Recruitment at 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.

We are recruiting to fill the position below:

Job Title: Country Manager

Location: Austria
Employment Type: Fixed Term Contract
Department / Unit: Public Sector Operations / Latin America & the Caribbean
Required Languages: English and French
Job Category: F
Recruitment Status: International / Local

Job Profile

• In co-operation with the Director, the Country Manager leads and oversees the identification, development, appraisal, approval and implementation of Public Sector projects.
• The position contributes to the development of policies and strategies in the portfolio-countries and supports the achievements of the regional and departmental objectives and targets.
• The Country Manager is responsible for identifying and recommending options and solutions for the optimum deployment of financing resources in the portfolio-countries, including the development, implementation and monitoring of country operational strategies and business plans.
• Working together with the Director, the Country Manager also leads and oversees relations with the portfolio countries and other relevant partners.

Duties and Responsibilities
Policy development and implementation:

• Conducts regular assessments for assigned portfolio countries, to support the development of short-medium term strategies (3 year objectives) in coordination with the Director, partners, other donors and country business plans, to support the achievement of the regional business plan.
• Leads and coordinates the preparation of country partnership strategies and country business plans, to support the achievement of the regional business plan.
• Coordinates the implementation of the annual work plan for the assigned portfolio, in co-operation with the Director, ensuring alignment with the regional and departmental objectives, targets and KPIs.
• Coordinates work with the Director, as well as other departments on project, strategy and policy related matters.

Project cycle (Project development and processing)
In tandem with the Director, the Country Manager:

• Contributes to the identification of a pipeline of projects and identifies opportunities through partner outreach and project screening.
• Supports the sourcing of new projects and co-financing opportunities, by leveraging professional networks and relationships.
• Evaluates financing opportunities and provides support on the initial risk and financial assessments of the projects.
• Participates in project appraisals, including technical, economic, and ESG analysis, as well as project administration design.
• Coordinates and supports the full project life cycle including project identification, preparation, concept and terms clearance, due diligence and appraisal, interface with technical and loan committee as well as with management and the Governing Board.
• Ensures that legal documentation is successfully concluded (loan signed and declared effective) in a timely manner through negotiations with Government and partners with the support of the legal counsel.
• Supports project implementation, ensuring compliance with covenants, achievement of contract awards, and planned disbursements in order to achieve the envisaged project outcomes.
• Contributes to the implementation of projects, in coordination with project management teams and executing agencies, developing practical and innovative solutions to facilitate implementation, resolve implementation problems, as well as incorporates lessons learnt into the project implementation framework.
• Facilitates the procurement and disbursement processes for the project, insuring achievement of contract award, as well as successful disbursement.
• Manages day-to-day project administration, providing support to the team responsible for disbursements and loan servicing (repayments) and coordinating with Loan Management and Risk Management.

Capacity Building, Knowledge Sharing and Supervision:

• Recommends and supports the implementation of individual annual work program and budget for the assigned countries, including proposed missions and trainings.
• Contributes to institution building, and builds and shares knowledge through participation in task force groups and other meetings.
• Participates and contributes to relevant learning activities for advocacy, and knowledge building.
• Enters, updates and validates data/ information related to the assigned countries into the Management Information System (MIS/ SAP/ EDMS).
• Coaches and supervises newly appointed analysts and interns.

Partners and Relationships Management:

• In cooperation with the Director, maintains active relationships and creates new partnerships with governments, executing agencies, partner institutions with the aim of expanding strategic partnerships in the portfolio countries.
• Maintains and fosters relationships with governments’ authorities, and DFIs to maximize potential for co-financing and catalyzing resources from partners.

Qualifications and Experience:

• Master’s degree or equivalent in Economics, Finance, Engineering or another relevant field
• A minimum of five (5) years relevant professional experience.
• Preferably at least two (2) years’ relevant work experience in an international development institution.
• Fluent in English and Spanish. Good working knowledge of Arabic or French is an added advantage.

