Finance and Risk Analyst, GPE
Job #: req32928
Organization: World Bank
Sector: Education
Grade: GE
Term Duration: 3 years 0 months
Recruitment Type: Local Recruitment
Location: Chennai,India
Required Language(s): English
Preferred Language(s):
Closing Date: 5/16/2025 (MM/DD/YYYY) at 11:59pm UTC
Description
Are you a very passionate advocate for education Do you want to make a difference in the lives of children The Global Partnership for Education Secretariat (GPE) would like to hear from you.
Who We Are
GPE is a shared commitment to end the world's learning crisis. It is the only global partnership and fund dedicated entirely to helping children in lower-income countries get a quality education, so they can unlock their potential and contribute to building a better world. We bring together governments, teachers, civil society, donors, United Nations agencies, development banks, businesses and private foundations to transform education systems so that every girl and boy can have hope, opportunity and agency.
What We Do
GPE helps low- and lower-middle-income countries to build stronger education systems so that all children can get the education they need to thrive. We currently support nearly 90 countries where the needs are greatest and focus on reaching the children who are the most vulnerable, including girls, children with disabilities and those affected by extreme poverty or conflict. Our unique approach works. Since 2002, 160 million more children in GPE partner countries have set foot in classrooms for the first time, more than half of them girls. GPE is also the largest provider of education grants in the global COVID-19 response, providing partner countries with vital resources to ensure that learning can safely continue.
How We Work
Now, GPE is working to help governments transform their education systems to get the most vulnerable children in school, improve teaching and learning, and build equitable, inclusive and resilient education systems fit for the 21st century. Between 2020-2025, GPE will support transformative change in up to 90 countries and territories, which are home to 1 billion children. Transforming education is about creating lasting changes and achieving impact at scale. GPE sets out to deliver this transformative change by convening partners, mobilizing funds and catalyzing reforms to help partner countries accelerate access, learning outcomes and gender equality.
Raise Your Hand
In July 2021, the Global Education Summit put GPE firmly on the path to be fully-funded by 2025, by raising a record US $4 billion from donors for GPE's Raise Your Hand campaign. At the Summit, Heads of State and Government from partner countries made historic commitments to education financing and GPE also mobilized an unprecedented number of pledges from businesses, private foundations and development banks.
A fully funded GPE would support transformed education systems in up to 90 countries and territories, enable up to 175 million children to learn and help get 88 million more girls and boys in school by 2025. In the longer term, this investment could add $164 billion to economies in GPE partner countries, lift 18 million people out of poverty, and protect 2 million girls from early marriage.
Governance And Organizational Arrangements
The GPE Board of Directors includes ministerial-level board members and alternates representing 20 constituencies that reflect the Partnership's breadth. The Board Chair is HE President Jakaya Kikwete and the Board Vice Chair is Ms. Christine Hogan. The Board of Directors, with its three standing committees, provides policy and strategic oversight and approves or delegates funding decisions.
The GPE Secretariat, with 160 employees and hosted by the World Bank, is responsible for translating the policies and strategies set by the Board into practical support for partner countries, coordinating with diverse stakeholders and galvanizing global support for SDG4. The Secretariat's headquarters are in the World Bank's offices in Washington, D.C., with a European office in Paris, an Africa office in Nairobi, a satellite office in Brussels, and a support office in Chennai.
ABOUT THE TEAM
The Finance & Grant Operations (FGO) team focuses on fiduciary matters, grant processing, monitoring and administration, risk, innovative financing, and trustee finance.
The Risk and Compliance Practice is primarily responsible for setting policies, processes, standards and guidelines to ensure fiduciary oversight for GPE grants, throughout the different stages of the project life cycle, as well as maintaining GPE's risk framework, and monitoring and reporting on associated risks and conducting due diligence of GPE partners. The key tasks performed by the practice include biannual corporate risk updates to the GPE Board, due diligence reviews, developing and updating policies and guidelines for fiduciary oversight of GPE grants, grant agent accreditation, overseeing application of misuse of funds policy and Protection from Sexual Exploitation, Abuse and Harassment (PSEAH) policy, and monitoring and reporting on incidents of misuse of funds and SEAH. The practice also provides training for regional staff and supports regional grant finance staff as needed on fiduciary quality assurance of grant applications/revisions, and fiduciary oversight of grant implementation (including review of audit reports, progress reports, and completion reports).
ABOUT THE JOB
This position will be based initially in Chennai, India but may be relocated if business needs arise that make it necessary to do so .
Description
The Finance and Risk Analyst will report to the Team Lead of the Risk and Compliance Team and will support work on risk management, due diligence, fiduciary oversight of GPE grants, and any other duties as required.
Duties And Accountabilities
- Risk management: The Finance and Risk Analyst, under the supervision of the Risk and Operations Officer, will support critical work on the risk management function. These include:
- Support the development and/or revision of the risk management framework including the risk policy, the risk taxonomy, the risk appetite statement, and related key performance, control and risk indicators.
- Development and implementation of risk management processes and tools enabling the identification, assessment, mitigation, and reporting of risk, including and not limited to risk models, risk quantifications and online risk dashboard.
- Monitor, analyze, and prepare reports on implementation of risk mitigation actions and plans.
