Finance Specialist (Treasury), P-3, DFAM, NYHQ

Contract

This is a P-3 contract. This kind of contract is known as Professional and Director staff. It is normally internationally recruited only. It's a staff contract. It usually requires 5 years of experience, depending on education.

Salary

The salary for this job should be between 140,639 USD and 184,155 USD.

Please keep in mind that the salary displayed here is an estimation by UN Talent based on the location and the type of contract. It may vary depending on the organization. The recruiter should be able to inform you about the exact salary range. In case the job description contains another salary information, please refer to this one.

UNICEF works in some of the world’s toughest places, to reach the world’s most disadvantaged children. To save their lives. To defend their rights. To help them fulfill their potential.

Across 190 countries and territories, we work for every child, everywhere, every day, to build a better world for everyone.

And we never give up.

For every child, hope...

This is a NYHQ position in Treasury and Structured Finance Section under the Division of Finance and Administrative Management (DFAM) reporting to the Chief, Treasury and Financial Services Unit.

The DFAM overall objective is to ensure that financial resources are fully attributed to the Strategic Plan results chain, made available in a timely manner, used effectively and efficiently within an optimized organizational structure which is ‘fit for purpose’. This is achieved through periodic measurement and transparent reporting of financial and administrative performance, and the development and application of risk-informed policy, improved procedures and innovative systems.

Treasury and Finance specific role is to manage financial risk while ensuring liquidity and generating market returns on cash resources and managing corporate banking relationships, also gaining Country Offices’ efficiencies relating to currency

How can you make a difference?

Summary of key functions/accountabilities:

1. Daily execution of money market and foreign exchange transactions in accordance with UNICEF’s Investment Guidelines.
2. Daily oversight of cash management activities for DFAM Treasury NYHQ bank accounts as well as monthly analysis of bank statements on Treasury NYHQ bank accounts against agreed fees schedule to ensure that correct fees/charges are being applied.
3. Actively monitor and analyze fixed income markets and money markets, and provide technical expertise to senior investment and trading team in support of portfolio strategy.
4. Monitor and calculate any FX gain/losses on Procurement Services transactions conducted by the Supply Division to ensure that they are charged back to the government counterparties.
5. Analyze and recommend different payment modalities for treasury payments on investments, foreign exchange and bank-to-bank transfers including related charges and recommend ways to get best value for money.
6. Conduct cash flow analysis, financial risk analysis and any other cost-benefit analysis and make recommendations as appropriate.
7. Assist in reviewing pre-financing requests and guarantees supporting them, innovative financing structures, and also FX strategies for cash transfers to beneficiaries and make recommendations.
8. Assist in the development of policies and procedures; update and maintenance of presentation materials used for training as well as SOPs to educate stakeholders of the different aspects of the Treasury function.
9. Other duties which may include:
   1. Act as the Back-up for other Finance Specialist (P3) in her/his absence.
   2. Any other duties or ad hoc studies assigned by the supervisor and/or Deputy Director of Treasury and Structured Finance

To qualify as an advocate for every child you will have…

• An advanced university degree (Master's) in Finance, Business, or Economics is required.
• A minimum of six (6) years of relevant professional experience in banking and/or investment & foreign exchange management, is required.
• Experience with trading platforms and investment software, particularly the use of Bloomberg terminals, 360T, Microsoft Excel spreadsheets and Power Point is required.
• Experience in working in a multi-cultural environment, is highly desirable.
• Experience of working with ERP systems, preferably SAP, is highly desirable.
• Developing country work experience and/or familiarity with emergency is considered an asset.
• Fluency in English is required. Knowledge of another official UN language (Arabic, Chinese, French, Russian or Spanish) or a local language is an asset.

For every Child, you demonstrate...

UNICEF’s Core Values of Care, Respect, Integrity, Trust and Accountability and Sustainability (CRITAS) underpin everything we do and how we do it. Get acquainted with Our Values Charter: UNICEF Values

UNICEF competencies required for this post are…

(1) Builds and maintains partnerships (2) Demonstrates self-awareness and ethical awareness (3) Drive to achieve results for impact (4) Innovates and embraces change (5) Manages ambiguity and complexity (6) Thinks and acts strategically (7) Works collaboratively with others.

Functional Competencies include:

• Demonstrated knowledge of financial markets.
• Strong analytical and problem-solving skills.
• Strong reasoning skills in identifying issues, gathering relevant information, and exhibiting sound judgment in decision-making

During the recruitment process, we test candidates following the competency framework. Familiarize yourself with our competency framework and its different levels: competency framework here.

UNICEF is here to serve the world’s most disadvantaged children and our global workforce must reflect the diversity of those children. The UNICEF family is committed to include everyone, irrespective of their race/ethnicity, age, disability, gender identity, sexual orientation, religion, nationality, socio-economic background, or any other personal characteristic. We offer a wide range of benefits to our staff, including paid parental leave, breastfeeding breaks and reasonable accommodation for persons with disabilities. UNICEF strongly encourages the use of flexible working arrangements.

UNICEF has a zero-tolerance policy on conduct that is incompatible with the aims and objectives of the United Nations and UNICEF, including sexual exploitation and abuse, sexual harassment, abuse of authority and discrimination. UNICEF is committed to promote the protection and safeguarding of all children. All selected candidates will, therefore, undergo rigorous reference and background checks, and will be expected to adhere to these standards and principles. Background checks will include the verification of academic credential(s) and employment history. Selected candidates may be required to provide additional information to conduct a background check.

Remarks:

Mobility is a condition of international professional employment with UNICEF and an underlying premise of the international civil service.

UNICEF appointments are subject to medical clearance. Issuance of a visa by the host country of the duty station, which will be facilitated by UNICEF, is required for IP positions. Appointments are also subject to inoculation (vaccination) requirements, including against SARS-CoV-2 (Covid). Government employees that are considered for employment with UNICEF are normally required to resign from their government before taking up an assignment with UNICEF. UNICEF reserves the right to withdraw an offer of appointment, without compensation, if a visa or medical clearance is not obtained, or necessary inoculation requirements are not met, within a reasonable period for any reason.

Only shortlisted candidates will be contacted and advance to the next stage of the selection process.