- *Job Description**
- *Background**
\nThe Bureau for Management Services’ Office of Financial Resources Management (BMS/OFRM) supports the United Nations Development Programme (UNDP) in the implementation of the 2030 agenda and UNDP’s Strategic Plan. It achieves this by developing and making fully operational a dynamic and harmonized integrated resource management framework based on comprehensive analysis that enhances UNDP’s financial and administrative performance, as well as facilitating UN reform and coherence. The primary role of BMS/ OFRM is to maintain the financial integrity of UNDP through providing functional leadership, supporting the efficient and effective management of its financial resources, promoting financial sustainability and responsible resource allocation. This is accomplished by the development and implementation of sound financial policies and practices, oversight of corporate financial management performance, and versátil scalable support to resource allocation. BMS/OFRM serves as a business partner to Bureau and Country Offices, providing sound financial management, advisory and analytical services, with a view to continuously improving the financial management performance of business units and supporting Bureau in the exercising of their oversight functions.\n
Within OFRM, the Treasury Division oversees cash, currency and banking risks globally in over 130 countries and over 100 currencies, managing the organization’s liquidity with centralized investment of excess cash balances to meet its liabilities.
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Treasury
\nDivision maintains policy and oversight of global payments and receivables, cash management, manages banking relationships, compliance, and KYC.\n
The Treasury
\nDivision safeguards UNDP’s financial assets and ensures efficient, transparent global payments supporting programme delivery. As digital technologies transform global finance, Treasury is accelerating modernization to enhance speed, cost efficiency, transparency, and automation.\n
- *Position Purpose**
\nReporting to the Investment Manager, Treasury Division, Office of Financial Resources Management, the Investment Specialist is responsible for the tactical execution and implementation of UNDP’s investment and foreign exchange operations, including treasury services provided to other UN agencies under established service level agreements.\n
The Investment
\nSpecialist supports the efficient deployment and implementation of approved strategies and ensures the accurate and timely execution of transactions in accordance with UNDP investment guidelines, policies, and risk parameters.\n
The Investment Specialist serves as a technical specialist in foreign exchange, money markets, fixed income instruments, and banking operations. This role contributes expert analytical input and operational guidance to Treasury colleagues, other OFRM units and Country Offices and supports a client-oriented approach through continuous engagement with external counterparties, custodians, banks, and market service providers.
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The Investment
\nSpecialist ensures consistency with UNDP financial regulations and rules and alignment with recognized best practices in foreign exchange and investment management.\n
UNDP adopts a portfolio approach to accommodate changing business needs and leverage linkages across interventions to achieve its strategic goals. This is a recognition of interconnected nature of development risks & crises that the world is facing and that call for assembling of multidisciplinary teams for an integrated & systemic response. Therefore, UNDP personnel are expected to work across issues, units, functions, teams and projects in multidisciplinary teams in order to enhance and enable horizontal collaboration.
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- *Duties And Responsibilities**
- *Design and Execution of UNDP’s Country Office (CO) Foreign Exchange Operations**
- Leads the formulation of UNDP’s FX Optimization program, to reduce volatility, improve revenue and expense predictability, and maximize purchasing power.
- Responsible for the execution and day-to-day delivery of UNDP’s foreign exchange operations in support of country office liquidity requirements, including the FX Optimization program, with the objective of managing currency risk, enhancing funding efficiency, and generating value within approved risk parameters.
- Prepare, execute, and settle foreign exchange transactions (spot, forwards, swaps, and other approved instruments) to support country office replenishments and centralized liquidity management.
- Coordinate closely with country offices to ensure timely and accurate delivery of local currency funding in accordance with operational requirements and payment schedules.
- Monitor emerging-market FX conditions, liquidity dynamics, and execution constraints, and recommend execution approaches to mitigate cost, timing, and sett