[rif. f78215418] Treasury Analyst (Resource Modelling, Asset and Liability Management (ALM) and Private Sector) TRE - - Roma

international fund for agricultural development ifad

Organizational Setting

The International Fund for Agricultural Development (IFAD) is an international financial institution and a specialized United Nations agency dedicated to eradicating rural poverty and hunger. It does so by investing in rural people. IFAD finances programmes and projects that increase agricultural productivity and raise rural incomes, and advocates at the local, national and international level for policies that contribute to rural transformation.

FOD ensures that these resources are efficiently, economically and effectively used to achieve IFAD's objectives in the long-term and deliver on its development commitments. FOD is led by an Associate Vice President and is comprised of three (3) divisions: the Treasury Services Division (TRE), the Financial Controller's Division (FCD) and the Procurement and Financial Management Division (PFM).

TRE serves IFAD Senior Management as an advisor on strategic decisions on financial matters.

TRE is led by a Director & Treasurer and is comprised of four (4) teams: Cash Management and Back Office (CM), Investment Management (IM), Financial Planning, ALM and Middle-Office (FPM), and Funding and Treasury Solutions (FUN). Position specific: within TRE, the FPM team conducts short and long-term financial projections to assess IFAD's financial sustainability of its programme of loans and grants, establishes liquidity policies and guidelines, and reports on available resources for commitment to IFAD's operations.

FPM delivers periodic reports to management, the Audit Committee, and the Executive Board on all areas of its activity.

The Treasury Analyst - Resource Modelling, ALM and Private Sector works under the overall strategic, policy and management guidance of the Director and Treasurer, TRE, and the direct supervision of the Senior Treasury Officer FPM.

Job Role

Treasury Analysts typically work with a higher level Finance Specialist in monitoring financial performance and preparing and evaluating financial reports. The incumbent may alternatively supervise a homogeneous portion of a financial operation which is predominantly process oriented.

Position specific: The Treasury Analyst is responsible for conducting in-depth financial analysis of IFAD's financial sustainability, monitor and analyze balance sheet risks, prepare periodic financial reports and dashboards on liquidity, ALM, and investments in compliance with IFAD's financial regulations and policies.

1. TREASURY BUSINESS PARTNER: The Treasury Analyst is a credible, trusted partner to the client offices served and the Department/Division/Unit assigned. Treasury Analysts support the Fund's finance strategy and plans as well as models a commitment to financial integrity by acting as a responsive and constructive service provider with a focus on results. They participate in the activities of the Investment Management team, providing execution and support functions in accordance with investment policies and guidelines. Their focus is on building their knowledge base of the Fund's governing structure, mandate, long-term business strategy, organizational dynamics and culture.
2. FINANCIAL MANAGEMENT: The incumbent is establishing expertise in the UN's financial principles, policies, regulations, rules, and procedures. They are assigned a portion of a financial operation, such as Payroll for headquarters staff and processing transactions where concurrent stages of processing are required. Representative activities include:

• Reviewing, approving, reconciling and processing a range of accounting transactions on a regular and recurring basis;
• Reviewing, analysing and projecting programme financial implications in light of additional mandates or other programme changes;
• Analyzing and evaluating financial reports produced on a regular basis, explaining variances and producing reports and correspondence as required;
• Ensuring the timely and correct entry into the General Ledger of all input in accordance with corporate accounting practices, approving and posting all payable, receivable and correction journals;
• Monitoring financial performance, allotments and expenditures to ensure that they remain within authorized parameters and resolving emergent financial issues;
• Managing non-complex loans and grants portfolio(s) including in the review of Project design documents in relation to financial management (e.g. flow of funds, procurement, financial reporting and audit) as well as in relation to the disbursement of funds; and
• Analyzing, recommending and trading individual securities for different fixed income sectors and markets for internal investment portfolios of IFAD and related entities, in accordance with well-established policies and investment guidelines and also analyzing and proposing well-thought through changes to these.

1. AGENT OF CHANGE: The Treasury Analysts maintain an awareness of the principles of change management and proactively serves as a role model for transformation and capacity for acceptance of change. They use a knowledge of results based management and budgeting, enterprise resource planning (ERP) and other information technology to analyze and promote acceptance of new methods of work and automated work flows. At this level the Treasury Analyst manages change through consultations with finance colleagues and outreach to other relevant IFAD divisions to ensure open and regular communications pertaining to current and planned changes in the Fund's financial administration.
2. MANAGERIAL FUNCTIONS: Is accountable for integrity, transparency, in the personal use of assigned IFAD resources, including equipment, supplies and, as applicable, staff supervised.

