The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are: Algeria, Ecuador, Gabon, Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and the Bolivarian Republic of Venezuela.
We are recruiting to fill the position below:
Job Title: Funding Officer – Treasury, Financial Operations Department
Location: Austria
Job Profile
- The position of Funding Officer-Treasury is responsible for supporting the OPEC Fund’s borrowing program including Treasury operations with respect to ratings, issuance and investor relations activities.
- The candidate coordinates with other functions and stakeholders in the funding process across the Fund in accordance with the borrowing strategy and framework.
- Furthermore, the position holder is expected to have acquired the necessary experience and skills to fulfil the responsibilities related to debt funding, fixed income trading and hedging operations. The position has no supervisory function/s.
Duties and Responsibilities
- Assist in the development and execution of OPEC Fund’s annual borrowing program in accordance with the Board’s approved liquidity policy
- Formulate new funding strategies, taking note of net cash requirements, current market conditions and future debt market projections
- Take part in the resource mobilization activities from capital markets through recommending and executing transactions based on target size, terms, currency, and maturity, while ensuring compliance with the Fund’s policies and borrowing strategy
- Assist in the structuring of bond issues and obtaining clearance from the relevant committees while maintaining compliance with the OPEC Fund’s risk management policies relating to liquidity, treasury operations and ALM
- Negotiate with financial institutions, execute borrowing transactions and related swaps in accordance with approved terms and ensure timely completion and accuracy of documentation with the assistance of the Legal Department
- Research and recommend trustees, paying agents and other related parties for execution of capital market activities
- Prepare OPEC Fund’s Information Statement and prospectuses/offering circulars for new borrowing, ensuring accuracy and completeness of information contained therein
- Participate in deal roadshows, investor conferences and develop investor database/portal
- Develop a relationship with key external stakeholders, including bond investors, regulators, banks, rating agencies, external auditors, external legal advisors etc.
- Align with Senior Funding Officer and other functions within the Financial Operations Department as well as other stakeholders in the funding process across the Fund
- Carry out other related duties as may be directed by the Director, Treasury.
Qualifications and Experience
- Master’s Degree or equivalent in Business Administration, Finance, or related fields
- A minimum of 5-7 years of relevant experience
- Preferably 3 years of experience in an international development institution.
Competencies:
- Working knowledge of debt capital markets, fixed income portfolio management, derivatives, asset-liability management, and financial and risk management
- Proven skills in trading, risk management and hedging
- Fluent in English. Good working knowledge of other major languages is an added advantage.
- Strong interpersonal, teamwork and analytical skills, as well as high level of integrity and drive for achieving results
- Proficient in the use of Treasury Management Systems and Bloomberg’s information and trading platforms
- Ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.
Method of Application
Interested and qualified candidates should:
Click here to apply online
Job Title: Admin Assistant
Location: Austria
Specific Tasks
- Typing, and when necessary composing routine memos, correspondence, reports, and presentations.
- Overseeing the preparation of all documentation to high standards of presentation and accuracy.
- Ensuring that standard office practices and routines are functioning effectively on an ongoing basis.
- Contacting other staff members to ensure appropriate follow-up and delivery of critical official activities.
- Handling on a routine basis, highly confidential information in a professional manner.
- Checking outgoing mails for accuracy and conformity with policies and specific instructions.
- Performing other standard secretarial functions such as filing, accurate record keeping, photocopying, handling inquiries, making meeting arrangements, all in a consistent manner with official guidelines.
Qualifications and Experience
- Formal secretarial training from a recognized institution will be an asset.
- Minimum of five years relevant experience, preferably in an international environment.
Skills and Competencies:
- Extensive knowledge in the usage of office technologies, such as Microsoft Office applications (Word, Excel, PowerPoint, etc.), intra/internet as well as on-line database management.
- Excellent verbal and written communication skills, fluency in English and German is highly essential.
- Working knowledge of Arabic, French and/or Spanish will be an asset.
- Ability to work independently with minimum supervision and guidance.
- Good interpersonal, organizational and time management skills.
