[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 in implementing the 2030 agenda and its 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.
Job Purpose
The Treasury Associate provides essential analytical support and services for daily cash management operations. This role focuses on 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. Working closely with the Treasury Officer and Investment Specialist, the incumbent supports cash flow forecasting, imprest management analysis, and the repatriation of excess funds, contributing to a resilient, flexible, and scalable global support model for UNDP's financial operations. The position aims to enhance the efficiency, transparency, and automation of treasury functions in line with digital transformation trends.
Responsibilities
Key responsibilities include supporting Country Offices 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. The role involves analyzing short-to-medium term cash flow requirements and processing EFTs. Additionally, the Treasury Associate conducts periodic reviews of bank account signatory updates, ensuring compliance with regulations and internal controls, and liaising with banking partners. The incumbent manages and resolves inquiries and payment issues from Country Offices, processes payment recalls, and investigates rejected payments. Responsibilities also extend to coordinating the publication of UN Operational Exchange Rates (UNORE), monitoring Country Office compliance with internal control frameworks and cash management policies, and preparing periodic cash management reviews for Country Offices and Bureaux. Facilitating knowledge sharing on financial management best practices is also a key duty.
Work Experience
A minimum of seven years of experience with secondary education, or four years with a Bachelor's degree, in corporate treasury, FX operations, banking, or financial analytics is required. 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: Achieving Results, Innovative Thinking, Continuous Learning, Adaptability, Determination, Engagement, and Inclusion. Technical Competencies: Treasury Cash Management, Banking and Cash Management, Finance Business Partnering, Customer Satisfaction/Client Management, Communication, Anti-fraud and Anti-bribery and Corruption.