Career Opportunities at OPEC Fund for International Development

Career Opportunities at OPEC Fund for International Development: 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 recruiting to fill the positions below:

Job Title: Senior Credit Risk Officer

Location: Austria

Job Profile

  • The Senior Credit Officer – Debt Recovery manages non-sovereign non-performing loans that have been transferred to the Risk Management Department from the Private Sector Department, develops and executes remedial actions, workout strategies and restructuring with input from General Counsel & Legal Services Department, all in accordance with the institutional risk framework in order to protect OPEC Fund’s assets and maximize recovery.

Duties and Responsibilities
Risk management and analysis

Debt Recovery:

  • Review loan non-performance issues, recommend remedial actions, formulate and analyze various workout options, including financial projections and net present value analysis to maximize recovery value.
  • Prepare the workout strategy for review and approval by the Risk Management Committee (RMC).
  • Implement the approved workout strategy, including negotiations with borrowers and other interested parties, and execute restructuring or liquidation actions.
  • Monitor all nonperforming loans under management in line with established guidelines.
  • Prepare and submit monthly non-performing loan reports and recommendations on loss provisions to the RMC for approval.
  • Enhance, implement and maintain risk management policies, procedures and guidelines related to identification, measurement, risk mitigation and reporting of nonperforming loans and provisioning.

Credit Appraisal and Monitoring:

  • Ensure OPEC Fund credit policies, procedures and guidelines are applied to new transactions and existing portfolio. Implement OPEC Fund’s risk appetite set by senior management, 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 both 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 at concept and final review stage and waiver approvals, ensuring full disclosure and understanding of risks during the approval and monitoring process.
  • Review and provide independent credit opinions on annual monitoring reports of existing transactions, assess and determine updated risk ratings.
  • Provide credit decisions on waivers, amendments and consent requests for key transaction terms and conditions, covenants, and any other transaction undertakings.
  • 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 watchlists. Assist in portfolio monitoring and monitoring compliance of exposure limits, diversification/concentration limits, portfolio weighted risk ratings and risk-adjusted return on capital (RAROC).

Reporting:

  • Prepare and submit the monthly Nonperforming Loan Report to the RMC.
  • Maintain updated Credit Watch lists and submit to RMC quarterly.
  • Contribute to the quarterly risk management report, develop risk policies, and administer Credit Committee meetings.
  • 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.
  • Carry out other tasks assigned by the Director, Credit Risk.

Qualifications and Experience

  • Master’s Degree in Accounting / Finance / Business / Economics or equivalent professional qualification.
  • A minimum of 15 years of credit risk and/or banking experience, with a demonstrated track record, substantial knowledge and expertise in all aspects of credit risk management, experience in debt recovery and knowledge of project finance and financial institutions.
  • Preferably, 10-12 years of experience with global or regional banks, fund managers, or multilateral/ bilateral development financial institutions.
  • Fluent in English. Good working knowledge of French and/or Spanish is a plus.

Competencies:

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  • Extensive knowledge in credit risk management areas, including assessment of individual loans, guarantees, and equity investments in the context of credit approval and monitoring process, monitoring of portfolio risks, and management of impaired transactions.
  • Established analytical skills in the credit risks and high initiative and deep sensitivity in strategic views.
  • Ability to deal with sensitive information and maintain strict confidentiality.
  • Very good data analysis and evaluation skills.
  • Bright, reliable and self-motivated. Ability to take initiative and work independently, as well as work closely with fellow team members in a collaborative environment.
  • Demonstrated experience in assessing and advising on appropriate strategies to manage business and organizational performance regarding risk and effectively communicating the impact.
  • Ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

Method of Application
Interested and qualified candidates should:
Click here to apply online

 

 

 

 

Job Title: HR Director

Location: Austria

Job Profile

  • The incumbent is responsible for the development, implementation and execution of the OPEC Fund’s Human Resources strategy through defined programs, annual work plans and processes with the aim of contributing towards the institution’s strategic objectives.
  • The incumbent also ensures that human resources programs and initiatives are effective, efficient, and aligned to overall business objectives, in accordance with the departmental strategy and framework.
  • S/he manages three functions namely, Payroll, Compensation and Benefits, Talent Acquisition and HR Business Partnerships, and, HR Policies and Development.

Duties and Responsibilities
Functional Strategy Formation:

  • Defines the short, medium and long-term objectives of the HR Unit in line with the organization’s Strategic Plan, and formulates the strategies to achieve these objectives to support the institution in reaching its strategic objectives, including the development of workforce planning strategies that deal with immediate and future human capacity requirements and planning policies.
  • The incumbent also participates in the development of the Corporate Services Department strategy.

Guidance and Advice:

  • Provides advice to (senior) management on the development of the strategy and plans based on reports and analyses from an HR perspective.

Organizational Structure:

  • Updates and recommends changes in the institution’s structure, as needed, to reflect its needs and workload through a workforce planning exercise.

Organizational Capability Building:

  • Contributes to the institutional strengthening and capacity building of the OPEC Fund by developing and improving the institution’s management and institutional processes and procedures, and participates in the committees relevant to these matters.

