Recruitment at 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.

We are recruiting to fill the position below:

Job Title: Portfolio Management Officer

Location: Austria
Department / Unit: Finance / Treasury / Portfolio Management
Contract Type: Fixed Term Contract
Job Category: F
Grade: Professional
Recruitment Status: International / Local
Contract Duration: Two-year fixed term appointment, with the possibility of renewal

Job Profile

• The Portfolio Management Officer supports the management of OPEC Fund’s fixed income Liquidity Portfolios to ensure capital preservation, liquidity, and sustainable returns in line with the Fund’s approved policies and objectives.

Duties and Responsibilities
Portfolio management:

• Formulates and presents investment recommendations in fixed income securities, derivatives, foreign exchange and money market instruments in line with approved policies and guidelines, contributing to the efficient management of the Liquidity Portfolio (LIQP)
• Executes dealing operations for internally managed Treasury portfolios as well as hedges related to OPEC Fund’s loan portfolio and balance sheet
• Supports OPEC Fund’s ECP issuance and repo activities for short-term liquidity management
• Maintains and develops relationships with portfolio management and related business partners including but not limited to deposit counterparties, brokers/dealers and derivative/Forex counterparties
• Supports the implementation and enhancement of Treasury portfolio management infrastructure.

Data collection and analysis:

• Performs market research, financial and economic analysis, and prepares reports as required

Monitor and Reporting:

• Tracks and manages OPEC Fund’s cash flow status, cash position and overall liquidity position
• Ensures compliance with relevant risk limits, including but not limited to single counterparty, sector, and foreign exchange (Forex) limits, etc.
• Performs ongoing evaluation of treasury counterparties’ credit standing
• Conducts ongoing monitoring and performance assessment of banking and broking counterparties
• Coordinates front office activities with the Financial Management Function of Treasury which performs reporting
• Monitors and analyzes External Portfolio Managers’ investment strategies and performance, including risk and performance attribution reporting

Policy development and implementation:

• Contributes to the formulation/development of portfolio management related guidelines and policies for internal and external managed portfolios
• Carries out other tasks assigned by the Head of Portfolio Management, or Treasurer, that are related to the job function.

Qualifications and Experience

• Master’s Degree in Business Administration, Finance, Business, Economics and Banking or a closely related field
• A minimum of five (5) years of direct relevant professional experience, of which two to three (2-3) years years should have been in an international financial institution
• A good familiarity with portfolio management theory and practice is required
• Strong analytical skills with extensive experience interpreting financial data
• Established trading and hedging knowhow
• Proficiency with a Bloomberg Terminal and MS Office suite, including Word, Excel and PowerPoint
• Database related programming skills (SQL, JAVA, Python, Power BI and etc.) are a merit
• Proficiency in data management and analysis tools is required.
• Strong analytical and reporting skills are essential.
• Familiarity with MDB investment guidelines, strategies, and reporting requirements is an added advantage.
• Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.

Competencies:

• Subject Matter Knowledge – The in-depth understanding and expertise in specific fields relevant to the OPEC Fund’s operations and the individual’s role.
• Ability to Work Under Pressure – The capacity to remain composed, focused and productive when facing tight deadlines, high-stakes situations and demanding workloads.
• Collaboration and Teamwork – The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.
• Communication – The ability to relay ideas, information and messages effectively and succinctly to a variety of audiences.
• Customer Centricity  – The ability to focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships.
• Cross-Cultural Sensitivity – The ability to take into account the variety of the human experience and how it contributes to the workplace and to demonstrate  respect for diverse cultures and viewpoints.
• Decision making – The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.
• Effective Planning and Follow Up – The ability to set clear goals and priorities; skillfully organize tasks for efficiency; consistently follow through on commitments and plans.
• Problem Solving Ability – The ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges.
• Sense of Responsibility – The ability to demonstrate ownership and accountability in tasks and outcomes; uphold reliability and commitment to fulfilling responsibilities.