Competencies:

• 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.
• 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.
• Sense of Responsibility – The ability to demonstrate ownership and accountability in tasks and outcomes; uphold reliability and commitment to fulfilling responsibilities.

Application Closing Date
7th October, 2025.

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

Job Title: Paralegal Officer

Location: Austria
Employment Type: Fixed Term Contract
Department / Unit: Legal Services / Private Sector – Legal
Required Languages: English
Job Category: E
Recruitment Status: Local

Job Profile

• The Paralegal is responsible for supporting the private sector legal team in providing legal advice and services to the OPEC Fund’s stakeholders and conducting a variety of research and analytical work all in accordance with the institutional strategy and framework, to support the achievement of Private Sector’s long-term goals, strategic targets and annual objectives.
• The role will also serve as the Secretary to the Staff Appeals Committee (SAC) and in that capacity will report to the Chairperson of the SAC.

Duties and Responsibilities
Legal drafting:

• Drafts legal instruments (including loan and grant agreements or equivalent), as well as amendments to legal instruments

Research and analysis:

• Conducts legal research on a diverse range of policy and legal issues using varied research sources
• Presents findings/recommendations on policy issues and procedures; prepares background papers, written records of proceedings, memoranda summarizing documents, other legal source material, or equivalent
• Assists in drafting and reviewing draft documents, highlighting issues, inconsistencies, etc.
• Responds to inquiries ranging in complexity and takes decisions, subject to approved authority, with the guidance of Legal Counsels
  Participates in task/project teams as assigned required
• Serves as the project assistant for projects under the management of the private sector legal team
• Organizes project and departmental documents and records in accordance with appropriate standards and files in the appropriate document management system
• Handles tasks in absence of primary counsel with limited supervision
• Assists with portfolio management tasks (amendments, consents, waivers, cancellations)
• Assists with organizing team meetings, taking minutes and preparing reports related to various tasks
• Supports Private Sector legal counsels in the achievement of the Units goals

Stakeholder management and engagement:

• Works with external stakeholders (authorized legal officials of partner countries/institutions) and internal stakeholders (e.g. all OPEC Fund departments/units) on the subject of legal services and advice on an ongoing basis

Staff Appeals Committee (SAC) Support:

• Provides secretarial support to the Chairperson of the Staff Appeals Committee (SAC) in accordance with Chapter 3 of the HR Rules of Procedure, ensuring all procedural aspects are met in a timely and effective manner
• Manages appeal documentation, verifies compliance with applicable rules, and maintains confidential electronic case files
  Advises appellants and SAC members on procedures, coordinates meetings and hearings, and facilitates administrative arrangements
• Drafts summaries and reports of appeal cases, prepares SAC recommendations, and supports communication among involved parties
  Organizes training for SAC members and oversees the election process for staff-elected committee members.

Qualifications and Experience

• Master’s degree in law or; Bachelor’s degree in law with an additional two years of experience
• A minimum of two (2) years relevant professional experience,with a (Master’s degree) or four (4) years (with a Bachelor’s degree)
• A minimum of one (1) year at an international development finance institution is highly desirable
• Experience in human resources management, with a focus on employee relations  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.
• 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.
• Decision making – The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.
• Sense of Responsibility – The ability to demonstrate ownership and accountability in tasks and outcomes; uphold reliability and commitment to fulfilling responsibilities.

Application Closing Date
11th October, 2025.

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

Job Title: Senior Financial Settlements Officer

Location: Austria
Employment Type: Fixed Term Contract
Department / Unit: Finance / Financial Controls
Contract Type: Fixed Term Contract
Job Category: G1
Grade: Professional
Recruitment Status: International / Local
Contract Duration: Two-year fixed term appointment, with the possibility of renewal

Job Profile

• The Senior Financial Settlements Officer is responsible for coordinating the activities of the Back Office function and managing the relationship with the OPEC Fund’s custodian and house bank relationships in order to maintain excellent service and efficiency.
• The position is responsible for delivering a range of operational functions that support funding, investment portfolios, approving the settlement of trades, and issuing transaction confirmations executed by the Treasury Unit. Additionally, the Senior Officer manages Business Partner Master Data, in accordance with institutional business and compliance & controls framework.
• Then incumbent is also expected to represent the Function in various system or instrument implementation projects and working groups.

