Description

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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.

IFC’s Vice Presidency for Corporate Support (COSVPU) integrates Budget and Business Administration, Human Resources, Communication & Outreach, Strategy & Operations Management, and Information & Technology departments under one umbrella to enable execution of IFC’s strategy and address operational needs in the most effective manner.

IFC’s Budget & Administration Department (CBA) includes budgeting, investment and advisory support, administration, procurement support and real estate and facilities management functions. CBA has the mandate to connect the dots across the organization and bring insight and consistency to IFC’s resource management and its global real estate and procurement delivery.

IFC is seeking a dynamic individual for the position of the Director, Budget and Business Administration (CBA Director), reporting directly to the Vice President, Corporate Support. The CBA Director will lead IFC’s budget planning, allocation and utilization, as well as internal controls – ensuring resource efficiency and strategic alignment of resources.  The CBA Director will also oversee IFC’s global real estate and procurement matters.

This position is based in Washington, DC.

DUTIES AND ACCOUNTABILITIES

Resource Management 

•  Oversee planning, allocation and utilization of IFC’s budget resources and ensure alignment between strategy and resources. This includes leading IFC’s annual business plan and budgeting process, monitoring and reporting on expenses to draw insights and ensuring proper control and oversight of IFC’s total resources ($2.1 billion for fiscal year 2025) in support of strategic objectives.
•  Direct the design and implementation of business finance policies and procedures, ensuring a consistent approach across IFC.
•  Steer regular monitoring and evaluation of IFC’s budget performance to ensure appropriate fiduciary care is exercised for all IFC’s budget resources.
•  Establish and maintain appropriate financial controls in line with WBG and IFC-specific corporate standards, policies and procedures.
•  Advocate for and drive operational excellence and efficiency across all department functions and services, promoting transparency, consistency, simplicity, innovation, standardization, and automation while providing high-quality services to internal clients.
•  Drive the implementation of the one WBG global real estate and facilities management standards, including workplace and space standards, policies, and processes.
•  Ensure that the real estate strategy aligns with and supports IFC’s strategic business direction and global footprint goals in close collaboration with senior leadership and business operations.
•  In partnership with IBRD counterparts, oversee ongoing management of IFC’s facilities portfolio in a safe, healthy, secure, sustainable, efficient, and cost-effective manner. Ensure sustainability considerations are integrated into every aspect of IFC’s global real estate portfolio.
•  Oversee the IFC procurement and administration functions in close collaboration with IBRD counterparts.

People/Talent Management 

•  Manage the department staff and consultants, including recruitment, performance evaluations, mentoring, coaching and career development.
•  Deploy and integrate CBA staff and resources across HQ and the region to maximize efficiency and effectiveness, with a focus on consistency of quality and timeliness of service.

Business Partnership/Relationship Management 

•  Build and maintain strong links and trust at all levels within and across IFC and relevant units in IBRD/IDA and MIGA to drive results.
•  Manage relationships and regular reporting to the Board, Budget Committee and other Committees where applicable.

Knowledge Management

•  Develop, capture and disseminate applicable best practices across IFC.

Selection Criteria

•  Master’s degree in Business Administration, Finance or other relevant discipline with a minimum of 15 years’ experience, or equivalent combination of education and experience of progressively senior experience in Budget Administration and Finance.
•  Excellent knowledge and sophisticated understanding of budgeting concepts including budget formulation, expense monitoring, and fundamental financial/expense controls.
•  Substantive experience in a senior managerial finance position. Proven ability to set strategic direction and enact change.
•  Proven ability to recruit, develop and retain high potential talent.
•  Strong record of leadership and empowering and delegating to managers and teams. A “natural” at mentoring and coaching on key development needs.
•  Genuinely collaborative with a proven ability to build effective partnerships with senior leaders.
•  Superior skills in reporting to Board-level stakeholders and providing robust analysis and insights.
•  Comfortable dealing with external auditors and equivalents.
•  Strong track record of driving innovation, simplicity, and efficiencies and enhancing performance using technology, process improvements, training and other tools.
•  Given IFC’s global scope, international experience in at least one other geographic area as an indication of global orientation is advantageous.

Required Competencies 

World Bank Group-wide managerial selection criteria include: (i) courage of your convictions; (ii) leading the team for impact; (iii) influencing across boundaries; (iv) fostering openness to new ideas; and (v) building talent for the future.

If the selected candidate is a current World Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 4 years 0 months term appointment.

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.