Finance Specialist - Treasury Middle Office Lead

Overview

This role offers an opportunity to shape the Treasury Middle Office function within UNOPS, contributing to the organization's financial stability and operational efficiency. The position provides exposure to a wide range of treasury activities.

Tasks Summary

• Monitor cash positions and cash forecasting across UNOPS global bank accounts.
• Review the Payment Bank Matrix to ensure UNOPS’ payments are routed successfully.
• Assist in escalating severe or recurring payment issues.
• Support the bank-to-book reconciliation of UNOPS’ bank accounts.
• Effect payment instructions by signing or approving transfer orders.
• Support statement and payment connectivity with banks.
• Review, approve and monitor bank charges and bank interest postings.
• Contribute to the quarterly and annual processes around the books closure processes.
• Support the establishment, management, and maintenance of arrangements with commercial banks.
• Support the opening and closure of bank accounts in TMS and ERP.
• Advise field offices in the usage of project cash management instruments.
• Monitor the compliance of using prepayment, petty cash accounts, and operational advances.
• Review and approve financial transactions in compliance with UNOPS’ policies.
• Develop dashboards, monitor risks, and provide analyses on banking & cash management matters.
• Monitor and manage the access to banking portals for UNOPS’ accounts.
• Monitor UNOPS’ signatory panels and initiate any changes required.
• Lead, coordinate, and oversee daily and timely execution of financial transactions in the Treasury Management System (TMS).
• Perform systematic risk assessments of cash management instruments used by Field Offices.
• Report Treasury KPI/KRI regularly.
• Assist on audit requests.
• Review and approve changes to the Treasury Management System’s (TMS) core data.
• Formulate business requirements of banking and cash management for new processes or features in the ERP, the TMS, or other treasury related systems.
• Contribute innovative ideas in relation to treasury processes, solutions, tools, or systems.
• Contribute to the improvement of banking policies and guidelines.
• Contribute to the year-end closure process and in the preparation of the year-end financial statements.
• Lead the team and shape it to maximize the Treasury Middle Office function.
• Establish team priorities and supervise the implementation of the Middle Office work plan.
• Define clear objectives, performance measurements, and standards.
• Promote collaboration by providing the team with direction and guidance.
• Contribute practical knowledge to the enhancement of practice policies and procedural developments.
• Drive innovation by recommending process efficiency initiatives.
• Actively contribute to global knowledge sharing by maintaining information systems and disseminating best practices.
• Support organizational development by facilitating a framework for sharing lessons learned.
• Plan and implement capacity-building initiatives for personnel, clients, and stakeholders.
• Provide comprehensive training on organizational processes, rules, policies, and systems.
• Foster a positive, inclusive work environment.

Experience Requirements

• Relevant experience is work in Finance, Banking, Treasury or related areas.
• Experience using a Treasury Management Systems.
• Experience in leading a team is desirable.
• Experience of working in multicultural environments or UN system organizations in a developing country is desired.
• Experience with treasury in fragile contexts and developing/frontier markets desired.
• Exposure and experience working with other treasury technology (e.g., trading platforms, payment connections, single and multi-bank platforms) and implementation experience is desired.
• Specific experience in Middle Office/Back Office operations is desired.
• Knowledge of financial instruments (Fixed Income, Money Markets, and options) transaction processing is desired.
• Experience using SWIFT is desired.

Qualification Requirements

• Required Bachelor’s degree (or equivalent) in Finance, Accounting, Business Administration, Banking, Economics or related fields with 7 years of relevant experience OR Master’s degree (or equivalent) in any of the above or related fields with 5 years of relevant experience is required.
• A globally or nationally recognized professional certificate in Treasury is desired.

Other Details

Languages Required: English Fluent

Languages Preferred: Spanish Basic French Basic Arabic Basic

Contract Duration: Ongoing, subject to organizational requirements, availability of funds and satisfactory performance

Work Modality:

Remuneration: