g., DFi, LEG, WFA, TRE, BPS), the Trustee, the Secretariat, the Budget Committee, and other key stakeholders to facilitate coordination on all trust fund and financial management matters. 

• Process Optimization and Strategic Oversight: Evaluate and optimize financial management processes related to FRLD trust funds to enhance efficiency, support strategic planning, and ensure alignment with resource mobilization and allocation strategies. • Board Meetings and Consultations: Support the ED and DED in the engagement with Board members, alternates, and advisors on financial planning and budget-related matters, including coordinating under the supervision of the DED the Budget Committee preparation, conducting consultations with (prior to Board meetings) and presenting to (at Board meetings) the Board, conducting technical briefings based on request/need and coordinating with the Governance and Board Affairs team on the decision-making processes, including drafting decision text. 

Selection Criteria

In addition to meeting the World Bank-wide criteria for this level position, it is expected that the selected candidate would meet the following criteria (in order of importance):   

• Education: Advanced degree in Finance, Accounting, Economics, or a related field. Professional certifications such as CA, ACCA, CPA, or CIMA are highly preferred and considered a strong asset. 

• Professional Experience: At least 8 years of progressive experience in financial management, with a demonstrated focus on trust funds, climate finance, and/or international development financing in complex institutional environments. • Technical Expertise: In-depth knowledge of financial management processes and fiduciary responsibilities related to World Bank trust funds and financial intermediary funds. Proven experience with financial planning, performance monitoring, and the use of financial reporting systems and tools. 

• Proven experience in working in a Secretariat/interim Secretariat of climate funds, including experience in leading a team of experts to develop and present papers for Board meetings.  • Familiarity with the work of the Fund for responding to Loss and Damage, including the key priorities of the Board, will be a plus.  

• Experience in engaging with and providing strategic and technical advice to executive or senior management on corporate-level issues related to operational models, systems, and effectiveness.• Excellent writing and oral communication skills, including analyzing, synthesizing, and presenting materials effectively.

WBG Culture Attributes:

1. Sense of Urgency – Anticipating and quickly reacting to the needs of internal and external stakeholders.
2. Thoughtful Risk Taking – Taking informed and thoughtful risks and making courageous decisions to push boundaries for greater impact.
3. Empowerment and Accountability – Engaging with others in an empowered and accountable manner for impactful 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.

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