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Finance Manager, P-4, Division of Finance and Admin. Management, NYHQ - Post #00053116

New York City

  • Organization: UNICEF - United Nations Children’s Fund
  • Location: New York City
  • Grade: Mid level - P-4, International Professional - Internationally recruited position
  • Occupational Groups:
    • Operations and Administrations
    • Administrative support
    • Banking and Finance
    • Finance and Administration
  • Closing Date: Closed

You will be responsible for managing and providing global liquidity when and where it is needed, investing working capital not immediately required, managing emerging market portfolio and assisting the Chief of Treasury in risk management. This is done to ensure that the financial resources are available for UNICEF to accomplish its mission of helping children while at the same time, identifying, managing and mitigating financial risks.

UNICEF works in 190 countries and territories to protect the rights of every child. UNICEF has spent 70 years working to improve the lives of children and their families. Defending children's rights throughout their lives requires a global presence, aiming to produce results and understand their effects. UNICEF believes all children have a right to survive, thrive and fulfill their potential – to the benefit of a better world.  

Click here to learn more about UNICEF:  https://www.unicef.org/

 

For every Child, a Fair Chance ...

The Division of Finance & Administration (DFAM) at UNICEF HQ strives to provide relevant, accurate and timely information to the UNICEF executive leadership to facilitate robust decision-making and strategic direction recognizing the needs of children across the world.

 

The Treasury Unit focuses managing UNICEF’s liquidity and market risks prudently, which includes foreign exchange. Funds need to be available to UNICEF’s operations and programs when, where and in the currency they need it.  It is Treasury’s responsibility to make this happen and maintain the principle of the funds received from donors.  In addition, Treasury provides technical assistance, support and guidance to management and country offices on financial management issues, particularly in the areas of replenishment and the receipt of local currency either as contributions or for procurement services.

 

 

How can you make a difference?

You will be responsible for managing and providing global liquidity when and where it is needed, investing working capital not immediately required, managing emerging market portfolio and assisting the Chief of Treasury in risk management. This is done to ensure that the financial resources are available for UNICEF to accomplish its mission of helping children while at the same time, identifying, managing and mitigating financial risks.

Some of the key functions involve as follows:

1.  Management  and  Provision of Global Liquidity

Provide daily liquidity to UNICEF’s Global operations with annual throughput in excess of $5 billion. This involves daily, weekly, monthly, quarterly and annual forecasts of cash flow in multiple currencies based on: historical and seasonal trends, the approved Medium Term Strategic Plan, aging of encumbrances, anticipated cash flows from donors represented by the Public Partnerships Division (“PPD”), Private Fundraising and Partnerships Division (“PFP”) and its related National Committees.

2.  Investment and Portfolio Management

This involves Investing of working capital to meet immediate global liquidity requirements especially in USD and EUR. Develop and manage emerging market investment opportunities including structured investments and a portfolio in local currency instruments in accordance with FAC approved guidelines.

3.  Risk Management

Assist the Chief of Treasury in Financial risk management, identification and mitigation of risks stemming from cash flows (both in and out), investments, and financial counterparty risks. This includes the regular preparation and execution of a hedging strategy for foreign exchange risk, recommendation on type of financial instruments and asset allocation, and financial analysis of bank financial statements. Market risk assessment includes information received from financial institutions and paid subscriptions to Moody's Credit Risk and Bloomberg information systems. Data includes macro-economic forecasts and credit reviews. Hedging strategy execution includes the purchase of foreign exchange contracts in both spot and forward financial markets. Matching balance sheet assets and liabilities for currency, tenor and amount. Annual foreign exchange turnover is USD 1.3 billion in 11 major convertible currencies as well as minor currencies for funding of field office operations. 

4. Executive reporting

Participate in executive reporting of treasury performance against benchmarks, financial forecasts and financial review of UNICEF. Maintenance and presentation of key financial data to senior staff in DFAM - as well as other senior staff within the organization, including members of the FAC.

5. Manage back office treasury support functions

This includes both written and oral financial trade confirmation, settlement and payment, data generation, preliminary reconciliations on 14 key Treasury bank accounts, financial reporting within DFAM, end of day, week, month and year processing including investment accruals, revaluations of treasury investments and bank accounts, maintenance of interest rate data files, posting of realized gains and losses from treasury purchase and sale of currencies and negotiation of compensation on failed treasury transactions.


To qualify as a Champion for every Child you will have…

  • An Advanced University (Master’s) Degree in, finance, accounting, banking, economics, business management, business administration, international relations, or other related social science field is required.

  • A Bachelor’s degree and a valid professional certification (Treasury Manager, Series 7, CFA; CA, CPA; etc.) from an internationally recognized, accredited institution can be taken in lieu of an advanced university degree.

  • Demonstrated and proven technical expertise in the management of complex foreign exchange environments and investments is required.

  • Prior experience in Forex (FX) and investment dealing is required.

  • A minimum of eight (8) years professional experience working in international finance/treasury including cash, currency and investment management for an international bank, or equivalent experience from a multi-national’s corporation is required.

  • Fluency in English (written & verbal) is required. Knowledge of an additional UN Language (Arabic, Chinese, Russian, and Spanish) is considered an asset.

For every child you demonstrate…

Our core values of Commitment, Diversity and Integrity and core competencies in Communication, Working with People and Drive for Results. To view our competency framework, please click here.  

UNICEF is committed to diversity and inclusion within its workforce, and encourages qualified candidates from all backgrounds to apply.

 

 

This vacancy is now closed.
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