Treasurer & Director – D1

  • Company:
    TN Italy
  • Location:
  • Salary:
    negotiable / month
  • Job type:
  • Posted:
    12 hours ago
  • Category:
    Business / Mgmt

international fund for agricultural development ifad
Rome, Italy
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Company presentation
The International Fund for Agricultural Development (IFAD) is an international financial institution and a specialized United Nations agency dedicated to eradicating rural poverty and hunger. It does so by investing in rural people. IFAD finances programmes and projects that increase agricultural productivity and raise rural incomes, and advocates at the local, national and international level for policies that contribute to rural transformation.
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Organizational context
The International Fund for Agricultural Development (IFAD) is an international financial institution and a specialized United Nations agency dedicated to eradicating rural poverty and hunger. It does so by investing in rural people. IFAD finances programmes and projects that increase agricultural productivity and raise rural incomes, and advocates at the local, national and international level for policies that contribute to rural transformation.
Posts organizational accountability
The Financial Operations Department (FOD) is responsible for IFADs treasury operations, financial management of IFAD assets, accounting and controllership and financial risk management. FOD ensures that internal and external financial resources are efficiently, economically and effectively managed to allow the Fund to achieve its objectives and to deliver on its development commitments while ensuring financial sustainability.
IFADs Treasury Services Division (TRE), within the Financial Operations Department, is mandated to: safeguard IFADs resources through management of investment and cash operations with the aim to preserve capital and maximize returns within the provisions of IFADs Financial Regulations; formulate and implement investment and cash operations strategies and policies; ensure prompt availability of cash for IFAD operations through prudent liquidity management; oversee the integrity of the Funds daily investment and cash operations in line with corporate risk management standards, including extra budgetary funds, hosted entities and trust funds and mobilize borrowed resources from sovereign and private investors.
The Treasurer/Director serves on IFADs Senior Management Team, manages and oversees the tasks mandated to TRE. The main focus of Director positions is strategic leadership, innovation and management. The accountabilities / key results include:
Vision and Strategic Planning
Financial Policy Development and Advice
Programme and Financial Management
Agent of Change
Resource Management
The Treasurer/Director works under the strategic, policy and management guidance and leadership of the Chief Financial Officer (CFO)/Associate Vice President, FOD and is responsible for managing and supervising the delivery of the TREs work programme of its four units (Investment Management, Financial Planning, Modelling and Middle Office, Funding and Treasury Client Solutions and Cash Management).
Key results expected / Major functional activities
1. VISION AND STRATEGIC PLANNING: The Treasurer/Director develops, oversees, and promotes a strategic vision translating IFADs corporate and departmental mandates, strategies, goals and objectives with the ultimate responsibility to execute and deliver the divisional work programme, and for ensuring evolving divisional programme activities are integrated in the evolution of departmental goals and objectives. S/He participates in the design of IFADs and departmental strategic approaches and ensure that corporate strategies are fully integrated in the design of assigned activities. S/He sets and communicates clear strategic and operational objectives and is held accountable for the division being seen as a credible and trusted partner in managing for results and as an innovator in its field.
2. FINANCIAL POLICY DEVELOPMENT AND ADVICE: The Treasurer/Director provides leadership in the development and interpretation of major policies, regulations and rules, and systems that govern the work of TRE and ensure they support divisional goals and objectives within the overall Fund mandates and strategies. S/He also serves as trusted business / programme advisor with a significant role in authoritative policy advice within the Fund at the senior management level as well as in policy dialogue in their representational activities.
S/He provides advice to management and the governing bodies on financial and treasury operations principles and policy issues, proactively recommending, as appropriate, mandatory and preferred changes in line with the best practices of the international financial markets and among international financial institutions to meet the evolving internal and external financial reporting needs and investment needs of the Fund. The Treasurer/Director provides authoritative advice, pertaining to the assigned function, on UN Financial Regulations and Rules including on financial interpretations, adaptations, internal controls and corrective actions to ensure proper safeguards over the financial assets of the Fund.