Duties and Responsibilities
Core Back Office Role:

• Executes day-to-day back-office clearance for all trade execution and portfolio servicing activities including trade review, settlement and documentation, trade confirmations, portfolio servicing across a range of products including bonds, debts, swaps, repos, deposits, FX transactions and exchange-traded derivatives.
• Monitors settlements of transactions, including purchase/sell, hedging and coupon payments.
• Manages relationship with OPEC Fund’s custodian(s), and is responsible for reporting, monitoring and reconciliation of OPEC Fund’s accounts.
• Builds and maintains strong relationships with internal stakeholders, especially Portfolio Management and Funding within Treasury, as well as with external partners including market counterparts, and custodians, issuing and paying Agents.
• Oversees collateral management, settlement of collateral (receiving and return, interest and other related payment) based on Risk Management’s guidelines, and reconciliation of collateral accounts.
• Ensures consistency of OPEC Fund’s global payment activities across multi-currencies through the OPEC Fund’s House Bank accounts with efficient and accurate implementation of payment.
• Confirms House bank accounts are monitored efficiently to secure sufficient liquidity for the OPEC Fund’s operational and disbursement requirements.
• Works closely with the Information Technology Unit to ensure the use of up-to-date technology for financial-related database management and foster system upgrades.
• Verifies the consistent interpretation and application of controls framework requirements across the team’s processes and work program.
• Collaborate across internal and external organizational boundaries in finding solutions and delivering results.
• Provide leadership and guidance to the Back Office team.

Coordination:

• Effectively prioritizes and delegates work assignments within the team effectively, developing and implementing solutions that drive efficiency while ensuring positive experiences and interactions with the Back Office team, trade execution desk and external counterparts.
• Coordinates and communicates closely with Treasury and other counterparties as well as external service providers such as the OPEC Fund’s custodian.
• Acts as focal point for Operations, Loan Management, Procurement and House Banks in resolving issues with debit-payments and repayments.

Accounting:

• Ensures the application of necessary accounting procedures corresponding to settlement activities
• Validates calculations of Member Country capital/contributions, maintenance of related databases and calculation of balances and annual share price
• Validates treasury transactions, valuations based on regular periods, calculation of accruals, realized/unrealized gains or losses, interest income on accrual basis and other tasks

Reporting:

• Reviews and contributes to periodic reports for disclosure of OPEC Fund’s financial reports and for use by the OPEC Fund’s Management and Governing Board.
• Responds promptly to internal and external inquiries, underpinning OPEC Fund’s strong customer service image.
• Carries out other tasks assigned by the Director, Financial Controls, that are related to the job function.

Qualifications and Experience

• Master’s Degree in Finance, Banking, Business Administration, or a closely related field
• A minimum of 10 years relevant professional experience, of which five (5) years should have been in an international development institution
• Bachelor’s degree in Finance, Banking, Business Administration or a closely related field combined with a minimum of 15 years of directly relevant work experience (i.e. settlement; treasury support), including at least five (5) years of progressively responsible experience, may be considered in lieu of a Master’s degree
• Deep understanding of financial instruments including loans, bonds and swaps is required
• Proficiency with commonly used treasury management systems (e.g. SAP, Bloomberg, etc.) is required
• Proven successful experience in leading and managing people and guiding and motivating teams
• Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.

Competencies:

• Collaboration and Teamwork – The ability to actively foster a cohesive team environment, adeptly communicate and collaborate across diverse departments to achieve shared goals, ensuring team members work cohesively and efficiently.
• 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.
• Effective Planning and Follow Up – The ability to set clear goals and priorities, skillfully organize tasks for efficiency and 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, guiding the team’s approach to complex problem-solving.

Application Closing Date
22nd October, 2025.

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
12th October, 2025.

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