🇦🇹 Job Vacancies @ OPEC Fund for International Development – 5 Positions

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 following positions below:

1.) Climate Change Specialist
2.) Investment Manager, Portfolio Management (Financial Institutions Sector)
3.) Investment Manager, Portfolio Management (Infrastructure Sector)
4.) Loan Management Analyst
5.) Risk Policy Officer

Job Title: Climate Change Specialist

Location: Austria

Job Profile

• The Strategic Planning and Economic Services provide relevant strategy, planning, economic and other important inputs that guide operational departments in the development of their work plans, and helps senior management decision-making processes that feed into overall strategy development.
• The role will entail significant involvement in the development of the OPEC Fund’s short and long-term strategies on climate change, contribute to work on sectoral policies and support the climate financing agenda of the Fund and actively explore opportunities to contribute to climate adaptation, resilience and mitigation.

Duties and Responsibilities
Policy assurance and review:

• Conducts review of the Climate Action Plan of the OPEC Fund, deciphers the objectives in to actionable items and provides guidance to the Investment teams accordingly with reference to its application in different financing activities and updates it from time to time to ensure the alignment with the most recent developments in the area.
• Work with peers of other Multilateral Development Banks (MDBs) and multilateral climate finance institutions to develop a framework for Paris Alignment.
• Prepares a guideline for climate risk screening of projects.

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Review and Assessment:

• Responsible for the implementation of the objectives of the Climate Action Plan of the OPEC Fund and ensuring that all related financing projects are subjected to climate proofing.
• Reviews whether projects are eligible for climate adaptation and if needed work with the Investment team and Borrower to explore possibilities of conducting climate vulnerability exercises for climate adaptation.
• Determines whether projects are eligible for climate mitigation and subsequently work on accounting for climate mitigation.
• Develops templates for reviewing projects for climate resilience, adaptation and mitigation.
• Stays abreast with the methodologies used in the Joint MDB Framework and the work conducted by United Nations Framework Convention on Climate Change (UNFCCC) and Joint MDB Framework on Climate Finance activities.
• In cooperation with the Senior Advisor, ESG participates in international platforms and events on Climate Change and maintains active relationships, and creates new partnerships.

Reporting:

• Prepares guidance notes on climate finance accounting.
• Reviews and update Climate Action Plan for the OPEC Fund on an annual basis.
• Reviews project risk due to climate change impacts.

Information and Business Advice:

• Assist Senior Advisor, ESG for capacity building of internal and external stakeholders.

Knowledge Management:

• Undertakes training on Climate Change related thematic issues and participates in international platforms including UNFCCC on Climate Change issues.

Stakeholder Management and Engagement:

• Represents OPEC Fund at select external industry events and builds relationships with external experts and energy clients.
• Promotes cross-practice collaboration within the OPEC Fund as well as liaising with international and multilateral climate finance institutions such as UNFCCC on Climate Change.

Qualifications and Experience

• A Master's Degree in Environmental Sciences, Environmental Engineering, Environmental Economics, or a related field.
• A minimum of 6 years of relevant experience particularly in climate change mitigation and/or adaptation, climate change policy, climate finance and/or climate mainstreaming in project development work.
• Experience in working on climate change assessments and accounting for climate finance is desirable.
• Experience of working on climate change mitigation and/or adaptation, climate change policy, climate finance and/or climate mainstreaming in project development work related to developing countries is desirable.
• Fluent in English. A good working knowledge of Arabic, French or Spanish will be an added advantage.

Competencies:

• Technical competency in Climate Change risk assessment and accounting climate adaptation and mitigation is essential.
• Technical competency in policy work on Climate Risk vulnerability analysis and mitigation measures.
• Solid experience of international climate negotiations, policy and best practice related to Climate Change and accounting methodologies.
• High initiative and ability to work independently, in a collaborative environment.
• Strong interpersonal, teamwork, and analytical skills with a 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.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Investment Manager, Portfolio Management (Financial Institutions Sector)

Location: Austria

Job Profile

• This position is responsible for managing a portfolio of the Private Sector and Trade Finance Department’s loans mainly in the financial institutions sector, including loan negotiation and implementation of approved operations and continuous monitoring of the assigned portfolio, all in accordance with related finance documents, the departmental strategy and framework and the OPEC Fund’s policies and procedures, in order to contribute to a compliant and optimal project portfolio.

