Company Info
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.
1). Senior Credit Risk Officer
Location: Austria
Job Profile
- The Senior Credit Risk Officer assesses, monitors, and reports on risks of new and existing private sector transactions undertake portfolio monitoring and reporting, prepares quarterly risk management reports, develops credit risk policies in accordance with OPEC Fund’s strategy and institutional risk framework to prevent and mitigate risk.
Duties and Responsibilities
Credit Appraisal and Monitoring:
- Ensure OPEC Fund’s credit risk policies, procedures and guidelines are applied to new transactions and existing portfolios. Implement OPEC Fund’s risk appetite set by the Board, contributing to OPEC Fund’s financial sustainability and development objectives.
- Assess the risks of new and existing private-sector debt, guarantee, and equity transactions in line with the credit approval and monitoring process.
- Provide recommendations to project teams on risk issues, key due diligence items, deal structuring, and appropriate risk mitigation measures, determine accurate risk ratings for public and private sector obligors in accordance with internal rating methodologies, pricing/valuation, and risk-return analysis, key terms and conditions, and financial covenants, during the transaction approval stage and post-disbursement for waivers/consents and monitoring reviews.
- Prepare objective, well-reasoned and independent risk assessments and credit notes for new transactions, to ensure full disclosure and understanding of risks in the approval and monitoring process.
- Provide well-reasoned credit decisions on waivers, amendments, and consents for key transaction terms and conditions, covenants, and any other transaction undertakings.
- Review and provide independent credit opinions on annual monitoring reports for existing transactions, assess and determine updated risk ratings.
- Ensure portfolio quality is maintained with timely identification of credit risks, project challenges, and portfolio trends. Maintain accurate credit and facility ratings to reflect risks, and updated credit watch lists. Assist in portfolio monitoring and monitoring compliance of exposure limits, diversification/concentration limits, portfolio weighted risk ratings, and risk-adjusted return on capital (RAROC).
- Manage impaired transactions and work closely with the business unit in debt restructuring, including the undertaking of financial analysis and projections, negotiations with borrowers, coordination with other lenders, and preparation of recovery strategy and proposal for submission to the Credit Committee.
- Develop/enhance OPEC Fund’s credit risk policies and risk appetite frameworks, risk processes, and IT risk systems.
Reporting:
- Prepare and submit Credit Notes for new transactions to the Credit Committee.
- Prepare credit decisions/credit commentary on Waivers, Amendments and Consents, and Annual Monitoring Reports.
- Prepare inputs for monthly Nonperforming Loan Report to the Credit Committee and quarterly to the Risk Management Committee.
- Maintain updated Credit Watch lists and submit to Risk Management Committee quarterly.
- Contribute to the quarterly risk management report, develop risk policies, and administer Credit Committee meetings.
- Carry out other tasks assigned by the Director, Credit Risk.
Qualifications and Experience
- Master’s Degree in Accounting / Finance/ Economics or equivalent professional qualification.
- A minimum of 12 years of international banking experience in project finance, financial institutions, and corporate lending.
- Preferably, 10-12 years of experience with multilateral/bilateral development financial institutions, global or regional banks with a focus on assessing credit risk, enhancing processes and IT systems.
- Fluent in English. Good working knowledge of French and/or Spanish is a plus.
Competencies:
- Bright, reliable, and self-motivated. High initiative and ability to work independently, as well as with team members, in a collaborative environment.
- Strong interpersonal, teamwork, and analytical skills with a high level of integrity and drive for achieving results.
- Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity. Excellent verbal and written communication skills.
- Extensive knowledge in credit risk management areas including assessment of individual loans and guarantees, and/or equity investments in the context of credit approval and monitoring process, monitoring of portfolio risks, and management of impaired transactions.
- Excellent analytical and evaluation skills. Good knowledge of credit rating and pricing methodologies, and excellent understanding of lending and investment practices, banking products, and impairment and provisioning.
Application Closing Date
Not Specified.
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2). Portfolio Management Officer
Location: Austria
Job Profile
- The Portfolio Management Officer performs the operational activities of the OPEC Fund’s Liquidity Portfolio (LIQP) investments and dealing operations, all in accordance with the institutional strategy and framework, to generate optimal return with the lowest possible risk.
Duties and Responsibilities
Policy development and implementation:
- Contributes to the formulation of External Portfolio Managers (EPMs) investment guidelines.
Data collection and analysis:
- Performs market research, financial and economic analysis, and prepares reports as required.
- Recommends investments in fixed income securities, derivatives, futures, foreign exchange and money market instruments within the approved rules, procedures and guidelines to contribute to the management of the Liquidity Portfolio (LIQP).
Portfolio management:
- Performs dealing operations, and carries out relevant portion of the settlement activities.
- Monitors investment activities of assigned OPEC Fund’s LIQP EPMs.
- Manages his/her respective portfolios/relationships.
- Executes transactions for internally managed fixed income portfolios, and monitors and analyzes the activities and performances of EPMs hired by the Fund, as well as banking and brokering counterparties.
- Recommends and executes asset liability management derivative transactions.
Reporting:
- Provides analysis on EPMs’ investment strategies and performance, including reports on risk and performance attribution analysis.
- Prepares briefing notes on review meetings.
- Recommends list of banking counterparties, and monitors on an ongoing basis their credit standing.
