Apply for OPEC Fund Recruitment Application Form 2020/2021 – The recruitment exercise for OPEC Fund is currently ongoing for all interested and qualified persons to apply using the application link or portal in this article. All you need for a successful application such as eligibility, qualification and steps on how to apply are contained in this article below.
About OPEC Fund for International Development
The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are: Algeria, Ecuador, Gabon, Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and the Bolivarian Republic of Venezuela.
Apply for OPEC Fund Recruitment Application Form 2020/2021
Applications are invited for:
Title: Internship Program
Location: Austria
Details
- The OPEC Fund offers an Internship Program enabling students from diverse academic backgrounds to experience work with an international organization.
- The Internship Program runs for between two and six months and is designed to:
- Provide a framework to support students assigned to any OPEC Fund department so that the focus remains on enriching the student’s experience;
- Provide an immersive experience so that students gain practical experience of working for an international organization; and
- Provide the opportunity for students to understand the OPEC Fund’s vision, mission and related values.
- Interns are assigned to different departments/units depending on their interests and qualifications, and according to departmental needs. The Internship Program offers opportunities to focus on one or more of the following: public sector operations; private sector and trade finance operations; grants; financial management; risk management; strategic planning and economic services; internal audit; human resources; administration; communication; legal services; and information technology.
Eligibility criteria
- Applicants must be between 19 to 25 years of age and enrolled in an undergraduate program (having completed at least two years) or graduate program. Alternatively, applicants may be recent graduates, having graduated a maximum of one year before the application deadline.
Interested and qualified candidates should:
Click here to apply
Application Procedure
- Candidates must submit:
- The online application form;
- A Curriculum Vitae (CV);
- A copy of their university diploma or equivalent, or an original letter of confirmation from a university/school certifying the applicant is / was an undergraduate student;
- A copy of their most recent university transcripts, showing the cumulative GPA or equivalent; and
- A short statement in English (about 150-250 words) outlining their motivation for applying.
- Successful candidates must be able to present a valid health or medical insurance policy for Austria or a similar certificate proving he / she will be fully covered from a medical perspective for the duration of the program.
- Due to a large volume of applications, the OPEC Fund will only enter into further correspondence with shortlisted candidates.
Please keep in mind:
- All applications must be in English;
- Please upload the statement and transcripts under the ‘Additional documents’ section of the application form; and
- Please answer all the questions on the application form.
Title: Young Professional Development Program
Location: Austria (AT)
YPDP Overview
- The OPEC Fund’s Young Professional Development Program (YPDP) is a structured two-year program designed to prepare young professionals from the OPEC Fund’s member countries for a career in global development. We are currently seeking applicants with a passion for and commitment to international development who demonstrate academic excellence and relevant professional experience.
- We especially want to hear from those with the drive and ambition to help developing countries address their most pressing challenges in the quest for social, environmental and economic progress.
Eligibility
To be selected for the YPDP program, applicants must:
- Be an OPEC Fund member country national;
- Be 30 years of age, or younger;
- Hold a Master’s degree;
- Be able to demonstrate outstanding academic credentials;
- Be fluent in English and proficient in at least one other language;
- Specialize in development, engineering, economics, finance, business administration, law, information technology, human resources or any other discipline relevant to the OPEC Fund’s operations;
- Be able to work in an international, multicultural and diverse environment;
- Understand the OPEC Fund’s mandate; and
- Be willing to work with the OPEC Fund in Vienna for a minimum of two years upon completion of the YPDP, if offered a position.
Interested and qualified candidates should:
Click here to apply
Job Title: Admin Assistant
Location: Austria
Task
Specific tasks will include:
- Typing, and when necessary composing routine memos, correspondence, reports, and presentations.
- Overseeing the preparation of all documentation to high standards of presentation and accuracy.
- Ensuring that standard office practices and routines are functioning effectively on an ongoing basis.
- Contacting other staff members to ensure appropriate follow-up and delivery of critical official activities.
- Handling on a routine basis, highly confidential information in a professional manner.
- Checking outgoing mails for accuracy and conformity with policies and specific instructions.
- Performing other standard secretarial functions such as filing, accurate record keeping, photocopying, handling inquiries, making meeting arrangements, all in a consistent manner with official guidelines.
Qualifications and Experience
- Formal secretarial training from a recognized institution will be an asset.
- Minimum of five years relevant experience, preferably in an international environment.
Skills and Competencies:
- Extensive knowledge in the usage of office technologies, such as Microsoft Office applications (Word, Excel, PowerPoint, etc.), intra/internet as well as on-line database management.
- Excellent verbal and written communication skills, fluency in English and German is highly essential.
- Working knowledge of Arabic, French and/or Spanish will be an asset.
- Ability to work independently with minimum supervision and guidance.
- Good interpersonal, organizational and time management skills.
Interested and qualified candidates should:
Click here to apply
Job Title: Officer – Policies, Risk Management Department
Location: Austria
Job Profile
- The position of Officer-Policies develops, implements and maintains the OPEC Fund´s risk management framework comprising of policies, processes, and methodologies, and supports the development of the IT infrastructure for risk management, all in accordance with the institutional risk framework, in order to prevent, minimize, and mitigate risk.
