Director Strategy, Budget, and Corporate Performance Department

9 سبتمبر، 2022

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IDB2872 – Director Strategy, Budget, and Corporate Performance Department
Location: Saudi Arabia – Jeddah
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.

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.
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:
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 ins