Position specific:

1. FINANCIAL PLANNING MODELLING: FPM is responsible for liquidity planning, ALM risks monitoring, investment portfolios reporting, managing and administering financial models, ALM models and treasury systems and for the development of related financial policies and frameworks. Through financial models, Finance Specialists in FPM build simulations on a range of scenarios reflecting IFAD's current and future resources and financial positions, analyse results and identify key inputs for information on resource mobilization priorities/ opportunities, and the Fund's financial sustainability. They administer Treasury systems, provide investment portfolio analytics and reporting liaising with external counterparts. They implement ALM methodologies, policies and models. They produce reporting periodically on all output of the functions above for TRE and FOD management, Risk Management and internal committees.

The Treasury Analyst - Resource Modelling, ALM, and Private Sector will play a pivotal role in developing innovative financial strategies to enhance the efficient use of IFAD's resources. Leveraging their expertise in financial modelling and ALM, the Analyst will provide critical support for the design and implementation of these strategies.

Furthermore, the Treasury Analyst will integrate capital adequacy strategies into a comprehensive hybrid funding model while safeguarding IFAD's credit ratings.

Core functions for this position include but are not limited to:

1. Administering and Maintaining IFAD's Financial and ALM Models

• Oversee the regular operation and functionality of IFAD's financial and ALM models, ensuring they remain robust and fit for purpose.
• Support periodic updates to model structures to incorporate new financial strategies, regulatory changes, and market conditions.
• Document model methodologies, assumptions, and processes to maintain transparency and facilitate audits.

1. Managing Data Extraction, Cleaning, and Standardization

• Source relevant financial and operational data from multiple sources, ensuring timeliness and accuracy.
• Standardize data formats and structures to facilitate seamless integration into financial models.
• Conduct thorough data cleaning and validation to eliminate inconsistencies and ensure high-quality inputs.

1. Ensuring Quality Controls for Financial Models

• Establish and maintain quality control procedures to verify the accuracy and reliability of model outputs
• Conduct regular stress testing and what-if scenario analysis to validate model performance under varying conditions.
• Identify and mitigate potential risks or errors in modelling processes through continuous monitoring and improvement.

1. Preparing Inputs and Assumptions for the Models

• Coordinate with internal stakeholders to gather the necessary inputs, ensuring they align with strategic objectives and current policies.
• Collect and document key assumptions from relevant parties, ensuring they are consistently applied across scenarios.

1. Maintaining and Updating Liquidity Policy, ALM Policy, and Related Guidelines

• Assist in the periodic review and revision of IFAD's liquidity and ALM policies to address emerging risks and opportunities.
• Monitor compliance with existing policies and identify areas for enhancement or alignment with global best practices.

1. Integrating Capital Adequacy Strategies into a Comprehensive Hybrid Funding Model

Contribute to the design and implementation of a hybrid funding model that balances concessional and private-sector funding sources.

Incorporate credit rating considerations into funding model scenarios, safeguarding IFAD's financial reputation and operational capacity.

1. Support the Treasury Office in Middle-Office

• Support the day-to-day activities of middle-office activities specifically those related to Treasury system administration.
• Support risk and compliance monitoring in Treasury systems.
• Serve as the key point of coordination between the Modelling, ALM, and Middle-Office units to ensure data consistency across all reports.

Key Performance Indicators

Financial Analysts analyze specialized transactions and recommends actions to be taken and/or exceptions to be made in the application of financial regulations, rules and procedures. The incumber has access to advice and on-the-job training from specialists in the individual finance occupations in the resolution of on-going non-routine work.

Position specific:

• Deliver multi-scenario financial projections on a periodic basis.
• Ensure accuracy and completeness of cash flow model's input and assumptions.
• Support the development of stress-testing and sensitivity analyses for liquidity and financial sustainability.
• Collect data from private sector operations and provide related reporting.
• Monitor and report on liquidity, interest rate, and FX risks including compliance with ALM policies.
• Reconcile investment portfolio positions with custodian's records.
• Analyze performance and risk metrics for externally and internally managed portfolios, ensuring alignment with IFAD's investment policy statement and guidelines.

Working Relationships

External contacts are predominantly with banks, institutions or suppliers/vendors, Borrowers and Cooperating institutions, etc. and are for the purpose of exchanging information and making commitments within predetermined parameters.

Position specific:

The Treasury Analyst will work closely with colleagues within other Treasury units and within the Financial Operations Department, particularly the Financial Controller's Division (FCD) and the Procurement and Financial Management Division (PFM) to assess all operational and accounting implications of Treasury's financial and investment reporting, as well as with the Risk Management Office (RMO) to support the development of financial policies related to liquidity, ALM and private sector.

