1). Climate Change Specialist

Location: Austria

Job Profile

  • The role in Strategic Planning and Economic Services involves providing essential inputs related to strategy, planning, economics, and other critical factors. These inputs guide operational departments in developing their work plans and assist senior management in decision-making processes for overall strategy development. This role also focuses on climate change strategies, sectoral policies, and climate financing initiatives.

Duties and Responsibilities

Policy Assurance and Review:

  • Review the OPEC Fund’s Climate Action Plan, translate its objectives into actionable items, and provide guidance to investment teams for various financing activities. Ensure alignment with recent developments in the field.
  • Collaborate with peers from other Multilateral Development Banks (MDBs) and climate finance institutions to develop a framework for Paris Alignment.
  • Prepare guidelines for climate risk screening of projects.

Review and Assessment:

  • Implement the objectives of the OPEC Fund’s Climate Action Plan, ensuring all related financing projects undergo climate proofing.
  • Assess project eligibility for climate adaptation, and if necessary, work with the Investment team and Borrower to explore climate vulnerability exercises for adaptation.
  • Determine project eligibility for climate mitigation and account for climate mitigation.
  • Develop templates for reviewing projects for climate resilience, adaptation, and mitigation.
  • Stay informed about methodologies used in the Joint MDB Framework and activities of the United Nations Framework Convention on Climate Change (UNFCCC) and Joint MDB Framework on Climate Finance.
  • Participate in international platforms and events on Climate Change, maintain active relationships, and establish new partnerships in collaboration with the Senior Advisor, ESG.

Reporting:

  • Prepare guidance notes on climate finance accounting.
  • Review and update the Climate Action Plan for the OPEC Fund annually.
  • Review project risk due to climate change impacts.

Information and Business Advice:

  • Assist the Senior Advisor, ESG in capacity building for internal and external stakeholders.

Knowledge Management:

  • Undertake training on Climate Change-related thematic issues and participate in international platforms, including UNFCCC, on Climate Change matters.

Stakeholder Management and Engagement:

  • Represent OPEC Fund at selected external industry events and build relationships with external experts and energy clients.
  • Promote cross-practice collaboration within OPEC Fund and engage with international and multilateral climate finance institutions like UNFCCC on Climate Change.

Qualifications and Experience

  • A Master’s Degree in Environmental Sciences, Environmental Engineering, Environmental Economics, or a related field.
  • Minimum of 6 years of relevant experience, particularly in climate change mitigation and/or adaptation, climate change policy, climate finance, and/or climate mainstreaming in project development work.
  • Experience in climate change assessments and accounting for climate finance is desirable.
  • Experience in climate change mitigation and/or adaptation, climate change policy, climate finance, and/or climate mainstreaming in project development work related to developing countries is desirable.
  • Fluent in English. Proficiency in Arabic, French, or Spanish is an added advantage.

Competencies:

  • Technical competency in Climate Change risk assessment and accounting for climate adaptation and mitigation is essential.
  • Technical competency in policy work on Climate Risk vulnerability analysis and mitigation measures.
  • Solid experience in international climate negotiations, policy, and best practices related to Climate Change and accounting methodologies.
  • High initiative and ability to work independently in a collaborative environment.
  • Strong interpersonal, teamwork, and analytical skills with a high level of integrity and a drive for achieving results.
  • Demonstrable ability to work in an international, multi-cultural environment, with sensitivity and respect for diversity.

Application Closing Date

Not Specified.

 

 

2). Investment Manager, Portfolio Management (Financial Institutions Sector)

Location: Austria

Job Profile

  • This position plays a crucial role in managing a portfolio of loans within the Private Sector and Trade Finance Department, primarily focused on the financial institutions sector. Responsibilities include negotiating loans, implementing approved operations, and continuously monitoring the assigned portfolio. The role ensures compliance with finance documents, departmental strategy, and the OPEC Fund’s policies and procedures, ultimately contributing to a compliant and optimized project portfolio.

Duties and Responsibilities

Review, Analysis, and Reporting:

  • Review and negotiate legal documentation.
  • Identify and address potential risks to ensure investment sustainability.
  • Review actual and projected annual disbursements.
  • Supervise processing disbursement requests, withdrawal applications, and compliance with disbursement conditions/loan covenants.
  • Review financial covenants, financial performance of financial institutions, compliance certificates, and other borrower reports.
  • Prepare credit risk rating and monitoring reports.
  • Review and process waiver, amendment, consent, and rescheduling/restructuring requests.
  • Conduct monitoring missions and, if required, participate in appraisal/due diligence missions.
  • Stay informed about country, sectoral, market, and product developments.
  • Provide recommendations for improving work efficiency and productivity to the Director, Portfolio Management.
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Stakeholder Management and Engagement:

  • Negotiate and close new transactions with borrowers, shareholders, and co-lenders.
  • Manage relationships with existing borrowers and co-financiers to monitor project implementation.
  • Represent the OPEC Fund at external conferences, meetings, and other events related to project review & monitoring.
  • Participate in departmental working groups and organizational taskforces.
  • Collaborate with related departments throughout the project cycle, such as Risk Management, Legal, and Loan Management.

