Finance Officer

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The length of appointment for internal FAO candidates will be established in accordance with applicable policies pertaining to the extension of appointments.
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• FAO is committed to achieving workforce diversity in terms of gender, nationality, background and culture • Qualified female applicants, qualified nationals of non-and under-represented Members and persons with disabilities are encouraged to apply • Everyone who works for FAO is required to adhere to the highest standards of integrity and professional conduct, and to uphold FAO's values
• FAO, as a Specialized Agency of the United Nations, has a zero-tolerance policy for conduct that is incompatible with its status, objectives and mandate, including sexual exploitation and abuse, sexual harassment, abuse of authority and discrimination • All selected candidates will undergo rigorous reference and background checks • All applications will be treated with the strictest confidentiality • FAO staff are subject to the authority of the Director-General, who may assign them to any of the activities or offices of the Organization. The Food and Agriculture Organization of the United Nations (FAO) contributes to the achievement of the 2030 Agenda through FAO Strategic Framework by supporting the transformation to MORE efficient, inclusive, resilient and sustainable agrifood systems, for better production, better nutrition, a better environment, and a better life, leaving no one behind.
* Organizational Setting The Finance Division (CSF) recommends and administers financial policies and procedures that meet the highest professional standards; keeps accounts that accurately record financial activities and meet the requirements of internal and external audits; prepares reports to accurately portray the financial status of the Organization and its activities; ensures that the Organization's financial resources are securely kept and productively employed while in FAO's custody; oversees financial operations wherever performed in the Organization; and ensures that all disbursements are timely and made in accordance with established policies and procedures.
The post is located in the Treasury and Banking Operations Branch (CSFT) of the Finance Division (CSF) at FAO headquarters in Rome, Italy. CSFT manages the Organization's liquidity, providing oversight to externally managed investment portfolios and enables FAO's operations through the maintenance of FAO's banking partnerships and operations and execution of foreign exchange operations.
Reporting Lines
The Finance Officer (Treasury and Investment) reports to the Senior Finance Officer/Head of Treasury and Banking Operations Branch, Finance Division.
Technical Focus
The Finance Officer (Treasury and Investment) is responsible for supporting the daily activities of the Treasury and Banking Operations Branch, Finance Division.
Key Results
The planning and delivery of financial services in accordance with internal policies, UN financial guidelines and International Public Sector Accounting Standards (IPSAS).
Key Functions
• Leads and/or participates in Finance Division teams, participates and provides financial expertise on Organization-wide committees or working groups, and/or supervises staff.
• Supervises, oversees and/or contributes to the delivery of financial reporting, general accounting, project accounting, and/or investment activities/services in accordance with FAO policies and regulatory framework.
• Develops and updates the supporting operational, policy, accounting, control and/or risk management frameworks, involving the implementation of the latest approaches and methodologies, streamlined business processes, new/revised financial policies, and related tools, systems, technologies and related procedures.
• Analyses financial information for inclusion in statutory reports, management reports, financial statements, and/or reports to donors as well as other specific reports for Governing Bodies, donors and other partners.
• Responds to requests for assistance and provides financial and regulatory advice and assistance to managers at headquarters and the Decentralized Offices.
• Develops effective working relationships and resolves problems with banks, other financial institutions, donors, partners, and UN financial executives as well as provides information/clarification to auditors.
• Promotes best practices and capacity development at headquarters and Decentralized Offices, leads and/or participates in training and the development of related training materials.
Specific Functions
• Participates in the selection, implementation and oversight of external asset managers, custodians and other financial service providers. Participates in the negotiation of investment manager agreements and detailed guidelines.
• Manages the relationship with asset managers and custodians and provides oversight on compliance, performance and risk measurements.
• Manages FAO's foreign exchange positioning.
• Liaises with FAO's leading banking and foreign exchange counterparties and the UN common system on Treasury related matters.
• Oversees all relevant exposures to markets, foreign exchange, credit, counterparty, settlement and liquidity risk resulting from Treasury activities and generates reports for FAO stakeholders.
• Conducts investment analyses as required to enable the Investment Committee to make sound decisions.