Duties and Responsibilities
Review & analysis and reporting:

• Review and negotiate legal documentation;
• Identify and address potential risks to ensure the sustainability of investments.
• Reviews actual and projected annual disbursement.
• Supervises processing disbursement requests, review of withdrawal applications, verification of compliance with disbursement conditions/loan covenants, and follow up on submission of required documents and review of their completeness/validity.
• Reviews financial covenants, financial performance of financial institutions, compliance certificates, and other reports of borrowers.
• Prepares credit risk rating and monitoring reports (quarterly or annually).
• Reviews and processes waiver, amendment, consent, and rescheduling/restructuring requests.
• Conducts monitoring missions and if required, participates in appraisal/due diligence missions.
• Stays abreast of country, sectoral, market and product developments.
• Provides recommendations and suggestions to the Director, Portfolio Management for any improvement of the work efficiency and productivity.

Stakeholder management and engagement:

• Negotiates and closes new transactions with borrowers, shareholders, and co-lenders.
• Manages relationships with existing borrowers and co-financiers in order to monitor project implementation in line with the provisions of signed agreements and approved procedures.
• Represents the OPEC Fund at external conferences, meetings, symposia, and other external events in connection with project review & monitoring.
• Participates in departmental working groups and organizational taskforces as required.
• Works closely with related departments throughout the project cycle, e.g. the Risk Management Department, Legal Department and Loan Management throughout the phase preceding full disbursement.
• Carries out other tasks that are related to the job function, assigned by the Director Portfolio Management.

Qualifications and Experience

• A Master's Degree in Accounting, Commerce, Finance, Economics or a related field.
• A minimum of 6 years professional experience, of which 3 years should have been obtained within the Private Sector division of a major international development finance institution and/or within a banking environment (including commercial or investment banking, fund management or a development bank).
• Experience in financial institutions transactions including banks, microfinance institutions and other financial intermediaries.
• Demonstrated experience in quantitative and financial analysis of financial institutions including balance sheets, income statements, risk management and key performance indicators, and overall financial stability.
• Fluent in English. A good working knowledge of Arabic, French, German or Spanish is an added advantage.

Competencies:

• High initiative and ability to work independently, as well as with team members, in a collaborative environment.
• Strong analytical and problem solving skills as well as sound business judgment to identify issues and present creative and practical solutions.
• Sound negotiation skills.
• Strong interpersonal, teamwork, and analytical skills with a 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.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Investment Manager, Portfolio Management (Infrastructure Sector)

Location: Austria

Job Profile

• This position is responsible for managing a portfolio of the Private Sector and Trade Finance Department’s loans mainly in the infrastructure sector, including loan negotiation and implementation of approved operations and continuous monitoring of the assigned portfolio, all in accordance with related finance documents, the departmental strategy and framework and the OPEC Fund’s policies and procedures, in order to contribute to a compliant and optimal project portfolio.

Duties and Responsibilities
Review & analysis and reporting:

• Review and negotiate legal documentation.
• Identify and address potential risks to ensure the sustainability of investments.
• Reviews actual and projected annual disbursement.
• Supervises processing disbursement requests, review of withdrawal applications, verification of compliance with disbursement conditions/loan covenants, and follow up on submission of required documents and review of their completeness/validity.
• Reviews financial covenants, financial model, compliance certificates, external project reports, and other financial reports of borrowers.
• Prepares credit risk rating and monitoring reports (quarterly or annually).
• Reviews and processes waiver, amendment, consent, and rescheduling/restructuring requests.
• Conducts monitoring missions and if required, participates in appraisal/due diligence missions.
• Stays abreast of country, sectoral, market and product developments.
• Provides recommendations and suggestions to the Director, Portfolio Management for any improvement of the work efficiency and productivity.

Stakeholder management and engagement:

• Negotiates and closes new transactions with borrowers, shareholders, and co-lenders.
• Manages relationships with existing borrowers and co-financiers in order to monitor project implementation in line with the provisions of signed agreements and approved procedures.
• Represents the OPEC Fund at external conferences, meetings, symposia, and other external events in connection with project review & monitoring.
• Participates in departmental working groups and organizational taskforces as required.
• Works closely with related departments throughout the project cycle, e.g. the Risk Management Department, Legal Department and Loan Management throughout the phase preceding full disbursement.
• Carries out other tasks that are related to the job function, assigned by the Director Portfolio Management.

Qualifications and Experience

• A Master's Degree in Accounting, Commerce, Finance, Economics or a related field.
• A minimum of 6 years professional experience, of which 3 years should have been obtained within the Private Sector division of a major international development finance institution and/or within a banking environment (including commercial or investment banking, fund management or a development bank).
• Experience in project finance and corporate finance transactions.
• Demonstrated quantitative, financial analysis and modelling skills.
• Fluent in English and French.
• A good working knowledge of Arabic, German or Spanish is an added advantage.

