Treasurer
Copenhagen
- Organization: UNOPS - United Nations Office for Project Services
- Location: Copenhagen
- Grade: Senior level - P-5, International Professional - Internationally recruited position
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Occupational Groups:
- Banking and Finance
- Closing Date: 2025-04-15
Functional Responsibilities
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Financial Planning and Management
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Investment Management
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Cashflow and Liquidity
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Risk and Compliance Management
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Reporting and Analysis
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Team Leadership
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Knowledge Management
Financial Planning & Management
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Develop and implement strategies for the organization’s treasury operations, including cash management, liquidity forecasting, and financial risk management.
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Provide recommendations to senior management on financial planning, resource allocation, and fiscal policies, ensuring financial stability and sustainability.
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Supervise the preparation and management of the financial budget for the treasury function and ensure alignment with operational needs and strategic goals.
Investment Management
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Oversee the management of the organization’s investments, ensuring optimal performance and in compliance with UNOPS investment policies, ethical standards and strategic goals.
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Regularly assess the performance of investment portfolios and adjust strategies based on market conditions and risk tolerance.
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Recommend, coordinate and direct efforts with external investment managers among multiple asset classes and oversee their investment management practices and performance.
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Under the guidance of the CFO, lead in the sourcing of managers, custodians and other required providers to manage mandates and evaluate constantly their performance and alignment to UNOPS policies, mission and values.
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Lead the Investment Advisory Committee (IAC) Secretariat supporting FG leadership, Executive/Deputy Executive Director engagement, and the implementation of IAC advice.
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Develop, review, update and recommend for approval, investment policies, procedures, systems and instructions in conjunction with the other relevant business units in response to business requirements and as required to improve and promote the investment and liquidity management.
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Manage and oversee the financial business processes mapping and elaboration of the content of internal standard operating procedures and use of ERP to ensure proper management of treasury by UNOPS personnel and the timely flow of financial information in UNOPS for management, monitoring and oversight purposes.
Cash Flow & Liquidity
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Monitor cash flows, ensuring adequate liquidity for day-to-day operations while optimizing the use of available funds.
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In coordination with the leadership of the BSCC, ensure secure, timely and accurate processing of payments, disbursements, and receipts.
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Provide oversight of the banking relationships, mandates and coordinate with banks and financial institutions to manage accounts and ensure proper liquidity.
Risk & Compliance Management:
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Ensure compliance with all relevant financial regulations, internal controls, and audit requirements.
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Ensure that all investments are in line with the organization's risk tolerance and investment objectives
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Evaluate and manage financial risks related to currency fluctuations, market changes, and credit exposure.
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Ensure adherence to accounting standards (IPSAS) and UNOPS financial regulations and rules.
Reporting & Analysis:
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Oversee the preparation and lead the presentation of detailed financial reports for senior management, donors, and other stakeholders.
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Ensure the accuracy and integrity of financial data and provide analysis on financial trends, forecasting, and variances.
Team Leadership
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Establish the annual work plan for the Treasury in collaboration with the Deputy CFO and stakeholders. Set objectives, performance measurements, standards and results expected.
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Monitor implementation of the team’s annual work plan, oversee progress and ensure delivery of results as planned and according to expectation.
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Promote teamwork and collaboration by providing the team with clear direction, objectives and guidance to enable them to perform their duties responsibly, effectively and efficiently.
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Plan, recruit and develop a flexible workforce with the skills and competencies needed to ensure optimum performance and ensure gender and geographical diversity.
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Foster a positive work environment, respectful of all, and ensure that the highest standards of conduct are observed.
Knowledge Management
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Establish processes and tools for managing and enhancing the planning and execution of Treasury activities at UNOPS.
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Promote continuous improvement in financial operations, systems and processes.
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Drive continuous improvement in Treasury operations, systems and processes through sharing examples and development of new tools.
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Lead consolidation and dissemination of lessons learnt and best practices in change management in Treasury activities.
Impact of Results: The Treasures provides for financial stability and sustainability in the liquidity and balance sheet strength of UNOPS in order for the organisation to deliver on its mandate. This further allows UNOPS to build trust with donors, partners, stakeholders and the public in view of its fiduciary mandate and financial governance.
Education/Experience/Language requirements
- Graduate university degree in finance, business or a related field is required
- A combination of an undergraduate degree with two additional years of work experience may be accepted in lieu of the advanced university degree.
- Relevant professional accreditation or qualification in Treasury or Finance is desired.
- Membership in an internationally recognized accounting or Treasury body is desired.
- Financial Risk Management certification is desired.
- A minimum of 10 years of progressively responsible experience in treasury or banking with a strong focus and expertise on Treasury instruments either in a large corporate or a financial institution is required. Experience with governance & control frameworks,compliance and control testing, business analysis and understanding, and stakeholder management is required.
- Broad knowledge and understanding of financial risk management and hedging (including FX risk, counterparty risk, and liquidity risk) and Treasury processes (FO/MO/BO) analysis are pre-requisite.
- Knowledge of Data, Analytics and Treasury Technology is a strong asset.
Language Requirements
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Full working knowledge of English.
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Knowledge of another official UN language or regional working language is an asset
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.