Leadership Competencies:

• Leadership & People Management – The ability to guide and empower team members effectively; cultivate a positive work climate; delegate tasks skillfully and nurture team members’ growth.
• Results Orientation – The ability to set ambitious targets for self and the team; drive progress toward objectives; initiate actions to achieve desired outcome,
• Creativity, Initiative & Innovation – The ability to nurture novel concepts and inventive approaches; take calculated risks to foster innovation; identify chances for process enhancements and expansion.
• Trustworthiness, Ethics & Governance -The ability to act with integrity and transparency; safeguard confidentiality; demonstrate ethical decision-making and interactions; to adhere to organizational regulations and ethical benchmarks, foster a culture of compliance and strong governance; ensure team members understand and adhere to protocols.
• Business Alignment – The ability to align team objectives and undertakings with broader organizational aims; make decisions contributing to the organization’s strategic direction.

Application Closing Date
15th February, 2026.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: Head, Total Rewards

Location: Austria
Employment Type: Fixed Term Contract
Department / Unit: Corporate Services / Human Resources Unit
Contract Type: Fixed Term Contract
Job Category: H1
Grade: Management
Recruitment Status: International / Local
Contract Duration: Two-year fixed term appointment, with the possibility of renewal

Job Profile

• The Head of Total Rewards is responsible for the design and implementation of a comprehensive, organization-wide compensation strategy that aligns with the OPEC Fund’s objectives of ensuring a fair and competitive employee rewards program.
• This role ensures that compensation and benefits policies are in line with the organization’s HR strategy and enhanced on a continuous basis.
• The position oversees payroll, compensation and benefits, employee administration, and employee offboarding.
• The incumbent leads a team at the headquarters in Vienna.

Duties and Responsibilities
Strategic Responsibilities:

• Drives continuous improvement in the Total Rewards strategy to position the OPEC Fund as an employer of choice.
• Collaborates with the HR Director to develop and implement a modern Total Rewards strategy aligned with organizational goals.
• Standardizes and streamline processes to enhance efficiency and effectiveness.
• Provides expert advice on total rewards and well-being policies.
• Leads key initiatives and projects to enhance remuneration and reward systems

Benefits Management:

• Designs, reviews, and implements benefit programs and communications
• Analyzes market trends to optimize benefits offerings
• Ensures policies align with organizational needs and recommends changes
• Conducts impact assessments for policy revisions
• Monitors benefit utilization, financial impact, and sustainability
• Serves as the escalation point for benefits inquiries and provides policy recommendations.

Compensation & Reward Management:

• Market Analysis: Conducts salary benchmarking and provides data-driven insights
• Program Development: Implements competitive and performance-driven compensation structures
• Policy Compliance: Ensures adherence to labor laws and internal policies
• Salary Administration: Oversees payroll coordination and policy adherence
• Stakeholder Guidance: Trains HR staff and advises leadership on compensation matters
• Benefits & Allowances: Conducts periodic reviews and recommend enhancements
• Budget Planning: Supports salary, allowance, and benefits forecasting.
• Health & Wellness: Manages and/or supports medical insurance, wellness programs, and employee support initiatives

Audit & Compliance:

• Ensure compliance with reward policies and regulatory standards
• Leads salary benchmarking, incentive plan management, and internal equity analysis
• Addresses audit findings with sustainable solutions

Policy & Procedure Development:

• Maintains and updates policies, standard procedures, and benefits documentation
• Oversees medical insurance plan reviews and renewals
• Benchmarks remuneration policies and implements new benefit programs as needed
• Ensures accurate record-keeping and serve as the escalation point for complex benefits issues

Stakeholder Engagement & Leadership:

• Represents HR in management meetings and external forums
• Oversees budget planning for total rewards
• Provides expert guidance on budget analysis and utilization
• Fosters strong partnerships with employees and managers

Team Management & Leadership:

• Leads, coaches, and mentors the Total Rewards & Well-being team
• Sets clear expectations, provides feedback, and drives high performance
• Addresses performance gaps and supports professional development
• Performs any other related tasks as assigned by the HR Director to contribute to the success of the HR function.

