International Fund for Agricultural Development (IFAD)Organizational SettingThe 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.Job RoleThe Risk Officer reports to the Lead Financial Risk Officer and works under the overall strategic guidance of the Director Chief Risk Officer of RMO.
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 supports 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 ResultsRISK 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, and 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 as well as standards and techniques.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 understands and contributes in applying the principles of change management and proactively serves as a role model for transformation and positive change.MANAGERIAL FUNCTIONS: The Risk Officer is accountable for integrity, transparency, and equity in the personal use of assigned IFAD resources, including equipment, supplies and, as applicable, staff supervised.Key Performance IndicatorsRisk Officers work in an independent and rigorous risk management function and are accountable, under the Lead Officer supervision, for producing various reports to stakeholders and others interested in the activities of the Fund.Working RelationshipsInternally, Operational Risk Officers are the Fund's technical experts.
Contacts extend throughout the organization and include Country Office staff, internal audit officers and evaluation officers.Job Profile RequirementsLevel 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.Managing time, resources and information - Manages own time, information and resources effectively.Problem-solving and decision-making.
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