- The position has no structural supervisory function/s.
Education and Experience
- Master’s degree in Accounting/ Commerce / Finance/ Economics or equivalent professional qualification
- Minimum of 7 years of banking/ risk management experience
- Preferably 2-3 years of experience with international banks or multilateral development financial with focus on development of risk policies, methodologies, and IT systems
- A professional financial or risk management qualification is an added advantage
Interested and qualified candidates should:
Click here to apply
Job Title: Funding Officer – Treasury, Financial Operations Department
Location: Austria (AT)
Job Profile
- The position of Funding Officer-Treasury is responsible for supporting the OPEC Fund’s borrowing program including Treasury operations with respect to ratings, issuance and investor relations activities.
- The candidate coordinates with other functions and stakeholders in the funding process across the Fund in accordance with the borrowing strategy and framework.
- Furthermore, the position holder is expected to have acquired the necessary experience and skills to fulfil the responsibilities related to debt funding, fixed income trading and hedging operations. The position has no supervisory function/s.
Qualifications and Experience
- Master’s Degree or equivalent in Business Administration, Finance, or related fields
- A minimum of 5-7 years of relevant experience
- Preferably 3 years of experience in an international development institution.
Interested and qualified candidates should:
Click here to apply
Job Title: Senior Accountant, Financial Operations Department
Location: Austria
Job Profile
- The position of Senior Accountant is responsible for the maintenance of the OPEC Fund’s chart of accounts and their balances, complete quarterly accounting closing and preparation of accurate and timely financial statements in conformity with International Financial Reporting Standards (IFRS) accounting principles.
Qualifications and Experience
- Master’s degree or equivalent in Accounting and Control/Business Administration, majoring in Accounting, Financial Management or other relevant fields
- Recognized accounting certification such as CA or CPA
- A minimum 10 years of relevant experience
- Preferably 3-5 years of experience in an international development institution
- Preferably a certification/diploma in financial reporting under IFRS.
Interested and qualified candidates should:
Click here to apply
Job Title: Country Manager, Public Sector Operations Department
Location: Austria
Job Profile
- The Country Manager contributes to implementing the Mandate of the OPEC Fund in assigned partner countries, i.e. development finance operations/activities in these countries, as well as managing the relationships with development partner institutions.
- The Country Manager, under the supervision of the Regional Director, is responsible for identifying options for the optimum deployment of the resources in the partner countries in accordance with OPEC Fund strategic Framework, Business Plan and Country Operations Strategies.
- The position reports to the Regional Director. The position has no structural supervisory function/s.
Qualifications and Experience
- Master’s Degree or equivalent in Economics / Finance / Engineering or other relevant fields
- A minimum of five years of relevant professional experience
- Preferably 1-2 years of experience in an international development finance institution.
Interested and qualified candidates should:
Click here to apply
Job Title: Investment Manager, Private Sector and Trade Finance Operations
Location: Austria
Department: Private Sector and Trade Finance Operations
Job Profile
- This position is responsible for the management of a portfolio of the Private Sector and Trade Finance Department’s loans, equity investments and guarantees in developing countries
- The annual workload includes execution and implementation of approved operations and continuous monitoring of the assigned portfolio in line with the related finance documents and the OPEC Fund’s policies and procedures
- The job may require frequent travel. The position has no structural supervisory function/s.
Qualifications and Experience
- Master’s Degree or equivalent in Accounting / Commerce / Finance / Economics or other relevant fields
- A minimum of five years of relevant professional experience
- Preferably 2-3 years of experience within the Private Sector division of a major international development finance institution; or a banking environment (including commercial or investment banking, fund management or a development bank); or a commercial/development environment of relevance to the OPEC Fund’s operations and job profile.
Interested and qualified candidates should:
Click here to apply
Job Title: Director for Policy, Market and Operational Risk
Location: Austria
Job Profile
- The position is responsible for leading, planning, and overseeing the development and maintenance of risk policies as part of the OPEC Fund’s comprehensive risk management framework and managing market risk and operational risk.
- The risk management framework covers capital adequacy and all major risks in the OPEC Fund’s operations, including liquidity, credit, market, asset and liability (ALM), and operational risks, as well as credit approval and monitoring, risk rating, and loan pricing. Among the major tasks include: (i) developing and maintaining risk policies; (ii) measuring, mitigating, and monitoring market, counterparty, ALM, liquidity, and operational risks; (iii) preparing risk reports; and (iv) developing and implementing IT support for market and operational risks. The position supervises one senior risk officer and two risk officers.
Education and Experience
- Master’s Degree or equivalent in either Business Administration, Finance, Accounting, Economics or related fields
- Minimum 15 years of investment, treasury, and/or risk management experience with global or regional banks, fund managers, or multilateral/bilateral development financial institutions with specific experience in market risk, fixed income portfolio management, operational risk, and policy development
Interested and qualified candidates should:
Click here to apply
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