Head of Treasury

UNOPS mission is to help people build better lives and countries achieve sustainable development.

UNOPS provides its partners with advisory, implementation and transactional services, with projects ranging from building schools and hospitals, to procuring goods and services and training local personnel. UNOPS works closely with governments and communities to ensure increased economic, social and environmental sustainability for the projects we support, with a focus on developing national capacity.

UNOPS vision is a world where people can live full lives supported by appropriate, sustainable and resilient infrastructure, and by the efficient and transparent use of public resources in procurement and project management.

With over 8,000 personnel spread across 80 countries, UNOPS offers its partners the logistical, technical and management knowledge they need, where they need it.  By implementing around 1,000 projects for our partners at any given time, UNOPS makes significant contributions to results on the ground, often in the most challenging environments.  

The Finance Group (FG) is a critical and strategic business function in UNOPS and serves as an authoritative and integrated partner in the organization on strategic financial planning and budgeting, business strategy and practices, financial analysis and risk assessment, financial management services and long term organisational treasury and investments.  As the steward of resources of a self-financing UN entity, FG is accountable for timely cost recovery and reporting to partners, maintaining the integrity and transparency of financial management of resources in accordance with the highest standards of ethics and organisational/international accountability framework and the accurate and transparent financial reporting to governing bodies, clients, partners and stakeholders.

The Head of Treasury reports to the Deputy Chief Financial Officer and acts as the Global Treasurer for UNOPS.  The role is responsible for developing banking and investment policies, processes and procedures to optimize the availability and management of funds. This requires the establishment of appropriate bank counterparty and custodian arrangements, and the supervision of investment management in compliance with the Financial Regulations and Rules of the Organization.

Summary of functions:

1. Banking
2. Investment
3. Team leadership
4. Knowledge management and innovation
   

1.     Banking        

• Advise the Deputy CFO on the development of banking and investment policies, rules and procedures to increase the availability, security and income from all financial resources of the UNOPS.

• Advise and assist the Deputy CFO in negotiating and managing innovative banking agreements with appropriate terms and conditions that meet the unique global requirements of UNOPS, including global cash pooling and single account arrangements.

• Establish, manage and maintain arrangements with commercial banks, and multilateral institutions to effect cost-effective and secure payments.

• Coordinate with banks and other counterparts to ensure the smooth supply and support of services.

• Effect payment instructions by signing transfer orders and bank instructions.

• Lead the development and implementation of cash handling policies and procedures, prepares cash and currency flow forecasts and projections.

• Determine appropriate use of telecommunications and computer technologies to provide cost-effective and secure payments, including devising technologically sophisticated anti-fraud mechanisms in the payment systems.

2.     Investment        

• Advise the Deputy CFO on the development of strategies, policies and procedures for the investment of funds world-wide across a range of financial instruments in multiple currencies.

• Advise and assist the Deputy CFO in establishing appropriate custodian arrangements, and supervise investment activities, in compliance with the Financial Rules and Regulations and the Guiding Principles and Policies for Investments.

• Provide direction and guidance, including on the receipt, custody and disbursement of funds.

• Administer the investment portfolio, including preparing analysis and reports on investment and related matters for the Investment Committee (IC).

• Act as the Secretary of the Investment Committee.

• Advise and assist the Deputy CFO in planning the short-term and long-term cash requirements for the General Fund, and other funds; analyze estimates of contributions and other income and develop disbursement forecast.

• Contribute to the year-end closure process and in the preparation of the year-end financial statements for assigned areas and liaise with the Internal and External Auditors in this matter.

• Prepare year-end audit letters to ensure bank balances and transactions are properly audited.

• Manage the Organization’s exposure to risks with respect to Treasury operations;

3.     Team leadership        

• Provide substantive input to the CFO and Deputy CFO on FG constant improvement plans.

• Establish team priorities, and supervise the implementation of work plans.

• With the Deputy CFO, set team objectives, performance measurements, standards and results expected to ensure timely and client focused services. Monitor implementation and oversee progress.

• With the Deputy CFO, plan and allocate resources (human, financial and administrative) to achieve goals and ensure the cost effective and appropriate use of resources in accordance with UNOPS standards of ethics, integrity and accountability framework.

• Promote teamwork and collaboration by providing the team with clear direction, objectives and guidance to enable them to perform their duties responsibly, effectively and efficiently.

• Plan, recruit and develop a flexible workforce with the skills and competencies needed to ensure optimum performance, and ensure gender and geographical diversity.

• Foster a positive work environment, respectful of both men and women, and ensure that the highest standards of conduct are observed.

4.     Knowledge management and innovation        

• Contribute to the development and introduction of innovation to ensure UNOPS is continually incorporating best practice approaches into financial services.

• Contribute to the dissemination and sharing of best practices and lessons learned for corporate development planning and knowledge building.

• Plan, implement and organise strategic capacity building of personnel, clients and stakeholders.

Impact of Results
The Head of Treasury impacts the effective management and financial integrity of UNOPS enabling prudent management and growth of financial assets and building an informed and shared management engagement on financial issues in support of the UNOPS overall strategy.

• Advanced university degree in finance and/or business or a related field is required.

• Appropriate professional accreditation or qualification is highly desirable.

• Membership in an internationally recognized accounting body would be an advantage.

• Treasury certification, such as ACT “CerT” or AFP “CTP’ would be a further advantage.

• A minimum of 7 years of progressively responsible experience in treasury and finance, including investments, cash management, banking, payments and foreign exchange in international markets required.

• Extensive experience in supervision of investments required.

• Managerial experience at the international level is required.

• Experience in accounting and budgeting is desirable.

• Knowledge of Society for Worldwide Interbank Financial Telecommunications (SWIFT) electronic banking platform is required; knowledge of other electronic banking platforms is desirable.

• Full working knowledge of English.  

• Knowledge of another official UN language is an asset.

• Please note that the closing date is midnight Copenhagen time
• Applications received after the closing date will not be considered.
• Only those candidates that are short-listed for interviews will be notified.
• Qualified female candidates are strongly encouraged to apply.
• For staff positions only, UNOPS reserves the right to appoint a candidate at a lower level than the advertised level of the post
• The incumbent is responsible to abide by security policies, administrative instructions, plans and procedures of the UN Security Management System and that of UNOPS.  

It is the policy of UNOPS to conduct background checks on all potential recruits/interns. Recruitment/internship in UNOPS is contingent on the results of such checks.

APPLICANTS SHOULD INCLUDE A MOTIVATION LETTER WITH THEIR APPLICATIONS.