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

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
Director of Operations Department
    Duties and Accountabilities
  • Organize and control work on:
    • registration and support of operations carried out by the IBEC Treasury;
    • maintenance of payment position on correspondent and depo accounts in T-0 mode;
    • execution of operational servicing clients;
    • registration and support of trade finance operations, credit and documentary operations;
  • Interaction with corporate clients, banks, ECA, other financial organizations and internal departments of IBEC for realization of settlements and cash services and implementation of transactions, maintenance of effective working relations with clients and correspondent banks and other financial organizations;
  • Achieving of key performance indicators.
    Selection Criteria
  • University degree in Finance, Economics, International Economic Relations, Mathematics or Natural Sciences;
  • Relevant experience: at least 7 years in Banking, incl. work with foreign corporate clients and financial institutions; at least 3 years in a position similar to the position of “Director of Operations Department” in scope and level of responsibility;
  • Specific experience in the area of operational support for interbank, treasury and customer transactions:
    • transactions with financial institutions, corporate clients in the areas of trade, structured, syndicated financing;
    • back-office support of treasury operations: settlement and optimizing settlements for FXMM transactions (bilateral and organized trading) and derivatives transactions, including margining, carrying out settlements for trading and repo transactions with securities in the domestic and foreign markets, interaction with Russian and foreign depositories;
    • experience in the SWIFT and SPFS systems.
  • Experience working in foreign or international financial organizations and with Asian counterparties is considered an advantage;
  • Skills in organizing operational banking activities; knowledge of international credit and settlement operations, currency control, knowledge of the organization, execution, support of treasury operations, conducting settlement operations with clients and correspondent banks and control of these operations;
  • Knowledge of international banking legislation/practice in the field of trade and syndicated financing;
  • Accuracy, attention to detail, skills in establishing, maintaining and developing relations;
  • Organizational skills and the ability to achieve results in a multitasking environment; stress tolerance, adaptability to changing business conditions, active leadership of the team;
  • Russian language – fluent (C1);
  • English language – fluent (C1);
  • Advanced user, MS Project.
Director, Clients Relationship Department
    Duties and Accountabilities:
  • 1. Provide and organize the work of the Department, including:
    • development, maintenance of the clients’ and partners’ database in existing and new markets;
    • activities focused on the growth of volume and profitability of credit and documentary portfolio, transactional products;
    • promotion and expansion of the Bank's product line (including complex banking services).
    • taking decisions on issues, operations, transactions of the Department (interaction with the Bank's Collegiate Bodies at the Board).
  • Execute day-to-day and strategic management of the Department.
  • Ensure the achievement of key performance indicators.
  • Improve business processes and support automation of processes for working with clients and counterparties.
    Selection Criteria:
  • University Degree in Economics, Finance of Foreign Trade.
  • Professional experience - at least 5 years in the financial and banking sector in the area of corporate and investment business, including experience with foreign legal entities.
  • Hands-on Experience in the areas: direct lending (including co-financing), trade and structured finance, transaction business (cash management) in a position of similar scope and level of responsibility.
  • At least 3 years of experience in a management position in the financial and banking industry.
  • Experience in leadership and organizational roles in Finance or Banking segment of his/her country.
  • Professional competencies: skills and experience in attracting corporate clients and maintaining relations with them; skills and experience in interaction with financial institutions and execution of transactions (including joint transactions) - as an advantage.
  • Knowledge:
    • professional knowledge in the field of International Economic Relations, Foreign Trade, banking products, transactional business, incl. related industries (insurance, collateral and other products);
    • knowledge of the basics of Russian (and international - as an advantage) banking legislation in the field of corporate and investment products (including trade and syndicated financing);
    • knowledge of the basics of interbank settlements’ business is an advantage (interbank trade and structured finance transactions, correspondent relations, international economic relations);
    • knowledge of the Russian corporate clientele of various segments (large businesses, SMEs).
  • Skills:
    • practical skills in structuring, implementing and supporting corporate and investment products (including transactional ones) for corporate clients;
    • negotiation and presentation skills;
    • skills in establishing, maintaining and developing relationships with corporate clients and counterparties (including financial institutions);
    • skills in organizing activities and the ability to achieve results in VUCA world (including resistance to stress, adaptability to changing business conditions).
  • Verbal and written English (C1 - upper intermediate and above). Knowledge of other foreign languages, including Chinese, is considered as an advantage.
  • Russian language – working fluency.
  • Advanced user of MS Office.