Competencies:

• High initiative and ability to work independently, as well as with team members, in a collaborative environment.
• Sound negotiation skills.
• Strong analytical and problem solving skills as well as sound business judgment to identify issues and present creative and practical solutions.
• Strong interpersonal, teamwork, and analytical skills with a 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.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Loan Management Analyst

Location: Austria

Job Profile

• The Loan Management Analyst´s main role is supporting the Loan Management Function and Loan Management Officers in planning and executing disbursements, issuing collection and settlements, posting of loan repayments, interest income and other relevant fees, non-performing loans, and for maintaining accurate records of transactions in the loan accounts, all in accordance with the institutional strategy and framework.

Duties and Responsibilities
Monitoring and Review:

• Collaborates in reviewing and validating financial terms and conditions of loans, guarantees and grants.
• Assists in ensuring timely and accurate update of data pertinent to loan terms and conditions in the information systems; including preparation of loan-billing statements for front-end fees and other origination fees.
• Supports the verification of arrears sanctions in alignment with the Fund’s policy.
• Reviews withdrawal applications to ensure compliance with the Fund’s disbursement procedures and contractual obligations prior to payment.
• Assists with periodic reconciliation of SAP/CML loan subsidiary accounts with the general ledger, as well as follow up on all outstanding items.
• Generates, reviews, verifies and timely issues notifications and advices to Borrowers including Claim letters, Debit/Credit Advices, Loan account  statements, Interest rate setting notifications, Dunning letters and any other ad hoc requests by the borrowers.
• Supports the management of the unfunded risk-sharing programs by entering the deals into the system, and conducting monthly reconciliation.
• Responds promptly to internal and external inquiries, underpinning the Fund’s strong customer service image.
• Carries out other tasks assigned by the supervisor that are related to the job function.

Reporting:

• Assists in preparing standard and ad-hoc financial reports.

Coordination:

• Assists the Loan Management Function and officers in coordinating with relevant departments, units and officers to ensure the correctness and consistency of data in the information system.
• Participates in cross-departmental projects.

Qualifications and Experience

• A Bachelor's Degree in Finance, Business, majoring in Accounting, Financial Control, Business Administration or a related field.
• A minimum of 3 years relevant professional experience, preferably 1-2 years of which should have been in an international development institution.
• Fluent in English.
• A good working knowledge of Arabic, French, German or Spanish is an added advantage.

Competencies:

• Ability to work effectively within a team, fostering cooperation, and actively participating in group efforts.
• Knowledge of financial accounting.
• A good understanding of the Fund’s operations (particularly the areas of public and private sector, grants operations and trade financing).
• Familiarity with SAP-CML Enterprise Resource Planning (ERP) systems with a high degree of integration.
• Familiarity with Microsoft Office Excel and other Microsoft Office programmes.
• Ability to define priorities and set targets.
• Sound analytical and communication skills.
• Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Job Title: Risk Policy Officer

Location: Austria

Job Profile

• Under the supervision of the Director, Market Risk, Operational Risk & Policies (MOP), the 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, methodologies, processes, and systems for identification, measurement, mitigation, and reporting of the risks in OPEC Fund's operations (capital adequacy, credit risk, and provisioning).
• Produces the data, analysis and reports required for quarterly risk reporting, financial statements, and rating agency data submissions.

Risk Management and Analysis:

• 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.
• 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.
• Assists in developing and maintaining risk data and analysis 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 industry best practices.

Reporting:

• Co-leads the preparation of quarterly and annual risk management report and risk sections of financial statements.
• Co-leads the preparation for data and analysis required for annual rating agency exercise.
• Lead the calculation of Expected Credit Loss calculation.
• Carries out other tasks assigned by the Director, Market Risk, Operational Risk & Policies (MOP).

Qualifications and Experience

• Master's Degree in Accounting, Finance, Economics or equivalent professional qualification.
• A minimum of seven (7) years of relevant banking experience, including at least two (2) years of experience with global or regional banks, fund managers, or multilateral/ bilateral development financial institutions, with focus on development of risk policies, methodologies, and IT systems.
• Fluent in English. Good working knowledge of French, Arabic, German or Spanish is an added advantage.

Competencies:

• Excellent analytical and evaluation skills.
• Strong understanding of risk management principles and systems.
• High initiative and able to work independently, as well as with team members, in a collaborative environment.
• Strong interpersonal, teamwork and communication skills with 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.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online