Finance Officer (Treasury and Risk Management)

Job Description - Finance Officer (Treasury and Risk Management) (2403015)

Finance Officer (Treasury and Risk Management) - (2403015)

Grade: P4

Contractual Arrangement: Fixed-term appointment

Contract Duration (Years, Months, Days): 2 years

: May 31, 2024, 1:17:36 PM

: Jun 16, 2024, 9:59:00 PM

: Switzerland-Geneva

: HQ/FNM Finance BOS

: Full-time

IMPORTANT NOTICE: Please note that the deadline for receipt of applications indicated above reflects your personal device's system settings.

This is a re-advertisement and candidates applied previously do not need to apply again.

OBJECTIVES OF THE PROGRAMME

Treasury is responsible for: The management of WHO investments (currently US$ 6.0 billion); Foreign currency risk management including foreign exchange risk hedging for the WHO budget (currently US$ 500 million per annum) and for the non US$ receivables (currently US$ 400 million monthly); Foreign currency purchases for country office fundings (currently US$600 m per annum in 45 currencies); Management of WHO liquidity and bank balances; Management of banking operations worldwide, including payment policies, e-banking systems and procedures, overall responsibility for contractual arrangements, banking costs and relationships with banks, and administration of bank accounts and signatories; HQ meeting payment administration.

DESCRIPTION OF DUTIES

• Place short term investments (currently c. $1.0 billion of bank term deposits) in accordance with the Investment Policy and agreed credit limits, including negotiating terms of such investments.
• Track investments and maturities, ensuring settlement details and interest are agreed with counterparties.
• Calculate foreign currency exposures and transact foreign currency hedging instruments for the currency risk management programme for the WHO budget (currently US$ 500 million per annum) and monthly for the non-US$ receivables (currently US$ 700 million).
• Manage short term daily global liquidity, monitor and minimize global bank account balances.
• Manage the forecast of short term cashflow and derive the cash flow information from the Enterprise Resource Planning (ERP) system.
• Transact foreign currencies to meet the liquidity needs of offices worldwide, including exotic foreign currency purchases for country office fundings (currently US$ 600m per annum in 45 currencies);
• Provide support and guidance on payment systems to the Global Service Centre and to the regional Budget and Finance Offices on improving the efficiency and cost of global payment systems and facilitate the switch to e-banking and mobile payments.
• Perform other duties as required.

REQUIRED QUALIFICATIONS

Education

Essential:

• A first level university degree in financial management or a related field, supplemented with a formal qualification in Treasury, Cash Management or Banking, with designation letters such as CFA, MCT, FCT, CTP.
• Professional chartered or certified accounting qualification from an internationally recognized institute with designation letters such as CPA, FCA, ACA, CA, ACCA, FCCA, CMA, FCMA, CGMA, CPFA, FCPFA

Experience

Essential:

• A minimum of 7 years of international finance management experience, of which at least three years of treasury / cash management experience in a corporate treasury function.
• ERP Treasury / Cash management experience, preferably in Workday and Coupa.
• At least 3 years of experience in treasury dealing, spot FX (foreign exchange transactions) and deposit placement.
• Experience in currency foreign exchange markets and electronic FX dealing platforms such as FXall and 360T.
• Experience in electronic banking systems, including interfaces to mainframe ERP accounting systems.
• Experience in other Microsoft Office software, including Word and PowerPoint.
• Demonstrated experience at the international level.

Desirable:

• Experience in the use of a Treasury Management System (TMS), preferably Coupa.
• Experience in accounting in a multi-site, multi-currency ERP environment in Treasury, Accounts Payable, Accounts Receivable or General Ledger.

Skills

Essential

• Knowledge / experience of an ERP Cash Management module.
• Use of electronic banking systems.
• Knowledge of short-term bank deposit instruments.
• Advanced Excel proficiency, including data manipulation and pivot table analysis, etc.

Desirable

• Knowledge of more complex short term investment products would be an advantage.

WHO Competencies

• Teamwork
• Respecting and promoting individual and cultural differences
• Communication
• Knowing and managing yourself
• Producing results

Use of Language Skills

Essential:

• Expert knowledge of English.

