IDB2872 - Director Strategy, Budget, and Corporate Performance Department

Business Unit: President Complex
Division: Not Applicable
Department: Strategy, Budget, and Corporate Performance Department
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 08-Oct-2022

Job Purpose:

The Director leads the (i) Strategy; (ii) Budget; and (iii) Corporate Performance and Results of Bank to ensure that the Bank’s strategy is reflected in an integrated corporate work plan and in departmental planning. S/he leads the effective and appropriate resource allocation across the Bank towards achieving strategic objectives and pillars in Member Countries (MCs) and non-MCs. Accordingly, the incumbent oversees the development and implementation of the IsDB Corporate Strategy, the formulation of IsDB's annual administrative and capital budgets and the monitoring of the Bank-wide corporate performance and development results

 

The Director coordinates with all Business Units within the IsDB and relevant Business units of entities in strategy, budget and corporate performance & results matters to materialize the Group Synergy approach. S/he maintains relationships with Strategy, Budget, and Corporate Performance & Results functions of other MDBs to adopt best practices. The Director plays a prominent role in keeping the Bank as a development effectiveness-focused organization in line with its articles of agreements and policies. S/he is therefore responsible for ensuring that IsDB is highly credible within the global dynamic development arena.

 

Under the guidance of the IsDB Group Chairman, Budget, Corporate Performance Management Committee and in liaison with the CEOs of the entities, the Director facilitates the institutional framework and processes for setting coherent Results-Based Management Framework (RBMF) within IsDB and across IsDB Group. It ensures the coordination and monitoring of the RBMF implementation within a cohesive IsDB Group synergized business strategy and in close collaboration with all concerned units.

Key Accountabilities:

Strategy Planning and Management:

  • Coordinate the development and implementation of the organizational Strategy and the related annual  business work plans.
  • Ensure that the Bank's strategic priorities are objectively cascaded down to all departments/ units into their work plans.
  • Drive the development of the Bank’s Integrated Work Program based on consolidation of inputs of all BUs in the form of strategic priorities, budgetary allocation, and KPIs targets in close collaboration with the complexes’ leadership.
  • Support the IsDB engagement with international institutions, and with global / regional bodies that focus on global development policies and themes that are of interest to IsDB Member countries.
  • Direct the strategic alliance opportunities that can advance the Group’s policy objectives globally, and its vision of socio-economic development for its MCs.
  • Advance the Group’s mission and deliver on obligations by contributing to targeted and timely high-impact policy and advocacy initiatives that promote effective and greater influence on issues critical to IsDB’s development objectives
  • Provide advice to the Senior Management on the effectiveness of strategy implementation and on strategy foresights.

Budget Management:

  • Institutionalize the strategy-led budgeting process by implementing innovative budgetary applications, processes, and as per the best management accounting principles.
  • Lead the provision of the annual budget framework for review by management committees (Budget, Corporate Performance Management Committee), and Board of Executive Directors; identifying opportunities for savings and redeployment; and providing feedback on implementation.
  • Lead, in collaboration with the concerned Departments/units, the development and enhancement of the Bank's policies and procedures related to the budget and corporate performance to facilitate decisions on business and operations.
  • Ensure that institutional budget submissions to the Board of Executive Directors (BED) include the operational plans and budgets prepared based on objective requirements.
  • Incorporate the decisions of the Budget, Corporate Performance Management Committee prior to the clearance of the President and subsequent submission to the BED for approval.
  • Present recommendations on maximizing cost efficiencies and reallocating resource expenditures to priority areas to ensure that budget resource allocation is linked to the work plans of the Bank from a utilization point of view and from the operational plan perspective.
  • Develop Capital Expenditure rules, guidelines and procedures to facilitate the formulation of the IsDB Capital Expenditure Program for planning, monitoring and controlling the Bank's capital expenditure.
  • Promote the implementation of tools for performance management
  • Lead the development of periodic consolidated reports for IsDB Management and the BED on the Bank’s development effectiveness and corporate performance and results against the KPIs.
  • Report on overall bank-wide portfolio performance, administrative work program and effective utilization of budget for the executive management in collaboration with all complexes.

Corporate Performance and Results Management:

  • Lead  the development of IsDB and IsDB Group-wide RBMF as principal tool for strategy implementation, in alignment with the Bank’s strategy
  • Develop Operational and Budget plans that reflects organizational objectives and incorporating the best industry practices of MDBs by working closely with all Complexes and entities.
  • Lead the coordination with all BUs on setting annual KPIs and Targets and consolidation of performance and results on Bank wide basis
  • Lead the development and issuance of progress reports, success stories on development effectiveness and bank-wide portfolio performance.
  • Lead the development of a corporate performance dashboards.

