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Chief, Finance and Risk Management

New York City

  • Organization: UNDP - United Nations Development Programme
  • Location: New York City
  • Grade: Level not specified - Level not specified
  • Occupational Groups:
    • Accounting (Audit, Controlling)
    • Banking and Finance
    • Internal audit, Investigation and Inspection
    • Disaster Management (Preparedness, Resilience, Response and Recovery)
    • Managerial positions
  • Closing Date: Closed
Background
 
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.

Hosted by the UN Development Programme (UNDP), the Multi-Partner Trust Fund Office (MPTF Office) is the only United Nations unit exclusively dedicated to the design and administration of multi-stakeholder pooled financing instruments. Since 2003, it has supported over 200 UN-implemented pooled funds, providing an integrated platform of inter-agency pooled fund services to help UN organizations and partners make fast and efficient progress towards collective outcomes, like the 2030 Agenda. The MPTF Office’s current portfolio is over $16 billion in total, with more than $1.8 billion per year in contributions and includes more than 150 active pooled financing mechanisms.  

The MPTF Office’s trustee and fund design and administration service is a standard-setter in the UN System - professionalized, highly transparent and firewalled from all UN implementing entities. The MPTF Office has put in place a number of tools and systems to support its transparent and accessible fund administration services such as its digital platform the MPTF Office Gateway. As a shared UN service provider, the MPTF Office operates in a distinct and dedicated business unit. It provides an integrated service platform that, in addition to core trust fund design and administration functions, provides complimentary services to users like data analytics, research administration, and knowledge management. 

The Chief Finance and Risk Management is a member of the senior management team of the MPTF Office and provides leadership and direction on core strategic areas enabling the office to deliver on its strategic vision and multi-year work plan with a particular focus on overall strategic business planning and risk management functions to ensure a constant and cutting-edge risk-informed approach to the work of the MPTF Office.  

Position Purpose:

The Chief Finance and Risk Management assumes primary responsibility is for management of financial and operational risks related to the core business of the MPTFO, strategic financial planning underpinning the sustainability of the MPTF Office business model, and planning of investments in systems, infrastructure and human resources needed to maintain excellence of fund administration services. The position oversees financial services and operations of the Office, thus contributing to ensure rapid, efficient, accountable, risk-informed and cost-effective fund administration services. The Chief Finance and Risk Management is the primary MPTF Office interface with related UNDP corporate and UN-wide oversight bodies, including Finance and Budget, Audit and Investigation.  In this capacity, the position is a primary contributor to the strategic partnerships of the MPTF Office with UN system and external entities in the realm of management standards assurance, finance, oversight, audit and risk management.  

Duties and Responsibilities
 
Contribute to the Leadership, Management and Risk-Informed Direction of the MPTF Office 
  • As a member of the Senior Management Team, lead in preparation and monitoring of consultative MPTF Office Investment Plan, Risk Management Framework, HR Surge and Talent Strategy to respond to medium and long-term trends in the external environment for pooled funds and requirements for internal office functioning.
  • Regularly monitor and review the MPTFO business service model, risk log, financial projections and options for efficiency gains to ensure the financial integrity and sustainability of the MPTF Office as a lean, self-financed unit.
  • Oversees the development and implementation of the Office career and talent management strategies.
  • Provides financial, strategy and risk related inputs into Corporate Reporting on behalf of the Executive Coordinator.
  • Oversees income and expenditure projections and models for the office, such as: annual budgeting, direct costing, financial stress models and fees for non-standard agreements.
  • Acts as Executive Coordinator a.i. in the absence of the Executive Coordinator and Deputy Executive Coordinator.

Represent MPTF Office and liaise with strategic partners on business strategy, finance and risk management 

  • Lead the liaison with UNDP, BMS on MPTF Office Strategic Finance and Risk Management matters.
  • Lead MPTF Office representation in senior level UN inter-agency bodies on Strategic Finance and Risk Management in particular the UN Finance and Budget Network and UN Business Operations Group. 
  • Represent MPTF Office as an alternate member of the UNDG Fiduciary Management and Oversight Group

Provide strategic advice, management and technical leadership on risk management for MPTF Office

  • Conceptualizes and monitors the office-wide Risk Management Framework, including risks to which MPTF Office may be exposed in its business areas and advises on ways to balance and mitigate those risks.
  • Leads the establishment of appropriate risk monitoring systems, tracking of policies, compliance, prevention and mitigation practices as part of the first and second lines of defense.
  • Oversee, monitor and support audit and verification exercises at the MPTF Office and Fund level, in particular for large, complex and flagship funds.
  • Oversees the design and implementation of the internal control framework for the office and core functions.
  • Oversees MPTF Office policy development and implementation including capacity development of staff and systems on risk management.
  • Oversees appropriate mechanisms for reporting and compliance monitoring for fraud and ethics concerns pertaining to MPTF Office and MPTF Office administered funds.
  • Oversees risk analysis as an input to the MPTF Office Fund Appraisal process.
  • Oversees risk aspects of the MPTF Office due diligence of private sector and non-UN Organizations due diligence.
  • Act as alternate legal focal point in absence of the Deputy Executive Coordinator, advises Fund Portfolio team and Head of Office on use of legal instruments and need to escalate legal issues to UNDP Legal Office and/or FMOG.

