Portfolio Management Officer

Job Description

This is a re-opening of the vacancy. Candidates who already applied do not need to re-submit their application.

Job Profile:

The Portfolio Management Officer supports the management of OPEC Fund’s fixed income Liquidity Portfolios to ensure capital preservation, liquidity, and sustainable returns in line with the Fund’s approved policies and objectives.

Duties and Responsibilities:

Portfolio management

• Formulates and presents investment recommendations in fixed income securities, derivatives, foreign exchange and money market instruments in line with approved policies and guidelines, contributing to the efficient management of the Liquidity Portfolio (LIQP)
• Executes dealing operations for internally managed Treasury portfolios as well as hedges related to OPEC Fund’s loan portfolio and balance sheet
• Supports OPEC Fund’s ECP issuance and repo activities for short-term liquidity management
• Maintains and develops relationships with portfolio management and related business partners including but not limited to deposit counterparties, brokers/dealers and derivative/Forex counterparties
• Supports the implementation and enhancement of Treasury portfolio management infrastructure

Data collection and analysis 

• Performs market research, financial and economic analysis, and prepares reports as required

Monitor and Reporting

• Tracks and manages OPEC Fund’s cash flow status, cash position and overall liquidity position
• Ensures compliance with relevant risk limits, including but not limited to single counterparty, sector, and foreign exchange (Forex) limits, etc.
• Performs ongoing evaluation of treasury counterparties’ credit standing
• Conducts ongoing monitoring and performance assessment of banking and broking counterparties
• Coordinates front office activities with the Financial Management Function of Treasury which performs reporting
• Monitors and analyzes External Portfolio Managers’ investment strategies and performance, including risk and performance attribution reporting

Policy development and implementation

• Contributes to the formulation/development of portfolio management related guidelines and policies for internal and external managed portfolios  

Carries out other tasks assigned by the Head of Portfolio Management, or Treasurer, that are related to the job function.

Qualifications and Experience:

• Master’s degree in Business Administration, Finance, Business, Economics and Banking or a closely related field
• A minimum of five (5) years of direct relevant professional experience, of which two to three (2-3) years should have been in an international financial institution
• Strong familiarity with portfolio management theory and practice is required
• Strong analytical skills with extensive experience interpreting financial data
• Demonstrated expertise in trading and hedging
• Proficiency in Bloomberg Terminal and MS Office suite, including Word, Excel and PowerPoint
• Database related programming skills (SQL, JAVA, Python, Power BI and etc.) are an added advantage
• Proficiency in data management and analysis tools is required
• Strong analytical and reporting skills are essential
• Familiarity with MDB investment guidelines, strategies, and reporting requirements is an added advantage
• Fluent in English. Good working knowledge of Arabic, French, German or Spanish is an added advantage.

Competencies:

• Collaboration and Teamwork - Ability to effectively collaborate with colleagues, stakeholders (internal and external), and partners from diverse backgrounds, cultures, and perspectives to achieve shared goals.
• Effective Communication - Ability to articulate ideas and information clearly and persuasively across various channels and audiences, integrate communication best practices, and ensure messages are tailored, culturally sensitive, and impactful, promoting active listening and feedback mechanisms.
• Results-Orientation - Ability to effectively achieve results through proactive ownership, decisive action and strategic planning. ensuring goals are met within specified timeframes and in alignment with OPEC Fund’s strategic direction
• Learning Agility and Adaptability - Ability to swiftly learn, unlearn, and adapt to changing circumstances and emerging challenges, with a commitment to continual growth through embracing new ideas, technologies, updating functional expertise, and facilitating organizational resilience
• Stakeholder and Impact Focus - Ability to prioritize and address the needs and expectations of diverse stakeholders to achieve sustainable impact through stakeholder mapping, ensuring effective relationship management, transparent and timely communication, and aligning their contributions with OPEC Fund’s mission to deliver long-term, positive outcomes
• Accountability - Ability to take responsibility for one’s actions, decisions, and their outcomes, demonstrating integrity and reliability, adhering to established internal controls, setting clear expectations, and maintaining a high standard of ethical behavior.

*Please note that the recruitment modality for professional positions (international or local) will be determined in line with the OPEC Fund’s policies and procedures, and based on the candidate’s nationality and residency status at the time of appointment.

Nationals from the Member Countries of the OPEC Fund for International Development are strongly encouraged to apply. The Member Countries are: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, and Venezuela.

About the Organization

The OPEC Fund for International Development (the OPEC Fund) is a multilateral development finance institution, founded in 1976. The organization was established with a distinct mandate: to drive development, strengthen communities and empower people. The OPEC Fund’s work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. OPEC Fund’s vision is a world where sustainable development is a reality for all.

The OPEC Fund is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world.

Further information about the OPEC Fund can be obtained from its web site: https://opecfund.org/career-opportunities/overview