Careers | IBEC

IBEC is a highly professional international team capable to fulfil the strategic development goals of the Bank

Presentation for potential candidates for vacancies at IBEC Download PDF, 2 Mb

KEY FEATURES OF THE IBEC BRAND AS AN EMPLOYER

Established in 1963, International Bank for Economic Co-operation is a unique multilateral development bank with a rich history and consistently professional staff at all stages of it`s development. As a unique financial institution, which has passed a series of internal reforms and is successfully developing at the moment, the Bank under the legendary brand «IBEC» is contributing for professional and career growth of employees within an international business environment and partnership, keeping traditions of the past and developing in the step of the times.

Our Values

We respect the values, culture, beliefs, traditions, business practices of our clients, partners, communities and people around the world.
We conduct business honestly and transparently, we are responsible for our words and our actions.
We are ready to listen and hear in order to resolve all issues together through dialogue, finding mutually beneficial solutions and compromises.
We are ready to help those who need it in order to achieve results together.

We serve our people, our clients, our business.
Our work is multilateral financial diplomacy.
We remain committed to our business even in difficult and unfavorable conditions.
We are motivated by developing ideas and turning them into reality.

We are a team of professionals; we take smart, calculated decisions.
Our dedication and affection with business help us cope with any problems.
We keep our focus on the most important, without wasting resources.
We stand for consistent achievement of goals and self-improvement.

Diversity, differences and versatility are our strengths. We enrich each other.
We are open to new partnerships to move forward together.
We do not retreat when faced with obstacles, but see opportunities and move forward.
Our priority is investment in value creation.

Managing Director, Customer Relations Division of the Customer Relations Department (Asia)

Duties and Accountabilities:

Searching and introducing to the Bank potential corporate and other clients from IBEC member countries (primarily Mongolia) and from the third countries, if the activities of such clients are directly related to the IBEC member countries. Ultimate job purpose is contracting the clients for IBEC settlement and cash services, transactions with the Bank through trade finance and credit operations.
Advise clients on the full range of IBEC products.
Collect comprehensive set of documents required for IBEC to open, process transactions and closing of Bank accounts for customers, as well as for analysis and review of credit transactions.
Collect information on credit and trade finance transactions that potential clients are seeking to execute.
Assist in obtaining from clients the proper documents to open and maintain clients' bank accounts
Participate in the promotion of IBEC marketing and presentation materials.

Selection Criteria:

University degree in Economics, Finance of Foreign Trade.
At least 3 years of specialized experience in Corporate and Investment fields, Finance and Banking (including foreign economic activity). Leadership experience for at least 1 year is an advantage.
Experience in credit and investment transactions for corporate clients (direct lending, trade and structured financing, cash management) in a position similar to the position of "Managing Director" in terms of scale and level of responsibility.
Experience in the implementation of complex structured credit and investment transactions, with non-resident corporate clients of different countries.
Experience in implementing transactions under Mongolia's Government Business Support Programs or supporting exports from other countries as an advantage (including experience in attracting subsidies and preferential funding).
Experience in top 5 Banks in Mongolia or foreign financial organizations is considered as an advantage.
Knowledge of:
- corporate and investment business, international economic relations, banking products (including settlement); main parameters of interaction and development of relations between banks and organizations;
- main banking products and their structuring for corporate clients;
- credit, documentary and transactional products for legal entities at the expert level;
- Mongolia's legislation for the corporate sector (including banking, insurance, collateral, etc.) as an advantage;
- support programs for Mongolia's corporate and SME sectors as an advantage.
Skills:
- creating a sales network from scratch;
- conducting negotiations and presentations;
- financial analysis at a basic level (additional advantage).
Availability of key contacts in the corporate and banking sector.
Availability of key contacts in business support institutions in China, Japan and other countries as an advantage.
English and Mongolian - fluent (at least C1 level).
Russian or Chinese as an advantage.
Advanced user of MS Office.

Director of Administrative Department

Duties and Accountabilities

To organize work and monitor activities in the following areas:
- In order to ensure complete and reliable reflection of IBEC operations in the financial statements:
- organize the search for tenants, negotiations and conclusion of commercial lease agreements for real estate in the interests of the Bank;
- organize purchases of goods and services in the interests of operational and technical services of the Bank on the initiative of the Management and in accordance with the decisions of Collegial Bodies or at the request of departments in accordance with the regulatory documents of the IBEC;
- provide high-quality maintenance and operation of the IBEC building complex, including, but not limited to, routine scheduled and requested repairs, organization of control over utility bills, control and proactive repair and maintenance of communications, ventilation systems, water supply, fire extinguishing, etc.;
To organize transportation services, fleet management, catering services and other administrative services in the interests of the Bank and its employees;
To organize usage and cleaning of the adjacent territory, as well as to organize working interaction with municipal authorities.
Develop and achieve key performance indicators in your area of responsibility.

