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Credit Risk and Trade Finance Specialist - Treasury

Copenhagen

  • Organization: UNOPS - United Nations Office for Project Services
  • Location: Copenhagen
  • Grade: Mid level - IICA-2, International Individual Contractors Agreement
  • Occupational Groups:
    • Operations and Administrations
    • Banking and Finance
    • Sustainable trade and development
    • Cash-Based Interventions
  • Closing Date: Closed

Background Information - FG

Finance Group

The purpose of the Finance Group is to lead and develop the organization’s finance strategy and practice. The core functions of the Finance Group are to:

a.      Articulate finance policies and processes; enable operationalization and managerial oversight through appropriate systems and reports; provide corporate advice and guidance; and strengthen the knowledge, skills and career development of finance practitioners.

b.     Steward the resources of the organization, ensuring cost recovery and accurate financial reporting to partners; maintain appropriate controls and integrity of financial management in accordance with relevant international standards; enable prudent management and growth of financial assets; and build an informed and shared management engagement on financial issues in support of the organization’s business strategy.

c.      Identify and develop opportunities for the provision of financial management services for partners and ensure appropriate modalities for service delivery.

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 Credit Risk and Trade Finance Specialist - Treasury reports to the Head of Treasury.  Under the overall guidance of the Head of Treasury, the role is responsible for ensuring that UNOPS has a comprehensive, coherent and successfully executed plan for the efficient and effective management of its credit risk exposures across its investment portfolios, banking partners, cash management and liquidity programs and advance financing activities. The role holder will also be UNOPS specialist in Trade Finance Products (e.g Guarantees and Letters of credit etc) and will be required to help build and share knowledge of these types of operations with UNOPS offices globally. The role will support both the policy aspect of the treasury function as well as the operational/transactional aspects working closely with UNOPS field offices and the Treasury Middle Office (IPAS).


Functional Responsibilities

Summary of functions:

  1. Credit Risk Management Operations (including reporting, monitoring and analysis)

  2. Credit Risk Management Policy (including Finance policy and support to procurement policy)

  3. Trade Finance Products (policy, and transactional).

  4. Knowledge management and innovation.


Credit Risk Management (Operations)
  • Assist in the implementation of UNOPS Credit Risk Policy for:

    • Investment Portfolios - Both internal and externally management portfolios totalling circa $2.3bn of predominantly Fixed Income but also elements of Equities and alternatives.

    • Banking platform - Circa 41 banking relationships globally (covering 158 accounts and 70 currencies).

    • Securities Lending - Managing credit exposures in UNOPS sec lending platform.

    • Advance Financing - review of secure/unsecure exposure to 3rd party suppliers where UNOPS has provided advance financing (eg. reviewing balance sheets, financial statements, and generating internal ratings of private/non rated suppliers).

  • Provide recommendations to help minimise credit exposures globally to UNOPS Head of Treasury and UNOPS Deputy CFO.

  • Develop and maintain credit exposure analysis as part of UNOPS Treasury monthly dashboard to UNOPS CFO.

  • Assist in the implementation of UNOPS ESG/Ethical Restrictions screening activities for its investment management operations.

  • Prepare analysis and reports on investment and related exposures for the Investment Committee (IC) and Senior Leadership Team (SLT).

  • Make recommendations on appropriate use of third party systems (Kyriba (TMS), Moody’s Analytics, MSCI etc).


Credit Risk Management (Policy)
  • Assist in the development of procedures for the reporting of credit exposures in all UNOPS Treasury operations.

  • Assist with the review of delivery of a new Credit Risk Policy as part of the Treasury and Cash Management Policy.

  • Assist UNOPS Treasury and Deputy CFO with aligning credit risk exposures and policy with UNOPS Procurement Manual.

  • Prepare analysis and reports on investment and related exposures for the Investment Committee (IC) and Senior Leadership Team (SLT).



Trade Finance
  • Advise UNOPS global offices on the issuance and receipt of Letters of Credit and guarantees to mitigate risks and minimise costs.

  • Advise on LC/Guarantee wording and documentation requirements ensuring compliance with guarantee guidelines and bank requirements.

  • Redevelop and own the guidelines and policy around Guarantees (Bid securities, Performance Securities, Advance Payment Securities etc).

  • Build and maintain relationships to international financial institutions for trade finance facilities.

  • Organise and deliver guarantees and LC related training to business units as needed.

  • Report and monitor trade finance product KPI’s.


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.

  • Support UNOPS global offices with all things Credit Risk and Trade Finance related operations and be known as UNOPS specialist in this area.

Impact of Results 

The Credit Risk and Trade 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.


Competencies

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.

Education/Experience/Language requirements

Education:

  • Undergraduate 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/Trade Finance certification would be a further advantage.
  • An advanced degree would be an asset and may substitute for some of the required years of experience (2 years usually)
Experience:
  • With an undergraduate degree, a minimum of 7 years of progressively responsible experience in treasury or banking with a strong focus on credit risk management and trade finance products, either in a large corporate or a financial institution is required.
  • Experience with systems (Kyriba, Bloomberg, Moody’s Risk Calc and Credit Edge etc) will be an asset
  • Experience with ESG ratings and methodology would be an advantage

Language requirements:

  • Full working knowledge of English in written and spoken 
  • Knowledge of another official UN language is an asset



Contract type, level and duration

Contract type: Individual Contract Agreement  Contract level: I-ICA-2
Contract duration: Open-ended, subject to organizational requirements, availability of funds and satisfactory performance.




For more details about the ICA contractual modality, please follow this link:
https://www.unops.org/english/Opportunities/job-opportunities/what-we-offer/Pages/Individual-Contractor-Agreements.aspx 

Additional Considerations

  • 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.
  • UNOPS seeks to reasonably accommodate candidates with special needs, upon request.
  • Work life harmonization - UNOPS values its people and recognizes the importance of balancing professional and personal demands. We have a progressive policy on work-life harmonization and offer several flexible working options. This policy applies to UNOPS personnel on all contract types
  • For staff positions only, UNOPS reserves the right to appoint a candidate at a lower level than the advertised level of the post
  • For retainer contracts, you must complete a few Mandatory Courses (around 4 hours) in your own time, before providing services to UNOPS.
  • 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.

Background Information - UNOPS

UNOPS is an operational arm of the United Nations, supporting the successful implementation of its partners’ peacebuilding, humanitarian and development projects around the world. Our mission is to help people build better lives and countries achieve sustainable development.

UNOPS areas of expertise cover infrastructure, procurement, project management, financial management and human resources.

Working with us

UNOPS offers short- and long-term work opportunities in diverse and challenging environments across the globe. We are looking for creative, results-focused professionals with skills in a range of disciplines.

Diversity

With over 4,000 UNOPS personnel and approximately 7,000 personnel recruited on behalf of UNOPS partners spread across 80 countries, our workforce represents a wide range of nationalities and cultures. We promote a balanced, diverse workforce — a strength that helps us better understand and address our partners’ needs, and continually strive to improve our gender balance through initiatives and policies that encourage recruitment of qualified female candidates.

Work life harmonization

UNOPS values its people and recognizes the importance of balancing professional and personal demands.


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