Work Abroad Job Opportunities @ OPEC Fund for International Development – 4 Positions

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.

Application Closing Date
Not Specified.

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

Location: Austria

Job Profile

• The incumbent is responsible for the development, implementation and execution of the OPEC Fund’s Human Resources strategy through defined programs, annual work plans and processes with the aim of contributing towards the institution's strategic objectives.
• The incumbent also ensures that human resources programs and initiatives are effective, efficient, and aligned to overall business objectives, in accordance with the departmental strategy and framework.
• S/he manages three functions namely, Payroll, Compensation and Benefits, Talent Acquisition and HR Business Partnerships, and, HR Policies and Development.

Duties and Responsibilities
Functional Strategy Formation:

• Defines the short, medium and long-term objectives of the HR Unit in line with the organization’s Strategic Plan, and formulates the strategies to achieve these objectives to support the institution in reaching its strategic objectives, including the development of workforce planning strategies that deal with immediate and future human capacity requirements and planning policies.
• The incumbent also participates in the development of the Corporate Services Department strategy.

Guidance and Advice:

• Provides advice to (senior) management on the development of the strategy and plans based on reports and analyses from an HR perspective.

Organizational Structure:

• Updates and recommends changes in the institution’s structure, as needed, to reflect its needs and workload through a workforce planning exercise.

Organizational Capability Building:

• Contributes to the institutional strengthening and capacity building of the OPEC Fund by developing and improving the institution’s management and institutional processes and procedures, and participates in the committees relevant to these matters.

Policies and Procedures Development and Implementation:

• Coordinates and performs the implementation of all strategic human resource related processes, i.e. talent acquisition, onboarding, learning & development, performance management, career management, and employee off-boarding, amongst others.
• Analyzes present and expected future human resources capacity needs, succession planning, and ensures the execution of recruitment and selection of employees for key positions.
• Coordinates the maintenance of policies and procedures concerning the institutional, management and human resource processes, as well as related research and studies.
• Coordinates and performs facilitation and assistance programs to the Heads of Departments/Units/Functions concerning the organizational, management and human resource processes.
• Initiates activities pertaining to employee engagement and work/life programs.
• Performs employee facilitation programs, including personal counseling for job related problems.

Data Analysis and Reporting:

• Maintains up-to-date information on competitive compensation practices and trends worldwide; and the monitoring of cost of living and market conditions, which affect the attainment of the OPEC Fund’s objectives in attracting and retaining high quality employees.
• Ensures that all related HR data is well and continually analyzed; prepares regular and ad-hoc reports, as necessary.

People Management:

• Provides strategic and hands-on leadership to various Professionals across the HR Unit and ensures high staff engagement and performance.
• As a permanent member of the ad-hoc recruitment committee, conducts interviews with job applicants; executes the hiring administration for the selected candidates.
• Leads the HR Unit by inspiring and motivating the team to maintain the highest level of engagement with the institution.
• Carries out other tasks assigned by the Senior Director, Corporate Services Department.

Qualifications and Experience

• A Master’s Degree in Business Administration / Human Resource Management or related studies.
• 15 years relevant professional experience (institutional, management and Human Resource processes), with at least 7 years at a senior level.
• Experience from an international development institution is preferable (at least 5 years).
• Fluent in English. A good working knowledge of Arabic, German, Spanish, or French is an added advantage.

Competencies:

• Demonstrates strong strategic and planning abilities.
• Well-versed in applying analytical and problem-solving skills to complex situations.
• Excellent communication skills that result in long-term and deep relationships with stakeholders creating trust and forming a positive long-term image/impression.
• Able to work in an international multi-cultural environment, resolving conflicts with sensitivity and respect for diversity.
• Able to ensure that team performance is in line with the vision and mission of the institution.
• Conscientious and efficient in meeting commitments, observing deadlines and achieving results.
• Creates team commitment and drives people’s inspiration.

Application Closing Date
Not Specified.

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

Location: Austria

Job Profile

• The Talent Acquisition Specialist manages the recruitment process and delivery of a major part of the institution’s attracting, sourcing, selecting and hiring of top talent activities; in line with the existing HR strategy and policies and the OPEC Fund objectives, to ensure that the OPEC Fund meets business requirements.

Duties and Responsibilities
Recruitment:

• Leads analysis of business needs and labor market developments.
• Coordinates with departments to identify staffing needs and selection criteria.
• Review job descriptions in collaboration with the hiring team and manages the interview process.
• Uses standardized screening techniques to assess the skills, qualifications and experience of potential candidates.
• Works closely with management on diversity initiatives involving recruitment to ensure equity in hiring practices.
• Focuses on employer branding to ensure that the OPEC Fund is viewed as an Employer of Choice.

Onboarding:

• Ensures proper on-boarding for new hires and completes the necessary administrative work promptly and accurately.

Candidate Pipeline:

• Uses diverse methods to recruit and network with potential candidates including social media platforms, networking events and job fairs.
• Sources potential candidates through online channels (i.e., professional networks and social platforms).
• Monitors and reviews quarterly and annual hiring needs by department.

