OPEC OFID Job Vacancies 2021 In November And How To Apply

The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are: Algeria, Ecuador, Gabon, Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and the Bolivarian Republic of Venezuela.

We are recruiting to fill the positions below:

Job Title: Compensation and Benefits Specialist

Location: Austria

Job Profile

• The Compensation and Benefits (C&B) Specialist assists in the design and implementation of the OPEC Fund’s remuneration strategy by conducting benchmarking exercises to develop the total rewards landscape, contributing to the roll out, administration and enhancement of compensation and benefits processes, tools and schemes, including salary review, salary structure, pensions and medical insurance.
• He/she will support the HR team in ensuring the remuneration strategy and practices are as externally competitive and internally equitable to entrench a performance-based culture that enables employee engagement and business productivity.

Duties and Responsibilities
Rewards Management:

• Coordinates job analysis and evaluation activities.
• Prepares job descriptions and develops and maintains a job descriptions manual and depository.
• Coordinates processes like salary reviews, new benefits introduction, annual incentives/increments management, etc.
• Assists in designing, developing and communicating compensation and benefits strategies and policies.

Research and analysis:

• Assesses employees’ needs by means of different evaluation methods and techniques.
• Conducts research into emerging trends, issues and best practices in the realm of total rewards.

Rewards Administration:

• Contributes to the management of the defined benefit pension scheme.
• Facilitates the administration of medical and pension benefits and related budgetary requirements.
• Maintains staff records for the Medical Insurance Scheme to ensure timely and sufficient monthly medical premium payment.
• Coordinates the Medical Insurance Scheme re-tendering process.
• Reviews and processes all applications to the Austrian authorities for medical VAT reimbursement.
• Supports the Payroll Specialist to ensure that all salary and other benefits related information and data are captured and processed accurately.

Information Security:

• Maintains full confidentiality with all stakeholders.

Administrative Support:

• Provides needed clarifications to relevant parties with regards to compensation and benefits policies, procedures and guidelines.
• Carries out other duties as assigned by the HR Director and Head of HR Operations.

Qualifications and Experience

• Bachelor’s Degree in Human Resources, Business Administration, Finance or a combination of any degree plus a relevant certification (CIPD, GRP, etc.).
• A minimum of 5 years of relevant professional experience in Compensation and benefits/ Rewards management.
• Experience in an international development / finance institution is preferred.
• Fluent in English. A good working knowledge of Arabic, German, Spanish, or French is an added advantage.

Competencies:

• Possesses strong quantitative, analytical thinking, and project management skills.
• Strong numeracy skills, with ability to adequately utilize Excel for analysis.
• Good knowledge of SAP-HR.
• Ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.
• Demonstrable understanding of job analysis, documentation, evaluation and grading.
• Good knowledge of pension and medical insurance schemes and administration.

Interested and qualified candidates should:
Click Here To Apply

Job Title: Market Analytics Officer

Location: Austria

Job Profile

• The Market Analytics Officer contributes in evaluating market risk by carrying out various risk and return analyses as well as managing Financial Operations Department (FOD) custodial operations, and supports FOD’s mandate in managing the Staff Retirement Fund (SRF), all in accordance with the institutional strategy and framework, in order to support the execution of efficient liquidity, asset liability and debt management operations.

