Employment at OPEC Fund for International Development

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 positions below:

 

Job Title: Executive Assistant

Location: Austria

Job Profile

  • The Executive Assistant is responsible for providing secretarial/clerical services to the Office of the Director-General, performs auxiliary administrative duties relevant to the supervisor’s responsibilities and coordinates overall Office activities, within overall policies or instructions.

Duties and Responsibilities
Correspondence:

  • Receives, logs, reviews and distributes all incoming mail.
  • Provides background information and files concerning correspondence and ensures that urgent/important items are drawn to the (Office of the) Director-General’s attention.
  • Drafts correspondence in one or more languages, upon own initiative or on-the-job instructions received, for the signature of the Director-General.
  • Checks outgoing mail for accuracy, conformity with overall policies or instructions, and use of the correct communication channels.

Business meetings / events arrangement:

  • Receives officials and other visitors to the Office of the Director-General and arranges meetings, notifies participants of place, date, time, and subject.
  • Makes arrangements for duty travel, prepares travel authorizations, ensures that visas, vaccination certificates, etc., are in order and completes the required forms.
  • Takes minutes of the meeting and prepares draft records for the Director-General’s approval.
  • Manages the (Office of the) Director-General calendar and assists and advises the Office on a variety of administrative and logistical matters.

Coordination:

  • Assists the (Office of the) Director-General with the coordination of submissions in relation to budget and work programs.
  • Adheres to deadlines and coordinates correspondence, reporting and submissions to Ministerial Council, Governing Board and committees chaired by the (Office of the) Director-General.
  • Ensures that the (Office of the) Director-General has all the relevant files needed for the Ministerial Council and Governing Board Meetings, as well as other high-level meetings, when necessary.
  • Coordinates overall department activities with other assistants within other departments.
  • Coordinates logistical arrangements of workshops and trainings.

Document management:

  • Designs and maintains accurate and effective physical and electronic filing system.

Performs other duties as required by the (Office of the) Director-General.

Qualifications and Experience

  • A Bachelor’s Degree in a relevant field.
  • A minimum of 10 years of professional experience in a relevant field.
  • Preferably at least three years at a responsible level in a large organization, preferably international in nature.
  • Fluent in English and good German proficiency. French, Arabic, or Spanish is an added advantage.

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.
  • 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: Loan Management Officer

Location: Austria

Job Profile

  • The Loan Management Officer is responsible for planning and executing disbursements, issuing collection and settlements, posting loan repayments, interest income, and other relevant fees, non-performing loans, and maintaining accurate records of transactions in the loan accounts, all in accordance with the institutional strategy and framework.
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Duties and Responsibilities
Monitoring and Review:

  • Reviews and validates financial terms and conditions of loans, guarantees and grants.
  • Ensures timely and accurate update of data pertinent to loan terms and conditions in the information systems; prepare loan-billing statements for front-end fees and other origination fees.
  • Verifies the application of arrears sanctions in accordance to the Fund’s policy.
  • Reviews withdrawal applications to ensure compliance with the Fund’s disbursement procedures and contractual obligations prior to payment.
  • Initiates the execution of outgoing payments for loan disbursements, equity investments, and grants.
  • Verifies that disbursements are promptly and correctly posted in the information system; prepares loan statements, and advice on debit/credit, among others, where necessary, for use by the borrowers.
  • Determines applicable interest rate for floating rate loans and issues interest rate setting notice.
  • Completes periodic reconciliation of SAP/CML loan subsidiary accounts with the general ledger, as well as follow up on all outstanding items.
  • Manages the issuance, amendment and cancellation of reimbursement guarantees to commercial banks in consultation with the Fund’s General Counsel & Legal Services and Operations Departments.
  • Analyzes, reviews, and timely issues loan claim letters to borrowers.
  • Tracks repayments due and reconcile allocation of incoming payments through Fund’s accounts and the respective postings in the relevant loan account registry.
  • Identifies follows up and reports loans in arrears.

Reporting:

  • Prepares standard and ad-hoc financial reports.

Coordination:

  • Coordinates with relevant departments, units and officers to ensure the correctness and consistency of data in the information system.
  • Cooperates with the Operations Departments to ensure that the impact of new financial products on financial operations is duly considered prior to implementation.
  • Participates in cross-departmental projects.