Managing Director, Customer Relations Division of the Customer Relations Department
    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, Credit Department
    Duties and Accountabilities:
  • Organize the work of the Department, including:
    • qualitative and prompt analysis of credit applications of the Bank's clients in compliance with the established regulatory deadlines (SLA);
    • ensure seamless loans’ issue for corporate clients, including obtaining all necessary opinions/conclusions of the experts, approval and protection of transactions, their execution and payback;
    • regular and efficient work with overdue debts of the Bank;
    • qualitative and timely monitoring of the current loan portfolio;
    • support of growth of the corporate clients' credit and documentary portfolio;
    • making managerial decisions on issues, operations, transactions of the Department (interaction with the Bank's collegial management bodies).
  • Execute day-today and strategic management of the Department.
  • Ensure achievement of Key Performance Indicators.
  • Improvement of business processes and support for automation in the work with clients and counterparties.
    Selection Criteria:
  • University Degree in Economics, Finance, Foreign Trade.
  • Professional experience – at least 5 years in the financial and banking sector in the area of corporate and investment business, incl. foreign legal entities and experience in lending to small and medium-sized businesses (as an advantage).
  • Experience in the following areas: direct lending, syndicated lending, trade and structured finance.
  • Leadership experience Banking and Finance - at least 3 years.
  • Work experience with an international financial organization will be an advantage.
  • Knowledge of the specifics of the trade finance products suite: documentary products; direct and syndicated lending to corporate clients and SMEs;
  • Knowledge of lending and credit risk analysis tools and techniques;
  • Mastery in lending process management;
  • Knowledge of the basics of the leagal frameworks for credit and investment transactions, bank policies in the field of risk management;
  • Analytical and process management skills;
  • Presentation and negotiation skills, processing correspondence with clients on all issues of credit activity, in particular related to the review of loan applications, conditions for loans’ issue, work to monitor the financial condition of the borrower, compliance with the terms of loan agreements, including bad debts issues;
  • Verbal and written English (C1 - upper intermediate and above).
  • Russian language – working fluency.
  • Advanced user of MS Office.
Chief Specialist, Liquidity, Assets and Liability Management Division, Treasury Operations Department
    Duties and Accountabilities:
  • Short-term liquidity management:
    • Calculations within the framework of analyzing the state of forecasted inflows and outflows on assets and liabilities of the Bank's balance sheet taking into account the payment position and norms;
    • Support of the Treasury's internal information systems and algorithms, work on their optimization and refinement with respect to the forecast liquidity position.
  • Structural liquidity management and optimization of balance sheet ALM risks:
    • collecting data and performing calculations as part of asset-liability structure analysis, forecasting and modeling liquidity over the medium-term horizon in major currencies;
    • interaction with risk management on validation of calculations of liquidity and interest rate risk metrics;
    • support of the Treasury's internal information systems and algorithms, their optimization and refinement with respect to the structural currency position, including position maintenance and generation of forecasts;
    • reconciliation of currency position data with reporting data in the treasury systems;
    • data processing for liquidity buffer modeling in terms of maintenance and execution of balance sheet restrictions on structure and ALM risks.
  • Active interaction with the Divisions of the Department, development of proposals focused on achievement of joint objectives the Division and the Department;
  • Participation in determining the Bank's Pricing Policy for active and passive operations:
    • collecting market data and performing calculations to determine the cost of resources and building risk-adjusted base interest rate curves (FTP);
    • performing tasks on modeling risks (liquidity and interest rate) included in the FTP pricing model;
    • maintaining the register of internal funding transactions;
    • maintaining data on available and projected funding sources.
  • Performing the necessary calculations to determine the value of derivative positions, including hedging positions, and participating in the collateral management of such positions;
  • Preparing materials for meetings of collegial bodies on ALM issues. Participation in corporate business planning and budgeting processes in terms of balance sheet structure planning;
    • Selection Criteria:
    • Graduate degree in Science and/or Economics/Financial Management from a highly ranked higher education institution in the candidate's country;
    • Additional professional education/training in the core activities of risk management, asset-liability management and/or in the area of financial markets and instruments (including Fixed Income / FX / Derivatives);
    • Specific knowledge and skills:
      • financial analysis and mathematical modeling skills;
      • knowledge of financial markets infrastructure and instruments (securities, derivatives on currencies and interest rates);
      • knowledge of financial and management reporting of banks;
      • knowledge and practical experience in applying BCBS recommendations, ECB/national regulators' regulatory standards in the field of liquidity risk management;
      • knowledge of derivatives valuation methodologies, derivatives collateral management.
