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.

Participation of employees in the implementation of projects aimed at developing the economies of the Bank's member countries (i.e. infrastructure, energy, scientific, agricultural projects)
Stable sustainable organization with a rich history
Interaction with international clients and employees from member countries
Respect for personal diversity, inclusion of interests
Business transparency and high ethical standards
Competitive comprehensive package of social guarantees and benefits
Possibility of maintaining work-life balance
Diverse challenges and tasks driven by the status of the development bank
Development of competencies in key banking disciplines in a team of experienced professionals

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.

Chief Specialist, Strategic Analysis and Planning Division of the Strategic Planning and Analysis Department

Duties and Accountabilities:

Preparation of analytical materials on the economies of the IBEC member countries and other countries, identification of macroeconomic trends
Preparation of sectoral analyses and studies
Preparation of economic reviews and monitoring of the compliance with the Bank's mission
Preparation of draft reporting documents on the Bank's activities
Monitoring the implementation of planned actions in line with approved documents
Development and updating of the database of analytical and expert materials
Participation in the development / updating of strategic models / business plans and performance indicators
Participation in internal analysis of the Bank's operational activities

Selection Criteria:

University degree in Finance and Economics (leading universities of the Bank's member countries or other countries) with specialization (Master degree) in one or more preferred fields:
- International Relations
- International Economics and Trade
- International Finance
Experience in analytical departments of financial organizations, consulting or rating agencies - from 3 years
Experience in development institutions (and/or Ministry of Finance/Industry and Trade/Economic Development) will be an advantage
Knowledge of basic statistics, ability to structure, analyze and interpret large amounts of data
Certificates, completed courses, other training in data science, proficiency in Python will be an advantage
Proficiency in Excel at the level of writing macros
Presentation skills, excellent knowledge of MS PowerPoint
Teamwork skills, focus on results, customer focus and initiative
Fluent, competent command of oral and written Russian language (at least C1 level), ability to write well-structured materials
Mandatory oral and written English (upper intermediate (C1) and above) and Russian (C1)
Excellent knowledge of Excel, Word and PowerPoint

Chief Specialist, Systems and Application Development Division of Information Technology Department

Duties and Accountabilities

Refinement, customization and support of ABS CFT-Bank
Maintenance of external systems/individual workstations
Integration of systems and applications upon customer’ requests
Support of remote banking services, electronic document management systems (EDS), HR information management systems

Selection Criteria

University Degree in Sciences and/or education in Information Technology;
Work experience of at least 3 years in the field of information technology;
Skills:
- Maintenance of ABS, means of cryptographic information protection (hereinafter referred to as cryptographic information security);
- Maintenance, installation and updating of system and application software;
- Collecting and clarifying requirements from the “internal” customer, finalizing/developing and programming the necessary elements of application software.
Knowledge:
- Oracle (or any SQL, PL/SQL, PL+), Visual Basic;
- Information Security Rules;
- Sound understanding of banking services/products: preferably: Automated banking system (hereinafter - ABS) "CFT-Bank", preferably: remote banking system (hereinafter referred to as RBS) iBank2, automated workstation (KBR-N, etc).
- Developer (installation and updating of specialized software);
- English at upper-intermediate level (B2 and better);
- Fluency in Russian;
- MS Office user at the expert level.

Chief Specialist of Credit Department (1)

Duties and Accountabilities

Preparation of credit and security documentation for transactions and amendments to it, including:
- preparation and coordination with the Bank's services and with the client of credit agreements and agreements on trade finance operations (guarantees, letters of credit) on the basis of decisions taken by the Bank, samples of contracts available in the Bank and market practice;
- preparation and coordination with the Bank's services and with the client of security documentation for intangible types of collateral, such as collateral of property rights, pledge of funds in a collateral account, corporate guarantees, personal guarantees of the final beneficiaries of clients, etc.;
- interaction with the Bank's collateral service in the preparation and coordination with the client of security documentation for material types of collateral, such as a pledge of real estate, pledge of movable property, pledge of warehouse balances, etc.
Verification of compliance with the terms of the credit and security documentation and verification of the intended use of funds by the Bank's clients.
Preparation of standard templates of credit and security documentation, continuous improvement of standard templated taking into account market and legal practice.
Analysis and monitoring of current contracts with clients to identify the need to make changes (in particular, currency, sanctions clauses).
Study the possibilities of introducing the use of electronic document management and a qualified digital signature for full or hybrid use when concluding credit and security contracts and related documentation.
Participation in the preparation of internal and external Management reports.

Selection Criteria

University degree in Finance and Economics (leading universities of the member countries of the Bank or other states);
Work experience of at least 5 years in the field of analytical and legal support of credit transactions, including preparation and verification of financial and legal documentation in the framework of interaction with clients;
At least 3 years of experience with trade finance products, in-depth knowledge of documentary products and other forms of trade finance;
Work experience with syndicated loans and knowledge of LMA standards will be an advantage;
Work experience in an international financial institution will be an advantage;
Having a CFA certificate (Level 1 and above) will be an advantage;
Verbal and written English is required (upper intermediate B2 and above). The experience of drafting legal documents in English is an advantage;
Russian language proficiency at the level of a native speaker in verbal and written form, including skills and practical experience in drafting legal documents in Russian;
A confident user of MS Office and MS Outlook;

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

Duties and Accountabilities:

Search and introduce to the Bank corporate and other organizations from IBEC member countries and third countries, provided that the activities of such clients are directly related to IBEC member countries, in order to conclude trade finance transactions, credit operations and the promotion of the entire range of banking products and services (including settlement and cash services).
Review client’s needs in credit transactions and trade finance transactions.
Consult clients on the entire range of IBEC products.
Ensure the collection of a complete set of required documents for the opening, processing and closing of bank accounts for new clients, as well as for the consideration and analysis of credit deals.
Provide assistance in obtaining from clients the appropriate documents for opening and processing bank accounts for clients, within the period established by IBEC.
Organize and participate in marketing, presentation and other IBEC events to promote banking products and services.