Qualifications and Experience

  • Master’s Degree in Finance / Business, majoring in Accounting, Financial Control, Business Administration or other relevant fields
  • Preference for a recognized accounting / finance certification such as the CA or CPA
  • A minimum of 5 years relevant professional experience
  • Preferably 2 – 3 years of experience in an international development institution
  • Fluent in English. Good working knowledge of French, Arabic, German or Spanish is an added advantage.

Competencies:

  • Strong analytical thinking: Ability to use complex analytical techniques to break down problems into pieces and see the complex relationship among them, develop alternatives and calculates the cost/benefit analysis.
  • Team player & demonstrate leadership: ability to value and encourage other members to actively participate in the team
  • Ability to define priorities and set targets, to take decisions based on these and to evaluate the effectiveness of the decisions taken
  • Knowledge of financial accounting; knowledge of exchange rate policies; knowledge of taxation and the design of fiscal regimes for resource extraction
  • A good understanding of the Fund’s operations (particularly the areas of public and private sector, grants operations and trade financing)
  • Proven track record of debt relief and concession issues & put it into excellence in execution and performance
  • Familiar with SAP-CML Enterprise Resource Planning (ERP) systems with a high degree of integration.
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Method of Application
Interested and qualified candidates should:
Click here to apply online

 

 

 

 

Job Title: Senior Risk Policy Officer

Location: Austria

Job Profile

  • The Senior Risk Policy Officer 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.

Duties and Responsibilities
Policy Development and Implementation:

  • Develops, implements and maintains risk management policies, guidelines, methodologies, processes, 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) in line with practices at peer AAA-rated multilateral development banks.
  • Develops and implements policies and methodologies for determining economic capital requirements and allocations, prudential minimum liquidity, and loan loss provisioning in line with practices at peer AAA-rated multilateral development banks.
  • Maintains and enhances guidelines related to pricing of OPEC Fund’s products, including loans and guarantees.

Risk Management and Analysis:

  • Develops and enhances risk models and methodologies for measuring various risks in OPEC Fund’s operations.
  • Leads preparation of data submission to credit rating agencies for the semi-annual or annual review of OPEC Fund’s credit ratings.
  • Leads preparation of risk management inputs to quarterly financial statements.
  • Provides feedback to and consults with the operations department to identify risk issues and develop solutions that satisfy the technical and business need.
  • Advises on risk policy and methodology matters.
  • Supports IT projects and other specialized projects to meet risk management requirements.
  • Assists in developing and maintaining risk data for use by key stakeholders, including member countries, bond investors, rating agencies, and regulators.
  • Assists in the administration of the risk management committee, including coordination and preparation on meeting schedules, agenda, materials, and minutes.

Research and Analysis:

  • Researches and analyzes various matters related to risk management to ensure alignment of OPEC Fund’s risk policies and methodologies with in line with practices at peer AAA-rated multilateral development banks and industry developments (such as the replacement of LIBOR).

Reporting:

  • Assists in the preparation of quarterly and annual risk management report.
  • Carries out other tasks assigned by the Director, Market Risk, Operational Risk & Policies.

Qualifications and Experience

  • Master’s Degree in Accounting / Finance / Economics or equivalent professional qualification.
  • A minimum of twelve years of banking experience.
  • Preferably, 10 – 12 years of experience with multilateral/bilateral development financial institutions, global or regional banks or fund managers, with focus on development of risk policies, methodologies, and IT systems.

Skills and Competencies:

  • Demonstrable knowledge of risk management concepts and principles in the context of highly rated 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 understanding of the application of risk management methods to information technology and vice versa.
  • Strong interpersonal, teamwork and analytical skills, as well as high level of integrity and drive for achieving results.
  • Excellent command of English, including drafting and negotiating legal documents in English. Knowledge of other languages (French/Spanish/Arabic) will be advantage.
  • Ability to work within a multi-cultural and multi-disciplinary team.
  • Ability to work with little supervision and under pressure.
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Method of Application
Interested and qualified candidates should:
Click here to apply online

Important Notice

  • The above statements are intended to describe the general nature and level of work to be performed by people assigned to it.
  • They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
  • All personnel may be required to perform other responsibilities in addition to those specified from time to time, as needed.
  • We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
  • Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web.
  • We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
  • Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
  • We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
  • Applications submitted after the deadline will not be considered.
  • Due to the urgency of the position, we have the right to recruit a candidate who matches the required profile before the above deadline
  • Only qualified candidates will be invited for interview

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