Selection Criteria

University degree in Finance, Economics, International Economic Relations, Engineering or Natural Sciences;
Specialized experience – at least 7 years in the field of real estate management and operation of commercial buildings and structures;
Experience of interaction with local authorities and service providers regarding the issues of operation and maintenance of real estate;
Experience in managing independent business units;
Work experience in foreign or international financial organizations is considered as an advantage;
Knowledge of legislation in the field of commercial real estate transactions, building standards and regulations, requirements of federal and municipal authorities to owners of commercial real estate;
Skills in organizing interaction with shareholders, tenants, utility suppliers, contractors in the field of repair, maintenance, operation and construction;
Deep awareness of the issues of fire safety, emergency response, understanding of industrial safety requirements, occupational health and safety;
Skills of establishing, maintaining and developing relationships with internal and external clients, accuracy, attention to detail;
Organizational skills and the ability to achieve results in a multitasking environment; stress tolerance, adaptability to changing business conditions, active teamwork;
English – advanced (at least B2 level);
Russian – fluency (including oral) (level not lower than C1);
Advanced MS Office user.

Lead Manager, Customer Relations Division of the Customer Relations Department

Duties and Accountabilities

Consult clients on the entire range of IBEC products
Collect information on clients’ demand for IBEC credit, documentary, transactional, deposit products
Analyze planned client transactions by: currencies, contracts, payment orders, as well as other requirements
Ensure the collection of a complete set of documents required for submission to IBEC in connection with the opening, processing and closing of bank accounts of new clients, as well as for the review and analysis of credit and documentary transactions
Carry out internal procedures in IBEC within the framework of accepting a potential client for banking services (settlements, cash services, deposit placement), including carrying out the necessary KYC (Know Your Customer) procedures
Organize signing of the necessary documents for opening an account
Organize access and connection of the remote banking system for the Client to open accounts
In cooperation with business units coordinate issues of foreign currency and ruble foreign payments of clients; preparation of requests to Clients and provision of necessary documents upon business units’ request
Support Clients in their daily operational activities

payments in currencies of open accounts, support in operating remote banking services (except for technical issues), setting up/removing currency contracts, etc
providing certificates, statements and other documents at the request of the client as part of work on open bank accounts
timely updating of information from Clients on open accounts and remote banking services
preparation of information messages for sending to clients: about opening accounts, the Bank’s operating hours on holidays, etc
organization of work to ensure Clients’ commissions payment on open accounts and transactions carried out in accordance with the Bank’s Tariffs

Preparation of drafts of non-standard settlements and cash services agreements, Agreements on the placement of funds in deposits and coordination with the Bank business units

Selection Criteria

University degree: Economics, Finance and Banking
Specialized experience – at least 3 years in the field of corporate banking, in the field and issues of interaction with corporate clients. Direction: work with corporate clients - consulting, documentation and support, settlement and cash services
Business and personal competencies: experience in maintaining interaction with corporate clients, consulting on the product line, documentation support at all stages of working with the client, settlement and cash services support
Knowledge:
- the specifics of working with corporate clients of the Russian Federation of various segments
- fundamentals of Russian banking legislation in the field of corporate investment products and transactional business
- the legal framework for the preparation by corporate clients of charter and other documents for the formation of a banking client file
Professional competencies

conducting negotiations with current and potential corporate clients
conducting business correspondence with clients
knowledge of banking products and services for corporate clients, including settlement and cash services and deposit placement

English – at the B2 level and above
Russian – high level of proficiency, including oral (level not lower than C1)
User of MS Office

Chief Economist, Financial Planning and Reporting Division of the Financial Department

Duties and Accountabilities

Participation in the process of preparing the Bank's planning documents for the relevant year; collection and systematization of information from the Bank's structural divisions in the process of preparing planning documents in terms of indicators for the core banking activities.
Participation in the process of progress monitoring the execution of the Bank's parameters fixed in the planning documents.
Participation in the process of building a forecast of the Bank's financial result and individual financial indicators.
Participation, and in the future, independent conduct of financial analysis and assessment of the financial condition of the Bank.
Development and compilation of management reports on individual indicators for the core banking activities, provided to the management bodies of IBEC, at the request of the Bank's structural divisions, as well as at the request of rating agencies and external counterparties.

