UN Treasurer (Chief of Service, Finance and Budget), New York City

Org. Setting and ReportingThis position is located in the Financial Risk Management Service (FRMS), Finance Division, Office of Programme Planning, Finance and Budget in the Department of Management Strategy, Policy and Compliance. The Treasurer/Chief of Service reports to the Deputy Controller and the Director of Finance Division. The Financial Risk Management Service (FRMS) consists of the Treasurer and five operating sections: Cashiers, Investments, Global Banking Operations, Health and Life Insurance and Risk Management and Compensation. The primary goal of FRMS is to manage cash and related financial assets, deal with financial intermediaries for the Organization, administer health, life and commercial insurance as efficiently as possible and to provide the financial flexibility needed to achieve the Organization's objectives in a manner consistent with the strategic plan. ResponsibilitiesWithin delegated authority, the Treasurer/Chief of Financial Risk Management Service will be responsible for the following: • Develops banking and investment policies, rules and procedures to increase the availability, security and income from all financial resources of the United Nations, for all Secretariat entities, including offices away from Headquarters (OAHs), regional economic commissions, peacekeeping and special political missions. • Provides leadership and support to Agencies, Funds and Programmes of the United Nations when requested; develops, negotiates and manages innovative banking agreements with appropriate terms and conditions that meet the unique global requirements of the Organization, including global cash pooling and single account arrangements. Co-chairs the Treasurers Working Group of the system-wide Finance and Budget Network. • Establishes, manages and maintains arrangements with commercial banks, Central Banks and multilateral institutions to effect cost-effective, operationally effective and secure payments; develops and institutes cash handling policies and procedures, including banknote transportation, for use system-wide, including by the Agencies, Funds and Programmes, in conjunction with the Department of Safety and Security and local government institutions; establishes the UN operational rates of exchange, and negotiates with Governments for access to the appropriate rates of exchange; prepares cash and currency flow forecasts and projections, and manages the Organization's exposure to risks with respect to Treasury operations. • Develops strategies, policies and procedures for the investment of funds world-wide across a range of financial instruments in multiple currencies; establishes appropriate custodian arrangements, and supervises investment activities, in compliance with the Financial Regulations and Rules, and the guiding Principles and Policies for Investments of the United Nations. • Develops procedures, in conjunction with Contributions Service, to facilitate Member States assessed and voluntary contributions; establishes strategic relationships with financial institutions, including Central Banks, Treasuries and financial supervisory institutions to respond to the Organization’s needs in challenging jurisdictions. • Determines appropriate use of information technology, leveraging digital integration to provide cost-effective and secure payments; oversees negotiations of ISDA Master Agreements in coordination with the Office of Legal Affairs (OLA); oversees technological solutions for anti-fraud mechanisms in digital payment systems and/or cheques of the Organization. • Leads and motivates a team of staff that performs the day-to-day treasury functions in support of the above Treasury responsibilities, to deliver quality service to its clients. • Provides direction and guidance to the Cashier Section, including receipt, custody and disbursement of funds, liquidity for the global cash pool; execution of trading in fixed income, equities, money market instruments and, as appropriate, execution of foreign exchange transactions; formulation and delivery of the FX hedging programme and budget rate setting. • Provides direction and guidance to the Global Banking Services, including Requests for Proposals (RFPs) programmes for banking services; negotiations to secure banking arrangements and formalization of banking agreements, in coordination with the Office of Legal Affairs (OLA) and other stakeholders, to ensure compliance with legal and institutional requirements. • Provides direction and guidance to the Investments Section, including implementation of investment policy, strategy and procedures for all funds, permissible market instruments and limits and monitoring global financial markets, credit conditions, and ratings changes, and approval of financial institutions and counterparty limits. Ensures timely reporting to the Investment Committee and other stakeholders. • Provides direction and guidance to the Risk and Compliance Section, including strategic oversight of the design and development of risk and compliance reporting frameworks; risk-based reviews to identify control gaps, assess vulnerabilities; and developing secure payment solutions to protect transactions and optimise treasury processes. • Provides direction and guidance to the Health and Life Insurance Section, including formulating policies and procedures governing the United Nations health and life insurance programmes and overseeing the management and delivery of health and life insurance service operations. • Provides direction and guidance to the Risk Management Section, including authoritative interpretation of Financial and Staff Regulations and Rules; delivers policy guidance to senior management and local claims boards; and exercising managerial oversight of the section’s handling of claims submitted to the Advisory Board on Compensation Claims and the United Nations Claims Board. CompetenciesProfessionalism: Knowledge of treasury and finance, including investments, cash management, banking, payments and foreign exchange. Ability to supervise investments, manage relations with key stakeholders and finance teams. Ability to operate electronic banking and trading platforms. Shows pride in work and in achievements. Demonstrates professional competence and mastery of subject matter. Is conscientious and efficient in meeting commitments, observing deadlines and achieving results. Is motivated by professional rather than personal concerns. Shows persistence when faced with difficult problems or challenges; remains calm in stressful situations. Planning and Organizing: Develops clear goals that are consistent with agreed strategies. Identifies priority activities and assignments; adjusts priorities as required. Allocates appropriate amount of time and resources for completing work. Foresees risks and allows for contingencies when planning. Monitors and adjusts plans and actions as necessary. Uses time efficiently. Accountability: Takes ownership of all responsibilities and honours commitments. Delivers outputs for which one has responsibility within prescribed time, cost and quality standards. Operates in compliance with organizational regulations and rules. Supports subordinates, provides oversight and takes responsibility for delegated assignments. Takes personal responsibility for his/her own shortcomings and those of the work unit, where applicable. Leadership: Serves as a role model that other people want to follow. Empowers others to translate vision into results. Is proactive in developing strategies to accomplish objectives. Establishes and maintains relationships with a broad range of people to understand needs and gain support. Anticipates and resolves conflicts by pursuing mutually agreeable solutions. Drives for change and improvement; does not accept the status quo. Shows the courage to take unpopular stands. Provides leadership and takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work; demonstrates knowledge of strategies and commitment to the goal of gender balance in staffing. Judgement/Decision making: Identifies the key issues in a complex situation, and comes to the heart of the problem quickly. Gathers relevant information before making a decision. Considers positive and negative impacts of decisions prior to making them. Takes decisions with an eye to the impact on others and on the Organization. Proposes a course of action or makes a recommendation based on all available information. Checks assumptions against facts. Determines that the actions proposed will satisfy the expressed and underlying needs for the decision. Makes tough decisions when necessary. EducationAn advanced university degree (Master's degree or equivalent) in finance, business, or a related field is required. A first-level university degree (Bachelor's degree or equivalent) in combination with two additional years of relevant work experience may be accepted in lieu of the advanced university degree. Job - Specific QualificationNot available. Work ExperienceA minimum of 15 years of progressively responsible experience in treasury and finance, including investments, cash management, banking, payments and foreign exchange in international markets, is required. A minimum of 10 years of experience in financial operational management at the international level, including supervision of investments is required. A minimum of 10 years of experience in managing relations with key stakeholders, such as member state representatives, monetary authority/central bank representatives is required. Experience in managing high-performing finance teams is required. Experience in accounting and budgeting is required. Experience with the Society for Worldwide Interbank Financial Telecommunications (SWIFT) electronic banking platform and electronic trading platforms, such as Bloomberg or similar, is required. Experience in working with other electronic banking platforms is desirable. LanguagesEnglish and French are the working languages of the United Nations Secretariat. For this job opening, English is required. The table below shows the minimum required level for each skill in these languages, according to the UN Language Framework (please consult for details).