Selection Criteria:

University degree in Economics, Finance of Foreign Trade.
Relevant experience in the corporate and investment area, financial and banking sector (including foreign economic activity) for at least 5 years. Experience in credit and investment transactions of corporate clients (direct lending, trade and structured financing, cash management services) in a role similar to the position of “Managing Director” in scale and level of responsibility.
Experience in arrangement of complex implementation of structured credit and investment transactions with corporate clients - residents of different countries.
Experience in executing transactions within the framework of government programs to support business or support exports from other countries is considered as an advantage (including experience in attracting subsidies and preferential funding).
Knowledge of:
- of corporate and investment business, international economic relations, banking products (including settlement); the main parameters of interaction and development of relations between banks and organizations;
- main products and their structuring for corporate clients;
- sound knowledge of toolkit of credit, documentary and transactional products for corporate clients.
Skills:
- in creating a sales structure, attracting clients from scratch;
- in negotiations and presentations;
- in financial analysis at a basic level (advantage).
Availability of key contacts in the corporate and banking sectors.
English - fluent (at least C1 level).
Russian - fluent (at least C1 level).
Advanced user of MS Office.

Chief Specialist of the Risk Management Department

Duties and Accountabilities

Control risk level and generating regular and specialized reports.
Monitor banking risks’ level.
Analyze and review open information and data / data aggregators. Preparation of summaries and reviews.
Automation of business processes for risk management.
Analysis of the Bank's portfolio structure (credit risks, market risks, liquidity).
Participation in the analysis and management of operational risks of the Bank.
Participation in the development and improvement of risk management methodology.
Participation in the preparation of internal and external reports of the Department / Bank.
Participation in the development of reports on the Bank's integrated risks.

Selection Criteria

University Degree in Economics or Sciences (from leading universities).
FRM/PRM/CFA certificates is an advantage.
Work experience of at least 5 years in the field of analysis and control of banking risks (credit, market, operational), in a position not lower than a "senior" specialist. Control of limits’ discipline, development of regular and ad-hoc reports in the field of risk management.
Experience in the position of Deputy Head/Head of the risk management department will be an advantage.
The experience in independent resolution of a wide range of risk management problems is an advantage.
Advanced MS Office user, experience working with MS SQL / analogues. Experience in self-writing queries to generate ad-hoc reports. Experience in building and visualizing reporting forms. Experience in maintaining databases. Database administration experience it is an advantage. Experience in the use of macros and/or application programming to solve problems.
Work experience with the SPARK-Interfax service.
Experience working with INEC Financial Risk Management software, or practical experience in self-development and automation of remote counterparty analysis and portfolio analysis models is an advantage.
Experience in self–development of analytical data tables and reporting forms (text and tabular) in INEC Financial Risk Management software.
Verbal and written English (A2 and above).
Fluency in conversational and writing Russian, including the ability to express thoughts competently and in a structured manner.
Confident user of MS Office and MS Outlook.

Manager, Sustainable Development Division of the Strategic Planning and Analysis Department

Duties and Accountabilities

Establishment and development of working relations, communication with Ministries, Central Banks and other government organizations in order to increase the Bank's recognition in government and international organizations and promote the Bank's image as a supranational development institution in accordance with its strategic objectives and mission.
Working with embassies and trade missions of the member countries. Establishing and developing working contacts with embassies, trade missions and other potential counterparties of the Bank in promising markets.
Search for joint programs and tools with government and international organizations, participation in which would contribute to the implementation of the Bank's strategic objectives.
Regular monitoring of the activities and initiatives of government organizations, international associations, chambers of commerce and industry, intergovernmental commissions to identify prospects for the participation of the IBEC and the development of the Bank's business.
Analysis and monitoring of the foreign policy and foreign economic activities of the countries of the Bank's strategic priority.
Participation in the preparation and updating of country plans for the development of strategic partnerships, analysis and description of foreign economic and foreign policy events, and the development of work plans in these areas.
Participation in the preparation of reference and presentation materials for participation in forums, conferences and business meetings.

Selection Criteria

University degree in Finance and Economics (leading universities of the Bank's member countries or other countries) with specialization (Master degree) in one or more preferred fields:

International Relations;
International Economics and Trade;
International Finance.

MBA will be an advantage
Work experience in state or national institutions (banks, ministries) – for at least 5 years.
Experience of interaction with government agencies, embassies, ministries.
Work experience in foreign markets with international organizations.
Knowledge of GR, government structures, public organizations and methods of working with them, personal connections in governmental authorities.
Knowledge of diplomatic work.
Awareness of lobbying tools for the Bank’s interests in governmental institutions / international companies.
Skills in project activities, development and implementation of roadmaps, initiatives and operational plans.
Presentation skills, excellent knowledge of MS PowerPoint.
Teamwork skills, focus on results, customer focus and initiative.
Verbal and written English (upper intermediate (C1) and above) and Russian (C1) are required.
Excellent knowledge of Excel, Word and PowerPoint.

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