Position Title: Treasury Officer
Duty Station: Geneva, Switzerland
Classification: Professional Staff, Grade P3
Type of Appointment: Fixed term, one year with possibility of extension
Estimated Start Date: As soon as possible
Closing Date: 30 January 2023
Established in 1951, IOM is a Related Organization of the United Nations, and as the leading UN agency in the field of migration, works closely with governmental, intergovernmental and non-governmental partners. IOM is dedicated to promoting humane and orderly migration for the benefit of all. It does so by providing services and advice to governments and migrants.
IOM is committed to a diverse and inclusive work environment. Read more about diversity and inclusion at IOM at www.iom.int/diversity.
Applications are welcome from first- and second-tier candidates, particularly qualified female candidates as well as applications from the non-represented member countries of IOM. For all IOM vacancies, applications from qualified and eligible first-tier candidates are considered before those of qualified and eligible second-tier candidates in the selection process.
For the purpose of this vacancy, the following are considered first-tier candidates:
- Internal candidates
- Candidates from the following non-represented member states:
Antigua and Barbuda; Aruba (Netherlands); Botswana; Cabo Verde; Comoros; Congo (the); Cook Islands; Curaçao; Fiji; Grenada; Guinea-Bissau; Holy See; Iceland; Kingdom of Eswatini; Kiribati; Lao People’s Democratic Republic (the); Madagascar; Marshall Islands; Micronesia (Federated States of); Namibia; Nauru; Palau; Saint Kitts and Nevis; Saint Lucia; Saint Vincent and the Grenadines; Samoa; Sao Tome and Principe; Seychelles; Solomon Islands; Suriname; The Bahamas; Timor-Leste; Tonga; Tuvalu; Vanuatu
Second tier candidates include:
All external candidates, except candidates from non-represented member states.
Under the direct supervision of the Senior Treasury Officer, the successful candidate will ensure that Treasury policies and risk management best practices are correctly applied within Country Offices and Headquarters (HQ).
The Treasury Officer will support and guide Country Offices with liquidity controlling, perform counterparty risk reporting, work on bank relationship management, monitor IOM bank charges, maintain SSIs and work with the Senior Treasury Officer on controlling the Foreign Exchange exposure.
They will work in close collaboration with the Treasury back office, Country Offices, Project Team and Senior Treasury Officer.
Core Functions / Responsibilities:
Country Offices support:
- Oversee Country Offices liquidity balance levels and consider requests for exceptions together with the Senior Treasury Assistant.
- Collaborate with Country Offices and the Cash Based Intervention Team to research and to propose alternatives to cash.
- Monitor bank and counterparty credit risk and provide mitigation proposals for Country Offices and banks which are defined as being in high-risk categories.
- Be the first point of contact for requests for approvals, exceptions and assistance from the Country Offices on behalf of the Treasury Division.
- Ensure compliance to IOM rules and policies and assist missions as needed regarding Treasury and banking issues. Assist in policy development.
Bank relationship management:
- In conjunction with the Department of Legal Affairs, review and maintenance of legalagreements with banks in conjunction with IOM legal services including application of the Master Banking Agreements (MBAs) where appropriate. Lead in bank relationship management.
- Assess and monitor bank charges.
- Work with the UN Working Group of Common Treasury Services (WGCTS) in shared projects to select bank partners and participate in other sub-groups of the WGCTS as necessary.
- Provide support and guidance in the analysis of credit risk associated with IOM Treasury counterparties including those with no published ratings.
- Assist in the development of Foreign Exchange (FX) exposure reporting tools, analysis of risk from foreign exchange movements and FX Risk Mitigation Strategy.
- Assist in the preparation of Treasury Risk Committee meetings.
- Assist HQ with liquidity management.
- Perform such other duties as may be assigned.
Required Qualifications and Experience:
- Master’s degree in Finance or a related field from an accredited academic institution with five years of relevant professional experience; or,
- University degree in the above fields with seven years of relevant professional experience.
- Association of Corporate Treasurers (ACT) qualification (Fundamentals) or equivalent recognized treasury certification is desirable.
- Experience in financial risk management in an international Treasury context;
- Proven experience in reporting;
- Relevant experience in Foreign Exchange (FX) exposure methodology and FX product market.
- Knowledge of Coupa management system and / or Oracle Cloud is an advantage.
IOM’s official languages are English, French, and Spanish.
External applicants for all positions in the Professional category are required to be proficient in English and have at least a working knowledge of one additional UN Language (Arabic, Chinese, French, Russian, or Spanish).
For all applicants, fluency in English is required (oral and written). Working knowledge of French or Spanish is an advantage.
Proficiency of language(s) required will be specifically evaluated during the selection process, which may include written and/or oral assessments.
Accredited Universities are the ones listed in the UNESCO World Higher Education Database (https://whed.net/home.php).
Values – all IOM staff members must abide by and demonstrate these three values:
- Inclusion and respect for diversity: respects and promotes individual and cultural differences; encourages diversity and inclusion wherever possible.
- Integrity and transparency: maintains high ethical standards and acts in a manner consistent with organizational principles/rules and standards of conduct.
- Professionalism: demonstrates ability to work in a composed, competent and committed manner and exercises careful judgment in meeting day-to-day challenges.
Core Competencies – behavioural indicators level 2
- Teamwork: develops and promotes effective collaboration within and across units to achieve shared goals and optimize results.
- Delivering results: produces and delivers quality results in a service-oriented and timely manner; is action oriented and committed to achieving agreed outcomes.
- Managing and sharing knowledge: continuously seeks to learn, share knowledge and innovate.
- Accountability: takes ownership for achieving the Organization’s priorities and assumes responsibility for own action and delegated work.
- Communication: encourages and contributes to clear and open communication; explains complex matters in an informative, inspiring and motivational way.
IOM’s competency framework can be found at this link. https://www.iom.int/sites/default/files/about-iom/iom_revised_competency_framework_external.pdf
Competencies will be assessed during a competency-based interview.
Internationally recruited professional staff are required to be mobile.
Any offer made to the candidate in relation to this vacancy notice is subject to funding confirmation.
This selection process may be used to staff similar positions in various duty stations. Recommended candidates endorsed by the Appointments and Postings Board will remain eligible to be appointed in a similar position for a period of 24 months.
The list of NMS countries above includes all IOM Member States which are non-represented in the Professional Category of staff members.
Appointment will be subject to certification that the candidate is medically fit for appointment, accreditation, any residency or visa requirements, and security clearances. Subject to certain exemptions, vaccination against COVID-19 will in principle be required for individuals hired on or after 15 November 2021. This will be verified as part of the medical clearance process.
Vacancies close at 23:59 local time Geneva, Switzerland on the respective closing date. No late applications will be accepted.
How to apply
To apply, interested applicants are invited to submit their applications HERE via the IOM e-Recruitment system by 30 January 2023.
IOM only accepts duly completed applications submitted through the IOM e-Recruitment system. The online tool also allows candidates to track the status of their application.
Only shortlisted candidates will be contacted.
For further information please refer to: www.iom.int/recruitment
From 17.01.2023 to 30.01.2023
IOM does not charge a fee at any stage of its recruitment process (application, interview, processing, training or other fee). IOM does not request any information related to bank accounts.
Requisition: VN 2023 08 Treasury Officer (P3) Geneva, Switzerland (57931030) Released
Posting: Posting NC57931031 (57931031) Released