Associate Treasury Officer(P1)

This selection exercise may be used to generate a roster of pre-approved candidates to address future staffing needs for similar functions in any of the Departments and Offices of the Organization.
IMPORTANT NOTICE REGARDING APPLICATION DEADLINE: Please note that the closing date for submission of applications is indicated in local time as per the time zone of the applicant's location.

Organizational Setting

The Division of Budget and Finance manages the financial resources essential for full implementation of the IAEA's scientific and technical programmes. The Division provides financial services and solutions for programme budgeting, treasury, payments, payroll, financial accounting and reporting to support the IAEA's mandate.The Finance and Accounting Section maintains and monitors all accounts for the IAEA, monitors and reports on the receipts of assessed and voluntary contributions, and prepares the IAEA's financial statements and other reports to the governing bodies and Member States and supports the control environment related to financial reporting. The Treasury Unit is responsible for the management of the IAEA's investments according to the approved investment guidelines. It ensures that an appropriate balance of cash is available to meet all financial obligations in the required currencies, conducts foreign currency dealings, manages banking relationships, performs bank transactions and records all cash receipts.

Main Purpose

Under the general guidance of the Treasurer, the Associate Treasury Officer provides analysis and day-to-day operational management of the IAEA's cash holdings, ensuring that funds are available to meet financial obligations including investment of excess cash, maintaining sufficient funds in current bank accounts, performing booking of treasury transactions (including investments and foreign exchange). This role ensures compliance of all investment ceilings, limits and credit ratings as per approved guidelines.

Role

The Associate Treasury Officer is: (1) a team member working together with other members of the Treasury unit to ensure accurate and timely processing of Treasury transactions in an effective manner and in compliance with established procedures and guidelines, (2) a contact point for colleagues in MTBF to gather data that is needed to estimate the liquidity requirements of the Agency, (3) an analyst reviewing on a daily basis the IAEA's cash position to ensure adequate liquidity and that all limits, ceilings and credit ratings are within the approved guidelines, and; (4) an innovator, looking for ways to improve the Treasury operations with the use of new technology and best practices in Treasury.

Functions / Key Results Expected

Contribute to the overall objective of the Treasury, namely, to ensure maximum benefit from the IAEA's holdings by planning the daily cash requirements of the IAEA and keeping only the optimal amount needed to pay daily expenditures on current accounts.
Retrieve and monitor daily cash positions as well as any other report requested by the Treasurer including the IAEA's exposure and compliance reports.
Perform the booking of treasury transactions in the system.
Keep abreast with the financial markets, monitor credit ratings and market-based indicators of the credits/issuers in which the IAEA invests its funds.
Make recommendations to the Treasurer on ways to improve the Treasury operations and contribute to document of all Treasury procedures.
Supports the Treasurer and the Associate Treasurer in preparing information for the Investment Committee and the auditors.
Work closely with the IT support teams to request changes and report problems and test solutions.

Competencies and Expertise

Core Competencies(Competency Framework)

NameDefinition CommunicationCommunicates orally and in writing in a clear, concise and impartial manner. Takes time to listen to and understand the perspectives of others and proposes solutions. Achieving ResultsTakes initiative in defining realistic outputs and clarifying roles, responsibilities and expected results in the context of the Department/Division’s programme. Evaluates his/her results realistically, drawing conclusions from lessons learned. TeamworkActively contributes to achieving team results. Supports team decisions. Planning and OrganizingPlans and organizes his/her own work in support of achieving the team or Section’s priorities. Takes into account potential changes and proposes contingency plans.

Functional Competencies

NameDefinition Analytical thinkingGathers and analyses information, identifying critical relationships and patterns among data and proposes workable solutions. Judgement/decision makingConsults with supervisor/manager and makes decisions in full compliance with the Agency’s regulations and rules. Technical/scientific credibilityAcquires and applies new skills to remain up to date in his/her area of expertise. Reliably applies knowledge of basic technical/scientific methods and concepts.

Asset Expertise

FunctionNameExpertise Description FinanceEnterprise Resource Planning (ERP) systemKnowledge of ERP (enterprise resource planning) preferably the Treasury module of Oracle, knowledge of electronic banking and proficiency in Excel, as well as standard software (MS Windows, Word, PowerPoint). FinanceFinancial AnalysisAbility to draft documents and prepare financial reports. FinanceFinancial TransactionsGood knowledge of investments/foreign exchange operations including their recording. FinanceInternational Public Sector Accounting StandardsKnowledge of IPSAS/accrual accounting.

Qualifications, Experience and Language skills

• Bachelor's degree in accounting, finance or business administration.
• Other - Chartered Financial Analyst (CFA) candidate would be an asset.
• Relevant experience gained in an international organization, financial institution, or corporate environment in cash management, investments, foreign exchange, banking, finance, or accounting — preferably at the international level — would be considered an asset.
• High level of integrity. Attention to detail and accuracy.
• High level of initiative and flexibility to adapt to a rapid changing Treasury environment.
• Fluency in both written and spoken English language. Knowledge of other official IAEA languages (i.e. Arabic, Chinese, French, Russian or Spanish) an advantage.

Remuneration

The IAEA offers an attractive remuneration package including a tax-free annual net base salary starting at US $43834 (subject to mandatory deductions for pension contributions and health insurance), a variable post adjustment which currently amounts to US $ 22794*, dependency benefits, rental subsidy, education grant, relocation and repatriation expenses; Other benefits include 6 weeks' annual leave, home leave travel, pension plan and health insurance. More information on the conditions of employment can be found at: https://www.iaea.org/about/employment/professional-staff/conditions

General Information

• The IAEA's paramount consideration in the recruitment of staff member is to secure employees of the highest standards of efficiency, technical competence and integrity.
• Staff Members shall be selected without any unfair treatment or arbitrary distinction based on a person's race, sex, gender, sexual orientation, gender identity, gender expression, religion, nationality, ethnic origin, disability, age, language, social origin or other similar shared characteristic or trait.
• The IAEA is committed to gender equality and to promoting a diverse workforce. Applications from qualified women and candidates from developing countries are strongly encouraged.
• Applicants should be aware that IAEA staff members are international civil servants and may not accept instructions from any other authority. The IAEA is committed to applying the highest ethical standards in carrying out its mandate. As part of the United Nations common system, the IAEA subscribes to the following core ethical standards (or values): Integrity, Professionalism and Respect for diversity.
• The IAEA has a zero-tolerance policy on conduct that is incompatible with the aims and objectives of the United Nations and the IAEA, including sexual harassment, abuse of authority and discrimination.

Evaluation process

• The evaluation of applicants will be conducted on the basis of the information submitted in the application according to the selection criteria stated in the vacancy announcement. Applicants must provide complete and accurate information. Evaluation of qualified candidates may include an assessment exercise, which may be followed by a competency-based interview.
• Candidates under serious consideration for selection may be subject to reference and background checks as part of the recruitment process.

Appointment information

• Appointment is subject to a satisfactory medical report.
• Staff members may be assigned to any location.
• Candidates appointed to posts in the Professional and higher categories are subject to IAEA rotation policy and their maximum tour of service shall normally be seven years.
• The IAEA retains the discretion not to make any appointment to this vacancy, to make an appointment at a lower grade or with a different contract type, or to make an appointment with a modified job description or for shorter duration than indicated above.