Treasury Associate - (re-Advertisement) - [open To Internal And External Applicants Who Are Nationals Of The EU, EEA And Switzerland]

Organizational Context

The Bureau for Management Services’ Office of Financial Resources Management (BMS/OFRM) supports UNDP's strategic plan by enhancing financial and administrative performance. The Treasury Division, within BMS/OFRM, manages global cash, currency, and banking risks across over 130 countries, overseeing liquidity, investments, payments, and banking relationships to safeguard financial assets and ensure efficient global payments. This role supports the modernization of treasury operations.

Job Purpose

The Treasury Associate provides essential analytical support and services for daily cash management operations under the supervision of the Treasury Specialist. This role is crucial for monitoring imprest cash levels, conducting compliance oversight, and resolving issues related to local cash management, HQ cash replenishment, petty cash, and bank account signatory management. The incumbent collaborates with the Treasury Officer and Investment Specialist to optimize Country Office (CO) replenishment, repatriate excess funds, and analyze data for CO imprest management and cash flow forecasting. The ultimate goal is to ensure a resilient, flexible, and scalable global support model for treasury functions, contributing to UNDP's financial integrity and operational efficiency.

Responsibilities

Key responsibilities include supporting Country Offices (COs) with adequate local and hard currency balances by providing analytical and modeling support for cash-flow forecasting, assessing optimal currency positioning, and validating replenishment requests for compliance. The role involves analyzing CO cash flow requirements and processing EFTs. Additionally, the Treasury Associate will conduct periodic reviews of bank account signatory updates, ensuring compliance with regulations and segregation of duties, and liaising with banking partners. The position also entails managing and resolving CO inquiries and payment issues, coordinating the publication of UN Operational Exchange Rates (UNORE) by collecting, validating, and analyzing exchange rates, and monitoring CO compliance with internal control frameworks and cash management policies. Finally, the role involves preparing periodic cash management reviews for COs and Bureaux, synthesizing performance indicators into executive briefs, and facilitating knowledge sharing on financial management best practices.

Work Experience

A minimum of seven years of experience with secondary education, or four years with a Bachelor's degree, is required in corporate treasury, FX operations, banking, or financial analytics. Experience with ERP financial systems, banking, cash management, global payment systems, and advanced proficiency in Excel, BI, and database packages are essential. Knowledge of IPSAS, IFRS, or GAAP is expected. Experience in AI, digital transformation, and process automation is desirable.

Skills

Core Competencies: Results Achievement, Innovative Thinking, Continuous Learning, Adaptability, Determination, Engagement & Partnership, Diversity & Inclusion. Technical Competencies: Treasury Cash Management, Finance Business Partnering, Banking and Cash Management, Customer Satisfaction/Client Management, Communication, Anti-fraud and Anti-bribery and Corruption.

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