Job Vacancies at the OPEC Fund for International Development

Location: Austria

Job Profile

• The Country Manager contributes to implementing the Mandate of the OPEC Fund in assigned partner countries, i.e. development finance operations/activities in these countries, as well as managing the relationships with development partner institutions.
• The Country Manager, under the supervision of the Regional Director, is responsible for identifying options for the optimum deployment of the resources in the partner countries in accordance with OPEC Fund strategic Framework, Business Plan and Country Operations Strategies. The position reports to the Regional Director. The position has no structural supervisory function/s.

Duties and Responsibilities

• Contributes to development of short-medium and long-term objectives for the assigned countries, in line with the Strategic Framework, Corporate Objectives and Business Plan
• Identifies new cooperation opportunities for public sector financing in assigned countries, including systematic liaison with peers in partner institutions; develops a project pipeline in line with the country operations strategy
• Contributes to the Region and Department main deliverables, including project proposals, development of Department Policy Papers and facilitation of project/loan agreements.
• Responsible for the financing project life cycle in assigned partner countries, from identification, evaluation, approval, signing loan agreement, to implementation and completion
• Responsible for coordinating the development and management of OPEC Fund sovereign loans and operations in assigned complex partner countries
• Conducts on a regular basis portfolio assessments for assigned countries
• Assesses the situation of partner countries under specific circumstances (i.e. post-conflict, economic recession, debt sustainability framework) and evaluates solutions for OPEC Fund assistance, in coordination with major donors
• Reviews draft loan agreements and coordinates prompt fulfillment of legal requirements for approved projects Undertakes project evaluations, including appraisals, mid-term reviews and project completion reviews, in accordance with the defined project scope and OPEC Fund established methodology
• Reviews and monitors, in coordination with the Finance Department, timely processing of loan disbursement requests, loan servicing and repayment process, in accordance with OPEC Fund procedures
• Prepares project impact assessment and completion reports
• Prepares project proposals, operational documents, as well as all internal and external correspondence, ensuring timelines, quality as well as consistency with OPEC Fund guidelines, procedures and applicable legal documents.
• Prepares recommendations for project implementation, monitoring and evaluation related matters (including procurement and loan disbursement in line with applicable procedures).
• Reports to the Regional Director on issues of relevance for OPEC Fund cooperation with assigned countries
• Carries out other tasks assigned by the Regional Director.

Qualifications and Experience

• Master’s Degree or equivalent in Economics/ Finance / Engineering or other relevant fields
• A minimum of five years of relevant professional experience
• Preferably 1-2 years of experience in an international development finance institution.

Competencies:

• Good knowledge of procurement procedures and processes
• Demonstrable project management knowledge and skills
• Good understanding of developmental project appraisal skills and knowledge
• Demonstrable experience in socio-economic evaluation and impact analyses
• Fluent in English. A good working knowledge of other major languages is an added advantage
• Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

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Location: Austria

Job Profile

• The Lead Compliance Officer reports to and assists the Senior Director, General Counsel in identifying, prioritizing, and assigning accountability for managing potential threats related to regulatory or policy non-compliance- or ethical misconduct- that could lead to fines or penalties, reputational damage,.
• The position monitors and ensures compliance with internal rules and regulations at all levels in accordance with relevant institutional frameworks, in order to foster an ethical culture and an environment of high integrity in the interactions amongst staff and stakeholders of the OPEC Fund.

Duties and Responsibilities

• Formulates an annual compliance program, which includes identifying areas for compliance review and creating awareness of the importance of compliance and the risks of violations
• Coordinates the OPEC Fund Compliance Function and manages compliance risk, which includes the risk of legal or regulatory sanctions, material financial loss or loss to reputation that the OPEC Fund may suffer as a result of its failure to comply with law, rules, regulations and standards
• Ensures institutional compliance with laws and regulations in every aspect, including governance, internal structure, decision-making processes, principles of procurement and principles of corporate social responsibility, access to information policy, sustainability reporting and adherence to internal instructions
• Ensures operational compliance in every aspect, including compliance with guidelines on Know Your Customer (KYC), Anti-Money Laundering, terrorist financing and tax evasion, as well as compliance in relation to the development of new products or business practices. This also covers assessing integrity risks related to projects financed by the OPEC Fund and to stakeholders that the OPEC Fund works with, including entities responsible for the implementation of projects financed by the OPEC Fund
• Monitors professional conduct compliance in every aspect and investigates violations relating to conflict of interest, insider trading and compliance with the Codes of Conduct established for the Board, Management and Staff
• Ensures compliance with regulatory regimes, particularly in respect of the borrowing program, including reporting requirements, relevant market regulations, and related administrative tasks to avoid liabilities
• Conducts periodic compliance review in accordance with an approved annual work plan and provides specialist guidance on the required action-plans for addressing significant deviations identified in the review, resolving complex or contentious queries and issues; and enabling others to take appropriate actions
• Liaises with peer institutions to regularly identify best practices that could inform the review and update of OPEC Fund internal and external integrity policies
• Works with external stakeholders (authorized officials of partner countries/institutions, law firms and other counterparties) and internal stakeholders (OPEC Fund departments/units) Carries out other tasks assigned by the Senior Director, General Counsel that are related to the job function.