Strategic Stakeholders’ Management:

  • Work directly with senior Management across IsDB Group, including President, Head of Complexes, CEOs and other strategic stakeholders as requested by the President.
  • Work collaboratively with the Executive Office of the IsDB’s President and all relevant units to design, execute, and lead multiple teams through organizational change efforts of varying size and complexity.
  • Present the quarterly management information reports for the senior management, BED and wider stakeholders in the form of progress reports on Re-aligned Strategy and its implementation efforts.
  • Present recommendations to senior management on maximizing efficiencies and opportunities to priority areas ensuring resource allocations are aligned with IsDB strategic priorities and linked to the work plans.

Knowledge Sharing and Capacity Development:

  • Collaborate with MDBs specialized practice groups such as the IFI Strategy, Planning, Budgeting & Performance Management Network, to seek innovative concepts, ideas, techniques, etc. and adapt best practices from within the IFIs community.
  • Engage actively with major international development partners in the areas of strategic foresight, development effectiveness, corporate performance, and results with the objective of bringing the best international practices to the IsDB and promote the Bank’s standing in the international development arena.
  • Contribute to positioning IsDB as a credible and global development effectiveness that fosters positive impact
  • Serve as a focal point and 'resource center' for all matters related to strategy, budget and corporate performance.
  • Collaborate with Knowledge Solutions team in the IsDB Institute to ensure operational results are readily available for future use.
  • Keep abreast of developments relating to corporate policies, guidelines and procedures and Strategies, Business Plans and Special initiatives as well as with best practices at other MDBs.
  • Contribute to work of the Directorate of General Counsel to update the Operations Manual and DoA.

Leadership, People and Culture Responsibilities:

  • Demonstrate strong leadership at an institutional level with the objective of effective cascading of strategy, and of facilitating an approach to achieve Bank’s goals/objectives and an effective communication at a senior management level.
  • Play an instrumental role in promoting a performance and results driven culture in the Bank via an active engagement with the Bank’s leadership and with its peers in other MDBs.
  • Act as a convener for the Budget and Corporate Performance Committee by ensuring quarterly meetings as per the charter and informing the Committee about the strategy implementation, performance and results of the Bank in critical areas with the objective of improving efficiencies and effectiveness.
  • Provide motivational and inspirational leadership for the Department and communicate direct reports on clear performance expectations.
  • Manage the performance and resources of the Department through delegation of authority, setting stretch objectives and providing regular feedback on results at a department level, promptly addressing areas of underperformance.
  • Monitor and assess the skills and capabilities of the Department and determine the actions needed to increase the Department’s performance.
  • Support filling in key capability gaps through staff development and recruiting.
  • Coach, mentor and develop the direct reports and the top high potential staff.
  • Act as a role-model for the Department staff in issues related to IsDB's cultural model, values and leadership competencies and provide direction and support in times of change.

 

 

EDUCATION, CERTIFICATION & EXPERIENCE::

Academic and Professional Qualifications: 

  • Master’s degree or PhD in Development Studies, Economics, Finance, Accounting, MIS, Business Administration or any related areas
  • Professional certification in Strategy, Monitoring & Evaluation and/or Finance Management is a plus.
  • Minimum 13 years of experience in development strategy, finance and/or corporate performance work preferably in an international / multilateral development sector (MDBs, UN, etc.).
  • Relevant experience in Strategy, Budget, Performance Management, Results is preferable.
  • 7+ years of MDBs managerial/ supervisory experience.

 

Skills & Necessary Knowledge::

  • Ability to identify and propose innovative and digital solutions to problems related to organization development
  • Strong written and verbal communication skills in English.
  • Ability to work under pressure.
  • Team player, with an ability to manage and supervise junior and/or support staff or consultants, as required.
  • Extensive knowledge of the global development, corporate finance, and development financing.
  • Extensive knowledge of financial reporting, budgeting, corporate performance management and financial analysis.
  • Ability to draw actionable steps from IsDB overall strategy.
  • High degree of confidentiality and protection of sensitive information.
  • Ability to maintain a rational and objective demeanour when faced with stressful or emotional situations.
  • Ability to carry out performance evaluations at complex and direct report level.
  • Ability to plans and prioritize tasks effectively.
  • Influence others using rational arguments. Identify basis for compromise and reaches agreement.
  • Consistently works to a high standard and looks for ways to improve current working practices and processes.

Languages::

English: Mandatory

 

Arabic: Preferred 

France: Preferred