OPEC Fund Recruitment Application Form Portal – The OPEC Fund Recruitment application portal is open. There are various positions for interested and qualified persons to apply. Candidates are expected to apply for the position most qualified for. The duties and responsibilities for the job vacancy are contained below.
The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are: Algeria, Ecuador, Gabon, Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and the Bolivarian Republic of Venezuela.
We are recruitment to fill the following positions below:
Job Title: Investment Manager, Portfolio Management Unit
Location: Austria (AT)
Aim of Job
- This position is responsible for managing a portfolio of the Private Sector and Trade Finance Department’s loans, equity investments and guarantees in developing countries, including execution and implementation of approved operations and continuous monitoring of the assigned portfolio, all in accordance with related finance documents, the departmental strategy and framework and the OPEC Fund’s policies and procedures, in order to contribute to a compliant and optimal project portfolio.
Roles/Responsibilities
Review & analysis and reporting
- Processes withdrawal applications
- Reviews financial covenants, compliance certificates, external project reports, and financial reports of borrowers and prepares credit monitoring reports
- Reviews and processes waiver, amendment, consent, and rescheduling/restructuring requests
- Conducts monitoring missions and if required, participates in appraisal/due diligence missions
- Stays abreast of country, sectoral, market and product developments
- Provides recommendations and suggestions to the Director Portfolio Management for any improvement of the work efficiency and productivity
Stakeholder Management and Engagement:
- Negotiates and closes new transactions with borrowers, shareholders, and co-lenders
- Manages relationships with existing borrowers and co-financiers in order to monitor project implementation in line with the provisions of signed agreements and approved procedures
- Represents the OPEC Fund at external conferences, meetings, symposia, and other external events in connection with project review & monitoring
- Participates in departmental working groups and organizational task forces as required
- Works closely with related departments throughout the project cycle, e.g. the Legal Department and Loan Management Unit throughout the phase preceding full disbursement
Carries out other tasks that are related to the job function, assigned by the Director Portfolio Management.
Qualifications and Requirements
- Candidates must possess a Master’s Degree in Accounting / Commerce / Finance / Economics
- Minimum of 5 years professional experience preferably 2-3 years obtained within the Private Sector division of a major international development finance institution; a banking environment (including commercial or investment banking, fund management or a development bank); a commercial/development environment of relevance to the OPEC Fund’s operations and job profile
- Preferably 1-2 years of experience at an international development finance institution
Competencies:
- Excellent written and verbal communication skills in English
- A good working knowledge of Arabic, French or Spanish will be an added advantage.
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How to Apply for OPEC Fund Recruitment
Interested and qualified candidates should:
Click here to apply online
Job Title: Senior Risk Policy Officer
Location: Austria
Job Profile
- The Senior Risk Policy Officer develops, implements and maintains the OPEC Fund’s risk management framework comprising of policies, processes, and methodologies, and supports the development of the IT infrastructure for risk management, all in accordance with the institutional risk framework, in order to prevent, minimize, and mitigate risk.
Roles and Responsibilities
Policy Development and Implementation:
- Develops, implements and maintains risk management policies, guidelines, methodologies, processes, and systems for identification, measurement, mitigation, and reporting of the risks in OPEC Fund’s operations (capital adequacy, liquidity, credit risk, market risk, operational risk, asset and liability management, and provisioning) in line with practices at peer AAA-rated multilateral development banks.
- Develops and implements policies and methodologies for determining economic capital requirements and allocations, prudential minimum liquidity, and loan loss provisioning in line with practices at peer AAA-rated multilateral development banks.
- Maintains and enhances guidelines related to pricing of OPEC Fund’s products, including loans and guarantees.
Risk Management and Analysis:
- Develops and enhances risk models and methodologies for measuring various risks in OPEC Fund’s operations.
- Leads preparation of data submission to credit rating agencies for the semi-annual or annual review of OPEC Fund’s credit ratings.
- Leads preparation of risk management inputs to quarterly financial statements.
- Provides feedback to and consults with the operations department to identify risk issues and develop solutions that satisfy the technical and business need.
- Advises on risk policy and methodology matters.
- Supports IT projects and other specialized projects to meet risk management requirements.
- Assists in developing and maintaining risk data for use by key stakeholders, including member countries, bond investors, rating agencies, and regulators.
- Assists in the administration of the risk management committee, including coordination and preparation on meeting schedules, agenda, materials, and minutes.
Research and Analysis:
- Researches and analyzes various matters related to risk management to ensure alignment of OPEC Fund’s risk policies and methodologies with in line with practices at peer AAA-rated multilateral development banks and industry developments (such as the replacement of LIBOR).
Reporting:
- Assists in the preparation of quarterly and annual risk management report.
- Carries out other tasks assigned by the Director, Market Risk, Operational Risk & Policies.
Qualifications and Requirements
- Candidates must possess a Master’s degree in Accounting/Finance/Economics or equivalent professional qualification.
- A minimum of twelve years of banking experience.
- Preferably, 10-12 years of experience with multilateral/bilateral development financial institutions, global or regional banks or fund managers, with focus on development of risk policies, methodologies, and IT systems.
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Competencies:
- Demonstrable knowledge of risk management concepts and principles in the context of highly rated multilateral development financial institutions, covering capital adequacy, liquidity, credit risk, market risk, operational risk, asset and liability management, and provisioning.
- Good knowledge of credit rating and pricing methodologies.
- Good understanding of lending and investment practices, banking products, and rating agency methodology.
- Demonstrable understanding of the application of risk management methods to information technology and vice versa.