3. PROGRAMME MANAGEMENT: The Treasurer/Director provides leadership in (a) all phases of the divisions mediumterm planning and management, including operational requirements such as (i) establishing annual work plans, (ii) ensuring regular programme assessment and (iii) identifying opportunities for innovation and implementation of best practices generated within the Fund as well as in peer organizations, both private and public; (b) reviewing and innovating core processes of the division in order to achieve better efficiency and effectiveness, as well as financial sustainability, of operations; (c) enhancing synergy among divisional staff and holding staff accountable for results and (d) ensuring the preparation of all divisional publications, reports and governing body documents.
4. FINANCIAL MANAGEMENT: The Treasurer/Director controls, directs and administers a complete Treasury function within the IFAD corporate finance system. S/He is responsible for maintaining a system of policies and procedures that impose an adequate level of control over treasury activities, forecasting cash flow positions, managing related borrowing needs and liquidity funds available for investment and overall use of hedging to mitigate related financial risks, mobilize borrowed resources from sovereign and private investors and maintain banking and credit rating agency relationships jointly with other IFAD Divisions.
Within the context of IFADs financial architecture transformation, the Director/Treasurer and the units within TRE will be responsible for the implementation and execution of a number of transformational initiatives. Principal accountabilities include: Coordinate the formulation of policies, strategies and approaches for managing financial resources within adequate liquidity and capital levels. Some key initiatives include:
Lead update of a new liquidity policy.
Manage Integrated Borrowing Framework including all sources of borrowing.
Lead and implement the update to new Asset Liability Management (ALM).
Develop IFADs cost of capital methodology within a new financial model that drives IFADs new capital planning taking into consideration capital adequacy and ALM framework.
Provide strategic guidance and oversee new financial product development activities, including private sector business, collaborating with other Departments in the expansion of IFADs product offering to its borrowing countries.
Lead and coordinate internally with internal stakeholders throughout IFADs borrowing negotiations, both sovereign and private borrowers, including drawdown strategy.
Contribute to the update of IFADs Risk Appetite Statement and Risk Dashboard.
Collaborate with IFADs ICT Division and contribute to the implementation of new systems across FOD.
Ensure outputs produced by the TRE maintain highquality standards and that reports are clear, objective and based on comprehensive data through a robust and integrated data management strategy.
The Treasurer/Director takes the lead for TRE on matters pertaining to the Audit Committee of the Executive Board including and clearing/reviewing Audit Committee documents, as well as other Governing Body documents.
5. AGENT OF CHANGE: The Treasurer/Director understands and applies the principles of change management and proactively serves as a role model for transformation and capacity for acceptance of change. S/He manages change through consultations with interorganizational and internal finance colleagues, IFAD executive management and outreach to client offices to build understanding of, and to ensure, open and regular communications pertaining to current and planned changes in the Funds financial standards, regulations and rules
6. RESOURCE MANAGEMENT: Treasurer/Director is accountable for integrity, transparency and equity in the management of IFAD resources (human, financial and material). This includes:
People Management through workforce planning, recruitment, performance management of Professional and General Service staff:
Identifies the best qualified candidates for vacancies, with appropriate regard for diversity.
Motivates, coaches and supports staff of the Division to achieve common divisional goals and objectives.
Manages staff performance via regular performance feedback, mentoring and coaching, and career planning.
Material Resource Management.
Knowledge and Content Management.
Impact of Key results / Key performance indicators
Within IFADs overall Strategic Framework and Medium Term Plan, the Treasurer/Director establishes IFADs priorities for and provides leadership to division level programme and operational management activities and is accountable for a resultsbased approach to meeting assigned goals and objectives. Leadership activities include the optimum utilization of human, financial, technology and material resources for the achievement of greater efficiency and effectiveness. The incumbents impact extends beyond the successful achievement of divisional goals and objectives to include larger departmental goals and objectives in strategic planning collaboration. The expected results directly and/or indirectly benefit the ultimate stakeholders, the rural poor in developing countries.
The key performance indicators for the Treasurer/Director include leadership in viable strategic planning, authoritative and relevant policy development and advice, sustainable programme decisions and integrity and accountability in the planning and management of the Funds human, financial and material resources assigned to the division.
