Treasury Officer (middle Office)

Organizational Context

The International Organization for Migration (IOM), a UN-related organization established in 1951, promotes humane and orderly migration globally. It supports governments and migrants by saving lives, protecting people on the move, resolving displacement, and facilitating legal migration pathways. IOM fosters an inclusive and supportive workplace to maximize the benefits of migration.

Job Purpose

The Treasury Officer (Middle Office) oversees the Middle Office (MO) function within IOM's Treasury Division, acting as a crucial control and oversight layer between deal execution (Front Office) and settlement/accounting (Back Office). This role is responsible for systematically identifying, monitoring, and reporting financial risks. The incumbent ensures adherence to Treasury policies, internal controls, and risk management best practices across all IOM Country Offices and Headquarters. They provide essential guidance on Know Your Customer (KYC) processes with banking counterparties and coordinate contract reviews with the Legal Department, working collaboratively with various Treasury teams and the Risk Management unit.

Responsibilities

The Treasury Officer (Middle Office) is responsible for monitoring counterparty credit risk and controlling global IOM internal bank accounts. This includes conducting annual Expected Loss (ECL) calculations, managing credit risk assessment tools, and monitoring operational risks within Treasury processes. The role involves generating and analyzing risk reports, ensuring front office activities stay within approved limits, and maintaining the Treasury Risk Register. Additionally, the officer assesses bank service charges, manages Master Banking Agreements, controls bank signatory lists, and leads the KYC process for HQ banking counterparties. They also manage the corporate credit card program and review FX provider competitiveness. Compliance with financial regulations and Treasury policies, monitoring sanctions compliance, and acting as a focal point for auditors are key duties. The role involves developing and maintaining internal controls, establishing and monitoring Treasury KPIs, and supporting capacity building for Country Office finance staff on risk management and KYC procedures.

Work Experience

Experience with Treasury Management Systems (TMS), within the UN system or similar international organizations, and in financial risk management is required. Experience in producing financial and risk reports for senior management, and in KYC processes and bank relationship governance is also essential.

Skills

Familiarity with treasury legal documentation, FX exposure methodology, and investment products. Proven experience in corporate credit card management, Middle Office functions (risk monitoring, internal controls, compliance), Oracle Cloud ERP, and IPSAS-based financial reporting. Ability to synthesize complex financial data into actionable insights and strong attention to detail are crucial.

Explore related opportunities