Job Profile Requirements

• Building relationships and partnerships - Builds and maintains effective working relationships
• Communicating and negotiating - Communicates effectively; creates understanding between self and others
• Demonstrating leadership - Personal leadership and attitude to change
• Focusing on clients - Focuses on clients
• Learning, sharing knowledge and innovating - Continuously seeks to learn, shares knowledge & innovate
• Managing performance and developing staff
• Managing time, resources and information - Manages own time, information and resources effectively
• Problem-solving and decision-making - Demonstrates sound problem-solving and decision-making ability
• Strategic thinking and organizational development - Personal influence
• Team working - Contributes effectively to the team

Education:

• Level - Advanced university degree from an accredited institution in a technically relevant area. Degree must be an accredited institution listed on https://www.whed.net/home.php .The advanced university degree may be substituted by a first university degree and at least four (4) additional years of relevant professional experience over and above the minimum number of years of experience
• Areas - economics, finance or other job related field.

Certifications:

• Professional qualifications, such as Chartered Financial Analyst (CFA), Certificate in Investment Performance Measurement (CIPM), Certified Treasury Professional (CTP), International Capital Markets Association (ICMA) are an advantage
• Work experience:
• At least two (2) years of professional experience in financial forecasts, ALM modelling, middle-office functions and treasury systems in a multi-cultural organization, supranational, international financial institution, multilateral development bank, bilateral development bank, central bank, official institution or national organization providing support on a global scale;
• Position-specific experience:

o Proven knowledge of financial concepts, credit analysis, risk management and financial modelling

o Working knowledge of Bloomberg Professional platform and of Bloomberg AIM and PORT Enterprise software for investment portfolio compliance monitoring and reportin

o Familiarity with ALM and private sector operations.

Languages:

• Required: English (4 - Excellent)
• Desirable: French, Spanish, or Arabic (3 -P Good)

Skills:

• Capital market instruments, Knowledge of capital markets instruments (fixed income, derivatives, loans), risk and performance metrics and quantitative tools of fixed income valuation (cash flow, present value, interest rate risk, duration, etc.); 3
• Financial data integrity and financial systems, know-how in systems interface control, core banking system management, data mining and analytics; 3
• Disbursements, Payroll and Payments, Know-how in financial checks required for disbursements of loans and grants, payments and payroll transactions to reduce risk of error, fraud and non-compliance with rules, maintenance of clean vendor master files, arrears and debt management of loans; 3
• Liquidity management, Know-how in liquidity planning, liquidity investment, investment portfolio management and reporting; 3

• Financial reporting & accounting, Know-how in financial reporting, statutory and other reporting as well as advanced application of IFRS standards, derivatives, loan credit risk, financial regulations, policies, rules and procedures applicable to IFAD and IFIs; 2
• Procedure adherence & interpretation, Ability to strictly adhere to established, formal guidelines, including in new situations and to interpret established, formal guidelines to address and recommend solutions or further actions required; 3
• Risk & compliance, Know-how in asset liability management, risk reporting, capital adequacy, quality assurance and compliance (e.g. Anti-money laundering (AML), Know your customer (KYC) processes), etc.; 3Basic ICT & digital fluency, High level of digital literacy and ability to quickly get familiar with new digital tools (e.g. ability to carry out EPR data entry and extraction when budgeting; monitoring security systems, uploading content to inter/intra-net websites, etc.); 3

Other Information

All International Professional staff members are required to be geographically mobile and positions in the professional category are subject to changes in location at any time in line with strategic priorities and reform initiatives in IFAD.

IFAD is an Equal Opportunity Employer and does not discriminate based on ethnic, social, or political background, colour, nationality, religion, age, gender, disability, marital status, family size, or sexual orientation. This is in line with our Diversity, Equity and Inclusion (DEI) Strategy and our Policy to prevent and respond to sexual harassment, sexual exploitation and abuse.

Please be aware of fraudulent job offers. IFAD does not charge any fees at any stage of the recruitment process. Official communication from IFAD will always come from e-mails ending in @ifad.org.

Applicants are invited to use the ICSC compensation calculator to estimate the salary and benefit entitlements.

Candidates may be required to take a written test and to deliver a presentation as well as participate in interviews.

In the interest of making most cost-effective use of funds and resources, we are only able to respond to applicants who are short-listed for interview. Candidates who do not receive any feedback within three months should consider their application unsuccessful.

• Application and Interview Preparation: Whether you're preparing your application documents or getting ready for an interview, you can book a Job Application Support session to receive tailored guidance.
• For Swiss nationals invited to the first round of the selection process (e.g., written test, interview, assessment center): Notify us at recruitment@cinfo.ch, and we will inform our HR partners in the respective organization and the Swiss Government to help increase your visibility.

To ensure your application reaches the right destination, always follow the official application process as indicated in the job posting."

Percentuale di occupazione: Full-time

Tipo di occupazione: