Finance Specialist Treasury
Background Information - UNOPS
UNOPS supports the successful implementation of its partners’ peacebuilding, humanitarian and development projects around the world. Our mission is to serve people in need by expanding the ability of the United Nations, governments and other partners to manage projects, infrastructure and procurement in a sustainable and efficient manner.
Working in some of the world’s most challenging environments, our vision is to advance sustainable implementation practices, always satisfying or surpassing our partners’ expectations.
With over 7,000 personnel spread across 80 countries, UNOPS offers its partners the logistical, technical and management knowledge they need, wherever they need it.
A flexible structure and global reach means that we can quickly respond to our partners' needs, while offering the benefits of economies of scale.
Background Information - Job-specific
Background Information - FG
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.
Summary of functions:
Banking and Cash Management
Management of financial risks (foreign exchange, liquidity, credit, and interest rate risks)
Knowledge management and innovation
1. Banking and Cash Management
Assist in the development of banking and investment policies, rules and procedures to increase the availability, security and income from all financial resources of the UNOPS.
Provide recommendations to support the negotiation and management of innovative banking agreements with appropriate terms and conditions that meet the unique global requirements of UNOPS, including global cash pooling and single account arrangements.
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.
Support the development and implementation of cash handling policies and procedures, prepares cash and currency flow forecasts and projections.
Support daily cash positioning and liquidity planning
Make recommendations on 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. Management of Financial Risks (FX, Liquidity, Credit, and IRR)
- Support implementation of FX Hedging program
- Support ongoing liquidity management program
- Monitor and manage credit risk
- Manage Interest Rate Risk
- Assist in the development of procedures for the investment of funds world-wide across a range of financial instruments in multiple currencies.
- Provide guidance on the receipt, custody and disbursement of funds.
- Support Head of Treasury in investment of surplus liquidity
- Ensure appropriate utilization of specialized financial instruments
- Prepare analysis and reports on investment and related matters for the Investment Committee (IC).
- Provide support for the planning of 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.
3. 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 capacity building of personnel, clients and stakeholders.
Impact of results
The Finance Specialist - 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.
|Develops and implements sustainable business strategies, thinks long term and externally in order to positively shape the organization. Anticipates and perceives the impact and implications of future decisions and activities on other parts of the organization.|
|Treats all individuals with respect; responds sensitively to differences and encourages others to do the same. Upholds organizational and ethical norms. Maintains high standards of trustworthiness. Role model for diversity and inclusion. |
|Acts as a positive role model contributing to the team spirit. Collaborates and supports the development of others. For people managers only: Acts as positive leadership role model, motivates, directs and inspires others to succeed, utilizing appropriate leadership styles.|
|Demonstrates understanding of the impact of own role on all partners and always puts the end beneficiary first. Builds and maintains strong external relationships and is a competent partner for others (if relevant to the role).|
|Efficiently establishes an appropriate course of action for self and/or others to accomplish a goal. Actions lead to total task accomplishment through concern for quality in all areas. Sees opportunities and takes the initiative to act on them. Understands that responsible use of resources maximizes our impact on our beneficiaries.|
|Open to change and flexible in a fast paced environment. Effectively adapts own approach to suit changing circumstances or requirements. Reflects on experiences and modifies own behavior. Performance is consistent, even under pressure. Always pursues continuous improvements.|
|Evaluates data and courses of action to reach logical, pragmatic decisions. Takes an unbiased, rational approach with calculated risks. Applies innovation and creativity to problem-solving.|
|Expresses ideas or facts in a clear, concise and open manner. Communication indicates a consideration for the feelings and needs of others. Actively listens and proactively shares knowledge. Handles conflict effectively, by overcoming differences of opinion and finding common ground.|
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 or Treasury body would be an advantage.
Treasury certification, such AMCT or MCTwould be a further advantage.
ACI Dealing Certificate a distinct advantage
A minimum of 5 years of progressively responsible experience in treasury with a strong focus on cash management and foreign exchange transaction management at an international level is required, either in a large corporate or a financial institution
Full working knowledge of English.
Knowledge of another official UN language is an asset.
Contract type, level and duration
Contract level: IICA2
Contract duration: one year, renewable subject to available funds and satisfactory performance
For more details about the ICA contractual modality, please follow this link:
- 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.
- Organization: UNOPS - United Nations Office for Project Services
- Location: Copenhagen (Denmark)
- Grade: IICA-2, International Individual Contractors Agreement - Mid level
- Administrative support
- Banking and Finance
- Banking and Finance
- Closing Date: 2017-08-27
IICA-3, International Individual Contractors Agreement
P-4, International Professional - Internationally recruited position
NO-D, National Professional Officer - Locally recruited position
Abidjan (Cote d'Ivoire)