Qualifications and Experience

• Master’s Degree in Human Resources, Business Administration, Economics, Mathematics, Statistics, or a closely related field with at least 10 years of relevant professional experience, of which five (5) years should have been from an international financial or development institution
• Bachelor’s degree in Human Resources, Business Administration, Economics, Mathematics, Statistics, or closely related field with at least 15 years of progressively responsible relevant experience, of which five (5) years should have been from international financial or development institution, may be considered in lieu of a Master’s degree
• At least five (5) years of managerial work experience is required
• In-depth and thorough knowledge of compensation & benefits concepts, principles of salary administration, benefits, including market best practice is required
• Experience in HR policy and HR operations is highly desirable
• Ability to work independently, apply analytical and quantitative skills to identify issues or problems
• Ability to identify and offer suggestions for improvements, and collaborate to ensure integration with other policies, systems, and practices
• In-depth knowledge of relevant technologies, business processes, or platforms is essential
• Demonstrated knowledge of HR-related areas beyond compensation and benefits to facilitate connections with the broader department and institution
• Ability to organize, prioritize, and deliver timely under high pressure
• Extensive knowledge and expertise in Total Rewards, enabling skilled operation of the OPEC Fund’s HR practices, procedures, and programs is essential
• Ability to identify and diagnose needs. Ability to facilitate and implement interventions in order to address needs and drive change
• Ability to collaborate effectively with highly diverse colleagues
• Ability to communicate clearly with diverse audiences, including non-technical audiences
• Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage

Competencies:

• Subject Matter Knowledge – The in-depth understanding and expertise in specific fields relevant to the OPEC Fund’s operations and the individual’s role.
• Collaboration and Teamwork – The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.
• Customer Centricity  – The ability to focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships.
• Decision making – The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.
• Problem Solving Ability – The ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges.
• Trustworthiness, Ethics & Governance -The ability to act with integrity and transparency; safeguard confidentiality; demonstrate ethical decision-making and interactions; to adhere to organizational regulations and ethical benchmarks, foster a culture of compliance and strong governance; ensure team members understand and adhere to protocols.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: Senior Evaluation Specialist

Location: Austria
Department / Unit: Strategy Department   / Development Effectiveness Unit
Contract Type: Fixed Term Contract
Job Category: Professional
Grade: G1
Recruitment Status: International
Contract Duration: Two-year fixed term appointment, with the possibility of renewal

Job Profile

• Under the guidance and supervision of the Director, Development Effectiveness Unit, the Senior Evaluation Specialist will be responsible for implementing the OPEC Fund’s approach to project evaluation by strengthening project results monitoring and conducting sector portfolio evaluations of OPEC Fund operations.
• The OPEC Fund for International Development is introducing project evaluation to further strengthen its development effectiveness framework and extend the institution’s development effectiveness focus throughout the project cycle.
• As a new activity, evaluation will be introduced in phases, with a first piloting phase to focus on strengthening project monitoring in close collaboration with the operational Portfolio Management Units, as well as on conducting a number of pilot sector portfolio evaluations.
• The role will involve the planning, coordination, organization and implementation of monitoring and evaluation activities. For results monitoring, the Senior Evaluation Specialist will lead activities to ensure strong results monitoring practices and processes in close coordination and collaboration with other areas of the OPEC Fund, especially with operational areas such as the Portfolio Management Units for both public and private sector operations.
• The Senior Evaluation Specialist will also lead sector portfolio evaluations. This includes the design and execution of such evaluations, presenting evaluation findings in high-quality, evidence-based evaluation reports, discussing findings with OPEC Fund Management, disseminating lessons learned among OPEC Fund staff and other relevant stakeholders, as well as presenting findings to the OPEC Fund’s Governing Board Committee on Development Effectiveness. S/he will also be in charge of the identification, selection, recruitment, guidance and supervision of external consultants to support these efforts. The portfolio evaluations will require travel.

Duties and Responsibilities
Monitoring:

• In close collaboration and coordination with the Directors and staff of the OPEC Fund’s Public and Private Sector Portfolio Management Units (PMUs) and other areas as applicable, the Senior Evaluation Specialist:
  • Reviews current development results monitoring practices, processes, documentation and systems to identify gaps and opportunities for improvement.
  • For identified gaps/areas of improvement, develops improved reporting formats, processes and reporting tools, to ensure that relevant data and information is consistently collected, reviewed and documented during project implementation.
  • Oversees implementation of, and trains PMU staff on, monitoring data requirements, tools, processes and practices.
  • Reviews the completeness of available data and information projects at completion (public sector) or early operating maturity (private sector).
  • Leads and/or supports the hiring of external consultants to support these efforts as applicable.
• As needed, works with the OPEC Fund IT team and PMUs to define the business requirement definition and implementation of systems and processes to be developed for automating development results monitoring, tracking, aggregation and reporting.