Stakeholder management and engagement:

• Fosters long-term relationships with past applicants and conducts screening calls, assessments and in-person interviews with potential candidates.
• Coordinates with stakeholders to incorporate all metrics into all talent acquisition systems.
• Carries out other tasks assigned by the HR Director and Head, Talent Acquisition & Business Partnerships.

Qualifications and Experience

• Master’s Degree in Business Administration/Human Resource Management or related studies is required.
• Minimum of 7 years relevant professional experience is required. Experience from an international development institution is preferable (2 – 3 years).
• Fluent in English. A good working knowledge of Arabic, German, Spanish, or French is an added advantage.

Competencies:

• Good knowledge of Talent Market Intelligence, modern technology and sourcing methods.
• Demonstrable knowledge of and experience with the full talent acquisition cycle and the assessment of candidates’ knowledge, skills and abilities.
• Demonstrable skills in cultivating and maintaining relationships across jobs, industries, personality types as well as with internal and external stakeholders such as search firms.
• Ability to work in an international environment, with sensitivity and respect for diverse cultural backgrounds.

Application Closing Date
Not Specified.

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

Location: Austria

Job Profile

• The Senior Credit Officer - Debt Recovery manages non-sovereign non-performing loans that have been transferred to the Risk Management Department from the Private Sector Department, develops and executes remedial actions, workout strategies and restructuring with input from General Counsel & Legal Services Department, all in accordance with the institutional risk framework in order to protect OPEC Fund’s assets and maximize recovery.

Duties and Responsibilities
Risk management and analysis

Debt Recovery:

• Review loan non-performance issues, recommend remedial actions, formulate and analyze various workout options, including financial projections and net present value analysis to maximize recovery value.
• Prepare the workout strategy for review and approval by the Risk Management Committee (RMC).
• Implement the approved workout strategy, including negotiations with borrowers and other interested parties, and execute restructuring or liquidation actions.
• Monitor all nonperforming loans under management in line with established guidelines.
• Prepare and submit monthly non-performing loan reports and recommendations on loss provisions to the RMC for approval.
• Enhance, implement and maintain risk management policies, procedures and guidelines related to identification, measurement, risk mitigation and reporting of nonperforming loans and provisioning.

Credit Appraisal and Monitoring:

• Ensure OPEC Fund credit policies, procedures and guidelines are applied to new transactions and existing portfolio. Implement OPEC Fund’s risk appetite set by senior management, contributing to OPEC Fund’s financial sustainability and development objectives.
• Assess the risks of new and existing private sector debt, guarantee and equity transactions in line with the credit approval and monitoring process.
• Provide recommendations to project teams on risk issues, key due diligence items, deal structuring and appropriate risk mitigation measures, determine accurate risk ratings for public and private sector obligors in accordance with internal rating methodologies, pricing / valuation and risk-return analysis, key terms and conditions and financial covenants, during both the transaction approval stage and post-disbursement for waivers / consents and monitoring reviews.
• Prepare objective, well-reasoned and independent risk assessments and credit notes for new transactions at concept and final review stage and waiver approvals, ensuring full disclosure and understanding of risks during the approval and monitoring process.
• Review and provide independent credit opinions on annual monitoring reports of existing transactions, assess and determine updated risk ratings.
• Provide credit decisions on waivers, amendments and consent requests for key transaction terms and conditions, covenants, and any other transaction undertakings.
• Ensure portfolio quality is maintained with timely identification of credit risks, project challenges and portfolio trends. Maintain accurate credit and facility ratings to reflect risks, and updated credit watchlists. Assist in portfolio monitoring and monitoring compliance of exposure limits, diversification/concentration limits, portfolio weighted risk ratings and risk-adjusted return on capital (RAROC).

Reporting:

• Prepare and submit the monthly Nonperforming Loan Report to the RMC.
• Maintain updated Credit Watch lists and submit to RMC quarterly.
• Contribute to the quarterly risk management report, develop risk policies, and administer Credit Committee meetings.
• Prepare and submit Credit Notes for new transactions to the Credit Committee.
• Prepare credit decisions / credit commentary on Waivers, Amendments and Consents and Annual Monitoring Reports.
• Carry out other tasks assigned by the Director, Credit Risk.

Qualifications and Experience

• Master's Degree in Accounting / Finance / Business / Economics or equivalent professional qualification.
• A minimum of 15 years of credit risk and/or banking experience, with a demonstrated track record, substantial knowledge and expertise in all aspects of credit risk management, experience in debt recovery and knowledge of project finance and financial institutions.
• Preferably, 10-12 years of experience with global or regional banks, fund managers, or multilateral/ bilateral development financial institutions.
• Fluent in English. Good working knowledge of French and/or Spanish is a plus.

Competencies:

• Extensive knowledge in credit risk management areas, including assessment of individual loans, guarantees, and equity investments in the context of credit approval and monitoring process, monitoring of portfolio risks, and management of impaired transactions.
• Established analytical skills in the credit risks and high initiative and deep sensitivity in strategic views.
• Ability to deal with sensitive information and maintain strict confidentiality.
• Very good data analysis and evaluation skills.
• Bright, reliable and self-motivated. Ability to take initiative and work independently, as well as work closely with fellow team members in a collaborative environment.
• Demonstrated experience in assessing and advising on appropriate strategies to manage business and organizational performance regarding risk and effectively communicating the impact.
• 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

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