AdresDeadline: March 26, 2024
Job Profile
The Financial Management Officer contributes to the effective implementation of various critical policies and guidelines in support of the execution of efficient liquidity, asset-liability and debt management operations. The incumbent is also expected to contribute to the review and risk assessment of investments, including new instruments. Furthermore, the officer is expected to assist the Function Head in managing the Staff Retirement Fund (SRF).
Duties and Responsibilities
Policy development and implementation
- Contributes to the review of Liquidity, Asset and Liability Management, and Treasury Risk Management policies and monitors implementation/compliance.
- Contributes to the formulation of investment guidelines for Treasury portfolios and SRF and monitors implementation/compliance.
- Assists in the review and risk assessment of investments, including new instruments.
Data collection and analysis
- Performs research and analysis related to OPEC Fund’s Treasury portfolios and SRF and prepares reports thereof.Assists in the review and risk assessment of investments, including new instruments.
- Monitors and analyzes various risk measures on the balance sheet such as liquidity gaps, asset liability mismatches, interest rate exposure, and FX exposure.
- Analyzes various portfolio data to calculate and monitor equity duration of the balance sheet.
- Analyzes Treasury portfolios’ performance, liquidity and credit quality; and monitors compliance with relevant OPEC Fund policies.
- Carries out liquidity analysis/modeling to inform debt management and cash flow planning decisions.
- Assists in carrying out long-term projections of OPEC Fund’s financial operations.
- Carries out scenario analyses to simulate effects of interest rate changes on the assets and liabilities.
Stakeholder management and engagement
- Analyzes OPEC Fund’s asset liability profile and coordinates with Risk Management to ensure compliance with the ALM policy. Assists in managing relationship with OPEC Fund’s investment consultant to enhance Treasury portfolios and SRF investment strategies and reporting.
- Supports other Finance Department units/functions with planning, reconciliation and transaction related issues.
- Assists in overseeing the OPEC Fund’s SRF mandate and evaluate manager performance.
Reporting
- Provides regular and ad-hoc analyses and reports to Management, the Governing Board and the Audit and Risk Management Committee.
- Prepares and reviews relevant sections of quarterly ALM reports.
- Assists in preparing Pension Committee reports on SRF performance and attribution.
- Assists in liaising with the OPEC Fund’s actuary in preparing Staff Retirement Plan actuarial valuation reports.
- Undertakes miscellaneous projects related to the Treasury portfolios and SRF.
Carries out other tasks assigned by the Assistant Treasurer - Head, Financial Management and/or Treasurer that are related to the responsibilities of Treasury.
Qualifications and Experience
- Master’s degree in Business Administration, Finance, Economics or related fields or a related field.
- A minimum of five years relevant professional experience, preferably three years of which should have been in an international financial institution.
- Professional financial qualification (e.g. CFA, FRM) is desirable.
- Strong quantitative/numerical skills with experience interpreting data.
- Robust analytical skills are required.
- Proficiency in Microsoft Office suite, including Word, Excel and PowerPoint.
- Skills on database related programming (SQL, JAVA, Python, Power BI and etc.) is highly desirable.
- Fluent in English. Good working knowledge of Arabic, French, German or Spanish is an added advantage.
Competencies
- Subject Matter Knowledge - The in-depth understanding and expertise in specific fields relevant to the OPEC Fund's operations and the individual's role.
- Ability to Work Under Pressure - The capacity to remain composed, focused and productive when facing tight deadlines, high-stakes situations and demanding workloads.
- Collaboration and Teamwork - The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.
- Customer Centricity - The ability to focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships.
- Decision making - The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.