Desirable:

• Intermediate knowledge of French.

REMUNERATION

WHO salaries for staff in the Professional category are calculated in US dollars. The remuneration for the above position comprises an annual base salary starting at USD 77,326 (subject to mandatory deductions for pension contributions and health insurance, as applicable), a variable post adjustment, which reflects the cost of living in a particular duty station, and currently amounts to USD 5883 per month for the duty station indicated above. Other benefits include 30 days of annual leave, allowances for dependent family members, home leave, and an education grant for dependent children.

ADDITIONAL INFORMATION

• This vacancy notice may be used to fill other similar positions at the same grade level.
• Only candidates under serious consideration will be contacted.
• A written test and/or an asynchronous video assessment may be used as a form of screening.
• In the event that your candidature is retained for an interview, you will be required to provide, in advance, a scanned copy of the degree(s)/diploma(s)/certificate(s) required for this position. WHO only considers higher educational qualifications obtained from an institution accredited/recognized in the World Higher Education Database (WHED), a list updated by the International Association of Universities (IAU)/United Nations Educational, Scientific and Cultural Organization (UNESCO). The list can be accessed through the link: http://www.whed.net/. Some professional certificates may not appear in the WHED and will require individual review.
• According to article 101, paragraph 3, of the Charter of the United Nations, the paramount consideration in the employment of the staff is the necessity of securing the highest standards of efficiency, competence, and integrity. Due regard will be paid to the importance of recruiting the staff on as wide a geographical basis as possible.
• Any appointment/extension of appointment is subject to WHO Staff Regulations, Staff Rules and Manual.
• Staff members in other duty stations are encouraged to apply.
• The WHO is committed to creating a diverse and inclusive environment of mutual respect. The WHO recruits and employs staff regardless of disability status, sex, gender identity, sexual orientation, language, race, marital status, religious, cultural, ethnic and socio-economic backgrounds, or any other personal characteristics.
• Persons with disabilities can request reasonable accommodations to enable participation in the recruitment process. Requests for reasonable accommodation should be sent through an email to reasonableaccommodation@who.int
• An impeccable record for integrity and professional ethical standards is essential. WHO prides itself on a workforce that adheres to the highest ethical and professional standards and that is committed to put the WHO Values Charter into practice.
• WHO has zero tolerance towards sexual exploitation and abuse (SEA), sexual harassment and other types of abusive conduct (i.e., discrimination, abuse of authority and harassment). All members of the WHO workforce have a role to play in promoting a safe and respectful workplace and should report to WHO any actual or suspected cases of SEA, sexual harassment and other types of abusive conduct. To ensure that individuals with a substantiated history of SEA, sexual harassment or other types of abusive conduct are not hired by the Organization, WHO will conduct a background verification of final candidates.
• Mobility is a condition of international professional employment with WHO and an underlying premise of the international civil service. Candidates appointed to an international post with WHO are subject to mobility and may be assigned to any activity or duty station of the Organization throughout the world.
• WHO also offers wide range of benefits to staff, including parental leave and attractive flexible work arrangements to help promote a healthy work-life balance and to allow all staff members to express and develop their talents fully.
• The statutory retirement age for staff appointments is 65 years. For external applicants, only those who are expected to complete the term of appointment will normally be considered.
• Please note that WHO's contracts are conditional on members of the workforce confirming that they are vaccinated as required by WHO before undertaking a WHO assignment, except where a medical condition does not allow such vaccination, as certified by the WHO Staff Health and Wellbeing Services (SHW). The successful candidate will be asked to provide relevant evidence related to this condition. A copy of the updated vaccination card must be shared with WHO medical service in the medical clearance process. Please note that certain countries require proof of specific vaccinations for entry or exit. For example, official proof /certification of yellow fever vaccination is required to enter many countries. Country-specific vaccine recommendations can be found on the WHO international travel and Staff Health and Wellbeing website. For vaccination-related queries please directly contact SHW directly at shws@who.int.
• WHO has a smoke-free environment and does not recruit smokers or users of any form of tobacco.
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