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. The Financial Operations Department (FOD) is a dynamic financial, strategic and responsive business partner and service provider fully supporting IFAD in developing its financial strategy and managing its financial,



investments and material resources. 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). The Treasury Division (TRE) protects IFAD's financial sustainability and credit rating through raising of borrowed resources, efficient and effective management of IFAD's liquidity, timely and accurate settlement of all incoming and outgoing payments, and financial planning and ALM risk management, while providing innovative and financially responsible solutions to IFAD's borrowers. 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 the Division, the Investment Management (IM)



team is responsible for managing IFAD's investment portfolio and the assets of other funds under IFAD management. The Finance Analyst will be committed to the delivery of assigned objectives and activities and keep abreast of related industry developments and skills required to respond to the divisional work plan and results. The Treasury Analyst (Investment Management) will work under the overall strategic, policy and management guidance of the Director & Treasurer, and direct supervision/guidance of the Senior Treasury Officer. The incumbent will be committed to the delivery of assigned objectives and activities and keep abreast of related industry developments and skills required to respond to the divisional work plan and results. 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. Key Functions and Results 1. TREASURY BUSINESS PARTNER: The Finance Analyst (Treasury) is a credible, trusted partner to the client offices served and the Department/Division/Unit assigned. Finance 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. 3. AGENT OF CHANGE: The Finance 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 Finance 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. 4. MANAGERIAL FUNCTIONS: Is accountable for integrity, transparency, in the personal use of assigned IFAD resources, including equipment, supplies and, as applicable, staff supervised. Key Performance Indicators FinancialAnalysts 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: Finance Analysts will be expected to work independently, show initiative, problem solving attitude,



