Job Openings at the OPEC Fund for International Development

Location: Austria

Job Profile

• The Financial Analytics Officer performs financial projections, analytics, modelling scenarios and reports, all in accordance with the institutional strategy and framework, in order to assist management to make informed decisions.

Duties and Responsibilities
Data collection & analysis:

• Performs standard financial projections duties and analysis on a regular basis; interprets raw data and information, and prepare management reports related to financial results and targets.
• Performs ad hoc analyses that drive strategic business decisions.
• Analyzes data and financial and business metrics to monitor performance and assist Management in achieving objectives.
• Investigates variances between actuals and projections and/or forecasts to understand trends and potential risks and opportunities.
• Monitors and assesses key performance indicators.
• Develops and maintains strong understanding of the financial performance for all areas of the organization.

Stakeholder management and engagement:

• Creates effective business relationships across the organization through monthly financial deliverables and meetings to maintain accuracy of financial forecasts.
• Communicates financial data in reports, narratives and through visual representations.
• Assists in the design of periodic financial reviews to drive business change as well as continuous reporting on innovation and automation.

Reporting:

• Prepares periodic reports, dashboards, and analyses on the organization, including cash flow projections, scenarios analysis, forecasts and financial performance.
• Develops and maintains key financial reporting metrics.

Budget planning:

• Support planning and preparing the administrative and CapEx budget budget records, in accordance with the institutional strategy and framework.
• Preparation of comparative and variance analysis on Budget implementation and utilization.
• Supports application of the best financial management practices: budgeting standards, costing methodologies, resource projections, variance analysis and cost allocation.
• Contributes to budget systems and processes enhancements, to improve the effectiveness and efficiency of delivering the organizational mandate.

Capability building:

• Contributes to the strengthening and capacity building of the Fund by developing and improving management and organizational processes and procedures; automations and system enhancements and participates in the committee(s) relevant to these matters.
• Carries out other tasks assigned by the supervisor that are related to the job function.

Qualifications and Experience

• Master's Degree or equivalent in Finance / Business, majoring in Accounting, Financial Analysis, Business Administration or other relevant fields.
• Recognized financial/accounting certification such as the CFA.
• A minimum of five years relevant professional experience.
• Preferably 2-3 years of experience in an international financial institution.
• Excellent written and verbal communication skills in English and German. A good working knowledge of Arabic, French, and/or Spanish is an asset.

Competencies:

• Able to work efficiently in a well-structured, focused manner setting clear priorities.
• Excellent ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.
• Conscientious and efficient in meeting commitments, observing deadlines and achieving results.

Core Competencies:

• Strong analytical skills, as demonstrated by a very strong grasp of data and numbers and the ability to derive meaningful conclusions.
• Ability to business convert concepts and objectives into sound financial/numerical logic, principally through modelling and projections.
• Ability to interrogate data for accuracy and dependencies and to further develop assumptions and themes.

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Location: Austria

Job Profile

• The Chief Auditor provides OPEC Fund with an effective system of risk-based, independent and objective internal oversight that is designed to improve the effectiveness and efficiency of OPEC Fund’s operations through the provision of internal audit and consulting services in accordance with OPEC Fund strategy and frameworks for governance, risk and control, in order to protect and enhance the value of OPEC Fund.

Duties and Responsibilities
Functional strategy formation & implementation:

• Formulates the Internal Audit Function’s strategic and operational plans and manages the staff and activities to ensure the achievement of performance goals and the optimal use of resources.
• Prepares an annual risk-based audit workplan.
• Provides oversight services which will assist OPEC Fund in successfully managing its strategic and operational risks.

Audit:

• Ensures that internal audit activities are undertaken in accordance with the International Standards for the Professional Practice of Internal Auditing (IPPF); the Core principles, the Code of Ethics and, the Standards and the Definition of Internal Auditing established by the Institute of Internal Auditors (IIA) and within the OPEC Fund’s regulatory framework.
• Oversees the quality control of Internal Audit deliverables by reviewing and approving audit reports and working papers and ensuring that all audit findings are supported by appropriate evidence.
• Engages in advisory consultations and coordinates with Senior Management on improvements in risk management, governance and internal control systems.
• Completes and supervises assurance and advisory engagements, reviews, special investigations, as required.
• Maintains a recommendation tracking system (AudimexSD) which is used to monitor the implementation of audit recommendations.
• Regularly reviews and when necessary updates Internal Audit Charter and Internal Audit Manual.

Leadership and direction:

• Leads and manages the Internal Audit Function in compliance with the OPEC Fund’s Rules and Regulations and by the Internal Audit Charter.
• Manages human resources assigned to the Internal Audit Function ensuring appropriate learning, training and development is provided, and conduct performance evaluations.
• Manages the financial resources allocated to the Internal Audit Function.
• Maintains a high-performing Internal Audit Function.
• Stakeholder management and engagement.

Board relationship:

• Participates in the Governing Board Meetings as well as in Audit and Risk Committee meetings
• Builds and maintains relationships with the OPEC Fund’s Audit and Risk Committee, Director-General and Management.
• Liaises with external audit bodies to strengthen synergies and minimize duplications.

Reporting:

• Leads Internal Audit reporting to Director-General and Audit and Risk Committee.
• Provide monthly dashboard reports to Senior Management and quarterly reports to Audit and Risk Committee.
• Perform other related duties as assigned.

Qualifications and Experience

• Master’s Degree in Business Administration, Finance, Controlling, Accounting, Law, or other related field
• Certified Internal Auditor from Institute of Internal Auditors
• A minimum of 20 years of progressively responsible experience, including a minimum of 7 years in managerial role.
• Five years of experience in an international environment, preferably in multilateral financial institutions.
• Other related professional certifications e.g. Certified Fraud Examiner, Certified Information Systems Auditor, Certified Information Security Manager, Chartered Financial Analyst, Certified Public Accountant, Chartered Accountant, ACCA
• Excellent written and verbal communication skills in English. A good working knowledge of Arabic, French, and/or Spanish is an asset.

Competencies:

• Able to work efficiently in a well-structured, focused manner setting clear priorities.
• Excellent ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.
• Ability to think strategically and creatively.