Method of Application
Interested and qualified candidates should:
Click here to apply online
Job Title: Senior Accountant, Financial Operations Department
Location: Austria
Job Profile
- The position of Senior Accountant is responsible for the maintenance of the OPEC Fund’s chart of accounts and their balances, complete quarterly accounting closing and preparation of accurate and timely financial statements in conformity with International Financial Reporting Standards (IFRS) accounting principles.
Duties and Responsibilities
- Implements an adequate Internal Control System and supports the Director, Financial Controls in coordinating policy development
- Updates accounting policies in line with IFRS and implements applicable new standards
- Leads the implementation of enhancement to existing and/or new SAP-based multi-modular accounting systems
- Oversees budget implementation and compliance, using as a reference the approved administrative budget and cost center allocation
- Ensures internal controls are fully integrated, embedded and continuously strengthened in the reporting processes and accounting systems in accordance with business needs
- Reviews and monitors records of all incoming and outgoing accounting and financial working documents into the General Ledger
- Conducts reconciliation, ensuring uniformity and consistency in recording and reporting transactions
- Performs quarterly accounting closings for financial reports
- Produces financial statements and other financial reports, accurately and on time
- Coordinates engagement with internal and external auditors
- Coordinates the work of the Accounting function
- Develops and mentors junior staff and supports personal development plans
- Formulates solutions and recommendations, and provides central direction and control over complex theoretical and practical accounting, budgeting and reporting matters not covered by standard practice or precedent
- Identifies improvement opportunities in all areas of accounting; initiates evaluation studies and analysis, and provides Management with recommended solutions
- Carries out other related duties as may be directed by the Director, Financial Controls.
Qualifications and Experience
- Master’s degree or equivalent in Accounting and Control/Business Administration, majoring in Accounting, Financial Management or other relevant fields
- Recognized accounting certification such as CA or CPA
- A minimum 10 years of relevant experience
- Preferably 3-5 years of experience in an international development institution
- Preferably a certification/diploma in financial reporting under IFRS.
Competencies:
- Demonstrable experience in working with financial reporting and knowledge of IFRS
- Familiarity with SAP-FI R3 ERP system
- Fluent in English. A good working knowledge of other major languages is an added advantage
- Excellent interpersonal, leadership, teamwork and analytical skills, as well as high level of integrity and drive for achieving results
- Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.
Method of Application
Interested and qualified candidates should:
Click here to apply online
Job Title: Director for Policy, Market and Operational Risk
Location: Austria
Job Profile
- The position is responsible for leading, planning, and overseeing the development and maintenance of risk policies as part of the OPEC Fund’s comprehensive risk management framework and managing market risk and operational risk.
- The risk management framework covers capital adequacy and all major risks in the OPEC Fund’s operations, including liquidity, credit, market, asset and liability (ALM), and operational risks, as well as credit approval and monitoring, risk rating, and loan pricing.
Among the major tasks include:
- Developing and maintaining risk policies;
- Measuring, mitigating, and monitoring market, counterparty, ALM, liquidity, and operational risks;
- Preparing risk reports; and
- Developing and implementing IT support for market and operational risks. The position supervises one senior risk officer and two risk officers.
Duties and Responsibilities
- Lead and oversee the development, implementation, and maintenance of risk policies, processes, methodologies, and systems for managing all major risks in the OPEC Fund’s operations
- Oversee assessment, mitigation, monitoring, and reporting of major risks in treasury operations, including market, credit, counterparty, ALM, and liquidity risks
- Lead and oversee the development and implementation of risk analytics for managing market and credit/counterparty risks in treasury operations
- Provide advice and recommendations on asset allocation strategy taking into account the OPEC Fund’s liquid asset investment objectives, risk appetite, and risk/return profile of different asset classes
- Oversee performance measurement of the liquidity portfolios against set objectives, policies, and benchmarks
- Provide assistance and advice in relation to external fund managers, including selection, performance measurement, and assessment of investment strategies
- Oversee the development and implementation of valuation models for treasury liquid assets, borrowings, and related hedging transactions
- Lead and oversee assessment, mitigation, and monitoring of operational risks across all units at the OPEC Fund
- Lead and oversee development and implementation of workshops on assessment and mitigation of operational risks
- Lead and oversee development and implementation of IT support system for storing, monitoring, and reporting operational risk data
- Oversee periodic reviews and enhancements of risk policies, processes and methodologies
- Lead and oversee IT projects and other special projects to meet risk management requirements
- Oversee the development and preparation of the market and operational risk section of the quarterly risk management report
- Work closely with other departments within the bank to promote risk culture and improve risk compliance
- Develop and maintain relationship with key external stakeholders, including treasury counterparties, external fund managers, development financial institutions, and rating agencies
- Carries out other tasks assigned by the Senior Director, Risk Management Department.