- Monitors cash flow status, and provides regular updates through cash position reports.
Other duties:
- Carries out other tasks assigned by the Director, Treasury that are related to the job function.
Qualifications and Experience
- Master’s Degree or equivalent in Business Administration, majoring in Finance/ Trade Finance / Economics and Banking or other relevant fields.
- A minimum of five years relevant professional experience, preferably 2-3 years of experience in an international institution.
- Fluent in English. Good working knowledge of French, Arabic, German or Spanish is an asset.
Competencies:
- Extensive knowledge of financial markets / instruments / regulations, economic theories and relationships, valuation tools, etc. particularly as it relates to fixed income investing.
- Proficiency in Bloomberg, Excel, and other research/analytical tools.
- Strong attention to detail and high-level accuracy skills.
- Excellent verbal and written communication skills.
- Works collaboratively with colleagues to achieve organizational goals.
- Ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.
- Conscientious and efficient in meeting commitments, observing deadlines, and achieving results.
Application Closing Date
Not Specified.
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3). Senior Loan Management Officer
Location: Austria
Job Profile
- The Senior Loan Management Officer is responsible for planning and executing disbursement, issue, collection and settlement posting of loan repayments, interest income and other relevant fees, and non-performing loans, and for maintaining accurate records of transactions in the loan accounts, all in accordance with the institutional strategy and framework.
Duties and Responsibilities
Policy development and implementation:
- Prepares and submits a work plan for the approval of the Director, Financial Administration and implements it with all the necessary initiatives and actions required within the framework of the OPEC Fund’s loan disbursement and repayment management strategies and regulations.
Monitoring and review:
- Reviews and validates financial terms and conditions of loans, guarantees and grants.
- Ensures timely and accurate update of data pertinent to loan terms and conditions in the information systems; prepares loan-billing statements for front-end fees and other origination fees.
- Verifies the application of arrears sanctions in accordance to the Fund’s policy.
- Reviews withdrawal applications to ensure compliance with the Fund’s disbursement procedures and contractual obligations prior to payment.
- Initiates the execution of outgoing payments for loan disbursements, equity investments and grants.
- Verifies that disbursements are promptly and correctly posted in the information system; prepare loan statements, advice on debit/credit, among others, where necessary, for use by the borrowers.
- Determines applicable interest rate for floating rate loans and issue interest rate setting notice.
- Completes periodic reconciliation of SAP/CML loan subsidiary accounts with the general ledger, as well as follow up on all outstanding items.
- Manages the issuance, amendment and cancellation of reimbursement guarantees to commercial banks in consultation with the Fund’s General Counsel & Legal Services and Operations Departments.
- Analyzes, reviews and timely issues loan claim letters to borrowers.
- Tracks repayments due and reconcile allocation of incoming payments through Fund’s accounts and the respective postings in relevant loan account registry.
- Identifies, follows up and reports loans in arrears.
Reporting:
- Prepares schedules and contributes to periodic reports for disclosure in the Fund’s financial reports and for use by the Fund’s Management and Governing Board.
- Contributes to preparation and maintenance of the general framework of the Fund’s loan repayment management activities as defined by the Director, Financial Administration and/or the ADG, Financial Operations Department.
- Cooperates with the Operations Departments to ensure that the impact of new financial products on financial operations is duly considered prior to implementation.
Training delivery:
- Participates, where necessary, in approved missions with the Operations Departments in order to provide information and training to borrowers on the Fund’s rules and regulations in this area.
Leadership and direction:
- Coaches and coordinates with other team members of the Loan Management Function and participation in cross-department projects.
- Develops and mentors less experienced staff and supports personal development plans.
Coordination and planning:
- Coordinates with relevant departments, units and officers to ensure the correctness and consistency of data in the information system.
- Assists the Director, Financial Administration in preparation of the work plans of the Loan Management Function, and recommend measures to ensure efficient timely distribution of workload across the Function.
- Carries out other tasks assigned by the Director that are related to the job function.
Qualifications and Experience
- Master’s Degree in Finance / Business, majoring in Accounting, Financial Control, Business Administration or other relevant fields.
- Preference for a recognized accounting/finance certification such as the CA or CPA.
- A minimum of 10 years relevant professional experience
- Preferably 3-5 years of experience in an international development institution.
- Fluent in English. Good working knowledge of French, Arabic, German or Spanish is an added advantage.
Competencies:
- Strong analytical thinking: Ability to use complex analytical techniques to break down problems into pieces and see the complex relationship among them, develop alternatives and calculates the cost/benefit analysis.
- Team player & demonstrate leadership: ability to value and encourage other members to actively participate in the team.
- Ability to define priorities and set targets, to take decisions based on these and to evaluate the effectiveness of the decisions taken.
- Knowledge of financial accounting; knowledge of exchange rate policies; knowledge of taxation and the design of fiscal regimes for resource extraction.
- A good understanding of the Fund’s operations (particularly the areas of public and private sector, grants operations and trade financing).
- Proven track record and familiarity with debt relief and concession issues & put it into excellence in execution and performance.
- Familiar with SAP-CML Enterprise Resource Planning (ERP) systems with a high degree of integration.
Deadline: Not Specified.
How to Apply: Interested and qualified candidates should use the links below to apply: