[ref. v13164221] Head of Treasury Middle Office and Control, Copenhagen, Denmark
Head of Treasury Middle Office and Control, Copenhagen, Denmark Organization: United Nations Office for Project Services (UNOPS) Country: Denmark City: Copenhagen Office: UNOPS HQ Copenhagen Background Information - Job-specific The Finance Group (FG) is a critical and strategic business function in UNOPS and serves as an authoritative and integrated partner in the organization on strategic financial planning and budgeting, business strategy and practices, financial analysis and risk assessment, financial management services and long term organisational treasury and investments.
As the steward of resources of a self-financing UN entity, FG is accountable for timely cost recovery and reporting to partners, maintaining the integrity and transparency of financial management of resources in accordance with the highest standards of ethics and organisational/international accountability framework and the accurate and transparent financial reporting to governing bodies, clients, partners and stakeholders.The Head of Treasury Middle Office and Control reports to the Treasurer. In alignment with the objectives of UNOPS Treasury, the role ensures that UNOPS Treasury adheres to its own policy and has adequate Treasury process control points, including system-based control oversight and a Risk and Control Framework.
The role holder will also be a specialist in financial risk management and complex financial instruments and will be expected to support Treasury teams on the identification and quantification of financial risks applicable to UNOPS and expected to manage risk limits including exceptions and changes, as well as their reflection in the relevant policy document.
The role holder will lead the middle office team, which includes resources focusing on 1) systems and solutions, 2) controlling, and 3) middle office. The role will also include review and compliance analysis of financial transaction valuation models developed by the wider Treasury team.
This is a new position as UNOPS looks to build out its treasury control framework and middle office function, and the position holder will be a key counterparty for the Head of Treasury Front Office and will be a key risk management expert providing support and advice to the Treasurer on ensuring appropriate levels of risk within the global treasury function.
Functional Responsibilities Summary of functions: Execution of Treasury Mandate (including reporting, monitoring, analysis and Treasury policy) Compliance & Control Financial Risks Analysis Team Leadership Knowledge management and innovation 1.
Execution of Treasury Mandate Ensure that the treasury activities are in line with the UNOPS Financial Rules and Regulations, UNOPS Treasury Policy by implementing an effective control framework Develop and deliver a reporting framework to inform the Treasurer and senior stakeholders on Treasury Policy adherence Maintain an interest and understanding on regulations and best practices to assess ÚNOPS Treasury Policies adequacy towards these and suggest updates when required; support with policy development and maintenance 2.
Compliance & Control Develop and implement a control framework including all Treasury activities (e.g., compare and match the records of internal information with external sources such as banks, counterparties), ensure available technology and systems are utilized in this framework to the possible extent Ensure Treasury teams act within defined roles and responsibilities by monitoring audit trails and access rights/authorizations.Develop, implement and maintain a RACI matrix to ensure accountability across all Treasury activities, and communicate this to relevant stakeholders Develop, implement and maintain a control testing structure to ensure alignment of activities with the controls, as well as to assess the effectiveness and efficiency of the treasury controls to detect and prevent any violations, weaknesses, or (potential) risks Review financial transaction valuation models developed by functional Treasury teams and ensure these models are compliant Support internal and external audit process Liaise with Finance Group and Risk and Compliance Group teams in the area of risk reporting, exposure management, and performance management and results 3.
Financial Risks Analysis Researching best practices and benchmarking UNOPS activities toward industry standards to ensure efficiency of methodology and techniques used in financial risks analysis Collaborate closely with Treasury team and UNOPS project and field based colleagues on the identification of financial risks of UNOPS Quantify and measure financial risks according to policy risk limits; manage risk limits including exceptions and changes and their reflection in Treasury policies Regular reviews of key financial parameters; develop and own Treasury KPI/KVI/KRI's Spearhead reporting capabilities by analysing data sources for optimal automation, harmonizing Treasury reports and creating interactive, real-time reports crucial for risk reporting Develop risk measurement frameworks by utilizing at-risk analysis and scenario analysis techniques 4.
Team Leadership Establish the annual work plan for the Treasury middle office in collaboration with the Treasurer and stakeholders. Set objectives, performance measurements, standards and results expected. Monitor implementation of the team's annual work plan, oversee progress and ensure delivery of results as planned and according to expectation.Promote teamwork and collaboration by providing the team with clear direction, objectives and guidance to enable them to perform their duties responsibly, effectively and efficiently. Foster a positive work environment, respectful of all, and ensure that the highest standards of conduct are observed.
5. Knowledge management and innovation Contribute to the development and introduction of innovation to ensure UNOPS is continually incorporating best practice approaches into financial services. Contribute to the dissemination and sharing of best practices and lessons learned for corporate development planning and knowledge building.
Plan, implement and organise capacity building of personnel, clients and stakeholders. Develop and maintain (up-to-date) knowledge on all treasury activities to be able to support UNOPS Treasury teams (including other UNOPS corporate functions, if needed) as an independent stakeholder in this area Manage and lead a team of middle office and control experts, developing the required knowledge and skills to efficiently implement the mandate of the treasury function Impact of Results The Head of Treasury Middle Office & Control manages the middle office and provides independent oversight and control on treasury activities including all Treasury activities conducted by all functional Treasury teams, enabling an efficient, strong and cohesive control (including systems) and reporting framework on policy adherence, compliance and financial risk analysis.
Competencies Develops and implements sustainable business strategies, thinks long term and externally in order to positively shape the organization. Anticipates and perceives the impact and implications of future decisions and activities on other parts of the organization.Treats all individuals with respect; responds sensitively to differences and encourages others to do the same. Upholds organizational and ethical norms. Maintains high standards of trustworthiness. Role model for diversity and inclusion. Acts as a positive role model contributing to the team spirit.
Collaborates and supports the development of others. For people managers only: Acts as positive leadership role model, motivates, directs and inspires others to succeed, utilizing appropriate leadership styles. Demonstrates understanding of the impact of own role on all partners and always puts the end beneficiary first.
Builds and maintains strong external relationships and is a competent partner for others (if relevant to the role). Efficiently establishes an appropriate course of action for self and/or others to accomplish a goal. Actions lead to total task accomplishment through concern for quality in all areas.
Sees opportunities and takes the initiative to act on them. Understands that responsible use of resources maximizes our impact on our beneficiaries. Open to change and flexible in a fast paced environment. Effectively adapts own approach to suit changing circumstances or requirements.
Reflects on experiences and modifies own behavior. Performance is consistent, even under pressure. Always pursues continuous improvements. Evaluates data and courses of action to reach logical, pragmatic decisions. Takes an unbiased, rational approach with calculated risks.
Applies innovation and creativity to problem-solving. Expresses ideas or facts in a clear, concise and open manner. Communication indicates a consideration for the feelings and needs of others. Actively listens and proactively shares knowledge.
Handles conflict effectively, by overcoming differences of opinion and finding common ground. Education/Experience/Language requirements Education Graduate university degree in finance and/or business or a related field is required. A combination of an undergraduate degree with two additional years of work experience may be accepted in lieu of the advanced university degree Appropriate professional accreditation or qualification in Treasury or Finance is highly desirable.
Membership in an internationally recognized accounting body or Treasury body would be an advantage. Financial Risk Management certification would be a further advantage. Experience A minimum of 7 years of progressively responsible experience in treasury or banking with a strong focus and expertise on Treasury instruments either in a large corporate or a financial institution is required.
Experience with Governance & control frameworks, Compliance and control testing, business analysis & understanding and stakeholder management is required Experience with Financial risk management & hedging (including FX risk, counterparty risk, and liquidity risk) and Treasury processes (FO/MO/BO) analysis are pre-requisite.
People management experience is essential. Experience with of Data & analytics and Treasury Technology is strong asset Language Requirements Full working knowledge of English. Knowledge of another official UN language is an asset. Contract type, level and duration Contract type: Staff Contract level: P4 Contract duration: Fixed-term staff contract - One year initially, renewable subject to satisfactory performance and funding availability As per the terms of the Host Agreement between UNOPS and the Government of Denmark, UNOPS officials are privileged to an exemption from taxation on the salaries and emoluments paid to them by UNOPS granted that they reside in Denmark.
For more details about United Nations staff contracts, please follow this link: https://www.unops.org/english/Opportunities/job-opportunities/what-we-offer/Pages/UN-Staff-Contracts.aspx Additional Information Please note that UNOPS does not accept unsolicited resumes.Applications received after the closing date will not be considered. Please note that only shortlisted candidates will be contacted and advance to the next stage of the selection process, which involves various assessments. UNOPS embraces diversity and is committed to equal employment opportunity.
Our workforce consists of many diverse nationalities, cultures, languages, races, gender identities, sexual orientations, and abilities. UNOPS seeks to sustain and strengthen this diversity to ensure equal opportunities as well as an inclusive working environment for its entire workforce.
Qualified women and candidates from groups which are underrepresented in the UNOPS workforce are encouraged to apply. These include in particular candidates from racialized and/or indigenous groups, members of minority gender identities and sexual orientations, and people with disabilities.
We would like to ensure all candidates perform at their best during the assessment process. If you are shortlisted and require additional assistance to complete any assessment, including reasonable accommodation, please inform our human resources team when you receive an invitation.
Terms and Conditions For staff positions only, UNOPS reserves the right to appoint a candidate at a lower level than the advertised level of the post. For retainer contracts, you must complete a few mandatory courses ( they take around 4 hours to complete) in your own time, before providing services to UNOPS.
Refreshers or new mandatory courses may be required during your contract. Please note that you will not receive any compensation for taking courses and refreshers. For more information on a retainer contract here. All UNOPS personnel are responsible for performing their duties in accordance with the UN Charter and UNOPS Policies and Instructions, as well as other relevant accountability frameworks.
In addition, all personnel must demonstrate an understanding of the Sustainable Development Goals (SDGs) in a manner consistent with UN core values and the UN Common Agenda. It is the policy of UNOPS to conduct background checks on all potential personnel.
Recruitment in UNOPS is contingent on the results of such checks. Tags financial instruments financial management risk analysis risk management treasury operations Click the button below to visit the original announcement on the recruiting organization's website.
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