Chief Treasury Branch (P5)

DEADLINE FOR APPLICATIONS

WFP celebrates and embraces diversity. It is committed to the principle of equal employment opportunity for all its employees and encourages qualified candidates to apply irrespective of race colour national origin ethnic or social background genetic information gender gender identity and/or expression sexual orientation religion or belief HIV status or disability.

ABOUT WFP

The World Food Programme is the worlds largest humanitarian organization saving lives in emergencies and using food assistance to build a pathway to peace stability and prosperity for people recovering from conflict disasters and the impact of climate change.

At WFP people are at the heart of everything we do and the vision of the future WFP workforce is one of diverse committed skilled and high performing teams selected on merit operating in a healthy and inclusive work environment living WFPs values (Integrity Collaboration Commitment Humanity and Inclusion) and working with partners to save and change the lives of those WFP serves.

To learn more about WFP visit our website: follow us on social media to keep up with our latest news: YouTube LinkedIn Instagram Facebook Twitter TikTok.

WHY JOIN WFP

• WFP is a 2020 Nobel Peace Prize Laureate.

• WFP offers a highly inclusive diverse and multicultural working environment.

• WFP invests in the personal & professional development of its employees through a range of training accreditation coaching mentorship and other programs as well as through internal mobility opportunities.

• A career path in WFP provides an exciting opportunity to work across the various country regional and global offices around the world and with passionate colleagues who work tirelessly to ensure that effective humanitarian assistance reaches millions of people across the globe.

• We offer an attractive compensation package (please refer to the Terms and Conditions section of this vacancy announcement).

ORGANIZATIONAL CONTEXT

The Treasury Branch ensures sound financial management that enables WFP to advance toward Zero Hunger. The Branch manages WFPs financial resources and ensures that cash flow is available to meet operational requirements while protecting the security of cash holdings optimizing returns and minimizing exposure to risk. Operating at multiple levels the team oversees corporate liquidity manages a portion of WFPs working capital maintains bank accounts and supervises external investment managers. These processes have a direct impact in the field most notably through cash replenishments foreign exchange transactions and counterparty risk management.

THE ROLE

The position provides leadership in steering the WFPs treasury management to ensure that cash flow is effectively managed to meet WFPs operational requirements while maintaining the security of WFPs cash resources optimising the returns on those resources and minimizing exposure to risks.

KEY ACCOUNTABILITIES (not all-inclusive within delegated authority):

Under the general supervision and guidance of the Director Financial Operations Service the Chief supervises the WFP Treasury Branch and will be responsible for the following key duties:

• Coordination of business processes & system in support of treasury activities and related transactional services.

• Identify build and maintain strategic partnerships and relationships with financial services providers and oversight on bank services providers used in field offices.

• Formulate manage and implement treasury change processes to maximize effectiveness and efficiency.

• Oversee WFPs foreign exchange management through identification and analysis of foreign exchange exposures development of foreign exchange risk mitigation strategies and monitoring the implementation of mitigation action plans.

• Management of WFPs in-house money market/deposits portfolio

• Oversee the investment of WFP funds that are held with external investment managers including establishment of guidelines and risk tolerance parameters.

• Monitoring the performance of external investment managers against established benchmarks.

• Preparation of proposals on investment strategy for the Financial Risk Management Committee Senior Management and the Investment Advisory Panel.

• Ensure the continuous delivery of best practice financial controls and insight into WFP performance overseeing periodic risks and internal control assessments to identify areas which may present potential audit compliance or financial risks

• Ensure that audit and compliance recommendations related to treasury processes are followed up and implemented.

• Lead motivate and coach a team of finance professionals and general service staff to enable continued development and high performance.

• Perform other duties as required.

QUALIFICATIONS AND EXPERIENCE

Education:Advanced University degree in Finance Business Administration Banking or Investment Management or First University degree in the same subject(s) with two additional years of related work experience. A Chartered Financial Analyst (CFA) certification or equivalent is highly desirable.

Experience: Minimum 11 years of postgraduate progressively responsible professional experience in treasury international cash management foreign exchange trading and/or investment management.

Language: Fluency (level C) in English language. Intermediate knowledge (level B) of a second official UN language: Arabic Chinese French Russian Spanish and/or Portuguese (a WFP working language).

MORE ABOUT YOU
You have:

• Solid understanding of multiple financial risks complex financial instruments and techniques used to evaluate external management performance and financial market regulatory issues.

• Demonstrated ability to manage high quality money market portfolios with established performance track record.

• Demonstrated track record in trading emerging and frontier market currencies.

• Solid understanding of international sanctions environment and ability to identify solutions across multiple jurisdictions.

• Ability to lead coach and motivate large and diverse teams and drive improving performance.

• Ability to assimilate and analyze complex issues to develop strategies and policies.

• Demonstrated ability to build and leverage external partnerships to strengthen ability to achieve shared objectives.

• Demonstrated knowledge of UN system policies rules regulations and procedures.

• Excellent written and oral communications skills.

• Strong and decisive performance mind-set with focus on getting results.

• Ability to prioritize work and handle multiple tasks within tight timeline.

• Ability to develop and maintain effective work relationships with different stakeholders.

• Excellent interpersonal skills with the ability to provide constructive feedback and to strengthen peoples capabilities.

WFP LEADERSHIP FRAMEWORK

WFP Leadership Framework guides to the common standards of behavior that guide HOW we work together to accomplish our mission.

Click here to access WFP Leadership Framework

REASONABLE ACCOMMODATION

WFP is committed to supporting individuals with disabilities by providing reasonable accommodations throughout the recruitment process. If you require a reasonable accommodation please contact:

NO FEE DISCLAIMER

The United Nations does not charge any application processing training interviewing testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee please disregard it. Furthermore please note that emblems logos names and addresses are easily copied and reproduced. Therefore you are advised to apply particular care when submitting personal information on the web.

REMINDERS BEFORE YOU SUBMIT YOUR APPLICATION

• All applications must be submitted exclusively through our online recruitment system. We do not accept CVs or spontaneous applications by email.

• If you experience challenges while submitting your online application please contact us at for technical support only.

• Please note that applications sent to this email address cannot be considered.

• We strongly recommend that your profile is accurate complete and includes your employment records academic qualifications language skills and UN Grade (if applicable).

• Once your profile is completed please apply and submit your application.

• Kindly note the only documents you will need to submit at this time are your CV and Cover Letter

• Additional documents such as passport recommendation letters academic certificates etc. may potentially be requested at a future time

• Only shortlisted candidates will be notified

All employment decisions are made on the basis of organizational needs job requirements merit and individual qualifications. WFP is committed to providing an inclusive work environment free of sexual exploitation and abuse all forms of discrimination any kind of harassment sexual harassment and abuse of authority. Therefore all selected candidates will undergo rigorous reference and background checks.

No appointment under any kind of contract will be offered to members of the UN Advisory Committee on Administrative and Budgetary Questions (ACABQ) International Civil Service Commission (ICSC) FAO Finance Committee WFP External Auditor WFP Audit Committee Joint Inspection Unit (JIU) and other similar bodies within the United Nations system with oversight responsibilities over WFP both during their service and within three years of ceasing that service.