Treasury Payments Officer (m|f|x) Vienna

Tasks

The Treasury Payments Officer is responsible for managing and executing all global banking payment operations and maintaining excellent working relationships with the Fund’s counterparty banks, in accordance with the institutional strategy and framework, to ensure efficient, timely, and cost-effective payment solutions for the Fund’s operational payment activities. The Officer supports the Senior Officer and the Director of Financial Controls in carrying out payment-related activities, as well as financial reporting and monitoring.

Banking Activities

• Executes the OPEC Fund’s global loan disbursement and administrative payment activities in multiple currencies through the Fund’s house bank accounts within established organizational service-level timelines
• Ensures the efficient and accurate implementation of payment amendments
• Executes payment instructions resulting from Treasury operations in accordance with the Fund’s strategy and framework
• Ensures compliance with external payment cut-off times and banking requirements to ensure smooth settlement
• Supports trading operations in securities, derivatives, futures, foreign exchange, and deposit placements within approved rules, procedures, and guidelines, and carries out corresponding settlement activities, trade confirmations, and necessary accounting procedures

Banking Relationship Management

• Opens new house bank cash accounts based on the OPEC Fund’s requirements
• Maintains effective working relationships with house banks to resolve payment rejections, settlement issues, and operational inquiries
• Assists in maintaining bank account information, payment mandates, and authorized signatory records
• Monitors the quality of service provided by house banks and escalates recurring operational issues

Cash and Collateral Management

• Monitors house bank accounts to ensure sufficient liquidity for the Fund’s operational and disbursement requirements
• Collaborates with Treasury on liquidity requirements for non-Treasury transactions related to loan disbursements and administrative payments.
• Executes and oversees collateral settlement processes, including collateral receipts and returns, interest payments, and associated liquidity transfers, ensuring compliance with Risk Management guidelines.

Reporting

• Supports Finance reporting activities by reconciling house bank accounts and providing daily updates on cash and collateral positions, as well as information on related OPEC Fund payment activities
• Conducts ongoing market research on banking products and makes recommendations as appropriate
• Supports internal and external audit activities by providing payment documentation and responding to audit inquiries.

Monitoring and Coordination

• Monitors SWIFT activity on a daily basis and takes the necessary actions requested by the OPEC Fund
• Provides support for the Relationship Management Application (RMA) arrangements with partner institutions
• Coordinates with the Loan Management function and house banks to resolve issues related to debit payments and repayments

Systems and Payment Platforms

• Operates treasury management systems, enterprise resource planning systems, and electronic banking platforms to initiate and monitor payments
• Supports system upgrades, user acceptance testing (UAT), and the implementation of new IT-related initiatives
• Supports process improvement initiatives aimed at enhancing the efficiency, accuracy, and control of payment operations, including through technology, automation, and standardized procedures

Profile / Your qualification / Your personality

• Master’s degree in Finance, Accounting and Control, Business Administration, Public Administration, or a (closely) related field, with a minimum of 5 years of relevant professional experience, including 2 years at a leading international bank, multilateral development bank, or international financial institution.
• Or a bachelor’s degree in Finance, Accounting and Control, Business Administration, Public Administration, or a (closely) related field, with a minimum of 10 years of relevant professional experience, including 2 years at a leading international bank, multilateral development bank, or international financial institution; Candidates with ICMA, ACI FMA, or similar professional certifications are welcome to apply.
• Experience with cash correspondent models and custodians, with a focus on emerging markets
• Proficiency in SWIFT, securities transactions, cash management, collateral management, and treasury management systems. Practical experience with Calypso is considered an asset.
• Demonstrate the ability to respond effectively to clients’ inquiries, requests, and needs
• Demonstrate the ability to identify operational risks and issues and recommend practical solutions.
• A proactive approach to process improvement, efficiency enhancement, and automation opportunities
• Fluent in English. Good working knowledge of Arabic, French, or Spanish is an added advantage.
  
• Collaboration and Teamwork—Ability to collaborate effectively with colleagues, stakeholders (internal and external), and partners from diverse backgrounds, cultures, and perspectives to achieve shared goals.
• Effective Communication—Ability to articulate ideas and information clearly and persuasively across various channels and audiences, integrate best practices in communication, and ensure messages are tailored, culturally sensitive, and impactful, while promoting active listening and feedback mechanisms.
• Results-Orientation—Ability to effectively achieve results through proactive ownership, decisive action, and strategic planning, ensuring that goals are met within specified timeframes and in alignment with the OPEC Fund’s strategic direction
• Learning Agility and Adaptability—The ability to quickly learn, unlearn, and adapt to changing circumstances and emerging challenges, with a commitment to continuous growth by embracing new ideas and technologies, updating functional expertise, and fostering organizational resilience
• Stakeholder and Impact Focus — The ability to prioritize and address the needs and expectations of diverse stakeholders to achieve sustainable impact through stakeholder mapping, ensuring effective relationship management, transparent and timely communication, and aligning their contributions with the OPEC Fund’s mission to deliver long-term, positive outcomes
• Accountability—The ability to take responsibility for one’s actions, decisions, and their outcomes, demonstrating integrity and reliability, adhering to established internal controls, setting clear expectations, and maintaining a high standard of ethical behavior.

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Location

Parkring 8, AT-1010 Vienna