Treasurer/Chief of Financial Risk Management Service

Job Posting Organization:
The Financial Risk Management Service (FRMS) is part of the Finance Division within the Office of Programme Planning, Finance and Budget in the Department of Management Strategy, Policy and Compliance of the United Nations. The FRMS is responsible for managing cash and financial assets, dealing with financial intermediaries, and administering health, life, and commercial insurance for the Organization. The service aims to provide financial flexibility to achieve the Organization's objectives in alignment with its strategic plan. The FRMS is led by the Treasurer/Chief of Service and consists of five operating sections: Cashiers, Investments, Global Banking Operations, Health and Life Insurance, and Risk Management and Compensation. The organization emphasizes efficiency and effectiveness in its financial operations, ensuring that all financial resources are managed securely and profitably.

Job Overview:
The Treasurer/Chief of Financial Risk Management Service will oversee the development of banking and investment policies to enhance the availability and security" style="border-bottom: 1px dotted #007bff !important;">security of financial resources for the United Nations. This role involves providing leadership and support to various UN agencies, negotiating banking agreements, and establishing relationships with commercial banks and financial institutions. The position requires strategic oversight of treasury operations, including cash management, investment strategies, and compliance with financial regulations. The incumbent will also lead a team responsible for daily treasury functions, ensuring quality service delivery to clients. The role demands a proactive approach to developing innovative financial solutions that meet the unique needs of the Organization, particularly in challenging jurisdictions.

Duties and Responsibilities:
The responsibilities of the Treasurer/Chief of Financial Risk Management Service include:

• Developing and implementing banking and investment policies to optimize financial resources.
• Leading and supporting UN agencies in financial operations and negotiations.
• Establishing and maintaining banking arrangements with commercial and central banks.
• Developing cash handling policies and procedures for system-wide use.
• Managing the Organization's exposure to financial risks and preparing cash flow forecasts.
• Overseeing investment activities and ensuring compliance with financial regulations.
• Facilitating contributions from Member States and establishing relationships with financial institutions.
• Utilizing information technology to enhance payment security and efficiency.
• Leading a team in executing treasury functions, including cash management and investment strategies. 1
• Providing guidance on risk management and compliance frameworks.

Required Qualifications:
Candidates must possess a deep understanding of treasury and finance, including investments, cash management, and banking operations. They should demonstrate the ability to supervise investments and manage relationships with key stakeholders. Proficiency in operating electronic banking and trading platforms is essential. Candidates should exhibit professionalism, accountability, and leadership qualities, with a strong commitment to achieving organizational goals and fostering a diverse and inclusive work environment.

Educational Background:
An advanced university degree (Master's degree or equivalent) in finance, business, or a related field is required. Alternatively, a first-level university degree (Bachelor's degree or equivalent) combined with two additional years of relevant work experience may be accepted in lieu of the advanced degree.

Experience:
A minimum of 15 years of progressively responsible experience in treasury and finance is required, including expertise in investments, cash management, and banking operations in international markets. Candidates should have at least 10 years of experience in financial operational management at the international level, with a focus on stakeholder relations and team management. Experience with electronic banking platforms, such as SWIFT and Bloomberg, is also required, along with a background in accounting and budgeting.

Languages:
English is the mandatory working language for this position, with a required proficiency level of UN Level III in reading, writing, listening, and speaking. Knowledge of French is considered an asset, but not mandatory.

Additional Notes:
This position is financed by the Regular Budget and is initially for a period of one year, subject to budgetary approval and availability of the post. The United Nations is committed to diversity and encourages applications from underrepresented Member States. Staff members must adhere to geographical or lateral move requirements and may be subject to a probationary period. The UN does not charge any fees during the recruitment process and is dedicated to maintaining a non-smoking environment.