Representation / Work relationships
Within IFAD, the Treasurer/Director provides authoritative advice to senior management on the divisions vision, strategic planning, policy, and divisional programme and operational management. S/He are accountable for collaboration and coordination within the Fund to ensure appropriate consultation, crossfunctional synergy and coordination of programme planning and activities, and advocate for accountability and integrity in the allocation and management of the Funds financial resources. Contacts extend throughout the organization and include Country Office management, internal auditors and evaluation specialists. The Treasurer/Director provides oversight, coordination, and performance management of the three units currently in place within TRE. S/He also liaises internally in the Financial Operations Department with the Financial Management Division and the Financial Controller Division on cross functional matters and activities, in addition to accompanying or representing the CFO on engagements with other Departments within IFAD as required.
Externally, the Treasurer/Director develops strategic partnerships and collaborative relationships with counterparts spanning a broad range of institutions including borrowers, bilateral and multilateral development agencies, UN agencies, funds and programmes, IFls, nongovernmental organizations and academic institutions for the purpose of programme cooperation, knowledge sharing, policy dialogue and/or resource mobilization. S/He is also accountable for the provision of authoritative advice during Executive Board sessions, the annual Governing Council and related subordinate bodies including the audit and evaluation committees.
The Treasurer/Director represents the Fund in official United Nations committees and networks, and in international financial institution, multilateral and bilateral meetings, symposia, fora and conferences upon request of the President, and builds organizational networks with peers in major private, public and international financial institutions.
Strategic thinking and organizational development: Strategic leadership (Level 2).
Demonstrating Leadership: Leads by example; initiates and supports change (Level 2).
Learning, sharing knowledge and innovating: Challenges, innovates and contributes to a learning culture (Level 2).
Focusing on clients: Contributes to a clientfocused culture (Level 2).
Problem solving and decision making: Solves complex problems and makes decisions that have wider corporate impact (Level 2).
Managing time, resources and information: Coordinates wider use of time, information and/or resources (Level 2).
Team Work: Fosters a cohesive team environment (Level 2).
Communicating and negotiating: Acquires and uses a wide range of communication styles and skills (Level 2).
Building relationships and partnerships: Builds and maintains strategic partnerships internally and externally (Level 2).
Managing performance and developing staff: Manages wider teams with greater impact on others and on the organization (Level 2).
Strong background in fixed income and portfolio/investment management, including knowledge of derivative products, capital adequacy and loan pricing.
Ability to lead and to advise on a wide range of financial issues, from pricing methodologies in financial institutions, portfolio management, cash management and Treasury operations.
Demonstrated ability to communicate effectively in a diverse organization tailoring language, tone, style and format to match audience.
Oversee the implementation of process and system enhancements, data management strategy accuracy and analysis capabilities related to Treasury risk, cost of capital and loan pricing, liquidity, capital adequacy and asset liability related projects, including back office/cash management, and capital markets funding operations.
Experience in resource mobilization, in terms of both donor contributions and borrowing.
Experience in developing innovative financial products and establishing a financial risk architecture within a private or public international financial institution and/or development finance agency is highly desirable.
Demonstrated experience in leading interactions with international credit rating agencies and sovereign loan borrowers is an advantage.
Minimum recruitment qualifications
Advanced university degree from an accredited institution in finance, business administration, or other technical related area. An advanced university degree may be substituted by a first university degree (Bachelor or equivalent) plus at least four additional years of relevant professional experience, over and above the minimum number of years of experience.
Professional certifications (such as Chartered Financial Analyst [CFA]) or other job related field is an advantage.
At least twelve (12) years of progressively responsible professional and managerial experience in treasury, investments or other financial management operations in a multilateral development bank or international financial institution, investment bank or development finance agency.
Strong network among other multilateral development financial institutions is preferred.
Language requirements:
Excellent written and verbal communication skills in English. Working knowledge of another official IFAD language (Arabic, French, or Spanish) is desirable.
Other information
Applicants should note that IFAD staff members are international civil servants subject to the authority of the President of IFAD, and they may be assigned by him/her to any of the activities of IFAD, including field assignments and/or rotation within IFAD. In accordance with IFADs Human Resources Policy, staff members are subject to the authority of the President who can decide to assign them to any of the activities of the Fund. All International Professional staff members are required to be geographically mobile and positions in the professional category are subject to changes in location at any time in line with strategic priorities and reform initiatives in IFAD. 
In the interest of making most cost effective use of funds and resources, we are only able to respond to applicants who are shortlisted for interview. Candidates who do not receive any feedback within three months should consider their application unsuccessful. 
Candidates may be required to take a written test and to deliver a presentation as well as participate in interviews.
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