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Risk and Operations Officer

Job #: req10154
Organization: World Bank
Sector: Risk
Grade: GF
Term Duration: 2 years 0 months
Recruitment Type: International Recruitment
Location: Washington, DC,United States
Required Language(s): English
Preferred Language(s): French
Closing Date: 12/1/2020 (MM/DD/YYYY) at 11:59pm UTC


Description

Are you a passionate advocate for education with honed technical skills?  Do you want to make a difference in the lives of children in the world’s poorest countries?  The Global Partnership for Education (GPE) would like to hear from you. 

Who we are 

GPE is a shared commitment to ending 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. With nearly 20 years’ experience helping partner countries to get more girls and boys in school and learning, we convene teachers, civil society, donors, United Nations agencies, development banks, businesses and philanthropists behind partner country leadership to finance and support solutions so that no child is left behind. 

What we do

GPE convenes partners and mobilizes funds to help governments in 76 lower-income countries build and finance strong and sustainable education systems that deliver quality learning to more girls and boys, especially those who are marginalized by poverty, gender, disability or displacement. GPE focuses on driving transformation at scale to get the most vulnerable girls and boys in school, improve teaching and learning, and build resilient education systems capable of withstanding shocks and adapting to new challenges. GPE’s approach achieves lasting impact by convening partners behind country leadership. We support government efforts to advance teaching and learning for the 21st century, mobilize more and better financing, and scale up proven solutions for the world’s poorest and hardest-to-reach girls and boys. 

Raise Your Hand 

GPE is currently calling on world leaders to “Raise Your Hand” and pledge at least US$5 billion to help GPE transform education in up to 87 countries, which are home to more than 1 billion children. Over the next five years, this funding will help ensure that 175 million children can learn and enroll 88 million more children in school. In the longer term, this investment could add $164 billion to economies in the developing world, lift 18 million people out of poverty, and protect two million girls from early marriage. 

The GPE secretariat is hosted by the World Bank and has headquarters in Washington D.C and Paris, and an office in Brussels. 

Management

GPE grants are implemented by Grant Agents who use their own policies and procedures to manage the funds entrusted to them. These Grant Agents include multilateral agencies, bilateral agencies, and International NGOs. The GPE Secretariat plays an important role in understanding the various risks inherent across the Partnership and in its grant portfolio.

The GPE risk framework helps the partnership make informed decisions and provides the basis for identifying, assessing and monitoring GPE’s risk profile on an ongoing basis. The framework promotes a consistent approach and a shared understanding of risk management, in line with the GPE Charter and GPE Strategy.
GPE's Risk Management Framework and Policy is based on internationally recognized standards and guidance (e.g. ISO 31000 and COSO). It comprises:

• A set of policies, management processes and tools that details roles and responsibilities pertaining to risk and the frequency of updates.
• A risk taxonomy that provides an exhaustive list and classification of all the risks that GPE is facing at a given point in time.
• A risk appetite statement that provides a high-level indication of how much risk GPE is willing to tolerate to achieve its goals and objectives.
• A three lines of defense model that describes the roles and responsibilities of key stakeholders of the partnership with regards to risk management at 3 levels: grants, partnership, and Secretariat.
• A list of key risk indicators, control indicators and performance indicators.

The GPE Secretariat publishes a corporate risk update report every 6 months to discuss the most critical risks that could affect the partnership to achieve its mission and strategic goals. The report uses the new methodology approved in June 2019, which uses a more quantitative approach to risk management through the use of risk indicator data collected through the dashboard. Each GPE Board committee provides oversight for particular assigned risks and sub risks. The Finance and Risk Committee (FRC) provides oversight on all high and very high risk and sub risks categories.

Given the growth in the overall grant portfolio, diversification of grant agents, and funding mechanisms, and the future strategy and operating model, the Secretariat is seeking to add an experienced Risk and Operations Officer to the R&C Team reporting to the R&C Team Lead. The R&C Team is a sub-team within Finance and Grant Operations (FGO), led by GPE’s Chief Financial Officer (CFO).

Duties and Accountabilities

The position reports to the R&C Team Lead.  The position has the following responsibilities:

• Lead implementation of GPE's risk management policy by ensuring that appropriate control procedures and processes are designed to ensure that GPE's risk identification, assessment, mitigation and monitoring capabilities are commensurate with GPE's increasing size, complexity and risk profile.
• Contribute to providing a coherent risk culture and risk management philosophy that becomes effectively embedded throughout the organization.
• Continue to improve risk management tools, practices, and policies enabling the identification, assessment, mitigation, and reporting of risk according, including adapting risk indicators and other risk elements to the new GPE Strategy 2025.
• Work with the IT team to make further adaptations to the risk management dashboard.
• Coordinate implementation of risk mitigation actions and plans, reporting major and critical risk issues to GPE management.
• Further develop internal processes to identify and assess risk, and to develop appropriate mitigation actions, and mechanisms for monitoring and reporting.
• Work with the Country Engagement and Policy team to ensure regular monitoring and mitigation of implementation risks of the country grant portfolio, in particular for high-risk grants.
• Prepare reports for the Committees and Board as required per the risk policy or applicable Board decisions and make presentations accordingly.
• Advise Secretariat staff in best practice on risk management in order to develop their expertise and enhance their capabilities to manage risk.
• Support development of key corporate deliverables such as replenishment, strategic plan development, new business initiatives as required ensuring risk management is adequately considered
• As needed, provide support with finance reviews of grant applications, audit reviews and progress reports, particularly in relation to risk elements.
• Undertake other operational projects or duties as determined by the R&C Team Lead or CFO. 

Selection Criteria

• Relevant Master’s degree is required (eg Risk Management, Accounting, Finance, Economics, International Development, Education, etc.).
• At least 5 years ‘experience in international development, preferably with some experience in the education sector.
• Demonstrated experience in leading risk policy development is essential.
• Experience living and working in developing countries would be a plus.
• Proven track record working with multi-lateral and bilateral agencies, International NGOs, and developing country partner governments.
• Strong analytical, presentation, writing and facilitation skills.
• High levels of energy, initiative and flexibility in quickly adjusting to changing work program requirements. Ability to juggle numerous competing demands and priorities, respond quickly to internal and external client requests, and set priorities for self and others.
• Strong technical skills and knowledge in risk management, and ability to convey complex technical ideas to a non-specialist audience.
• Fluent in English, including verbal and written communications. Similar proficiency in French is desired.
• Previous work experience with the Global Partnership for Education would be a plus.

Travel commitment may be up to 10% of time.

Competencies 

• Lead and Innovate - Develops innovative solutions with others.
• Deliver Results for Clients - Achieves results and identifies mission-driven solutions for the client.
• Collaborate Within Teams and Across Boundaries - Initiates collaboration across boundaries and broadly across WBG and brings differing ideas into the forefront.
• Create, Apply and Share Knowledge - Creates, applies and shares knowledge from across and outside WBG to strengthen internal and/or external client solutions.
• Make Smart Decisions - Recommends and takes decisive action.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.