Qualifications and Experience

  • A Master’s Degree in Accounting, Commerce, Finance, Economics, or a related field.
  • A minimum of 6 years of professional experience, including at least 3 years within the Private Sector division of a major international development finance institution and/or a banking environment (commercial or investment banking, fund management, or development bank).
  • Experience in financial institutions transactions, including banks, microfinance institutions, and other financial intermediaries.
  • Demonstrated experience in quantitative and financial analysis of financial institutions, including balance sheets, income statements, risk management, key performance indicators, and overall financial stability.
  • Fluent in English, and proficiency in Arabic, French, German, or Spanish is an added advantage.

Competencies:

  • High initiative and ability to work independently and collaboratively with team members.
  • Strong analytical and problem-solving skills with sound business judgment.
  • Effective negotiation skills.
  • Strong interpersonal, teamwork, and analytical skills with integrity and a drive for results.
  • Ability to work in an international, multi-cultural environment with respect for diversity

Application Closing Date
Not Specified.

 

 

 

3). Investment Manager, Portfolio Management (Infrastructure Sector)

Location: Austria

Job Profile

  • This position is responsible for managing a portfolio of loans within the Private Sector and Trade Finance Department, primarily focused on the infrastructure sector. The role includes responsibilities such as negotiating loans, implementing approved operations, and continuous monitoring of the assigned portfolio. All activities must adhere to related finance documents, the departmental strategy and framework, and the OPEC Fund’s policies and procedures, with the ultimate goal of contributing to a compliant and optimized project portfolio.

Duties and Responsibilities

Review, Analysis, and Reporting:

  • Review and negotiate legal documentation.
  • Identify and address potential risks to ensure investment sustainability.
  • Review actual and projected annual disbursements.
  • Supervise processing disbursement requests, withdrawal applications, and compliance with disbursement conditions/loan covenants.
  • Review financial covenants, financial model, compliance certificates, external project reports, and other financial reports of borrowers.
  • Prepare credit risk rating and monitoring reports.
  • Review and process waiver, amendment, consent, and rescheduling/restructuring requests.
  • Conduct monitoring missions and, if required, participate in appraisal/due diligence missions.
  • Stay informed about country, sectoral, market, and product developments.
  • Provide recommendations for improving work efficiency and productivity to the Director, Portfolio Management.

Stakeholder Management and Engagement:

  • Negotiate and close new transactions with borrowers, shareholders, and co-lenders.
  • Manage relationships with existing borrowers and co-financiers to monitor project implementation.
  • Represent the OPEC Fund at external conferences, meetings, and other events related to project review & monitoring.
  • Participate in departmental working groups and organizational taskforces.
  • Collaborate with related departments throughout the project cycle, such as Risk Management, Legal, and Loan Management.

Qualifications and Experience

  • A Master’s Degree in Accounting, Commerce, Finance, Economics, or a related field.
  • A minimum of 6 years of professional experience, including at least 3 years within the Private Sector division of a major international development finance institution and/or a banking environment (commercial or investment banking, fund management, or development bank).
  • Experience in project finance and corporate finance transactions.
  • Demonstrated quantitative, financial analysis, and modeling skills.
  • Fluent in English and French, with proficiency in Arabic, German, or Spanish as an added advantage.

Competencies:

  • High initiative and ability to work independently and collaboratively with team members.
  • Strong negotiation skills.
  • Strong analytical and problem-solving skills with sound business judgment.
  • Strong interpersonal, teamwork, and analytical skills with integrity and a drive for results.
  • Ability to work in an international, multi-cultural environment with sensitivity and respect for diversity.

Application Closing Date
Not Specified.

 

 

 

4). Loan Management Analyst

Location: Austria

Job Profile

  • The Loan Management Analyst plays a crucial role in supporting the Loan Management Function and Loan Management Officers. Their responsibilities involve planning and executing disbursements, managing collections and settlements, posting loan repayments and fees, handling non-performing loans, and maintaining accurate transaction records in loan accounts. All these activities must align with the institutional strategy and framework.