Duties and Responsibilities

• Contributes to the formulation of investment guidelines for Treasury portfolios and Staff Retirement Fund (SRF) and monitors implementation/compliance.
• Performs market research and analysis related to OPEC Fund’s Treasury portfolios and SRF and prepares reports thereof.
• Monitors various risk measures such as liquidity gaps, asset liability mismatches, interest rate exposure, and FX exposure and proposes mitigation measures.
• Analyzes Treasury portfolios performance, liquidity and credit quality; proposes market risk mitigation strategies; and monitors compliance with relevant OPEC Fund risk policies.
• Carries out liquidity analysis/modeling to inform debt management and cash flow planning decisions.
• Assists in carrying out of scenario analysis to capture the effects of different interest rate environments on the Fund’s assets and liabilities.
• Assists in carrying out stress tests to evaluate the resiliency of the Fund’s economic capital.
• Manage day-to-day custodial operations and ensure accurate investment accounting, performance reporting and fiscal agency.
• Provide assistance and cover for treasury banking operations as and when required.
• Analyzes OPEC Fund’s asset liability profile and coordinates with Risk Management to ensure compliance with the ALM policy.
• Assists in managing relationship with OPEC Fund’s investment consultant to enhance Treasury portfolios and SRF investment strategies and reporting.
• Assist in overseeing the OPEC Fund’s SRF mandate and evaluating manager performance.
• Coordinates with Risk Management in providing regular feeds of trading positions and reporting.
• Assists in preparing Pension Committee reports on SRF performance and attribution.
• Provides regular and ad-hoc analysis and reports to Management, the Board and the Audit and Risk Management Committee.
• Undertakes miscellaneous projects related to the Treasury portfolios, banking operations and SRF.
• Carries out other tasks assigned by the Director, Treasury that are related to the job function.

Qualifications and Experience

• Master’s Degree in Business Administration, Finance, Economics or related fields.
• Professional financial qualification is a plus (e.g. CFA, FRM).
• Minimum of five years relevant professional experience.
• Preferably 2 – 3 years of experience in an international financial institution.
• Fluent in English. Good working knowledge of French, Arabic, German or Spanish is an added advantage.

Competencies:

• Proficient in financial concepts, particularly in the areas of fixed income, funding, and market risk.
• Good knowledge of performance measurement & reporting.
• Good understanding of treasury operations, cash management, custody operations and capital markets.
• Demonstrable quantitative and qualitative skills. 
• Familiar with defined benefit pension schemes and IAS 19 reporting requirements.
• Familiar with SAP Enterprise Resource Planning (ERP) systems.
• Strong organizational, communication and presentation skills.
• Ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

Interested and qualified candidates should:
Click Here To Apply

Job Title: IT Infrastructure Specialist

Location: Austria

Job Profile

• The IT infrastructure Specialist provides technical expertise in installation, maintenance and monitoring of specific IT systems to ensure their optimal and effective utilization.
• The incumbent must have thorough knowledge of different computer software and hardware platforms.

Duties and Responsibilities

• Performs regular IT tasks in all areas such as systems administration, monitoring, patching, scripting and database administration.
• Provides service desk support for incoming queries and issues related to computer systems, software and other hardware.
• Maintains and secures appliances, desktops and servers implementations.
• Maintains and updates knowledge base articles.
• Recommends alternative technologies or improvements to enhance information systems to support organizational goals.
• Supports the senior infrastructure officer in the implementation of infrastructure projects.
• Monitors systems, infrastructure and network, and ensures improvements of performance, availability and usability.
• Implements security measures and ensures data integrity.
• Develops training materials and user documentation.
• Resolves hardware incidents and initiates warranty repairs.
• Responsible for user account management, including on-boarding and off-boarding of users, access rights and group membership administration and user mailbox administration.
• Keeps abreast of latest technology trends and developments.
• Reviews technical architectures and proposes improvements to satisfy forecasted requirements.
• Guarantees the availability of printer systems.
• Implements cyber security solutions governed by the Chief Information Security Officer (CISO).
• Monitors and reports on SLAs defined with external partners and consultants.
• Deals with all departments/units on the subject of IT services.
• Carries out other related tasks assigned by the IT director.

Qualifications and Experience

• Bachelor’s Degree in Computer Science.
• IT certifications and other relevant certifications.
• A minimum of 8 years relevant professional experience.
• Experience of working in an international development institution
• Fluent in English.
• Good working knowledge of German is an added advantage.