Qualifications
Education and Experience:
- Master’s Degree or equivalent in either Business Administration, Finance, Accounting, Economics or related fields
- Minimum 15 years of investment, treasury, and/or risk management experience with global or regional banks, fund managers, or multilateral/bilateral development financial institutions with specific experience in market risk, fixed income portfolio management, operational risk, and policy development
Competencies:
- Extensive knowledge of financial concepts and quantitative tools of risk measurement and reporting, particularly in relation to fixed income portfolio management, funding operations, and operational risk
- Excellent understanding of treasury operations, fixed income portfolio management, cash and derivative markets
- Strong quantitative skills in the area of market and counterparty risk management and derivative
- Excellent verbal and written communication skills in English, including the ability to prepare and deliver coherent presentations; working knowledge of other major languages will be an added advantage
- Excellent interpersonal, analytical, leadership, and supervisory skills, as well as high level of integrity and drive for achieving results
- Proven negotiation and decision-making skills
- Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity
Method of Application
Interested and qualified candidates should:
Click here to apply online
Job Title: Officer – Policies, Risk Management Department
Location: Austria
Job Profile
- The position of Officer-Policies develops, implements and maintains the OPEC Fund´s risk management framework comprising of policies, processes, and methodologies, and supports the development of the IT infrastructure for risk management, all in accordance with the institutional risk framework, in order to prevent, minimize, and mitigate risk.
- The position has no structural supervisory function/s.
Duties and Responsibilities
- Develops, implements and maintains risk management policies, methodologies, and systems for identification, measurement, mitigation, and reporting of the risks in OPEC Fund’s operations (capital adequacy, liquidity, credit risk, market risk, operational risk, asset and liability management, and provisioning).
- Develops and implements policies and methodologies for determining economic capital requirements and allocations, prudential minimum liquidity, and loan loss provisioning.
- Develops and enhances risk models and methodologies for measuring various risks in OPEC Fund’s operations.
- Develops, implements and maintains risk rating methodologies and tools for a structured credit risk analysis.
- Ensures the consistency of rating assignments and tests the predictive power of OPEC Fund’s rating tools.
- Provides feedback to and consults with operations departments to identify risk issues and develop solutions that satisfy the technical and business need.
- Develops and maintains OPEC Fund’s tool for Risk-Adjusted Return on Capital (RAROC) pricing of credit transactions.
- Advises on risk policy and methodology matters.
- Supports IT projects and other specialized projects to meet risk management requirements.
- Researches and analyzes various matters related to risk management to ensure alignment of OPEC Fund’s risk policies and methodologies with industry best practices.
- Assists in the preparation of quarterly and annual risk management reports.
- Carries out other tasks assigned by the Director, Market Risk, Operational Risk & Policies (MOP).
Education and Experience
- Master’s degree in Accounting/ Commerce / Finance/ Economics or equivalent professional qualification
- Minimum of 7 years of banking/ risk management experience
- Preferably 2-3 years of experience with international banks or multilateral development financial with focus on development of risk policies, methodologies, and IT systems
- A professional financial or risk management qualification is an added advantage
Competencies:
- Demonstrable knowledge of risk management concepts and principles in the context of multilateral development financial institutions, covering capital adequacy, liquidity, credit risk, market risk, operational risk, asset and liability management, and provisioning
- Good knowledge of credit rating and pricing methodologies
- Good understanding of lending and investment practices, banking products, and rating agency methodology
- Demonstrable understandi ng of the application of risk management methods to information technology and vice versa
- Fluent in English. A good working knowledge of other major languages is an added advantage
- Strong interpersonal, teamwork and analytical skills, as well as high level of integrity and drive for achieving results;
- Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity
Method of Application
Interested and qualified candidates should:
Click here to apply online
Leave a Reply