Italy Job Openings
International Fund For Agricultural Development
Risk Officer (Finance) - Rome, Italy P-3
Roma
FULL TIME
September 13, 2024
Organizational Setting
The Office of the President and Vice-President of IFAD (OPV) oversees the Corporate Services Support Group (CSSG) and supervises the Protocol Unit. The CSSG comprises the: (a) Office of the General Counsel (LEG) ; and (b) Office of Audit and Oversight (AUO), reporting to the President; (c) Office of Strategic Budgeting (OSB); (d) Quality Assurance Group (QAG); (e) Change, Delivery and Innovation Unit (CDI); and (f) Office of Enterprise Risk Management (RMO), reporting to the Vice-President; and (g) Ethics Office (ETH), a stand-alone unit reporting administratively to the Vice-President.
The Office of Enterprise Risk Management (RMO) is a dynamic, strategic and responsive service provider, leading IFAD's second line of defense by fully supporting the management of all risks across the organization. The RMO implements, monitors, and maintains an efficient and effective Enterprise Risk Management programme, supporting IFAD's strategic vision and mandate. The RMO aims to enable better informed risk taking by using consistent risk management best practices across the organization to achieve the Fund's objectives in the long-term and deliver on its development commitments. The Office is responsible for oversight and monitoring of risk exposures and enabling clear reporting of IFAD's risk profile.
The Risk Officer reports to the Lead Financial Risk Officer and works under the overall strategic guidance of the Director & Chief Risk Officer of RMO.
Job Role
Position specifics: The Risk Officer (Finance) is supporting the mission of IFAD by providing sound advice, on financial risk policy and management practices, that supports effective, risk based decision making. The incumbent assists the Director & Chief Risk Officer and the Lead Financial Risk Officer in making effective risk based decisions to achieve the strategic goals of the Fund.
Key Functions and Results
2. FINANCIAL MANAGEMENT: The Risk Officers are seasoned professionals with the capacity to interpret and apply a broad range of industry best practices, international and IFAD financial policies, rules and regulations as well as standards and techniques. Activities performed by Risk Officer at this level may include (a) maintaining the financial procedures relating to the assigned operation; (b) preparing information for internal financial and risk reporting, and for IFAD's Annual Financial Statements, as applicable; and (c) preparing timely, substantive replies to internal and external audit observations concerning the assigned financial operation.
3. PARTNERSHIP BUILDING: Risk Officers contribute to the development of financial and risk policies through simulations and enhancement of financial models; build simulations on a range of likely scenarios reflecting IFAD's current and future resources and financial positions, analyse simulation results and identify key inputs for information on resource mobilization priorities/opportunities; analyse trends in financial data to assess relevance of existing models; recommend changes to underlying assumptions to promote alignment with current and future operating realities; maintain linkages between financial model development and projections of balance sheet and income statements; ensure integration with the structure of IFAD's balance sheet and income statement; and enhance current financial models including integration with other excel-based information in collaboration with team colleagues.
4. AGENT OF CHANGE: The Risk Officer understands and contributes in applying the principles of change management and proactively serves as a role model for transformation and positive change. The incumbent has a general knowledge of results based management, enterprise resource planning (ERP) and information technology. At this level the Risk Officer contributes to change, working with the manager in consulting inter-organizational and internal risk management colleagues, IFAD senior management and outreaching client offices to build understanding of risk management practices, and to ensure open and regular communications pertaining to current and planned changes in the Fund's risk management standards, regulations and rules. The incumbent might supervise the work of junior unit's staff to ensure the achievement of divisional objectives.
5. MANAGERIAL FUNCTIONS:The Risk Officer is accountable for integrity, transparency, and equity in the personal use of assigned IFAD resources, including equipment, supplies and, as applicable, staff supervised. This includes People Management through supporting the Lead Risk Officer with technical leadership/capacity development initiatives and awareness campaigns. UN and IFI documentation & processes, Knowledge of the relevant policies, rules, regulations and guidelines on document processing and distribution within the UN and other IFIs.
Key Performance Indicators
Position specific: The Risk Officer (Finance) holds an independent and rigorous risk management function and are accountable for in-depth analysis of a variety of financial and risk reports that reflect transactions where many different consecutive stages of operations are involved; problems involve interrelationships and interactions within the financial structure and the Risk Officer's role is to ensure that the Organization's financial business conforms to regulations. Based on a thorough knowledge of finance and risk principles, concepts and systems, the Risk Officer independently performs the full range of work for a complete, homogenous financial operation or components of financial operations. The work typically requires the identification of the need for changes to finance and risk policies, as well as the authoritative interpretation and application of finance and risk policies, rules and regulations to a broad range of complex casework. The officer's responsibilities also include supporting the supervisor in key decision-making initiatives e.g. strategic planning, capital and liquidity planning, etc.