- Support the preparation of data analysis, reports and presentations for the Board and relevant Committees as required.
- Conduct compliance reviews as directed to examine implementation of mitigation actions, and key business processes, and controls that are critical to effective risk management.
- Support development of key corporate deliverables in relation to corporate and operational risk management as required.
- Any other duties as required.
- Due diligence: The Finance and Risk Analyst, under the supervision of the Risk and Operations Officer, will support critical work on the due diligence function. These include:
- Liaise with GPE Business Units on due diligence matters and provide advice and timeline for due diligence review in accordance with the Due Diligence Framework.
- Manage GPE due diligence research and evaluation of information on entities considered for engagement, resulting in the formulation and delivery of relevant and focused recommendations around existing opportunities, related integrity issues and effective risk management measures.
- Manage the Know Your Client (KYC) process, communicating directly with prospect when required and in close collaboration with Relationship Managers and Risk and Compliance Team. Coordinate the collection of the required KYC and other documents from prospect.
- Perform due diligence reviews following the decision-making framework for determining whether the GPE may enter an arrangement with a non-sovereign donor. The due diligence review involves performing desk reviews of documents, reports, procedures, governance mechanisms, financial statements, etc., performing risk and compliance checks, performing reputational risk assessments, conducting interviews, investigations, reviewing, and/or auditing to verify facts and information using third-party websites and other search services.
- Provides clear, targeted, and objective analysis of market data related to private sector prospects against GPE mission and due diligence criteria, including through the effective use of specialized external sources and providers.
- Analyze key findings, resulting in the formulation and delivery of relevant and focused recommendations around existing opportunities, related integrity issues and effective risk management measures.
- Contribute to sound achieving of due diligence requests and updating of due diligence tracker.
- Any other duties as required.
- Fiduciary oversight of GPE grants: The Finance and Risk Analyst, under the supervision of the Grants Finance Officer, will support critical work on fiduciary oversight of GPE grants. These include:
- Contribute to semi-annual updates to the relevant Board Committee and regular updates to Leadership Team (CEO, DCEO, CFO) and the Board restricted list on misuse of funds and PSEAH.
- Support accreditation process for new grant agents, as well as documenting and following up on accreditation action plans, where applicable.
- Provide surge capacity for fiduciary oversight work as required.
- Any other duties as required.
Selection Criteria
Education
Bachelor's degree in finance, accounting, economics, risk management or relevant field of study. A Master's degree in any of these fields and/or Professional risk management (eg. PRM, IRM,) or accounting qualification (e.g., CPA, ACA, ACCA, CIMA, CIPFA) would be preferred. Knowledge of risk models and risk quantification is an advantage.
Experience
2 years of experience or equivalent combination of education and experience.
Competencies
Accountability & Results Focus - Manages own work; takes responsibility for own decisions, deliverables and deadlines. Doesn't let the pursuit of perfection prevent forward progress. Seeks clarity when needed to move work forward. Takes ownership of own mistakes, failures or oversights, and seeks to correct them. Raises issues or differences of opinion that threaten progress.
Adaptability - Has high degree of flexibility - responds to changing circumstances without losing momentum. Learns new skills and performs work in different ways. Remains calm in stressful situations. Professionally deals with personal discomfort in a changing work environment.
Collaboration & Teamwork - Actively collaborates with others and displays and open, helpful disposition. Acts as a teammate, stepping in to support colleagues when asked. Recognizes and values the role of each team in delivering on GPE's mission. Approaches challenges and obstacles as shared challenges to be overcome.
Communication & Interpersonal Skills - Has experience & success working in multicultural environments. Speaks and writes clearly and effectively, adapting language, tone, style and message to diverse, multicultural audiences. Is able to communicate complex information in succinct and digestible ways. Shares information and keeps people informed; Operates with transparency, in a way that builds trust in a culturally diverse environment. Maintains productive working relationships with colleagues.
Planning & Organizing - Works well independently and in teams. Plans and prioritizes work effectively, adjusting as needed to accommodate changes. Sets and meets individual deadlines. Ability to work under pressure and against tight timelines, and still deliver high-quality work.
BENEFITS FOR THIS POSITION
Term appointments include, but are not limited to, medical benefits, including dental and vision, Staff Retirement Plan, financial assistance program, life & disability insurance, comprehensive leave policy (minimum 26 days/annum) and parental leave policy (50-100 days).
DIVERSITY AND INCLUSION
Poverty has no borders. Neither does excellence. This is why we continually search for qualified individuals with a diverse set of backgrounds from around the globe. 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, creed, race, color, ethnicity, sexual orientation or disability.
GPE has a zero-tolerance policy against all forms of sexual exploitation, abuse and harassment. Every GPE staff member is expected to abide by the
GPE Prevention of Sexual Exploitation, Abuse and Harassment (PSEAH) policy and play an active role in identifying, reporting, and working to prevent SEAH at GPE. Not doing so will constitute a violation of their employment contract and will be grounds for dismissal.
Individuals with disabilities may be provided reasonable accommodations to perform essential functions of the role and support in receiving other workplace accommodations. Please contact the DAF-Disability Accommodation Fund at [Confidential Information] for further information and support.
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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