Policies and Procedures Development and Implementation:

  • Coordinates and performs the implementation of all strategic human resource related processes, i.e. talent acquisition, onboarding, learning & development, performance management, career management, and employee off-boarding, amongst others.
  • Analyzes present and expected future human resources capacity needs, succession planning, and ensures the execution of recruitment and selection of employees for key positions.
  • Coordinates the maintenance of policies and procedures concerning the institutional, management and human resource processes, as well as related research and studies.
  • Coordinates and performs facilitation and assistance programs to the Heads of Departments/Units/Functions concerning the organizational, management and human resource processes.
  • Initiates activities pertaining to employee engagement and work/life programs.
  • Performs employee facilitation programs, including personal counseling for job related problems.

Data Analysis and Reporting:

  • Maintains up-to-date information on competitive compensation practices and trends worldwide; and the monitoring of cost of living and market conditions, which affect the attainment of the OPEC Fund’s objectives in attracting and retaining high quality employees.
  • Ensures that all related HR data is well and continually analyzed; prepares regular and ad-hoc reports, as necessary.

People Management:

  • Provides strategic and hands-on leadership to various Professionals across the HR Unit and ensures high staff engagement and performance.
  • As a permanent member of the ad-hoc recruitment committee, conducts interviews with job applicants; executes the hiring administration for the selected candidates.
  • Leads the HR Unit by inspiring and motivating the team to maintain the highest level of engagement with the institution.
  • Carries out other tasks assigned by the Senior Director, Corporate Services Department.

Qualifications and Experience

  • A Master’s Degree in Business Administration / Human Resource Management or related studies.
  • 15 years relevant professional experience (institutional, management and Human Resource processes), with at least 7 years at a senior level.
  • Experience from an international development institution is preferable (at least 5 years).
  • Fluent in English. A good working knowledge of Arabic, German, Spanish, or French is an added advantage.

Competencies:

  • Demonstrates strong strategic and planning abilities.
  • Well-versed in applying analytical and problem-solving skills to complex situations.
  • Excellent communication skills that result in long-term and deep relationships with stakeholders creating trust and forming a positive long-term image/impression.
  • Able to work in an international multi-cultural environment, resolving conflicts with sensitivity and respect for diversity.
  • Able to ensure that team performance is in line with the vision and mission of the institution.
  • Conscientious and efficient in meeting commitments, observing deadlines and achieving results.
  • Creates team commitment and drives people’s inspiration.

Method of Application
Interested and qualified candidates should:
Click here to apply online

 

 

 

Job Title: Investment Analyst in Portfolio Management

Location: Austria

Job Profile

  • The incumbent supports the Portfolio Management Unit in analysing and monitoring PSTFOD operations and in reviewing relevant operations matters in accordance with OPEC Fund processes and procedures in order to enable decision-making based on reliable, valid, timely and complete information.

Duties and Responsibilities
Financial modelling, reporting & analysis:

  • Work as a team member on operations providing support to all aspects including spread and analyzing financial data (financial statements, financial models and financial projections);
  • Reviewing, analyzing and assessing reports from external parties (e.g. compliance information, advisor and consultants reports, financial reports etc.) to ensure compliance and report any deviation or identified risks to relevant Investment Managers; and,
  • Preparation of Credit Rating Score Cards.

Support to Investment Managers:

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  • Participate in the preparation of annual/quarterly credit monitoring reports
  • Prepare draft memos and other documentation for internal processes;
  • Support Investment Managers in their communication with the Legal Department, Credit Risk Unit, Loan Management Unit, clients and other stakeholders throughout the project cycle (from document negotiation to full repayment); and,
  • In coordination with the Investment Managers ensure data accuracy of PSTFOD operations in the OPEC Fund IT systems.

Documentation and back-up:

  • Review and register withdrawal applications / drawdown requests in the Management Information System (MIS) for onward forwarding for clearance.
  • Enter project and compliance reports in MIS;
  • Maintain project filing in the Electronic Documents Management System (EDMS);
  • Carries out other tasks related to the job function assigned by the Director, Portfolio Management; and,
  • Carry out duties that may be assigned by the Unit.

Qualifications and Experience

  • Bachelor’s Degree in Economics, Commerce or Finance or other relevant disciplines;
  • Minimum of three years or relevant professional experience in portfolio management at a development finance or a banking institution.
  • Fluent in English. A good working knowledge of Arabic, German, Spanish, or French is an added advantage.

Competencies:

  • Experienced in preparing or reviewing financial model and conducting financial analysis of financial institutions, corporates or project finance transactions.
  • Ability to distill large amounts of information from various resources.
  • Possesses strong analytical thinking, good planning and organizational skills.
  • Strong written and oral communication and presentation skills, with an ability to convey information succinctly and diplomatically.
  • Good attention to detail and ability to prioritize as well as multitask effectively.
  • Skilled in Microsoft Office applications such as Word, Excel and Power Point as well as able to utilize graphics and tables to effectively and creatively present data.
  • Proven self-starter with strong initiative, enthusiasm for innovation, business development.
  • Conscientious and efficient in meeting commitments, observing deadlines and achieving results.
  • Works collaboratively with colleagues to achieve organizational goals.
  • Ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Note

  • This position is subject to Local recruitment.
  • Candidates with valid Residency and authorized permit to work in Vienna are also eligible to apply.

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