Selection Criteria

University Degree in Finance, Economics, Banking;
Work experience:
- in the field of preparation of management reports for at least 3 (three) years;
- in the field of planning - at least 3 (three) years;
- in the financial and banking sector for at least 3 (three) years;
- in the position of chief economist/head of department in the financial and banking sector for at least 3 (three) years;
Experience in international and national development banks is an advantage;
The experience of working with ABS "CFT-Bank" will be an advantage;
Verbal and written English (B2 and above);
Fluency in conversational and writing Russian;
Confident user of MS Office and MS Outlook.

Chief Specialist, Security Department

Duties and Accountabilities

Development and enhancement of information security (IS) architecture within the Information Security Management System (ISMS).
Information security risk management (methodology, assessment, and processing).
Development and updating of policies, procedures, and instructions in accordance with ISO 27001.
Interaction with auditors, conducting SWIFT system audits.
Employee training and education in IS issues.
Strategic planning and reporting to the Department and Bank management.

Selection Criteria

University Degree in Mathematics, Physics, Information Technology, or other technical disciplines.
Experience in information security at a bank at expert level or higher position for 5 or more years.
Knowledge:
- Detailed knowledge of the ISO/IEC 27000 family of standards, understanding of the NIST CSF;
- Knowledge of risk management methods (ISO 27005), PDCA, and SDLC cycles;
- Understanding of the fundamentals of the Bank's business processes and how Information Security is integrated into them;
- Knowledge of security architecture principles and maturity models.
Skills:
- Ability to develop information security policies, standards, and procedures. Ability to conduct interviews and gather requirements;
- Ability to plan ISMS implementation activities, manage budgets and resources, and monitor the implementation of risk treatment plans;
- Ability to conduct a qualitative information security risk assessment and prioritize risk assessments;
- Skills in preparing and delivering presentations to management, training employees, and interacting with auditors.
Advanced MS Office user.
Russian – strictly high level of proficiency (including verbal) (level not lower than C1).
English – within the limits of professional activity (level not lower than B2).

Head of Credit and Documentary Operations Division, Operations Department

Duties and Accountabilities

Provide full operational support for credit and documentary transactions: verifying documents for letters of credit and guarantees, drafting agreements, monitoring client fulfillment of obligations, and ensuring timely payments.
Develop and update internal regulatory and contractual documents, provide operational support for the implementation of new products and process automation.
Organize the Division’s work and ensure its continuity.
Prepare technical specifications for the automation of operational processes within the Division’s purview.
Organize and conduct testing of the Bank's operating systems within the Division’s purview.
Make suggestions for improving and enhancing operational processes, the Division’s work, and interactions with related Bank divisions.

Selection Criteria

University Degree in Finance, Economics or Law.
At least 3 years of experience in a similar position. At least 10 years of experience in accounting for corporate credit and documentary transactions, credit obligations, and credit and documentary portfolio management.
Knowledge of the CFT-Bank ABS and SWIFT payment standards.
Advanced MS Office user.
Native-level Russian mastery (verbal and written), including skills and practical experience drafting legal documents in Russian.
English – within the limits of professional competence (level B2 or higher).

Head of Business Direction (LORO), Client Settlement Operations Support Division, Operations Department

Duties and Accountabilities

Leading work and organization of function.
Representing the department's interests in conjunction with other bank divisions and LORO respondents.
Full operational support and control:
- Full support for settlement transactions on LORO accounts (payments, account and client file management, correspondence).
- Control and quality assurance of settlements.
- Control over transaction execution and timely identification of violations and risks.
Developing and updating internal documents and regulations.
Participating in the implementation of new products, leading automation initiatives and testing systems.
Preparation and provision of all necessary information upon requests from internal and external audit bodies (auditors, audit commission), clients and the performance of operational tasks.

Selection Criteria

University Degree in Finance or Economicsе.
Work experience of at least at least 5 years in a similar position supporting LORO transactions.
Advanced MS Office user. Knowledge of CFT-Bank ABS and SWIFT payment standards is an advantage.
English at pre-intermediate level (B2) and better.

Head of Business Direction, Clearing and Settlements Center, Operations Department

Duties and Accountabilities

Receiving and sending payment documents, statements, and messages via SWIFT, SPFS, and other channels.
Maintaining the Bank's current payment position.
Monitoring and ensuring the quality of settlements: reconciling statements, investigating payments, maintaining records of outstanding amounts, reconciling NOSTRO correspondent account balances and interact with correspondent banks to resolve issues.
Identifying operational risks, participating in the implementation of new products, process automation, and system testing, as well as developing and updating regulatory documents.
Administration of the remote banking system.
Internal interactions: working with related bank departments to ensure and fulfill operational tasks. Leading the function and organization of work.

Selection Criteria

University Degree in Finance or Economics.
At least 5 years of experience in a similar position in corporate client settlements.
Experience working with an ABS (CFT).
Skills in drafting legally significant documents (requests, letters, claims, etc.).
English at pre-intermediate level (B2) and better.

Stages of the candidate selection process

In the International Bank for Economic Co-operation, personnel selection is carried out on the basis of an international Competition held among Candidates, mainly from the member countries of the Bank. The purpose of organizing the Competition is to determine the Candidate that best meets the Qualification requirements and needs of the Bank. When participating in the international Competition for vacancies at IBEC, Candidates go through the following selection stages:

Initial selection of candidates

Primary selection of candidates – selection of applications (CVs) of Candidates that meet the requirements of selection criteria, confirmed by the information in the application (CV).
Depending on the requirements specified in the application, the level of education, work experience (general / in the field / in the position), the availability of licenses, certificates, knowledge of foreign languages and other mandatory requirements specified in the selection criteria are assessed. An employee of the IBEC Human Resources Department can contact candidates to clarify the details of their career and CV facts.

Initial professional assessment of candidates

After the selection of candidates for compliance with the selection criteria, an initial professional assessment of the candidates is carried out. The initial professional assessment of candidates can be carried out by using various methods, including methods of structured interviews on professional competencies, testing for professional knowledge, performing a practical test task and other methods and assessment procedures aimed at demonstrating the candidate's level of professional knowledge, skills and abilities. As a rule, the primary professional assessment of candidates is carried out by the direct supervisor together with the HR employee.

Interview with the Personnel Competition Committee

Candidates who have successfully passed the initial professional assessment and confirmed their interest in working at the Bank are invited to participate in the interview with the HR Competition Committee.
Prior to participating in an interview with the HR Competition Committee, Applicants are encouraged to take an aptitude test and answer a questionnaire to determine a personal and business competency profile.

After passing an interview with the HR Competition Committee, the final candidate may be offered a job at the Bank.

Principles of the international competition

The Bank has implemented a system for personnel recruitment based on the international competition, which allows to form well-qualified team of professionals capable of implementing the tasks set to the Bank.

Equal Opportunities

The Bank provides equal opportunities for participation in the international competition to all persons regardless of their race, religion, nationality, gender, age, marital or social status and other differences.

Unified Criteria

The Bank uses unified criteria for assessment and selection of candidates, which are focused primarily on professional and personal competencies, qualification level, and work experience.

Transparency

The recruitment process is transparent to all Candidates and to other participants in the competitive selection at the Bank.

About vacancies and career at IBEC

1. If I am not a citizen of the IBEC member country, can I take part in the international job competition?

The recruitment of personnel at IBEC is carried out on the basis of an international competition held among the candidates, mainly from the member states of the Bank.

2. How long does the selection process take?

The competition lasts from the moment of opening until the conclusion of an employment contract with the final candidate, but no more than 6 months from the opening date of the competition. In practice, the closing time for a vacancy is about 4 weeks.

3. What is the composition of the Selection Board?

For vacancies at the level of the position "Manager", the Selection Board includes the Management Board of the Bank.

For vacancies at the “Specialist” position level (with no subordinate employees), the Selection Board includes:

Member of the Management Board in charge of the division in which the vacancy is open;

Head of the structural unit in which the vacancy is open;

Employee of the Human Resources Department.

4. Which language are interviews held in?

Interviews are usually held in Russian – the working language of the IBEC. However, in cases when the position requires the knowledge of the English language, part of the interviews (or all interviews) can be held in English.

5. Can interviews take place remotely?

Yes, all the interviews and other assessment procedures can be conducted remotely. However, it is necessary to have a stable high-speed Internet connection and quality equipment to ensure good audio and video communications during interviews. Typically, distance interviews are recorded to provide the best and most objective assessment of the various candidates involved in the selection.

6. Which criteria are used when selecting candidates for vacancies?

The Bank uses uniform criteria for evaluating and selecting Candidates, focused primarily on professional and personal competencies, qualifications and work experience. These criteria are determined by the qualification requirements set by the Bank for different levels and categories of positions, including requirements for the level of education, work experience, knowledge of foreign languages, the level of proficiency in a personal computer and others.

You can share your CV or send questions to the specialists of the HR department