ability to synthesize complex matters and communicate in a clear manner, take ownership of projects, respect timelines of deliverables, ensure targets are met and proactively signal issues arising in the course of their duties, and demonstrate strong work ethic. The Finance Analyst is responsible for the deliverable, accuracy and quality of all daily operations of the Investment Management team. The incumbent also critically contributes to minimizing operational and financial risks that could result in reputational risk for the institution.Activities include: - Support analysis of securities and liquidity requirements for internally managed investment portfolios; - Support in-house trading activities, including the coordination of both pre-trade and post-trade for both cash and derivatives; - Reconcile internally managed investment portfolios against the Custodian bank and monitor reporting and documentation; - Assess monthly reports on internally and externally managed portfolios and securities analysis required by monthly and yearly internal control; - Participate in the implementation and maintenance of IT solutions for internally managed investment portfolios; - Collect and analyze economic and financial data by proficiently using financial information systems and applications (Bloomberg, Sustainalytics, Moody's platforms), in support of Treasury's regular and ad-hoc internal research activities; - Monitor daily developments in the financial markets relative to their impact on IFAD's investments; - Prepare analyses and draft documentation for IFAD's finance committees and Governing Bodies meetings as required; - Participate in review meetings and/or conference calls with external investment managers, the Custodian bank and other financial service providers; - Perform other related duties as required. Regular activities include: 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 likewise developing and proposing well-thought through changes to these. More specifically, the Finance Analyst Investment Management is accountable for the following areas: - TRADING UNIT: Perform macroeconomic market research, credit risk analysis and fixed income security analysis as a basis for generating trade ideas. Ensure best execution of transactions in financial instruments, including but not limited to: bond securities, time deposits, FX and swap transactions. Maintain compliance with limits and risk parameters consistent with the investment guidelines and escalate issues in case of operational risk. Check that trades are correctly booked, confirmed with relevant counterparties, and validates in treasury management systems according to best operational practices. Coordinate with middle office and back office to ensure confirmations are produced, authorized and issued to counterparties in a timely manner. Support the continuous improvement of all processes and procedures and ensure that these are kept up to date at regular intervals. - LIQUIDITY MANAGEMENT:Support efficient liquidity management by constant monitoring of liquidity positions. Keep abreast of developments in financial markets and generate trade recommendations. Ensure best execution of trades and minimize operational errors. Ensure all actions are carried out in accordance with IFAD Financial regulations, asset and liability management guidelines, regulatory compliance requirements and best market practices. Participate in projects related to short term cash flow projections, interest rate risk and currency risk management by providing expert advice. - RELATIONSHIPS: Responsible for daily relationship with contacts at the counterparty banks (front-offices), external asset managers and custodians. Participate in the selection of IFAD banks, setting up requirements and participating in technical and operational assessment. Ensure resolution of issues and respond to enquiries related to trades executed with counterparty banks. Provide sound technical advice and support to Treasury Officers across all functional teams and ensure that timely responses are provided to internal and external parties. - VALUATION AND RECONCILIATION: Coordinate the operational activities of the Investment Management team and ensure correct and prompt execution of related reconciliation, payments processing and accounting processes, within IFAD's Internal Control Framework. Liaise with the middle office and back office for post-trade reconciliation and settlement issues, as well as with the Office of the Controller on all accounting related issues. Support the reconciliation activities of the teams and ensure timely and accurate periodic Treasury investment performance reporting and booking of accounting entries. Carry out functions as key resource in internal and external audit exercises. - SYSTEMS AND PROCESSES: a. Ensure complete and up-to-date procedures are in place, in line with IFAD IFRS and financial risk framework and implement best practices within the team and ensure that processes are correctly understood and correctly documented. Continuously advice and propose changes to processes or solutions for enhanced efficiency and portfolio monitoring methodology. Review and monitor investment related internal controls to streamline operational procedures. b. Serve as subject matter expert on Treasury Investment Management systems, including Bloomberg and treasury management systems. Ensure smooth onboarding of new systems, including design of system requirements, designing and executing adequate testing, implementation and post go-live troubleshooting. Coordinate the implementation and enhancement of systems within the team and with IT and other relevant IFAD divisions on system related projects. Provide expert advice on risks, impacts and opportunities. - BUSINESS CONTINUITY: Responsible for the enhancement of the current FOD/TRE Business Continuity Plan framework, both for the payments and for post-trading activities at operational level. Provide strategic and expert advice on design of technical solutions, design and support testing and implementation of business continuity agreed solutions. Finance Analysts (Treasury)in charge of investment management operations implement investment transactions with an impact on the Fund's investment income, through the quality of trade recommendations and trade execution, and on the financial and operational risks through adherence to internal controls and procedures. Working Relationships The work relationships of Finance Analysts involves both written and verbal communications to obtain and provide information regarding decisions on specific cases or to explain why an action has been taken or to obtain information needed to take decisions or support further financial processes. Internal Fund contacts extend to supervisors and staff throughout the Fund to promote understanding of finance regulations, rules and/or procedures pertaining mainly to routine finance matters within his/her area of assignment. This requires skill in building constructive, effective 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 Finance Analyst will work closely with colleagues within IFAD's 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 investment transactions, as well as with the Risk Management Office (RMO) to support the development of financial policies related to investment management. The Finance Analyst will liaise with Treasury staff across all functional teams ensuring that timely responses are provided to internal and external parties. Job Profile Requirements Organizational Competencies: Level 1: - 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 & innovates - 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 - An advanced university degree in Finance, Economics, Mathematics, Data Science, Business Administration, Accounting, Engineering, Physics or any other technically relevant area from an accredited institution. The advanced university degree may be substituted by a first university degree (Bachelor or equivalent) in the above-mentioned subjects plus at least four additional years of relevant professional experience, over and above the minimum number of years of experience outlined below Areas - Finance, Economics, Mathematics, Data Science, Business Administration, Accounting, Engineering, Physics or any other technically relevant area Degree must be an accredited institution listed on https://www.whed.net/home.php. Certifications: Professional qualifications, such as the following, are an advantage: - Associate Member (AMCT) Association of Corporate Treasurers (ACT) - Certified Treasury Professional (CTP) - Chartered Financial Analyst (CFA) - International Capital Markets Association (ICMA) Experience: - At least two (2)years of professional experience in investment management and trading operations and/or a finance and debt background 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: Hands-on experience with financial trading platforms (e.g. Bloomberg, TradeWeb) and in-depth knowledge of treasury management systems for portfolio analytics, performance attribution, cash flow projection analysis, and other asset/investment management solutions; - Experience in trading financial instruments, particularly bonds (sovereigns, supranational, government agencies, corporates, financial institutions, covered bonds, ABS, MBS, inflation-linked bonds), money market products (including repos and reverse repos), currency (FX spot, FX forwards), and derivatives (such as interest rate swaps, cross currency swaps, and credit default swaps); - Proven credit analysis, risk management and financial modelling skills; - Practical experience in environmental, social and governance (ESG) negative/positive screening and best-in-class ESG approaches will be an added advantage. 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 - Digital Finance, FinTech and related, Know-how in fintech applications, robotic process automation, blockchain and digital finance applications to design, setup, implement and report; 2 - 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.; 3 - Basic 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 Applicants should note that IFAD staff members are international civil servants subject to the authority of the President of IFAD. In accordance with IFAD's Human Resources Policy, the President can decide to assign them to any of the activities of the Fund. 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) Strategyand 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. In accordance with IFAD's provisions, all new staff members will normally be placed at the first step in the grade level for which they have been selected. For information on IFAD's remuneration package, please visit IFAD's compensation and benefits page on our website. 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. How cinfo Can Support You in the Application Process for This Position - 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 (email hidden), and we will inform our HR partners in the respective organization and the Swiss Government to help increase your visibility. Settore: Servizi sociali/No Profit Ruolo: Altro Percentuale di occupazione: 80-100% / 100% Tipo di occupazione: Staff (Permanent and Fixed Term)