Qualifications and Experience

• Master’s degree in Law and Admission to the Bar or equivalent
• Minimum 10 years of relevant professional experience, including five years at a senior level
• Preferably up to two years of experience at an international development finance institution/ international law firm.

Competencies:

• Ability to independently manage the Compliance Function, contribute to the development of the work program,  conduct compliance reviews and monitor the implementation of agreed action plans
• Ability to coordinate a complex range of activities with a view to achieving departmental objectives
• Fluent in English. A good working knowledge of other major languages is an added advantage
• Excellent interpersonal, leadership, teamwork and analytical skills, as well as 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.

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Location: Austria (AT)

Job Profile

• The Talent Acquisition Specialist manages the recruitment process and delivery of a major part of the institution’s attracting, sourcing, selecting and hiring of top talent activities, in line with the existing HR strategy and policies and the OPEC Fund objectives, to ensure that the OPEC Fund meets business requirements and is recognized as an Employer of Choice. The position has no structural supervisory function/s.

Duties and Responsibilities

• Leads analysis of business needs and labor market developments and coordinates with departments to identify staffing needs and selection criteria
• Identifies job descriptions and manages the interview process
• Uses standardized screening techniques, assesses the skills, qualifications and experience of potential candidates
• Provides feedback and advice to management about details regarding applications
• Works closely with management on all diversity initiatives involving recruitment to ensure fairness in hiring practices
• Focuses on Employer branding to ensure that the OPEC Fund is recognized as an Employer of Choice
• Ensures proper on-boarding for new hires and the necessary administrative work is completed promptly and accurately
• Uses various methods to recruit and network with potential candidates including social media platforms, networking events and job fairs
• Sources potential candidates through online channels (i.e., professional networks and social platforms)
• Forecasts quarterly and annual hiring needs by department
• Designs and maintains effective relationships with the Lead HR Business Partners and external search parties
• Fosters long-term relationships with past applicants and potential candidates screening calls, assessments and in-person interviews
• Coordinates with stakeholders to incorporate all metrics into all talent acquisition systems
• Carries out other tasks assigned by the Director, HRP&P Unit.

Qualifications and Experience

• Master's degree in Business Administration / Human Resource Management or other relevant fields
• A minimum of five years of relevant professional experience
• Preferably 2-3 years of experience in an international development institution.

Competencies:

• Good knowledge of Talent market intelligence and modern technology and methods of sourcing
• Demonstrable knowledge of and experience with the whole talent acquisition cycle and in talent assessment of knowledge, skills and abilities
• Demonstrable skills in cultivating and maintaining relationships across jobs, industries, personality types and with internal & external stakeholders such as search firms and other related vendors
• Demonstrable project management skill
• Fluent in English. A good working knowledge of other major languages is an added advantage
• Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

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Location: Austria

Job Profile

• This position is responsible for the management of a portfolio of the Private Sector and Trade Finance Department’s loans, equity investments and guarantees in developing countries.
• The annual workload includes execution and implementation of approved operations and continuous monitoring of the assigned portfolio in line with the related finance documents and the OPEC Fund’s policies and procedures.
• The job may require frequent travel. The position has no structural supervisory function/s.

Duties and Responsibilities

• Negotiates and closes new transactions with borrowers, shareholders, and co-lenders
• Manages relationships with existing borrowers and co-financiers in order to monitor project implementation in line with the provisions of signed agreements and approved procedures
• Processes withdrawal applications
• Reviews financial covenants, compliance certificates, external project reports, and financial reports of borrowers and prepares credit monitoring reports
• Reviews and processes waiver, amendment, consent, and rescheduling/restructuring requests
• Conducts monitoring missions and if required, participates in appraisal/due diligence missions
• Works closely with related departments throughout the project cycle
• Participates in departmental working groups and organizational taskforces as required
• Provides recommendations and suggestions to the Director, Portfolio Management for any improvement of the work efficiency and productivity
• Stays abreast of country, sectoral, market and product developments
• Represents the OPEC Fund at external conferences, meetings, symposia, and other external events in connection with project review & monitoring
• Carries out other tasks assigned by the Director, Portfolio Management.

Qualifications and Experience

• Master's Degree or equivalent in Accounting/ Commerce /Finance/ Economics or other relevant fields
• A minimum of five years of relevant professional experience
• Preferably 2-3 years of experience within the Private Sector division of a major international development finance institution; or a banking environment (including commercial or investment banking, fund management or a development bank); or a commercial/development environment of relevance to the OPEC Fund’s operations and job profile.

Competencies:

• Good knowledge of development project financing procedures and processes
• Demonstrable project management knowledge and skills
• Demonstrated financial credit analyses skills with regards to project and transaction financing
• Demonstrable experience in socio-economic evaluation and impact analyses
• Fluent in English. A good working knowledge of other major languages is an added advantage
• Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.