Duties and Responsibilities

Monitoring and Review:

  • Collaborate in reviewing and validating financial terms and conditions of loans, guarantees, and grants.
  • Assist in ensuring timely and accurate updates of loan terms and conditions in information systems.
  • Prepare loan-billing statements for front-end fees and other origination fees.
  • Verify arrears sanctions in alignment with the Fund’s policy.
  • Review withdrawal applications to ensure compliance with disbursement procedures and contractual obligations.
  • Periodically reconcile SAP/CML loan subsidiary accounts with the general ledger and follow up on outstanding items.
  • Generate, review, verify, and issue notifications and advice to Borrowers, including claim letters, debit/credit advices, loan account statements, interest rate setting notifications, dunning letters, and ad hoc requests.
  • Support the management of unfunded risk-sharing programs by entering deals into the system and conducting monthly reconciliation.
  • Respond promptly to internal and external inquiries, maintaining the Fund’s strong customer service image.
  • Carry out other tasks related to the job function assigned by the supervisor.
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Reporting:

  • Assist in preparing standard and ad-hoc financial reports.

Coordination:

  • Assist the Loan Management Function and officers in coordinating with relevant departments, units, and officers to ensure data correctness and consistency in the information system.
  • Participate in cross-departmental projects.

Qualifications and Experience

  • Bachelor’s Degree in Finance, Business, majoring in Accounting, Financial Control, Business Administration, or a related field.
  • Minimum of 3 years of relevant professional experience, with preferably 1-2 years in an international development institution.
  • Fluent in English, with a good working knowledge of Arabic, French, German, or Spanish as an added advantage.

Competencies:

  • Ability to work effectively within a team, promoting cooperation and actively participating in group efforts.
  • Knowledge of financial accounting.
  • Understanding of the Fund’s operations, particularly in public and private sectors, grants operations, and trade financing.
  • Familiarity with SAP-CML Enterprise Resource Planning (ERP) systems with a high degree of integration.
  • Proficiency in Microsoft Office Excel and other Microsoft Office programs.
  • Ability to set priorities and targets.
  • Strong analytical and communication skills.
  • Demonstrated ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

Application Closing Date

Not Specified.

 

 

 

 

5). Risk Policy Officer

Location: Austria

Job Profile

  • The Risk Policy Officer, under the supervision of the Director, Market Risk, Operational Risk & Policies (MOP), plays a critical role in developing, implementing, and maintaining the OPEC Fund’s risk management framework, including policies, processes, methodologies, and IT infrastructure. This is done in accordance with the institutional risk framework to prevent, minimize, and mitigate risks.

Duties and Responsibilities

Policy development and implementation:

  • Develop, implement, and maintain risk management policies, methodologies, processes, and systems for identifying, measuring, mitigating, and reporting risks in OPEC Fund’s operations, including capital adequacy, credit risk, and provisioning.
  • Generate the data, analysis, and reports required for quarterly risk reporting, financial statements, and rating agency data submissions.

Risk Management and Analysis:

  • Develop and enhance risk models and methodologies for measuring various risks in OPEC Fund’s operations.
  • Create and maintain risk rating methodologies and tools for structured credit risk analysis.
  • Ensure consistency in rating assignments and test the predictive power of OPEC Fund’s rating tools.
  • Develop and maintain OPEC Fund’s tool for Risk-Adjusted Return on Capital (RAROC) pricing of credit transactions.
  • Provide advice on risk policy and methodology matters.
  • Support IT projects and other specialized projects to meet risk management requirements.
  • Assist in developing and maintaining risk data and analysis for key stakeholders, including member countries, bond investors, rating agencies, and regulators.
  • Assist in the administration of the risk management committee, including coordination and preparation of meeting schedules, agenda, materials, and minutes.

Research and Analysis:

  • Research and analyze various matters related to risk management to ensure alignment of OPEC Fund’s risk policies and methodologies with industry best practices.

Reporting:

  • Co-lead the preparation of quarterly and annual risk management reports and risk sections of financial statements.
  • Co-lead the preparation of data and analysis required for annual rating agency exercises.
  • Lead the calculation of Expected Credit Loss.

Qualifications and Experience

  • Master’s Degree in Accounting, Finance, Economics, or equivalent professional qualification.
  • A minimum of seven (7) years of relevant banking experience, including at least two (2) years of experience with global or regional banks, fund managers, or multilateral/bilateral development financial institutions, with a focus on developing risk policies, methodologies, and IT systems.
  • Fluent in English. Good working knowledge of French, Arabic, German, or Spanish is an added advantage.

Competencies:

  • Excellent analytical and evaluation skills.
  • Strong understanding of risk management principles and systems.
  • High initiative and the ability to work independently, as well as with team members, in a collaborative environment.
  • Strong interpersonal, teamwork, and communication skills with a high level of integrity and drive for achieving results.
  • Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

Deadline: Not Specified.

How to Apply: Interested and qualified candidates should use the links below to apply: