Job closed
Ref: SP157-86
Job description / Role
Closing on: June 17, 2024 at 11:59pm (China Standard Time)
Based in: Shanghai, China
Target Market: Global recruitment
Reporting to the Director General, Finance, Budget and Accounting, the incumbent will be responsible for leading the processes of loan disbursement management and treasury settlements at the Bank, and implementing processes, guidelines and policies relating to loans disbursements, managing project loan disbursements after approvals, and managing all Treasury back office functions.
Specific responsibilities include but not limited to:
• Work in close coordination with the Project Finance team during and after disbursement of loans and oversee the schedule of re-payment of disbursed loans.
• Lead and execute the processes for project loan disbursement after project approvals, maintaining a system of controls over accounting transactions.
• Manage the relationship and day-to-day transactions with counterparty banking parties.
• Work in close co-ordination with the Treasury team to manage all settlements of treasury deals.
• Manage the internal controls relating to treasury back office and loan related activities.
• Oversight of all treasury back office reporting to Treasury Sub Committee as well as the Finance Committee.
• Manage processing of all loan disbursements and treasury settlements in respective systems of the Bank.
• Analyze the business processes of Finance, Budget and Accounting Division, elaborate recommendations for processes improvements, and develop, maintain and ensure implementation of IT projects in close coordination with the IT Division.
• Collaborate with IT Division on defining future FBA processes and roadmap.
• Nurture talent and coach the team to ensure continuous learning and development.
• Other duties and responsibilities assigned from time to time.
Requirements:
Position requirements:
• Minimum of 12 years of relevant professional experience in a multilateral development bank or equivalent or regulated private/public sector financial institution.
• Strong knowledge of Treasury back-office settlements and Treasury Products/Instruments
• In-depth knowledge of financial service sector, financial accounting principles, loan management system, treasury system and their applications.
• Prior experience of implementing technology for loans and treasury back-office functions is a preference.
• Strong leadership and managerial skills in managing a diverse workforce.
• Exceptional strategic thinking, leading change, problem-solving, communication and interpersonal skills with high resilience and drive in achieving objectives and goals.
• Relevant experience in a multi-cultural work environment fostering a climate of teamwork and collaboration.
• Master’s Degree or equivalent in a relevant professional field from a reputed university or a professionally qualified accountant.
About the Company
The New Development Bank (NDB) is a multilateral development bank (MDB) established by Brazil, Russia, India, China and South Africa (BRICS) with the objective of financing infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries. NDB’s work complements the efforts of multilateral and regional financial institutions, toward global growth and development.
Our work is centered around maximizing the impact of development in a fast, flexible and efficient manner. To catalyze the kind of development we envisage, we are always keen to listen, learn and collaborate with other MDBs, governments, financial institutions and social organizations.
To fulfill its purpose, the Bank supports public or private projects through loans, guarantees, equity participation and other financial instruments.
Our headquarters is in Shanghai, China. The geographic distribution of NDB’s operations is becoming increasingly balanced as the Bank develops its capacity to identify and prepare projects in all member countries. The first regional office of NDB – the Africa Regional Centre (ARC) – was opened in Johannesburg, South Africa, in August 2017. In July 2019, NDB began to build the Americas Regional Office team, based in São Paulo, Brazil, with a sub-office in Brasília. NDB and the Government of Russia signed the Agreement on the Hosting of the NDB Eurasian Regional Centre in Moscow, Russia on the sidelines of the 11th BRICS Summit in Brasília in November 2019.