Treasury Senior Associate
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Location:
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Salary:negotiable / YEAR
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Job type:FULL_TIME
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Posted:4 months ago
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Category:Budget and Accounting, Finance, Treasury and Investment
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Deadline:19/09/2024
JOB DESCRIPTION
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 Treasury Senior Associate reports to the Finance Specialist – Treasury & Banking. The role holder will support the management of UNOPS Global Banking platform, global cash management operations, liquidity planning, and field based cash management solutions.
Summary of functions:
- Banking & Cash Management
- Liquidity & Foreign Exchange
- Treasury Systems & Tools
- Knowledge management and innovation
1. Banking
- Support daily, weekly, monthly, and quarterly cash positioning and liquidity planning across UNOPS global bank accounts in all currencies.
- Support the cash flow forecasting process of UNOPS corporate and field accounts, aiming to continuously improve the accuracy of the reporting by liaising with global field based business units.
- Support the establishment and maintenance of UNOPS bank accounts including opening, closing of accounts, and managing signatory panels.
- Support and report on the allocation of all banking fees for UNOPS accounts globally ensuring reconciliation and attribution of fees to other business units where required.
- Understand business requirements of banking and cash management services in the ERP and the TMS.
- Support daily funding operations in the TMS for UNOPS cash management requirements, including management of the liquidity portfolio vis-a-vis liquidity deficits or liquidity surpluses.
- Continuously build the treasury relationship with global field offices and project management colleagues relating to banking and cash management solutions in the field
2. Liquidity & Investment Management
- Process foreign currency funding trades to UNOPS global nostro accounts in line with UNOPS Treasury policy using best execution methods.
- Own reporting on a monthly basis of the Treasury Operations Dashboard (Dashboard reporting to UNOPS CFO).
- Prepare the reconciliation of cash positions.
- Contribute to the year-end closure process and in the preparation of the year end financial statements for assigned areas.
- Assist in the preparation of year-end audit letters to ensure bank balances and transactions are properly audited.
- Manage month and quarter end treasury processes
3. Treasury Systems & Tools
- Continuously strive to implement systems, solutions, tools and functionality with UNOPS Treasury systems, including the ERP, TMS and Global Custodian Platform
- Support the management of banking and cash management functionality in TMS, including management of users, static data, and connectivity of bank accounts and execution platforms
4. 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 in facilitating an efficient framework on the dissemination and sharing of best practices so that knowledge is utilised to the most extent possible.
Impact of Results
The Finance Senior Associate – Treasury & Banking is a key bridge between HQ and UNOPS global offices and is expected to become an expert in development banking, cash management in fragile contexts, and a key partner for UNOPS projects across the globe, enhancing the use of technology to achieve our goals, and ensure treasury controls are effective in all operations. The role holder will push UNOPS Treasury digitsation program under the wider Process Innovation and Digitisation project, with the key aim of facilitating better management of UNOPS and its partners funds
The Finance Senior Associate – Treasury & Banking is a key bridge between HQ and UNOPS global offices and is expected to become an expert in development banking, cash management in fragile contexts, and a key partner for UNOPS projects across the globe, enhancing the use of technology to achieve our goals, and ensure treasury controls are effective in all operations. The role holder will push UNOPS Treasury digitsation program under the wider Process Innovation and Digitisation project, with the key aim of facilitating better management of UNOPS and its partners funds
| 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. |
| 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
- Completion of secondary education is required.
- An under-graduate or graduate university degree in finance and/or business or a related field is highly desired and may substitute for some years of experience
- Appropriate professional accreditation or qualification in Treasury is highly desirable.
- Membership in an internationally recognized Treasury body would be an advantage.
- TMS knowledge would be a further advantage, particularly for the current TMS provider (Kyriba).
Experience
- A minimum of 7 years of progressively responsible experience in treasury, banking and cash management with a strong focus cashflow forecast, liquidity management, and payments is required.
- Exposure and experience working with Treasury technology (e.g., trading platforms, payment connections) and implementation experience are a key advantage.
- Exposure to treasury in fragile contexts and developing/frontier markets is a strong asset
Language Requirements
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Contract type: Local Individual Contractor Agreement
Contract level: LICA 7
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
This vacancy is looking to fill a full-time open-ended position. However, as the contract modality for this Vacancy Announcement is an International Individual Contractor Agreement, UNOPS may also use the results of this recruitment process to offer a full-time short-term, or a retainer (contract for intermittent work, subject to budget availability and business needs) contract.
As per the terms of the Host Agreement between UNOPS and the Government of Denmark, UNOPS officials are privileged to an exemption from taxation on the salaries and emoluments paid to them by UNOPS granted that they reside in Denmark.
While this is a Local Individual Contractor Agreement, the position is open to all nationalities given relocation to or current residency in Denmark.
- Please note that UNOPS does not accept unsolicited resumes.
- Applications received after the closing date will not be considered.
- Please note that only shortlisted candidates will be contacted and advance to the next stage of the selection process, which involves various assessments.
- UNOPS embraces diversity and is committed to equal employment opportunity. Our workforce consists of many diverse nationalities, cultures, languages, races, gender identities, sexual orientations, and abilities. UNOPS seeks to sustain and strengthen this diversity to ensure equal opportunities as well as an inclusive working environment for its entire workforce.
- Qualified women and candidates from groups which are underrepresented in the UNOPS workforce are encouraged to apply. These include in particular candidates from racialized and/or indigenous groups, members of minority gender identities and sexual orientations, and people with disabilities.
- We would like to ensure all candidates perform at their best during the assessment process. If you are shortlisted and require additional assistance to complete any assessment, including reasonable accommodation, please inform our human resources team when you receive an invitation.
Terms and Conditions
- 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 ( they take around 4 hours to complete) in your own time, before providing services to UNOPS. Refreshers or new mandatory courses may be required during your contract. Please note that you will not receive any compensation for taking courses and refreshers. For more information on a retainer contract here.
- All UNOPS personnel are responsible for performing their duties in accordance with the UN Charter and UNOPS Policies and Instructions, as well as other relevant accountability frameworks. In addition, all personnel must demonstrate an understanding of the Sustainable Development Goals (SDGs) in a manner consistent with UN core values and the UN Common Agenda.
- It is the policy of UNOPS to conduct background checks on all potential personnel. Recruitment in UNOPS is contingent on the results of such checks.
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