- Strong interpersonal, teamwork and analytical skills, as well as high level of integrity and drive for achieving results.
- Excellent command of English, including drafting and negotiating legal documents in English. Knowledge of other languages (French/Spanish/Arabic) will be advantage.
- Ability to work within a multi-cultural and multi-disciplinary team.
- Ability to work with little supervision and under pressure.
How to Apply for OPEC Fund Recruitment
Interested and qualified candidates should:
Click here to apply online
Job Title: Senior Portfolio Management Officer
Location: Austria (AT)
Job Profile
- The Senior Risk Policy Officer develops, implements and maintains the OPEC Fund’s risk management framework comprising of policies, processes, and methodologies, and supports the development of the IT infrastructure for risk management, all in accordance with the institutional risk framework, in order to prevent, minimize, and mitigate risk.
Roles and Responsibilities
Policy Development and Implementation:
- Develops, implements and maintains risk management policies, guidelines, methodologies, processes, and systems for identification, measurement, mitigation, and reporting of the risks in OPEC Fund’s operations (capital adequacy, liquidity, credit risk, market risk, operational risk, asset and liability management, and provisioning) in line with practices at peer AAA-rated multilateral development banks.
- Develops and implements policies and methodologies for determining economic capital requirements and allocations, prudential minimum liquidity, and loan loss provisioning in line with practices at peer AAA-rated multilateral development banks.
- Maintains and enhances guidelines related to pricing of OPEC Fund’s products, including loans and guarantees.
Risk Management and Analysis:
- Develops and enhances risk models and methodologies for measuring various risks in OPEC Fund’s operations.
- Leads preparation of data submission to credit rating agencies for the semi-annual or annual review of OPEC Fund’s credit ratings.
- Leads preparation of risk management inputs to quarterly financial statements.
- Provides feedback to and consults with the operations department to identify risk issues and develop solutions that satisfy the technical and business need.
- Advises on risk policy and methodology matters.
- Supports IT projects and other specialized projects to meet risk management requirements.
- Assists in developing and maintaining risk data for use by key stakeholders, including member countries, bond investors, rating agencies, and regulators.
- Assists in the administration of the risk management committee, including coordination and preparation on meeting schedules, agenda, materials, and minutes.
Research and Analysis:
- Researches and analyzes various matters related to risk management to ensure alignment of OPEC Fund’s risk policies and methodologies with in line with practices at peer AAA-rated multilateral development banks and industry developments (such as the replacement of LIBOR).
Reporting:
- Assists in the preparation of quarterly and annual risk management report.
- Carries out other tasks assigned by the Director, Market Risk, Operational Risk & Policies.
Qualifications and Requirements
- Candidates must possess a Master’s Degree in Accounting/Finance/Economics or equivalent professional qualification.
- A minimum of twelve (12) years of banking experience.
- Preferably, 10 -12 years of experience with multilateral/bilateral development financial institutions, global or regional banks or fund managers, with focus on development of risk policies, methodologies, and IT systems.
Competencies:
- Demonstrable knowledge of risk management concepts and principles in the context of highly rated multilateral development financial institutions, covering capital adequacy, liquidity, credit risk, market risk, operational risk, asset and liability management, and provisioning.
- Good knowledge of credit rating and pricing methodologies.
- Good understanding of lending and investment practices, banking products, and rating agency methodology.
- Demonstrable understanding of the application of risk management methods to information technology and vice versa.
- Strong interpersonal, teamwork and analytical skills, as well as high level of integrity and drive for achieving results.
- Excellent command of English, including drafting and negotiating legal documents in English. Knowledge of other languages (French/Spanish/Arabic) will be advantage.
- Ability to work within a multi-cultural and multi-disciplinary team.
- Ability to work with little supervision and under pressure.
How to Apply for OPEC Fund Recruitment
Interested and qualified candidates should:
Click here to apply online
Job Title: Investment Manager, Business Development Unit
Location: Austria (AT)
Job Profile
- The incumbent is responsible to establish and maintain relationships with strategic partners and for the origination, new project screening, conducting due diligence and presenting new credit, guarantee and investment approvals for credit committee recommendation and Governing Board approval, all in accordance with the OPEC Fund’s policies and procedures and the departmental strategy and framework, in order to develop opportunities for future business.
Roles and Responsibilities
Business Development:
- Conducts business development missions (business trips) to identify and qualify potential clients
- Establishes and maintains relationships with strategic partners; DFIs and Commercial Banks to generate business
- Stays abreast of country, sectoral, market and business developments/new projects
- Provides recommendations and suggestions to the Director Business Development for any improvement of the work efficiency and productivity.
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Assessment:
- Participates in the appraisal/due diligence of new projects under considerations
- Reviews and assesses financial viability, creditworthiness and developmental impact of the new projects
Stakeholder Management and Engagement:
- Establishes and maintains regular contact with existing clients in order to develop pipeline for current and future years
- Represents the institution at external conferences, meetings, symposia, and other external events
- Ensures proper communication with the Communications, IT, Legal Services Department and Risk Management function
Carries out other tasks that are related to the job function, assigned by the Director Business Development.
Qualifications and Requirements
- Master’s Degree in Accounting / Commerce / Finance / Economics
- Minimum of 5 years professional experience preferably 2-3 years obtained within the Private Sector division of a major international development finance institution; a banking environment (including commercial or investment banking, fund management or a development bank); a commercial/development environment of relevance to the OPEC Fund’s operations and job profile
- Preferably 1-2 years of experience at an international development finance institution.
Competencies:
- Excellent written and verbal communication skills in English
- A good working knowledge of Arabic, French or Spanish will be an added advantage.
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