Working Relationships
Position specific: The Risk Officer (Finance) may represent the unit to which assigned on related matters at internal and external meetings and conferences as requested by the supervisor. Internally, Risk Officer (Finance) is required to explain, clarify and implement financial plans and decisions taken or procedural changes planned to ensure accuracy, completeness and integrity of financial data and reporting. Contacts are with finance, budget, loans and grants, treasury, audit and programme management staff in country offices and Headquarters. External work require a potential exchange of information with a range of outside sources in the investment community including, Borrowers and Cooperating institutions, dealer counterparties, external investment managers / other professionals operating in financial markets and vendors/suppliers. They are also delegated authority to make commitments on routine aspects of the assignment.
Job Profile Requirements
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
- Level - Advanced university degree from an accredited institution listed on https://www.whed.net/home.php in a technically relevant area (*). 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 - financial engineering or other quantitative field, finance, business administration or other job related field.
Certifications:
- Professional qualification in FRM, IRM, CFA, CQF, SCR or equivalent is a strong preference.
- At least five (5) years of progressively relevant experience is risk management including asset liability management, treasury management, liquidity risk, interest rate risk, capital markets etc. in an international financial institution, multilateral/regional/national development bank or agency and/or financial services private sector firm.
- Three (3) years in a multi-cultural organization or national organization providing support on a global scope.
- Position-specific experience: Knowledge and basic experience in project/programme management, using best practice project management methodology
- Required English (4 - Excellent)
- Desirable: French, Spanish, or Arabic (3 - Good)
- IFAD financing strategy: Expertise on the Fund`s governing and financial structure, mandate, long-term business strategy, financial rules and regulations
- 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.
- UN and IFI documentation & processes: Knowledge of the relevant policies, rules, regulations and guidelines on document processing and distribution within the UN and other IFIs
- Financial data integrity and financial systems: know-how in systems interface control, core banking system management, data mining and analytics
- 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
- Risk management (e.g. reputational): Identification and assessment of potential liabilities and risks in IFAD's activities, particularly vis-à-vis third parties; ability to handle risks via contingency and mitigation strategies
- Strategy implementation: Ability to lead and manage the development and implementation of medium to longer-term strategies for IFAD / for respective divisions
- Policies and procedures: Know-how in design, advisory and interpretation expertise in HR policies and procedures, such as payroll and staff regulations (e.g. pensions schemes, benefits and entitlements, social services etc.)
- Data analysis/architecture: Know-how in the analysis and interpretation of data needs and sources taking into account its operational context, using systems and models to disseminate ensuring integrity, availability to meet reporting and business analytics needs
- Performance management: Know-how in managing performance so that staff supervised deliver on the agreed objectives and meet their development needs while meeting the needs of IFAD. Is proficient in establishing clear performance goals (operational and behavioural) and learning plans as well as in evaluating the performance of staff against the set goals.
- Adaptability: Adaptability and flexibility when facing new or unexpected situations, and to specific constraints and circumstances and managing complex processes
- Business acumen, private sector knowledge: Outstanding ability to synthesize and simplify complex technical information for a variety of (non-technical) audiences
- Change management: Role modelling, anticipation of key risks & conflicts and formulation of contingency plans/solutions, action-oriented
- Integrity and ethics: Strong emphasis on acting with honesty, not tolerating unethical behaviour, demonstrating equity, impartiality and sensitivity in exercising authority and interacting with staff, and other stakeholders. Conduct must be guided by IFAD core values, the Code of conduct and a high sense of ethics.
- Interpersonal skills: Ability to deal patiently and tactfully with others (e.g. visitors, clients, callers, etc.), including senior individuals (e.g. high-level meeting participants)
- Leadership: Group thought leader, sought out by others and providing mentorship and effective guidance to others; Ability to build trust, inside and outside the organization by acting as a role model for IFAD's core values and competencies, and to provide a clear sense of direction, mentorship and effective guidance to the team, strategizing the IFAD's goals, giving the vision, empowering the team and ensuring a positive environment for all.
- Written communication: Clear, succinct and convincing written communication in the language needed for specific role; highly professional, balanced and diplomatic language (e.g. for drafting of position papers, briefings, etc.)
- Programme/Project development, management: Know-how in Programme/Project development, implementation, management
Other Information
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. See here.
