Treasury Associate

Note: Previous applicants that have already applied to this Job ID (40457) do not need to re-apply.

UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.

UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.

(Please note that continuance of appointment beyond the initial 12 months is contingent upon the successful completion of a probationary period).

This position is primarily responsible for confirmation and settlement of all Investment transactions, reconciliation of daily investment transactions and the reconciliation of the Custody Account holdings on a monthly basis.

• Confirmation and settlement of Investment transactions
• Reconciliation of Custodian Account with Northern Trust
• Enter new or amend settlement instructions in Atlas
• Analyze and communicate on the returned/rejected payments disbursed from HQ bank accounts
• Act as back up to Treasury Associate 

• Maintain confirmation and settlement data in Atlas and verify the accuracy of transaction data input by the Investment Officers.  
• Reconcile daily investment transactions and resolve settlement failures
• Process all confirmation and settlement data using the Northern Trust Passport application, ATLAS and SWIFT.  

• Conduct the monthly Northern Trust custody account reconciliation process and present report to the Management.
• Follow up for any discrepancy, value adjustments and/or non-settlement.
• Ensure that there are settlement instructions for all investment transactions
• Ensure all settlement instructions of all counterparties for all authorized cash payments and transfers are entered in Atlas.
• Resolve discrepancies with any messages / instructions.
• Ensure accurate and complete instruction for settlements via FGT or via pay-cycle EFT payments using the Pay cycle simulator query.
• Familiar with different types of SWIFT messages to be sent out to the counterparties as confirmation of the trades done by Investment Unit.

• Demonstrates commitment to UNDP’s mission, vision and values.
• Displays cultural, gender, religion, race, nationality and age sensitivity and adaptability.

Technical / Functional Competencies:

• Specialized knowledge/competency in cash management and treasury operational procedures. 
• Knowledge of financial markets and international banking.
• Knowledge of US banking rules and settlement guidelines and clearing systems.
• Strong numerical and analytical abilities.
• Demonstrated capability to use excel spreadsheets; ability to create macros useful.  Basic knowledge of accounting essential.
• Strong written and oral communication skills.
• Ability to work cross-unit and communicate specialized information.
• Knowledge of PeopleSoft, Treasury, AP and AR functions.

• Shares knowledge and experience
• Encourages office staff to share knowledge and contribute to UNDP practice areas.
• Actively works towards continuing personal learning and development in one or more Practice areas, acts on learning plan and applies newly acquired skills.

Development and Operational Effectiveness

• Ability to perform a broad range of specialized activities related to treasury management, maintaining Treasury transactions (including deals and bank transfers) and cash forecasting.
• Sound Knowledge of UNDP Financial Regulations and Rules and UNDP Finance policies and procedures in POPP.
• Ability to provide input to business processes for the ATLAS system.
• Strong IT skills 

• Consistently approaches work with energy and a positive, constructive attitude.
• Demonstrates openness to change and ability to manage complexity.
• Ability to work on tight deadlines under pressure.

• Strong analytical skills and sound judgment.
• Ability to define problems, collect data, establish facts and draw valid conclusions.

• Secondary Education specialize certification in Accounting and/or Finance. 
• University degree in Finance, Business Administration or Accounting desirable, but it is not a requirement.
• Part-qualified accountants from an internationally recognized institute of accountancy or with treasury professional certification (e.g., CTP) will have a distinct advantage.
• Long-listed candidates will be required to undergo the UNDP Accountancy and Finance Test, including Treasury modules.

• Minimum 6 years of progressive experiences in banking or treasury operations related functions; prior finance and accounting experience as asset. 
• Experience in the usage of computers and office software packages and advanced knowledge of spreadsheet and database packages, experience in handling of web-based management systems. 
• Experience with ERP financials (preferably PeopleSoft) desirable, in particular the Banking and Account Payable Modules. 
• Extended specialized experience in SWIFT operations’ knowledge of UNDP ATLAS Accounts Receivable module and back office settlement processes an advantage.
• Knowledge of IPSAS and/or IFRS required.

• Fluency in written and spoken English required.

Important applicant information

Internally advertised General Service (GS) fixed-term appointment (FTA) positions located in Headquarters are open to GS staff members currently serving in New York/Washington D.C. who hold a UNDP permanent or FTA who are either US Permanent Residents, US citizens or holders of a valid G4 visa at the time of their application and whose G4 visa has been acquired on account of their employment in the UN Systems based in New York or Washington, DC.

Current UNDP GS staff serving outside of HQ must meet the eligibility criteria stated above prior to their application.

Selected candidates who meet the above mentioned eligibility criteria are responsible for their own travel and/or relocation costs

Local recruitment

All posts in the GS categories are subject to local recruitment.

Applicant information about UNDP rosters

Note: UNDP reserves the right to select one or more candidates from this vacancy announcement.  We may also retain applications and consider candidates applying to this post for other similar positions with UNDP at the same grade level and with similar job description, experience and educational requirements.

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