Competencies:

• General understanding of the core activities of development institutions, including the OPEC Fund. 
• Familiarity with SAP, OpenText, PowerShell Scripting.
• Strong analytical thinking, good planning and organizational skills. 
• Very good knowledge in Microsoft On-premise Operating Systems and Microsoft Desktop and Microsoft Office products.
• Very good knowledge of Cisco equipment and solutions as well as security solutions.
• Demonstrated experience in maintaining VMware virtualization platform.
• Experienced in Cloud technologies. 
• Ability to handle multiple projects simultaneously. 
• Strong written and oral communication and presentation skills. 
• Proven self-starter with strong initiative, enthusiasm for innovation, business development. 
• Conscientious and efficient in meeting commitments, observing deadlines and achieving results.
• Ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

Interested and qualified candidates should:
Click Here To Apply

Job Title: Senior Officer, Syndication Facility

Location: Austria

Job Profile

• The Senior Officer Syndication Facility oversees the syndications and co-financing operations of PSTFOD.
• S/he is responsible for setting-up the syndication process, developing strategies to mainstream and scale-up co-financing and syndication activities and providing support in business development activities of PSTFOD, all in accordance with the departmental strategy, in order to ensure a sustainable pipeline of syndication and co-financing activities.

Duties and Responsibilities
Syndication and co-financing transactions:

• Leads/Supervises co-financing and syndication transactions, sharing responsibilities where appropriate with other co-arrangers.
• Oversees the process of market soundings, pricing and providing risk appetite feedback to ADG PSTFOD and Business Development Unit for their consideration.
• Provides structuring guidance to investment managers and task managers and actively participates in presenting proposals and mandate letters to clients, emphasizing the benefits of syndication and co-financing.
• Participates in/leads organizational task force as may be required.
• Provides inputs to the organization’s internal reports and policy papers as may be required.

Stakeholder management and engagement:

• Establishes working relationships with the widest possible group of commercial co-financiers including development finance institutions and commercial banks.
• Works with the Business Development Unit, Portfolio Management Unit, Treasury, Risk Management, Legal and other departments within OPEC Fund to establish OPEC Fund’s capacity to act as agent and ensuring alignment with both external and internal stakeholders.

Policies and procedures development:

• Develops strategies for promoting OPEC Fund’s syndication offerings.
• Develops internal operational processes and procedures for the syndication and co-financing of private-sector loans.
• Periodically reviews syndication guidelines to ensure deployment with market practice and makes recommendations for amendments and improvements.

Performance management, talent development and people management:

• Supports PSTFOD’s effort to attract, develop, and retain strong syndication talent.
• Mentors and develops the Syndication team.

Qualifications and Experience

• Master’s Degree in Accounting, Commerce, Finance, Economics or other relevant disciplines.
• A minimum of 15 years of relevant credit and originations experience gained in a major development Finance institution or commercial/investment bank.
• Direct underwriting and or syndication experience.

Competencies:

• Conscientious and efficient in meeting commitments, observing deadlines and achieving results.
• Strong ability to work collaboratively with colleagues to achieve organizational goals.
• An understanding and aptitude for financial and credit analysis, including an understanding of project and structured finance transactions. A good understanding of the syndicated loan and capital markets, coupled with an ability to spot trends in those markets.
• Demonstrated ability to contribute to multidisciplinary and multicultural project teams.
• Ability to act independently and resourcefully in responding to work demands, adjust to multiple demands, shifting priorities, ambiguity and change.
• Ability to write and speak clearly and concisely, to write clear and precise analytical documents and to adapt communication style to different audiences.
• Strong interpersonal, teamwork and analytical skills as well as high level of integrity and drive for achieving results.
• Ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

Interested and qualified candidates should:
Click Here To Apply

What’s your take on this? We believe this article was helpful, if yes, don’t hesitate to share this information with your friends on Facebook, Twitter, WhatsApp, and other Social Platforms.