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.
IFAD is an Equal Opportunity Employer and does not discriminate on the basis of ethnic, social or political background, colour, nationality, religion, age, gender, disability, marital status, family size or sexual orientation in line with its Diversity, Equity and Inclusion (DEI) Strategy and the 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
ROME
New Job Alerts
Falkensteiner Hotels & Residences
Commis de Cuisine (m/f)
Jesolo
November 10, 2024
View Job DescriptionFalkensteiner Hotels & Residences
Pastry Chef de Partie / Pastry Demi Chef de Partie / Pastry Commis (m/f)
Jesolo
November 10, 2024
View Job DescriptionKRAHN Chemie GmbH
JUNIOR TECHNICAL SALES MANAGER HEAT TRANSFER FLUIDS (M/F/D)
November 10, 2024
View Job DescriptionFalkensteiner Hotels & Residences
Estetista / Specialist in Manicure & Pedicure (m/f)
Jesolo
November 10, 2024
View Job DescriptionFalkensteiner Hotels & Residences
Chef de Partie Sushi (Capo partita Sushi) (m/f)
Jesolo
November 10, 2024
View Job DescriptionFalkensteiner Hotels & Residences
Executive Sous Chef de Cuisine / Head Sous Chef (m/f)
Jesolo
November 10, 2024
View Job DescriptionFalkensteiner Hotels & Residences
Demi Chef de Partie (Demi capo partita) (m/f)
Jesolo
November 10, 2024
View Job DescriptionLevi Strauss & Co.
SALES STYLIST - JOB ON CALL
Bologna
PART TIME
November 10, 2024
View Job DescriptionFalkensteiner Hotels & Residences
Demi Chef de Partie / Commis de Cuisine (Sushi) (m/f)
Jesolo
November 10, 2024
View Job DescriptionLooking for similar job?
ION Group
Junior Consultant - Risk Advisory, Italy
Turin
FULL TIME
August 9, 2024
View Job DescriptionNestle Operational Services Worldwide SA
Junior Risk & Compliance Specialist - IT Platforms
Assago
FULL TIME
August 23, 2024
View Job DescriptionSee What’s New: International Fund For Agricultural Development Job Opportunities
International Fund For Agricultural Development
Director, Administrative Services Division (ADM) - Rome, Italy D-1
Roma
FULL TIME
September 16, 2024
View Job DescriptionInternational Fund For Agricultural Development
Risk Officer (Finance) - Rome, Italy P-3
Roma
FULL TIME
September 13, 2024
View Job DescriptionInternational Fund For Agricultural Development
Risk Officer (Finance) - Rome, Italy P-3
Roma
FULL TIME
September 13, 2024
View Job DescriptionInternational Fund For Agricultural Development
Risk Officer (Finance) - Rome, Italy P-3
Roma
FULL TIME
September 13, 2024
View Job DescriptionInternational Fund For Agricultural Development
Senior Quality Assurance Specialist - Rome, Italy P-4
Roma
FULL TIME
September 5, 2024
View Job DescriptionNew Job Alerts
Falkensteiner Hotels & Residences
Commis de Cuisine (m/f)
Jesolo
November 10, 2024
View Job DescriptionFalkensteiner Hotels & Residences
Pastry Chef de Partie / Pastry Demi Chef de Partie / Pastry Commis (m/f)
Jesolo
November 10, 2024
View Job DescriptionKRAHN Chemie GmbH
JUNIOR TECHNICAL SALES MANAGER HEAT TRANSFER FLUIDS (M/F/D)
November 10, 2024
View Job DescriptionFalkensteiner Hotels & Residences
Estetista / Specialist in Manicure & Pedicure (m/f)
Jesolo
November 10, 2024
View Job DescriptionFalkensteiner Hotels & Residences
Chef de Partie Sushi (Capo partita Sushi) (m/f)
Jesolo
November 10, 2024
View Job DescriptionFalkensteiner Hotels & Residences
Executive Sous Chef de Cuisine / Head Sous Chef (m/f)
Jesolo
November 10, 2024
View Job DescriptionFalkensteiner Hotels & Residences
Demi Chef de Partie (Demi capo partita) (m/f)
Jesolo
November 10, 2024
View Job DescriptionLevi Strauss & Co.
SALES STYLIST - JOB ON CALL
Bologna
PART TIME
November 10, 2024
View Job DescriptionFalkensteiner Hotels & Residences
Demi Chef de Partie / Commis de Cuisine (Sushi) (m/f)
Jesolo
November 10, 2024
View Job Description