Job Vacancies at the OPEC Fund for International Development

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:

• 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.

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Job Profile

• The Learning & Development Analyst administers and coordinates a range of learning and development activities, in line with the existing HR strategy and policies, to enhance the skills and competencies of the OPEC Fund employees to meet their business requirements. 
• This position is crucial to the delivery of quality learning opportunities for employees at all levels.

Duties and Responsibilities
Training Needs Analysis:

• Conducts organization-wide training needs analysis and identifies skills or knowledge gaps that need to be addressed.
• Maps out annual training plans for departments/units.
• Establishes a yearly training calendar with a mix of in-house, external and online training opportunities.  
• Creates an Individual Development Plan for selected employees, as needed.

Learning & Development Program Delivery:

• Maps out training plans and schedules and assists in developing training programs for training & development programs.
• Liaises with external training providers to obtain and finalize training offers.
• Coordinates leadership training for the senior management.
• Implements innovative talent development strategies and effective learning programs across the organization.
• Uses best practice education principles and stays up-to-date on new training methods and techniques.
• Assesses training effectiveness and determines the impact of training on employee skills and L&D related KPIs.
• Maintains an updated curriculum database and training records of training providers and vendors.
• Manages the online/eLearning platform to enable employees to conduct customized online training.

Stakeholder Management and Engagement:

• Gathers feedback from trainers and trainees after each educational session.
• Markets available training opportunities to employees and provides necessary information.
• Ensures effective communication networks are established and maintained with key stakeholders, both internally and externally.
• Partners with internal stakeholders and liaises with experts regarding instructional design.

Training Facilitation:

• Hosts train-the-trainer sessions for internal subject matter experts.
• Researches and recommends new training methods.
• Manages and maintains in-house training facilities and equipment.
• Ensures that Back-To-Office Reports are provided by all employees after external missions /trainings.
• Organizes forums to enable recent trainees to deliver presentations on the training they attended.
• Follows up with trainees to ensure that the knowledge acquired through training programs is being utilized at work.

Employee Engagement:

• Conducts employee engagement activities such as the annual service award, administration of the excellence award and other activities, as needed.
• Showcases employee learning achievements on the Intranet.

Organizational Health Index (OHI):

• Runs a biennial survey (once every two years) to assess the OHI of the OPEC Fund.

Competency Framework:

• Assists the Head, HR Policies & Development in the development of a competency framework and skill bank for the organization.
• Carries out other tasks assigned by the HR Director and Head, HR Policies & Development.

Qualifications and Experience

• A Bachelor's Degree in Business Administration / Human Resource Management or respective studies is required. A trainer/eLearning certificate would be an added advantage.
• Minimum of 5 years relevant professional experience is required. Experience from an international development institution is preferable (2 – 3 years).
• Fluent in English. A good working knowledge of Arabic, German, Spanish, or French is an added advantage.

Competencies:

• Excellent report writing skills.
• Experience in the preparation and delivery of presentations to stakeholders at various organizational levels.
• Ability to collaborate cross-functionally across the entire organization.
• Demonstrable skills in cultivating and maintaining relationships across jobs, industries, personality types as well as with internal and external stakeholders such as training providers.
• Ability to work in an international environment, with sensitivity and respect for diverse cultural backgrounds.