Background Information - FG
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: 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. 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. 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).
Summary of functions: Credit Risk Management Operations (including reporting, monitoring and analysis) Credit Risk Management Policy (including Finance policy and support to procurement policy) Trade Finance Products (policy, and transactional). 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.
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