UN Treasurer (Chief of Service, Finance and Budget)

The UN Treasurer (Chief of Service, Finance and Budget) leads the Financial Risk Management Service within the Finance Division, overseeing treasury functions including cash management, investments, banking operations, insurance, and risk management. The role involves developing policies, managing financial relationships, and leading a team to ensure financial flexibility and security for the United Nations Secretariat and related entities.

Responsibilities

• Develops banking and investment policies, rules and procedures to increase the availability, security and income from all financial resources of the United Nations, for all Secretariat entities, including offices away from Headquarters (OAHs), regional economic commissions, peacekeeping and special political missions.
• Provides leadership and support to Agencies, Funds and Programmes of the United Nations when requested; develops, negotiates and manages innovative banking agreements with appropriate terms and conditions that meet the unique global requirements of the Organization, including global cash pooling and single account arrangements.
• Co-chairs the Treasurers Working Group of the system-wide Finance and Budget Network.
• Establishes, manages and maintains arrangements with commercial banks, Central Banks and multilateral institutions to effect cost-effective, operationally effective and secure payments; develops and institutes cash handling policies and procedures, including banknote transportation, for use system-wide, including by the Agencies, Funds and Programmes, in conjunction with the Department of Safety and Security and local government institutions; establishes the UN operational rates of exchange, and negotiates with Governments for access to the appropriate rates of exchange; prepares cash and currency flow forecasts and projections, and manages the Organization's exposure to risks with respect to Treasury operations.
• Develops strategies, policies and procedures for the investment of funds world-wide across a range of financial instruments in multiple currencies; establishes appropriate custodian arrangements, and supervises investment activities, in compliance with the Financial Regulations and Rules, and the guiding Principles and Policies for Investments of the United Nations.
• Develops procedures, in conjunction with Contributions Service, to facilitate Member States assessed and voluntary contributions; establishes strategic relationships with financial institutions, including Central Banks, Treasuries and financial supervisory institutions to respond to the Organization’s needs in challenging jurisdictions.
• Determines appropriate use of information technology, leveraging digital integration to provide cost-effective and secure payments; oversees negotiations of ISDA Master Agreements in coordination with the Office of Legal Affairs (OLA); oversees technological solutions for anti-fraud mechanisms in digital payment systems and/or cheques of the Organization.
• Leads and motivates a team of staff that performs the day-to-day treasury functions in support of the above Treasury responsibilities, to deliver quality service to its clients.
• Provides direction and guidance to the Cashier Section, including receipt, custody and disbursement of funds, liquidity for the global cash pool; execution of trading in fixed income, equities, money market instruments and, as appropriate, execution of foreign exchange transactions; formulation and delivery of the FX hedging programme and budget rate setting.
• Provides direction and guidance to the Global Banking Services, including Requests for Proposals (RFPs) programmes for banking services; negotiations to secure banking arrangements and formalization of banking agreements, in coordination with the Office of Legal Affairs (OLA) and other stakeholders, to ensure compliance with legal and institutional requirements.
• Provides direction and guidance to the Investments Section, including implementation of investment policy, strategy and procedures for all funds, permissible market instruments and limits and monitoring global financial markets, credit conditions, and ratings changes, and approval of financial institutions and counterparty limits. Ensures timely reporting to the Investment Committee and other stakeholders.
• Provides direction and guidance to the Risk and Compliance Section, including strategic oversight of the design and development of risk and compliance reporting frameworks; risk-based reviews to identify control gaps, assess vulnerabilities; and developing secure payment solutions to protect transactions and optimise treasury processes.
• Provides direction and guidance to the Health and Life Insurance Section, including formulating policies and procedures governing the United Nations health and life insurance programmes and overseeing the management and delivery of health and life insurance service operations.
• Provides direction and guidance to the Risk Management Section, including authoritative interpretation of Financial and Staff Regulations and Rules; delivers policy guidance to senior management and local claims boards; and exercising managerial oversight of the section’s handling of claims submitted to the Advisory Board on Compensation Claims and the United Nations Claims Board.

Requirements

• An advanced university degree (Master's degree or equivalent) in finance, business, or a related field is required.
• A first-level university degree (Bachelor's degree or equivalent) in combination with two additional years of relevant work experience may be accepted in lieu of the advanced university degree.
• A minimum of 15 years of progressively responsible experience in treasury and finance, including investments, cash management, banking, payments and foreign exchange in international markets, is required.
• A minimum of 10 years of experience in financial operational management at the international level, including supervision of investments is required.
• A minimum of 10 years of experience in managing relations with key stakeholders, such as member state representatives, monetary authority/central bank representatives is required.
• Experience in managing high-performing finance teams is required.
• Experience in accounting and budgeting is required.
• Experience with the Society for Worldwide Interbank Financial Telecommunications (SWIFT) electronic banking platform and electronic trading platforms, such as Bloomberg or similar, is required.
• Experience in working with other electronic banking platforms is desirable.
• English is required at UN Level III proficiency in reading, writing, listening and speaking.

Skills

• Treasury Management
• Cash management
• Investment Management
• Banking Operations
• Foreign Exchange Risk Management
• Financial Operational Management
• Financial Risk Management
• Supervision of Investments
• Stakeholder Relationship Management
• Finance Team Leadership
• Accounting
• Budgeting
• SWIFT Electronic Banking
• Electronic Trading Platforms
• Financial Policies Development

Languages

English