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Treasury Senior Associate

Copenhagen

  • Organization: UNOPS - United Nations Office for Project Services
  • Location: Copenhagen
  • Grade: Administrative support - LICA-7, Local Individual Contractors Agreement
  • Occupational Groups:
    • Operations and Administrations
    • Administrative support
    • Banking and Finance
  • Closing Date: 2024-09-19

Job categories Finance
Vacancy code VA/2024/B0004/28831
Department/office MP, FG, Finance Group
Duty station Copenhagen, Denmark
Contract type Local ICA Support
Contract level LICA-7
Duration Ongoing, subject to organizational requirements, availability of funds and satisfactory performance
Application period 05-Sep-2024 to 19-Sep-2024
Applications to vacancies must be received before midnight Copenhagen time (CET) on the closing date of the announcement.

Functional Responsibilities

Summary of functions:

  1. Banking & Cash Management

  2. Liquidity & Foreign Exchange 

  3. Treasury Systems & Tools 

  4. Knowledge management and innovation

1. Banking

  • Support daily, weekly, monthly, and quarterly cash positioning and liquidity planning across UNOPS global bank accounts in all currencies. 

  • Support the  cash flow forecasting process of UNOPS corporate and field accounts, aiming to continuously improve the accuracy of the reporting by liaising with global field based business units. 

  • Support the establishment and maintenance of UNOPS bank accounts including opening, closing of accounts, and managing signatory panels. 

  • Support and report on the allocation of all banking fees for UNOPS accounts globally ensuring reconciliation and attribution of fees to other business units where required.  

  • Understand business requirements of banking and cash management services in the ERP and the TMS. 

  • Support daily funding operations in the TMS for UNOPS cash management requirements, including management of the liquidity portfolio vis-a-vis liquidity deficits or liquidity surpluses. 

  • Continuously build the treasury relationship with global field offices and project management colleagues relating to banking and cash management solutions in the field

2. Liquidity & Investment Management

  • Process foreign currency funding trades to UNOPS global nostro accounts in line with UNOPS Treasury policy using best execution methods. 

  • Own reporting on a monthly basis of the Treasury Operations Dashboard (Dashboard reporting to UNOPS CFO). 

  • Prepare the reconciliation of cash positions. 

  • Contribute to the year-end closure process and in the preparation of the year end financial statements for assigned areas.

  • Assist in the preparation of year-end audit letters to ensure bank balances and transactions are properly audited. 

  • Manage month and quarter end treasury processes 

3. Treasury Systems & Tools

  • Continuously strive to implement systems, solutions, tools and functionality with UNOPS Treasury systems, including the ERP, TMS and Global Custodian Platform 

  • Support the management of banking and cash management functionality in TMS, including management of users, static data, and connectivity of bank accounts and execution platforms 


4. 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.

  • Support UNOPS in facilitating an efficient framework on the dissemination and sharing of best practices so that knowledge is utilised to the most extent possible.

Impact of Results The Finance Senior Associate – Treasury & Banking is a key bridge between HQ and UNOPS global offices and is expected to become an expert in development banking, cash management in fragile contexts, and a key partner for UNOPS projects across the globe, enhancing the use of technology to achieve our goals, and ensure treasury controls are effective in all operations. The role holder will push UNOPS Treasury digitsation program under the wider Process Innovation and Digitisation project, with the key aim of facilitating better management of UNOPS and its partners funds

Education/Experience/Language requirements

Education

  • Completion of secondary education is required. 

  • An under-graduate or graduate university degree in finance and/or business or a related field is highly desired and may substitute for some years of experience

  • Appropriate professional accreditation or qualification in Treasury is highly desirable.

  • Membership in an internationally recognized Treasury body would be an advantage. 

  • TMS knowledge would be a further advantage, particularly for the current TMS provider (Kyriba).

Experience

  • A minimum of  7 years of progressively responsible experience in treasury, banking and cash management with a strong focus cashflow forecast, liquidity management, and payments is required.

  • Exposure and experience working with Treasury technology (e.g., trading platforms, payment connections) and implementation experience are a key advantage.  

  • Exposure to treasury in fragile contexts and developing/frontier markets is a strong asset

Language Requirements

  • Full working knowledge of English.  

  • Knowledge of another official UN language is an asset.
We do our best to provide you the most accurate info, but closing dates may be wrong on our site. Please check on the recruiting organization's page for the exact info. Candidates are responsible for complying with deadlines and are encouraged to submit applications well ahead.
Before applying, please make sure that you have read the requirements for the position and that you qualify.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.