Nonprofit/Community/Social Services/International Cooperation Role: Other
Date of last update: 2024-09-16 (Expiry date: 2024-10-14 )
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.
The Office of the President and Vice-President of IFAD (OPV) oversees the Corporate Services Support Group (CSSG) and supervises the Protocol Unit. The CSSG comprises the: (a) Office of the General Counsel (LEG); (b) Office of Audit and Oversight (AUO), reporting to the President; (c) Office of Strategic Budgeting (OSB); (d) Quality Assurance Group (QAG); (e) Change, Delivery and Innovation Unit (CDI); (f) Office of Enterprise Risk Management (RMO), reporting to the Vice-President; and (g) Ethics Office (ETH), a stand-alone unit reporting administratively to the Vice-President.
The Office of Enterprise Risk Management (RMO) is a dynamic, strategic, and responsive service provider, leading IFAD's second line of defense by fully supporting the management of all risks across the organization. The RMO implements, monitors, and maintains an efficient and effective Enterprise Risk Management programme, supporting IFAD's strategic vision and mandate.
The Risk Officer reports to the Lead Financial Risk Officer and works under the overall strategic guidance of the Director & Chief Risk Officer of RMO.
Job Role
Risk Officers at this level are seasoned professionals reflecting an in-depth, broad understanding of applicable regulations, standards, and methods as well as IFAD's financial regulations, rules, and transactional procedures in one or more financial risk occupations including but not limited to asset liability management and capital adequacy.
Position specifics: The Risk Officer (Finance) supports the mission of IFAD by providing sound advice on financial risk policy and management practices that support effective, risk-based decision-making. The incumbent assists the Director & Chief Risk Officer and the Lead Financial Risk Officer in making effective risk-based decisions to achieve the strategic goals of the Fund.
Key Functions and Results
RISK BUSINESS PARTNER: The Risk Officer is a credible, trusted partner to the client offices served and the Department/Division/Unit where assigned. The incumbent supports the Fund's risk strategy and plans, as well as models a commitment to financial integrity by acting as a responsive and constructive service provider with a focus on results.
FINANCIAL MANAGEMENT: The Risk Officer interprets and applies a broad range of industry best practices, international and IFAD financial policies, rules, and regulations. Activities may include maintaining the financial procedures relating to the assigned operation and preparing information for internal financial and risk reporting.
PARTNERSHIP BUILDING: Risk Officers contribute to the development of financial and risk policies through simulations and enhancement of financial models.
AGENT OF CHANGE: The Risk Officer contributes to change, working with the manager in consulting inter-organizational and internal risk management colleagues.
MANAGERIAL FUNCTIONS: The Risk Officer is accountable for integrity, transparency, and equity in the personal use of assigned IFAD resources.
Key Performance Indicators
Risk Officers work in an independent and rigorous risk management function and are accountable for producing various reports to stakeholders and others interested in the activities of the Fund.
Working Relationships
The Risk Officer may represent the unit to which assigned on related matters at internal and external meetings and conferences as requested by the supervisor.
Job Profile Requirements
Level 1:
Building relationships and partnerships - Builds and maintains effective working relationships.
Communicating and negotiating - Communicates effectively; creates understanding between self and others.
Demonstrating leadership - Personal leadership and attitude to change.
Focusing on clients - Focuses on clients.
Learning, sharing knowledge, and innovating - Continuously seeks to learn, shares knowledge & innovates.
Managing performance and developing staff - Manages own time, information, and resources effectively.
Problem-solving and decision-making - Demonstrates sound judgment.
Type of contract: Staff (Permanent and Fixed Term)
Duration: 2 years
Level of experience: Senior Professional, more than 5 years
Type of organisation: Multilateral Organisations
IFAD is an Equal Opportunity Employer and does not discriminate on the basis of ethnic, social or political background, colour, nationality, religion, age, gender, disability, marital status, family size or sexual orientation.
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