Advise on and oversee Finance and Operations Services for sound Fund Administration and strategies for efficiency and risk management 

  • Leads and oversees MPTF Office finance, operations and systems functions and teams, providing guidance and leadership over KPIs and team management.
  • Oversees the office Finance function, including Financial Disclosure Policy, budget preparation, projection and results analysis in line with the UNDP POPP.
  • Oversees the annual financial reporting process and ensure accurate and complete Statements of Sources and Uses of Funds are authorized and certified as per legal requirements and deadlines; and standard financial reports and tables are produced
  • Ensures quality of financial of fund closure process and oversee progress on financial closure targets, review analysis on project financial closure; authorizes project to be financially closed; approves GLJEs as needed
  • Provides guidance and direction for new product solutions and innovations within the MPTFO finance and operations teams.
  • Supervise directly the MPTF Office Finance Specialist, Operations Manager and Risk Management Team.

Supervisory/Managerial Responsibilities:

  • This position will supervise the positions of two Operations Manager/Finance Specialist at P4 level and one Finance Manager at P3 level
 
Core Competencies
  • Achieve Results: LEVEL 4-Prioritize team workflow, mobilize resources, drive scalable results/strategic impact
  • Think Innovatively : LEVEL 3-Proactively mitigate potential risks, develop new ideas to solve complex problems   
  • Learn Continuously: LEVEL 3-Create and act on opportunities to expand horizons, diversify experiences
  • Adapt with Agility: LEVEL 3-  Proactively initiate and champion change, manage multiple competing demands
  •  Act with Determination: LEVEL 4- Able to make difficult decisions in challenging situations, inspire confidence.
  • Engage and Partner: LEVEL 4- Construct strategic multi-partner alliances in high stake situations, foster co- creation
  • Enable Diversity and Inclusion : LEVEL 3- Appreciate benefits of diverse workforce and champion inclusivity

People Management:

UNDP People: Management Competencies can be found on the dedicated site.

Cross-Functional & Technical competencies:

  • System Thinking:    Ability to use objective problem analysis and judgement to understand how interrelated elements coexist within an overall process or system, and to consider how altering one element can impact on other parts of the system
  • Strategic Thinking :   Ability to develop effective strategies and prioritized plans in line with UNDPs objectives, based on the systemic analysis of challenges, potential risks and opportunities, linking the vision to reality on the ground, and creating tangible solutions.
  • Ability to leverage learning from a variety of sources to anticipate and respond to future trends; to demonstrate foresight in order to model what future developments and possible ways forward look like for UNDP.
  • Negotiation and Influence :   Ability to reach an understanding, persuade others, resolve points of difference, gain advantage in the outcome of dialogue, negotiates mutually acceptable solutions through compromise and creates “win-win” situations
  • Audit risk management : Ability to address audit issues raised in the course of an audit and propose solutions in order to ensure a true and fair audit opinion is achieved
  • Financial Risk Management  : Ensure financial resilience through proactive assessment of risk, implementation of controls and taking mitigating action. Understands risk and reward in relation to collaborative and commercial projects. Ensures a culture of positive risk management.
  • Communication: Ability to communicate in a clear, concise and unambiguous manner both through written and verbal communication; to tailor messages and choose communication methods depending on the audience
  • Strategic engagement :   Ability to capture and sustain attention, interest and agreement of high-level, influential policy and decision makers and secure their buy-in of high-level vision and objectives

Required Skills and Experience

Education:

Advanced University Degree (Master’s Degree) in Finance/Accounting and/or a professional accounting qualification from an internationally accredited institute of accountancy is required

Experience:
  • Minimum 10 years of professional work experience in an international setting, including providing strategic direction, management and guidance at a corporate level in financial management, compliance, risk management, audit and accounting.
  • Proven experience in the management of UN and public sector financial audit processes.
  • First-hand experience in the management of EC verification processes in a UN context will be a strong asset.
  • Deep understanding of UN inter-agency and multi-stakeholder financing services.
  • Sound understanding and proven experience in risk management and internal control frameworks and processes.
  • Sound understanding of UNDP and/or other UN entities’ financial rules and regulations, operations, human resources, procurement policies and procedures.


Language Requirement:

Fluency in English, both written and oral.
Working knowledge of another UN language, such as French, is desirable.

Please note that continuance of appointment beyond the initial 12 months is contingent upon the successful completion of a probationary period.
 
Disclaimer
 
 
Under US immigration law, acceptance of a staff position with UNDP, an international organization, may have significant implications for US Permanent Residents. UNDP advises applicants for all professional level posts that they must relinquish their US Permanent Resident status and accept a G-4 visa, or have submitted a valid application for US citizenship prior to commencement of employment. 
 
UNDP is not in a position to provide advice or assistance on applying for US citizenship and therefore applicants are advised to seek the advice of competent immigration lawyers regarding any applications.
 
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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This vacancy is now closed.
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