• Manages the day-to-day cash flow of the Organization, ensuring proper liquidity in FAO's principal operating currencies.
• Establishes and ensures adherence to approved operational procedures, recommending any required changes to Senior Management and the Investment Committee as required.
• Deputizes for the Senior Finance Officer/Head of Treasury and Banking Operations Branch as required.
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CANDIDATES WILL BE ASSESSED AGAINST THE FOLLOWING Minimum Requirements
• Advanced university degree in accounting, finance, business administration or a related field and seven years of relevant experience in finance, accounting and/or business analysis OR a first level university degree in accounting, finance, business administration or a related field and nine years of relevant experience in similar fields and completion of a professional qualification in accountancy (Chartered Accountant [CA], Certified Public Accountant [CPA], Association of Chartered Certified Accountants [ACCA]) or the investment profession (Chartered Financial Analyst [CFA], Financial Risk Manager [FRM]).
• Working knowledge (proficient - level C) of English and limited knowledge (intermediate - level B) of another official FAO language (Arabic, Chinese, French, Russian or Spanish).
Competencies
• Results Focus
• Teamwork
• Communication
• Building Effective Relationships
• Knowledge Sharing and Continuous Improvement
Technical/Functional Skills
• Extent and relevance of experience in banking, asset management or treasury management.
• Extent and relevance of experience using specific risk packages including but not limited to Bloomberg, Alladin, MSCI Barra, MSCI ESG Manager, 360T, Sustainalytics.
• Work experience in more than one location or area of work, particularly in field positions.
• Excellent computer skills and ability to analyse problems and develop effective, practical solutions.
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FAO staff are expected to adhere to FAO Values of Commitment to FAO, Respect for All and Integrity and Transparency.
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GENERAL INFORMATION Extension of fixed term appointments is based on certification of performance and availability of funds FAO reserves the right not to make an appointment. Appointment will be subject to certification that the candidate is medically fit for appointment, accreditation, any residency or visa requirements, and security clearances. CONDITIONS OF SERVICE
A competitive compensation and benefits package is offered. For information on UN salaries, allowances and benefits, click on the following link:
Other benefits, subject to eligibility, include:
•Dependency allowances
•Rental subsidy
•Education grant for children
•Home leave travel
•30 working days of annual leave per year
•Pension fund entitlements under the UN Joint Staff Pension Fund
•International health insurance; optional life insurance
•Disability protection FAO encourages a positive workplaceculture to increase inclusivity and diversity within its workforce.FAO applies measures in which all staff members contribute equally and in full to the work and development of the Organization. This includes:
•elements of family-friendly policies
•flexible working arrangements
•standards of conduct.
_________________________________________________________________________________________________ *______________________________________________________________________________________________________ HOW TO APPLY • To apply, visit the recruitment website at Jobs at FAO and complete your online profile. We strongly recommend that your profile is accurate, complete and includes your employment records, academic qualifications, and language skills
•Candidates are requested to attach a letter of motivation to the online profile
•Once your profile is completed, please apply, and submit your application
•Please note that FAO only considers higher educational qualifications obtained from an institution accredited/recognized in the World Higher Education Database (WHED), a list updated by the International Association of Universities (IAU) / United Nations Educational, Scientific and Cultural Organization (UNESCO). The list can be accessed at
•Candidates may be requested to provide performance assessments and authorization to conduct verification checks of past and present work, character, education, military and police records to ascertain any and all information which may be pertinent to the employment qualifications
•Incomplete applications will not be considered
•Personal information provided on your application may be shared within FAO and with other companies acting on FAO's behalf to provide employment support services such as pre-screening of applications, assessment tests, background checks and other related services. You will be asked to provide your consent before submitting your application. You may withdraw consent at any time, by withdrawing your application, in such case FAO will no longer be able to consider your application
•Only applications received through the FAO recruitment portal will be considered
•Your application will be screened based on the information provided in your online profile
•We encourage applicants to submit the application well before the deadline date.
If you need help or have queries, please create a one-time registration with FAO's client support team for further assistance:
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