Evaluation:

• Designs, plans, prepares and conducts high-quality sector portfolio evaluations of the OPEC Fund’s operations using appropriate evaluation methods to collect and analyze evidence that underpins robust and credible evaluation findings. Chooses these methods based on the information sources, evaluation subject matter, data availability, stakeholders, evaluation questions and other relevant factors.
• Leads the creation, population and maintenance of databases relevant for underpinning evaluation analysis and findings.
• Uses data analysis software and tools (including artificial intelligence) as appropriate and beneficial to the quality and efficiency of monitoring and evaluation activities.
• Identifies, selects, recruits, guides and supervises external consultants to support evaluations.
• Plans, coordinates and conducts project site and counterpart visits to gather relevant information.
• Drafts, reviews and finalizes approach papers, evaluation reports and other evaluation products in line with MDB high quality standards.
• Adjusts drafts based on internal or external peer or supervisor review feedback as appropriate to further strengthen quality.

Stakeholder engagement:

• Engages relevant internal and external project stakeholders throughout monitoring and evaluation.
• Discusses evaluation reports and findings with OPEC Fund Management to gather feedback.
• Presents evaluation reports and findings to the Governing Board and/or its Committee on Development Effectiveness.

Dissemination and knowledge management:

• Shares evaluation findings and lessons learned with relevant stakeholders, such as staff and Management of the OPEC Fund’s Operations Departments, the project preparation area of the Development Effectiveness Unit, as well as other stakeholders as applicable.
• For evaluation reports to be published, prepares such publications in coordination with the Communication Department as appropriate.

Policies and procedures input and development:

• Provides inputs and comments to, and supports the drafting of policy, procedural and other papers concerning monitoring and evaluation of the OPEC Fund’s operations.
• Supports the Director, Development Effectiveness in the development, consultation and discussion of an OPEC Fund evaluation policy at the end of the piloting period.

Planning and organization:

• Prepares work plans, budgets and project planning and tracking tools
• Plans, organizes and tracks all activities required for implementing the monitoring and evaluation activities under the work plans
• Any other tasks as may be assigned by the Director, Development Effectiveness Unit.

Qualifications and Experience

• Master’s Degree in Economics, Development, Public Policy or other relevant area.
• A minimum of 10 years relevant professional experience, of wwhich at least five (5) years of experience in an evaluation function of a good-practice international development finance institution, including at least three (3) years of experience in leading evaluations.
• Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.

Competencies:

• Collaboration and Teamwork – Ability to effectively collaborate with colleagues, stakeholders (internal and external), and partners from diverse backgrounds, cultures, and perspectives to achieve shared goals.
• Effective Communication – Ability to articulate ideas and information clearly and persuasively across various channels and audiences, integrate communication best practices, and ensure messages are tailored, culturally sensitive, and impactful, promoting active listening and feedback mechanisms.
• Results-Orientation – Ability to effectively achieve results through proactive ownership, decisive action and strategic planning. ensuring goals are met within specified timeframes and in alignment with OPEC Fund’s strategic direction
• Learning Agility and Adaptability – Ability to swiftly learn, unlearn, and adapt to changing circumstances and emerging challenges, with a commitment to continual growth through embracing new ideas, technologies, updating functional expertise, and facilitating organizational resilience
• Stakeholder and Impact Focus – Ability to prioritize and address the needs and expectations of diverse stakeholders to achieve sustainable impact through stakeholder mapping, ensuring effective relationship management, transparent and timely communication, and aligning their contributions with OPEC Fund’s mission to deliver long-term, positive outcomes
• Accountability – Ability to take responsibility for one’s actions, decisions, and their outcomes, demonstrating integrity and reliability, adhering to established internal controls, setting clear expectations, and maintaining a high standard of ethical behavior.

Application Closing Date
8th February, 2026.

How to Apply
Interested and qualified candidates should:
Click here to apply online