    • 2 years and more of experience in ALM (Assets and Liability Management) in analytical internal treasury, finance unit and/or risk management of a bank;
    • Experience with FX and money market instruments in market treasury departments in banking is an advantage;
    • Advanced MS Office user, programming skills;
    • Familiarity with information and analytical systems and resources. Familiarity with specialized ALM systems is an advantage;
    • Oral and written English (B2 and above);
    • Fluency in Russian.
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
Manager, Sustainable Development Division of the Strategic Planning and Analysis Department
    Duties and Accountabilities:
  • Participation in the development of country strategies/plans for the IBEC member countries: elaboration of proposals on target business model (sectors, partners, clients, mechanisms for expanding market share)
  • Development of steps and specific action plans for penetration into new markets, control over implementation
  • Development of proposals on the Bank's positioning and promotion of its products in the markets of the member countries and in the countries of strategic interest
  • Participation in the development and actualization of country profiles and development of the target customer profiles
  • Participation in review of proposals on development and promotion of the product line
    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
  • 5 years of experience in strategic marketing (banks and/or consulting)
  • Experience in implementing projects to enter new markets or new business segments in the financial industry
  • Experience of working in foreign markets: with international organizations, foreign clients or as part of syndicates
  • Knowledge of marketing and sales, understanding of the characteristics and features of banking products and services
  • Skills in project activities, formation and implementation of roadmaps, initiatives and operational plans
  • Skills in presentation materials, 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
  • Oral and written English (upper intermediate (C1) and above) and Russian (C1) are mandatory
  • Excellent knowledge of Excel, Word and PowerPoint
Assistant to the IBEC Board, Document Flow and Secretariat Division of the Board Administration
    Duties and Accountabilities: Responsibilities for:
  • Management of the incoming documents’ flow (processing documents in Electronic Documents Management System – EMDS), collection and distribution of reporting, presentation, analytical materials for meetings, etc. on behalf of Executives).
  • Organization of working day and meetings of Executives (maintenance of working schedule, arrangement of telephone calls, set up of meetings, preparation of documents, etc.).
  • Comprehensive organization and support of business trips of Executives (preparation of business trip requests, booking of tickets, hotels and transfers, preparation of business trip itinerary, processing of accounting documents, selection of relevant conferences and organization of their participation, etc.).
  • Protocol support of events with the participation of Executives (drafting lists of participants and coordinating seating plans, purchasing gifts, arrangement of buffet services for meetings, etc.);
  • Monitoring of execution by employees relevant orders and instructions given by Executives;
  • Performing other support functions (ensure office and reception housekeeping, monitoring the availability of office supplies, coordinating the work of drivers, etc.);
  • Preparation of the annual budget and processing of accounts payable within the scope of his/her competence;
  • Protocol and technical support of the Board, Council and Working Groups meetings;
  • Work in the MBord system to support collegial bodies’ meetings;
  • Records’ keeping within the business unit
    Selection Criteria:
  • University Degree (in any professional discipline with wide business savvy and solid educational foundation).
  • At least 3 years of work experience with Executives (top management);
  • Key Skills:
    • Successful experience in working Executives (experience in banking and financial organizations is an advantage);
    • Mastery in the full scope of functions of an Executive Assistant;
    • Experience in electronic document management systems (EDMS) at the level of a confident user;
    • Ability to organize/support events (one-to-one and group meetings, business trips, etc.);
    • Budgeting skills at the level of annual budgeting within the scope of his/her competence;
    • Analytical thinking, ability to improve and optimize existing process, ability to perform tasks according to approved processes;
    • Knowledge of business etiquette;
    • Mandatory knowledge of Russian language Grammar and Style, lexical, grammatical, composition rules of business correspondence and preparation of management documents; rules of terminology, symbols, measurement units, abbreviations;
    • Skills in processing of official and working correspondence in Russian and English;
    • Developed business communication skills (verbal and written), literate speech;
    • Ability and willingness to work under conditions of high workload and intensity;
    • Ability to make prompt decisions in difficult situations;
    • Personal qualities: responsibility, organization, efficiency, diplomacy, communication skills, initiative, ability to communicate with people, positive attitude, ability and willingness to work in a team, stress tolerance;
    • Desire to develop, work hard and execute interesting tasks.
  • Russian language - level (C2);
  • English at upper-intermediate/advanced level (B2/C1);
  • Competent PC user, knowledge of basic office applications, including Word, Excel, Power Point MS Office.
You can share your CV or send questions to the specialists of the HR department
hr@ibec.int
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